KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
Major Contract Wins Across Regions
- Sapura Energy (SAPNRG) secured multiple contracts worth RM3.2 billion, boosting its group order book to RM8.7 billion, with joint ventures holding an additional RM5.7 billion.
- Contracts were awarded to its drilling arm, Sapura Drilling, from key clients across various regions.
Key Contracts & Project Details
- PTTEP Energy Development Ltd awarded contracts for Sapura T-17 and Sapura T-18 drilling rigs, set to commence Q2 FY2026 with a 5-year firm period + 3-year extension option.
- Cabinda Gulf Oil Company (Chevron’s subsidiary) extended the Sapura Jaya rig contract in Angola until November 2025.
- ExxonMobil Malaysia awarded a 30-month drilling contract for the Sapura Berani rig, starting Q1 FY2026.
- EnQuest Malaysia awarded a contract for Sapura Esperanza rig to drill four offshore wells.
Expanding Engineering & Construction (E&C) Division
- The E&C segment secured projects in Brazil and Australia for pipeline installation and asset removal.
Financial & Market Position
- Sapura Energy remains in PN17 status since May 2022, working towards financial recovery.
- Stock closed unchanged at 3 sen, with a market capitalization of RM551.3 million.
Summary:
- Sapura Energy secured RM3.2B in new contracts, expanding its order book to RM8.7B.
- New projects span Malaysia, Angola, Brazil, and Australia.
- Contracts include drilling and engineering & construction works.
- Company remains in PN17 status, focusing on operational excellence & financial recovery.
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