Keyfield International Bhd has won eight charter contracts for accommodation workboats (AWBs) and an anchor handling tug supply (AHTS) vessel, with a combined value of RM162 million.
The contracts cover seven AWBs and one AHTS vessel, to be chartered to petroleum arrangement contractors (PACs) and oil and gas firms across Malaysia, Qatar, the UAE, and Thailand, according to a Bursa Malaysia filing on Monday (March 16). PACs are companies contracted by PETRONAS to explore, develop, and produce oil and gas.
The contracts include extension options worth an additional RM84 million. Seven of the charters are expected to start in the first half of 2026, with one commencing in early 2027. Tenures range from two months to a year, with extensions of one month to a year.
Keyfield said the contracts are expected to positively contribute to earnings and net assets for FY2026 and FY2027. CEO Datuk Darren Kee Chit Huei noted that the awards reinforce the company’s reputation as a reliable offshore marine services provider and demonstrate strong demand for its AWBs in the region.
Keyfield shares closed at RM1.39 on Monday, down three sen or 2.11%, valuing the company at RM1.13 billion. Year-to-date, the stock has fallen 8.55%.
