Malaysia’s state-owned oil & gas heavyweight Petronas has awarded a local company a five-year contract for the delivery of tubular running services (TRS).
Kuala Lumpur-headquartered Destini Oil Services, the energy arm of Destini Group, officially secured the contract on March 30, 2026, with it ending on March 29, 2031.
According to Destini, the five-year duration allows it to optimize its resource deployment and leverage established local infrastructure to drive cost-efficiencies for Petronas. The contract will serve as a consistent contributor to the group’s energy division performance over the next five years.
Dato’ Sri Dr Shahril Mokhtar , Destini Group Managing Director, said: “We value the ongoing partnership we share with PETRONAS. Destini is committed to being a reliable TRS solutions provider, especially as we all adapt to the complexities of today’s energy market. We look forward to supporting Malaysia’s energy security through operational excellence and a shared focus on long-term resilience.”
Besides Malaysia, Destini Oil Services is actively present in Myanmar, Indonesia, Vietnam, Brunei and Pakistan.