Petra Energy
PETRA Energy Berhad is a Malaysian publicly listed energy company providing integrated brownfield services — hook-up and commissioning, maintenance, construction and modification, marine support, and oil and gas production — to oil and gas operators in Malaysia, anchored by Petronas Carigali.
- Company typePublic
- Founded1988
- HeadquartersPetaling Jaya, Malaysia
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Petra Energy does
PETRA Energy Berhad is a Malaysian publicly listed energy company (Bursa Malaysia: klse:PENERGY) founded in 1988 in Sarawak and headquartered in Petaling Jaya, employing 1,001-5,000 people across offices in Petaling Jaya, Miri, Labuan, Piasau, and Kemaman. The company operates three integrated business lines serving the upstream oil and gas industry: (1) Exploration, Development & Production, where it operates Block SK433 (the only onshore oil and gas block in Malaysia, located in Miri, Sarawak) and the Banang oilfield offshore Terengganu under a Late Life Asset PSC awarded in December 2024; (2) Integrated Brownfield Services, covering hook-up and commissioning (HUC), maintenance, construction and modification (MCM), equipment packaging and assembling, plus an owned fabrication yard (Labuan and Piasau); and (3) Marine Assets, comprising 8 owned and operated offshore marine vessels used for offshore support and logistics.
The company's technology is operational and asset-based rather than software-based: owned fabrication infrastructure, a marine fleet, and HSE-driven project management processes backed by five ISO certifications (9001, 14001, 45001, 27001, 37001) and a "Generative Safety Culture" framework with more than 5 million manhours without LTI achieved historically. Revenue is generated primarily through contract-based professional services and project work orders awarded by major oil and gas operators, with Petronas Carigali as the dominant anchor client (RM298M / ~$75M single contract for Bintulu Phase 2 in 2026). Secondary revenue comes from production at Block SK433 and the Banang oilfield. Customer concentration is high within the Petronas group, though recent contract wins from Vestigo Petroleum, Shell Malaysia, TotalEnergies, ENEOS Xplora, and MMHE (for the Kasawari CCS project) indicate incremental diversification. The go-to-market is exclusively direct enterprise field sales to oil and gas operators with no retail or consumer channels.
Petra Energy firmographics
Firmographics- Name
- Petra Energy
- Legal name
- PETRA Energy Berhad
- Website
- https://petraenergy.com.my
- Company type
- Public
- Founded year
- 1988
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- PETRA Energy Berhad is a Malaysian publicly listed energy company providing integrated brownfield services — hook-up and commissioning, maintenance, construction and modification, marine support, and oil and gas production — to oil and gas operators in Malaysia, anchored by Petronas Carigali.
- Ownership category
- akta.pro rank
Where Petra Energy is headquartered
LocationHeadquarters
- HQ city
- Petaling Jaya
- HQ country
- Malaysia
- HQ region
- Asia
Offices5 records
Markets served
Petra Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Exploration, Development & Production: Operator of Block SK433 (onshore Miri, Sarawak) and Banang oilfield (offshore Terengganu), generating revenue from oil and gas production.
- Integrated Brownfield Services: Contract-based services for hook-up commissioning, maintenance, construction and modification (MCM) for offshore oil and gas facilities. Revenue generated through project-based work orders.
- Offshore Services Contracts: Major contracts awarded by oil and gas operators such as Petronas Carigali for offshore maintenance, construction, and modification projects. Example: RM298 million work order for Bintulu integrated facilities rejuvenation project Phase 2.
- Marine Support Services: Offshore marine support services utilizing 8 owned marine vessels.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Petra Energy product offering
Product offeringCore offering
PETRA Energy provides integrated brownfield services for the upstream oil and gas industry, including hook-up & commissioning (HUC), maintenance, construction, and modification (MCM) services for offshore and onshore oil and gas facilities. The company also operates equipment packaging, assembling, and fabrication through its owned PETRA Fabrication Yard, and delivers offshore marine support via 8 owned marine vessels. In addition, PETRA Energy operates as an oil and gas producer, holding operatorship of Block SK433 (onshore Miri, Sarawak) and the Banang oilfield (offshore Terengganu).
Product overview
PETRA Energy Berhad is a Malaysian energy company providing integrated oil and gas solutions. The company's portfolio consists of Exploration, Development & Production services (operating Block SK433 onshore Miri and the Banang oilfield offshore Terengganu), combined with Integrated Brownfield Services encompassing Hook-Up & Commissioning (HUC), Maintenance, Construction and Modification (MCM), Equipment Packaging & Assembling, and the PETRA Fabrication Yard. The company also operates a Marine Assets division owning and managing 8 offshore marine vessels. This unified offering enables PETRA Energy to provide end-to-end solutions from field appraisal through operations and maintenance.
Differentiator
Problem solved
Functional benefit
Products and services
- Exploration, Development & Production Oil and gas field solutions covering appraisal, development, production, operation, and maintenance of hydrocarbon assets. PETRA Energy operates Block SK433 (onshore Miri, Sarawak) and the Banang oilfield (offshore Terengganu) as operator. Target customers include oil and gas operators and partners in joint ventures.
- Hook-Up & Commissioning (HUC) Integrated brownfield engineering service covering hook-up and commissioning for offshore and onshore oil and gas facilities. Provided to oil and gas operators including PETRONAS Carigali and international oil companies in Malaysia.
- Maintenance, Construction and Modification (MCM) Maintenance, construction, and modification services for existing oil and gas facilities. Recent major work orders include PETRONAS Carigali's RM298 million Bintulu integrated facilities rejuvenation project Phase 2.
- Equipment Packaging & Assembling Equipment packaging and assembly services for oil and gas operations, supporting project execution and field deployment.
- PETRA Fabrication Yard Owned fabrication yard facility providing manufacturing and assembly services for oil and gas equipment and structures (including the PETRA Main Yard in Labuan and Piasau service facility in Miri).
- Marine Assets (Offshore Marine Support) Offshore marine support services with ownership and operation of 8 marine vessels supporting oil and gas operations — including platform-to-shore logistics, equipment transport, and personnel transfer for offshore facilities.
Quantifiable outcome
- RM298 million contract value from Petronas Carigali for Bintulu project Phase 2
- +3 more outcomes
Companies that use Petra Energy
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles2 records
Petra Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Petra Energy partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Vestigo PetroleumcorePetra Energy bags offshore services contract from Vestigo Petroleum, expanding its customer base in the offshore oil and gas services sector.
- Petronas CarigalicorePetronas Carigali, a subsidiary of Malaysia's state-owned Petronas, assigned offshore maintenance, construction, modification, and hook-up and commissioning services to Petra Resources Sdn. Bhd. (subsidiary). Petra Resources received four work orders for the Bintulu integrated facilities rejuvenation project Phase 2, valued at RM298 million ($75.07 million). Work orders cover procurement, engineering, construction, and commissioning services from December 2025 to January 2026.
- PETRONAS CarigalicorePetra Energy receives HUC (Hook-Up & Commissioning) and MCM (Maintenance, Construction, and Modification) contracts offshore Sarawak. Multiple project awards from PETRONAS Carigali for offshore operations.
- PETRONAS (Parent Company)corePETRONAS awarded Late Life Asset PSC to PETRA Energy for Banang Field, making PETRA Energy the operator of the Banang oilfield offshore Terengganu. This represents a significant production operatorship award.
- MMHE (Malaysia Marine and Heavy Engineering)corePETRA Energy awarded subcontract from MMHE for Kasawari CCS project - the world's largest offshore CCS project. This partnership demonstrates PETRA Energy's capabilities in carbon capture and storage services.
- Badan Warisan Malaysia (Malaysian Heritage Trust)minorPETRA Energy in partnership with Badan Warisan Malaysia supported a webinar talk series on Sarawakian heritage and culture conservation (#TokSarawak initiative). Topics include Baram Regatta, architectural history of longhouses, ancient forts of Sarawak, and natural heritage assets. A #PETRACares sustainability initiative supporting preservation of culture and heritage.
Scale indicators6 records
Recent moves6 records
Expansion highlights10 records
Petra Energy competitors and assessment
Company assessmentMarket position
Weaknesses5 records
Competitive moat5 records
Customer concentration
Petra Energy social profiles
Digital presencePetra Energy compliance and trust
Trust signalCompliance5 records
Petra Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Petra Energy leadership team
Management profileNumber of profiles
Petra Energy subsidiaries and ownership
Company hierarchySubsidiaries3 records
Petra Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Petra Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Petra Energy
What does Petra Energy do?
PETRA Energy provides integrated brownfield services for the upstream oil and gas industry, including hook-up & commissioning (HUC), maintenance, construction, and modification (MCM) services for offshore and onshore oil and gas facilities. The company also operates equipment packaging, assembling, and fabrication through its owned PETRA Fabrication Yard, and delivers offshore marine support via 8 owned marine vessels. In addition, PETRA Energy operates as an oil and gas producer, holding operatorship of Block SK433 (onshore Miri, Sarawak) and the Banang oilfield (offshore Terengganu).
Is Petra Energy a public or private company?
Petra Energy is a public company. It is classified as public and is currently operating.
When was Petra Energy founded?
Petra Energy was founded in 1988. It employs 1,001 to 5,000 people.
Where is Petra Energy based?
Petra Energy is headquartered in Petaling Jaya, Malaysia, in the Asia region.
How does Petra Energy make money?
Four revenue lines are on record. Exploration, Development & Production is the primary driver. The others are integrated Brownfield Services, offshore Services Contracts and marine Support Services.
Does Petra Energy have an API?
No public API is recorded for Petra Energy.