MEDIA RELEASE FOR IMMEDIATE RELEASE Kuala Lumpur 24

MEDIA RELEASE
FOR IMMEDIATE RELEASE
Kuala Lumpur
24 March 2015
SAPURAKENCANA PETROLEUM BERHAD ANNOUNCEMENT OF FULL YEAR
2015 RESULTS
Tan Sri Dato' Seri Shahril Shamsuddin, President and Group CEO
commented:
“The Group has generated revenues of RM 9.9 billion and profits before tax of RM
1.6 billion for FY2015 as compared to RM 8.4 billion and RM 1.2 billion respectively
for FY2014.
Correspondingly, the Group’s earnings per share rose 27% from 18.9 sen to 23.9 sen
per share in that same period.
In FY2015, the Drilling division secured a total of 14 opportunities worldwide,
comprising of 5 new contracts and 9 contract extensions – adding approximately RM
5.1 billion to the Group’s order book. This year, we took delivery of two new tender
barges, expanded operations in West Africa and completed two contracts in
Myanmar.
Offshore Construction and Subsea Services division took delivery of the Sapura
Diamante and Sapura Topazio and marked the start of our operations in Brazil. Both
Brazilian PLSVs were delivered ahead of schedule and currently operating at more
than 99% utilisation. In addition, we also took delivery of SK 1200 and SK 3500
which have successfully completed their maiden projects in China and Thailand.
The Fabrication, Hook-up and Commissioning division successfully completed key
projects including the fabrication of TTM EVA platform, the commissioning and hookup of the Kebabangan platform and the completion of brownfield works for
Samarang Phase 2. This year saw the start of brownfield works in the Tapis EOR
project for ExxonMobil. In total, we won contracts to build 11 offshore structures this
year totaling RM 2.17 billion in value. The most recent projects include EPCC of
Baronia & Tukau WHPs for Petronas Carigali and Phase 3 Brownfield work for CPOC.
The Energy division produced 5.1 mmboe from our Peninsula Malaysia fields. We had
a 100% exploration success rate with 5 significant gas discoveries in SK408 totaling
more than 3TCF of gas. We also signed two new exploration blocks in Sabah (SB331
& SB332) and signed a USD400 million acquisition of 3 Production Sharing Contracts
in Vietnam with Petronas Carigali. These additions position us well for future growth
through expansion to new markets.
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Going forward, we expect the market to remain challenging due to volatility in oil
prices. However, we have operated and thrived in challenging markets. We are
confident with our continued focus on operational effectiveness, cost optimization
and our aggressive drive to win new businesses worldwide.
HIGHLIGHTS
• SapuraKencana Petroleum Berhad reports FY2015 revenues of RM 9.9 billion,
an increase of 19% compared to FY2014.
• SapuraKencana Petroleum Berhad reports FY2015 profits before tax of RM
1.6 billion, an increase of 34% compared to FY2014.
• SapuraKencana Petroleum Berhad reports FY2015 profit after tax of RM 1.4
billion, an increase of 32% compared to FY2014 and earnings per share of
23.9 sen for FY2015.
– End –
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About SapuraKencana Petroleum Berhad
SapuraKencana Petroleum Berhad (“SapuraKencana”) is a full-fledged upstream
player and one of the world’s largest integrated oil and gas services and solutions
providers. SapuraKencana’s full spectrum of capabilities covers the entire value chain
of exploration, development, production, rejuvenation, and decommissioning and
abandonment. With a multinational workforce comprising 51 nationalities and over
13,000 people, comprehensive world-class assets and project management
capabilities, the Group’s global presence can be seen in over 20 countries including
Malaysia, China, Australia, Brazil, the United States of America, as well as those in
Western Africa, and the Middle East.
Learn more at www.sapurakencana.com
For media enquiries, please contact:
Rajan Moses
Sapura Group
Tel: +6 012 209 6326
Email: [email protected]
Elina Baseri
Corporate Communications
SapuraKencana Petroleum Berhad
Tel: +603 6209 5654
Fax: +603 6209 5733
Email: [email protected]
Erlyna Erwyn
Corporate Communications
SapuraKencana Petroleum Berhad
Tel: +603 6209 7664
Fax: +603 6209 5733
Email: [email protected]
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