Petronas inks 11 MOUs to strengthen OGSE sector
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas), through Malaysia Petroleum Management (MPM), has signed 11 memoranda of understanding (MoUs) aimed at strengthening Malaysia's oil and gas services and equipment (OGSE) sector.
The MoUs support two key initiatives, namely yard transformation and productivity enhancement, and skilled trade champion.
The agreements harness industry collaboration to modernise fabrication yards and develop a highly skilled local workforce, positioning Malaysia to meet the evolving demands of the energy sector, the company said in a statement on Tuesday.
As part of the yard transformation and productivity enhancement initiative, Petronas signed five MoUs with leading local fabrication yard contractors: Brooke Holding Sdn Bhd, Ocean Might Sdn Bhd, Muhibbah Engineering (M) Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd, and Sapura Fabrication Sdn Bhd.
Under the skilled trade champion initiative, six MoUs were inked with key industry players, including Pan-Malaysia maintenance, construction and modification (MCM) contractors, Hook-up and Commissioning contractors, and the Malaysia Offshore Support Vessel Owners' Association.
Petronas MPM senior vice president Datuk Ir Bacho Pilong said the MoUs reflect the company's continued commitment to building a robust and sustainable oil and gas sector in Malaysia.
"The structured implementation, undertaken in close collaboration with homegrown OGSE players, will focus on measurable outcomes to create a conducive environment for investment and accelerated growth, in line with national aspirations," he said.
-- BERNAMA
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