PETALING JAYA: Petroliam Nasional Bhd (PETRONAS) is maintaining an upbeat stance on the subsurface and underwater segments of its business moving forward towards 2025, including rigs drilling, hydraulic workover units, and well services.
The national oil company attributed the positive outlook for the sections to a number of factors, including the recovery in oil price compared to 2021, the relaxation of lockdowns and movement restrictions as well as increase in workover recompletion to reactivate idle wells and well plug and abandonment.
Already a subscriber? Log in.
Save 30% and win Bosch appliances! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
