SapuraKencana Bags Pemex Deal in Mexico Gulf

Published at 12:42PM - 25/07/16

SapuraKencana announced it has been awarded a contract in the Gulf of Mexico’s Bay of Campeche by the Mexican Pemex.

The contract has been valued at approximately US$113 million (£86 million) and will see the Malaysian oil field services company provide procurement and construction of a sour gas pipeline in Mexico’s Ciudad del Carmen, Campeche.

“The scope of work comprises transportation and installation of pipelines, crossings, top side modifications and subsea works, including procurement and project management,” the company informed in a statement.

SapuraKencana Bags Pemex Deal in Mexico Gulf

The work involves a 36-inch by 11.18 miles sour gas pipeline (KMZ-76) from Platform E-KU-A2 to Platform CA-AJ-1 (J4) in Campeche.

According to SapuraKencana, works in relation to the contract are expected to start in July 2016 and end in March 2017.

The contract has been awarded by the Mexican oil company Pemex, to SapuraKencana’s wolly-owned subsidiary, SapuraKencana Mexicana.

SapuraKencana Secures Work in Malaysia

Earlier this month, the Malaysian firm had announced it had signed an agreement with Petronas to cease the Berantai Risk Service Contract.

The agreement entailed the development and production of oil from the Berantai field, located offshore Peninsular Malaysia.

Under the arrangement signed, the ownership of Berantai FPSO will be transferred to Petrobras, the company said at the time.

Additionally, in end-June, the company announced its wholly owned units secured a series of contracts and extensions, with a combined value of about US$125 million (£95.18 million).

Overall, SapuraKencana Drilling secured one new contract, while SapuraKencana HL secured three new contracts and SapuraKencana Australia secured two new jobs.

The string of contracts follows a busy 2015 for the company, when it announced it had signed several engineering and construction deals amounting to US$269 million (£204.8 million) as it commenced operations in Mexico.

The contracts included structures and superstructures of fixed marine platforms as well as pipe laying and lifting of major power generation equipment in the Bay of Campeche.