GFM Services Berhad has announced that its Energy division has secured additional release orders worth RM83.1m for major turnaround work packages at the Pengerang Integrated Complex in Johor. These orders, part of the existing Integrated Turnaround Main Mechanical and Maintenance Mechanical Static contract, are expected to commence in 2027.
The orders include RM16.3m secured by GFM’s wholly owned subsidiary, Highbase Strategic Sdn Bhd, from PETRONAS Chemicals Isononanol Sdn Bhd, and RM66.8m by its 60%-owned subsidiary, Shapadu CR Asia Sdn Bhd, from Pengerang Refining Company Sdn Bhd. This brings the cumulative value of work packages for the upcoming turnaround cycle at Pengerang to RM231.3m, following previous orders announced in July.
The Pengerang Integrated Complex, operational since 2019, is gearing up for its first major turnaround cycle, which involves extensive maintenance, inspection, and replacement works to ensure operational reliability and safety. The additional scopes secured by Highbase and SCRA add to the manhour requirements, highlighting the scale of the programme.
GFM’s Managing Director, Ruslan Bin Nordin, stated, “The latest awards demonstrate the depth of expertise and complementary capabilities that the Group has developed across its Energy division.” He emphasised GFM’s commitment to delivering the awarded works safely and efficiently, reinforcing its position in Malaysia’s downstream oil and gas industry.
The Group anticipates that these release orders will positively impact its earnings for the financial year ending 31 December 2027.
