Monday, 10 October 2011

Malaysian O&G Firms Secure UK Contracts Worth RM5.2 Million

Nine Malaysian oil and gas firms which participated at the Offshore Europe 2011 exhibition have secured RM5.2 million in contracts for safety equipment and mechanical seals.

In a statement today, the Malaysia External Trade Development Corporation (Matrade) said the contracts included the sale of fire retardant coveralls and safety shoes worth RM5 million.

The exhibition was held from Sept 6-8, in Aberdeen, the United Kingdom.

"An additional RM54.7 million in potential sales are under negotiation through the exhibition.

"The business segments involved are for customised rotating equipment, design, fabrication and packing of components, lubricants, fluids, greases, coolants, oil treatments, software on online vessel business risk management, mechanical seals, gaskets and containers," the agency said.

Matrade also said that Malaysia has gained international recognition and established an excellent track record in the global oil and gas industry.

"As a continuous effort by Matrade to enhance and promote the exports of Malaysian products and services in the oil and gas sector, the agency will be organising similar programmes to Ashgabat (Turkmenistan), Tashkent (Uzbekistan), Basra (Iraq) and Yangon (Myanmar)," it added.