KUALA LUMPUR (Jan 8): T7 Global Bhd (KL:T7GLOBAL) announced on Thursday that its wholly owned unit, Tanjung Offshore Services Sdn Bhd, has secured a work order from PETRONAS Carigali Sdn Bhd.

In a filing with the bourse, the company said the contract involves the provision of integrated well plug and abandonment as well as project management team services for the Zuhal East well. The work order is effective from Nov 17, 2025 to March 31, 2026.

The award follows T7 Global’s earlier appointment as a panel contractor for the provision of integrated well continuity services for intervention, workover and abandonment under PETRONAS’ Pan Malaysia contract.

Meanwhile, the group said the contract is expected to contribute positively to the group’s earnings and net assets for the financial year ending Dec 31, 2025 and onwards until the expiry of the contract. 

A little over a month ago, T7 Global appointed Azman Yakim, who led the group’s energy division, which includes the upstream oil and gas value chain, as its group chief executive officer. He succeeds Tan Kay Zhuin, who held the position for three years.

The group's shares were half a sen or 1.69% lower at 29 sen at the noon break on Thursday, valuing the group at RM261.8 million.