Wednesday, May 2, 2012

Puncak Oil & Gas Secured 500mil Contract

Puncak Niaga Holdings Bhd, which ventured into the oil and gas industry last year, has managed to secure contracts worth RM500 million, said its executive chairman Tan Sri Rozali Ismail.

Its involvement in the industry is via wholly-owned unit, Puncak Oil and Gas Sdn Bhd (POG), which had stakes in Global Offshore (M) Sdn Bhd and KGL Ltd last year.

Rozali said the company has been involved in many projects here and was ready for expansion overseas after recruiting experienced and capable staff to expand the oil and gas operations.

Maybe now it's a good times to move on to Puncak Oil & Gas. But they did not specify where the contract comes from. The most important is, for what project? Probably various orders? Or probably just a wild gossip to boost up their image in oil & gas so they can easily win the future project bid with Petronas or other operators. 

Read more: business times

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