SAPURACREST PETROLEUMBERHAD• incorporated on 3 March 1979• 15 October 1992 - Bursa Malaysia• the largest homegrown integrated O&G serviceproviders in Malaysia• steadily expanded in operations internationally• Active participant in the O&G industry:-a. offshore oil and gas drillingb. installation of pipelines & facilitiesc. marine servicesd. maintenance activities.
KENCANA PETROLEUM BERHAD• December 2006 - Main Market of Bursa Malaysia• strategically positioned as the preferredintegrated solutions and services provider for theupstream oil and gas industry.• enlarged integrated services offering thatencompasses their core business engineeringand fabrication services• hook-up and commissioning• onshore construction• Offshore marine and drilling services.
THE MAKING OFSAPURA KENCANA PETROLEUM BERHAD“TWO HEADSAREBETTERTHAN ONE”
We are not mergingto cut cost. We aremerging to expandour market.15 MEI 2012
PURPOSE OF MERGERne of the top 5 oil and gas service support players in the wor
VISION“best entrepreneuriallyled, technicallycompetent and mosttrusted global oil andgas company”.
GLOBAL EXPANSIONoffers strong value proposition, given its fullspectrum of O&G services and vesselchartering track record.Solid partnerships :Seadrill, Subsea7 and L&T Not only offer technical collaboration-opportunities - expand -foothold beyondMalaysia.
STRATEGIC MARKETPENETRATIONinclude Malaysia & regional countries,neighbouring regions, emerging Latin America&North American.Infield Systems Limited (ISL) - total offshoreinfrastructure capex between 2011 - 2015 -USD298bn - growth of 42% compared -previous 5 year• to stiff competition from more established andlarger O&G companies
COLLABORATion• collaborated with GE Oil & Gas, a unit of US-based General Electric, since Jul 2012,• to improve O&M services for heavy industrialgas turbines and its components.• services offered under its O&M division includewellhead maintenance, valve maintenance,general plant maintenance, and slick-lineservices.
RECOMMENDATION• shortage of skilled labor• can create Skills Centre to avoid ashortage of skilled labor.• Example like Petronas,- built INSTEP which is a technicaltraining service provider.