Sapura Energy Secures Subsea Services Contract with PTTEP in Malaysia
As the oil and gas industry continues to evolve, companies are constantly seeking ways to improve their operations and reduce costs. In a recent development, Sapura Energy, a Malaysia-based offshore services firm, has secured a contract with PTTEP, a Thai oil company, to provide subsea services for its subsidiaries in Malaysia.
The contract, which is effective from February 21, 2024, for a period of five years, will see Sapura Energy providing a range of subsea services, including diving support vessels, air and saturation diving systems, remotely operated vehicles (ROVs), and other related services. The scope of work also includes subsea inspection, repair, and maintenance of offshore structures, pipelines, and other equipment, as well as abandonment, intervention, and subsea decommissioning.
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PTTEP’s portfolio in Malaysia consists of several blocks, including Block SK405B, SK438, SK314A, SK417, PM407, SB412, and SK325, all of which are in the exploration phase. The company has also made new oil and gas discoveries in three fields offshore Sarawak, Malaysia, including the Chenda-1 exploration well in Block SK405B, and the Bangsawan-1 and Babadon-1 exploration wells in Block SK438.
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The contract with Sapura Energy is a significant milestone for PTTEP, as it marks a major step forward in the company’s efforts to develop its oil and gas resources in Malaysia. The partnership is expected to enhance the efficiency and effectiveness of PTTEP’s operations, while also providing a boost to the local economy.
Offshore oil rig
As the oil and gas industry continues to evolve, companies like Sapura Energy and PTTEP are leading the way in terms of innovation and technological advancement. With their combined expertise and resources, they are well-positioned to capitalize on the opportunities presented by the growing demand for energy.
Offshore oil rig
In conclusion, the partnership between Sapura Energy and PTTEP is a significant development in the oil and gas industry, and one that is expected to have a positive impact on the economy and the environment. As the industry continues to evolve, it will be interesting to see how companies like Sapura Energy and PTTEP adapt and innovate to meet the changing needs of the market.
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