Malaysian offshore services company Vantris Energy, formerly known as Sapura Energy, has grown its orderbook past RM6bn ($1.47bn) after securing contracts worth about RM830m ($202.78m) for offshore transportation and installation works and tender-assisted drilling rig services, according to Splash247. The contract haul includes a work order from Petronas Carigali under an existing contract and a new drilling services agreement with Vestigo Petroleum.
Contract breakdown
According to Splash247, the offshore transportation and installation award comprises a work order from Petronas Carigali for services under an existing contract. Within the drilling segment, Vantris received a notice of assignment from Petronas Carigali to deploy the 2013-built Sapura Esperanza tender-assisted drilling rig under an existing drilling services contract. The assignment is expected to commence in the third quarter of fiscal year 2027.
Separately, the company secured a new contract from Vestigo Petroleum to provide tender-assisted drilling rig services using the 2011-built Sapura Jaya rig. The project is also scheduled to begin in the third quarter of fiscal year 2027, according to the Splash247 report.
| Scope | Client | Asset | Build year | Contract type | Start |
|---|---|---|---|---|---|
| Offshore transportation and installation | Petronas Carigali | — | — | Work order under existing contract | — |
| Tender-assisted drilling | Petronas Carigali | Sapura Esperanza | 2013 | Notice of assignment under existing drilling contract | Q3 fiscal year 2027 |
| Tender-assisted drilling | Vestigo Petroleum | Sapura Jaya | 2011 | New contract | Q3 fiscal year 2027 |
Orderbook position
Vantris Energy's orderbook now exceeds RM6bn ($1.47bn) after the RM830m ($202.78m) contract haul, according to the company's statement reported by Splash247.
The new work is valued at approximately RM830m, which the company reported as $202.78m in the Splash247 article. Both drilling rig assignments are booked to start in the third quarter of fiscal year 2027, giving Vantris a clear near-term deployment schedule for its tender-assisted drilling fleet.
What it means for offshore logistics operators
Vantris Energy is a Malaysian offshore services company, and both clients — Petronas Carigali and Vestigo Petroleum — are named in the Splash247 report as the awarders of the work. The contract portfolio covers two separate service categories: offshore transportation and installation works, and tender-assisted drilling rig services. The transportation and installation award is a work order from Petronas Carigali under an existing contract; the drilling assignments add two rigs to the deployment schedule in the third quarter of fiscal year 2027.
For logistics operators following offshore energy supply chains, the specific facts that matter are the asset names, build years, clients and start timings. The 2013-built Sapura Esperanza will be deployed for Petronas Carigali, and the 2011-built Sapura Jaya will operate for Vestigo Petroleum, with both assignments commencing in the third quarter of fiscal year 2027, as reported by Splash247.
Watch list
- Commencement of the Petronas Carigali assignment for the Sapura Esperanza rig in the third quarter of fiscal year 2027, as reported by Splash247.
- Commencement of the Vestigo Petroleum contract for the Sapura Jaya rig, also in the third quarter of fiscal year 2027.
- Orderbook level of more than RM6bn ($1.47bn) as reported by Vantris Energy following the RM830m ($202.78m) contract haul.
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