KrisEnergy sees big growth in sales next year

Singapore

KRISENERGY Ltd expects sales to grow "considerably" next year as the energy-exploration company quadruples oil and gas output in South-east Asia.

The Singapore-based KrisEnergy projects its production to almost double to the equivalent of 15,000 barrels a day in 2015, up from 8,000 now, executive director Richard Lorentz said. The company expects that figure to reach 35,000 by 2017 as new fields come online.