Kuala lumpur: Destini Bhd's unit, Destini Oil Services Sdn Bhd (DOS), has secured a significant contract from Petronas Carigali Sdn Bhd (PCSB) for tubular running services (TRS).

According to BERNAMA News Agency, Destini reported in a Bursa Malaysia filing that the contract tenure is five years, commencing on March 30, 2026, and ending on March 29, 2031. The contract value will be based on release orders issued by PCSB throughout the contract term.

Destini emphasized that this award comes at a critical time for the energy sector. As global markets face heightened volatility due to the ongoing energy crisis in West Asia, maintaining stable domestic production is more vital than ever. By securing this five-year contract, Destini reinforces its role in ensuring that upstream operations in Malaysia remain resilient.

The award of this contract significantly strengthens Destini's order book, providing long-term revenue visibility through 2031. Operationally, the five-year duration allows DOS to optimize its resource deployment and leverage its established local infrastructure to drive cost-efficiencies for the client, the company stated.