Malaysia’s National Oil & Gas Services and Equipment (OGSE) Industry Blueprint Convenes Inaugural Steering Meeting
KUALA LUMPUR, 11 November 2021 – The Economic Planning Unit (EPU) and Malaysia
Petroleum Resources Corporation (MPRC) recently organised an inaugural steering
committee of the National OGSE Industry Blueprint 2021-2030 that was chaired by Minister in
the Prime Minister’s Department (Economy), Dato’ Sri Mustapa Mohamed.
The Blueprint Steering Committee, which was established following the launch of National
OGSE Blueprint in April this year, on Monday reviewed the progress over the last eight months
of the Blueprint implementation, specifically the initiatives that have been rolled out this year
and endorsed five programmes escalated by initiative owners MPRC, MIDA, and MATRADE.
The endorsed programmes include a Government point of contact for oil and gas services and
equipment (OGSE) industry via a web-portal—an MPRC-owned initiative—that was launched
in September. Other initiatives endorsed by the Committee include efforts undertaken towards
defining and recognising OGSE companies and establishing a baseline to track the progress
and development of the sector.
The Committee, with EPU’s Energy Division and MPRC jointly serving as secretariat,
comprises Secretary Generals from the Ministry of Finance (MOF), the Ministry of International
Trade and Industry (MITI), the Ministry of Entrepreneur Development and Cooperatives
(MEDAC), the Ministry of Science, Technology and Innovation (MOSTI), the Ministry of Higher
Education (MOHE), the Ministry of Human Resources (MOHR), Senior Deputy Secretary
General of the Prime Minister's Department and EPU Director General, with the Minister in the
Prime Minister Department (Economy) serving as chair. The Steering Committee convenes
for meeting at least twice a year during the implementation phase of the Blueprint.
The Blueprint—an effort by the Malaysian Government to solve existing structural challenges
in Malaysia’s OGSE sector—identified 31 initiatives across key levers including export,
Bumiputera development, technology, industry and financial strength, and talent.
In support of the sector’s continued growth, EPU also worked closely with MPRC in developing
and designing the OGSE Development Grant (OGSE DG), alongside the Blueprint to enhance
local Mid-Tier Companies (MTC) and Small Medium Enterprises (SMEs) players’
competitiveness through innovation and export. The RM25 million OGSE DG was launched
in April together with the Blueprint. As of November, the OGSE DG has selected 10
companies, or equivalent to RM2.2 million in disbursement.
“Based on figures provided by MPRC, I am pleased to announce that the OGSE DG is on
track towards achieving its target of RM5 million in annual disbursement to eligible and
approved companies. This is a heartening development as we believe companies that
embrace innovation will better navigate and thrive in a competitive and evolving energy
landscape,” Mustapa said.
MPRC President and Chief Executive Officer, Mohd Yazid Ja’afar, added that together with
EPU, MPRC will continue to deliver meaningful impacts to the OGSE industry to reach its full
potential. The Development Grant will assist in increasing OGSE companies’ competitiveness
in the industry, accelerate innovation and drive them move towards commercialisation and
The OGSE Development Grant is part of the Twelfth Malaysia Plan to assist and facilitate high
potential OGSE Small and Medium Enterprises (SMEs) and Mid-Tier Companies (MTCs) to
move and develop their technology and innovation along the complex stages of the
commercialisation process. The grant is a matching fund on a 70:30 basis. Details of the
OGSE Development Grant are available at www.mprc.gov.my/OGSEDG.