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{{Short description|Malaysian integrated oil and gas services company}}
{{Hatnote|"SapuraKencana" redirects here.}}
{{Hatnote|"SapuraKencana" redirects here.}}
{{Infobox company
{{Infobox company
| name = Sapura Energy Berhad
| name = Sapura Energy Berhad
| logo = SapuraEnergy Logo Official.svg
| logo = SapuraEnergy Logo Official.svg
| logo_size = 180px
| logo_size = 240px
| image =
| image =
| image_size =
| image_size =
| image_caption =
| image_caption =
| former_name = SapuraKencana Petroleum Berhad
| former_name = SapuraKencana Petroleum Berhad
| type = [[Public limited company|Public]]
| type = [[Public limited company]]
| traded_as = {{Bursa Malaysia|5218}}
| traded_as = {{Bursa Malaysia|5218}}
| ISIN = MYL5218OO002
| ISIN = MYL5218OO002
Line 16: Line 17:
}}
}}
| foundation = {{Start date and age|df=yes|2012|5|15}} (merger between SapuraCrest and Kencana)
| foundation = {{Start date and age|df=yes|2012|5|15}} (merger between SapuraCrest and Kencana)
| founder = Tan Sri Shahril Shamsuddin<ref>[https://www.thestar.com.my/business/business-news/2021/03/22/sharil-retires-today-annuar-taib-takes-over-as-ceo] Sharil retires today, Annuar Taib assumes CEO post. Retrieved 22 March 2021.</ref>
| key_people = {{plainlist |
| key_people = {{plainlist |
* Abdul Jalil Abdul Rasheed (Chairman)
* Abdul Jalil Abdul Rasheed (Chairman)
* Datuk Mohd Anuar Taib<ref>[https://www.theedgemarkets.com/article/maybank-ib-sapura-energy-ceo-shahrils-planned-retirement-unexpected-surprise#:~:text=Yesterday%2C%20Sapura%20Energy%20announced%20in,60%20on%20March%2022%2C%202021.] Maybank IB: Sapura Energy CEO Shahril's planned retirement an 'unexpected surprise'. Retrieved 22 March 2021.</ref> (President & CEO)
* Shahril Shamsuddin (President & CEO)
}}
}}
| revenue = {{increase}} RM6.45 billion (2020)<ref name="sapura_annual_report_2020">[http://ir.chartnexus.com/sapuraenergy/docs/ar/ar2020.pdf] Sapura Energy Annual Report 2020. Retrieved 23 March 2021.</ref>
| operating_income = {{decrease}} -RM1.27 billion (2020)<ref name="sapura_annual_report_2020"/>
| net_income = {{decrease}} -RM4.57 billion (2020)<ref name="sapura_annual_report_2020"/>
| assets = {{decrease}} RM22.75 billion (2020) <ref name="sapura_annual_report_2020"/>
| location = No. 7, Jalan Tasik, Mines Resort City, 43300 Seri Kembangan, Selangor, Malaysia
| location = No. 7, Jalan Tasik, Mines Resort City, 43300 Seri Kembangan, Selangor, Malaysia
| industry = [[Oilfield services]]
| industry = [[Oilfield services]]
| parent = [[Sapura Group]]
| homepage = {{url|http://www.sapuraenergy.com/}}
| homepage = {{URL|http://www.sapuraenergy.com/}}
}}
}}


'''Sapura Energy Berhad''' (formerly known as '''SapuraKencana Petroleum Berhad''') is a Malaysian integrated oil and gas services company based in [[Seri Kembangan]], [[Selangor]]. 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.<ref>SapuraKencana Petroleum Berhad. 2015. Annual Report 2015. Retrieved 19 August 2014.</ref> Sapura Energy’s operations cover exploration, development, production, rejuvenation, decommissioning, and abandonment.<ref>Rigzone.com, Inc. [http://www.rigzone.com/jobs/featured_employer.asp?e_id=1260 Featured Employer: Sapura Energy Berhad]. Retrieved 30 August 2017.</ref> The company was formed via a merger between SapuraCrest and Kencana in May 2012<ref>Oxford Business Group. [http://www.oxfordbusinessgroup.com/analysis/sapurakencana-petroleum-oil-and-gas SapuraKencana Petroleum: Oil and Gas.] Retrieved 09 August 2015.</ref><ref>J, Yap. 2012. [http://www.theborneopost.com/2012/05/18/sapurakencana-becomes-nations-largest-og-player/ SapuraKencana Becomes Nation’s Largest O&G Player.] Borneo Post. Retrieved 09 August 2015. </ref> and trades on the Main Market of [[Bursa Malaysia|Bursa Malaysia Securities Berhad]]. The company was renamed as Sapura Energy Berhad on March 24, 2017.<ref>[https://www.offshoreenergytoday.com/sapurakencana-gets-new-name/ SapuraKencana gets new name] Offshore Energy Today (28 March 2017). Retrieved on 28 March 2017. "Malaysian oilfield services company SapuraKencana Petroleum Berhad has now changed its name to Sapura Energy Berhad.".</ref>
'''Sapura Energy Berhad''' (formerly known as '''SapuraKencana Petroleum Berhad''') is a Malaysian integrated oil and gas services company based in [[Seri Kembangan]], [[Selangor]]. 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.<ref>SapuraKencana Petroleum Berhad. 2015. Annual Report 2015. Retrieved 19 August 2014.</ref> Sapura Energy's operations cover exploration, development, production, rejuvenation, decommissioning, and abandonment.<ref>Rigzone.com, Inc. [http://www.rigzone.com/jobs/featured_employer.asp?e_id=1260 Featured Employer: Sapura Energy Berhad]. Retrieved 30 August 2017.</ref> The company was formed via a merger between SapuraCrest and Kencana in May 2012<ref>Oxford Business Group. [http://www.oxfordbusinessgroup.com/analysis/sapurakencana-petroleum-oil-and-gas SapuraKencana Petroleum: Oil and Gas.] Retrieved 09 August 2015.</ref><ref>J, Yap. 2012. [http://www.theborneopost.com/2012/05/18/sapurakencana-becomes-nations-largest-og-player/ SapuraKencana Becomes Nation's Largest O&G Player.] Borneo Post. Retrieved 09 August 2015.</ref> and trades on the Main Market of [[Bursa Malaysia|Bursa Malaysia Securities Berhad]]. The company was renamed as Sapura Energy Berhad on 24 March 2017.<ref>[https://www.offshoreenergytoday.com/sapurakencana-gets-new-name/ SapuraKencana gets new name] Offshore Energy Today (28 March 2017). Retrieved on 28 March 2017. "Malaysian oilfield services company SapuraKencana Petroleum Berhad has now changed its name to Sapura Energy Berhad".</ref>


==Core businesses==
==Core businesses==


===Engineering and Construction===
===Engineering and Construction===
[[File:SAPURA ESMERALDA , SAPURA ONIX & FAR SAPPHIRE (16952876489).jpg|thumb|Sapura Energy oil exploration ships]]
One of Sapura Energy’s core businesses is Engineering and Construction, which includes the creation of [[Offshore platform|offshore platforms]] and [[marine pipelines]] for [[oil exploration]]<ref>Nikkei Asian Review. [https://asia.nikkei.com/Company/0BXXJK-E Sapura Energy Bhd]. Retrieved 30 August 2017.</ref>. It is supported by a strategic group of assets such as [[Pipe-laying ship|pipelaying vessels]], six of which are in full operation for [[Petrobras|Petróleo Brasileiro S.A. (Petrobras)]] in Brazil<ref>S. Puspadevi. 2017. [http://www.thestar.com.my/business/business-news/2017/04/04/sapura-energy-springs-a-surprise/ Sapura Energy Springs a Surprise]. The Star Online. Retrieved 30 August 2017.</ref>. The vessels are fitted with [[Remotely operated vehicle|remotely operated vehicles]] (ROVs) developed and built by Total Marine Technology Pty Ltd (TMT), an Australian subsidiary of SapuraKencana<ref>Subsea World News. 2016. [http://subseaworldnews.com/2016/08/18/sapura-rubi-starts-petrobras-job/ Sapura Rubi Starts Petrobras Job]. Retrieved 30 August 2017.</ref>.
One of Sapura Energy's core businesses is Engineering and Construction, which includes the creation of [[offshore platform]]s and [[marine pipelines]] for [[oil exploration]].<ref>Nikkei Asian Review. [https://asia.nikkei.com/Company/0BXXJK-E Sapura Energy Bhd]. Retrieved 30 August 2017.</ref> It is supported by a strategic group of assets such as [[Pipe-laying ship|pipelaying vessels]], six of which are in full operation for [[Petrobras|Petróleo Brasileiro S.A. (Petrobras)]] in Brazil.<ref>S. Puspadevi. 2017. [http://www.thestar.com.my/business/business-news/2017/04/04/sapura-energy-springs-a-surprise/ Sapura Energy Springs a Surprise]. The Star Online. Retrieved 30 August 2017.</ref> The vessels are fitted with [[remotely operated vehicle]]s (ROVs) developed and built by Total Marine Technology Pty Ltd (TMT), an Australian subsidiary of SapuraKencana.<ref>Subsea World News. 2016. [http://subseaworldnews.com/2016/08/18/sapura-rubi-starts-petrobras-job/ Sapura Rubi Starts Petrobras Job]. Retrieved 30 August 2017.</ref>


===Operations and Maintenance===
===Operations and Maintenance===
Through its [[engineering]], [[procurement]], [[construction]], installation, and [[Project commissioning|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 (technology)|subsea]] services, brownfield rejuvenation, and geosurvey and [[Geotechnical engineering|geotechnical]], to the provision of offshore support vessels<ref name=":0">Bloomberg L.P. [http://www.investing.businessweek.wallst.com/research/stocks/snapshot/snapshot_article.asp?ticker=SAPE:MK Sapura Energy Bhd (SAPE:Kuala Lumpur)]. Retrieved 30 August 2017.</ref>.
Through its [[engineering]], [[procurement]], [[construction]], installation, and [[Project commissioning|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 (technology)|subsea]] services, brownfield rejuvenation, and geosurvey and [[Geotechnical engineering|geotechnical]], to the provision of offshore support vessels.<ref name=":0">Bloomberg L.P. [http://www.investing.businessweek.wallst.com/research/stocks/snapshot/snapshot_article.asp?ticker=SAPE:MK Sapura Energy Bhd (SAPE:Kuala Lumpur)]. Retrieved 30 August 2017.</ref>


===Drilling and Completion===
===Drilling and Completion===
The world’s largest owner and operator of [[Tender rig|tender rigs]], Sapura Energy maintains more than 50% of the global market share<ref name=":1">Malaysia Petroleum Resources Corp. 2017. [http://www.epmag.com/otc-extra-malaysia-showing-resilience-amid-turbulence-1554396#p=2 OTC EXTRA: Malaysia Showing Resilience Amid Turbulence.] Retrieved 30 August 2017.</ref>. 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<ref>Offshore Energy Today. 2013. [http://www.offshoreenergytoday.com/sapurakencana-buys-2-9-bln-worth-of-tender-rigs-from-seadrill/ SapuraKencana Buys $2.9 Bln Worth of Tender Rigs from Seadrill.] Retrieved 30 August 2017.</ref>. The company has over four decades of experience in tender-assist drilling operations and drills more than 400 wells in a year<ref name=":1" />.
The world's largest owner and operator of [[tender rig]]s, Sapura Energy maintains more than 50% of the global market share.<ref name=":1">Malaysia Petroleum Resources Corp. 2017. [http://www.epmag.com/otc-extra-malaysia-showing-resilience-amid-turbulence-1554396#p=2 OTC EXTRA: Malaysia Showing Resilience Amid Turbulence.] Retrieved 30 August 2017.</ref> 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.<ref>Offshore Energy Today. 2013. [http://www.offshoreenergytoday.com/sapurakencana-buys-2-9-bln-worth-of-tender-rigs-from-seadrill/ SapuraKencana Buys $2.9 Bln Worth of Tender Rigs from Seadrill.] Retrieved 30 August 2017.</ref> The company has over four decades of experience in tender-assist drilling operations and drills more than 400 wells in a year.<ref name=":1" />


===Exploration and Production===
===Exploration and Production===
Sapura Energy is also known for its exploration and production of oil and gas<ref name=":0" />. In 2014, the company’s energy division was able to lift 5.1 million barrels of oil equivalent from [[Peninsular Malaysia|Peninsula Malaysia]] fields. In the same year, it achieved a 100% exploration success rate due to its five significant gas discoveries in [[Sarawak]]’s SK408 project, resulting in more than three trillion cubic feet of gas<ref>The Star Online. 2015. [http://www.thestar.com.my/business/business-news/2015/03/24/sapurakencana-gets-14-jobs-worth-rm5pt1bil/ SapuraKencana Gets 14 Jobs Worth RM5.1bil.] Retrieved 30 August 2017.</ref>.
Sapura Energy is also known for its exploration and production of oil and gas.<ref name=":0" /> In 2014, the company's energy division was able to lift 5.1 million [[barrels of oil equivalent]] from [[Peninsular Malaysia|Peninsula Malaysia]] fields. In the same year, it achieved a 100% exploration success rate due to its five significant gas discoveries in [[Sarawak]]’s SK408 project, resulting in more than three trillion cubic feet of gas.<ref>The Star Online. 2015. [http://www.thestar.com.my/business/business-news/2015/03/24/sapurakencana-gets-14-jobs-worth-rm5pt1bil/ SapuraKencana Gets 14 Jobs Worth RM5.1bil.] Retrieved 30 August 2017.</ref>


==Ownership==
==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.
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 Dato’ Hamzah Bakar while the company’s President and Group Chief Executive Officer is Tan Sri Dato’ Seri Shahril Shamsuddin, who also serves on the board of directors and the President and Group Chief Executive Officer of Sapura Group<ref>Sapura Energy. 2017. [http://ir.chartnexus.com/sapuraenergy/docs/ar/ar2017.pdf Annual Report 2017].</ref>
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]].<ref>Sapura Energy. 2017. [http://ir.chartnexus.com/sapuraenergy/docs/ar/ar2017.pdf Annual Report 2017].</ref>

== See also ==
* [[List of oilfield service companies]]


==References==
==References==
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==External links==
==External links==
* {{Official website}}
* {{Official website}}
{{Finance links |name=Sapura Energy Berhad |symbol=SKPE.KL}}
{{Finance links
| name = Sapura Energy Berhad
| google = KLSE:SAPNRG
}}


{{FTSE Bursa Malaysia KLCI constituents}}
{{FTSE Bursa Malaysia KLCI constituents}}
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[[Category:Companies based in Kuala Lumpur]]
[[Category:Companies based in Kuala Lumpur]]
[[Category:Non-renewable resource companies established in 2012]]
[[Category:Non-renewable resource companies established in 2012]]
[[Category:Malaysian companies established in 2012]]
⚫
[[Category:Companies listed on Bursa Malaysia]]
[[Category:2012 establishments in Malaysia]]
[[Category:2012 establishments in Malaysia]]
⚫
[[Category:Companies listed on the Malaysia Exchange]]

Latest revision as of 04:59, 2 January 2025

"SapuraKencana" redirects here.
Sapura Energy Berhad
FormerlySapuraKencana Petroleum Berhad
Company typePublic limited company
MYX: 5218
ISINMYL5218OO002
IndustryOilfield services
Predecessor
  • SapuraCrest Petroleum Berhad
  • Kencana Petroleum Berhad
Founded15 May 2012; 12 years ago (2012-05-15) (merger between SapuraCrest and Kencana)
FounderTan Sri Shahril Shamsuddin[1]
HeadquartersNo. 7, Jalan Tasik, Mines Resort City, 43300 Seri Kembangan, Selangor, Malaysia
Key people
  • Abdul Jalil Abdul Rasheed (Chairman)
  • Datuk Mohd Anuar Taib[2] (President & CEO)
RevenueIncrease RM6.45 billion (2020)[3]
Decrease -RM1.27 billion (2020)[3]
Decrease -RM4.57 billion (2020)[3]
Total assetsDecrease RM22.75 billion (2020) [3]
ParentSapura Group
Websitewww.sapuraenergy.com

Sapura Energy Berhad (formerly known as SapuraKencana Petroleum Berhad) is a Malaysian integrated oil and gas services company based in Seri Kembangan, Selangor. 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.[4] Sapura Energy's operations cover exploration, development, production, rejuvenation, decommissioning, and abandonment.[5] The company was formed via a merger between SapuraCrest and Kencana in May 2012[6][7] and trades on the Main Market of Bursa Malaysia Securities Berhad. The company was renamed as Sapura Energy Berhad on 24 March 2017.[8]

Core businesses

[edit]

Engineering and Construction

[edit]
Sapura Energy oil exploration ships

One of Sapura Energy's core businesses is Engineering and Construction, which includes the creation of offshore platforms and marine pipelines for oil exploration.[9] 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.[10] The vessels are fitted with remotely operated vehicles (ROVs) developed and built by Total Marine Technology Pty Ltd (TMT), an Australian subsidiary of SapuraKencana.[11]

Operations and Maintenance

[edit]

Through its engineering, procurement, construction, 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 services, brownfield rejuvenation, and geosurvey and geotechnical, to the provision of offshore support vessels.[12]

Drilling and Completion

[edit]

The world's largest owner and operator of tender rigs, Sapura Energy maintains more than 50% of the global market share.[13] 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.[14] The company has over four decades of experience in tender-assist drilling operations and drills more than 400 wells in a year.[13]

Exploration and Production

[edit]

Sapura Energy is also known for its exploration and production of oil and gas.[12] In 2014, the company's energy division was able to lift 5.1 million barrels of oil equivalent from Peninsula Malaysia fields. In the same year, it achieved a 100% exploration success rate due to its five significant gas discoveries in Sarawak’s SK408 project, resulting in more than three trillion cubic feet of gas.[15]

Ownership

[edit]

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.[16]

See also

[edit]

References

[edit]
  1. ^ [1] Sharil retires today, Annuar Taib assumes CEO post. Retrieved 22 March 2021.
  2. ^ [2] Maybank IB: Sapura Energy CEO Shahril's planned retirement an 'unexpected surprise'. Retrieved 22 March 2021.
  3. ^ a b c d [3] Sapura Energy Annual Report 2020. Retrieved 23 March 2021.
  4. ^ SapuraKencana Petroleum Berhad. 2015. Annual Report 2015. Retrieved 19 August 2014.
  5. ^ Rigzone.com, Inc. Featured Employer: Sapura Energy Berhad. Retrieved 30 August 2017.
  6. ^ Oxford Business Group. SapuraKencana Petroleum: Oil and Gas. Retrieved 09 August 2015.
  7. ^ J, Yap. 2012. SapuraKencana Becomes Nation's Largest O&G Player. Borneo Post. Retrieved 09 August 2015.
  8. ^ SapuraKencana gets new name Offshore Energy Today (28 March 2017). Retrieved on 28 March 2017. "Malaysian oilfield services company SapuraKencana Petroleum Berhad has now changed its name to Sapura Energy Berhad".
  9. ^ Nikkei Asian Review. Sapura Energy Bhd. Retrieved 30 August 2017.
  10. ^ S. Puspadevi. 2017. Sapura Energy Springs a Surprise. The Star Online. Retrieved 30 August 2017.
  11. ^ Subsea World News. 2016. Sapura Rubi Starts Petrobras Job. Retrieved 30 August 2017.
  12. ^ a b Bloomberg L.P. Sapura Energy Bhd (SAPE:Kuala Lumpur). Retrieved 30 August 2017.
  13. ^ a b Malaysia Petroleum Resources Corp. 2017. OTC EXTRA: Malaysia Showing Resilience Amid Turbulence. Retrieved 30 August 2017.
  14. ^ Offshore Energy Today. 2013. SapuraKencana Buys $2.9 Bln Worth of Tender Rigs from Seadrill. Retrieved 30 August 2017.
  15. ^ The Star Online. 2015. SapuraKencana Gets 14 Jobs Worth RM5.1bil. Retrieved 30 August 2017.
  16. ^ Sapura Energy. 2017. Annual Report 2017.
[edit]
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  • Business data for Sapura Energy Berhad:
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