SapuraKencana wins $125M contract for gas pipeline project

WCN Editorial Team 1 Aug 2016 EUROPE ENERGY & UTILITIES

SapuraKencana TL Offshore has won a MYR510M ($125M) contract for the Trans Anatolian Natural Gas Pipeline (TANAP) offshore Dardanelles Strait in the Sea of Marmara.


The company, a subsidiary of Malaysia's SapuraKencana Petroleum, will be responsible for the engineering, procurement, construction and installation (EPCI) of offshore pipelines and fibre optic cables for TANAP.

SapuraKencana’s president and group CEO Shahril Shamsuddin said: “This contract win demonstrates that our transformation and strategies are continuing to enhance our competitiveness globally.

“Our cost reduction efforts and increased operational effectiveness have driven this enhanced competitiveness that has helped us to secure our latest wins in Mexico and TANAP, both totalling just under RM1bn. These wins will contribute positively to the group’s performance.”

The project is set to start in the third quarter of 2016 and will be completed in the third quarter of 2018.

TANAP is a natural gas pipeline project that connects the continents of Europe and Asia, to supply natural gas from the Southern Gas Corridor project in Azerbaijan through Georgia and Turkey to Europe.

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