Any backstreet companies in Balakong and Puchong been approached yet for consolidation?
Taken from the Star, dateline 2010-09-23:
The proposal to consolidate the oil and gas industry’s fabrication assets makes sense as local players will have to bulk up against others in the region to increase their likelihood of winning major contracts.
Analysts told StarBiz the proposal made sense as it would facilitate the winning of new contracts especially as demand for oil platforms picked up.
The proposal, suggested in the oil, gas and energy National Key Economic Area lab under the Economic Transformation Programme, would entail the merger or acquisition of smaller players by the bigger ones.
According to a source, approaches have been made to industry players and Petroliam Nasional Bhd on the proposal and they have been receptive although nothing concrete has been hammered out yet.
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Wata - Malaysian Oil and Gas Engineer 