Sapura Energy Berhad Reports Earnings Results for the First Quarter Ended April 30, 2023

Sapura Energy Berhad is Malaysia-based company, which is engaged in investment holding and the provision of management services to its subsidiaries. The Company operates through five segments: Engineering and Construction, Operations and Maintenance, Drilling, Exploration and Production, and Corporate. The Engineering and Construction segment provides turnkey engineering, procurement, construction, installation, and commissioning (EPCIC) solutions for the energy industry. The Operations and Maintenance segment is providing upgrading, modification and rejuvenation and corrective maintenance works to oil and gas industry. The Drilling segment is involved in the charter of oil drilling rigs and provision of drilling related services. The exploration and production segment provides exploration, development, and production solutions. The Company generates its revenue from its engineering and construction business.