Barakah Offshore Petroleum Bhd 2016 AR2
The report highlights Barakah Offshore Petroleum Berhad's financial and operational performance for the fiscal year 2016. Despite a challenging environment in the oil and gas industry, the company secured approximately RM1.0 billion in new projects and work orders, including a long-term contract for underwater services. Barakah implemented cost rationalisation measures, including a company-wide salary cut, which helped increase its EBITDA by 48.9% to RM59.6 million. On the sustainability front, the company achieved 4.5 million safe man-hours across its projects and maintained a strong focus on health, safety, and environment (HSE) practices. Additionally, the company was recognized for its investor relations, winning the Best IR Website award in the small-cap category.
Company: Barakah Offshore Petroleum Bhd
Sector: Mining & quarrying
Country: Malaysia
Year: 2016
Type: AR2
Pages: 149
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Barakah Offshore Petroleum Bhd
Annual Report
The report highlights Barakah Offshore Petroleum Berhad's financial and operational performance for the fiscal year 2016. Despite a challenging environment in the oil and gas industry, the company secured approximately RM1.0 billion in new projects and work orders, including a long-term contract for underwater services. Barakah implemented cost rationalisation measures, including a company-wide salary cut, which helped increase its EBITDA by 48.9% to RM59.6 million. On the sustainability front, the company achieved 4.5 million safe man-hours across its projects and maintained a strong focus on health, safety, and environment (HSE) practices. Additionally, the company was recognized for its investor relations, winning the Best IR Website award in the small-cap category.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees