MISC has reported a first-quarter loss of MYR 1.16bn ($267.7m) — its first in eight years — as it made a provision for litigation claims.
Last month, Sabah Shell Petroleum Co (SSPC) was awarded MYR 1.46bn in arbitration with a subsidiary of MISC over defective works related to the Gumusut-Kakap semi-floating production system (semi-FPS).
