Sapura Energy Bhd has secured significant contracts and streamlined operations as it seeks to improve profitability and reduce debt, positioning itself as a competitive player in the Malaysian oil and gas industry.

Information on the Target

Sapura Energy Bhd is a leading integrated oil and gas services provider based in Malaysia, specializing in engineering, procurement, construction, installation, and commissioning (EPCIC). The firm, which is publicly traded on Bursa Malaysia, has a diverse portfolio that includes both upstream exploration and production and downstream services. Recently, the company has been refocusing its strategy to enhance operational efficiencies and reduce debt by considering a rights issue of up to RM4 billion.

In its third quarter for the fiscal year ending October 31, 2018, Sapura Energy reported a narrower net loss of RM31.09 million compared to RM274.41 million for the same period the previous year, reflecting a positive trend driven by a revenue increase of 17.4% to RM1.5 billion. This improvement underscores the company’s recovery efforts amidst challenging market conditions.

Industry Overview in Malaysia

The oil and gas industry in Malaysia plays a vital role in the national economy, contributing significantly to revenue and employment. With the discovery of new reserves and advancements in exploration technologies, the Malaysian