Wednesday 13 April 2011

SapuraCrest to invest US$1b in 3 years

SapuraCrest Petroleum Bhd, a Malaysian oil and gas services provider, plans to invest US$1 billion in the next three years to boost capacity as it undertakes more projects at home and abroad, Vice Chairman Shahril Shamsuddin said in an interview.

The company is bidding for RM5 billion to RM8 billion worth of jobs, he said. It already has an RM8 billion order book for the next three years, Shahril said. -- Bloomberg