Destini wins RM1.2 billion tubular running services contract
Destini Bhd secured a letter of award from Searah (Malaysia) Sdn Bhd for tubular running services in the West region.
Source: Destini Berhad · August 12, 2026 at 9:45 PM · AI-assisted report
Corroborated
KUALA LUMPUR, 13 AUGUST 2026 —
Destini Bhd secured a letter of award from Searah (Malaysia) Sdn Bhd for tubular running services in the West region.
Market Impact
The contract, valued at RM1.2 billion, runs from July 1, 2026 to March 29, 2031. Destini said the value will be based on release orders issued during the period.
“This major award represents continuous momentum as it aggressively strengthens and solidifies our core TRS business in Malaysia,” Destini said in a Bursa Malaysia filing.
The company will deploy specialised technical capabilities and assets to ensure safe tubular running operations across Searah’s assets.
“The contract is expected to contribute positively to Destini’s consolidated earnings and net assets for the duration of the project,” it added.
Related: Sea · Bursa Malaysia