Malaysian company Sapura Energy clarifies that it continues to execute all 59 projects globally despite still facing liquidity and short-term cash flow issues.

The offshore engineering, procurement, construction and installation (EPCI) player issued clarifications on Wednesday following a recent Upstream report that had claimed that the company was facing severe liquidity issues and is also in the market for selling its prized heavy-lift laybarge Sapura 3000.

“We would like to reiterate that Sapura Energy is still a going concern. Our business segments continue to execute 59 projects globally with all our operating licenses with clients remaining intact,” the company statement said.