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[公司专区] 5218 SAPNRG 沙布拉肯油 (前名 SKPETRO)

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发表于 2012-11-5 08:59 | 显示全部楼层
SKPETRO-SUSPENSION OF TRADING

SAPURAKENCANA PETROLEUM BERHAD

LISTING'S CIRCULAR NO. L/Q : 66412 OF 2012

Kindly be advised that at the request of the above Company, the trading in the above securities will be suspended with effect from 9.00 a.m., Monday, 5 November 2012 pending an announcement.

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发表于 2012-11-5 11:41 | 显示全部楼层
会宣布什么东西呢?

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发表于 2012-11-5 15:19 | 显示全部楼层
沙肯石油訂單達145億
投資致富  2012-11-04 19:19
http://biz.sinchew.com.my/node/66884

葉先生問:

沙肯石油(SKPETRO,5218,主板貿服組)的前景如何?公司的主要業務是甚麼?主席是誰?該股是否可以買入?


答:沙肯石油是一家油氣服務公司,主要涉足油氣工程、採購、操作等,同時提供其他油氣服務,如鑽油和深水服務。該公司主席是拿督韓查,副主席是拿督莫扎尼,總裁兼首席執行員為沙里爾三蘇丁。


根據肯納格研究,沙肯石油最近的訂單達145億令吉,大幅超越同儕。該公司的競標訂單達250億令吉,肯納格看好該公司作為市場領航者的優勢,有望持續攫取更多訂單,更重要的是,該公司致力強化資產,進一步支撐攫獲新訂單的機會。


肯納格估計,該公司2年的淨利複合成長率為25.8%,同時預見,龐大訂單和Berantai油田的貢獻將支持2013至2014財政年淨利。肯納格相信,該公司2015財政年後的盈利顯著走高,歸功於巴西國營石油公司(Petrobras)合約的啟動、Berantai全年盈利貢獻、資產流動化的成本節制潛力。


另外,政府在預算案中捎來液化天然氣公司稅首3年減稅,油氣領域公司獲得10年免稅等措施,令油氣業成為2013年度財政預算案的最大受惠者之一,在油氣合約流錦上添花下,油氣股後市看俏。


分析員皆予沙肯石油“買進"評級,目標價介於2令吉74仙到2令吉80仙。該股是肯納格末季的首五大首選股之一。(星洲日報/投資致富‧投資問診室)

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发表于 2012-11-5 17:00 | 显示全部楼层
SAPURAKENCANA PETROLEUM BERHAD

Type        Announcement
Subject        OTHERS
Description        SAPURAKENCANA PETROLEUM BERHAD (FORMERLY KNOWN AS SAPURA-KENCANA PETROLEUM BERHAD) (“SAPURAKENCANA” OR “COMPANY”)

MEMORANDUM OF UNDERSTANDING RELATING TO THE PROPOSED COMBINATION AND INTEGRATION OF THE RESPECTIVE TENDER RIG BUSINESSES OF SAPURAKENCANA AND SEADRILL LIMITED (“PROPOSED TRANSACTION”)

On behalf of SapuraKencana, we wish to announce that the Company, had today entered into a non-binding memorandum of understanding with Seadrill Limited (“Seadrill”) with respect to the proposed combination and integration of the tender rig businesses of both SapuraKencana and Seadrill.


Further details on the Proposed Transaction are set out in the attached file.


In addition, the press release dated 5 November 2012 entitled “SapuraKencana Petroleum Berhad and Seadrill Limited Jointly Announce the Integration of Tender Rig Businesses” is attached.

This announcement is dated 5 November 2012.

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发表于 2012-11-5 17:09 | 显示全部楼层
SapuraKencana buying Seadrill tender rig business for US$2.9b (Update)
By Joseph Chin




KUALA LUMPUR: SapuraKencana Petroleum is buying the rigs business including the full tender rig organisation from Seadrill Ltd for an enterprise value of US$2.9bil.

Seadrill said on Monday the total enterprise value included US$363mil in remaining capital expenditures linked to the newbuilds programme and all the debt in the tender rig business including existing bank facilities of about US$800mil as Dec 31, 2012.

"Seadrill will, to support this position, receive a minimum of US$350mil in new shares of SapuraKencana. This comes in addition to the 6.4% stake that Seadrill presently owns in SapuraKencana," it said.

Both companies had entered into a non-binding memorandum of understanding to combine and integrate both companies' tender rig businesses. Seadrill said the enlarged tender rig business under SapuraKencana would comprise, 16 tender rigs in operation, and an additional five units currently under construction.

"In addition SapuraKencana would also be offered the right to be the manager for three further tender rigs which are not part of the transaction," it said.

Seadrill said the operating rigs and the newbuilds were currently contracted under long-term fixed price contracts with Chevron, Shell, PTTEP, and Petronas Carigali.

"The total order backlog amounts to US$1.55bil as of end of October 2012. The majority of the operating rigs are currently deployed in Southeast Asian waters. Of the 15 operating rigs, nine are barges and six are semi-tenders, which are capable of operating in water depths of up to 6,500 feet," it said.

Seadrill said one of the main objectives of the transaction is to develop a strong leading player in the Far East market.

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发表于 2012-11-5 17:26 | 显示全部楼层
獲8.36億工程‧沙肯石油3年盈利可期
熱股評析 2012-11-02 19:12

(吉隆坡2日訊)沙肯石油(SKPETRO,5218,主板貿服組)攫取兩項總值達8億3千600萬令吉之油氣工程,使其工程總值迄今累積達153億令吉,寫下大馬油氣史上新高,也使其未來3年盈利清晰可期。

分析

隨著國內外加緊岸外油氣發展步伐,以其250億令吉的競標計劃,分析員預期未來將獲取更多油氣工程,最近所獲上述工程預測可獲盈利8千400萬令吉。

受上述消息激勵,該股以全日最高2令吉71仙閉市、起10仙。

黃氏唯高達說,沙肯石油是國家石油(Petronas)的首選,因為具備已建立口碑的綜合油氣服務業,其250億令吉競標顯示有健全的工程汰換率。

所獲取工程包括獲國油探勘頒發的7億令吉水底服務(檢核、維修保養)工程,和1億3千600萬令吉由Hess公司頒發的北馬來盆地的油井平台鑄造工程。

該行認為,股價已在5月間納入研究後,飆高25%。未來重估催化劑來自國油的龐大資本開銷,認為仍是價廉的油氣大資本股,把調高目標價由2令吉70仙至3令吉。

聯昌研究把沙肯石油列為首選大資本油氣股,投資者可趁機累積;預測3年期平均複合增長率為40.1%,每年可獲30億至40億令吉汰換工程。

馬銀行研究估計,憑上述兩項工程未來3年獲可8千400萬令吉盈利,這是以10%賺益計算。基於負債仍低,只維持0.6倍負債比,預料近期將購買新的油油氣資產,以在配備完備情況進一步擴大業務。

http://biz.sinchew.com.my/node/66835

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发表于 2012-11-5 17:36 | 显示全部楼层
SapuraKencana and Seadrill to merge rig operations

KUALA LUMPUR--SapuraKencana Petroleum Bhd. , a Malaysian oil and gas service provider, plans to acquire rigs owned by Norway's SeaDrill Ltd. for an enterprise value of $2.9 billion, as part of plans to merge the companies' rig businesses.

The combined business under SapuraKencana will own 16 rigs mostly deployed in Southeast Asian waters with another five currently under construction, SapuraKencana and Seadrill said in a joint statement filed to the Malaysian stock exchange Monday. The rigs businesses had an order backlog worth $1.55 billion at the end of October, the companies said.

"One of the main objectives of the transaction is to develop a strong leading player in the Far East market," the statement said, adding that Seadrill will receive a minimum of $350 million worth of new shares in SapuraKencana.

CIMB Investment Bank, Goldman Sachs and Maybank Investment Bank were appointed advisors to SapuraKencana for the transaction.

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发表于 2012-11-5 18:22 | 显示全部楼层
沙布拉肯油 90億購鑽井平台業

    財經

05/11/2012 17:23
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 (吉隆坡5日訊)沙布拉肯油(SKPETRO,5218,主要板貿易)宣布以29億美元(約88.9億令吉)企業價值,收購Seadrill有限公司的鑽井平台業務。

 Seadrill有限公司將因此獲得沙布拉肯油3億50000萬美元(約10.7億令吉)的新股。

 目前,Seadrill有限公司持有沙布拉肯油6.4%股權。

 沙布拉肯油因與Seadrill有限公司簽約,今日為此停牌。

 沙布拉肯油今早宣布停牌,午后向馬證交所報備合作內容;該股上週五閉市報2.71令吉,揚10仙。

 沙布拉肯油向馬證交所報備要求停牌1日,今日早上9點至下午5點暫停交易。

 該股2週以來股價漲幅平緩,上週五則因獲得新合約而受到激勵,從2.61漲至2.71令吉,成交量3008萬8600股。

 該公司于上週四向馬證交所報備,旗下子公司分別獲馬石油探勘(Petronas Carigali)及HESS探勘頒發合約,總值高達8.4億令吉。

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发表于 2012-11-5 22:21 | 显示全部楼层
沙布拉肯查纳88亿购油井
財经 2012年11月5日

(吉隆坡5日讯)沙布拉肯查纳石油(SKPETRO,5218,主板贸服股)週一宣布暂停交易一个交易日,以公布其与Seadrill有限公司签署谅解备忘录,以整合各自的竞標钻油台业务。

在该协议下,沙布拉肯查纳石油將以29亿美元(约88.9亿令吉)的企业价值,向Seadrill有限公司收购其100%油井业务,並透过承担债务、发新股和现金方式支付。

根据该公司发出的文告,沙布拉肯查纳石油將承担Seadrill钻油台业务仍未投入的3亿6300万美元的资本开销,以及截至12年12月31日的约为8亿美元债务。

因此,剩余献购价值为17亿3700美元,当中的3亿5000万美元將透过发出沙布拉肯查纳石油新股支付,Seadrill在沙布拉肯查纳石油持股权將在完成献购后增至13%。其余13亿8700万美元则预计透过混合借贷、內部资金及发出高达1亿8700万美元的卖家短期票据(Seller's note)方式完成。

此外,Seadrill將委任两名代表成为沙布拉肯查纳石油的董事成员,其中主席费利森(John Fredriksen)將是当中成员之一。

《路透社》报导指出,Seadrill董事拓奥雷拓恩(Tor Olav Troeim)表示,该公司或將从这笔交易中取得12至14亿美元现金,这必须视双方如何对1亿8700万令吉卖家短期票据达成协议。

同时,Seadrill主席费利森指出,该公司將把这次交易所取得现金,重新部署作为积极扩展深水船队和开拓新领域-升降式(Jack up)投资,该领域近期展现出强劲改善讯號。

合作推动多项计划

与此同时,在该协议下,沙布拉肯查纳石油也与Seadrill持40%股权子公司-Archer有限公司的联营,以在远东亚洲市场推动后者电缆(wireline)服务;沙布拉肯查纳石油也会与Seadrill合作推动在巴西建造管道铺设支援船(PLSV)计划。

上述油井业务的整合將有助提供一个策略平台,为股东们增值;沙布拉肯查纳石油希望能进一步强化其业务性质,以覆盖更多高赚幅油井业务,和扩大规模。

在完成该整合后,沙布拉肯查纳石油扩將拥有16个营运中的钻油台。这项交易的价值仍须视沙布拉肯查纳石油精密审核(due diligence)的结论而定。

沙布拉肯查纳石油將在週二恢復交易。

http://www.orientaldaily.com.my/ ... 4:88&Itemid=198

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发表于 2012-11-6 09:23 | 显示全部楼层
SapuraKencana buys Seadrill's rig business

SapuraKencana Petroleum Bhd is buying the rig business, including the full tender rig organisation from Norway's Seadrill Ltd for an enterprise value of US$2.9 billion (RM8.9 billion).


The two firms yesterday announced that they have entered into a non-binding memorandum of understanding (MoU) to combine and integrate both companies' tender rig businesses.

In a statement, SapuraKencana said the total enterprise value included US$363 million (RM1.1 billion) in remaining capital expenditures linked to the newbuilds programme and all the debt in the tender rig business, including existing bank facilities of about US$800 million (RM2.4 billion) as of December 31 2012.

Of the remaining consideration of US$1.74 billion (RM5.3 billion), it said US$350 million (RM1.07 billion) of the consideration will be satisfied by the issuance of new ordinary shares of RM1 each in SapuraKencana, increasing Seadrill's voting interest in SapuraKencana to about 13 per cent from the current 6.4 per cent after the proposed transaction.

The balance of US$1.39 billion (RM4.3 billion) is expected to be financed through a mix of external borrowings, a seller's note issued (reflecting an amount owing) to Seadrill amounting to up to US$187 million (RM572 million), internally generated funds and equity.

Upon completion of the proposed transaction, the enlarged tender rig business under SapuraKencana will comprise 16 wholly-owned tender rigs in operation, including the KM1 rig currently owned by SapuraKencana), five of which are currently 51 per cent owned and managed through its existing joint venture with Seadrill via Varia Perdana Sdn Bhd and Tioman Drilling Company Sdn Bhd.

It will also include an additional five units that are currently under construction, three of which will be acquired through the proposed transaction and are expected tp be delivered in 2013.

In addition, SapuraKencana will also be offered the right to be the manager for three tender rigs which are not part of the proposed transaction.

These rigs, namely West Vencedor, T-15 and T-16 are currently either owned or planned to be owned by Seadrill Partners LLC and are therefore not included in the proposed transaction.

According to the statement, the operating rigs and the newbuilds are all currently contracted under long-term fixed price contracts with companies such as Chevron, Shell, PTT EP, and Petronas Carigali.

"The total backlog amounts to US$1.55 billion (RM4.7 billion) as of end of October 2012, with the majority of the operating rigs currently deployed in Southeast Asian waters," it said.

SapuraKencana said one of the main objectives of the transaction is to develop a strong leading tender rig player in the Far East market.

The MoU further stipulates that the parties will seek to grow their joint venture activities in Brazil where they were awarded three PLSV contracts by Petrobras in 2011.



http://www.btimes.com.my/Current_News/BTIMES/articles/20121105233530/Article/index_html

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发表于 2012-11-6 10:07 | 显示全部楼层
一度上到2.92~

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发表于 2012-11-6 10:35 | 显示全部楼层
快点破RM3....haha....MAYBANK new Target Ptice RM4....

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发表于 2012-11-6 11:06 | 显示全部楼层
快半翻了。上啊!!!

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发表于 2012-11-7 09:57 | 显示全部楼层
購Seadrill油井拓全球業務
沙肯石油兩年盈利料增36%

熱股評析 2012-11-06 19:04

(吉隆坡6日訊)沙肯石油(SKPETRO,5218,主板貿服組)建議以近90億令吉收購Seadrill公司所有鑽油井,掌控全球鑽油井市場的51%份額,分析員一致看好這項積極的全球拓展計劃將明顯推高未來兩年的盈利成長。

掌控全球鑽油井市場51%

最新宣佈引來龐大購興,該股今日應聲上揚,最高升至2令吉93仙,寫下合併以來的新高。過後收窄漲幅,終場掛2令吉88仙,全天上揚17仙或6.27%,共4千690萬3千900股易手,為全場第三大熱門。

該公司昨日宣佈,建議以29億美元(約87億7千萬令吉)收購Seadrill公司的所有鑽油井,將旗下鑽油井增加16個,加上興建中的5個、負責管理的3個,該公司旗下鑽油井將一舉增至24個。

Seadrill增持沙肯石油至13%

由於部份資金將透過股票融資,交易完成後,Seadrill在沙肯石油的持股權將從目前的6.4%增至約13%。

馬銀行研究指出,這些資產擁有穩定的6年15億5千萬美元訂單,促使該公司未來兩個財政年的每股盈利成長36%,每年約為4億至5億令吉。

黃氏唯高達表示,假設66%資金來自貸款,這項交易將明顯推高該公司2014和2015財政年的每股盈利39%和34%,因Seadrill公司的業務賺幅甚高。

不過,該行也提醒,該公司的負債比也將跟著從0.6倍提高到1.2倍。

接下來,該公司和Seadrill公司將合作競標巴西的油管鋪設工程,也會攜手Seadrill公司屬下40%公司Archer公司進軍細管市場,進一步多元化營收來源。



http://biz.sinchew.com.my/node/66960?tid=18

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发表于 2012-12-4 11:01 | 显示全部楼层
勿蘭帶氣田投產‧沙肯石油3年財測保持
熱股評析 2012-12-04 08:48

(吉隆坡3日訊)沙肯石油(SKPETRO,5218,主板貿服組)半島勿蘭帶氣田10月間已開始投產,並由國油探勘30公里海底氣管輸送至半島供氣系統,分析員看好此行動,但基於距離財政年結束只有2至3個月,維持今、明、後3個財政年財測不變。

肯納格研究對這項發展看法正面,早前曾因浮式生產儲存卸貨船(FPSO)問題而由2012年初延宕,對下財政年衝擊中和,因已把下財政年的3千零60萬令吉盈利計算在內。

維持2013與2014財政年淨利預測,分別為4億9千560萬令吉與7億4千400萬令吉。將於今年杪公佈2013財政年第一季業績。

該股閉市時跌2仙,掛2令吉81仙。

該行說,沙肯石油最近以近90億令吉收購Seadrill公司所有鑽油井,掌控全球鑽油井市場的51%份額,這項收購案明年完成。分析員看好在原有強勢的綜合工程、採購、施工、安裝與啟動(EPCIC)工程服務基礎上,將更添獲取工程之勝券。

豐隆研究也對此看法正面,維持淨利預測,認為這方面的正面發展有助持續鞏固股價表現;股價有7.7%至38.3%上漲空間,維持“買進"評級。

http://biz.sinchew.com.my/node/67952

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发表于 2012-12-4 12:18 | 显示全部楼层
沙布拉肯油小油田投产
财经新闻财经 2012-12-04 09:10

(吉隆坡3日讯)沙布拉肯油(Skpetro,5218,主板贸服股)表示,大马半岛岸外的Berantai小型油田,已从10月20日开始生产天然气。

沙布拉肯油指出,有关发展包括井口装置、连接浮漂式库存与卸货船,即浮式生产储油轮(FSPO)。

根据2011年1月31日的风险服务合约,Berantai小型油田是沙布拉肯油独资子公司———沙布拉能源投资私人有限公司与肯油能源私人有限公司,以及Petrofac能源发展私人有限公司的联营计划。

这是国家石油首次在国内颁发的风险服务合约。

Berantai油田位于登嘉楼岸外150公里、Tapis油田的南部10公里和Angsi油田的东北部30公里处。

http://www.nanyang.com/node/495621?tid=462

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发表于 2012-12-10 19:27 | 显示全部楼层
本帖最后由 blazer 于 2012-12-10 19:29 编辑

Quarterly rpt on consolidated results for the financial period ended 31/10/2012
SAPURAKENCANA PETROLEUM BERHAD

Financial Year End31/01/2013
Quarter3
Quarterly report for the financial period ended31/10/2012
The figureshave not been audited

SUMMARY OF KEY FINANCIAL INFORMATION
31/10/2012


INDIVIDUAL PERIOD

CUMULATIVE PERIOD

CURRENT YEAR QUARTER

PRECEDING YEAR
CORRESPONDING
QUARTER

CURRENT YEAR TO DATE

PRECEDING YEAR
CORRESPONDING
PERIOD

31/10/2012

31/10/2011

31/10/2012

31/10/2011

$$'000

$$'000

$$'000

$$'000

1Revenue

2,215,524

745,757

4,954,863

1,995,968

2Profit/(loss) before tax

261,315

136,400

621,902

397,195

3Profit/(loss) for the period

204,611

119,488

473,996

339,800

4Profit/(loss) attributable to ordinary equity holders of the parent

182,519

83,135

400,702

233,712

5Basic earnings/(loss) per share (Subunit)

3.65

0.00

8.01

0.00

6Proposed/Declared dividend per share (Subunit)

0.00

0.00

0.00

0.00



AS AT END OF CURRENT QUARTER

AS AT PRECEDING FINANCIAL YEAR END

7
Net assets per share attributable to ordinary equity holders of the parent ($$)

1.2400

0.0000


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发表于 2012-12-11 15:29 | 显示全部楼层
SKPETRO

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发表于 2012-12-12 09:04 | 显示全部楼层
Analysts positive on SapuraKencana Petroleum, order book to hit RM18bil

PETALING JAYA: Analysts are positive on SapuraKencana Petroleum Bhd's future prospects despite it recording a dip in third-quarter core net profit.

AmResearch estimated that SapuraKencana's order book would slid 9% quarter-on-quarter to RM13bil but added that this would surge to RM18bil with the inclusion of the RM4.8bil built-in charter contracts for the 16 new tender rigs which would be acquired from Seadrill and expected the company to secure RM5bil to RM6bil annually with potential tenders of over RM30bil.

“Over the next few months, we still expect more news for hook-up, construction and commissioning (HUCC) works versus pure fabrication jobs.

“The tenders the group are bidding for include the RM8bil-RM10bil Pan-Malaysian umbrella HUCC contract, which is scheduled to be announced soon,” said AmResearch analyst Alex Goh.

The group's core third-quarter net profit declined 20% quarter-on-quarter to RM141mil largely due to lower drilling contributions, slower progress of offshore construction works and lower vessel utilisation rates for geotechnical vessels which were drydocked for repairs and maintenance.

He said the earnings decline was a surprise as the group's offshore HUCC and installation activities usually taper off towards the year-end monsoon period.

“As such, we expect the strong progress of works for the Pan-Malaysian umbrella installation contract in the first half to further slacken towards the end of the year while SapuraClough's work at Australia's Montara Development would have been completed.

“Offshore construction and subsea services accounted for 55% of the group's nine-month 2012 pre-tax profit,” he said.

While the group will be preparing for a rights issue to accommodate the recent acquisition of tender rigs from Seadrill, the research house continues to view the development as a re-rating catalyst which will re-accelerate its forward earnings momentum.

Affin Investment Bank has cut its fiscal year 2013 earnings per share (EPS) forecast by 6.8%, imputing the RM49.2mil forex loss, higher tax rate but better operational performance and raised its 2014 to 2015 forecast by 17%-30%, taking into account the earnings accretive acquisition of Seadrill's tender rig business.

“We continue to like SapuraKencana for its strong earnings growth, integrated business model, extensive oil and gas asset base, strong management track record and growing global footprint,” it said.

Looking forward, Hong Leong Investment Bank Research sees the partnership with Norwegian-based Seadrill as significant with competitive advantages when bidding for international jobs and maintaining its growth momentum.

“The results reaffirm our positive view on SapuraKencana as a proxy to global growth in offshore oil and gas production and a unique emerging market, large cap, integrated deepwater oil and gas services exposure.

“We remained positive about the company in light of our increasing bullish outlook for the offshore drilling and fabrication and hook-up and commissioning related jobs due to enhanced oil recovery and exploration activities involved with accelerating marginal field development,” it said.

http://biz.thestar.com.my/news/s ... 34&sec=business

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发表于 2012-12-27 09:03 | 显示全部楼层
SapuraKencana's breakthrough

WORLD-CLASS GOAL: SapuraKencana Petroleum Bhd’s US$2.9 billion Seadrill acquisition has, in one stroke, boosted the earnings and market share of the country’s largest oil and gas services provider. Zuraimi Abdullah looks into how the deal helps the group’s global ambition


SAPURAKENCANA Petroleum Bhd is not (yet) part of Bursa Malaysia's benchmark FBM KLCI constituents, despite being one of the largest non-Petronas linked players on the local bourse.

But the exclusion arguably does not bother SapuraKencana's Datuk Seri Shahril Shamsuddin and Datuk Mokhzani Mahathir much.

To them, SapuraKencana becoming a truly global player or a class leader is far more crucial.

Hence, when an opportunity knocked on the doors to make the group a bigger and stronger player, Shahril and Mokhzani happily answered it, although it had to part with a whopping US$2.9 billion (RM8.89 billion).

"It is an opportunity to create a truly global company, a class leader, an industry leader," said executive vice-chairman Mokhzani, giving a perspective on the acquisition of Norwegian firm Seadrill's tender rig assets recently.

"This deal is a very unique opportunity and does not come very often in the industry we know about and in the assset in countries and areas that we are familiar with. The opportunity does not come very often and so we took it," he said, adding that M&A (merger and acquisition) is just a way of expanding the group.

"The assets that we are buying enable us to have at least 21 vessels of certain class, mainly the tender system rigs and semi tenders. If you look at the entire segment, the size of our rivals' assets are smaller.

"Our closest competitor has four, so we are the clear leader in this segment of the rigs business," Mokhzani added.

Shahril, the group's president and chief executive officer, said the acquisition reinforces its vision to become a fully integrated oil and gas services company.

"Being bigger and stronger will allow us to be more competitive in our bids. With six rigs (prior to the deal), we could not be competitive," Shahril said.

"Multiple rigs, new builds and our track record will help us access new markets and opportunities," he added.

By buying Seadrill's 10 existing tender and semi-tender rigs, three others that are under construction and the remaining 49 per cent stake in the five rigs that are jointly owned by it and Seadrill, SapuraKencana will control 51 per cent of the global tender rig business. This will make it the undisputed leader with its next closest competitor globally having four tender rigs.

(Tender rig is a specialised barge that can carry a set of drilling equipment and accommodate personnel. These rigs service the production side of the industry).

The deal will help sharpen the skills and knowledge of the group's local talent, he said.

"By focusing on being a global company (with the help of deals such as Seadrill's), we generally can help develop Malaysians' skills in executing complex jobs in the oil and gas sector globally," Shahril added.

Shahril and Mokhzani, nevertheless, acknowledged that the deal also means that the group needs more people.

More new jobs in the growing oil and gas sector going forward will make it more challenging for the group to hire new talent, they noted.

Before announcing the Seadrill deal, SapuraKencana already has a RM4 billion capex (capital exexpenditure) in place to build up its might and assets over the next three to five years.

Mokhzani and Shahril want all of its core businesses (drilling and non-drilling such as fabrication) to grow in tandem.

The drilling business, which now accounts for 20 per cent to 25 per cent of group profits, will shoot to some 40 per cent with the Seadrill assets, they said.

But over time, as other non-drilling activities grow, contribution from the drilling operation will ease to under 40 per cent.

In an immediate response to the announcement early last month, many research houses said the Seadrill assets come with a lucrative US$1.55 billion orderbook lasting three to five years.

This will expand SapuraKencana's orderbook by 30 per cent to more than RM19 billion and transform its earnings landscape to a recurring high margin business.

The drilling segment could contribute more than 50 per cent to the group's bottomline, up from 22 per cent currently, they noted.

Analysts are bullish on SapuraKencana's outlook, although there is concern over the pace of its expansion, given that the Seadrill deal came just six months after the completion of the RM11.85 billion merger between SapuraCrest Petroleum Bhd and Kencana Petroleum Bhd that created the enlarged SapuraKencana group.

"We are confident that the group's prospects remain bright," Kenanga Research said in a recent report.

The firm pointed out that SapuraKencana's significant scale, service range and established global track record make it one of the main beneficiaries of the domestic upstream opportunities, while its longstanding relationship with international heavyweights opens doors to global opportunities.

Kenanga Research noted that as at end-October this year, SapuraKencana's order stood at about RM13.5 billion, which is way bigger than other local heavyweights such as Bumi Armada Bhd (about RM7 billion) and Malaysian Marine and Heavy Engineering Bhd (RM2.8 billion).

Even excluding the longer term Petrobras contract worth RM4.3 billion, which will only kickstart by end-2014, SapuraKencana has the largest domestic order backlog.

Year-to-date, it has locked in RM4.1 billion of wins, a significant sum when compared to other big peers.

Maybank Investment expects SapuraKencana to register a net profit of RM534.6 million in 2013 before rising to RM1.11 billion in 2014, buoyed by the Seadrill assets. This implies a two-year net profit CAGR (compounded annual growth rate) of 65 per cent.

In its latest third quarter results, the group posted a core net profit of RM143 million, down 19 per cent quarter-on-quarter, to bring its nine-month earnings to RM437 million, or 87 per cent higher year-on-year.

SapuraKencana should post a softer net profit of RM98 million in the coming fourth quarter due to seasonal weakness as the monsoon kicks in, Maybank Investment said.

http://www.btimes.com.my/Current ... /Article/index_html

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