KUALA LUMPUR: Petronas Carigali Sdn Bhd (PCSB) right this moment introduced it has accomplished the switch of its complete possession in E&P O&M Companies Sdn Bhd (EPOMS) to Janamurni Sdn Bhd.
EPOMS is wholly owned by E&P Enterprise Options Co. Sdn Bhd (EPVS), a subsidiary of PCSB. Integrated in 2012, EPOMS supplies built-in frontline operations and upkeep providers for all floating services, together with related flowlines and pipelines, in Malaysia.
EPVS signed the sale and buy settlement (SPA) on Dec 29, 2021 with Janamurni Sdn Bhd, which incorporates the switch of all EPOMS employees’s employment contracts to the brand new proprietor.
“The train follows Petronas’ steady assessment of its enterprise portfolio to make sure a greater slot in its development technique within the quickly evolving vitality panorama.
“Petronas stays targeted on sustaining a sturdy portfolio with a wholesome and sustainable threat and return profile because it expands into non-traditional companies, together with new vitality and renewables, to enhance its low carbon profile and advance its sustainability agenda,” it mentioned in an announcement right this moment. – Bernama