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Sapura Energy Berhad (“Sapura Energy” or “Group”) is a leading global integrated oil and gas services and solutions provider operating across the entire upstream value chain. As a fully-fledged upstream player, the Group’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.

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Sapura Crest Sdn Bhd and Kencana Petroleum Sdn Bhd merged to form Sapura Kencana Petroleum Bhd in May 2012. The company name was change to Sapura Energy Berhad. The merger was exercised through cash payout and exchange of shares. The merger lead the company total market value of RM 11.85 billion making it biggest Oil & Gas company in Malaysia. The merger was facilitated by a special purpose vechicle, Integral Key Sdn Bhd (IKSB). IKSB function is to isolate the risk of both merging companies in case of lose in value of assets.

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The merger between SapuraCrest and Kencana company is considered to be horizontal integration. Horizontal integration is the process of the company where two companies combine together at the same part of the supply chain in order to increase the production of goods and services. In other words, they are in the same level of integration or same  industry. After the merger of two companies, they become biggest local oil and gas company in Malaysia.

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Sapura Energy provides high-end engineering services to offshore oil and gas projects across the globe. Sapura Energy’s Engineering and Construction business provides end-to-end, turnkey EPCIC solutions for the oil and gas industry. Supported by the in-house engineering team, fabrication yards, strategic assets and capability in subsea, transportation and installation of structure and pipelines, they  deliver high quality products across the full EPCIC spectrum.

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Our Vision is to be the best entrepreneurially led, technically competent and most trusted global oil and gas company in the eyes of our customers, shareholders and most importantly, our empowered people.

We will be guided by our honesty, trust and respect for all. We will achieve our business objectives by being safe, agile and professional to continuously strive to meet all of our stakeholders’ expectations.

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Benefits of merger for Sapura Energy Berhad

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Benefits of merger for Sapura Energy Berhad

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1) Obtaining quality staff or additional skills, knowledge of the industry or sector and other business intelligence. For instance, a business with good management and process systems will be useful to a buyer who wants to improve their own. Ideally, Sapura Energy has come out with the high skilled and technically capable multinational workforce.
2) Accessing funds or valuable assets for new development. Better production or distribution facilities are often less expensive to buy than to build. Look for target businesses that are only marginally profitable and have large unused capacity.
3) Accessing a wider customer base and increasing market share. The  target business may have distribution channels and systems that they can use for their own offers.
4) Reducing competition. Buying up new intellectual property, products or services may be cheaper than developing these by their own.

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Cross-functional team with fabrication and installation experience to ensure we provide our clients with a logical and constructible design that is best fit for purpose.