- Signed MoU with Alliance Bank, Bank Islam, UOB Malaysia, RHB and MIDF to expand Sustainable Vendor Financing, linking vendors to Bank Negara facilities (LCTF, HTG) and MIDF's SGBF.
- Aligned discussions with the National OGSE Industry Blueprint 2021-2030 to boost regional competitiveness.
- OGSE sector accounts for 5–8% of Malaysia's GDP and supports over 123,000 jobs.
- Event gathered 800+ stakeholders—vendors, production sharing contractors, banks, associations and government agencies—to focus on technology adoption, talent and financing.
Event summary
PETRONAS convened 800+ OGSE stakeholders at OGSE Partners Day, themed "Empowering Resilience", bringing vendors, associations, production sharing contractors, banks and government agencies to discuss sector priorities.
Strategic focus
Keynote by Datuk Ir. Bacho Pilong stressed integrated transformation across sustainability, digital operations, finance, talent development and governance, noting these elements must advance together rather than in silos.
Discussions and alignment
Panel sessions addressed operational efficiency, governance, capability development, technology adoption, talent and financing, and aligned with the National OGSE Industry Blueprint 2021-2030 to bolster regional competitiveness.
Financing measures
PETRONAS formalised an MoU for its Sustainable Vendor Financing Programme with Alliance Bank, Bank Islam, UOB Malaysia, RHB and MIDF, extending vendor access to Bank Negara facilities (LCTF, HTG) and MIDF’s SGBF; the programme was launched last year.
Industry impact
The OGSE sector contributes an estimated 5–8% of Malaysia's GDP and supports over 123,000 jobs nationwide.
