Anuar taib biography of albert

That the refinancing done, we have secured a breather, so now we have to go out and make sure they trust us to continue to be with us. As at end-January, the company had total assets of RM Other than a fleet of six derrick lay vessels and barges, six pile-laying barges, 41 remotely operated vessels and three fabrication yards two major and one minorSapura Energy has several other large assets, acquired over the years.

Therefore, we start looking at what to do with this kind of portfolio and assets. We think by about or so, we [will undergo] what we call a portfolio evolution. We will start looking at the portfolio that we have; even today we are reviewing all of our assets and some of our businesses. Are those better off with us or would they be better off with someone else who would want to invest in them even more?

The Edge asks Anuar if he thinks Sapura Energy at Follow us on our official WhatsApp channel for breaking news alerts and key updates! Corporate News. Report a mistake. What is the issue about? Spelling and grammatical error.

Anuar taib biography of albert

Factually incorrect. Story is irrelevant. Please provide details of the report. Email optional Please enter valid email. Please re-try again. Tan Sri Shahril will be passing the baton after ensuring the Group remains agile and resilient during the current difficult operating conditions; sustaining progress from its comprehensive transformation plan.

Datuk Mohd Anuar was appointed independent and non-executive director of Sapura Energy in August What we need help [for], in times like this, is to ask their team to expedite valid claims. Will there be more surprises after the second quarter results? How dire is the situation, the need for funds, capital injection? Is there a figure on how much you need to raise to settle your payments to subcontractors?

Does Sapura Energy need another round of recapitalisation, especially after the latest round of quarterly results? We still have ongoing business. We are putting lots of effort to get ourselves healthier. We are working with clients, shareholders … We are negotiating with clients. Those things are continuing. We will see. I think this is part and parcel of the journey to become healthier.

It is still too early to say what will be the outcome of all the conversations we are having. The refinancing earlier this year is sufficient? But in my mind, it is not sustainable for us. We really have to work on how to pare it down. You mentioned there is a short-term liquidity mismatch. You mentioned it is too early to see whether you need recapitalisation.

What will determine that? In essence, there are many things we can do to solve that. Today, the entire contract value or change order contract claim is around RM1 billion. There are a lot of opportunities there for us to [get that back]. You are an oil and gas man, how challenging has it been at Sapura Energy? Different jobs come with different challenges.

So, we have not been increasing the supply — demand is going to pick up. You joined almost a year ago, how committed are you to this job, given that it is a very challenging job in terms of the industry landscape? The company itself has lots of internal issues to resolve. I enjoy this job. Organisationally, it has its complexities, but for me, it also has a lot of simplicity.