SBM sees RM100m revenue


KUALA LUMPUR: SBM Malaysia Sdn Bhd, an oil and gas support services company, expects to derive RM100mil in revenue from the US$1.2bil floating, production, storage and offloading (FPSO) Aseng contract won by its parent company SBM Offshore N.V.

SBM Malaysia’s portion of the project includes engineering, procurement and project management services for FPSO Aseng that will be in operation in 2012 with the capability of processing 80,000 barrels of oil per day.

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