Vantris Energy Berhad (“Vantris Energy” or “the Group”, formerly known as Sapura Energy Berhad) is pleased to announce that its indirect wholly-owned subsidiary, Sapura Offshore Sdn Bhd, has been awarded work orders for offshore transportation and installation (“T&I”) in Malaysia by PETRONAS Carigali Sdn Bhd.
The awards comprise the provision of T&I for offshore facilities at the Sepat Integrated Redevelopment Project, and the Belud South Greenfield Development Project, under the existing Contract Provision of Transportation and Installation of Offshore Facilities.
Both work orders are expected to commence in first quarter of calendar year 2026, with Belud South scope anticipated for completion by fourth quarter of calendar year 2027, and the Sepat scope by third quarter of calendar year 2029.
These operations will be executed by the Group’s Engineering & Construction (“E&C”) arm, underscoring the Group’s efforts in strengthening E&C’s performance through disciplined execution of its core capabilities; and a strategic shift towards opportunities with lower-risk contracting models.
Commenting on the contract awards, Vantris Energy Group Chief Executive Officer Muhammad Zamri Jusoh said, “These contracts demonstrate Vantris Energy’s offshore T&I capabilities, and our continued focus to deliver sustainable performance across our core businesses, prioritising opportunities aligned with our capabilities, regional strengths, and risk appetite.”
With a stronger balance sheet following its Restructuring Effective Date in September 2025, Vantris Energy is well positioned to continue strengthening operational excellence across all its businesses, while sustaining positive momentum in its execution and delivery.
For further editorial information, contact:
Vantris Energy Strategic Communications at [email protected] vantrisenergy.com | www.facebook.com/VantrisEnergy/ | instagram.com/vantrisenergy/
Cautionary note: “Vantris Energy”, “the group” and “the company” are used for convenience where references are made to Vantris Energy Berhad in general. Similarly, words like “we”, “us” and “our” are used to refer to Vantris Energy Berhad in general or to those who work for the company and its subsidiaries, where relevant. This press release may contain forward-looking statements. All statements other than statements of historical facts included in this press release, including, without limitation, those regarding our financial position, financial estimates, business strategies, prospects, plans and objectives for future operations, are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding our present and future business strategies and the environment in which we will operate in the future. Such forward-looking statements reflect our current view with respect to future events and are not a guarantee of future performance. Forward-looking statements can be identified by the use of forward-looking terminology such as the words “may”, “will”, “would”, “could”, “believe”, “expect”, “anticipate”, “intend”, “estimate”, “aim”, “plan”, “forecast” or similar expressions and include all statements that are not historical facts.
