United Asiapac Energy Berhad provides specialised fishing, plug & abandonment, and sidetracking services to support Malaysia's oil and gas industry — from Peninsular Malaysia to East Malaysia.
Our Group specialises in three core service lines that support the full lifecycle of oil and gas wells in Malaysia.
Recovery of stuck pipes and downhole tools using an extensive inventory of fishing tools. We restore well productivity and minimise non-productive time for operators.
Environmentally compliant well decommissioning services aligned with Malaysia's Environmental Quality Act 1974. We support operators in responsible hydrocarbon well retirement.
Milling tools for casing removal and directional sidetracking to bypass obstructions and access new reservoir targets, extending the productive life of wells.
As a Malaysian specialist, we combine deep local knowledge with technical excellence to serve national and international oil companies operating in Malaysia.
About Our GroupContracted under PETRONAS Carigali's Pan Malaysia Provision of Fishing Equipment and Services framework.
Fishing, milling, and P&A tools ready for rapid mobilisation across a wide range of well scenarios.
Kemaman for Peninsular Malaysia and Labuan for East Malaysia — both critical oil and gas hubs.
Serving national and international oil companies including PETRONAS Carigali and PTTEP Group.
A Malaysian-born well intervention specialist serving the nation's oil and gas industry since 2021.
United Asiapac Energy Berhad is an investment holding company whose subsidiary, Asiapac Oil & Gas Sdn Bhd, specialises in the provision of well intervention solutions — including fishing services, plug & abandonment (P&A) services, and sidetracking services — to support Malaysia's oil and gas industry.
Incorporated in Malaysia, our Group has a deep understanding of the local industry landscape, regulatory requirements and operational nuances. Our strategic locations in Kemaman and Labuan give us a competitive edge in delivering timely, cost-effective services to both national and international oil company clients.
Our Group is currently undertaking an IPO and seeking listing on the ACE Market of Bursa Malaysia Securities Berhad.
Asiapac Oil & Gas Sdn Bhd established as the operating entity.
Secured the Pan Malaysia Provision of Fishing Equipment and Services contract with PETRONAS Carigali commencing October 2020.
United Asiapac Energy Berhad incorporated as the holding company in preparation for IPO listing.
Pre-IPO restructuring completed; Asiapac Sabah joint venture established; public listing on Bursa Malaysia's ACE Market initiated.
The listed holding company (to be listed on ACE Market of Bursa Malaysia). Registration No.: 202401042682 (1588527-T).
99.46% subsidiary. The principal operating entity providing well intervention solutions across Peninsular Malaysia and East Malaysia.
30% associate company established via joint venture agreement dated 28 January 2025 to expand well intervention services in Sabah.
Specialised downhole services to maximise well productivity, ensure regulatory compliance, and support sustainable field operations.
Fishing services are deployed when downhole tools, pipe strings, or other equipment become stuck or lost in a wellbore during drilling or workover operations. The goal is to retrieve the fish (the stuck object) efficiently, restoring the well to productive operation.
Our team of well intervention specialists and extensive fishing tool inventory enables us to address a broad spectrum of downhole scenarios. We deploy the right tools at the right time, minimising non-productive time (NPT) for our clients.
P&A services address the decommissioning of wells that have reached the end of their productive life. Properly abandoned wells protect the environment, meet regulatory requirements, and remove liability for operators.
Our P&A services are a sustainable solution for the growing number of maturing hydrocarbon wells in Malaysia. As fields age, demand for compliant and cost-effective well abandonment increases — positioning us as a partner of choice for this growing service segment.
Sidetracking is a drilling technique used to bypass an obstruction in an existing wellbore, access bypassed reserves, or enter a new reservoir section. It extends the productive life of wells that would otherwise be abandoned.
Our milling tools and sidetracking capabilities enable operators to achieve well rejuvenation at a fraction of the cost of drilling new wells, unlocking additional reserves from established fields.
We are also expanding our service portfolio to include e-line, slickline and wireline recovery services for small hole fishing, and hydrocarbon well cleanout services to remove obstructions and debris — directly responding to client demand.
Serving clients in Peninsular Malaysia. Ideally positioned near major offshore oil fields in the South China Sea.
Critical base for East Malaysia operations, serving deepwater and shelf assets offshore Sabah and Sarawak.
Committed to the Malaysian Code on Corporate Governance 2021 and ACE Market Listing Requirements of Bursa Malaysia.
Oversees financial reporting, internal controls, risk management and external/internal audit functions. Comprises exclusively Non-Executive Directors with a majority independent.
Responsible for evaluating Board composition, recommending director appointments, and conducting annual performance assessments of the Board and individual directors.
Establishes fair and transparent remuneration frameworks for Directors and key senior management, ensuring rewards are commensurate with individual and company performance.
Sets out the principal functions, composition, roles and responsibilities of Directors in accordance with MCCG 2021 and ACE Market Listing Requirements.
Zero-tolerance stance on bribery and corruption. Covers gifts & hospitality, facilitation payments, kick-backs, CSR donations, and dealings with public officials. Compliant with MACC Act 2009.
A transparent and confidential process for reporting improprieties. Protects whistleblowers from retaliation under the Whistleblower Protection Act 2010.
Integrates environmental stewardship, social responsibility, and governance across Group operations. Aligned with Bursa Malaysia's Sustainability Reporting Guide and GRI Standards.
Governs the Audit and Risk Management Committee's authority, composition, duties and responsibilities in overseeing audit, risk, and compliance matters.
Ensures Board candidates are assessed on quality, integrity, credibility and competencies prior to appointment, as required by the ACE Market Listing Requirements.
The Group adopts a zero-tolerance approach to all forms of bribery and corruption. An Integrity and Governance Unit (IGU) headed by the IG Officer oversees implementation and reports directly to the Board.
Employees, vendors, stakeholders and customers can report concerns — including fraud, corruption, non-compliance, misuse of funds, and other improprieties — through a confidential channel.
Gifts received exceeding RM300 must be declared. Employees are generally not permitted to provide gifts to third parties except where specifically authorised. A Gifts Register is maintained by the IGU.
The Company protects whistleblowers from retaliation, reprisal, and any form of detrimental action. Identity is kept strictly confidential. Retaliation against a whistleblower is a serious violation of our Code of Conduct.
Incorporating sustainable practices across our operations — environmental, social, and governance.
Actively addressing and mitigating the impact of our operations on natural resources. We implement strategies to reduce emissions, minimise waste, and conserve energy.
Promoting fair labour practices, supporting community engagement, and ensuring the well-being and development of our employees and the communities we operate in.
Maintaining robust corporate governance by adhering to strict compliance standards, fostering accountability, and ensuring transparent oversight from our Board of Directors.
Our sustainability pillars directly contribute to the following United Nations SDGs:
United Asiapac Energy Berhad is seeking listing on the ACE Market of Bursa Malaysia Securities Berhad.
Issue shares made available for application by the Malaysian public via balloting.
Issue shares allocated to eligible directors, employees and persons who have contributed to the success of United Asiapac Energy.
Issue shares placed by way of private placement to selected investors.
Principal Adviser, Sponsor, Underwriter and Placement Agent for our IPO.
Registration No.: 197301001467 (14948-M)
A Participating Organisation of Bursa Malaysia Securities Berhad.
This document does not constitute an offer for subscription or purchase of securities. Prospective investors should refer to the full registered Prospectus filed with Bursa Securities.
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