Petra Energy seen on track to turn around this year

More jobs: Petra Energy’s brownfield operation. The expectations of increased work orders come amid a more stable oil price environment.

DESPITE the still-uncertain prospects of the oil and gas industry, Petra Energy Bhd appears to be on track to turn around its business this year.

Having tendered for about RM1.5bil worth of local jobs, the brownfield services provider is expected to secure more new orders this year to add to its existing order book, which stands at around RM1.5bil, and expected to last through 2018.