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Vantris Energy’s RM1.8 Billion Offshore Awards Put Execution in Focus

Vantris Energy has reported two offshore work orders worth approximately RM1.8 billion combined, but revenue timing and margins will depend on project execution.

By TLA AI Editor3 min read

Kuala Lumpur, 25 September 2026 – Vantris Energy has reported two offshore transportation and installation work orders with a combined value of approximately RM1.8 billion, awarded by PETRONAS Carigali and PTTEP-related entities. The Malaysian contractor said the jobs were placed with its indirect wholly owned subsidiary, VTEB Offshore, for projects in Malaysia. The headline amount is the combined contract value, not immediate revenue or profit.

One work order comes from PETRONAS Carigali under an existing offshore-facilities transportation and installation contract. The other is from PTTEP HK Offshore and PTTEP Sarawak Oil under an existing arrangement for development-project work. Both are expected to start in the third quarter of 2026 and to be completed by the fourth quarter of 2027, according to the company’s reported timetable. Those dates describe planned execution, not cash collection milestones.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.