The government will develop sustainable plans for the OGSE industry, says Jen, a sub-division of the Ministry of Economy

KUALA LUMPUR (Sept 13): The Ministry of Economy has said that the government will develop sustainable plans for oil and gas services and equipment (OGSE) companies to guide structural changes and restructuring of the OGSE industry in the era of energy transition. Deputy General Secretary (Department) Datuk Yatima Sarjiman.

The OGSE industry is estimated to require 60,000 highly skilled talent by 2030 to ensure its sustainability and ability to contribute positively to the country’s oil and gas (O&G) industry, he said at the launch of Oil & Gas Asia 2023. OGA 2023) & EIC APAC Energy Dialogues Wed.

According to Yatima, the government is aware of the need to further invest in developing a skilled local workforce by providing quality education, vocational training and development programs with the expertise needed to thrive in the emerging energy landscape.

„We are delighted to oversee the continued growth of the OGSE industry through our company Malaysia Petroleum Resources Corporation (MPRC),” he said, reaffirming the government’s commitment to ensuring the energy transition, attracting high-quality investment and investing in future workers. .

“However, we are also aware of the fact that it cannot be done without the cooperation and support of the private sector.

„We want to foster an ecosystem that promotes research, innovation and investment in clean energy technologies, coexisting harmoniously with our conventional resources, and this can only be done with strong support from the private sector. By working together, we can face any challenges and open new avenues for the sector’s growth, ” said Yatima.

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The OGSE industry has been playing an important role in the country’s O&G sector since the 1980s.

In recent years, the O&G industry has moved to produce a greater share of sustainable energy, while balancing affordability, accessibility and job creation. Now, it is one of the industries that use advanced data analytics, robotics and artificial intelligence.

According to the National Energy Policy 2022-2040, the energy sector contributes about 28% of the country’s GDP and employs 25% of the total workforce in Malaysia.

The sector is a major source of national income, with petroleum-related products contributing 31% of fiscal revenue, and energy exports accounting for 13% of total export value.

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