Malaysia OGSE Industry Initiatives

This section provides an overview of various industry initiatives implemented to shape and assist Malaysian Oil & Gas Services and Equipment (OGSE) vendors and enhance its competitiveness to grow. We hope to see our vendors become globally competitive and contribute to the country’s economic growth, promote a healthy ecosystem and safeguard strategic national interests.

Vendor Development Program

 

PETRONAS VDP focuses on nurturing Bumiputera vendors to be resilient and sustainable to achieve the following objectives:

 
  • Technically competent
  • Commercially attractive
  • Developing home grown technologies
  • Fostering growth and going international
  • Candidate for KLSE listing – long term objectives
 

The custodian of VDP is Ministry of Entrepreneur Development And Cooperative (MEDAC), responsible to regulate the programme and define the eligibility criteria for VDP Vendor which is meeting the SME requirement and minimum of 51% Bumiputera ownership.

 

VDP has evolved since its inception in 1993. The program has been successfully implemented and undergone various phases of learnings, in tandem with different challenges faced by the industry.

 

Today, PETRONAS VDP has produced world class Bumiputera companies that are able to compete in global markets with success stories of international footprint in over 30 countries, listed at Bursa Malaysia, awards & accreditation by international and local agencies and invention of Malaysian made products.



 
3 Types of VDP Schemes:
 
VDP
VDP focuses on Import Substitution, Critical Growth and Regional Growth.

 
 
 
VDPx
VDPx is an innovative approach to inject new momentum and scale-up SME development in collaboration with main contractors and industry enablers

 
 
 
VDP InnoTech
VDP InnoTech is designed to embrace Industrial Revolution 4.0, aspire to promote and nurture Bumiputera SMEs for innovation, technology advancement and the ownership of IP wholly or partly to penetrate growth incutting-edge era of technology & digitalization.

 
 


 

For further inquiries on VDP, please email to inquiry_vdp@petronas.com


 

 

VDP

 

Nurture OGSE Bumiputera SMEs
 

PETRONAS VDP program objective is to create resilient and competitive Bumiputera SMEs to support the Malaysian oil & gas eco system.

 
How to be apart of VDP Programme:
 
  • PETRONAS will invite potential candidates on Competitive Bidding mode for the approved VDP scope
  • Interested Vendors may also register via inquiry_vdp@petronas.com
 
How does VDP Programme works?


 

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  1. Proposal
    Kindly send your interest to become PETRONAS VDP Vendor by submitting your proposal to inquiry_vdp@petronas.com. In this section, general company and individual information is requested.

  2. Tendering
    Your proposal(s) will be made accessible to PETRONAS internal community and will be selected via competitive bidding

  3. Appointment
    Upon being successful, you will be appointed as PETRONAS VDP Vendor for a certain scope and duration

  4. Development
    You will be developed on a certain focus area from an agreed KPI with PETRONAS

  5. Graduation
    You will be assessed by PETRNAS based on development milestone and will be graduted upon achieved all KPI

 

VDPˣ

 

Nation Building In Collaboration With Our Oil & Gas Partners
 

The VDPx is an innovative approach to inject new momentum and scale-up SME development in collaboration with main contractors and industry enablers. The idea is for PETRONAS to focus on creating an eco system for Malaysian OGSE companies to develop their capabilities to become resilient and competitive to succeed in the global market. PETRONAS collaborates with its partners towards supporting the vendor development program with following objectives:

 
  • Groom more SMEs at a faster rate
  • Enhance industry competitiveness
  • Elevate local capability building
 
How to be apart of VDPx Programme:
 
  • PETRONAS will identify and establish collaboration with suitable Anchor or Enabler
  • Anchor to appoint and develop VDPx Vendor
  • Enablers to help accelerate growth of vendors in their area of expertise
  • Interested companies/agencies may register their interest by sending email to inquiry_vdpx@petronas.com
 
How does VDPx Programme works?
 

vdpx_info.png



 
  1. Proposal
    Kindly send your interest to be apart in PETRONAS VDPx Programme as Anchor or Enabler by submitting your proposal to inquiry_vdpx@petronas.com. In this section, general company and individual information is requested.

  2. Assessment
    Your proposal(s) will be made accessible to PETRONAS internal community for profiling to ensure alignment with PETRONAS category strategies / VDP scopes

  3. Appointment
    Upon being successful, you will be appointed either as VDPx Anchor or Enabler for a certain scope and duration via Memorandum of Understanding
 

 

VDP InnoTech

 

Embracing Industrial Revolution 4.0
 
  • Promote innovation for technology advancement among local SMEs within the Oil & Gas ecosystem.

  • To encourage more new value add technologies adoption by PETRONAS assets and facilities which will enhance efficiency and promote cost optimization.
 
How to be apart of VDP InnoTech Programme
 
  • Vendor can participate in PETRONAS Technology Marketplace and/or Technology Challenge via innovation Gateway @ PETRONAS
  • PETRONAS will assess successful vendor for VDP InnoTech programme.
  • Interested Vendors may also register via inquiry_vdp@petronas.com for PETRONAS' consideration
 
How does VDP InnoTech Programme works?
 

vdpinnotech_info.png

 
  1. Participate / Proposal
    Kindly participate in PETRONAS Technology Challenge or submit your technology proposal to PETRONAS Technology Marketplace via http://innovation.petronas.com/welcome .

  2. Identify
    You will be identified as potential VDP InnoTech vendor for a successful innovation solution

  3. Assessment
    Your company will be made accessible to PETRONAS internal community for VDP InnoTech assessment

  4. Appointment
    Upon being successful, you will be appointed as PETRONAS VDP InnoTech Vendor for a certain scope and duration

  5. Development
    You will be developed on a certain focus area from an agreed KPI with PETRONAS

  6. Graduation
    You will be assessed by PETRONAS based on development milestone and will be graduated upon achieved all KPI

 

Access To Financing

 

PETRONAS has developed an innovative partnership with Malaysian financial institutions to facilitate Access to Financing (A2F) to its vendors via OGSE Vendor Financing Program (VFP). PETRONAS facilitates the program by providing verification platform on contracts awarded and performance of contractors.

 

By subscribing to this program, vendors will obtain credit facility faster and at favorable terms. It also aims to assist vendors in securing working capital and improve cash-flow for sustainability.

 

Please refer to the poster below to know more about the program and how to apply.




a2f-poster

a2f-img

 

Malaysia Tax Incentives Guidebook

 

In collaboration with Ministry of International Trade and Investment (MITI) and Malaysian Investment Development Authority (MIDA), PETRONAS has published the inaugural Malaysia Tax Incentives: Compilation and Guide for Oil & Gas Services and Equipment (OGSE) industry. 

 

The guide was produced to match as closely as possible to the activities in PETRONAS’ Licensing Standard Work and Equipment Categories (SWECs), aim to facilitate OGSE players investment decisions to spur Malaysia’s oil and gas industry.

 

There are 28 tax incentives identified relevant to the OGSE industry. The incentives listed in this guide are beneficial for the OGSE players’ financial planning and will ease their efforts in identifying the most suitable incentives for their respective businesses. 



 
Malaysia Tax Incentives: Compilation and Guide for Oil & Gas Services and Equipment (OGSE) Sector

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Road To Bursa

 

Road To Bursa (R2B) program is established to support and facilitate local vendors to adopt corporate governance standards that qualify for Bursa listing. 

 

At minimum, the program aims to push vendors to strengthen its capabilities based on listing criteria.

 

Memorandum of Understanding (MoU) with various Investment Banks and Corporate Finance Advisors were formalized on 18 February 2020. The MoU was set to ease Oil & Gas Services and Equipment (OGSE) vendors’ selection of advisors who will support them with the Initial Public Offering (IPO) readiness.

 

The MoU, however, does not limit the OGSE vendors from selecting and working with other investment banks and corporate finance advisors. 

 

Please refer to the poster below to know more about the program.



r2b-poster


Reach Out to our Advisors' representative in-charge of the programme;
 
Bank Name KAF Investment Bank Berhad
Contact Person Ahmad Fazlee Aziz, Director
Address Level 14, Chulan Tower No 3 Jalan Conlay, 50450 Kuala Lumpur
Email fazlee@kaf.com.my
Phone/Mobile No. +603 - 2171 0228
 
Bank Name MIDF Amanah Investment Bank Berhad
Contact Person Anuar Omar, Head of Corporate Finance
Muhammad Haziq Irfan bin Hassim, Corporate Finance
Address Level 9, Menara MIDF, 82 Jalan Raja Chulan, 50200 Kuala Lumpur
Email anuar@midf.com.my
muhammad.haziq@midf.com.my
Phone/Mobile No. +603 - 2173 8219
+603 - 2772 1615
 
Bank Name DWA Advisory Sdn Bhd
Contact Person Muhammad Sabberi Badrul Jamil, Senior Principal
Address D-3A-11 Capital 4 Oasis Square No 2, Jalan PJU 1A/7A, Ara Damansara 47301 Petaling Jaya, Selangor Darul Ehsan
Email sabberi@dwaadvisory.com
Phone/Mobile No. +603 - 7490 5767
 
Bank Name MainStreet Advisers Sdn Bhd
Contact Person Abd Ghafar Hamzah, Director
Address 25-7, Block B, Jaya One, 72A Jalan University, 46200 Petaling Jaya, Selangor
Email ghafar@mainstreet.com.my
Phone/Mobile No. +03 – 7968 3398
 
Bank Name Wyncorp Advisory Sdn Bhd
Contact Person Moh Jiun Haur, Director
Address 50-4-9, Level 4 and 50-6-8, Level 6 Wisma UOA Damansara, 50 Jalan Dungun, Damansara Heights, 50490 Kuala Lumpur
Email jiun.haur@wyncorp.com.my
Phone/Mobile No. +603 – 2096 2286
 
Bursa Malaysia
(IPO Marketing)
Contact Person Salihudin Mohd Razali, Vice President
Email salihudin@bursamalaysia.com
Phone/Mobile No. +603-2034 7533
 
Bursa Malaysia
(IPO Marketing)
Contact Person Izzat Asri Azmi, Manager
Email izzatasri@bursamalaysia.com
Phone/Mobile No. +603-2034 7068


 

Please email enquiry and feedback to shzaleha_sab@petronas.com or Khairani_ali@petronas.com

 

Human Capital

 

PETRONAS has collaborated with Human Resource Development Fund (HRDF) and Construction Industry Development Board (CIDB) through its training institute, Akademi Binaan Malaysia (ABM) to implement a sustainable approach for local talent development.

 

This initiative helps to channel levy and training grants timely to the right skills through competent training providers and aims to increase number of Malaysian skilled workforce timely as required by industry.

 

The first edition of Industrial Skills Framework covers core and in-demand skill sets in Oil & Gas Services and Equipment (OGSE)  focusing on Maintenance, Turnaround and Projects for Onshore Facilities and Downstream Plants.



 
Industrial Skill Framework for Oil, Gas & Energy First Edition

human-capital

 



HRDF.png
 

Kindly visit www.hrdf.com.my for more details.

 

Beyond Home


PETRONAS has launched the Beyond Home initiative in collaboration with Malaysia External Trade Development Corporation (MATRADE) to facilitate, enable and nudge Malaysian oil & gas vendors to move out and capture global markets. The initiative aims to empower local vendors to be more competitive and resilient.


Various series of Beyond Home programs were implemented where vendors were exposed to series of talks ranging from how to understand local nuances of different countries, international business opportunities and tips/sharing presentation from vendors who have been successfully grow their business in other countries.


Click here to register as PETRONAS international vendor and learn about international tender opportunities.



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Beyond Home Myanmar (2018) and Beyond Home 2019 events




brunei-gas

Contact Us

 

For further inquiries or feedback on industry initiatives, please contact:

ask.isc@petronas.com