Vantris Energy Berhad (formerly Sapura Energy) has announced that its joint-venture entity Rawabi Sapura Limited Company (“Rawabi JV”) has been awarded a landmark seven-year contract by Saudi Arabian Oil Company (Aramco) to provide diving support services in Saudi Arabia. The contract is set to run from 1 May 2027 through 30 April 2034.
Under the agreement, Rawabi JV will deliver a comprehensive suite of diving support services including diving support vessels (DSVs) with crews, remotely operated underwater vehicles (ROVs), divers, diving equipment, management and on-shore supervisory personnel. The scope also covers underwater inspections, surveys, underwater photography, material testing and structural repairs.
For Vantris Energy this marks its first contract with Aramco and is seen as a major advancement of its Operations & Maintenance (O&M) business outside Malaysia. Group CEO Muhammad Zamri Jusoh described the contract as “a strategic milestone… validates our growth strategy, which includes expanding O&M’s portfolio beyond Malaysian shores.”
The contract award places Vantris Energy in a stronger position to generate stable long-term revenues by securing a multi-year day-rate based offshore services agreement. Rawabi JV is a joint venture between Vantris Energy’s subsidiary Sapura Saudi Arabia Company (via Sapura Offshore) and Rawabi Vallianz Offshore Services Company Limited.
The award is expected to positively contribute to Vantris Energy’s earnings and net asset base over the contract period, strengthening its financial stability and supporting its regional growth ambitions.
