RM1.15bil shot in the arm for Sime

PETALING JAYA: The RM1.15bil contract win by Sime Darby Bhd's wholly-owned Sime Darby Engineering Sdn Bhd to fabricate topsides for the Kebabangan northern hub development project is viewed positively by analysts as it shows progress for the conglomerate to turn around losses in the oil and gas (O&G) division.

The project is secured from Kebabangan Petroleum Operating Company Sdn Bhd.