Thursday, March 21

Sapura Energy wins APAC Company of the Year Award

0

SINGAPORE: Oil and gas (O&G) services provider Sapura Energy Bhd bagged home the Asia Pacific Company of the Year Award under Energy Services, Offshore and Marine category at the Asia Pacific Energy Award Dinner held here by Energy Council, Wednesday.

Sapura Energy “toppled” Houston-headquartered Schlumberger and Singapore-based Sembcorp Marine which were the other two contenders for the award.

“It is a very big honor for us as a Malaysian company that have been recognised as a company in Asia Pacific,” its group president and chief executive officer Tan Sri Shahril Shamsuddin told Bernama after accepting the Award last night.

The Award Dinner was held at Raffles City Convention Center.

Shahril attributed the award to the efforts of Sapura Energy’s 13,000 employees over the past many years.

“I would like to thank my employees who have stuck with us, weather the storm for the past four to five years and make us come out on top. With humility and pride I received this prize for them.”

Shahril also highly acknowledged the support from Sapura Energy’s customers namely Petronas, Shell and Exxon in Malaysia.

“They have been great customers for the past years that allow us to get the discipline to become a global company,” said Shahril.

As a fully-fledged upstream player, Sapura Energy’s spectrum of capabilities cover the exploration, development, production, rejuvenation, as well as decommissioning and abandonment stages of the value chain.

With a highly skilled and technically capable multinational workforce, strategic world-class assets, and strong project management capabilities, the group today has a global presence in over 20 countries.

The Energy Council’s Awards which represent a global benchmark of excellence for those working in the oil and gas industry was held in conjunction with the 2019 Asia Pacific Energy Assembly.

The Council Awards honour and recognise those in the industry who have been at the heart of the region’s related activity in the last 12 months.

Over 50 judges took part over the course of several weeks to whittle down the publicly decided long-list of nominees to determine the rightful winner for each award which was based on a stringent criteria.

For energy services, offshore and marine category won by Sapura Energy, overall leadership as an industry benchmark of excellence, was one of the criteria outlined by the Council.

Other criteria includes financial performance against peer group (share price, debt levels); operational performance of asset portfolio; recent market transactions and deals; recent operational successes; and strength of industry partnerships.

A company’s strength of market reputation, corporate governance, investor relations and public relations were also the criteria drawn by the Council.

The Energy Council is the leading member’s platform for deal-initiation and global connectivity in renewables, as well as oil and natural gas sectors.

Meanwhile, Petronas won three years in a row the Asia Pacific National Oil Company of The Year, beating Indonesia’s PT Pertamina and Thailand’s PTT Exploration and Production.

The country’s oil company also won the Asia Pacific Company of the Year for Downstream category and its Upstream Exploration Vice President Emeliana Rice-Oxley won the Asia Pacific Female Executive of The Year Award. — Bernama