Petronas Carigali Completes Sale Of Subsidiary E&P O&M Services

  • Petronas Carigali Sdn Bhd has announced the completion of the transaction of the entire ownership in E&P O&M Services Sdn. Bhd to Janamurni Sdn. Bhd.

EPOMS is wholly owned by E&P Venture Solutions Co. Sdn Bhd a subsidiary of Petronas Carigali. Incorporated in 2012, the company provides integrated frontline operations and maintenance services for all floating facilities, including associated flowlines and pipelines, in Malaysia.

EPVS signed the Sale and Purchase Agreement in late December 2021 with Janamurni Sdn Bhd, which includes the transfer of all EPOMS staff’s employment contracts to the new owner.

The exercise follows the oil giants’ continuous review of the business portfolio to ensure a better fit in the growth strategy in the increasingly evolving energy landscape.

Petronas says it remains focused on maintaining a robust portfolio with a healthy and sustainable risk and return profile as it expands into non-traditional businesses, including new energy and renewables, to improve its low carbon profile and advance its sustainability agenda.

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