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TWO HEADS
We are not merging to cut cost. We are merging to expand our market
15 MEI 2012
PURPOSE OF MERGER
create a full-fledged integrated O&G service provider with strong delivery capabilities can undertake larger and more complex projects helps to realize the objectives set out under the (ETP)
VISION
best entrepreneurially led, technically competent and most trusted global oil and gas company.
Operating Sructure
CORE BUSINESS
INSTALLATION & COMMISSIONING OF PIPELINES DEVELOPMENT & MAINTENANCE OF OILFIELD FACILITIES OFFSHORE DRILLING SERVICES ENGINEERING, PROCUREMENT & CONSTRUCTION
MARINE SERVICES
FINANCIAL REVIEW
BEFORE MERGE
AFTER MERGER
GLOBAL EXPANSION
offers strong value proposition, given its full spectrum of O&G services and vessel chartering track record. Solid partnerships : Seadrill, Subsea7 and L&T
Not only offer technical collaborationopportunities - expand -foothold beyond Malaysia.
include Malaysia & regional countries, neighbouring regions, emerging Latin America& North American. Infield Systems Limited (ISL) - total offshore infrastructure capex between 2011 - 2015 - USD298bn growth of 42% compared - previous 5 year to stiff competition from more established and larger 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 industrial gas turbines and its components. services offered under its O&M division include wellhead maintenance, valve maintenance, general plant maintenance, and slick-line services.
RECOMMENDATION
shortage of skilled labor can create Skills Centre to avoid a shortage of skilled labor Example like Petronas, - built INSTEP which is a technical training service provider.