NOvEM­BER – Sa­pu­raKen­cana in Forbes Asia’s Fab 50

The Star Malaysia - Star2 - - BIZ -

Sa­pu­raKen­cana Petroleum Bhd be­came the only Malaysian com­pany to make it into the Forbes Asia’s Fab­u­lous 50 list in 2013. The world’s top five in­te­grated oil and gas ser­vices provider was among 18 new com­pa­nies to de­but on the list, which hon­oured Asia-Pa­cific’s big­gest pub­licly-traded com­pa­nies with at least US$3bil ((RM10.2bil) in an­nual rev­enue or mar­ket cap­i­tal­i­sa­tion. Sa­pu­raKen­cana is eas­ily the cor­po­rate sec­tor’s new torch­bearer as it emerged as world’s largest ten­der rig op­er­a­tor fol­low­ing the US$2.8bil ac­qui­si­tion of Nor­way’s Sead­rill Ltd in April. Later in Oc­to­ber it had clinched the much sought-af­ter New­field Ex­plo­ration Co’s oil and gas as­sets in Malaysia turn­ing it into an in­te­grated oil and gas con­cern.

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