Job flows for its other operations have picked up as oilfield operators gear up for growth following higher crude oil prices, according to its president and chief executive officer Nik Hamdan Daud (pic).
PETALING JAYA: Barakah Offshore Petroleum Bhd
, which is facing a depleting cash pile, is mulling among other options a potential private placement to shore up its capital.
Its cash balance stood at RM18mil as at the second quarter ended June 30 (2Q18) from RM29mil in 2Q17 because its main vessel Kota Laksamana 101 (KL101) remained off-hire.
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