Jobs galore for SapuraCrest, Kencana?

SapuraCrest Petroleum Bhd and Kencana Petroleum Bhd will benefit the most among Malaysian oil and gas services providers from a “staggering” RM27 billion of potential contracts, CIMB Investment Bank Bhd said.

The bulk of the jobs are domestic and in line with a strategy by the government and Petroliam Nasional Bhd to commit more resources into Malaysia and developing domestic reserves, CIMB analyst Norziana Mohd Inon said in a report today. - Bloomberg