Malaysia’s Vantris Energy continues its corporate transformation after rebranding from Sapura Energy in 2025 with work on projects in support of the country’s offshore sector.
Its indirect wholly-owned subsidiary, Sapura Offshore Sdn Bhd, has been awarded work orders for offshore transportation and installation (T&I) services in Malaysia by Petronas Carigali Sdn Bhd.
The awards comprise the provision of T&I services for offshore facilities at the Sepat Integrated Redevelopment Project and the Belud South Greenfield Development Project.
Work on both is set to commence early this year by the group’s engineering and construction (E&C) arm, with Belud South anticipated for completion by the end of 2027, and Sepat by the third quarter of 2029.
The company said in a statement that it also marked a “strategic shift” towards opportunities with lower-risk contracting models.
“These contracts demonstrate Vantris Energy’s offshore T&I capabilities, and our continued focus to deliver sustainable performance across our core businesses, prioritising opportunities aligned with our capabilities, regional strengths, and risk appetite,” said Vantris Energy CEO Muhammad Zamri Jusoh.
With a stronger balance sheet following its restructuring in late 2025, the company is keen to strengthen its business across all areas of operation.
Vantris Energy is also active in numerous other areas, including oil well intervention and decommissioning.
The company also last month announced the divestment of its 40% equity interest in L&T-Sapura Shipping Pvt. Ltd., which owns and operates the LTS3000 heavy-lift and pipelay vessel.
The company sold up to its joint-venture partner, Larsen & Toubro Limited (L&T), in a deal valued at US$30.5mn, consisting of equity consideration and the full repayment of the outstanding shareholder’s loan and accrued interests owed to the group.
It marked another step in Vantris Energy’s ongoing efforts to streamline, strengthen and optimise its asset portfolio, according to Jusoh.
