NOvEMBER – SapuraKencana in Forbes Asia’s Fab 50
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.