KUALA LUMPUR (March 27): Steel Hawk Engineering Sdn Bhd, a wholly owned subsidiary of oil and gas services provider Steel Hawk Bhd (KL:HAWK), has been appointed as a panel contractor for engineering, procurement, construction, and commissioning (EPCC) works for remote operations by Petronas Carigali Sdn Bhd.

In a bourse filing on Thursday, Steel Hawk said it had received written consent from Petronas Carigali to disclose the appointment.  

The appointment is valid for five years, starting from Feb 28, 2025, to Feb 27, 2030. The work will be conducted on a call-out basis, with no fixed value specified for the projects, according to the filing.

“In less than a year, we have secured five new contracts, with the sixth being this panel contractor appointment. We believe what gives us an edge is the consistent quality of our work, strong technical know-how, and our commitment to safety and delivery.

“Collectively, these contracts are expected to contribute meaningfully to our earnings, moving forward, supporting our growth trajectory and reinforcing our position in the market,” said Steel Hawk’s deputy chairman and executive director Datuk Sharman K Michael.

Steel Hawk, which had transferred to the ACE Market from the LEAP Market in September last year, specialises in providing both onshore and offshore support services for the oil and gas sector.  

With operations in Kemaman, Terengganu, and Miri, Sarawak, the group offers comprehensive services including EPCC for chemical injection skids, facility improvements, and maintenance services.  

Steel Hawk also provides on-site installation, maintenance, and supplies for various oilfield equipment, such as pipeline inspection gauge systems, fire-rated doors, and oil spill recovery equipment.

At the time of writing on Thursday, Steel Hawk shares were down half a sen or 1.1% to 44.5 sen, valuing the group at RM215.68 million.