Keyfield Offshore Sdn Bhd

What Keyfield Offshore Sdn Bhd does

Keyfield Offshore Sdn Bhd is a Malaysian offshore support vessel (OSV) operator serving the upstream oil and gas sector. It is the primary operating subsidiary of Keyfield International Berhad, which listed on the Main Market of Bursa Malaysia Securities in 2023. The company was founded in 2013 as a shipbuilding technical-advisory firm, pivoted into vessel chartering in 2016, acquired its first owned vessel and PETRONAS Vessel Owner-Operator licence (SWEC code 21121510S) in 2017, and secured PETRONAS Carigali panel contractor status in 2018–2019 — the structural foundation of its current revenue base.

The company owns and operates a 15-vessel fleet spanning Accommodation Work Boats (AWB), Anchor Handling Tug Supply (AHTS), Platform Supply Vessels (PSV), a Geotechnical PSV, and a Cable-laying Barge, with DP1 and DP2 dynamic positioning classifications and personnel capacities from 50 to 500. It actively rotates and modernises the fleet — including newbuild DP2 AHTS contracts in 2024, diesel-electric hybrid propulsion on Keyfield Falcon, and a 121.2 kWp solar PV plus BESS installation on Keyfield Wisdom that entered the Malaysia Book of Records. Service lines are Vessel Chartering (own and third-party tonnage), Ship Management (crew sourcing, provisions, Jabatan Laut compliance), and Offshore Catering (HACCP-based, Malaysian Dietary Guidelines-compliant).

Revenue is generated through three streams — chartering, ship management, and catering — delivered on a tendered, contract-by-contract basis to PETRONAS Carigali and petroleum arrangement contractors as a panel contractor, and directly via chartering contracts to Shell, PTTEP, Hess, Helms Geomarine, Carigali Hess and MDPC. Geographic scope is Malaysia-only and pricing is not publicly disclosed; contracts are negotiated per vessel, duration and capacity. The company carries ISO 45001, ISO 14001, and ISO 37001-aligned certifications, is MARPOL/SOLAS/MLC 2006/ISM compliant, reported 1,801,428 hours worked with zero fatalities and zero LTIs in FYE 2025, and maintains 100% employee participation in anti-corruption training.

Name

Keyfield Offshore Sdn Bhd

Legal name

Keyfield International Berhad – Registration No.: 202001038989 (1395310-M)

Website

https://www.keyfieldoffshore.com

Company type

Public

Founded year

2013

Operating status

Operating

Short description

Keyfield Offshore Sdn Bhd is a Malaysian offshore support vessel operator running a 15-vessel DP1/DP2 fleet, serving upstream oil and gas clients — including PETRONAS Carigali, Shell, PTTEP, and Hess — via vessel chartering, ship management, and offshore catering under a PETRONAS panel contractor licence.

Ownership category

akta.pro rank

Product category

Offshore Support Vessel Services

NAICS

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

SIC

Water Transportation (4400), 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 support vessels
• Accommodation work boats
• Vessel chartering services
• Offshore catering services
• Ship management

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, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Vessel Chartering: Chartering of own and third-party vessels to fulfil offshore contract requirements. Own vessels include AWBs, AHTS, PSV, and cable-laying barges with capacities ranging from 50 to 500 personnel. Third-party vessel chartering supplements fleet capacity for work orders and contracts.
2. Ship Management Services: Provision of ship management services including crew sourcing, crew management, and provisions loading. Services align with Jabatan Laut Malaysia requirements and regulatory standards.
3. Offshore Catering and Provisions: Catering services onboard own and third-party vessels, providing well-balanced nutritional meals for crew and passengers. Services can be customised to meet special requirements set by vessel owners/charterers.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Keyfield Offshore Sdn Bhd charters its own fleet of Accommodation Work Boats (AWBs), Anchor Handling Tug Supply (AHTS) vessels, Platform Supply Vessels (PSVs), a geotechnical PSV, a cable-laying barge, and an accommodation barge to upstream oil and gas operators in Malaysia, supplemented by third-party vessel chartering. It also provides ship management (crew sourcing/management, provisions loading) and offshore catering services compliant with Malaysian Dietary Guidelines and HACCP standards. The fleet ranges from 50 to 500 personnel capacity across DP1 and DP2 classifications.

Product overview

Keyfield Offshore Sdn Bhd operates as an offshore accommodation provider offering a portfolio of vessel chartering, ship management, and offshore catering services primarily serving the upstream oil and gas industry. The company owns and operates a diverse fleet of 15+ vessels including Accommodation Work Boats (AWB), Platform Supply Vessels (PSV), Anchor Handling Tug Supply (AHTS) vessels, Geotechnical PSV, Cable-laying Barge, and Accommodation Barges. The fleet ranges in capacity from 50 to 500 personnel and includes both DP1 and DP2 dynamic positioning vessels. Key vessels include Keyfield Falcon (DP2 Hybrid AWB with diesel-electric engine), Keyfield Wisdom (Accommodation Barge with 121.2 kWp solar hybrid system and BESS), and various DP2 AWBs. Services are offered to PETRONAS Carigali, petroleum arrangement contractors, and major oil and gas companies including Shell, PTTEP, and HESS. The company holds PETRONAS licence and is an approved panel contractor for offshore support vessel services.

Differentiator

Problem solved

Functional benefit

Products and services

• Vessel Chartering Chartering of own and third-party offshore vessels to oil and gas operators to support activities such as topside maintenance, hook-up & maintenance, and coil tubing. Vessel types include Accommodation Work Boats, Anchor Handling Tug Supply (AHTS), Platform Supply Vessels (PSVs), a geotechnical PSV, a cable-laying barge, and an accommodation barge, with personnel capacities from 50 to 500.
• Ship Management Provision of ship management services for chartered vessels, including crew sourcing, crew management, and provisions loading, aligned with Jabatan Laut Malaysia requirements.
• Offshore Catering Onboard catering services for crew and passengers on own and third-party vessels, delivering meals that comply with Malaysian Dietary Guidelines (2020) and HACCP-based food safety and hygiene standards, including the recommended 1,500–2,000 kcal calorie range.
• Keyfield Falcon (DP2 Hybrid AWB) 80-metre DP2 Hybrid Accommodation Work Boat owned by Keyfield, equipped with a diesel-electric hybrid engine that optimises energy loads, reduces fuel consumption, and cuts emissions; used for offshore accommodation during project activities.
• Keyfield Wisdom (Solar Hybrid Accommodation Barge) 123-metre Accommodation Barge equipped with a 121.2 kWp solar hybrid system integrated with battery energy storage (BESS) and a food composting system; Malaysia Book of Records holder for most solar panels with battery storage onboard an offshore vessel.
• Keyfield Helms 1 (Geotechnical PSV) 76-metre DP2 Geotechnical Platform Supply Vessel with geotechnical capabilities, chartered to support offshore operations.
• Keyfield Blessing (DP2 Cable-laying Barge) 98-metre DP2 Cable-laying Barge used for offshore cable installation work.
• Keyfield Gratitude (DP2 PSV) 78.5-metre DP2 Platform Supply Vessel chartered to support offshore logistics and supply tasks.
• Keyfield Harmony (DP2 AWB) 78-metre DP2 Accommodation Work Boat used for offshore personnel accommodation.
• Keyfield Amanah (DP2 AWB) 75-metre DP2 Accommodation Work Boat chartered for offshore accommodation.
• Keyfield Itqan (DP2 AWB) 75.8-metre DP2 Accommodation Work Boat in the Keyfield fleet for offshore accommodation.
• Keyfield Kindness (DP1 AHTS) 60-metre DP1 Anchor Handling Tug Supply vessel for offshore anchor handling and supply tasks.
• Keyfield Aulia (DP1 AHTS) 60.5-metre DP1 Anchor Handling Tug Supply vessel for offshore anchor handling and supply tasks.
• Laguna Setia 1 (AWB) 78-metre Accommodation Work Boat — Keyfield's first owned vessel delivered in 2017, used for offshore accommodation.
• Laguna Setia 2 (AWB) 78-metre Accommodation Work Boat, sister vessel to Laguna Setia 1, delivered in 2019 for offshore accommodation.
• Keyfield Grace (DP2 AWB) 78-metre DP2 Accommodation Work Boat delivered in 2021 for offshore accommodation.
• Keyfield Commander (DP2 AWB) 75-metre DP2 Accommodation Work Boat delivered in 2021 for offshore accommodation.

Quantifiable outcome

• 1,801,428 hours worked with zero fatalities and zero lost-time injuries in FYE 2025
• +2 more outcomes

Named customers7 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• PETRONAS Carigali Sdn Bhd (PCSB)coreStrategic or Co-development PartnerPCSB awarded Keyfield a Letter of Award to be a panel contractor under the Umbrella Contract for Offshore Support Vessel Services for PCSB and PACs drilling and project activities. This enables direct participation in all accommodation vessel-related tenders.
• MOSVA (Malaysian OSV Owners' Association)coreStrategic or Co-development PartnerIndustry association membership supporting national decarbonisation and seafarer upskilling programmes, contributing to the maritime sector's transition to greener operations. Keyfield participates in joint coastal and marine conservation programmes.
• MASA (Malaysia Shipowners' Association)coreStrategic or Co-development PartnerIndustry association membership supporting national decarbonisation initiatives and seafarer upskilling programmes for the maritime sector.
• PETRONAS Supplier Support Programme (PSSP)minorStrategic or Co-development PartnerKeyfield participated in PSSP Deep Dive Session on sustainability focusing on ESG integration and supply-chain risk management. Mrs Lim Kim Lee attended the West Malaysia workshop to strengthen sustainable procurement understanding.
• ERTH (Electronic & E-waste Recycling)minorStrategic or Co-development PartnerEnvironmental partnership for e-waste recycling campaigns. Keyfield collaborated with ERTH for responsible e-waste disposal including phones, speakers, and television sets.
• UMT (Universiti Malaysia Terengganu)minorStrategic or Co-development PartnerAcademic partnership for coastal and marine conservation programme. Joint initiative with MOSVA and UMT at Bagan Lalang Beach including beach cleaning, marine species release, and ocean awareness mural.
• EFINITY Social EnterpriseminorStrategic or Co-development PartnerPartnership for 'Clean Water For All' project providing 102 Efinity Water Filters to 84 households in Kampung OA Ganggai and 18 households in Kampung OA Penderas, Perak.
• Dakwah UnlimitedminorStrategic or Co-development PartnerCSR partnership for 'Back to School' ESG programme in Bandar Chukai, Terengganu providing essential school supplies to 45 children from Anak Asnaf Chukai.
• Buddha's Light International Association (BLIA)minorStrategic or Co-development PartnerPartnership for VEGRUN 2026 @ PJ charity run organised by BLIA. Keyfield sponsored 100 students from SMJK Katholik Petaling Jaya.
• MaxisminorStrategic or Co-development PartnerJoint e-waste recycling campaign with Maxis and ERTH for Global Recycling Day to raise awareness about e-waste management.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Regional players

• Mermaid Maritime: Thailand-anchored subsea and offshore vessel operator with AHTS, dive support, and ROV vessels active across Southeast Asia; comparable in regional offshore support services and exposure to Thai/Malaysian upstream activity.
• PACC Offshore Services Holdings (POSH): Singapore-based OSV operator with global fleet including AHTS, PSV, and accommodation tonnage; offers comparable offshore support vessel chartering capabilities with broader geographic exposure than Keyfield.
• Vallianz Holdings: Singapore-based OSV operator with AHTS, PSV, and accommodation vessels serving Middle East and Southeast Asian offshore markets; comparable vessel classes and crew-management service offering, though primarily serving Gulf-based NOCs rather than Malaysian upstream.

Broad incumbents

• SEACOR Marine Holdings: US-listed global OSV operator with PSV, AHTS, crew transfer and specialty vessels; offers a benchmark for OSV business economics, vessel utilization sensitivity to oil prices, and ESG-driven fleet renewal, even though primarily serving Gulf of Mexico and global customers.
• Sapura Energy Berhad: Malaysian integrated offshore energy services and vessel operator with PSV, subsea, and offshore construction exposure; broader scope but materially comparable in OSV chartering, panel contractor dynamics, and PETRONAS-centric customer relationships.
• Bumi Armada Berhad: Malaysian offshore services and FPSO/OSV operator with regional exposure across Southeast Asia and West Africa; comparable in Malaysian OSV heritage and PETRONAS ecosystem participation, but broader FPSO focus.

Direct peers

• Icon Offshore Berhad: Malaysian-based offshore support vessel (OSV) operator listed on Bursa Malaysia, providing anchor handling tug and supply (AHTS), platform supply vessels (PSV), and accommodation work boats to upstream oil and gas companies — directly comparable fleet composition and customer base to Keyfield.
• Velesto Energy Berhad: Malaysian offshore energy services company (formerly UMW Oil & Gas) operating a fleet of jack-up drilling rigs and OSVs serving PETRONAS and other regional upstream operators; directly comparable in Malaysia upstream vessel chartering and panel-contractor dynamics.
• Petra Energy Berhad: Malaysian offshore services company supporting PETRONAS operations with offshore installation, maintenance, and vessel-related services; directly comparable in PETRONAS-anchored offshore work scope and Malaysian operating geography.

Others

• Jadestone Energy: Asia-Pacific upstream operator active in Malaysia (incl. former operators of offshore oilfields); included as a customer-side comparable for OSV demand drivers rather than as a direct vessel competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/KeyfieldOffshore
• LinkedInlinkedin.com/company/keyfield-offshore-sdn-bhd

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Keyfield Offshore Sdn Bhd