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M3nergy looking as far as Gulf of Mexico for prospects

Malaysia's M3nergy, while positive about exploration and production (E&P) activities in Southeast Asia and its home market in particular, has set its sights on projects further afield as far as the Gulf of Mexico for expansion, local reports said.

Vincent Wee, Hong Kong and South East Asia Correspondent

October 23, 2014

1 Min Read
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Managing director and ceo Shahrazi Sha’ari said M3nergy was also looking at oil fields in Vietnam and Indonesia and that there were opportunities coming up in the region.

“We are looking at opportunities in Vietnam and Indonesia. We have also been invited to participate in projects in the Gulf of Mexico,” he said.

Shahrazi added that there should also be more opportunities in the domestic market, with Petronas leading the way in coming up with more drilling activities in Malaysian waters. “It should be a good opportunity for players like us. The domestic market is buoyant and we have to position ourselves accordingly.”

About the Author

Vincent Wee

Vincent Wee

Hong Kong and South East Asia Correspondent

Vincent Wee is Seatrade's Hong Kong correspondent covering Hong Kong and South China while also making use of his Malay language skills to cover the Malaysia and Indonesia markets. He has gained a keen insight and extensive knowledge of the offshore oil and gas markets gleaned while covering major rig builders and offshore supply vessel providers.

Vincent has been a journalist for over 15 years, spending the bulk of his career with Singapore's biggest business daily the Business Times, and covering shipping and logistics since 2007. Prior to that he spent several years working for Brunei's main English language daily as well as various other trade publications.

See more from Vincent Wee
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