Importance of Oilfield Services in Malaysia

inclusive oilfield services in Malaysia

Malaysia is a major oil and gas producer in the Asia-Pacific region, with an average production of 1.7 million barrels of oil equivalent per day in 2018. The country’s remaining commercial reserves in over 400 fields are estimated to be more than 5 billion barrels of oil equivalent, with gas accounting for nearly three-fourths of the mix. While crude oil has been produced onshore in the Malaysian state of Sarawak since the early 1900s, the modern upstream sector has been focused on the development of oil and gas resources offshore Peninsular Malaysia, Sabah, and Sarawak since the 1960s. Today, the oil and natural gas sector remain important to the Malaysian economy.

Important Role of Oilfield Services in Malaysia

Oilfield service providers offer the goods and labor required to build, finish, and produce oil and gas wells. There are many different companies, ranging from the enormous Schlumberger, whose divisions offer nine out of ten products and services required to explore, develop, and produce an oil and gas basin, to a single, service company like Geolog, specializing in surface data logging for international and offshore drilling projects.

This diverse group’s connection to oil company operators distinguishes it as a distinctive player in the petroleum industry. According to a manager from a top French oilfield services provider, oilfield services providers are in the first row of the pyramid of services for a project, and their role is to choose and incorporate technologies into the project delivery.

The expansion of the oilfield services industry is largely a result of innovation and the pursuit of answers to the operators’ financial and technological problems. The industry is “solutions-driven,” according to Alan Kennedy of KPMG. Businesses expand by creating proprietary technologies and know-how that can be used on specific projects and later become a standard industry service or way of doing business. They can achieve economies of scale on technology development thanks to their specialization and frequent use of services, which oil companies are unable to do to the same extent. 

Oilfield Services in Malaysia

  1. Altus Malaysia

For your business, Altus Malaysia’s Oilfield Services comprised offshore winches, compressors, generators, containers, and equipment as well as chemical handling, storing, and shipping. By collaborating with the top offshore container expert, Swire Energy Services, the firm intends to assist you in achieving the objectives of your clients. A wide range of lifting equipment services are available through the company’s in-house knowledge for inclusive oilfield services in Malaysia solutions, and an asset monitoring system makes it possible to monitor the progress of the service.

  1. Expro Sdn Bhd

Expro is a pioneering full-cycle energy services expert who offers creative, clever solutions, trustworthy knowledge, and award-winning safety. Additionally, the company has a reputation for outstanding performance that maintains the efficiency of your operations by fusing cutting-edge, futuristic technology with high-quality data in areas like excellent construction, well flow management and production, subsea good access, and well integrity and intervention.

  1. IPS

Since 2007, IPS has been the sole representative of Seadrill in Malaysia. IPS has over 25 years of experience in the chartering and management of offshore drilling rigs. A reputable and well-known offshore deep-water drilling company, Seadrill is traded on the Oslo and New York stock exchanges. Seadrill operates an offshore drilling rig fleet made up of drill-ships, jack-up rigs, and semi-submersible rigs for operations in shallow to ultra-deepwater regions, in both harsh and benign circumstances. The fleet is modern, versatile, resilient, and of the highest quality. Together, IPS and Seadrill have produced the most intelligent and adaptable fleet of mobile offshore rigs over the years for customers including Petronas Carigali, Shell, Exxon-Mobil, Murphy Oil, IPC, and others.

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