With its sights set on expanding to regional markets by 2015, Deleum Bhd is looking to secure tenders valued at least at 2 billion rgt ($664.12 mln), primarily from the domestic market.
Currently, it has 1.4 billion ringgit in contracts, lasting the company until 2018, driven by its three main integrated business segments, namely power and machinery, oilfield services and maintenance, repair and overhaul.
At a media briefing following its annual general meeting in Kuala Lumpur on Thursday, the company's group managing director Nan Yusri Nan Rahimy said the company hopes to expand its business to Brunei, Thailand, Saudi Arabia, Qatar and Oman.
Following the recent international Offshore Technology Conference in Houston, he said the company is eyeing partnerships and joint ventures for projects in two or three other countries.-Malaysian Reserve.
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NOTE: Reuters has not verified these stories and does not vouch for their accuracy.
($1 = 3.0115 Malaysian ringgit) ($1 = 3.0115 Malaysian ringgits)