Kuala Lumpur: Malaysia’s SapuraKencana Petroleum has allocated $500m of annual capital expenditure (capex) over the next three years, mainly to strengthen its drilling, energy services and fabrication, and hook up and commissioning (HUC) segment.
”We are investing in our drilling business and we will continue to build more rigs. Meanwhile, some funds will be spent on the development capex of the energy business,” its president and group ceo Tan Sri Shahril Shamsuddin said yesterday.