Sapura Energy appoints restructuring specialist Borrelli as director

PETALING JAYA: Loss-making Sapura Energy Bhd has appointed restructuring specialist Cosimo Borrelli as its director effective last Friday, just two weeks after it announced its massive debt-restructuring exercise.

Market observers said that aside from its debt restructuring, the oil and gas (O&G) firm is also working on ways to restructure its operations that have been struggling with high operational costs and low-margin contracts.