Petra Energy eyes chunk of Petronas' RM3.2b contracts

Petra Energy is confident of securing a "significant chunk" of the contracts by Petronas worth RM3.2 billion of which the results will be known in six months.

Petra Energy's recently appointed CEO Kamarul Bahrain Albakri said the company "hopes to secure a good percentage of it (the contracts)" because it already has a good track record with its other partners like Shell".

"We're confident of securing from a technical perspective. That's where we see it enhancing our book orders," he said at a press conference after its AGM on Tuesday, June 29.

"We are quite confident with the uptrend in the oil and gas industry. We are very well positioned with our track record," he added.


Written by Daniel Khoo
The Edge Malaysia