KERTIH, 16 October 2024 – PETRONAS hosted its Terengganu Oil and Gas Services and Equipment (OGSE) Partners Day following the last event in Kuala Lumpur on 4 September. The event brought together over 200 local industry players and stakeholders to share the latest offerings and collaborate on enhancing vendor capabilities to foster a more sustainable and resilient ecosystem.
Terengganu OGSE Partners Day aimed to focus on rallying for action sessions exploring key topics such as sustainability, technology innovation, financing and growth, capability and talent development and operational excellence. Additionally, there were also nine exhibition booths ranging from government and industry associations, as well as financial institutions.
PETRONAS Vice President of Group Procurement, Rashidah Alias in her keynote address highlighted the importance for OGSE vendors to develop local talent and capabilities to strengthen the competitiveness within the state, amidst the energy transition.
“Today, we find ourselves at a pivotal moment in the oil and gas industry, where the landscape is defined by global challenges that cross borders. We urge Terengganu OGSE vendors to actively seek opportunities for innovation and growth. By prioritising capability building and upskilling, vendors can enhance their resilience and competitiveness, ensuring that they are well-positioned to meet industry demands and drive sustainable growth,” she said.
The event was also supported by the Terengganu State Government, with the presence of Ir. Saiful Azmi Bin Suhaili, Ahli Dewan Undangan Negeri Kemasik, alongside Puan Afnida, Chief Executive Officer of Yayasan Pembangunan Usahawan Terengganu.
Demonstrating its commitment to upskill local vendors, Yayasan Pembangunan Usahawan Terengganu (YPU) also showcased the Anak Terengganu Certificate (ATC) at the event. As the custodian of ATC, YPU provides certification to Terengganu vendors, empowering them to actively participate in oil and gas activities. YPU oversees the verification and certification process while collaborating with various agencies to offer certificate holders access to structured programmes focused on capability building, skill enhancement and financial management.
As a catalyst for Malaysia’s oil and gas ecosystem, PETRONAS is committed to strengthening the resilience of the local OGSE sector to become globally competitive and technically competent in new and novel technologies that support the energy transition. PETRONAS remains dedicated to building a strong OGSE ecosystem in Terengganu through various programmes to support its vendors including the Vendor Financing Programme (VFP) which facilitated access to financing of over RM 342 million for 54 Terengganu-based companies since 2018, in partnership with nine financial institutions.
In addition to VFP, PETRONAS’ Vendor Development Programme (VDP), which has been nurturing Bumiputera vendors since 1993, has significantly impacted the local industry, with 10 Terengganu-based companies participating to date. Additionally, seven Terengganu companies are currently supported under VDPx, an extension of VDP, aimed at scaling up the capabilities of high-performing vendors and amplifying its benefits across the industry and the nation.
As PETRONAS celebrates its 50th anniversary, the global energy company remains dedicated to its mandate under the Petroleum Development Act (PDA) 1974. PETRONAS continues to support the government’s efforts to drive economic growth through maximising petroleum resources by working closely with industry players, stakeholders and government agencies to strengthen the resilience of the OGSE sector.
