Sapura Energy Bhd president and group CEO Tan Sri Shahril Shamsuddin
KUALA LUMPUR: Sapura Energy Bhd
is confident that all its divisions – engineering and construction (E&C), drilling, as well as exploration and production (E&P) – will turn profitable within 12 months, driven by higher utilisation of its assets.
President and group chief executive officer Tan Sri Shahril Shamsuddin said the group’s earnings recovery would be seen from its E&C business securing more contracts and an improving rig utilisation rate at its drilling division to about 70% in 12 months from 50% currently.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
