Sapura Energy expects higher contribution from overseas ventures

Sapura Energy Sdn Bhd, which is venturing into Myanmar and Thailand this year, expects its overseas ventures to make a significantly higher contribution to its revenue for the financial year ending Jan 31, 2004. 

The proposed ventures were expected to be bigger than the company's Indonesian operations, which achieved RM15mil in revenue last year, and reinforce its bid to become a major player in the Asean region, said Sapura group president and chief executive officer Datuk Shahril Shamsuddin.