Posted by teoct > 2020-05-19 10:04 | Report Abuse

From a national perspective, this would be an "ideal" solution.

Petronas knows exactly what it wanted, when it wanted and where it wanted. The various OSVs players, depending on their ties with Petronas, can only guess and thereafter, again depending on their ties with Petronas, may strike it rich or not at all. It is clear for all to see since 2015.

Again from a national perspective, a small country like Malaysia, it is the only solution. So, the spare resources could then target overseas to earn valuable foreign exchanges. Within Malaysia, the productivity gain would be enormous, and valuable loans can then be used in other economic (productive) sectors.

But as usual, there are too many personal agendas in the way.

Letting market take it course may lead to some type of OSV becoming unavailable and Petronas hiring them at very much higher rates when the need arises.

I am for the business trusts.