KUALA LUMPUR (Sept 13): The government will formulate sustainability plans in relation to the oil and gas services and equipment (OGSE) companies to guide the structural adjustments and realignments of the OGSE industry in the era of energy transition, said the Ministry of Economy deputy secretary-general (sectoral) Datuk Yatimah Sarjiman.
It is estimated that the OGSE industry will need about 60,000 highly skilled talents by 2030, to ensure its sustainability and ability to contribute positively to the country’s oil and gas (O&G) industry, she said at the opening ceremony of Oil and Gas Asia 2023 (OGA 2023) & EIC APAC Energy Conversations here on Wednesday.
According to Yatimah, the government is aware of the need to further invest in developing a skilled local workforce, by providing quality education, vocational training and upskilling programmes with the necessary expertise to thrive in the evolving energy landscape.
“We are pleased to oversee the continued development of the OGSE industry through our agency, Malaysia Petroleum Resources Corporation (MPRC),” she said, reaffirming the government's commitment to ensuring the energy transition, attracting high-quality investment and investing in the future workforce.
“However, we also know the fact that it cannot be done without collaboration and support of the private sector.
“We would like to foster an ecosystem that promotes research, innovation and investments in clean energy technologies, to coexist harmoniously with our conventional resources, which can only be done with strong support from the private sector. By working together, we can address any challenges and unlock new avenues for growth in the sector,” added Yatimah.
The OGSE industry has played an important role in the country’s O&G sector since the 1980s.
In recent years, the O&G industry has moved to produce a greater share of sustainable energy, while balancing affordability, access and job creation. Now, it is one of the industries using advanced data analytics, robotics and artificial intelligence.
According to the National Energy Policy 2022-2040, the energy sector contributed approximately 28% of the country’s gross domestic product and employed 25% of the total workforce in Malaysia.
The sector is a key source of national income, with petroleum-related products contributing 31% of fiscal income, and energy exports constituting 13% of total export value.