I’ll believe it when my company’s liquidy increases a hundred-fold. ‘Course, it’s hard not to be able to increase the RM1.32 we have in our bank balance… we find more money down the side of the couch.
Dateline 2010-08-06:
Malaysia’s oil and gas service providers are expected to secure at least RM10-RM15 billion worth of jobs in the next 18 months, said ECMLibra Investment Research.
It said the oil and gas service industry looked promising and vibrant given the line-up of jobs ahead which were expected to be completed between 2013 and 2015.
“The jobs are related to enhanced oil recovery projects, deepwater, onshore downstream and also marginal fields.
“Petronas has already clearly indicated that it was time to step up investments at home given the declining local production and we believe redevelopment projects like Tapis will be the first to go ahead,” ECMLibra said in its research note on Friday.
The research house added that the Tapis would likely take off soon followed by deepwater projects and then the front-end engineering and design jobs.
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Wata - Malaysian Oil and Gas Engineer 