Sribima Shipping - Safety Standby Vessel; Bima Tiga

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Name Of Vessel  : Bima Tiga
Registry              : Kuching, Malaysia
Type : Safety Standby/GP

Oil and Gas Industry - An Overview

Petroleum, Oil & Gas

Overview

As Malaysia’s Oil and Gas Industry progresses, the local companies have become prominent service providers in the areas of exploration and production (E&P) operators in Malaysia, and are also capable of providing their services (and products) globally.

Malaysian oil and gas companies are competent in providing multi-disciplinary services which include among others, process design, mechanical and piping design, structural and civil design, electrical and instrumentation, oil rigs engineering and fabrication, welding and pipe threading, environmental management such as total sludge management which involves sludge quantification, sludge removal and sludge treatment.

The Oil, Gas and Energy - National Key Economic Area (NKEA)

• The Oil, Gas and Energy NKEA is targeting into an increase of RM131.4 billion (5% annual growth) in the period from 2010 to 2020.
• 12 entry point projects (EPPs) have been identified under the oil, gas and energy sector. The EPPs are expected to create RM64 billion worth of GNI contribution and at least 47,156 jobs by 2020.

No.	EPPs	2020 GNI (RM millions)	Jobs
1	Rejuvenating existing fields through enhanced oil recovery	8,469.7	411
2	Developing small fields through innovative solutions	8,469.7	411
3	Intensifying exploration activities	8,469.7	411
4	Building a regional oil storage and trading hub	1,625.7	790
5	Unlocking premium gas demand in Peninsular Malaysia	2,404.1	N/A
6	Attracting MNCs to bring their global oil field service and equipment operations to Malaysia	6,124.8	20,000
7	Consolidating the domestic fabricators	4,108.8	5,000
8	Developing engineering, procurement and installation capabilities and capacity through strategic partnerships and joint ventures	4,028.8	15,000
9	Improving energy efficiency	13,925.7	N/A
10	Building up solar power capacity	457.5	1,906
11	Deploying nuclear energy for power generation	212.3	2,637
12	Tapping Malaysia’s hydroelectricity potential	5,693.9	590
	TOTAL	63,991	47,156

These EPPs have been developed across 4 themes to raise sector’s output and meet energy demands over the 10 year time frame. The themes are:

1. Sustaining oil and gas production
2. Enhancing growth in downstream
3. Making Malaysia the number one Asian hub for oil field services
4. Building a sustainable energy platform for growth

For details on Oil, Gas and Energy NKEA,
visit : http://etp.pemandu.gov.my/Overview_of_NKEAs_-@-Oil,_Gas_and_Energy.aspx