Alliance Research: Another robust year ahead for O&G


Dateline 2013-10-17, The Sun:

Malaysia’s oil and gas (O&G) sector is expected to see another robust year in 2014, with a flush of news flow and new tenders coming in not only from the country but also in the region, said Alliance Research.

It continues to hold an “overweight” call on the sector as robust contract flow is slated to continue with new developments like marginal fields, enhanced oil recovery projects and new gas developments.

Alliance Research pointed out that Petroliam Nasional Bhd’s (Petronas) continued commitment to spend RM60 billion over the next five years as well more “good news” may emerge later this year or 2014 when new fabrication jobs come on-stream that will augur well for the sector.

“We expect more positive news flow ahead, especially in Malaysia, and this indicates that 2014 will be another robust year for the sector, especially in the engineering, procurement, construction and commissioning (EPCC) and engineering, procurement, construction, installation and commissioning (EPCIC) segments,” the research firm said in a report yesterday.

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