Vantris Energy lands RM1.8bil offshore work orders

Vantris Energy Bhd has secured two offshore transportation and installation (T&I) work orders from PETRONAS Carigali Sdn Bhd and PTTEP, worth a combined RM1.8 billion. The contracts, secured by its indirect wholly owned VTEB Offshore Sdn Bhd, are expected to bolster the group's order book as it rebuilds its business. 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 scheduled to begin in the third quarter of 2026 and run until the fourth quarter of 2027.

The second, awarded by PTTEP under an existing contract for offshore T&I works for its development projects, is also scheduled to commence in the third quarter of 2026 and conclude in the fourth quarter of 2027.

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