Quick take: Sapura Energy slips despite RM2.7bil contracts win

TheStar Fri, Jun 17, 2022 10:08am - 2 years View Original


KUALA LUMPUR: Shares in Sapura Energy Bhd edged down in early trade amid a weak broader market.

The oil and gas services integrated oil and gas services provider declined 0.5 sen to 4.5 sen. It is currently the most active counter with 141.54 million shares traded.

Sapura Energy’s drilling and engineering and construction business segments, through its wholly-owned subsidiaries and joint-venture, have secured six major contracts in the Asia-Pacific and Atlantic region with a combined value of RM2.7bil.

It said RM176mil from the combined value was contributed by its joint-venture company.

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