KUALA LUMPUR, Sept 8, 2025 — ENRA Group Bhd’s subsidiary has been awarded a significant contract by PETRONAS Carigali Sdn Bhd to carry out key works at the Terengganu Crude Oil Terminal. Under the letter of award dated August 7, 2025, the contract will involve engineering, procurement, construction, removal, installation, and commissioning of Catenary Anchor Leg Mooring (CALM) infrastructure. The project is set to be completed within 90 weeks, or earlier if possible.
ENRA clarified via its Bursa filing that while the contract will boost its earnings and potentially improve its net asset value per share, it will not alter the company’s issued share capital or shareholder structure.
Strategic Impact & Sector Outlook
This award underscores ENRA’s expanding footprint in Malaysia’s upstream energy infrastructure space. The CALM system is critical for offshore crude operations, facilitating efficient mooring and transfer of oil vessels—highlighting ENRA’s technical capabilities in supporting Malaysia’s oil export infrastructure.
Beyond this project, ENRA continues to diversify across segments. Its subsidiaries are active in energy logistics, including MRO services and floating storage operations, pointing to a broader strategy of leveraging its engineering strength across complex offshore projects.
Broader Market Context
The deal comes amid narrowing upstream investments by PETRONAS, with the state energy company shifting focus to significant international ventures—including targeted expansion of its upstream portfolio beyond Malaysia.
Domestically, Malaysia is also seeing private sector momentum in securing Carigali contracts in sectors like MCM services, cementing growth opportunities for local engineering players.
