T7 Global Bhd announced on Thursday that it had secured a new offshore work order through its wholly owned subsidiary, Tanjung Offshore Services Sdn Bhd, marking another milestone in its growing relationship with PETRONAS Carigali Sdn Bhd.
In a filing with the bourse, the group said the contract covers integrated well plug and abandonment services together with project management team support for the Zuhal East well. The work order is scheduled to take effect from Nov 17, 2025 to March 31, 2026, positioning the group for steady activity over the coming period.
The latest award follows T7 Global’s earlier appointment as a panel contractor under PETRONAS Pan Malaysia contract. Under that programme, the group provides integrated well continuity services covering intervention, workover and abandonment, reinforcing its role across the upstream oil and gas value chain.
T7 Global said the new contract is expected to make a positive contribution to the group’s earnings and net assets for the financial year ending Dec 31, 2025 and beyond until the contract expires. This outlook aligns with the group’s broader strategy to strengthen long term revenue visibility in the energy services sector.
The announcement also comes shortly after a leadership transition. Slightly over a month ago, Azman Yakim was appointed group chief executive officer, taking over from Tan Kay Zhuin after three years in the role. Despite the upbeat developments, the group’s shares slipped half a sen or 1.69 percent to 29 sen at the noon break, valuing T7 Global at RM261.8 million.
