CR 357 Rests.

SapuraCrest Petroleum Berhad participated in the Oil and Gas Asia Exhibition 2011 (OGA) that successfully took place from 1 to 3 June 2011 at the Kuala Lumpur Convention Centre, joining 1,500 other Oil & Gas companies from 50 countries.

Among the exhibits at SapuraCrest booth were Seaeye Surveyor ROV, LBV200-4 Observation ROV and Echo ...Yodel Pipeline Tool, followed by models of Sapura 3000, J-Lay tower, LTS 3000, QP 2000, Teknik Wira, Sarku 300 and T10.

The official launch ceremony was held on Thursday, 2 June 2011 at the same venue, graced by The Honourable Deputy Prime Minister, YAB Tan Sri Dato’ Haji Muhyiddin Yassin. Also present at the ceremony were Chairman & Founder of Sapura Group, YBhg Tan Sri Shamsuddin Abdul Kadir, President & CEO of Sapura Group, YBhg Datuk Shahril Shamsuddin, and other delegates from the Oil & Gas industry from all around the region.

“Malaysia is targeting five percent annual growth for the energy sector in the decade from 2010 to 2020. This target translates into an increase of RM131.4 billion in the period from 2010 to 2020. This is indeed an ambitious goal, particularly against a backdrop of the natural decline of oil and gas production” said YAB Tan Sri Dato’ Haji Muhyiddin Yassin in his speech.

He further added “To achieve such ambitions, we are fully aware that there is a need for a one stop Government body with sufficiently deep industry knowledge and expertise that focuses on coordinating and promoting the Malaysian Oil Field Services and Equipment (OFSE) industry. Hence the Government is in the midst of establishing the Malaysia Petroleum Resource Corp, which will look into creating an attractive business environment for multinational companies by ensuring administrative ease as well as to promote the Malaysian OFSE industry to overseas companies and investors, amongst others. OGA 2011 will undoubtedly provide ample opportunities for exhibitors to meet and network with representatives from oil enterprises from throughout Asia-Pacific region”

Sapura had the pleasure of welcoming YAB Tan Sri Dato’ Haji Muhyiddin Yassin at the SapuraCrest booth where he did a walk-through of the various assets displayed at the booth, accompanied by YBhg Tan Sri Shamsuddin Abdul Kadir, YBhg Datuk Shahril Shamsuddin, Encik Shahriman Shamsuddin and the rest of the Sapura team.