Vantris Energy Berhad (“Vantris Energy” or “the Group”, formerly known as Sapura Energy Berhad) today announced the divestment of its 40 percent equity interest in L&T-Sapura Shipping Pvt. Ltd. (“LTSSPL”) which owns and operates the LTS3000 heavy-lift and pipelay vessel, to its joint-venture partner, Larsen & Toubro Limited (“L&T”), for a total consideration of approximately USD 30.5 million (“Proposed Disposal”). The amount consists of equity consideration and the full repayment of the outstanding shareholder’s loan and accrued interests owed to the Group.

Vantris Energy Berhad (“Vantris Energy” or “the Group”, formerly known as Sapura Energy Berhad) is pleased to announce that its indirect wholly-owned subsidiary, Sapura Offshore Sdn Bhd, has been awarded work orders for offshore transportation and installation (“T&I”) in Malaysia by PETRONAS Carigali Sdn Bhd.