KUALA LUMPUR: Energy services firm SAAG Consolidated Bhd aims to raise capital over the next few months to help finance the purchase of up to four oil rigs as demand is booming worldwide, a company official said.
Energy companies use the rigs, which typically cost US$12mil to US$15mil for a basic version, to maintain maturing oil wells.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
