SAPURACREST Petroleum Bhd (8575) , an integrated oil and gas services provider, is bidding for projects worth as much as RM6 billion in the region, including Australia, Saudi Arabia and India.
Its executive vice-chairman Datuk Shahril Shamsuddin said the company hopes to secure between 50 per cent and 60 per cent of those jobs.
"We will continue to bid for projects. Our order book now stands at RM11 billion," he said on the sidelines of the Invest Malaysia 2010 conference in Kuala Lumpur yesterday.
Shahril expects the local oil and gas industry to perform much better than last year.
"I think it's going to be better than last year. Signs of recovery in developing countries are already there. That will drive more development in the oil and gas industry. So the activities there will increase," he said.