not sure what the future hold for sapura company? Will there be any restart back after this?

The letter further suggests the vendor had a tough time dealing with Sapura Energy which is still issuing purchase orders and requesting quotations, but not making payments for the past six months.

“It is almost impossible to get any response from your staff responsible for vendor payments,” noted the open letter.

“We have yet to successfully speak with anyone from your staff regarding our overdue payments as our phone calls have never been answered, and we were turned away when we attempted to visit your offices.”

From the hundreds of e-mails sent to the relevant staff of Sapura Energy, the letter said only two replies were received, one of which dated Dec 13, 2021 which painted an optimistic picture with regard to a possible payment in January 2022.

“Although there are 10 days remaining in this month, it seems highly unlikely that this will materialise,” the letter pointed out.

“I am prompted into writing this letter by an episode earlier this month where we supplied goods which were urgently required by you. Communication from your staff ceased immediately after the delivery of our goods for which we are yet to receive an acknowledged delivery order. Without this, we are unable to submit to you our invoice for this order.”

They ask for material but never pay... facepalm.
Best to keep material till payment completed.

If it's not paid for, the supplier could get a court order for repossession.

Haha, not sure what the vendor up to, they can take legal actions, complaint through media seem like make no good for both parties..

Usually for offshore platform or pipeline, the material already integrated into the structure.. how to reposses?
Better to stop the delivery until full payment is made.

maybe get the CEO to use his salary to pay for the material. he's earning like rm80mil per year, what!

In our wildest dreams, these high rank people are basically parasites sucking the company dry and they just run their mouths nothing more nothing less.

Shahril has retired and left the company, PNB is the new boss and Taib is the new CEO, this is why need to move out from Sapura building and change company name.

I think the salary is much lower since PNB is the new boss

Now they need to pay 10 million annually to use 'Sapura' name.....they should pay vendor instead of paying Sapura Group to use the 'Sapura' name la.

like he care..

I get out from this mess first..

As per my wife's word: you dont get high performance for doing your related work scope be it deliver on time and under budget. You get high performance for fulfilling unnecessary tasks making your superior look good.

You mean they need to pay 10million to use that name on the building in KLCC?

Has Sapura Energy moved in??

In order to raise cash, it is rumoured that Sapura the operator (JV with OMV), is looking to sell its shares in SapuraOMV and quit being an operator.

Pay royalty 10 million to use 'Sapura Energy'. I believe they will change to 'PNB Energy' soon...haha

Change name so can run from hutang later.

That is bad, seem like the company don't have proper review because superior/manager performance based on the agreed Job Scope in early of the year.

Now they share price at the lowest...

Brazil projects seemed to pick up. Anyone lucky enough to be there?

Plenty of FPSOs in the pipeline for Brazilian waters.

If you want to be based in Malaysia support brazil projects, can try for Subsea 7 , SBM or MISC.

Of the 3, which one provides the best compensation package? 😂