Vantris Energy secures offshore transportation and installation services work order from Petronas
Type: Supply Agreement · Technology: Oil Gas · Country: Malaysia · Announced: 2026-08-05
Vantris Energy, through its indirect wholly owned subsidiary VTEB Offshore (formerly Sapura Offshore), was awarded a work order by Petronas for offshore transportation and installation services. This work falls under an existing T&I contract for offshore facilities in Malaysia. The services commenced in the second quarter of calendar year 2026 and are scheduled for completion in the third quarter of 2027. This award contributes to Vantris Energy's order book exceeding $1.4 billion (RM6 billion), aligning with its strategy to expand work in core capabilities.
Analysis
Vantris Energy, through its subsidiary VTEB Offshore, was awarded a work order by Petronas for offshore transportation and installation services in Malaysia, with services commencing in the second quarter of 2026 and scheduled for completion in the third quarter of 2027. Petronas, Malaysia's national oil and gas company, is evolving into a holistic energy and solutions provider. The award contributes to Vantris Energy's order book exceeding $1.4 billion (RM6 billion). The work order falls under an existing T&I contract for offshore facilities in Malaysia. The value of the work order was not disclosed.
Key points
- Work order awarded by Petronas to Vantris Energy
- Services commenced in Q2 2026, scheduled for completion in Q3 2027
- Order book exceeds $1.4 billion (RM6 billion)
- Location: Malaysia
- Announced: 2026-08-05
Counterparties
- VTEB Offshore (Supplier)
- Vantris Energy (Supplier)
- Petronas (Offtaker)
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