Home Highlights Halliburton, Asian Supply Base Bullish On Labuan O&G Sector

Halliburton, Asian Supply Base Bullish On Labuan O&G Sector

LABUAN, 6 Sept -- Halliburton, one of the world's top energy services companies with global presence in 70 countries worldwide, sees positive outlook for the oil and gas industry in Labuan, in line with the outlook for the global industry.

Robust demand from emerging markets and the ability of growth in production to outpace softer oil prices are factors that support the positive outlook in the sectors.

Its Area Vice President Rao Abdullah told Bernama Halliburton's long-term goal is also to help Malaysia become the hub for human capital in the oil and gas industry, especially against the backdrop of the company being selected as one of seven world leaders in Human Capital Development, Standards for Suppliers, Corporate Governance, and Customer Relationship Management.

He said Halliburton is committed to increasing the percentage of local expertise in Malaysia and elsewhere around the world where it operates.

"We're looking for many young Malaysian engineers, technicians and professionals to join our organisation," he said, adding that he believes many people in Sabah and Sarawak are interested in careers in the oil and gas industry.

Halliburton currently employs almost 1,000 people throughout Malaysia, with more than 200 in Labuan alone, more than 95 per cent of them Malaysians.

Rao said Halliburton has played a key role in the Malaysian economy since its incorporation 33 years ago in Malaysia.

From the more than RM500 million it invested in its manufacturing plant in Senai (Johor), Halliburton expanded its facilities and services in the last few years to Kuala Lumpur, Miri (Sarawak), Kemaman (Terengganu) and Labuan.

Halliburton has moved into a new RM50 million facility at the Asian Supply Base (ASB), Rancha-Rancha Industrial Zone.

Rao said Halliburton is proud of its pioneering role in developing successful business partnerships with local companies, citing Inno Marine Services Sdn Bhd, where Halliburton worked closely to support international oil companies operating in Malaysia, Brunei and Thailand.

The oil, gas and energy sector has been a mainstay of Malaysia's growth and contributes approximately 20 per cent to national GDP.

As part of its long-term interest in Malaysia, he said, the company is also committed to developing and utilising Malaysian resources, effecting technology transfers, establishing joint ventures and collaborating with Petronas through the latter's Universiti Teknologi Petronas (UTP).

"Halliburton is dedicated to creating value for our shareholders, customers, employees and partners through superior business performance. Our future success will be built around operational excellence, technological leadership, innovative business relationship and a dynamic workforce," he said.

Meanwhile, ASB Chief Executive Officer Datuk Harris Tan said Labuan has great potential to be turned into an oil and gas town with its strategic location regionally and a steady increase in the number of players at ASB's base.

"Labuan has all the ingredients to move forward and be competitive enough in the oil and gas sector," he said.

Harris stressed the importance of government support, particularly in land acquisition and related arrangements.

ASB hosts more than 80 international and local players in its base with a workforce of some 5,000.

-- BERNAMA

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