- Business
- Sapura Energy Berhad (5218.KL) is an integrated oil and gas services company providing engineering, procurement, construction, installation, and commissioning services; drilling services through its jack-up rigs and tender-assisted drilling rigs; and subsea services including remotely operated vehicles, diving support, and subsea construction to upstream oil and gas players. The company offers additional services such as fabrication of offshore structures and modules, maintenance of production facilities, well services, and logistics support across the energy sector. Founded in 1975 and headquartered in Kuala Lumpur, Malaysia, Sapura Energy operates primarily in Southeast Asia, with projects in Australia, the Middle East, and Africa, targeting national oil companies, international oil majors, and independent producers. In recent developments, the company completed a major debt restructuring in 2023, reducing its borrowings and stabilizing its balance sheet following financial challenges; it also secured new contracts worth over MYR 1 billion for drilling and engineering services in 2024-2025. Sapura Energy formed strategic partnerships with technology providers for digital transformation in subsea operations and expanded its fleet capabilities through rig upgrades. These changes position the company for growth amid recovering oil prices and energy transition demands as of late 2025.