United Asiapac Energy Berhad
MMYX:UNIPAC0.24
MYR
+0.00
(-2.08%)
ISIN
MYQ0468OO007
Return %
Stock
S&P 500
1Y
- -
14.20
3Y
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81.12
5Y
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68.34
Capital Structure
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- CEO
- Ahmad Fadzuli bin Ali
- Sector
- Miscellaneous
- Industry
- Miscellaneous
- Address
- Kuala Lumpur Malaysia
- IPO Date
- Sep 14, 2026
- Similar Companies
- Business
- United Asiapac Energy Berhad is an upstream oil and gas services provider specializing in downhole well intervention, well remediation, and decommissioning solutions for the offshore energy sector. The company operates across three primary business segments: Well Intervention and Fishing Services, Well Decommissioning and Plug & Abandonment (P&A), and Specialized Downhole Tool Rentals and Engineering Support. Its portfolio of products and services includes fishing services for the location, engagement, and retrieval of stuck or lost tubulars, drill strings, packers, and bottom-hole assemblies; plug and abandonment solutions encompassing casing cutting, section milling, mechanical barrier placement, and wellbore isolation for depleted hydrocarbons; sidetracking services utilizing whipstock setting and casing window milling to redirect well paths into new reservoir zones; wellbore cleanout and remediation services including washovers, tubing recovery, and debris extraction; and the supply, leasing, and operational maintenance of specialized downhole drilling and intervention equipment accompanied by field engineers and technical crews. United Asiapac Energy Berhad serves national oil companies, international oil corporations, and production sharing contractors, including Petroliam Nasional Berhad (PETRONAS), Shell, and PTTEP, operating under technical licenses granted by PETRONAS and Petroleum Sarawak Berhad (PETROS). The company was founded in 2013 through the establishment of its core operating subsidiary, Asiapac Oil & Gas Sdn Bhd, and is headquartered in Kuala Lumpur, Malaysia, with key marine and onshore logistical bases in Kemaman, Terengganu, and the Federal Territory of Labuan supporting offshore operations across Peninsular Malaysia, Sabah, and Sarawak. In recent developments, United Asiapac Energy Berhad completed its initial public offering on the ACE Market of Bursa Malaysia in September 2026 under the ticker UNIPAC, raising approximately RM48.73 million in gross proceeds. The company is deploying the IPO capital toward purchasing proprietary well intervention and fishing equipment to reduce reliance on third-party equipment rentals, constructing a new corporate and operational facility, expanding its engineering workforce, and pursuing regional market expansion across Southeast Asia.