SapuraKencana Petroleum Berhad’s wholly-owned subsidiary company, SapuraKencana Mexicana S.A.P.I. de C.V. (‘SKM’), has been awarded a contract with a value of approximately [USD 113 million] (approximately [RM461 million], based on USD/MYR exchange rate of USD1: RM4.09).
The contract is for the Procurement and Construction of a 36′ X 18 KM Sour Gas Pipeline (KMZ – 76) from Platform E – KU – A2 to Platform CA – AJ – 1(J4) in Ciudad del Carmen, Campeche, Mexico by Pemex Exploración y Producción .
The scope of work comprises transportation and installation of pipelines, crossings, top side modifications and subsea works, including procurement and project management. Works in relation to the contract are scheduled to commence in July 2016 until March 2017.
This article is for information and discussion purposes only and does not form a recommendation
to invest or otherwise. The value of an investment may fall. The investments referred to in this
article may not be suitable for all investors, and if in doubt, an investor should seek advice from
a qualified investment adviser. More