Sapura Energy has secured three new contracts and a contract extension valued at approximately RM815mil in Australia, Brunei, Malaysia and Nigeria, bringing the group’s total value in contract wins in the current financial year to-date to RM5.3bil.

President and Group Chief Executive Officer Tan Sri Shahril Shamsuddin said sustained high oil prices had encouraged recovery in investments, which is driving increased activities.

Making an entry into Nigeria for its engineering and construction segment, Shahril said the group aimed to build a sustainable presence as well as create a strong service and product supply chain in the country by developing local talent for its future business in Africa.

Source: The Star