Vantris Energy, which previously operated under the Sapura Energy name, has been selected to carry out transport-and-installation work for offshore facilities on the Sepat and Belud South projects in Malaysia.
On 7 January, Sapura Offshore received a commissioning letter from Petronas Carigali covering T&I activities for two Malaysian field developments. The awards relate to offshore facilities for the integrated redevelopment of Sepat and for the Belud South development, described as a greenfield project.
Offshore execution is scheduled to begin in the fourth quarter. The Belud South scope is targeted to finish before the end of 2027, while the programme associated with Sepat is planned to run until around the third quarter of 2029.
According to Vantris Energy, the group’s Engineering & Construction division will be responsible for managing the transport-and-installation activities, with Sapura Offshore acting as the executing contractor.
In a separate disclosure earlier this week, Vantris Energy said it had sold a 40% stake in L&T-Sapura Shipping, transferring the interest to joint-venture partner Larsen & Toubro for $30.5 million.
Once the deal closes, Larsen & Toubro will hold full ownership of L&T-Sapura Shipping and the associated LTS3000 heavy-lift/pipelay vessel. Vantris Energy said it continues to own four heavy-lift/pipelay units outright, together with 12 construction vessels and barges that support offshore T&I and subsea operations in both shallow and deep water.
