T7 Global lands $100m+ offshore deal with Petronas-Eni JV
Malaysian firm wins three-year hook-up and commissioning contract for Peninsular Malaysia assets
Malaysian energy services firm T7 Global has been awarded a three-year contract for offshore hook-up and commissioning work by Searah, the newly formed joint venture between Italy’s Eni and Malaysia’s state-owned Petronas. The agreement, effective immediately, tasks Tanjung Offshore, T7 Global’s fully owned subsidiary, with operations under Package C1 for assets located off Peninsular Malaysia. The contract is set to conclude on September 26, 2029, as confirmed in a regulatory filing with Bursa Malaysia.
While financial terms remain undisclosed, T7 Global anticipates the deal will enhance its financial performance and asset value starting in 2026 and continuing through the contract’s duration.
Searah’s strategic upstream operations: T7 Global
The joint venture Searah was launched in June 2026 as an equal partnership between Petronas and Eni, consolidating upstream assets in Malaysia and Indonesia. Its portfolio currently includes 19 producing and development projects, with 14 in Indonesia and five in Malaysia. At the time of its establishment, Searah reported daily production exceeding 300,000 barrels of oil equivalent, with plans to scale output to over 500,000 barrels per day within three years.
Tanjung Offshore has become a key player in Southeast Asia’s offshore sector, securing multiple long-term contracts in recent years. In addition to the Searah agreement, the company holds a five-year Package C1 contract with Petronas Carigali, awarded in December 2024. Its client roster also includes international operators such as Hess, EnQuest, and Jadestone Energy, reinforcing its position in maintenance, construction, and commissioning services across the region.
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