Kencana to venture into drilling business
Offshore staff
KUALA LUMPUR, Malaysia -- Kencana Petroleum Bhd. plans to form a 60:40 joint venture with Thailand's Mermaid Maritime Group to invest in offshore drilling rigs and drilling related activities in Malaysia.
Kencana says the agreement would allow the company access to Mermaid Maritime's technology, expertise, experience, and resources in drilling and drilling related services.
9/21/2007
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