Cooperation with Bahrain, Shares OGSE Insights at OTC Asia 2016

Kuala Lumpur, March 23, 2016- The Malaysia Petroleum Resources Corporation (MPRC) today exchanged a memorandum of understanding (MoU) with The Bahrain Economic Development Board (EDB) in line with efforts to improve international cooperation between the two nations on oil & gas, and knowledge sharing. 


The MoU exchange ceremony took place on the side-lines of MPRC’s Business Forum that was held in conjunction with Offshore Technology Conference (OTC) Asia 2016. The ceremony was attended by MPRC President and Chief Executive Officer, Datuk Shahrol Halmi and representatives from Bahrain EDB. 


“We are pleased to formalise MPRC’s cooperation with Bahrain EDB on oil & gas. This MoU underlines our strong commitment towards Malaysia’s OGSE players in supporting and facilitating their international expansion to Bahrain and the Gulf Cooperation Council (GCC) nations,” Datuk Shahrol said. 


“In a highly globalised era, it is crucial for governments to collaborate and share high-impact information with the aim of boosting trade between our two countries. These linkages are crucial to Malaysia as the nation progresses to become a regional hub for OGSE activities in Asia Pacific,” he said. 


Malaysia is a mature energy producer with more than 40 years’ experience in onshore and offshore oil and gas production. With 409 oil and gas fields, Malaysia is the second-largest oil and gas producer in Southeast Asia and one of the world’s top producers of liquefied natural gas (LNG). This capacity coupled with the country’s investor-friendly business environment has created a strong ecosystem of oil & gas services and equipment (OGSE) companies that support the entire oil & gas value chain. This makes Malaysian OGSE firms capable of executing onshore and offshore projects worldwide. 


As the development agency for domestic OGSE players, MPRC continues to build awareness on Malaysia’s OGSE capabilities and identify opportunities in new markets. Toward this end, MPRC will host two Business Forums and an Industry-Student Programme throughout the OTC Asia week. 


For the MPRC business forums, MPRC invited speakers representing the Middle East region and Bahrain-- Ahmed Tahoun, Vice President at the, Arab Malaysian Chamber of Commerce and Dharmi Magdani, Bahrain EDB, Country Manager for India, Malaysia & Singapore, respectively. Both are scheduled to speak at the Hospitality Lounge on 23rd March.


In addition to the business forums, MPRC, along with seven participating OGSE firms, will also play host to the MPRC Industry-Student Programme. The programme is expected to draw 250 students representing four public universities--Universiti Kebangsaan Malaysia, Universiti Malaya, Universiti Teknologi Malaysia, and Universiti Teknologi PETRONAS. The participating OGSE firms and programme sponsors include Carimin Sdn Bhd, FMC Technologies, Malaysia Marine and Heavy Engineering Sdn Bhd, Muhibbah Engineering (M) Bhd, Scomi Energy Services Bhd, UMW Oil & Gas Corporation Bhd and Uzma Bhd. 


All 250 students will participate in the MPRC Oil & Gas Innovation Challenge, a new opportunity for innovative students to create tangible solutions to existing technical and business problems faced by the participating companies. In conjunction with the Innovation Challenge, MPRC will also host an Innovation Talk by Abdul Mushawwir bin Mohamad Khalil, senior design engineer at MIT Technologies Sdn. Bhd., focusing on the friction of ideas that fuels innovation. He will share how these moments occur and lead to new ideas, projects and products. 
Lastly, the students will have the opportunity to tour the expansive OTC Asia exhibit halls to discover the future of offshore technology and learn about the entire spectrum of the oil & gas industry. 


To cap off an eventful week at OTC Asia 2016, MPRC will also showcase its 2016 edition of the Malaysia OGSE Catalogue at MPRC’s exhibition booth at OTC Asia 2016. MPRC’s latest publication documents the capabilities of 154 OGSE companies that complement the 13 major segments of the oil & gas value chain in a user-friendly matrix. The new edition also features a new capability matrix that is based on PETRONAS’ Standardised Work and Equipment Categories (SWEC). The new feature is designed to provide readers a better understanding of the companies’ technical capabilities. 


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. 
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For more information and copies of the Malaysia OGSE Catalogue 2016, please contact:

Lim Shie-Lynn                          
Malaysia Petroleum Resources Corporation        
Email: [email protected]
Tel: +603 2858 8569                    
Mobile: +6012 304 3389                 

 

Amirah Mazlan

Malaysia Petroleum Resources Corporation
Email: [email protected]
Tel: +603 2858 8521
Mobile: +6019 928 0968