- Business
- Dayang Enterprise Holdings Bhd is a Malaysia-based investment holding company providing integrated offshore maintenance and support services to the oil and gas industry. The company offers topside maintenance services including maintenance of pipes, valves and topside structures as well as electrical and instrumentation services; onshore fabrication of pipe and valve systems, skids, steel structures, handrails and helideck extensions; offshore hook-up and commissioning encompassing electrical engineering, system design, procurement, wiring, panel installation, testing and commissioning; chartering of marine vessels with offshore accommodation and catering; rental of offshore equipment; and marine support services through its associate Perdana Petroleum Bhd. Dayang operates primarily in Malaysia's offshore oil and gas sector, serving major clients including Sarawak Shell Bhd, Sabah Shell Petroleum Co Ltd and Petronas Carigali Sdn Bhd, with target customers comprising upstream oil and gas producers. Founded in 1980 and headquartered in Miri, Sarawak, the company owns wholly-owned subsidiaries Dayang Enterprise Sdn Bhd, DESB Marine Services Sdn Bhd and Fortune Triumph Sdn Bhd, while maintaining a controlling 63.67% stake in Perdana Petroleum Bhd as of March 2023. In recent developments, Dayang secured a RM1 billion pan-Malaysia maintenance, construction, modification and hook-up commissioning services contract package B4 from Sarawak Shell Bhd and Sabah Shell Petroleum in November 2024 for a primary five-year term; was awarded three major offshore topside maintenance contracts valued at an estimated RM4 billion from Petronas Carigali in early 2025 covering packages A3, SKA Oil and A5 SBA Southern each for five years with a five-year extension option; and obtained work orders for offshore supply vessel charters from oil majors in March and April 2025.