A mammoth task for Sapura Energy

TheStar Sat, Apr 02, 2022 08:20am - 2 years View Original


Staying afloat: A Sapura Energy vessel. The oil and gas company hopes to use around RM1.5bil to RM1.8bil from asset disposals for working capital purposes.

“THE first priority is to survive 2022,” quips Datuk Anuar Mohd Taib, group CEO of beleaguered Sapura Energy Bhd.

The oil and gas (O&G) stalwart, who was once tipped to helm Petroliam Nasional Bhd or Petronas, assumed the top job at Sapura Energy some 15 months ago.

At that time, Sapura Energy was already facing a myriad of issues, especially its mounting debt.

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