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Malaysia OGSE Vendor Assistance

This section provides an overview of various industry initiatives and assistance to shape the Malaysian Oil and 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
  • Access To Financing
  • Malaysia Tax Incentives Guidebook
  • Road To Bursa
  • OGSE Human Capital
  • PETRONAS Supplier Support Programme
  • Technology Innovation and Adoption
  • OGSE Vendor Programme Calendar

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.

VDP
 

VDP focuses on Import Substitution, Critical Growth and Regional Growth.

 

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?

VDP Infographic

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 PETRONAS based on development milestone and will be graduated upon achieved all KPI.

 

VDPˣ
 

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

 

Nation Building In Collaboration With Our Oil & Gas Partners.

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

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
  • For application as VDPx Vendor, please submit your proposal to VDPx Anchors or you may send to inquiry_vdpx@petronas.com
  • For application to contact our Enablers, please submit your inquiry to inquiry_vdpx@petronas.com

PETRONAS VDPˣ Anchor

 

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 in cutting-edge era of technology & digitalization.

 

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?

VDP Inno Infographic

1. Participate / proposal

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

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

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


 

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 Programme (VFP). PETRONAS facilitates the programme by providing verification platform on contracts awarded and performance of contractors.

By subscribing to this programme, 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 programme and how to apply.

diagram

 

title

Criteria

 

 
Bank Name Bank Islam
Contact Person Hamzah Johari
Address Commercial Banking, Level 23, Menara Bank Islam, No. 22, Jalan Perak, 50450 Kuala Lumpur
Email hamzah@bankislam.com.my
Phone/Mobile No. +603-2726 7873 / 014-2600 360
 
Bank Name Bank Muamalat
Contact Person Mohd Mazuri Sallehudin
Address 25 Floor, Menara Bumiputra, 21 Jalan Melaka, 50100 Kuala Lumpur
Email mohd.mazuri@muamalat.com.my
Phone/Mobile No. +603-2615 8190
 
Bank Name Bank Rakyat
Contact Person Syed Shauqi Aljunid
Address Level 26, Tower 1, Menara Kembar Bank Rakyat, No. 33 Jalan Rakyat, KL Sentral, 50470 Kuala Lumpur
Email s.shauqialjunid@bankrakyat.com.my
Phone/Mobile No. +603-2202 4514
 
Bank Name United Overseas Bank (UOB)
Contact Person Julia Ong Li Yen
Address Menara UOB, Jalan Raja Laut, 50350 Kuala Lumpur
Email uob-petro.vf@uob.com.my
Phone/Mobile No. +6017 303 5260
 
Bank Name CIMB Bank
Contact Person Noor Azmi Khamis / Richard Tan
Address 17th Floor, Menara CIMB, No. 1 Jalan Stesen Sentral 2, Kuala Lumpur Sentral, 50470 Kuala Lumpur
Email noorazmi.khamis@cimb.com | richard.tan@cimb.com
Phone/Mobile No. En Azmi: +603-2635 1478 012-230 3177 Mr Richard: +603-2635 1477 | 012-216 9168
 
Bank Name Exim Bank
Contact Person Norhuda Binti Yunos
Address Level 1, EXIM BANK, Jalan Sultan Ismail, 50250,
Kuala Lumpur
Email norhudayunos@exim.com.my
Phone/Mobile No. +603-2601 2089 | 013 358 3800
 
Bank Name HSBC Bank
Contact Person Edwin Sia
Address 9th Floor, South Tower, No. 2 Leboh Ampang, 50100 Kuala Lumpur
Email edwin.sia@hsbc.com.my
Phone/Mobile No. +603-2075 3738 | 012-223 1660
 
Bank Name Maybank
Contact Person Tan Yin Yin
Address 36th Floor, Menara Maybank, 100, Jalan Tun Perak, 50050 Kuala Lumpur
Email yytan@maybank.com
Phone/Mobile No. +603-2070 8833 ext 3691
 
Bank Name RHB Islamic Bank
Contact Person Zakaria Osman
Address Level 11, Tower 3, RHB Centre, Jalan Tun Razak, 50400 Kuala Lumpur
Email zakaria.osman@rhbgroup.com
Phone/Mobile No. +603-9280 5977 | 016-206 0308
 

 

For further enquiries, you may reach out to the Contact Person below:
msyakirshazmeer.azha@petronas.com or nastassia_halim@petronas.com.my

 

title

 

title

 

Eligibility Criteria:

  • Minimum of 51% Bumiputera shareholding
  • Bumiputera status verified by the Ministry of Finance
  • The Chief Executive Officer / Managing Director/Majority of the Bumiputera company’s top management are Bumiputera.
  • Incorporated in Malaysia under the Companies Act 2016

 

Bumiputera Icon

Bumiputera Expansion And
Catalyst Fund

Objective
To facilitate strategic financial support through collaboration with
financial institutions, development financial institutions, and
government agencies, in order to boost the scaling and expansion of
Bumiputera enterprises.
Fund Size
RM 1.0 Billion
(Financing up to RM10.0 million per company)
Profit Rate
Up to BFR + 20% per annum
Loan Tenure
Up to 8 years
Financing Purposes
Working Capital
Working Capital
Asset Acquisition
Asset Acquisition
Mergers & Acquisitions
Mergers & Acquisitions
Project & Contract Financing
Project & Contract Financing
Islamic Icon

Islamic Working Capital Project Financing (I-WCPF) Programme

Objective
To facilitate access to alternative financing solutions via innovative
Peer-to-Peer (P2P) digital platforms, with the objective of enhancing
the scale and growth of Bumiputera enterprises.
 
Fund Size
RM100.0 million
(Financing up to RM1.0 million per transaction)
Profit Rate
1% per month or up to 12% per annum
Loan Tenure
Up to 12 months
Financing Purposes
Project & Contract Financing
Project & Contract Financing
  • Government, GLC, GLIC, and private tenders or contracts.

For more information, please visit teraju.gov.my


 

Special OGSE Financing Programme

Through strategic partnership with Malaysian Industrial Development Finance (MIDF) Berhad, Special OGSE (SOS) Financing Programme is an alternative financing option for OGSE vendors complementing VFP to improve cash flow position.

Please refer to the poster for more information on this programme and how to apply.

 

 

asset-3

 

Eligibility Criteria:

Aims to aid underserved SME vendors, particularly those who:

  • Are in the early stages, with less than 5 years in business
  • Need access to smaller financing amounts

diagram

For further enquiries, you may reach out to the Contact Person below:
msyakirshazmeer.azha@petronas.com or nastassia_halim@petronas.com.my

 


 

Sustainable Vendor Financing Programme (SVFP)

Facilitates access to sustainable financing using sustainability disclosures to benefit from BNM’s sustainability-related financing facilities, including the High Tech and Green Facility (HTG) and Low Carbon Transition Facility (LCTF).

Aims to support PETRONAS vendors to adopt sustainable practices in their operations including but not limited to:

  • Obtaining sustainability certification
  • Integration and adoption of sustainable materials in production process
  • Improving energy efficiency of buildings and appliances
  • Installing on-site generation equipment of renewable energy
  • Investments in green technology
  • Employee Welfare and development e.g. workers’ housing & training and education

RM1 Billion pledged by partnering panel banks to finance the decarbonisation efforts of PETRONAS vendors.

Participating partner Banks: Alliance Bank, Bank Islam, UOB Malaysia.
 

Benefits:

  • Access to reduced interest rates
  • Benefit from KPI-based pricing and tax rebates
  • Enhanced access to additional working capital
  • Expedited onboarding to partnering panel Banks
  • Streamlined credit evaluation process criteria
  • Simplification of collateral requirements

Eligibility Criteria:

  • Applicable for PETRONAS vendors that are registered to the PETRONAS Supplier Support Programme (PSSP)
  • Vendors do NOT need to have an active contract with PETRONAS to apply for SVFP
  • Respective partnering Banks may request for supporting documentation to validate your sustainability efforts


 

Start your journey with us today and get access to SVFP!

 

  Alliance Bank Bank Islam UOB Malaysia
Contact Person Daryl Chew Roy Way;
Kevin Shawn Fernandez
Hamzah Johari Julia Ong Li Yen
Address 19th Floor, Menara Multi-Purpose, Capital Square, 8 Jalan Munshi Abdullah, 50100 Kuala Lumpur Commercial Banking, Level 23, Menara Bank Islam, No. 22, Jalan Perak, 50450 Kuala Lumpur Menara UOB, Jalan Raja Laut, 50350 Kuala Lumpur
Email darylchewrw@alliancefg.com; kevinsfernandez@alliancefg.com hamzah@bankislam.com.my uob-petro.vf@uob.com.my
Phone/Mobile No. +6012 732 3529 ; +6016 201 3813 +603 2726 7873 ; +6014 260 0360 +6017 303 5260


 

 

For general inquiries on SVFP, you may contact:
gp.sustainability@petronas.com

 

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


 

Malaysia Tax Incentives

Click Here to Download

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 to know more about the program.


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 James Goh, Head Corporate Finance
Address Unit 906, Level 9, Block A, Pusat Dagangan Phileo Damansara 2, No. 15 Jalan 16/11 Off Jalan Damansara, 46350 Petaling Jaya, Selangor
Email james@mainstreet.com.my
Phone/Mobile No. +603 – 7968 3398

Road to Bursa

 

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 Muhd Farrish Ishak, Vice President
Email farrish@bursamalaysia.com
Phone/Mobile No. +603-2034 7068

 

Bursa Malaysia
(IPO Marketing)
Contact Person Wong Kong Loong, Vice President
Email wongkongloong@bursamalaysia.com
Phone/Mobile No. +603-2034 7533

 

Bursa Malaysia
(IPO Marketing)
Contact Person Siti Khalida Khalid, Senior Manager
Email sitikhalida@bursamalaysia.com
Phone/Mobile No. +603-2034 7159

 

PETRONAS
Contact Connect to Collaborate (C2C)

 

Industry Talent Framework (InTAF)

InTAF is a strategic framework developed to estimate and address the talent gap by establishing an integrated analytics platform that assesses talent demand and supply based on national industry activity with a three-year outlook.

It is a collaborative effort between the Malaysia Petroleum Resources Corporation, the Malaysia Oil, Gas & Energy Services Council (MOGSC), and PETRONAS.

0 Visit Us for More Details

Industrial Skills Framework (IndSF)

IndSF is an initiative that acts as a guide for individuals, employers and training providers to recognise knowledge, experiences, skills mastery and promote lifelong learning within industry.

It is a collaborative effort between Human Resources Development Corporation (HRD Corp), Key Industrial Players and Associations.

First Edition

The first edition of Industrial Skills Framework (IndSF) covers core and in-demand skill sets in Oil and Gas Services and Equipment (OGSE) focusing on Maintenance, Turnaround and Projects for Onshore Facilities and Downstream Plants. It covers seventeen (17) skill sets which includes 264 technical skills, 5 soft skills and 66 certification programmes.

Second Edition

The second edition of Industrial Skills Framework was then published to enrich the first edition of Industrial Skills Framework. Eleven (11) skill sets are further enhanced in this edition to include existing and new occupational competencies, as well as certification schemes.

Overview of PETRONAS Supplier Support Programme (PSSP)

The programme aims to equip our suppliers in the OGSE industry with essential tools and platform, capability-building training, and access to transition financing to enhance the adoption and disclosure of sustainability practices, thereby accelerating their sustainability journey in alignment with the National Energy Transition Roadmap (NETR)

PSSP Support Pillars

In collaboration with our programme partners – UN Global Compact Network Malaysia & Brunei (UNGCMYB), Bursa Malaysia, and Joint Committee on Climate Change (JC3), we have developed tools and resources for our suppliers:

 

 

PSSP Mobile Image

PSSP Mobile Image

PETRONAS Sustainable Supply Chain (SSC)

We are committed to achieving our Net Zero Carbon Emissions by 2050 ambition. 

We plan to source goods and services that support the reduction of operational emissions and foster business growth in the low-carbon economy in a cost-competitive manner. 

In time, we will integrate emissions considerations into our sourcing decisions. 

We encourage all suppliers to embark on and progress in their GHG emissions management journey.

Scan here to find out more!

PETRONAS Supplier Sustainability Hub (PSSH)

The PSSH comprises of practical tools to implement sustainable practices, e-learning courses to gain knowledge on sustainability topics and OGSE case studies. All our suppliers are now able to access PSSH by clicking below.

Find out more

Technology Innovation and Adoption (TITAN)

TITAN is a strategic collaboration programme designed to streamline the pathway for innovative technologies to reach the market.

By partnering with the National Technology and Innovation Sandbox (NTIS) and Standards and Industrial Research Institute of Malaysia (SIRIM), TITAN offers a fair and comprehensive sandbox or testing ground where technologists and innovators can demonstrate their products to PETRONAS.

This initiative is dedicated to accelerating the technology and innovation journey within the OGSE sector, fostering growth and advancements in the industry.

For further details and collaboration opportunities, please connect with us via

0Connect to Collaborate (C2C)

PETRONAS Ventures

National Technology & Innovation Sandbox (NTIS)

 

  • Digital internet of things
  • Sustainable smart cities
  • Health technology
  • Construction
  • Logistics
  • Drone technology
  • Agriculture
  • Robotic and automation
  • High technology education
  • Sports technology
  • Smart highway

 


PETRONAS Ventures

Standards and Industrial Research Institute of Malaysia (SIRIM)

 

  • Robotic
  • 3D scanning
  • Biotechnology
  • Food technology
  • Novel energy
  • Renewable energy
  • Energy efficiency
  • Carbon capture
  • Hydrogen

 


OGSE Vendor Programme Calendar

This section is applicable for all PETRONAS Licensed & Registered (L&R) vendors to register for OGSE Vendor Programmes specified in the calendar below. OGSE Vendor Programmes are designed to promote and drive sustainability and resiliency of OGSE ecosystem in Malaysia via strategic collaboration amongst various stakeholders within the industry. To register for the programme, please click the link provided. Registration will be closed three (3) days before each scheduled programme.

 

Programme Calendar 

Updated as of 21 July 2023

January February March April May June

 

 

21 March:

SME Sustainability Series:
Charting the Sustainable Path For SMEs Session #1

   

13 June:

Introduction to punchout B2B Marketplace Session 1

14 June:

SME Sustainability Series:
Charting the ESG Path for SMEs - Session #2

20 June:

Tech Talk: Maximising Technology Commercialisation with Sandboxes and Grants

26-28 June:

Energy Asia 2023

 

July August September October November December

13 July:

Introduction to Punchout B2B Marketplace - Session #2

25 July:

Funding the Future: Financing Scheme Sharing - Subcontractors

3 August:

OGSE Partners Day (OPD) 2023

 

 

 

 

     

  Programme Details 

21 March 2023 (Tuesday)
08:30am – 05:00pm

SME Sustainability Series 2023: Charting the Sustainability Path for SMEs - Session #1
Awareness series exclusively for PETRONAS Licensed & Registered (SMEs) vendors in adopting Sustainability.

Eligibility: Licensed and Registered (SMEs) Vendors

  MD/CEO or Senior Management

 


 

14 June 2023 (Wednesday)
08:30am – 05:00pm

SME Sustainability Series 2023: Charting the Sustainability Path for SMEs - Session #2
Awareness series exclusively for PETRONAS Licensed & Registered (SMEs) vendors in adopting Sustainability.

Eligibility: Licensed and Registered (SMEs) Vendors

  MD/CEO or Senior Management

 


 

26 - 28 June 2023 (Monday - Wednesday)
08:30am – 05:00pm

Energy Asia 2023
Charting Pathway for Sustainable Asia


Note: Registration fees applies. For more information, click on the registration button.

  MD/CEO or Senior Management

 


03 August 2023 (Thursday)
08:30am – 05:00pm

OGSE Partners Day (OPD) 2023
To create a sustainable and healthy ecosystem via engagement with our stakeholders

Eligibility: Licensed and Registered (SMEs) Vendors

qr

Important notes:

1. QR Code to be used across OGSE Vendor Programmes i.e., Pre-Registration
2. Registration will be closed three (3) days before each scheduled programme.
3. All responses to be extracted by PIC and share data/info with respective programme owner.
4. Completed programme shall be removed from the list.
 

  MD/CEO or Senior Management

 



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