In a bold move that cements its position as a global energy powerhouse, Malaysia’s Sapura Energy has clinched a series of high-stakes drilling contracts worth a staggering $720 million. From offshore Malaysia to international waters, the company is doubling down on its commitment to innovation, efficiency, and sustainability in the oil and gas sector.

A Winning Streak: Contracts That Redefine the Game

Sapura Drilling, the drilling arm of Sapura Energy, has been on a roll, securing multiple contracts that promise to keep its rigs busy for years to come. The crown jewel of these deals includes two contracts with PTTEP Energy Development Limited for its state-of-the-art tender assist drilling (TAD) rigs, Sapura T-17 and Sapura T-18. These projects are set to kick off in Q2 FY2026, with a firm five-year commitment and an optional three-year extension.

But that’s not all. The company has also locked in a contract extension with Chevron subsidiary Cabinda Gulf Oil Company Limited (CABGOC) for its TAD rig Sapura Jaya. Starting November 2024, this one-year extension underscores Sapura’s reputation for reliability and performance.

Expanding Horizons: ExxonMobil and EnQuest Join the Fold

Sapura Drilling’s winning streak continues with a contract from ExxonMobil Exploration and Production Malaysia Inc. (EMEPMI) for the Sapura Berani rig. This project, set to begin in Q1 FY2026, will focus on development drilling over a 30-month period.

Adding to the momentum, EnQuest Petroleum Production Malaysia has tapped Sapura Esperanza to drill four development wells offshore Malaysia, also starting in Q1 FY2026. These contracts, combined with optional extensions, bring the total value to approximately RM 3.2 billion (around $720 million).

Beyond Drilling: Engineering and Construction Triumphs

While the drilling contracts are making headlines, Sapura Energy’s Engineering and Construction (E&C) segment is quietly making waves of its own. The division has secured key projects, including pipeline installation in Brazil and asset removal in Australia. These wins have bolstered the group’s order book to an impressive RM 8.7 billion, with joint ventures contributing an additional RM 5.7 billion.

“These contract wins reflect our ability to deliver value-driven solutions and strengthen client confidence in Sapura Energy. As we grow our order book, we remain committed to operational excellence and long-term value creation,” said Muhammad Zamri Jusoh, Group CEO of Sapura Energy.

The Future of Energy: Sapura’s Vision

With these landmark contracts, Sapura Energy is not just securing its present but also shaping the future of the energy industry. By leveraging cutting-edge technology and a commitment to sustainability, the company is poised to lead the charge in a rapidly evolving sector.