SUNDAY, MAY 5, 2019, KUALA LUMPUR: Malaysia External Trade Development Corporation (MATRADE) continues its effort to promote capabilities and expertise of Malaysian oil & gas services and equipment companies at the biggest oil and gas trade show in the world, Offshore Technology Conference (OTC) 2019 from tomorrow till 9 May 2019.
The product and technologies to be promoted at the event focus on services such as LNG shipping services, containerised solutions, business ecosystem, ICT solutions, fabrication of waste heat recovery unit, geoscience analytical consultation services, digital analytic services for oilfield and smart drilling solution. Others include reliability and asset integrity services, health, safety & environment systems, engineering, procurement, construction and commissioning as well as expansion joints, industrial hoses and lubricant manufacturing.
MATRADE with the support from Malaysian Oil & Gas Services Council (MOGSC) will be organising a Malaysian national pavilion with the involvement of 13 Malaysian exhibitors at the trade show, which will be held at NRG Centre, Houston, Texas. Apart from Malaysia’s biggest corporates such as PETRONAS, MISC Bhd and TM ONE (the enterprise and public sector business solutions arm of Telekom Malaysia Berhad), a number of innovative Small and Medium Enterprises from the Malaysian oil & gas sector will also be participating in the event.
According to S.Jai Shankar, the Director of Oil and Gas, Chemical and Energy at MATRADE, OTC Houston will provide the Malaysian companies with a platform to showcase their innovation and capabilities to foreign partners from more than 100 countries around the world.
“The gradual but steady turnaround in the global oil and gas prices has re-activated global investment in exploration and production activities and this augurs well for the Malaysian companies’ participation in OTC Houston 2019. However, to stand out, Malaysian companies need to continuously offer innovative products and world-class services. MATRADE is honoured
to play its part in promoting the commercialisation of these technologies at a global platform,” said S. Jai.
He added that the Malaysian technologies to be showcased at the event would also reflect Malaysia’s ability to compete in high value areas. Furthermore, MATRADE and MOGSC’s collaboration through this event is a testament to the close relationship between the government and industry association in promoting Malaysia’s oil & gas competitiveness globally.
“Being the voice of the Malaysian oil and gas industry, MOGSC has a primary objective to promote the capabilities of our companies to the world. Participation in OTC is an important agenda as we are committed to expand and strengthen the industry,” said Ts. Sharifah Zaida Nurlisha Syed Ibrahim, President of MOGSC.
“OTC is a platform for Malaysian companies to not only showcase their technologies but to familiarise and be aware of the latest technologies and innovations from around the world too, which can be applied in Malaysia. MOGSC is excited to co-organise the Malaysian pavilion with MATRADE and look forward to a fruitful and lucrative mission for our delegation,” she added.
Apart from participating in the exhibition, MATRADE and MOGSC will also be arranging business meetings and technical presentations for Malaysian exhibitors with pre-identified potential buyers, including that from North America, Mexico, Brazil and Argentina. Malaysia has traditional footprint in the oil & gas industry in Latin America. These markets are poised for strong growth in the coming years and will see an expansion in exploration & production activities in the oil and gas fields.
In 2018, Malaysian companies recorded business leads valued at RM379.5 million at OTC Houston 2018. In the same year, Malaysia’s total trade with the USA for oil & gas products grew 26 per cent to RM2.31 billion as compared to 2017 with RM1.83 billion.