Straits said the new enterprise would focus on acquiring and developing energy related projects to service the Asian region.
The plan is evidently at an advanced stage, with Straits saying there was a “high probability of the company pursuing this concept in the near future in order to realise the full potential of the company’s offshore asset base”
The initiative came as Sebuku achieved a record production and sales quarter of 850,000 tonnes and 880,000t respectively, with a new resource of 52.6 million tonnes also calculated.
“The result has certainly set the company up well for the remainder of the year, with Sebuku now on track to achieve 3.5Mt production and sales for the year, well above the initial 3Mt target,” Straits chief Milan Jerkovic said.
