Destini Wins Tubular Running Services Contract
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Source: Destini Berhad · August 12, 2026 at 9:45 PM · AI-assisted report
KUALA LUMPUR, 13 AUGUST 2026 —
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**Destini Secures RM1.2 Billion Tubular Running Services Contract in Malaysia**
Market Impact
PETALING JAYA, Aug 5 — Destini Bhd has been awarded a tubular running services (TRS) contract by Searah (Malaysia) Sdn Bhd for its West region operations, marking a key expansion in its oilfield services portfolio.
The contract, valued at RM1.2 billion based on release orders, runs from July 1, 2026, to March 29, 2031. Destini, an integrated engineering solutions provider listed on Bursa Malaysia, said the deal reinforces its position in Malaysia’s TRS sector. The company will deploy specialized technical assets to support safe and efficient tubular running operations across Searah’s assets.
Details not yet available on the specific scope of work or asset locations under the contract.
The agreement is expected to enhance Destini’s consolidated earnings and net assets over its five-year-plus duration, aligning with its strategy to strengthen core oilfield services in Malaysia. The contract follows Destini’s recent contract wins in the region, signaling sustained growth in its energy services division.
Analysts view the award as a positive development for Malaysia’s oilfield services sector, though further details on operational impact are pending. The contract’s long-term nature provides revenue visibility for Destini amid fluctuating energy market conditions.
Related: Sea · Bursa Malaysia