PETRONAS PAO 2025 expansion and PETROS Sarawak domestic-licensee push are driving the strongest tender pipeline since 2017 — HUC and MCM packages lead with RM 4.2B addressable.
Active PQs at 34 YTD vs 22 same period last year. Win rate on PETRONAS / PETROS packages is 41%, well ahead of the 19% on international IOC packages. AI scraping of PETRONAS MyVendor, PETROS SUPPLY and TNB e-tender portals shows RM 4.2B of addressable pipeline relevant to our segments over the next 12 months.
Reallocating BD capacity from international IOC to PETROS-aligned Sarawak licensee work should lift expected win value by RM 220M over the next two quarters while protecting share against newer Bumiputera O&G services entrants.