Malaysian firms secure $7.2b oil, gas deals in Houston
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Malaysian oil and gas firms secured US$7.2 billion in new business opportunities in the recently-concluded Offshore Technology Conference (OTC) in Houston.
The business opportunities ranged from oil and gas exploration, fabrication of oil and gas structures as well as shipbuilding and offshore support, Malaysia External Trade Development Corp (Matrade) said in a press release.
The conference began on April 30 and continued through May 3.
During the conference, over 145 meetings were arranged for Malaysian companies participating under the Malaysian Pavilion coordinated by Matrade in collaboration with Malaysia Petroleum Resources Corp and Malaysian Investment Development Authority.
Two memorandums of understanding were signed between Muhibbah Engineering (M) Bhd and Ford, Bacon & Davis USA for the engineering and project management services for oil & gas, energy and process services, and Innovative Fluid Process Sdn Bhd with Americas Energy Co for the provision of facilities, system design and engineering.
The OTC has been tagged as the world’s foremost event for the development of offshore resources in the fields of drilling, exploration, production and environmental protection.
