Malaysia is the second-largest Oil & Gas producer in the Association of Southeast Asian Nations (ASEAN) and one of the world’s top LNG producers. The industry is characterised by PETRONAS’ stability and an emphasis on enhanced oil recovery, marginal fields and deep-water developments, making Malaysia an attractive market for higher-value services. The country possesses a strong ecosystem of services and equipment companies that support the needs of the Oil & Gas value chain, both domestically and regionally.
In view of the favourable market conditions, MOGSEC was launched in 2012 by the country’s premier trade association The Malaysian Oil & Gas Services Council (MOGSC). MOGSC’s agenda was to use MOGSEC as a platform to help elevate Malaysia into the region’s Oil & Gas hub. Showcasing locally based technology and services, MOGSEC has gone from strength to strength, with the 2014 event growing 32% in exhibitors and 40% growth in visitors. MOGSEC 2016 will continue to cement Malaysia’s strategic regional position in the Oil & Gas service sector, and we are confident the show will continue to grow and prosper in line with Malaysia’s increasing relevance.