THE time is right for local players in the oil and gas services and equipment (OGSE) sector to pursue opportunities in the Middle East and boost their export earnings.
Deemed as key export destination for Malaysian players, Malaysia Petroleum Resources Corp (MPRC) executive director Mohd Yazid Ja’afar said with a strong track record, players could leverage their capabilities to expand in the Middle East region.
“With global oil and gas (O&G) development activities expected to increase following several years of spending reductions, the time is right to pursue opportunities to boost export earnings for the Malaysian OGSE sector.
“Abu Dhabi is the global hub for the O&G industry and Adipec (Abu Dhabi International Petroleum Exhibition and Conference ) offers a gateway to new partnerships in the Middle East, Africa and beyond.
“Malaysian companies such as Eversendai, Scomi and Dialog Group have successfully made inroads and built strong track records in the region. MPRC wants to continue facilitating access to these markets for more Malaysian companies,” said Mohd Yazid.
Adipec 2017 was held from November 13 to 16, here.
MPRC, in collaboration with Malaysia External Trade Development Corp (Matrade), brought along a strong contingent of OGSE companies to the event, underscoring the importance of the Middle East as a key export destination for Malaysian players.
Malaysia’s presence at Adipec featured industry-leading companies such as Alam Sekitar Malaysia, Asia Lab, Asturi Metal Builder, IEV (Malaysia), Innovative Fluid Process, Mastek Oil Tools, MECIP Global Engineers, MIT Innovation, Romstar and VG Offshore Containers at the Malaysia Pavilion.
The pavilion enabled Malaysian suppliers to meet potential partners and was also an avenue for local OGSE companies to showcase their solutions and capabilities.
During the four-day event, MPRC also held a series of meetings with government officials and executives of oil companies from the United Arab Emirates and Bahrain, as well as its counterparts from Saudi Arabia, Azerbaijan, Kazakhstan, the United Kingdom and Turkey, to develop closer bilateral business partnerships.
Attendees also included ministers from the Gulf Cooperation Council countries, world energy leaders and more than 100,000 O&G professionals from 125 countries.