Vantris Energy has announced that its Engineering & Construction ('E&C') segment has secured two work orders from PETRONAS Carigali and PTTEP HK Offshore Limited and PTTEP Sarawak Oil Limited (collectively 'PTTEP') for the provision of offshore transportation and installation ('T&I') services in Malaysia.
The work orders were awarded to VTEB Offshore Sdn Bhd (formerly known as Sapura Offshore Sdn Bhd), an indirect wholly owned subsidiary of the Company.
The first work order, awarded by PETRONAS Carigali under the existing Contract for Provision of Transportation and Installation of Offshore Facilities, comprises of offshore T&I work and is scheduled to commence in the third quarter of calendar year 2026 and is expected to be completed by the fourth quarter of calendar year 2027.
The second work order was awarded by PTTEP under the existing Contract for the Provision of Offshore T&I works for PTTEP development projects. The works are scheduled to commence in the third quarter of calendar year 2026 and are expected to be completed by the fourth quarter of calendar year 2027.
With a combined value of approximately RM1.8 billion, these awards further strengthen Vantris Energy’s order book replenishment and reflect the Company’s focus on securing opportunities that align with its core capabilities, execution strengths and long-term objectives.
Vantris Energy Group Chief Executive Officer Muhammad Zamri Jusoh said, 'These awards further reflect the strength of our offshore construction capabilities. As we continue to rebuild and strengthen our order book, our focus remains on disciplined execution, safe delivery and operational excellence. The priority now is to convert these wins into strong project performance, healthier cash generation and a stronger foundation for sustainable growth.'
These awards reflect the positive momentum generated by the Company’s continued focus on operational discipline and commercial execution. Vantris Energy remains committed to strengthening its financial position, delivering projects safely and efficiently, and building a resilient business capable of creating sustainable value for all stakeholders.
Source: Vantris Energy
