Vantris Energy Berhad is a Malaysian offshore oil and gas services group listed on the Main Market of Bursa Malaysia, with headquarters at Menara PNB on Jalan Tun Razak in Kuala Lumpur. The company was known as Sapura Energy Berhad until its renaming and traces its main business lines to engineering and construction, operations and maintenance, and drilling for offshore fields across South-East Asia, Australia and Brazil.
From Sapura Energy to Vantris Energy
Sapura Energy was classified as a PN17 financially distressed issuer in May 2022 after a period of severe losses. The group completed a regularisation plan and reached its restructuring effective date on 26 September 2025, closing out a debt restructuring, capital reconstruction and creditor settlement process. The company then adopted the Vantris Energy name, and the change is reflected in renamed subsidiaries such as VTEB Offshore Sdn Bhd, formerly Sapura Offshore Sdn Bhd.
Bursa Malaysia Securities approved the company's application for upliftment from PN17 classification on 16 June 2026. Group chief executive Muhammad Zamri Jusoh described the approval as a milestone in the recovery rather than its end, and the company has since continued to report quarterly results under its new name.
What the group does
- Engineering and Construction - engineering, procurement, construction, installation and commissioning for offshore facilities, plus offshore renewables capability, transportation and installation, well intervention and decommissioning, brownfield rejuvenation, geosurvey and geotechnical work.
- Operations and Maintenance - hook-up and commissioning, topside maintenance, subsea services and offshore support vessels.
- Drilling and Completion - tender-assisted and semi-tender-assisted drilling rigs, marketed internationally.
The group states that it is present in 20 countries with a workforce of 13,000 people, and its engineering arm works through long-term framework contracts with national and international operators in Malaysia.
Financial recovery
For the first quarter of its financial year 2027, the three months to 30 April 2026, Vantris Energy reported revenue of RM645.2 million and profit after tax and minority interests of RM145.8 million, against a loss after tax and minority interests of RM478.0 million in the same quarter a year earlier. It was the group's second consecutive profitable quarter following completion of the restructuring. Cash, deposits and bank balances stood at RM1.96 billion at 30 April 2026, and the order book was RM5.9 billion, with a further RM2.9 billion held under joint ventures and associates.
The audited accounts for the financial year ended 31 January 2026, published in the annual report on 29 May 2026, received an unqualified opinion from Ernst and Young PLT with no material going-concern uncertainty - the group's first clean audit opinion in four years. Within the segments, engineering and construction improved its profitability partly through its Brazilian joint venture, operations and maintenance carried an order book of about RM1.3 billion, and drilling benefited from higher charter rates.
Recent awards and portfolio moves
- 25 September 2026: two offshore transportation and installation work orders worth a combined RM1.8 billion, awarded to VTEB Offshore by PETRONAS Carigali and by PTTEP HK Offshore and PTTEP Sarawak Oil, running from the third quarter of 2026 to the fourth quarter of 2027.
- 4 August 2026: a transportation and installation work order plus a notice of assignment and contract for a tender-assisted drilling rig, both in Malaysia.
- 12 January 2026: divestment of the group's 40 percent equity interest in L and T-Sapura Shipping as part of portfolio optimisation.
The company says it is shifting toward contracts with a more balanced risk profile across South-East Asia and Australia, favouring lower-risk service-oriented work as it replenishes its order book.
Contact
The registered office and headquarters are at Level 4, Menara PNB, 201-A Jalan Tun Razak, 50400 Kuala Lumpur, telephone (6)03-64159999. The company publishes separate departmental addresses rather than a single general enquiry line: [email protected] for investor relations, [email protected] for media and public relations, [email protected] for human resources, and [email protected] for supplier registration.