INTRODUCTION
Vantris Energy Berhad ("VTEB" or the "Company") is pleased to announce that its indirect wholly-owned subsidiaries, namely, VTEB Offshore Sdn. Bhd. (formerly known as Sapura Offshore Sdn. Bhd.) ("VOSB") and VTEB Drilling Asia Sdn. Bhd. (formerly known as Sapura Drilling Asia Sdn. Bhd.) ("VTEBDA"), have been awarded with contracts as described above.
The combined value of the above contracts is approximately RM830 million; and the details thereof are summarised below:
A. ENGINEERING & CONSTRUCTION SEGMENT
AWARD OF WORK ORDER FOR THE PROVISION OF TRANSPORTATION AND INSTALLATION ("T&I") OF OFFSHORE FACILITIES FOR PETRONAS CARIGALI SDN BHD ("PCSB")
VOSB has been awarded a work order for the T&I scope under the existing Contract for the Provision of T&I for Offshore Facilities for PCSB ("Work Order").
The works have commenced in the second quarter of the Company's Financial Year ending 31st January 2027 and are expected to be completed by the third quarter of the Company's Financial Year ending 31st January 2028.
B. DRILLING SEGMENT
i. NOTICE OF ASSIGNMENT FOR THE AWARD OF CONTRACT FOR THE PROVISION OF TENDER ASSIST DRILLING RIG SERVICES FOR PETRONAS CARIGALI SDN BHD
VTEBDA has received a notice of assignment ("NOA") for the rig Sapura Esperanza from PCSB under the existing contract for the provision of tender-assisted drilling rig services for PCSB.
The NOA is expected to commence in the third quarter of the Company's financial year ending 31st January 2027.
ii. AWARD OF CONTRACT FOR THE PROVISION OF TENDER ASSIST DRILLING RIG SERVICES FOR VESTIGO PETROLEUM SDN BHD
VTEBDA has been awarded a new contract ("New Contract") from Vestigo Petroleum Sdn Bhd for the provision of tender-assisted drilling rig.
The new project will commence in the third quarter of the Company's financial year ending 31st January 2027 utilizing Sapura Jaya rig.
(Work order, NOA and New Contract herein collectively referred to as "Contracts")
The approval from the clients for the release of information needed for this Bursa Announcement for the Contracts were obtained on 3rd August 2026.
FINANCIAL EFFECTS
The Contracts are expected to contribute positively to the earnings of VTEB group of companies for the financial year ending 31st January 2027 onwards and will not have any effect on the share capital and shareholding structure of VTEB.
RISK FACTORS
The risk associated with the Contracts is subject to various risk factors, including but not limited to the following:
The T&I scope - changes in the economic, regulatory and geopolitical environment, as well as operational and execution related risks, in respect of which the Company will implement appropriate measures to manage and mitigate such risks, while maintaining its commitment to high standards of quality, health, safety, and environmental compliance.
The rig scope - changes in the economic and regulatory environment and operational risks, such as completion risk and availability of skilled resources, in respect of which the Company will implement appropriate measures to minimise and mitigate such risks.
DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS
None of the Directors and/or major shareholders of the Company and/or persons connected with them have any direct or indirect interest in the Contracts.
DIRECTORS' STATEMENT
The Board of Directors of VTEB is of the opinion that acceptance of the Contracts is in the best interest of the Company.
This announcement is dated 4th August 2026.