RESERVOIR LINK ANNOUNCES QUANTUM LEAP IN EARNINGS FOR THE FIRST HALF OF FYE2025
Reservoir Link Energy Bhd (“Reservoir Link”) posted strong growth for the first half ended 31 December 2024, with PBT and PAT surging to RM86.1 million and RM84.7 million, driven by the Nasdaq listing of Founder Group Limited (“FGL”).
Executive Deputy Chairman Thien Chiet Chai reaffirmed the Group’s focus on balancing oil & gas stability with renewable energy growth, pursuing clean energy initiatives and new tenders for sustained expansion.
RESERVOIR LINK’S ASSOCIATE SECURES RM20.0 MILLION FLOATING SOLAR FARM PROJECT
Reservoir Link Energy Bhd’s 45%-owned associate, Founder Group Limited, secured an RM20 million contract to construct a 10MWac floating solar farm in Kuala Langat, Selangor. Scheduled for completion by June 2025, the project reinforces Reservoir Link’s commitment to innovative and sustainable energy solutions.
RESERVOIR LINK APPOINTED AS PANEL CONTRACTOR FOR PETRONAS
Reservoir Link Energy Bhd (“Reservoir Link”) announced that its subsidiary, Reservoir Link Sdn Bhd, has been appointed as a panel contractor by Petroliam Nasional Berhad (“PETRONAS”) for integrated well continuity services, covering intervention, workover, and abandonment for five years until 2029.
This milestone reflects Reservoir Link’s commitment to delivering high-quality, innovative solutions for the oil and gas industry, solidifying its role as a trusted partner to PETRONAS.
RESERVOIR LINK TO VENTURE INTO CARBON CAPTURE PROJECTS
Reservoir Link Energy Bhd’s subsidiary, Reservoir Link Solutions, has signed an MOU with Ad Terra Asia Sdn Bhd to explore carbon capture, utilisation, and storage (CCUS) solutions in Malaysia. The partnership aims to leverage both parties’ expertise to meet the growing demand for carbon capture in the energy sector. The MOU is valid for six months, with an option to extend.
RESERVOIR LINK SECURES CONTRACT FROM HIBISCUS OIL & GAS MALAYSIA LIMITED
Reservoir Link Energy Bhd (“Reservoir Link”) has been awarded a three-year contract by Hibiscus Oil & Gas Malaysia Limited for well leak diagnostic and remedial services, with an option to extend for another year.
