Vantris Energy Secures $441.8 Million Offshore Contracts in Malaysia

Offshore engineering specialist Vantris Energy has secured two transportation and installation (T&I) deals in Malaysia, with a total value of RM1.8 billion, equivalent to $441.8 million, according to a report by *Offshore Energy*.

The contracts were awarded by Petronas Carigali, a subsidiary of Malaysia’s Petronas, and by PTTEP HK Offshore and PTTEP Sarawak Oil, both subsidiaries of Thailand’s PTTEP. These agreements pertain to the provision of offshore transportation and installation services.

Contract Details

The work orders were secured by VTEB Offshore, an indirect wholly-owned subsidiary of Vantris Energy. The work order with Petronas Carigali falls under an existing contract for the provision of offshore facilities T&I. Operations for this contract are scheduled to commence in the third quarter of 2026 and are expected to conclude by the fourth quarter of 2027.

The work order with PTTEP is also slated to begin in the third quarter of 2026, with an anticipated completion by the fourth quarter of 2027.

Company Outlook and Industry Context

These awards contribute to Vantris Energy’s order book replenishment. Muhammad Zamri Jusoh, Vantris Energy Group’s Chief Executive Officer, stated that the awards reflect the strength of the company’s offshore construction capabilities. He also noted the company’s focus on disciplined execution, safe delivery, and operational excellence, with a priority on converting project wins into strong performance and cash generation for sustainable growth.

According to *Offshore Energy*, these contract awards follow a recent development where PTTEP’s subsidiaries and a Petronas Carigali subsidiary entered into a production sharing contract (PSC) with the Malaysia-Thailand Joint Authority (MTJA) for Block A-18-01.