New council to work closely with Petronas


  • Business
  • Thursday, 22 Apr 2004

BY ELAINE ANG

THE Malaysian Oil and Gas Services Council (MOGSC) hopes to work closely with Petronas Carigali Sdn Bhd to promote Petronas-registered oil and gas service companies in the global market, said the council's newly elected president, Tengku Datuk Ibrahim Petra. 

“We have the blessing of Petronas to form the MOGSC and have also sought its assistance in promoting it in countries where Petronas is represented or plans to invest in,” he told a media briefing after the council’s inaugural AGM in Kuala Lumpur yesterday.  

Tengku Ibrahim, who is also the executive chairman and chief executive officer of Petra Perdana Bhd, said Petronas Carigali was represented in over 30 countries and this collaboration would augur well for the oil and gas service fraternity. 

“We are confident that future Petronas Carigali-driven business ventures abroad will include MOGSC as part of its delegation.  

“This will not only give these companies new opportunities for expansion abroad but also promote collaboration among MOGSC members to undertake large-scale projects,” he said, adding that member companies which possessed the expertise and capabilities comparable to international benchmarks could leverage on the MOGSC to export their services regionally and internationally. 

Tengku Ibrahim said Petronas was currently not under any obligation to invite any Malaysian companies when they were abroad and any businesses abroad were sourced through individual companies’ marketing and networking intelligence.  

“However, with the formation of the MOGSC, Petronas would inform us of any projects they are involved in and we, in turn, will inform our members or any other companies to see if they are interested to participate or bid for these projects,” he said. 

On potential projects, Tengku Ibrahim said the council was looking at some projects but declined to elaborate. 

The MOGSC also plans to create awareness on the products and services provided by the oil and gas services companies among Malaysian embassies and trade missions abroad. 

The MOGSC was mooted through the initiatives of the Cost Reduction Alliance in late 2002. 

The council was formed on Dec 1, 2003 and currently has 45 members. There are 200 to 300 local companies linked to the oil and gas industry. 

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