Vantris Energy Bhd, through its indirect wholly owned subsidiary Sapura Offshore Sdn Bhd, has secured offshore transportation and installation (T&I) work orders in Malaysia from PETRONAS Carigali Sdn Bhd with a total contract value of RM1.4 billion.
In a filing with Bursa Malaysia, the group — formerly known as Sapura Energy Bhd — said the awards cover T&I services for offshore facilities under the Sepat integrated redevelopment project and the Belud South greenfield development project, in line with its existing offshore facilities T&I contract.
Vantris said it is well-positioned to continue strengthening operational excellence across all its businesses.
The work orders are expected to begin in the first quarter of 2026. The Belud South scope is targeted for completion by the fourth quarter of 2027, while the Sepat project is scheduled to be completed by the third quarter of 2029.
Vantris said the projects will be carried out by its engineering and construction (E&C) division, reflecting the group’s continued focus on strengthening the segment through disciplined execution of its core competencies and a strategic shift towards lower-risk contracting structures.
Group chief executive officer Muhammad Zamri Jusoh said the contract wins highlight Vantris Energy’s offshore T&I capabilities and its commitment to delivering sustainable performance across its core businesses.
“These awards reinforce our strategy of pursuing opportunities that align with our technical strengths, regional presence and risk appetite,” he said.
Following the completion of its restructuring in September 2025, Vantris noted that its improved balance sheet places the group in a stronger position to enhance operational excellence and maintain momentum in project execution and delivery.
