Swift Energy Technology Berhad (SET) has secured multiple purchase orders with a combined value of approximately RM17.03 million for projects spanning the oil and gas and data centre sectors in Malaysia, Indonesia and Myanmar.
The company said the contracts were awarded to its subsidiaries, Swift Energy Sdn Bhd and Swift Energy Oil & Gas Sdn Bhd, and are expected to contribute positively to the group’s earnings over the financial years ending Sept 30, 2026, 2027 and 2028.
The orders cover the supply of specialised electrical and navigational equipment for several upstream energy developments as well as critical infrastructure for a Malaysian data centre.
Among the contracts, Swift Energy Sdn Bhd will supply explosion-proof navigation aids, explosion-proof DC uninterruptible power supply (UPS) systems and AC/DC switchrack systems to PT Meindo Elang Indah for the PT Petronas Indonesia Bukit Panjang Development Project, with delivery scheduled by the first quarter of 2027.
The subsidiary also secured an order from Zhuhai Jutal Offshore Oil Services Limited to provide solar power systems, AC and DC distribution boards, and navigational aid systems for the PTTEP Zawtika Development Project Phase 1F, which is also expected to be completed by the first quarter of 2027.
In Malaysia, SET received a purchase order from Cummins Sales and Service Sdn Bhd to supply 17 units of 11kV Cressall Neutral Earthing Resistors for a data centre project. Delivery is targeted by the first quarter of 2027.
Another contract was awarded by Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) for the supply of navigational aid systems and Medium Intensity Obstruction Lights (MIOL) for the PTTEP Sapih, Tiram, Wangsa and Chenda MLDP platforms, with completion also scheduled for the first quarter of 2027.
Meanwhile, Swift Energy Oil & Gas Sdn Bhd secured a longer-term contract from Muhibbah Engineering (M) Bhd to supply IP55 6.6/0.4kV cast resin transformers for Petronas Carigali’s SEPAT A, B and C Wellhead Platforms. The project is expected to be delivered over the next three years.
SET said the contracts will have no impact on its share capital or shareholding structure.
The company added that the orders are non-renewable in nature, with risks limited to those normally associated with the execution of business contracts.
