Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Thursday, November 1, 2012

SapuraKencana secures RM135.8m EPCC contract

KUALA LUMPUR: SapuraKencana Petroleum Bhd has secured a RM135.8mil contract from HESS Exploration and Production Malaysia B.V. to provide its services to the North Malay Basin Field.

SapuraKencana said on Thursday its Kencana HL Sdn Bhd would provide the engineering, procurement, construction and commissioning (EPCC) of the Kamelia-A wellhead platform.

The platform would be used for the early production system of the integrated gas development project.

"The award comprises the provision of EPCC of a wellhead platform for Kamelia Field, which is part of the North Malay Basin, an area located approximately 300km offshore Peninsular Malaysia. The work is expected to be completed by the first quarter of 2013," it said.


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