Petra Energy Secures Work Orders from Petronas Carigali
Petra Energy, a subsidiary of Malaysia's state-owned giant Petronas, has received and accepted four work orders from Petronas Carigali to provide hook-up and commissioning services for the Bintulu integrated facilities rejuvenation project, Phase 2.
Details of the Work Orders
The work orders include the provision for procurement of bulk items, engineering activities, and the construction and commissioning for the second phase of the Bintulu rejuvenation project.
Expected Impact on Earnings
Petra Energy expects the work orders to contribute positively to the group's earnings and net assets per share for the financial year ending December 31, 2026, and thereafter until the expiry of the contract.
Continued Traction with Petronas Carigali
The latest award underscores Petra Energy's continued traction with Petronas Carigali, as it capitalises on ongoing rejuvenation and maintenance activities across Malaysia's oil and gas infrastructure.
Key Points:
- Petra Energy secures RM298m contract from Petronas Carigali
- Work orders include hook-up and commissioning services for Bintulu integrated facilities rejuvenation project, Phase 2
- Expected to contribute positively to Petra Energy's earnings and net assets per share