SapuraKencana Petroleum Bhd’s wholly owned subsidiary TL Offshore Sdn Bhd (TLO) has secured some US$25mil (RMworth of job from Pearl Oil (Amata) Ltd, a Mubadala Petroleum affiliate.
Malaysia’s top player Danny Chia shot a solid 5 under 66 to win the RM150,000 Sapura National Qualifier yesterday and earned a second appearance at the CIMB Classic.
SapuraKencana Petroleum Bhd is set to be propelled into the pool of top offshore services providers in the world as it anticipates seven new vessels to be delivered within the next two years.
The federal government is confident of channelling more vessel repair jobs to Labuan now as the outlook of the oil and gas (O&G) sector in the island has improved.
SapuraKencana Petroleum Bhd maintain outperform at RM2.41 with a target price of RM2.97: Congenstion at Brazilian yards is one of the factors that prompted Petrobas to open up the construction of vessels to foreign shipyards.