Dateline 2011-10-20:
Kencana Petroleum Bhd is in talks to acquire more than 130 acres beside its fabrication yard in Lumut, Perak, sources said.
It is understood that Kencana is close to sealing the deal, which could see the company substantially increase its yard space to enable it to take on larger jobs.
It is still not clear which parties Kencana is in negotiations with, but among its neighbours is Lumut Maritime Terminal Sdn Bhd (LMT), which is 50% plus one share controlled by the Perak government
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Wata - Malaysian Oil and Gas Engineer 