Malaysia’s OGSE sector must go global to stay competitive, says Malaysia Petroleum Resources Corporation

KUALA LUMPUR, Sept 2 — Malaysia's oil and gas services and equipment (OGSE) sector must transition from being capable suppliers to globally competitive players, according to the Malaysia Petroleum Resources Corporation (MPRC). MPRC President and CEO Mohd Yazid Ja'afar emphasized that the sector needs to collaborate globally to unlock new opportunities and bolster regional and international supply chains.

While the Malaysian market is significant, it cannot be the sole limit for OGSE growth in Malaysia. Regional and international markets, including those in ASEAN, are presenting emerging prospects in conventional oil and gas, gas infrastructure, carbon management, digitalization, and the broader energy transition.

In a keynote address at the Oil & Gas Asia (OGA) 2026 opening ceremony in Kuala Lumpur, Mohd Yazid urged OGSE industry players to hasten digitalization. He stressed that digitalization is no longer just an efficiency program but a key competitive advantage for the sector. Furthermore, MPRC urged the industry to invest in future-ready talent, as the industry will require new skills, capabilities, and ways of working.

Mohd Yazid also stressed the importance of sustainability, noting that low-carbon capabilities are becoming an increasingly integral part of the competitive landscape, not just a compliance requirement.

The sector should not be afraid of the energy transition, but rather embrace it as it will create new markets, technologies, and demand for new capabilities, according to Mohd Yazid. As MPRC's National OGSE Development Partner, MPRC stands ready to support companies serious about growth through strategic government engagement, market intelligence, and targeted programs to help Malaysian companies compete both domestically and internationally.