MPRC urges OGSE players to harness innovation for competitiveness

The Star

Malaysia Petroleum Resources Corporation (MPRC) president and CEO Mohd Yazid Ja’far has urged the nation’s oil and gas services and equipment (OGSE) industry to embrace innovation and diversification to remain competitive.  Speaking at the Oil and Gas Asia (OGA) 2025 on Tuesday (Sept 2), Mohd Yazid also called on international players to leverage Malaysia’s strategic location as a gateway to the Asean market.  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

00:00Resources Corporation, NPRC.

00:04As we convene here, remarkably, at the 21st edition of OGA,

00:11the reality before us is clear.

00:13Our industry must deliver a secured and reliable energy today

00:18while also preparing for a more sustainable, diversified and low-carbon future.

00:25This dual responsibility is where Malaysia's OGSC companies

00:29play an outsized role.

00:32They are the service backbone, they are the problem solvers,

00:35and they are the bridge between ambition and delivery.

00:40Malaysia's OGSC ecosystem is built upon decades of deep water expertise,

00:46world-class engineering, and strong local content.

00:49Our companies have designed and delivered offshore platforms in Brazil.

00:55They have supported LNG terminals in the Middle East,

00:57and they have made their mark across ASEAN.

01:01This track record makes Malaysia's a credible partner on the world stage.

01:07The task now is to turn these assets into future advantage.

01:13And for that, my humble ask, today is threefold.

01:18To OGSC companies, be bold in diversifying and innovating.

01:23Do not stop just at serving today's project.

01:27Prepare to capture tomorrow's markets in low-carbon technologies,

01:31digital solutions, and sustainable services.

01:35In this regard, NPRC is guiding companies into areas such as CCUS,

01:40carbon capture, utilization, and storage,

01:41and hybrid hydro-faulting solar,

01:43which are part of the National Energy Transition Roadmap's flagship projects.

01:50Malaysia's foray into these segments will depend heavily on the engineering

01:54and service expertise within our OGSC base.

01:58My second request is to investors and international partners.

02:03Leverage Malaysia's position as a gateway to ASEAN.

02:07Our firms bring proven technological expertise,

02:11cost competitiveness, and a willingness to collaborate.

02:14Engage with them at this show.

02:17Sign MOU, if you will.

02:19Explore joint ventures and identify projects

02:22where Malaysian capability can multiply your success.

02:26On a later note, NPRC also leads the Strategic Partnership Support Program

02:32under the OGSC blueprint,

02:35where we aim to catalyze cooperation, collaboration,

02:39and even consolidation among OGSC companies

02:42to strengthen their competitiveness in and outside Malaysia,

02:48both in the traditional oil and gas and energy businesses,

02:51as well as opportunities beyond OGSC.

02:55Finally, to my fellow policymakers and DOJSC companies,

03:00let us continue working together to align procurement, financing,

03:06and incentives to reward innovation, sustainability, and local capability.

03:11When government, industry, and financiers move in the same direction,

03:16transitions accelerate,

03:17and the returns are more rewarding for everyone.

03:21Colleagues, if and when we succeed,

03:25the OGSC industry will not just support Malaysia's energy future,

03:30it will shape it.

03:32We would create resilient companies,

03:35future-ready talent,

03:36and a vibrant ecosystem that keeps Malaysia's comparative,

03:39connected,

03:41and continuously respected in the global energy community.

03:46NPRC stands ready to play our part

03:49as a catalyst,

03:50as a convener,

03:51and as a trusted partner to industry,

03:53especially in bridging the government and private sector.

03:56Let us make these three days

03:59a moment where we reaffirm a malicious role

04:01as a trusted hub for energy solutions.

04:05Together, powering progress and shaping tomorrow.

04:08it is hard to do tomorrow.

04:15All right,

04:18let us know more.

04:24Let us know more.

04:25We will be back also together.

04:26Please let us know more.

04:28Please let us know more.

04:31Let us know better.

04:32Let us know more.

04:33Let us know better for you guys,

04:35but it is better for you.

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