Sapura Energy Berhad (KLSE:SAPNRG) (SEB) is understood to be in talks to hive off its 51% stake in Sapura Baker Hughes Tps Sdn. Bhd., and among the parties interested to acquire the stake is Icon Offshore Berhad (KLSE:ICON), industry sources said. When contacted, both SEB and Icon Offshore did not deny plans for a sale or interest in acquiring Sapura Baker Hughes.

In an email response to The Edge, SEB said, "As part of our Reset Plan (SEB's internal restructuring exercise), we are reviewing all our assets and businesses, including Sapura Baker Hughes. This joint venture is one of the successful ventures here in Malaysia and important to the success of our Reset Plan. Any decision regarding this venture will be made after a thorough deliberation at management and board of SEB".