M3nergy targets expansion

Kuala Lumpur: Oil and gas exploration and production firm M3nergy has set its sights on oil fields in Vietnam, Indonesia and the Gulf of Mexico for expansion.

“We are looking at opportunities in Vietnam and Indonesia. We have also been invited to participate in projects in the Gulf of Mexico,” said Datuk Shahrazi Sha’ari, ceo of M3nergy.

He said M3nergy was positive about exploration and production of hydrocarbon activities, particularly in Southeast Asia, adding that there should be more opportunities in the domestic market, with Petronas leading the way in coming up with more drilling activities in Malaysian waters. [23/10/14]