PETRONAS Plays Up Technology, Efficiency Gains in Tough Times


Dateline 2015-06-01, Rigzone:

A change of guard at Malaysia’s national oil company (NOC) PETRONAS amid unfavorable oil price movements spells the start of a tighter fiscal regime, but instead of outright cost cutting, its new CEO is paying more emphasis on continued investment in differentiating technologies and increasing operational efficiencies.

Wan Zulkiflee Wan Ariffin understands as the new captain at Petroliam Nasional Berhad (PETRONAS), he needs to steer the company through a “drastic downturn” with market conditions completely reversing those of the reign of his predecessor, Shamsul Azhar Abbas.

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This entry was posted on Sunday, July 12th, 2015 at 6:41 am and is filed under Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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