UOB Kay Hian Research analyst Kong Ho Meng said while there have not been any large tenders awarded by Petroliam Nasional Bhd (Petronas), it expected contracts to be rolled out from next year. In Malaysia, he said, about 11% or about 35 of the over 300 platforms have been operating for over 40 years, and more than 200 wells have already been identified to be plugged and abandoned.
KUALA LUMPUR: Petronas has emphasised that all its dividend payments, including the one-off special dividend and any future dividends, will take into account its ability to service debts.
In a statement, it also said that the dividend payments also took into account its ability to fund ongoing operations and invest in future growth.
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