Petra Energy Bhd has revealed that its wholly owned subsidiary, Petra Operating Services Sdn Bhd (POS), has secured a new field-operations contract with Sarawak Shell Berhad (SSB). Under this three-year arrangement, POS will deliver a comprehensive range of offshore support services at SSB’s Balingian production field off Sarawak’s coast.

Highlights of the contract award:

• Contract value & duration
– The base three-year term is valued at around RM19.9 million.
– SSB holds two separate one-year extension options, potentially extending the agreement to a total of five years.

• Scope of services
– Deployment of qualified offshore personnel, including supervisors and technicians.
– Provision and upkeep of equipment for subsea tasks, wellhead support and on-site logistics.
– Management of transportation, safety surveillance and base-camp facilities.

• Strategic significance
– The award follows a competitive tender and further strengthens POS’s partnership with Sarawak Shell.
– It highlights Petra Energy’s expanding expertise in integrated field-operations solutions within Malaysia’s offshore oil & gas industry.
– The contract is projected to boost Petra Energy’s revenue and operational output from the second half of the current financial year.

Petra Energy, listed on Bursa Malaysia and offering a wide array of upstream services, stated that winning this contract underscores its technical strengths and dedication to safe, efficient field support. Work is slated to begin in July, with personnel and equipment mobilization already underway.

📊 Miri Property Market Insight

The Miri property scene is experiencing steady growth, driven by new infrastructure projects, oil & gas sector activity, population increases and rising demand for both rental and secondary-market units. Staying informed on the latest project launches, price movements and regulatory updates helps buyers and investors make well-informed decisions.

💡 What This Means for Buyers & Investors

For homebuyers, Miri presents a diverse mix of options, from affordable apartments to high-end gated-and-guarded communities. Investors may uncover attractive rental yields in prime locations such as Marina, Permyjaya, Taman Tunku and city-center flats. New development launches also come with perks like early-bird pricing and developer incentives.

🔗 Useful Resources

• Latest Property For Sale in Miri
• Latest Property For rent in Miri
• New Project Launches in Miri
• Latest Land For Sale in Miri
• Property Agent in Miri
• Property Guides & Tips (Malaysia)

Note: This article was automatically pulled from reputable news outlets. Details are provided for general guidance; always confirm project specifics, pricing, and investment choices with authorized agents or official developers.