SapuraKencana to focus on biz acquisitions and more job awards

SERI KEMBANGAN: SapuraKencana Petroleum Bhd, which has an order book of close to RM20 billion, is looking for business acquisitions and more job awards to prop up its revenue, after saving some RM500 million through cost cuts.
"Now, we want to focus on bringing in the topline. Over the past two years, we've been focusing on taking the cost out," president and CEO Tan Sri Shahril Shamsuddin told a press conference here today after the group's three-hour long AGM today.
He noted that SapuraKencana has saved some RM500 million in operation cost since the beginning of the low oil price environment.
"We're targeting to squeeze another RM250 million per annum. This is important because our internal target for oil prices is US$35 to US$40 per barrel," he explained.
Nonetheless, given the recent rebound in oil prices, Shahril stressed that SapuraKencana is eyeing more small jobs as well as expanding its presence globally.