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Crest Petroleum Bhd expects its recently won RM2bil contract to further boost growth momentum and put it in a better position to push forward its regional expansion plans.
The three CEOs we feature today are entrepreneurs who have carved a name for themselves in their respective businesses. They are Datuk Shahril Shamsuddin of the Sapura group of companies, Datuk Kevin Tan of TSH Resources Bhd, and Datuk Lim Kim Hong of I-Berhad.
SAPURA Group expects to complete its restructuring exercise by the end of this year, its president and chief executive officer Datuk Shahril Shamsuddin said.
CREST Petroleum Bhd will be acquiring a new US$70mil self-erecting tender-assisted drilling rig and taking over management control of its offshore drilling joint ventures with Norwegian-owned regional drilling contractor Smedvig Asia Ltd as part of a corporate rationalisation exercise.
SAPURA Energy Sdn Bhd, which is venturing into Myanmar and Thailand this year, expects its overseas ventures to make a significantly higher contribution to its revenue for the financial year ending Jan 31, 2004.