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About Petra
Overview
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Organization Structure
OVERVIEW Print

PETRA PERDANA BERHAD (“Petra Perdana?, provides Offshore Marine Services for the upstream oil & gas (“O&G? industry. Listed on the Main Board of Bursa Malaysia Securities Bhd (“Malaysian Stock Exchange?, the Company owns 60% equity in Petra Energy.

PETRA ENERGY BERHAD (“Petra Energy?, provides Integrated Brown Field Services for the upstream O&G industry and specialist services for the petrochemical and general industries. The Company is listed on the Main Board of the Malaysian Stock Exchange.



HOW IT BEGAN


It began when Petra Resources Sdn Bhd (“PRSB?, was formed in 1988 to undertake trading activities for the upstream oil and gas industry. In the same year, PRSB became a licensed vendor to PETRONAS.

Over the years, PRSB systematically developed its resource capabilities in maintenance and operations for the brown field sector, and secured significant contracts from oil majors like ExxonMobil, Talisman Malaysia, Nippon Oil Malaysia, Sarawak Shell, Sabah Shell and PETRONAS Carigali.

To support its growing brown field activities, Petra Fabricators Sdn Bhd (“PFSB? was formed in April 1997 to provide equipment packaging and fabrication services.

In 1995, Petra Perdana, a holding company, was incorporated as part of a strategy to strengthen the Group’s domestic activities. In 2000, Petra Perdana acquired the entire equity stakes of PRSB and PFSB, and was subsequently listed on the 2nd Board of the Securities Exchange. Petra Perdana’s listing was transferred to the Main Board of the Exchange in January 2003.

In 2004, and in line with the continuing growth and expansion of the upstream oil and gas industry, Petra Perdana apart from providing integrated brown field services, expanded its business scope to include offshore marine services.

In an effort to streamline the company's growing business activities, Petra Energy Berhad ("Petra Energy") was formed in 2005. Petra Energy assumed control of the integrated brown field business by acquiring the equity stakes of both PRSB and PFSB. The Company was subsequently listed on the Main Board of the Securities Exchange in July 2007.

Today, Petra Perdana is involved in offshore marine services, while Petra Energy focuses on integrated brown field.