The successful development of the Berantai marginal oil field, located off Terengganu, can be a good model that be replicated in other similar projects, according to its developer.
Read moreSapuraKencana Petroleum Bhd recently signed a RM16.5 billion refinancing club deal that gives better tenure and term to the company’s borrowings including many legacy loans made during the company’s early asset acquisitions.
Read moreShahril said the group sees oppurtunities in greenfield acreages, marginal fields that have not been developed, as well as brownfield projects where the group is able to develop existing oilfields.
Read moreSapuraKencana Petroleum Bhd expects earnings to grow as it would reflect the full year contribution of the tender rigs business, additional earnings from the acquired assets of Newfield Peninsular Malaysia Inc, and revenue steams from both currently contracted assets as well as assets which will be deployed in new markets.
Read moreIn a statement to Bursa Malaysia, the company said net profit for the fourth quarter ended January climbed to RM337.2 million froom RM123.8 million a year ago while revenue dropped to RM1.8 billion from RM1.9 billion previously.
Read moreChina-based and Singapore Exchange-listed Cosco Corp has delivered SapuraKencana 1200, a heavy-lift pipelay vessel. The 154m ABS-class ship is capable of shallow and deepwater operations.
Read moreSapuraKencana Petroleum Bhd announced the succesful conclusion of a RM16.5 billion refinancing club deal signed with 13 local, regional and international banks, coordinated by both Maybank Investment Bank Bhd and CIMB Investment Bank Bhd.
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