Malaysian oil and gas company Petronas has signed 11 memoranda of understanding to strengthen the country’s oil and gas services and equipment sector.
The MoUs, focused on two key initiatives, were signed through Malaysia Petroleum Management (MPM).
The agreements leverage collaboration with industry players to enhance the performance of fabrication yards through modernisation and to cultivate a highly skilled local workforce.
As part of the “Yard Transformation and Productivity Enhancement” initiative, Petronas signed five MoUs with leading local fabrication yard contractors – Brooke, Ocean Might, Muhibbah Engineering, Malaysia Marine and Heavy Engineering, and Sapura Fabrication.
This initiative is a part of Malaysia’s national strategy to revitalise the fabrication yard ecosystem. The transformation efforts will be focused on integrating innovative technologies, developing workforce capabilities, and expanding market opportunities to boost productivity.
Under the “Skilled Trade Champion” initiative, six MoUs were signed with industry players for skilled trades development, rigging, blasting and painting, scaffolding, welding, fitting and joint-making, as well as seafaring. Petronas signed deals with Epic OG, HHA Associates, Petra Resources, Sapura Fabrication, Turcomp Engineering, and the Malaysian shipowners association MOSVA.
The initiative also prioritises the upskilling of Malaysian seafarers to cultivate a greater number of qualified officers in offshore marine operations.