Offshore Technology · March 12, 2026 · 1 min read

SLB OneSubsea wins PTTEP Sabah Oil EPC contract in Malaysia

Analysis

OilCyprus Editorial

SLB OneSubsea has been awarded an EPC contract by PTTEP Sabah Oil for a deepwater project in Malaysia. This contract signifies continued investment in offshore oil and gas development in the region and highlights SLB OneSubsea's capabilities in deepwater engineering and construction.

Key Facts

SLB OneSubsea secured the EPC contract.
The contract is for a deepwater project in Malaysia.
PTTEP Sabah Oil, a subsidiary of PTTEP, is the client.

Market Impact

This contract win strengthens SLB OneSubsea's position in the subsea EPC market and demonstrates the ongoing viability of deepwater projects, particularly in Southeast Asia. It suggests a continued commitment to offshore exploration and production by PTTEP, despite global pressures towards cleaner energy sources. The project will likely stimulate further investment in the Malaysian oil and gas sector and create opportunities for local suppliers and contractors.

Why This Matters for Cyprus

This award signals continued investment in offshore oil and gas development, providing opportunities for companies involved in subsea engineering, construction, and related services.

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