06 December 2013
Petrofac-RNZ tie-up in Malaysia proving to be successful
Petrofac-RNZ is a strategic engineering collaboration formed in Malaysia in 2011. The business has around 700 employees and is one of only a small number of companies licensed to undertake major offshore engineering projects for PETRONAS, the Malaysian National Oil Company.
The tie-up has been working well, with Petrofac-RNZ experiencing growth of 29% in 2012, compared to RNZ’s position in 2011.
Speaking about the business, General Manager Rozali Ahmad explains: “The main objective of Petrofac-RNZ is to work together to build a strong local presence and enhance our ability to serve the oil and gas industry in the Southeast Asian market.”
Rozali believes the strong RNZ brand and its 20-year track record in the local market, coupled with Petrofac’s international reputation, will help the business to secure new projects, especially in the offshore sector.
As the business continues to grow, the team has spent most of this year aligning internal processes and systems. Now that this has been completed, the focus has turned to building the Petrofac-RNZ brand and business.
Rozali says: “We see real opportunities, as a result of the collaboration, to develop our respective offerings. One of the key factors behind the link-up was our commitment to work jointly on all engineering related work in Malaysia and to build a centre of engineering excellence in this region.”
Rozali is positive about the outlook of the business for next year. “Looking at the current market trends and strong pipeline of new projects, we see real momentum for 2014.”