Vantris wins T&I work from Petronas for two field developments offshore Malaysia
Petronas Carigali commissioned Sapura Offshore Jan. 7 to perform offshore transportation and installation (T&I) for two Malaysian development projects.
The awards cover offshore facilities at the Sepat Integrated Redevelopment Project and the Belud South Greenfield Development Project.
Work will start in the fourth quarter, with the Belud South work scope due to be completed by late 2027, and the Sepat scope by third-quarter 2029.
Sapura Offshore’s parent company Vantris Energy said the group’s Engineering & Construction division would manage the T&I activities.
Vantris divests stake in L&T-Sapura Shipping
Vantris also disclosed earlier this week that it has divested its 40% equity interest in L&T-Sapura Shipping to joint venture partner Larsen & Toubro for $30.5 million.
Following the transaction, L&T now owns outright the LTS3000 heavy-lift and pipelay vessel. Vantris now has four wholly owned heavy-lift and pipelay vessels in its fleet, and 12 offshore construction vessels and barges designed for shallow-water and deepwater T&I and subsea services.
About the Author
Jeremy Beckman
Editor, Europe
Jeremy Beckman has been Editor Europe, Offshore since 1992. Prior to joining Offshore he was a freelance journalist for eight years, working for a variety of electronics, computing and scientific journals in the UK. He regularly writes news columns on trends and events both in the NW Europe offshore region and globally. He also writes features on developments and technology in exploration and production.