KrisEnergy sees four-fold earnings growth by 2015-16

摘要

Singapore—Singapore-based upstream companyKrisEnergy will raise its annual earnings morethan fourfold to $250 million by 2015-2016based on output from current producing assetsand production growth it expects from threedevelopment projects and others in pre-develop-ment and appraisal stages, a senior companyofficial said at an industry event June 27.The company is starting from a base of $61million in earnings in 2011, Director of BusinessDevelopment Richard Lorentz said at the 17thAsia Upstream Conference in Singapore. “[Earn-ings] will be about the same this year, unlessthe oil price stabs us in the back,” he added.