Carimin Petroleum Bhd
MMYX:CARIMIN0.39
MYR
+0.01
(+2.63%)
ISIN
MYL5257OO000
Return %
Stock
S&P 500
1Y
-34.45
14.39
3Y
-53.57
81.42
5Y
-50.94
68.62
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
MYR
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in mil. unless spec.Quarterly Revenue
MYR
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in mil. unless spec.Quarterly Earnings Per Share
MYR
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in mil. unless spec.Quarterly Dividends Per Share
MYR
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in mil. unless spec.Company Description
- CEO
- Mokhtar bin Hashim
- Full Time Employees
- 142
- Sector
- Industrial services
- Industry
- Oilfield services/Equipment
- Address
- B-1-6, Megan Avenue 1 Kuala Lumpur WP Malaysia 50400
- IPO Date
- Nov 10, 2014
- Website
- carimin.com
- Similar Companies
- Business
- Carimin Petroleum Berhad operates as a leading provider of integrated technical and engineering support services to the oil and gas industry in Malaysia. The company’s core offerings include onshore and offshore major maintenance; hook-up and commissioning services; engineering, procurement, fabrication, and construction (EPFC) activities; structural and piping fabrication; electrical and instrumentation installation; marine support services involving the deployment and chartering of work barges, accommodation vessels, fast crew boats, and anchor handling tug supply vessels; subsea underwater inspection, repair, maintenance, and integrity management (IRM) services; and onshore pipeline construction and civil contracting including geotechnical engineering products. Carimin also provides manpower supply and general contracting services, positioning itself as a comprehensive solutions provider for Oil & Gas projects and related sectors. Founded with headquarters in Malaysia, Carimin is licensed by PETRONAS to supply products, services, marine vessels, and underwater inspection services within the Malaysian oil and gas sector. It has completed projects valued at over RM2 billion and maintains strategic relationships with major oil players such as PETRONAS Carigali, Shell, Exxon Mobil, and others. The company operates facilities in Kemaman, Terengganu, and Labuan for onshore prefabrication and fabrication works, supporting its extensive operational footprint across Malaysia’s offshore and onshore oil and gas infrastructure. Recent major developments include Carimin’s strategic acquisition of a new crew boat from Penguin Shipyard Asia, valued at approximately RM23.4 million (US$4.96 million), enhancing its marine service capabilities. The company has also recently divested its wholly-owned subsidiary Carimin Acacia Offshore Sdn Bhd’s workboat assets to Keyfield for RM76 million, expected to generate a disposal gain of RM4.6 million and reduce capital and operating expenses by RM10 million to RM12 million. Additionally, Carimin’s subsidiary Carimin Engineering Services Sdn Bhd, in joint venture with Evolusi Bersatu Sdn Bhd, secured a five-year contract for oil and gas maintenance services, reflecting the company’s growing operational focus and market positioning in 2025. Carimin’s business segments include manpower services, construction, offshore hook-up and commissioning and topside major maintenance, marine services, civil construction, and others involving investment holding, corporate management, and equipment rental. This diverse portfolio supports a robust service offering tailored to upstream and midstream oil and gas clients across Malaysia with ambitions to scale activities further in East Malaysia. The company's sustained profitability recovery in late 2025 and ongoing share buyback program underscore its commitment to operational excellence and shareholder value enhancement.