Vantris Energy Berhad (“Vantris Energy”, formerly known as Sapura Energy Berhad) has announced that its joint venture company, Rawabi Sapura Limited Company (“Rawabi JV”), has been awarded a significant seven-year contract to commence in 2027, to provide vital diving support services for Aramco, one of the world’s leading integrated energy and chemicals companies. Rawabi JV is a joint venture under Vantris Energy’s Operations & Maintenance (“O&M”) division.
This landmark agreement, Rawabi JV’s first with Aramco, will include the provision of comprehensive diving support services, such as diving support vessels (“DSV”) with crew, remotely operated underwater vehicle (“ROV”) and associated personnel, diving equipment, divers, diving management, and supervisory, diving, and onshore support personnel to perform diving services in Saudi Arabia. Effective from May 1, 2027, until April 30, 2034, the scope of work also covers underwater inspections, surveys, photography, material testing, structural repairs, and related activities.
Rawabi JV’s diving support services are essential for maintaining and inspecting subsea infrastructure, directly protecting the integrity and longevity of Aramco’s valuable assets in Saudi Arabia. This collaboration combines the strengths and expertise of both partners to deliver world-class offshore solutions.
Muhammad Zamri Jusoh, Group Chief Executive Officer of Vantris Energy said, “Securing this seven-year contract with a global leader like Aramco is a strategic milestone for Vantris Energy. It validates our growth strategy, which includes expanding O&M’s portfolio beyond Malaysian shores. This is also part of our effort to rebalance our order book towards long-term, day-rate based contracts, helping us build a stronger, more resilient Vantris Energy for the future.”
This contract is expected to contribute positively to Vantris Energy's earnings and net assets over its seven-year period, supporting the company's financial stability and growth in the region. Rawabi Sapura is a strategic joint venture between Sapura Saudi Arabia Company (“Sapura Saudi”) and Rawabi Vallianz Offshore Services Company Limited. Sapura Saudi is a wholly owned subsidiary of Sapura Offshore Sdn Bhd, which itself is an indirect wholly owned subsidiary of Vantris Energy.
