SapuraKencana expects O&G sector to remain volatile


KUALA LUMPUR: SapuraKencana Petroleum Bhd, which took a RM2bil hit on its assets last year to account for the sharp drop in oil prices, expects the operating environment in 2016 to remain difficult due to the wild swings in the crude oil market.

Despite the challenges, the company had so far secured about RM6bil in new contract wins, bringing its current orderbook to RM21bil in total.

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