What Perdana Petroleum does

Perdana Petroleum Bhd is a Malaysian publicly-listed offshore marine services company founded in 1998 and headquartered in Petaling Jaya, Malaysia. The company provides specialized marine vessels — including work barges with full crew and equipment, and anchor handling tug and supply (AHTS) vessels — to support offshore oil and gas exploration and production activities. Operations are conducted through its wholly-owned operating subsidiary Perdana Nautika Sdn Bhd, which is the contracting and service-delivery vehicle.

The company's customer base is concentrated in enterprise oil and gas operators and their panel contractors. Disclosed engagements include a 241-day charter contract (July 9, 2026 to approximately March 7, 2027) to provide a work barge with crew and equipment to Keyfield Serenity Sdn Bhd, a local Malaysian vessel charterer that is a panel contractor to Petronas Carigali Sdn Bhd, the Malaysian national oil company. Perdana Petroleum also secured letters of award for two AHTS vessels in late 2025, demonstrating active fleet deployment and contract pipeline. The company's underlying "technology" is its owned fleet of specialized, fully-crewed marine vessels rather than software or IP, and services are delivered through charter contracts over defined multi-month periods.

Perdana Petroleum generates revenue through charter contracts, with vessels contracted on a fixed-term basis and revenue recognized over the contract duration. The company employs between 101 and 250 people and has a market capitalization of approximately 356.5 million ringgit (as of July 2026) on Bursa Malaysia. The go-to-market motion is enterprise field sales focused on direct relationship-based contracting with offshore operators and their panel contractors, rather than broad marketing. The company operates exclusively within Malaysian waters, with no evidence of geographic expansion beyond a single domestic market.

Name

Perdana Petroleum

Legal name

Perdana Petroleum Bhd

Website

https://perdana.my

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

101–250 employees

Short description

Perdana Petroleum Bhd is a Malaysian publicly-listed offshore marine services provider that charters work barges with crew and AHTS vessels to upstream oil and gas operators and their panel contractors, primarily serving Malaysian offshore projects.

Ownership category

akta.pro rank

Product category

Offshore Marine Services

NAICS

Support Activities for Water Transportation (4883), Other Support Activities for Water Transportation (48839)

SIC

Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ)

akta.pro secondary industry

Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS) (TLADABAL)

Keywords

• Offshore marine services
• Vessel charter services
• Anchor handling vessels
• Work barge operations
• Oil and gas support

Headquarters

HQ city

Petaling Jaya

HQ country

Malaysia

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Others

Revenue model

1. Vessel Charter Services: Perdana Petroleum generates revenue through chartering out its marine vessels (work barges, AHTS vessels) to customers for offshore operations. Contracts are typically fixed-term (e.g., 241-day charter periods) with revenue recognized over the contract duration.
2. Letters of Award for Vessel Provision: The company receives letters of award for providing vessels, indicating a project-based revenue model where vessels are contracted for specific operational requirements.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Perdana Petroleum provides offshore marine vessels on charter to oil and gas operators, principally work barges (with crew and equipment) such as the Keyfield Serenity, and Anchor Handling Tug and Supply (AHTS) vessels. Services are delivered through its operating subsidiary Perdana Nautika Sdn Bhd and are contracted via direct charter agreements and letters of award for offshore campaigns in Malaysian waters.

Product overview

Perdana Petroleum Bhd is an offshore marine services company that operates through its subsidiary Perdana Nautika Sdn Bhd. The company provides a fleet of offshore vessels including work barges with crew and equipment, as well as anchor handling tug and supply (AHTS) vessels for the oil and gas industry. The company secures charter contracts to serve offshore operations for clients such as Keyfield Serenity Sdn Bhd.

Differentiator

Problem solved

Functional benefit

Products and services

• Work Barge Charter with Crew and Equipment

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Keyfield Serenity Sdn BhdcoreStrategic or Co-development Partner · 21 May 2026Perdana Petroleum's subsidiary Perdana Nautika Sdn Bhd secured a 241-day charter contract to provide a work barge with crew and equipment to Keyfield Serenity Sdn Bhd for offshore operations. The contract runs from July 9, 2026 to approximately March 7, 2027. Keyfield Serenity is a local Malaysian company that charters marine vessels for offshore accommodations and is a panel contractor to Petronas Carigali Sdn Bhd.
• Petronas Carigali Sdn BhdminorOthersPetronas Carigali Sdn Bhd is the national oil company of Malaysia and the end-client of Keyfield Serenity Sdn Bhd. While not a direct partnership, Keyfield Serenity operates as a panel contractor to Petronas Carigali, creating an indirect relationship in the offshore marine services supply chain.

Scale indicators1 record

Recent moves3 records

Expansion highlights3 records

Direct peers

• MISC Berhad: MISC Berhad operates a large offshore and marine segment providing AHTS vessels, PSVs, and offshore support services primarily to Petronas and other Southeast Asian clients. It is the most directly comparable Malaysian OSV operator, albeit at materially greater scale and fleet diversity.
• Icon Offshore Berhad: Icon Offshore is a Malaysia-listed pure-play OSV operator providing AHTS vessels, platform supply vessels, and accommodation workboats to Petronas Carigali and other upstream clients. It competes head-to-head with Perdana for the same Petronas panel work.
• Pacific Radiance Ltd: Pacific Radiance is a Singapore-based OSV operator with AHTS, PSV, and subsea construction support vessels serving Southeast Asian and Middle Eastern offshore markets. It competes in the same AHTS niche as Perdana and is relevant for charter rate benchmarking.
• Vallianz Holdings: Vallianz is a Singapore-based OSV owner-operator with a fleet of AHTS vessels and offshore support tonnage serving clients across Southeast Asia and the Middle East. It is a comparable OSV pure-play with overlapping customer types and vessel categories.

Broad incumbents

• Tidewater Inc. Tidewater is one of the world's largest offshore support vessel operators with a global fleet of AHTS and PSV tonnage. While geographically broader, it sets global day-rate benchmarks that directly influence Malaysian OSV pricing.
• Bourbon Corporation: Bourbon is a global offshore marine services provider operating a large fleet of AHTS and PSV vessels. It is a broad incumbent whose restructuring and pricing decisions influence the regional OSV competitive landscape Perdana operates in.

Regional players

• EA Technique (M) Berhad: EA Technique is a Malaysia-listed provider of offshore marine support services, including vessel chartering and operations support to upstream oil and gas clients. It is a regional peer serving the same Malaysian offshore market with overlapping offerings.
• Coastal Contracts Berhad: Coastal Contracts is a Malaysian offshore support vessel owner and operator focused on AHTS vessels and accommodation workboats serving Petronas and other Asian clients. Its fleet profile and customer overlap make it a strong regional OSV comparable.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

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 Perdana Petroleum