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KENCANA EXPECTED TO SEE BIGGER PORTION OF REVENUE FROM INTERNATIONAL PROJECTS.
from BERNAMA, The Malaysian National News Agency KUALA LUMPUR, May 4 (Bernama) -- Kencana Petroleum is expected to derive 50 per cent of its future revenue from international projects, compared to 30 per cent now, according to OSK Research.
In a report today, the research house said that judging from company's current strategy, it was progressively moving abroad to other Southeast Asian countries, Australia, India and the Middle East.
Yesterday, Kencana announced that it had secured purchase orders, estimated at RM166 million, from oil and gas services company Saipem SA for the fabrication of liquified natural gas jetty and marine structures for Chevron Australia. …
