KUALA LUMPUR: Barakah Offshore Petroleum Bhd
is bidding for RM1.7bil worth of jobs in the local and international markets.
Group president and chief executive officer Nik Hamdan Daud said on Wednesday the company had also secured RM1.6bil of orders despite the overall slowdown in the oil and gas industry.
Last year, the group only managed to secure RM170mil of work orders.
The company said that most of its new jobs, such as the Petronas Carigali's pipeline inspective gauges trap maintenance for Malaysia, as well as the repair and maintenance of Sabah-Sarawak Gas Pipeline will keep the group busy until 2018.
Moving forward Nik Hamdan said the group is confident that its lean business model and cost cutting measures will make Barakah resilient and put the group in a good position to tap on a sustained recovery in the oil and gas industry.
"We are on track to be able to survive this," he said.
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