MPRC Launches Three New Publications at MOGSEC 2016

KUALA LUMPUR, September 28, 2016-- Malaysia Petroleum Resources Corporation (MPRC) today launched its trio of publications, SME Grow FY2014, Financing Schemes for OGSE Companies and Doing Business in Southeast Asia 2016-2017, aimed at further spurring the development of the oil & gas services and equipment (OGSE) industry.

Held on the sidelines of the 3 rd Malaysia Oil & Gas Services Exhibition and Conference, OR MOGSEC 2016, at MPRC-hosted Innovation Pavilion, the publications launch was recognised by PETRONAS’ President & Group Chief Executive Officer, Datuk Wan Zulkiflee Wan Ariffin.

“The Government has set forth a bold ambition to establish Malaysia as the preferred hub for OGSE in Asia Pacific. Achieving this vision requires companies to embrace change and innovation to build a stronger OGSE ecosystem whilst driving cross-agency collaboration as well,” said Dr Shahreen Madros, Executive Director at MPRC. “The oil and gas industry will continue to play an important role in Malaysia’s ambition to become a high-income nation. Therefore MPRC sets out to make a transformational difference to help the sector become more resilient and ultimately emerge fitter and competitive for a positive and sustainable future. These three publications are the culmination of our initiatives for the industry.”

As the development agency for domestic OGSE players, MPRC continues to build awareness on Malaysia’s OGSE capabilities, provide information on the available financing assistance for their businesses and identify opportunities for OGSE in the new markets.

The aim to better understand the OGSE value chain led to the publication of SME GROW, where MPRC lists active SMEs with the potential to grow into Mid-tier companies. Financing Schemes for OGSE Companies is a compilation of grants, loans and tax incentives provided by government agencies and DFIs, a lifeblood of companies seeking to grow their capabilities in order to remain
viable, competitive and to position for any price upswings.

Doing Business in South East Asia: Guide For Malaysian OGSE Companies outlines the oil and gas landscape and market entry strategies for Malaysian OGSE companies interested in expanding their business to Indonesia, Myanmar, Vietnam and Thailand. Produced in collaboration with MATRADE, this publication also featured on-the- ground insights from Malaysian OGSE players, key contacts, as well as information on MATRADE’s export assistance programmes for Malaysian exporters.

“We hope that the three new publications help catalyse new business ideas, help OGSE players gain better access to funds and eventually encourage more OGSE companies to venture to Southeast Asia, which continues to offer the biggest opportunities for the companies even in current climate,” Shahreen said.

Press Release
For Immediate Release

PHOTO CAPTION:
PETRONAS’ President & Group Chief Executive Officer, Datuk Wan Zulkiflee Wan Ariffin, Zamri Jusoh, PETRONAS VP, Malaysian Petroleum Management, Malaysia External Trade Development Corporation (MATRADE) Chief Executive Dato’ Dzulkifli Mahmud and Datuk N. Rajendran, Malaysian Industrial Development Authority (MIDA) Deputy Chief Executive Officer at the official launch of Innovation Pavilion and MPRC’s trio of publications—SME GROW FY2014, Financing Schemes for OGSE Companies and Doing Business in Southeast Asia 2016-2017.

About MPRC

Malaysia Petroleum Resources Corporation (MPRC), an agency under the Prime Minister’s Department was established in 2011. The agency is responsible for growing Malaysian OGSE firms and leveraging on Malaysia’s strategic geographical location to enhance its position as the preferred hub for OGSE activities in the region. As the OGSE development agency, MPRC helps to promote, catalyse and globalise the country’s OGSE capabilities in the upstream, midstream and downstream segments. To learn more about what we do, do visit www.mprc.gov.my.