KUALA LUMPUR (Sept 7): T7 Global Bhd has received a letter of award from Petronas Carigali Sdn Bhd to provide platform-based underwater inspection services by utilising mini remotely operated vehicles (mini-ROV) for over 30 offshore structures such as jackets and pipelines in Malaysia.

In a Bursa Malaysia filing on Wednesday (Sept 7), T7 Global said its unit Tanjung Offshore Services Sdn Bhd received the award, which is effective for two years until Aug 11, 2024.

T7 Global group chief executive Tan Kay Zhuin said this is the company’s third mini-ROV contract, with the previous contracts awarded by Petronas in 2019 and Pioneer Pegasus Sdn Bhd in 2021 for a total of 15 platforms inspection works.

He said the mini-ROV business is anticipated to provide annual recurring revenue for T7 Global.

“We view this as a long-term sustainable business where technology plays a vital role in transforming the way we perform inspection and maintenance works.

“T7 Global presents an innovative underwater inspection and maintenance approach in the region and welcomes offshore operators to consider our solution," said Tan.

He said the mini-ROV is one of T7 Global’s early initiatives, having begun as a trial project in 2019 through its offshore construction services segment, where the company integrates compact robotic inspection technology into the underwater operations.

At the midday break on Wednesday, T7 Global shed 0.5 sen to 31.5 sen with 207,000 shares traded.