Barakah Offshore Petroleum Bhd 2023 AR2
The report highlights Barakah Offshore Petroleum Berhad's performance and sustainability efforts for the fiscal year ended June 30, 2023. During the year, the company successfully renewed its PETRONAS license for three years and achieved a milestone of over 10.7 million safe man-hours without a Lost Time Injury since 2016. Financially, the Group recorded a significant revenue increase of 62% to RM136.3 million, driven by pipeline and commissioning activities, although it incurred a net loss of RM4.0 million. The company is actively pursuing a regularisation plan to address its PN17 status and is exploring diversification into renewable energy and the water industry.
Company: Barakah Offshore Petroleum Bhd
Sector: Mining & quarrying
Country: Malaysia
Year: 2023
Type: AR2
Pages: 125
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Barakah Offshore Petroleum Bhd
Annual Report
The report highlights Barakah Offshore Petroleum Berhad's performance and sustainability efforts for the fiscal year ended June 30, 2023. During the year, the company successfully renewed its PETRONAS license for three years and achieved a milestone of over 10.7 million safe man-hours without a Lost Time Injury since 2016. Financially, the Group recorded a significant revenue increase of 62% to RM136.3 million, driven by pipeline and commissioning activities, although it incurred a net loss of RM4.0 million. The company is actively pursuing a regularisation plan to address its PN17 status and is exploring diversification into renewable energy and the water industry.
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Document Details
Report Year
2023
Reporting Period
Jul 1, 2022 - Jun 30, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities