Shapadu Group

Name

Shapadu Group

Legal name

Shapadu Corporation Sdn. Bhd.

Website

https://shapadu.com.my

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Product category

Diversified Engineering & Industrial Services

NAICS

Support Activities for Oil and Gas Operations (213112), Support Activities for Mining (2131)

SIC

Oil & Gas Field Services, Nec (1389), Gas & Other Services Combined (4932), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF)

akta.pro secondary industries

Power Plant Electrical Systems EPC (Switchyard, Transformers, Protection & Controls) (EUAEAAAM), Substation & Interconnection EPC (Collector/POI Substations, Switchyards) (EUAEADAC), SCADA, Controls & Communications Integration (RTU, Fiber, Networking) (EUAEADAD), CSP Plant Development & EPC (Parabolic Trough, Tower, Linear Fresnel, Dish) (EUACAGAE)

Keywords

• Oil gas engineering
• Property development
• Security services
• Freight forwarding
• Corporate training

Headquarters

HQ city

Shah Alam

HQ country

Malaysia

HQ region

Asia

Offices12 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Oil & Gas EPCC and Maintenance Contracts: Project-based engineering, procurement, construction and commissioning (EPCC) contracts with PETRONAS and international oil & gas majors, covering offshore hook-up & commissioning, offshore construction, plant maintenance/turnaround, onshore petrochemical construction, underwater services and marine services. To date over RM2 billion worth of projects completed.
2. Property Development & Toll Concession: Concession-based revenue from the North Klang Straits Bypass (first privatized road scheme in Malaysia), toll expressway operations management, and real-estate development (Campbell Complex, The Grand Campbell Hotel, Days Hotel Waterloo London, STS Warehouse, Mix Development Putrajaya).
3. Security Services: Recurring contracted security services: unarmed and armed static guards, mobile armed escort, Cash-In-Transit, secure overnight vaulting, with future Cash & ATM Management, Event Security, Close Protection, Cash Logistics and Mobile Patrol/Response services.
4. Logistics & Freight Forwarding: Sea and air freight forwarding, customs brokerage, door-to-door removal, warehouse/yard storage (14 acres open yard, 48,000 sq ft storage), heavy haulage and project cargo services.
5. Training & Corporate Teambuilding: Class "A" HRDF-accredited training programs (security, safety, corporate teambuilding) delivered at Pantai Jeram Training Centre and Section 20 Training Hall in Shah Alam.
6. Trading, Supplies & Equipment Rental: Supply of safety products, offshore equipment (containers, cargo baskets, scaffolding, cylinder racks), personal protective equipment (PPE), and rental of marine vessels (M/V Berkat Tenang, M/V Berkat Tuah, M/V Berkat Teguh) and equipment.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

Shapadu Group is a diversified Malaysian conglomerate delivering engineering, procurement, construction and commissioning (EPCC) services to the upstream oil & gas industry through its PETRONAS-licensed Shapadu Energy Services subsidiary, complemented by CIDB Grade G7 property development and toll-concession operations (notably the North Klang Straits Bypass), and an integrated services division providing physical security, cash-in-transit, freight forwarding, customs brokerage, heavy haulage and HRDF Class "A" accredited training. Its Oil & Gas Division alone has delivered over RM2 billion of projects for clients including PETRONAS Carigali, ExxonMobil, Sarawak Shell, Talisman, Murphy Oil and MLNG across offshore hook-up & commissioning, plant maintenance, marine services and equipment supply.

Product overview

Shapadu Group is a diversified homegrown Malaysian Bumiputra conglomerate operating a platform-plus-divisions architecture anchored by three core business units supported by additional property assets and service subsidiaries. The Oil & Gas Division (Shapadu Energy Services, SES) provides engineering, procurement, construction and commissioning (EPCC) services to PETRONAS, ExxonMobil, Sarawak Shell, Talisman and other majors across Offshore Services, Onshore Services, Trading & Supplies, and Rental Services. The Property Division (Shapadu Properties, SPP) handles property development and infrastructure including the North Klang Straits Bypass highway concession, Campbell Complex, The Grand Campbell Hotel, and the Days Hotel in London. The Services Division bundles three sub-brands: Shapadu Trans-System (STS) for freight forwarding, warehousing, customs brokerage and heavy haulage; Shapadu Security (SSSB) for manned guarding, cash-in-transit, ATM management and event security; and Akademi Shapadu (ASSB) for HRDF-certified security, safety and corporate teambuilding training. Supporting entities include Shapadu Capital, Lim Thiam Leong Realty, and the marine fleet (M/V Berkat Tenang, M/V Berkat Tuah, M/V Berkat Teguh).

Differentiator

Problem solved

Functional benefit

Brands

• Shapadu Energy Services (SES): Oil & Gas engineering, procurement, construction and commissioning (EPCC) division; PETRONAS-licensed contractor covering offshore services, onshore services, trading & supplies, and rental services.
• Shapadu Properties (SPP)
• Shapadu Security (SSSB)
• Shapadu Trans-System (STS)
• Akademi Shapadu (ASSB)
• The Grand Campbell Hotel
• Campbell Complex

Products and services

• Shapadu Energy Services (SES) Oil & Gas Division Wholly-owned subsidiary providing engineering, procurement, construction and commissioning (EPCC) services in the upstream oil & gas segment. Operates four business lines (Offshore Services, Onshore Services, Trading & Supplies, Rental Services) and is a PETRONAS-licensed contractor with ISO 9001:2015 and ISO 14001:2015 certification. Target clients are international oil & gas majors and PETRONAS group companies.
• SES Hook-up & Commissioning (HUC) Hook-up, commissioning and start-up work for offshore oil and gas installations including topside maintenance, retrofits, modifications, upgrades, shutdowns, repairs and de-commissioning of platforms. For oil & gas operators.
• Marine Fleet (M/V Berkat Tenang, M/V Berkat Tuah, M/V Berkat Teguh) Operated marine vessels providing offshore and support vessel services for the oil and gas sector, supporting marine engineering, operations and maintenance activities. Available for charter to oil & gas clients.
• Shapadu Properties (SPP) Property Division Property development subsidiary operating since 1984, holding CIDB Grade G7 license and PKK accreditation (since 2008). Concessionaire of the North Klang Straits Bypass (NKSB), Malaysia's first privatised road scheme. Active in toll expressway operations, real estate and construction; ISO 9001:2000 compliant.
• North Klang Straits Bypass (NKSB) Toll Concession Toll expressway from Bukit Raja to Port Klang, including plaza toll and rest & service area, operated as a concession by Shapadu Properties. Serves motorists and highway users in the Klang Valley.
• Shapadu Trans-System (STS) Freight Forwarding & Logistics Licensed sea and air freight forwarder and customs broker handling domestic and international logistics movements. Operates 14 acres of open yard with 48,000 sq ft of storage area (28,000 sq ft non-bonded + 20,000 sq ft bonded), offering general storage, bonded cargo, yard storage, packaging, container packing/unpacking, break-bulking, consolidation, inventory and warehouse management. Includes heavy haulage with 40 axle-lines of Cometto modular trailers. For commercial, industrial and project cargo shippers.
• Shapadu Security (SSSB) Manned Guarding & Cash Logistics Security services provider offering unarmed and armed static security guards, mobile armed escort, cash-in-transit, secure overnight vaulting, ATM management, event security, close protection, cash logistics and mobile patrol/response. Governed by a proprietary Security Operations Management System (SOMS). For commercial, government, financial, construction and residential clients.
• Akademi Shapadu (ASSB) HRDF-Accredited Training HRDF-approved, fully accredited and certified Class "A" training provider with trainers certified by HRDF, KDN and PPKKM. Delivers security training (basic, advanced, firearms, CIT), safety training and corporate teambuilding programs at Pantai Jeram Training Centre (seafront, 40+ pax) and Section 20 Training Hall in Shah Alam. For security guard recruits, corporate HR teams and HRDF-claimant employers.
• The Grand Campbell Hotel Hotel property located at Campbell Complex, Lot 1, 98 Jalan Dang Wangi, City Centre, 50100 Kuala Lumpur, operated as part of Shapadu Properties' hospitality portfolio. For business and leisure travellers in central Kuala Lumpur.
• Days Hotel, Waterloo, London International hospitality property held within Shapadu Properties' portfolio, located in Waterloo, London. For international travellers in central London.
• Shapadu Capital Sdn Bhd (Capital/Investment Arm) Capital and investment arm of Shapadu Group, listed among the group's operating entities at the Kuala Lumpur headquarters. For group-internal investment and capital management.

Quantifiable outcome

• Over RM2 billion worth of completed Oil & Gas EPCC projects
• +5 more outcomes

Named customers23 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

13 partnerships are on record, tiered historical, project-specific, minor and core.

• Shapadu Rockwater (JV Company)historicalStrategic or Co-development PartnerJoint venture company with Rockwater used to deliver Underwater Services contracts including structural and surface diving services for Sarawak Shell (1992-1996), diving support on SEDCO 602 for Idemitsu Sarawak Oil Exploration (1988), and underwater/maintenance/construction services for PETRONAS Carigali PCSB 210013 (1997-1999).
• Shapadu-Bechtel Consortiumproject-specificStrategic or Co-development PartnerConsortium formed with Bechtel to deliver the BASF-PETRONAS Chemicals Acrylic Acid/Acrylic Esters Project between 1998 and 2000.
• Shapadu-Dodsal Consortiumproject-specificStrategic or Co-development PartnerConsortium with Dodsal for the procurement, construction and commissioning of the Peninsular Gas Utilisation Project – Loop 1 Gas Transmission System for PETRONAS Gas Berhad (1997-1999).
• Shapadu-Mitsubishi Consortiumproject-specificStrategic or Co-development PartnerConsortium with Mitsubishi Corporation for the EPCC of the Ammonia-Urea Complex and Export Terminal for PETRONAS Fertilizer (Kedah) under Contract No. 24006-01/95 (1997-1999).
• Shapadu-Chiyoda-Mitsubishi Consortiumproject-specificStrategic or Co-development PartnerConsortium with Chiyoda and Mitsubishi for the EPCC of the Catalytic Reformer Plant for PETRONAS Penapisan Terengganu (1990).
• Shapadu-Rekayasa Joint Operationproject-specificStrategic or Co-development PartnerJoint operation with Rekayasa for the procurement, construction and precommissioning of the PETRONAS Lube Blending Plant at Tangga Batu, Melaka for PETRONAS Penapisan Melaka (1993-1995).
• Shapadu-JGC-Penta Global Engineering JVproject-specificStrategic or Co-development PartnerJoint venture with Penta Global Engineering Company LLC under JGC for Petronas LNG Train 9 Project – Piping and Painting Works (May 2014 – Jan 2016).
• PTSC / Shapadu JVproject-specificStrategic or Co-development PartnerJoint venture with PetroVietnam Petroleum Technical Services Company (PTSC) for the Provision of General Mechanical Services for Block PM-3 Commercial Arrangement Area Phase 2 & 3 Operations for Talisman Malaysia (25 May 2004 – 2006).
• Shapadu / MSE-ATB Sdn Bhdproject-specificStrategic or Co-development PartnerJoint delivery with MSE-ATB Sdn Bhd for the Provision of Specialist Services To Design, Supply And Install Mercury Removal Facilities for Resak And Joint Delivery System (PETRONAS Carigali, 25-Nov-05).
• Wilayah Arms Sdn BhdminorChannel Partner/ Reseller/ DistributorPartner for supply of arms, ammunition and shooting accessories in support of Shapadu Security's armed guard and Cash-In-Transit services.
• One Communications Sdn BhdminorChannel Partner/ Reseller/ DistributorPartner for supply of radio communications, equipment and accessories used in Shapadu Security's mobile patrol and escort services.
• Akademi Shapadu Sdn Bhd (in-house)coreStrategic or Co-development PartnerInternal training arm that delivers HRDF/Class "A" accredited security, safety and corporate teambuilding programs in collaboration with Shapadu Security.
• Putratec Sdn Bhdproject-specificChannel Partner/ Reseller/ DistributorShapadu acted as sub-contractor to Putratec Sdn Bhd for the MLJ 2 Offshore Painting Campaign for Total E&P Borneo BV (Jan 2015 – Aug 2015).

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Petra Energy Berhad: Malaysian O&G services company providing EPCC, hook-up & commissioning and offshore maintenance. Directly comparable to Shapadu Energy Services in scope and customer base.
• Sapura Energy Berhad: Malaysian integrated oil and gas services company providing EPCC, drilling, offshore installation and hook-up & commissioning for PETRONAS and IOCs. Most directly comparable Malaysian O&G services peer to Shapadu Energy Services across offshore hook-up and EPCC capability.
• Dialog Group Berhad: Malaysian-listed specialist in upstream O&G services, EPCC, plant maintenance and offshore fabrication. Comparable in EPCC/plant maintenance delivery model for PETRONAS and IOC clients across Malaysia.
• Dayang Enterprise Holdings Bhd: Malaysian O&G services company focused on offshore topside maintenance, hook-up & commissioning and marine vessel operations for PETRONAS. Closely comparable to Shapadu's HUC and marine service offering.
• Malaysian Marine and Heavy Engineering Holdings Berhad (MMHE): PETRONAS-linked offshore heavy engineering and EPCC company providing offshore fabrication, marine conversion and hook-up services. Comparable as a Malaysian offshore EPCC competitor serving the same PETRONAS/IOC ecosystem.
• KNM Group Berhad: Malaysian-listed process engineering and EPCC group with overseas presence serving oil & gas, petrochemical and power clients. Comparable to Shapadu in EPCC delivery for process and petrochemical facilities.
• Velesto Energy Berhad: Malaysian offshore drilling services provider operating jack-up rigs for PETRONAS and regional operators. Comparable as a Malaysian Bumiputra-linked offshore O&G services company competing in the same PETRONAS supply chain.
• Alam Maritim Resources Berhad: Malaysian offshore support vessel and O&G services provider with marine fleet and subsea capabilities. Comparable to Shapadu's marine fleet and offshore service offering for Malaysian operators.

Broad incumbents

• MMC Corporation Berhad: Large Malaysian conglomerate with energy/utilities (Gas Malaysia), ports, logistics and construction divisions. Comparable to Shapadu as a diversified Malaysian infrastructure/services conglomerate but operating at a larger scale.
• Gadang Holdings Berhad: Malaysian construction, property development and utilities group. Comparable to Shapadu Properties on the property/infrastructure side and as a CIDB-licensed Malaysian Bumiputra contractor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shapadu Group