Tan Sri Dato Seri Shahril Shamsuddin is the CEO of SAPURA ENERGY BERHAD and also he is the Group Chief Executive Officer of Sapura Energy in Malaysia. Shahril Shamsuddin is a member of the Board of Governors for the Asia School of Business.
SAPURA SEALS DEAL WITH OMV AGREEMENT. STUDIES OF SHAHRIL SHAMSUDDIN. SAPURA ENERGY AND OMV SHARE MEMBERSHIP AGREEMENT. Malaysia’s Sapura Energy and Austria’s OMV have consented to a share membership agreement and an investors’ agreement to form a strategic partnership.
Sapura and OMV entered into a head of investors’ agreement to form a strategic partnership and for OMV to procure half of Sapura Upstream back in September. The two organizations signed to a share membership arrangement and an investors’ concurrence on Friday, November 9. OMV said on Friday that, under the agreements, OMV Exploration and Production, an auxiliary of OMV, would purchase a half stake of the issued share capital in a recently framed joint endeavor organization, SEB Upstream Sdn Bhd (SUP). UPSTREAM BUSINESS TO SAPURA ENERGY UNIT VENTURES AUSTRALIA SAID BY SHAHRIL. SAPURA ENERGY SECURED THREE NEW CONTRACTS. KUALA LUMPUR: Sapura Energy Bhd has secured three new contracts and an agreement extension value at about RM815 million in Australia, Brunei, Malaysia, and Nigeria, bringing the group’s aggregate value in contract wins in the current financial year-to-date to RM5.3 billion.
President and group CEO Tan Sri ShahrilShamsuddin said continued high oil costs had energized recovery in ventures, which is driving increased activities. SAPURA ENERGY EXPLORATION AND PRODUCTION. SAPURA ENERGY 3Q NET LOSS NARROWS SIGNIFICANTLY HIGHER REVENUE. KUALA LUMPUR(Dec 6): Sapura Energy Bhd’s net loss for its second from last quarter finished Oct 31, 2018, limited fundamentally to RM31.09 million from RM274.41 million every year prior, on higher income commitment.
Quarterly income became 17.4% to RM1.5 billion from RM1.28 billion beforehand, the group said in a recording with Bursa Malaysia. It ascribed the increase in income to a higher commitment from its engineering and construction (E&C), and investigation and production, business fragments. Be that as it may, for the aggregate nine-month time frame finished Oct 31, 2018, Sapura Energy’s net loss broadened to RM292.88 million from RM217.95 million in the past relating period, because of lower income from its E&C and drilling business sections. Loss per share for the period was higher at 4.92 sen from 3.66 sen a year back. Income, in the interim, fell 18.9% to RM3.82 billion from RM4.71 billion in the past nine months. “Our prosperity can be ascribed to our people. SAPURA ENERGYS 3RD QUATER RESULTS WILL NOT DENT COMPANY. KUALA LUMPUR: SAPURA ENERGY Bhd will have the capacity to ride over the testing second from last quarter money related outcomes finished September because of its solid essentials, strong request book of RM18.2 billion, bouncing back unrefined petroleum costs and also full help of its larger part investor, Permodalan Nasional Bhd.
Examiners and industry sources said these are testing times because of the repetitive idea of unrefined petroleum, however, SAPURA ENERGY is very much ready to disregard headwinds and rise more grounded than previously. The oil and gas mammoth is relied upon to report its second from last quarter results on Bursa Malaysia tomorrow. SAPURA ENERGY BAGS DRILLING CONTRACTS WORTH US$184MN.
SAPURA ENERGY Berhad has reported that it has secured a US$184.6mn contract for drilling and engineering and development organizations in Angola throughout the following two years.
The Malaysian oil and gas service organization said the agreement in Angola was granted by Cabinda Gulf Oil Company Limited, a subsidiary of Chevron Corporation, for the provision of its semi-submersible tender helped drilling rig, Sapura Jaya. The agreement included drilling works in the Angolan waters for a time of two years with expansion alternatives. The Project work involved utilizing a first of its type of specialized tech solution for enhancing proficiency for the drilling effort, the organization included. The organization additionally expressed that notwithstanding the drilling works contract in Angola, it has also acknowledged an extension of its agreement with Sarawak Shell Bhd and Sabah Shell Petroleum Co Ltd for the Provision of Sapura Esperanza, a semi-submersible tender helped drilling rig.
Sapura Energy wins 'company of the year' at Asia Pacific Energy Awards. SAPURA LONG TERM PROSPECTS SEEN STAY STRONG. SHAHRIL SHAMSUDDIN As for the RM1 billion Islamic redeemable convertible preference shares (RCPS-i) issued at 41 sen each on a two RCPS-i-for-five shares ratio, the group received valid acceptances of 2.4 billion for the 2.1 billion available for subscription, translating into an oversubscription rate of 1.2%.
Together with a proposed 50% equity stake in Sapura Upstream to Austria-based OMV Aktiengesellschaft for an enterprise value of US$1.6 billion (RM6.62 billion), we estimate that Sapura Energy’s net profit will surge 2.2 times for the financial year 2020 forecast (FY20F) and 46% for FY21F from the substantive cuts in interest costs, partly offset by the upstream earnings deconsolidation. Additionally, this will cut the group’s FY20F net gearing from 1.7 times to a comfortable 0.5 times. Notwithstanding its improving earnings outlook, the stock currently trades at half its ex-price-to-book value of 0.4 times due to medium-term concerns over the rights share overhang.
OIL AND GAS EXPLORATION OF SAPURA ENERGY. PETALING JAYA: Sapura Energy Bhd, which is saddled with the net obligation of marginally more than RM15bil, has ventured up plans to decrease it’s equipping with a proposed transfer of a half stake in its oil and gas Exploration and production (E&P) arm to Austria’s OMV Aktiengesellschaft (OMV AG).
In the event that everything works out as expected, Sapura Energy could see its gearing drop to 0.7 times contrast with 1.7 times at present. Investigators, for the most part, have a cautious view on the proposed half stake transfer of Sapura Upstream Sdn Bhd, pending finalization and more subtleties on the transaction. As indicated by an investigator, the fulfillment of the previously reported proposed rights issue would lessen Sapura Energy’s adapting proportion to about 0.9 times, while the half stake deal would shave the gearing proportion down to an expected 0.7 times.”With an offering book of about US$7.4bil worth of projects, the group is hoping to win huge projects going ahead.
SHAHRIL SHAMSUDDIN TALKING IN WORLD ECONOMIC FORUM ON ASEAN. The Association of Southeast Asian Nations (ASEAN) is a political and monetary association went for advancing financial development and provincial solidness among its individuals.
It was set up in August 1967 with only five individuals – Indonesia, Malaysia, the Philippines, Singapore, and Thailand. From that point forward, it has gained unprecedented ground. Today there are 10 part states Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Laos, Myanmar, Cambodia, and Vietnam. ASEAN has the greatest populace of any geopolitical alliance totaling more than 600m individuals (about 10% of the total populace).
Its part states have joined GDP of $2.5tn, up from $1.3tn seven years prior. SAPURA ENERGYS 3RD QUATER RESULTS WILL NOT DENT COMPANY. KUALA LUMPUR: Sapura Energy Bhd will have the capacity to ride over the testing second from last quarter money related outcomes finished September because of its solid essentials, strong request book of RM18.2 billion, bouncing back unrefined petroleum costs and also full help of its larger part investor, Permodalan Nasional Bhd.
Examiners and industry sources said these are testing times because of the repetitive idea of unrefined petroleum, however, Sapura Energy is very much ready to disregard headwinds and rise more grounded than previously. The oil and gas mammoth is relied upon to report its second from last quarter results on Bursa Malaysia tomorrow. Industry eyewitnesses state oil and gas industry will confront a poor money related outcomes in the second from last quarter of this current year primarily because of feeble raw petroleum costs. “Shahril has over 20 years involvement in the oil and gas segment and he is sufficiently experienced to pivot the firm. TAN SRI DATO SERI SHAHRIL SHAMSUDDIN. Very little changed to Tan Sri Shahril Shamsuddin since the first occasion when I met him eight years prior.
At 52 years old, these oil and gas business visionaries still keep up their attractiveness are still great at jokes. Once inside the restaurant, Shahril pulled his seat and snickered in the wake of joking that he and his accomplice DatukMokhzani Mahathir were the most debtors in the nation. BEST CEO OF SAPURA ENERGY BERHAD. SHAHRIL SHAMSUDDIN ATTEND WORLD ECONOMIC FORUM. The World Economic Forum indicate was around the local area this week, attracting in a swarm of people in dull suits, propelling thousand of discussions generously peppered with popular buzzwords, and giving individuals in Kuala Lumpur a little taste of what Davos in Switzerland must resemble toward the end of January consistently.
That is short the snow, obviously. Davos is best known as the venue for the WEF Annual Meeting, which the coordinator says is “the chief inventive power for engaging on the planet’s best heads in communitarian activities concentrated on molding the worldwide, regional and industry motivation”. Indeed, even subsequent to limiting the superlatives and self-advancing tone, that depiction is as yet not a long way from the way that those meetings do collect a ton of huge names in government, business, and common society to examine the world’s most recent patterns and issues. Over these, the Forum also assembles regional meeting.
SHAHRIL SHAMSUDDIN ENCOURAGING ORGANIZATION WITH WORLDWIDE FIRMS. SAPURA Energy Bhd (SEB) is available to encouraging organization with worldwide firms for the penetrating section and is in chats with a few potential partners, said Group President and CEO Tan Sri Shahril Shamsuddin. He said his organization needed to achieve partnership agreements, for example, the as of late finished up concurrence with OMV Aktiengesellschaft (OMV AG) from Austria. An organization with OMV AG expects to encourage the foundation of a joint endeavor organization through a 50 percent stake in SEB gas investigation and generation arm, Sapura Upstream Sdn Bhd. “We are in converses with some outside organizations coming to us, are as yet searching for the best potential associations at the best costs,” he told correspondents after the organization’s extraordinary general meeting (EGM) here today.
BOARD OF GOVERNOR IN ASIA SCHOOL OF BUSINESS. Tan Sri Dato’ Seri Shahril Shamsuddin Tan Sri Dato’ Seri Shahril Shamsuddin Who is the President and Group Chief Executive of Sapura Energy Berhad. He is conjointly the President and Group Chief Executive of Sapura Group, a Malaysian-based conglomerate that operates in numerous segments that embody secured communication technologies, aviation, automotive producing and property investment. Tan Sri Dato’ Seri Shahril could be a member of the Massachusetts Institute of Technology (MIT) Sloan Asian government Board and a member of the Board of Governors for the Asia School of Business. He’s an energetic participant at the World Economic Forum. Tan Sri Dato’ Seri Shahril was presented associate unearned doctor’s degree in Technology Management by the University Technologies Asian country (UTM) it might be 2013.
He’s conjointly a member of the Board of Trustees of the UTM endowment. TAN SRI SHAHRIL SHAMSUDDIN - ONE OF THE MEMBERS IN ASEAN BUSINESS CLUB. BIO OF TAN SRI DATO SERI SHAHRIL SHAMSUDDIN.