SAPURA Energy Bhd is arguably the biggest Malaysian casualty of the meltdown in oil prices more than five years ago. What went wrong at Sapura Energy, and why is the company struggling even as oil prices are strengthening? I have 10,000 people who work for Sapura Energy’s best interests.”Shareholders of Sapura Energy were unhappy over Shahril’s salary, which they perceived to be high. Other than divesting assets, Sapura Energy is also looking at a change in strategy. While his explanation on what went wrong at Sapura Energy holds water, many of his industry peers say it won’t be easy getting out of the predicament.

Source: The Edge Markets November 12, 2021 00:51 UTC