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Pipeline Pulse > Oil > Petronas Pens 11 Agreements to Advance Malaysia’s OGSE Sector
Oil

Petronas Pens 11 Agreements to Advance Malaysia’s OGSE Sector

Editorial Team
Last updated: 2025/04/24 at 8:08 AM
Editorial Team 4 weeks ago
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Petronas Pens 11 Agreements to Advance Malaysia’s OGSE Sector
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Malaysia’s Petroliam Nasional Berhad (Petronas) has signed 11 Memoranda of Understanding (MOU) to spice up the nation’s oil and gasoline companies and gear (OGSE) sector by two initiatives, Yard Transformation and Productiveness Enhancement, and Expert Commerce Champion. The MOUs had been signed by Petronas’ Malaysia Petroleum Administration (MPM).  

The agreements promote cooperation with trade stakeholders to enhance the effectivity of fabrication yards by modernization and to develop a extremely expert native workforce, Petronas mentioned in a media launch.

“The MOUs replicate PETRONAS’ steadfast dedication to construct a sturdy and sustainable oil and gasoline sector in Malaysia. The structured implementation, undertaken in shut collaboration with homegrown OGSE gamers, will concentrate on delivering measurable outcomes to create an atmosphere that’s conducive for funding and accelerated progress, aligned with nationwide aspirations”, MPM Senior Vice President Bacho Pilong mentioned.

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As a part of the Yard Transformation and Productiveness Enhancement initiative, Petronas mentioned it has signed 5 MOUs with main native fabrication yard contractors: Brooke Holding Sdn. Bhd., Ocean May Sdn. Bhd., Muhibbah Engineering (M) Bhd., Malaysia Marine and Heavy Engineering Holdings Bhd., and Sapura Fabrication Sdn. Bhd.

Petrona mentioned this initiative is an important a part of Malaysia’s total plan to rejuvenate the fabrication yard ecosystem. The efforts aimed toward transformation emphasize the incorporation of cutting-edge applied sciences, enhancing workforce expertise, and broadening market prospects to extend productiveness, it mentioned.

Petronas added that below the Expert Commerce Champion initiative, six MOUs had been signed with key trade gamers, together with Pan-Malaysia Upkeep, Building and Modification contractors, Hook-up and Commissioning contractors, and the Malaysia Offshore Assist Vessel House owners’ Affiliation.

These collaborations concentrate on enhancing important offshore trades, together with rigging, blasting and portray, scaffolding, welding, joint-making, and seafaring. The initiative additionally emphasizes the significance of enhancing the abilities of Malaysian seafarers to develop a bigger pool of certified officers in offshore marine operations, Petronas mentioned.

To contact the creator, electronic mail andreson.n.paul@gmail.com




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Editorial Team April 24, 2025
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