Sapura Energy teams up with Norwegian outfit to simplify decommissioning processes

TheEdge Tue, Feb 27, 2024 10:18am - 1 month View Original

KUALA LUMPUR (Feb 27): Sapura Energy Bhd has teamed up with AF Offshore Decom, a Norwegian company specialising in customised decommissioning solutions in the North Sea, to simplify its decommissioning process.

In a statement on Tuesday, Sapura Energy said its Kitar Solutions simplifies the decommissioning process through integrated Engineering, Preparations, Removal, and Disposal (EPRD) services.

Sapura Energy Group chief executive officer Datuk Mohd Anuar Taib said the integrated oil and gas services company is committed to embrace a low-carbon energy future through collaborations and shared technical expertise with key stakeholders.

He said AF Offshore Decom brings 20 years of decommissioning execution experience to the partnership, with an impressive client base, and furthermore owns and operates the Vats decommissioning facility in Norway.

Meanwhile, AF Offshore Decom chairman Lars Myhre Hjelmeset said that with Kitar Solutions, the company is positioned to provide decommissioning services across the Asia Pacific region, ensuring adherence to the European Union’s rigorous environmental and social governance standards.

“Our partnership can make a significant contribution towards a sustainable, green transition,” he said.

At the time of writing, Sapura Energy was trading at 4.5 sen, valuing the group at RM826.92 million.

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