Newfields assets paying off SapuraKencana

Shahril: ‘Acquisition is in line with SapuraKencana’s strategy to build a balanced portfolio of E&P assets’.

SAPURAKENCANA Petroleum’s Newfields oil and gas (O&G) assets which it bought in January this year for US$898mil are begining to pay off.

The acquisition that caught the attention of its competitors, gave the local O&G giant the capabilities to bid for more jobs in the exploration and production area of the O&G industry as prices settle down to more realistic levels of less than US$80 per barrel.