KUALA LUMPUR: Vantris Energy Bhd has secured two work orders worth a combined RM1.8bil from PETRONAS Carigali Sdn Bhd and PTTEP for offshore transportation and installation (T&I) services in Malaysia.
In a statement, the energy services group said the contracts were awarded to VTEB Offshore Sdn Bhd, formerly known as Sapura Offshore Sdn Bhd, its indirect wholly owned subsidiary.
The first work order, awarded by PETRONAS Carigali under an existing contract for the provision of transportation and installation of offshore facilities, involves offshore T&I works.
The project is scheduled to commence in the third quarter of 2026 and is expected to be completed by the fourth quarter of 2027.
The second work order was awarded by PTTEP HK Offshore Ltd and PTTEP Sarawak Oil Ltd under an existing contract covering offshore T&I works for PTTEP development projects.
The works are also scheduled to begin in the third quarter of 2026 and are expected to be completed by the fourth quarter of 2027.
Vantris Energy said the RM1.8bil in additional work would strengthen its order book as the group focuses on securing projects aligned with its core capabilities and execution strengths.
Group chief executive officer Muhammad Zamri Jusoh said the awards reflected the strength of the group's offshore construction capabilities.
“As we continue to rebuild and strengthen our order book, our focus remains on disciplined execution, safe delivery and operational excellence.
“The priority now is to convert these wins into strong project performance, healthier cash generation and a stronger foundation for sustainable growth,” he said.
Vantris Energy said it remained focused on strengthening its financial position while delivering projects safely and efficiently.
