SapKen sees gas output in 2017


From left: Shahril, SapuraKencana chairman Datuk Hamzah Bakar and executive director Ramlan A. Malek at the briefing.

SERI KEMBANGAN: SapuraKencana Petroleum Bhd expects to see the first production of gas from the assets it acquired from Newfield Malaysia in the first quarter of 2017, said president and group chief executive officer Tan Sri Shahril Shamsuddin.

Last October, SapuraKencana paid RM2.85bil for the Malaysian oil and gas fields that Newfield sold via a bidding process. These assets are now called SapuraKencana Energy Malaysia Inc (SKEM).

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , SapKen , Newfield , dividend

   

Next In Business News

Bank Negara international reserves fall to US$112.8bil
Oil dips on rising US stockpiles, cautious supply expectations
Alstom to ask shareholders for US$1bil in rights issue to slash debt
Shell to sell Singapore refinery, petrochemical assets to Chandra Asri and Glencore
Malaysia mulls giving full tax exemption on emergency PRS withdrawals
CIMB Research expects OPR to stay at 3.0%
Malaysia to attract more foreign inflows as rich baby boomers pass on wealth worth US$1.9T - SC
Shell to sell Singapore refinery, petrochemical assets to Chandra Asri and Glencore
Sidrec: Number of claims, enquiries received up 11% to 266 in 2023
MNRB's net profit triples to RM428.34mil in FY24 as takaful biz grows

Others Also Read