Amid shifting market trends and growing emphasis on sustainability, Malaysia’s OGSE sector must pivot to new ways of doing business. Launched by the Ministry of Economy in April 2021, the National OGSE Industry Blueprint 2021-2030 (OGSE Blueprint) aims to develop a robust, resilient and globally-competitive Malaysian OGSE sector which contributes to the sustainable development of national priorities.
Malaysia’s OGSE sector is undergoing a significant transformation, with more and more players gearing to pivot towards energy transition and low carbon principles to address climate change, in line with national and international priorities.
To facilitate the transition and pave the way for OGSE companies to thrive in the future, MPRC is dedicated to facilitating the realisation of the OGSE Blueprint by fostering collaboration and partnerships with OGSE ecosystem stakeholders including from Government and the private sector, regulators and other key players.
Through a comprehensive platform offering informative resources, networking avenues, and collaborative tools, we aim to empower Malaysian OGSE enterprises to adeptly navigate market dynamics, seize emerging opportunities, and make substantial contributions to Malaysia’s economic and energy objectives.
A robust, resilient, and globally-competitive Malaysian OGSE sector which contributes to the sustainable development of National priorities
Competitiveness
Resilience
Development
Sustainability
Human capital, mindset and ways of working
Technology, innovation and infrastructure
Market regulation and Bumiputera participation
Domestic and international market access
Funding and investments
Industry-wide recommendations:
1. Government point of contact for OGSE
2. Industry Consolidation
3. OGSE industry data depository
4. Industry-wide guidance on global OGSE trends and best practices
5. OGSE Company recognition
Technology development recommendations:
1. Applied R&D centres to bridge academia and industry
2. R&D apprenticeship programme
3. Secondment of local talent to foreign R&D centres
4. Tech adoption financing, tax deductions, and tariff waivers
5. Overseas researcher outreach programme
6. In-shoring of R&D activities and high-value manufacturing from MNCs
7. OGSE Intellectual Property (IP) marketplace
Talent development recommendations:
1. Skilled worker retention programme
2. OGSE career promotion
3. Expansion of Engineering courses
4. Expert mentorship from ex-OGSE talents
Export capabilities recommendations:
1. Orchestration of consortiums for OGSE players, with the facilitation of seed financing
2. Grants and/or tax breaks to OGSE segments that are nearly export-ready
3. Mitigation of export risk through debt collection, export risk insurance and arbitration
4. Engagements with foreign government / National Oil Corporations in high-potential markets
5. Energy Export Fund
Financial strength recommendations:
1. OGSE financing Centre of Excellence
2. Financial management workshops
3. Alternative financing platform for OGSE
4. Special growth facility for nascent adjacencies
Bumiputera participation recommendations:
1. Centralisation of OGSE Bumiputera assistance
