How is Sapura Energy positioning to move beyond oil and gas?

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Sapura Energy's Strategic Pivot Towards Renewables

Sapura Energy is positioning itself to move beyond its traditional oil and gas operations by establishing a foundation for progression into the renewable energy sector. This strategic direction was influenced by the foresight of its outgoing president and group chief executive officer, Tan Sri Shahril Shamsuddin. The company's growth from its origins as a diving contractor into a global integrated energy firm has laid the groundwork for this anticipated diversification.
Foundation for Renewable Energy Transition

Tan Sri Shahril Shamsuddin’s leadership is credited with building Sapura Energy into a Malaysian multinational capable of competing globally. His vision established the fundamental basis for the group to expand its operations beyond the oil and gas industry into the burgeoning field of renewable energy. This strategic foresight is a key element in the company's long-term evolution.
Evolution into a Global Integrated Energy Company

Founded by Tan Sri Shahril Shamsuddin in the mid-1990s, Sapura Energy has transformed significantly from its initial operations as a diving contractor. The company has successfully evolved into a global integrated energy entity with a substantial international presence. This growth has seen the group establish operations in over 20 countries, supported by a diverse workforce of more than 11,000 individuals representing 37 nationalities across 12 operating centres worldwide.
Economic Contributions and Local Vendor Engagement

Over the past five years, Sapura Energy has made considerable contributions to the Malaysian economy, amounting to approximately RM89 billion. A significant portion of this economic impact includes over RM15 billion in work awarded to local vendors. Furthermore, the group has repatriated more than US$2 billion in foreign currencies to Malaysia within the last three years, underscoring its economic ties to the nation.

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How is Sapura Energy positioning to move beyond oil and gas?

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