Petra Energy has received and accepted four work orders from Petronas Carigali for hook-up and commissioning services for Phase 2 of the Bintulu integrated facilities rejuvenation project. The work orders have a combined value of RM298 million, equivalent to about $75 million.
According to Petra Energy, the scope covers procurement of bulk items, engineering activities, and construction and commissioning work for the second phase of the Bintulu rejuvenation project.
In a filing with Bursa Malaysia, Petra Energy said the work orders are expected to contribute positively to the group’s earnings and net assets per share for the financial year ending 31 December 2026 and thereafter until the contract expires.
The latest award underscores Petra Energy’s continued traction with Petronas Carigali as ongoing rejuvenation and maintenance activities continue across Malaysia’s oil and gas infrastructure.
