Sarawak oil company PETROS will have RM40 billion in CAPEX over the next 5 years.

HarryTeo wrote a column · Nov 2 22:54

Petros plans to allocate RM40 billion for capital expenditure over the next five years.

Sarawak oil company PETROS will have RM40 billion in CAPEX over the next 5 years.

There were previous market rumors that PETRONAS would issue contracts worth RM-10 billion, and companies receiving these contracts will have benefits. $T7GLOBAL (7228.MY)$ $DELEUM (5132.MY)$ $DAYANG (5141.MY)$ $PENERGY (5133.MY)$ $SAPNRG (5218.MY)$ $CARIMIN (5257.MY)$

DELEUM has already secured two contracts awarded by the national oil company on October 30, and it is believed that other oil and gas companies will also gradually receive contracts. Although the MCM contract has a low margin, it is expected to provide continuous income to these oil and gas companies.

While PETROS' headquarters are in Sarawak, there is a high likelihood that future CAPEX will be awarded to companies in Sarawak. The main oil & gas companies from Sarawak are DAYANG and PENERGY. $KKB (9466.MY)$ They may also indirectly benefit.

To learn more about the development of Sarawak, everyone can watch the following video for more information.

https://youtu.be/Ip2ZEIDuoD0