Sapura Energy Berhad (formerly known as SapuraKencana Petroleum Berhad) is a Malaysian integrated oil and gas services company based in

Seri Kembangan Seri Kembangan, formerly known as Serdang New Village, is a town located in Petaling District, Selangor, Malaysia. The town is now a considerable city in size. It is located near the northern end of the PLUS Expressway Southern Route . Histor ...

Selangor Selangor (; ), also known by its Arabic language, Arabic honorific Darul Ehsan, or "Abode of Sincerity", is one of the 13 Malaysian states. It is on the west coast of Peninsular Malaysia and is bordered by Perak to the north, Pahang to the east ...

. Sapura Energy trades in over 20 countries, such as China, Australia, United States of America, and those in Western Africa and the Middle East, employing approximately 13,000 people. Sapura Energy's operations cover exploration, development, production, rejuvenation, decommissioning, and abandonment. The company was formed via a merger between SapuraCrest and Kencana in May 2012 and trades on the Main Market of Bursa Malaysia Securities Berhad. The company was renamed as Sapura Energy Berhad on 24 March 2017.

Core businesses

Engineering and Construction

One of Sapura Energy's core businesses is Engineering and Construction, which includes the creation of

offshore platform An oil platform (or oil rig, offshore platform, oil production platform, and similar terms) is a large structure with facilities to extract and process petroleum and natural gas that lie in rock formations beneath the seabed. Many oil platfor ...

s and marine pipelines for

oil exploration Hydrocarbon exploration (or oil and gas exploration) is the search by petroleum geologists and geophysicists for deposits of hydrocarbons, particularly petroleum and natural gas, in the Earth using petroleum geology. Exploration methods Vis ...

. It is supported by a strategic group of assets such as pipelaying vessels, six of which are in full operation for Petróleo Brasileiro S.A. (Petrobras) in Brazil. The vessels are fitted with

remotely operated vehicle A remotely operated underwater vehicle (technically ROUV or just ROV) is a tethered underwater mobile device, commonly called ''underwater robot''. Definition This meaning is different from remote control vehicles operating on land or in the a ...

s (ROVs) developed and built by Total Marine Technology Pty Ltd (TMT), an Australian subsidiary of SapuraKencana.

Operations and Maintenance

Through its

engineering Engineering is the use of scientific principles to design and build machines, structures, and other items, including bridges, tunnels, roads, vehicles, and buildings. The discipline of engineering encompasses a broad range of more speciali ...

procurement Procurement is the method of discovering and agreeing to terms and purchasing goods, services, or other works from an external source, often with the use of a tendering or competitive bidding process. When a government agency buys goods or serv ...

construction Construction is a general term meaning the art and science to form Physical object, objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Pr ...

, installation, and commissioning (EPCIC) solutions, Sapura Energy also offers its clients in the oil and gas industry operations and maintenance (O&M) services. Its offshore support services ranges from topside maintenance,

subsea Subsea technology involves fully submerged ocean equipment, operations, or applications, especially when some distance offshore, in deep ocean waters, or on the seabed. The term ''subsea'' is frequently used in connection with oceanography, marin ...

services, brownfield rejuvenation, and geosurvey and

geotechnical Geotechnical engineering is the branch of civil engineering concerned with the engineering behavior of earth materials. It uses the principles of soil mechanics and rock mechanics for the solution of its respective engineering problems. It al ...

, to the provision of offshore support vessels.Bloomberg L.P
Sapura Energy Bhd (SAPE:Kuala Lumpur)
Retrieved 30 August 2017.

Drilling and Completion

The world's largest owner and operator of tender rigs, Sapura Energy maintains more than 50% of the global market share.Malaysia Petroleum Resources Corp. 2017
OTC EXTRA: Malaysia Showing Resilience Amid Turbulence.
Retrieved 30 August 2017. In 2013, Sapura Energy bought $2.9 billion worth of tender rigs from deepwater drilling company Seadrill, further expanding the company's tender rig business. The company has over four decades of experience in tender-assist drilling operations and drills more than 400 wells in a year.

Exploration and Production

Sapura Energy is also known for its exploration and production of oil and gas. In 2014, the company's energy division was able to lift 5.1 million barrels of oil equivalent from

Peninsula Malaysia Peninsular Malaysia ( ms, Semenanjung Malaysia; Jawi: سمننجڠ مليسيا), or the States of Malaya ( ms, Negeri-negeri Tanah Melayu; Jawi: نڬري-نڬري تانه ملايو), also known as West Malaysia or the Malaysian Peninsula, ...

fields. In the same year, it achieved a 100% exploration success rate due to its five significant gas discoveries in

Sarawak Sarawak (; ) is a state of Malaysia. The largest among the 13 states, with an area almost equal to that of Peninsular Malaysia, Sarawak is located in northwest Borneo Island, and is bordered by the Malaysian state of Sabah to the northeast, ...

’s SK408 project, resulting in more than three trillion cubic feet of gas.

Ownership

Sapura Energy Berhad is a public limited liability company. As of 2017, the number of shareholders totals to 37,217 with Sapura Technology Sdn Bhd retaining 13.37% and the Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board holding 10.06% of the shares. The Chairman of the Board of Directors is Hamzah Bakar while the company's President and Group Chief Executive Officer is Shahril Shamsuddin, who also serves on the board of directors and the President and Group Chief Executive Officer of

Sapura Group Sapura Group also known as Sapura is a Malaysian public limited company based in Kuala Lumpur that mainly engaged in oil and gas, manufacturing engineering, property, aviation, defence and rail construction. Formed in 1975 by its founder Abdul Kad ...

.Sapura Energy. 2017
Annual Report 2017

References

External links

* {{FTSE Bursa Malaysia KLCI constituents Oil and gas companies of Malaysia Companies based in Kuala Lumpur Non-renewable resource companies established in 2012 2012 establishments in Malaysia Companies listed on Bursa Malaysia