Vantris Energy has secured two transportation and installation (T&I) work orders worth a combined USD441.8 million from Petronas Carigali and subsidiaries of Thailand’s PTTEP for offshore works in Malaysia. The contracts were awarded to VTEB Offshore, Vantris Energy’s indirect wholly owned subsidiary, and cover offshore transportation and installation services.
The Petronas Carigali work order is scheduled to begin in the third quarter of 2026 and run through the fourth quarter of 2027. The PTTEP work order has the same planned execution period. The awards will contribute to replenishing Vantris Energy’s order book and expand its offshore construction activity in Malaysia.