SapuraKencana Petroleum Berhad

What SapuraKencana Petroleum Berhad does

Vantris Energy Berhad, formerly known as SapuraKencana Petroleum Berhad and Sapura Energy Berhad, is a Malaysian-headquartered global integrated oil and gas services provider operating across 20 countries with a workforce of 13,000 people. The company delivers three core service pillars: Engineering and Construction (EPCIC plus offshore construction and installation, well intervention and decommissioning, and offshore renewables capabilities), Operations and Maintenance (hook-up and commissioning, topside maintenance, subsea services, brownfield rejuvenation, offshore support vessels, and geosurvey and geotechnical services), and Drilling and Completion (tender assist rigs and semi-tender rigs). Its operations span the full lifecycle of offshore oil and gas assets from greenfield development through production support to end-of-life decommissioning.

The business model is primarily project-based enterprise services directed at international and national oil companies (IOCs and NOCs). Revenue is generated through three streams: EPCIC contracts (project-based, recognized over duration), operations and maintenance contracts (long-term recurring managed services for producing assets), and drilling services (long-term charter arrangements for tender assist and semi-tender rigs). Pricing is not publicly disclosed and is tailored to project scope, complexity, and duration. The company distributes services through direct enterprise sales engagement supported by a corporate website, investor relations platform, and media relations channels, with a global headquarters in Kuala Lumpur and operational presence spanning multiple continents.

The company was previously classified under Bursa Malaysia's PN17 (financially distressed company) framework but received approval for upliftment in June 2026, alongside a clean unqualified audit opinion from Ernst & Young PLT for the financial year ended 31 January 2026 and Q1 FY2027 PATAMI of RM145.8 million, indicating a recovery trajectory. Its technology stack is centered on physical offshore assets (vessels, rigs, engineering teams) and certified QHSE management systems rather than software or AI-driven platforms.

Name

SapuraKencana Petroleum Berhad

Legal name

Vantris Energy Berhad

Website

https://sapurakencana.com

Company type

Public

Founded year

2012

Operating status

Operating

Headcount range

101–250 employees

Short description

Vantris Energy Berhad (formerly SapuraKencana Petroleum Berhad) is a Malaysian integrated offshore oil and gas services provider offering EPCIC, operations and maintenance, and drilling services to international and national oil companies across 20 countries with a 13,000-person workforce.

Ownership category

akta.pro rank

Product category

Offshore Oil and Gas Services

NAICS

Mining and Oil and Gas Field Machinery Manufacturing (33313), Geophysical Surveying and Mapping Services (541360)

SIC

Oil & Gas Field Services, Nec (1389), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Offshore E&P (Shallow/Deepwater, Subsea Production Systems) (EUALAAAI)

akta.pro secondary industries

Well Intervention, Workover & Integrity Management (EUALAAAJ), Decommissioning, Plug & Abandonment (P&A) & Abandonment Liability Management (EUALAAAK), Well Completions & Stimulation (Hydraulic Fracturing, Sand Control) (EUALAAAE)

Keywords

• Offshore oil and gas services
• EPCIC engineering procurement construction
• Offshore drilling services
• Operations and maintenance
• Subsea installation services

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Engineering, Procurement, Construction, Installation and Commissioning (EPCIC): Project-based contracts for offshore oil and gas field development including engineering design, procurement of equipment and materials, construction, installation and commissioning services. Revenue recognized over project duration with significant contract values.
2. Operations and Maintenance Services: Long-term operational contracts for maintaining and supporting offshore oil and gas production assets, including hook-up and commissioning, topside maintenance, subsea services, and brownfield rejuvenation services.
3. Drilling Services: Contract drilling services using tender assist rigs and semi-tender rigs for offshore well construction and intervention operations. Typically long-term charter contracts with oil and gas operators.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Vantris Energy Berhad (formerly SapuraKencana Petroleum Berhad) is a global integrated oil and gas services provider offering engineering, procurement, construction, installation and commissioning (EPCIC), operations and maintenance, and drilling services for offshore oil and gas field developments. Its portfolio covers the full lifecycle of offshore assets including engineering and construction, hook-up and commissioning, topside and subsea maintenance, brownfield rejuvenation, drilling via tender assist and semi-tender rigs, well intervention, and decommissioning, with emerging capabilities in offshore renewables.

Product overview

Vantris Energy Berhad (formerly Sapura Energy Berhad) is a global oil and gas service provider operating as a multi-disciplinary company with integrated service capabilities. The company offers three core service pillars: Engineering and Construction (EPC, offshore construction, renewables, well intervention), Operations and Maintenance (hook-up and commissioning, topside/subsea maintenance, brownfield rejuvenation), and Drilling and Completion (tender assist rigs, semi-tender rigs). The portfolio is structured as a unified platform of complementary services that cover the full lifecycle of offshore oil and gas assets from development through production and eventual decommissioning.

Differentiator

Problem solved

Functional benefit

Products and services

• Engineering and Construction Client-centric field development solutions covering engineering design, EPC (Engineering, Procurement and Construction), offshore construction and installation, well intervention and decommissioning, and offshore renewables capabilities for oil and gas operators globally.
• Operations and Maintenance Cost-efficient exploration, development, and production support services for offshore oil and gas operators, including hook-up and commissioning, topside maintenance, subsea services, brownfield rejuvenation, offshore support vessels, and geosurvey and geotechnical services.
• Drilling and Completion Global tender-assisted drilling offering drilling capabilities, tender assist rigs, and semi-tender rigs for offshore oil and gas exploration and production.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• TechnipFMC: Integrated subsea, offshore, and surface projects provider competing in EPCIC, subsea production systems, and drilling-related services for offshore field developments.
• Saipem: Italian-headquartered integrated offshore EPCIC and drilling contractor with comparable engineering, subsea construction, drilling, and decommissioning services targeting the same IOC/NOC client base.
• Subsea 7: Global subsea engineering, construction, and services company delivering SURF and subsea tieback projects that overlap directly with Vantris's offshore construction and installation and subsea services.
• DOF Group: Global offshore vessel operator providing subsea construction, offshore support, and survey services, directly comparable to Vantris's offshore support vessels and geosurvey/geotechnical offerings.
• Petrofac: Integrated offshore EPC and operations and maintenance service provider with comparable project-based delivery model and exposure to operator capex cycles.
• McDermott International: Offshore EPC contractor delivering integrated engineering, procurement, construction, and installation services for offshore oil and gas field developments worldwide.

Regional players

• Bumi Armada: Malaysian offshore energy services company operating FPSOs, offshore support vessels, and subsea construction services for the same regional IOC/NOC clients.
• MISC Berhad: Malaysian-headquartered offshore support vessel and offshore floating solutions provider with strong regional overlap, particularly in Malaysian and Southeast Asian offshore markets.

Broad incumbents

• SLB (Schlumberger): Largest global oilfield services company with broad portfolio spanning drilling, completions, production, and digital, providing integrated competition across multiple service lines Vantris operates in.
• Halliburton: Global OFS incumbent with major drilling, completions, and well intervention capabilities that overlaps with Vantris's drilling and well intervention services as part of a much broader portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/sapura-energy-berhad

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 SapuraKencana Petroleum Berhad