Petra Energy Secures Work Order for Sarawak Gas Project from Petronas

Deep News04-10 20:32

Petra Energy has received a work order valued at $75 million (298 million Malaysian ringgit) to provide services for a gas project in Sarawak, Malaysia.

The contracts were awarded to Petra Energy's subsidiary, Petra Resources, by Petronas Carigali, a subsidiary of Petronas, under an existing nationwide offshore services agreement in Malaysia.

The work order involves providing tie-in and commissioning services for the second phase of the Bintulu Integrated Facility Revitalization Project.

The scope of work includes bulk material procurement, engineering design activities, as well as construction and commissioning services.

Petra Energy stated that the work orders were issued between December 2025 and January 2026 and are part of a broader contract covering offshore maintenance, construction, modification, and tie-in and commissioning services for Sarawak gas assets.

The company said the contracts are expected to contribute positively to earnings and net assets for the financial year ending December 2026 and beyond.

Petra Energy added that the work orders do not require shareholder or regulatory approval and will not impact its share capital or ownership structure.

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