Dateline 2013-09-28, Borneo Post:
Companies servicing Malaysia’s oil and gas sector are using the experience and expertise gained during collaborative ventures with foreign firms as a launchpad for overseas expansion.
Four decades of developing solutions for Malaysia’s operational environment, under the state-owned hydrocarbons producer, Petroliam Nasional Bhd (Petronas), have put local outfits on a solid footing to enter the rapidly expanding global oil services industry.
However, the fast pace of growth has also produced challenges for firms embarking on international expansion, including project delays and equipment shortages, which are taking their toll on margins.
Production on the rise
At home, Malaysia’s oil sector services providers have benefited from Petronas’s efforts to galvanise production in recent years, spearheaded by a US$30 billion investment aimed at ramping up output, developing new offshore reserves and extending the production life of existing fields.
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Wata - Malaysian Oil and Gas Engineer 