Vantris Energy Bhd has secured two offshore transportation and installation (T&I) work orders worth approximately RM1.8 billion from PETRONAS Carigali Sdn Bhd and PTTEP, strengthening the group’s order book.
In a statement today, the company said the work orders were awarded to its indirect wholly-owned subsidiary, VTEB Offshore Sdn Bhd, for offshore projects in Malaysia.
The first work order was awarded by PETRONAS Carigali under an existing contract for the provision of transportation and installation of offshore facilities.
The second was awarded by PTTEP HK Offshore Ltd and PTTEP Sarawak Oil Ltd under an existing contract for offshore T&I works for PTTEP development projects.
Both work orders are scheduled to commence in the third quarter of 2026 and are expected to be completed by the fourth quarter of 2027.
