President and group chief executive officer Tan Sri Shahril Shamsuddin said the company aims to return to the black when the utilisation of its drilling and E&C business crosses the 70% mark.
KUALA LUMPUR: Sapura Energy Bhd
has secured three new contracts and a contract extension valued at approximately RM815mil in Australia, Brunei, Malaysia and Nigeria, bringing the group's total value in contract wins in the current financial year to-date to RM5.3bil.
President and Group Chief Executive Officer Tan Sri Shahril Shamsuddin said sustained high oil prices had encouraged recovery in investments, which is driving increased activities.
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