Petra Energy's subsidiary secures $75M work orders from Petronas for Sarawak gas project hook-up and commissioning services

Type: Supply Agreement · Technology: Oil Gas · Country: Malaysia · Value: $75M · Announced: 2026-04-10

Petra Energy's subsidiary, Petra Resources, secured $75 million (RM 298 million) in work orders from Petronas Carigali for hook-up and commissioning services tied to the Bintulu Integrated Facilities Rejuvenation Project Phase 2 in Sarawak, Malaysia. The contracts, issued between December 2025 and January 2026, cover procurement of bulk materials, engineering activities, construction, and commissioning services for offshore gas assets. Petra Energy emphasized that these work orders are part of a broader agreement covering offshore maintenance, construction, modification, and hook-up and commissioning services for Sarawak gas assets. The company expects the contracts to positively impact earnings and net assets for the financial year ending December 2026 and beyond. The work orders do not require shareholder or regulatory approvals and do not affect Petra Energy's share capital or ownership structure.

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