KUALA LUMPUR: Malaysia’s oil and gas services and equipment (OGSE) industry is well-positioned for its next phase of growth and must continue building scale, accelerating innovation and developing differentiated capabilities to compete more effectively on the regional and global stage, according to Petroliam Nasional Bhd (PETRONAS).
Its vice-president for group procurement, Rashidah Alias, said the Malaysian OGSE industry has made significant progress over the years, building a strong track record in delivering increasingly complex projects and integrated solutions across the energy value chain.
“The industry has largely proven its capability.
“The next challenge is how we can build greater scale, strengthen technology differentiation and develop solutions that can compete beyond our domestic market.
“Malaysia already has a strong foundation.
“The opportunity now is to build on that foundation through greater collaboration, investment in innovation and continuous capability enhancement, so that our companies remain relevant and competitive in a rapidly evolving industry,” she said.
Rashidah said this during a fireside chat entitled “Building a Resilient Malaysian OGSE Ecosystem from PETRONAS’ Perspective”, at Oil and Gas Asia or OGA 2026 from Sept 2 to 4, 2026.
Malaysian Oil and Gas Services Council (MOGSC) president Zahris Sham Abu Musa moderated the session.
Rashidah said collaboration could serve as a powerful catalyst for growth by enabling companies to combine complementary strengths, pursue larger opportunities and invest more effectively in technology, talent and innovation.
At the same time, she stressed that long-term industry progress must continue to be anchored on market discipline and competitiveness.
“Capability development and competitiveness must go hand in hand.
“Competitiveness is essential for continuous improvement.
“It drives innovation, productivity and the development of capabilities that allow companies to compete confidently across different markets and operating environments.
“Ultimately, success will be when our companies are recognised among the best in the industry for their capabilities, innovation and execution excellence,” she said.
Rashidah also highlighted the importance of continued investment in technology, talent and proprietary solutions, noting that future competitiveness would increasingly depend on a company’s ability to improve productivity, deliver differentiated value and adapt to changing market demands.
She added that PETRONAS remained committed to working closely with industry stakeholders, including MOGSC and the Malaysia Petroleum Resources Corp, to further strengthen the resilience, competitiveness and long-term sustainability of Malaysia’s OGSE ecosystem. — Bernama
