kencana/sapuracrest

Malaysian petroleum companies agree $4 billion merger

The proposed merger of SapuraCrest Petroleum and Kencana Petroleum will create an integrated oil and gas company with the ability to undertake larger and more complex projects.

<div style="text-align: left;"> One of Kencana's oil rigs en route to a client </div>

Sameera Anand

July 13, 2011

Malaysian firms SapuraCrest Petroleum and Kencana Petroleum will merge in a $4 billion deal to create a larger, more integrated oil and gas services firm, which is better placed to compete both domestically and across Asia.

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