SapuraKencana Petroleum Berhad, through its subsidiaries, provides engineering and technical support services to the oil and gas, marine, and power utility industries primarily in Malaysia, Singapore, and Australia. It operates in four segments: Installation of Pipelines and Facilities, Drilling, Marine Services, and Operations and Maintenance. The Installation of Pipelines and Facilities segment engages in the installation of offshore platforms and marine pipelines. The Drilling segment involves in drilling offshore oil wells and chartering rigs used in drilling offshore oil wells. The Marine Services segment offers offshore geotechnical and geophysical services to the oil and gas industry;...
Menara SapuraKencana Petroleum
1 Jalan Dutamas 1
Kuala Lumpur, 50480
Founded in 1979
Sapurakencana Petroleum Berhad Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 31, 2013
Sep 30 13
SapuraKencana Petroleum Berhad announced unaudited consolidated earnings results for the second quarter and six months ended July 31, 2013. For the quarter, the company reported revenue of MYR 2,490,381,000 against MYR 2,057,512,000 for the same period a year ago. Profit from operations was MYR 511,226,000 against MYR 359,366,000 for the same period a year ago. Profit before taxation was MYR 450,139,000 against MYR 276,009,000 for the same period a year ago. Profit for the period was MYR 411,402,000 against MYR 208,931,000 for the same period a year ago. Profit for the period attributable to owners of the parent company was MYR 410,457,000 against MYR 176,522,000 for the same period a year ago. Earnings per basic share were 6.85 sen against 3.53 sen a year ago. Increase in revenue was largely attributable to inclusion of financial results from Seadrill Tender Rig business subsequent to completion of acquisition of tender rigs business in April 2013.
For the six months, the company reported revenue of MYR 4,112,903,000 against MYR 2,739,339,000 for the same period a year ago. Profit from operations was MYR 840,114,000 against MYR 502,150,000 for the same period a year ago. Profit before taxation was MYR 609,630,000 against MYR 360,587,000 for the same period a year ago. Profit for the period was MYR 540,044,000 against MYR 269,385,000 for the same period a year ago. Profit for the year attributable to owners of the parent company was MYR 504,125,000 against MYR 218,183,000 for the same period a year ago. Earnings per basic share were 8.41 sen against 4.36 sen a year ago. Net cash generated from operating activities was MYR 582,240,000 against MYR 104,830,000 for the same period a year ago. Purchase of property, plant and equipment was MYR 1,288,869,000 against MYR 262,210,000 for the same period a year ago. Expenditures on oil and gas properties were MYR 142,803,000 against MYR 158,190,000 for the same period a year ago. Net assets per share attributable to ordinary equity holders of the parent were MYR 1.6000.
SapuraKencana Petroleum Bhd Launches First Pipe Laying Vessel for Expansion into Brazil
Sep 29 13
SapuraKencana Petroleum Bhd successfully launched its first pipe laying vessel, Sapura Diamant. The 550-tonne vessel is the first in a series of six fully integrated offshore vessels to be used to develop deep-sea oilfields in Brazilian waters on behalf of Brazil's Petroleo Brasileiro (Petrobras). Sapura Kencana's associate company, Sapura Navegacao Maritima S.A, was awarded the USD 4.1 billion contract to build, charter and operate six deepwater flexible pipe laying support vessels (PLSVs) by Petrobras. The Sapura Diamant, build by IHC Merwede, is capable of operating in depths of up to 2,500 meters and is suitable for worldwide operation. The vessel is fitted with two underdeck storage carousels. IHC Merwede will also build four more vessels for Sapura Kencana with the second, Sapura Topazio, already under construction at the company's shipyard.