Sapura Energy wins $241m in new contracts
The 10 contracts were for transportation and installation, engineering, construction and drilling jobs in Malaysia, Thailand, Taiwan and Australia, and include Sapura’s first offshore wind farm contract. The company also seals a six-year framework agreement with Petronas for fixed offshore structure works on a call-out basis
For the first quarter of the financial year 2020, revenue almost doubled to RM1.6bn but it remained in the red, although net losses narrowed to RM109m from RM135.7m previously