SME GROW

FY2014
 PREFACE
The MPRC100 published earlier in the year highlighted the top-100 largest
Oil & Gas Services and Equipment (OGSE) companies in Malaysia by
revenue. Recognising that a significant number of OGSE companies are
Small and Medium-sized Enterprises (SMEs), we have decided to study
this segment further in SME GROW, as a follow-up analysis to MPRC100.

SME GROW lists active OGSE SMEs with the potential to grow from the
SME segment into Mid-tier companies. SME GROW’s first key difference
with MPRC100 lies in the filtering process we applied to identify a number
of companies with high potential. This number may change from year
to year depending on the performance of the OGSE SMEs. Secondly,
our ranking for SME GROW companies take into account both revenue
growth and profitability.

However, there are sections similar to MPRC100. Within this publication

you will find a mapping of SME GROW companies’ operating segments
in the upstream oil and gas value chain, as well as other supporting
industry analyses.

We aim for SME GROW to be a point of reference for government agencies

that are actively involved in the development of SMEs in Malaysia (e.g.
SME Corp, which identifies potential companies for SME development
programmes, MATRADE to promote capable SMEs overseas, and MIDA,
which supports the development of SMEs through incentives).

Additionally, multinational companies (MNCs) seeking to expand

outsourcing activities in Malaysia, as well as other Malaysian companies
looking to invest in SMEs with growth potential can also benefit from
this document.

ABOUT MPRC
Malaysia Petroleum Resources Corporation (MPRC), an agency under
the Prime Minister’s Department was established in 2011. The agency is
responsible for growing Malaysian OGSE firms and leveraging on Malaysia’s
strategic geographical location to enhance its position as the preferred
hub for OGSE activities in the region. As the OGSE development agency,
MPRC helps to promote, catalyse and globalise the country’s OGSE
capabilities in the upstream, midstream and downstream segments.

REPORT PREPARED BY:

Syed Azlan Syed Ibrahim
Norman Matthieu Vanhaecke
Adlina Mohd Adnan

EDITORIAL COMMITTEE:
Datuk Shahrol Halmi
Ir Dr Shahreen Madros
 PREFACE • ABOUT MPRC

OUR VISION AND STRATEGIC THRUSTS

Investment
& Finance

We support the development We support the OGSE industry’s growth by

of quality talents and technology providing market intelligence to support a
for the Oil & Gas industry. competitive market environment.
SME GROW FY2014

FOREWORD
Oil and gas has been the backbone of Malaysia’s economic These firms—165
growth in the last few decades. Even as oil prices remain
low today, oil & gas continues to be a strategic industry companies that make up SME
for the nation contributing 11.3% of national GDP in 2015.
GROW—could potentially play
Supporting and developing SMEs is therefore key towards
Malaysia’s economic fortunes. SMEs currently account for
an important part towards
a significant 82% share of Malaysia's OGSE sector. But creating a stronger OGSE
with the oil market at a “new normal”, there are important
implications for players along the oil & gas value chain.
ecosystem to elevate Malaysia
OGSE SMEs need to be able to cope with cost pressures, into an OGSE hub in Asia Pacific
rising competition and declining domestic jobs.

In an increasingly competitive OGSE environment, identifying long-term solutions

for the sustainable growth of SMEs is critical. Towards that end, we are launching
our inaugural SME GROW FY2014—an annual sister publication to MPRC100—to
identify SMEs with high growth potential within Malaysia's OGSE landscape. These
firms—165 companies that make up SME GROW—could potentially play an important
part towards creating a stronger OGSE ecosystem to elevate Malaysia into an
OGSE hub in Asia Pacific. To the other OGSE SMEs, we hope this list inspires you
to scale up, develop your technological capabilities and invest in people to better
compete not only domestically, but in international markets as well.

At MPRC, we have a host of in-house publications to aid OGSE SMEs in your

growth journey: for technology research information, refer to Malaysia Oil and
Gas R&D Catalogue and Financing Schemes for OGSE Companies for information
on financing programmes and incentives. In Doing Business in Southeast Asia,
SMEs can glean insights on the various business opportunities Southeast Asia has
to offer. With this, we hope OGSE SMEs can ascend to the leagues of MPRC100
companies in the future.

We believe that SME GROW serves as a useful tool in developing SME competitiveness
and generating greater dynamism in Malaysia’s OGSE sector. More importantly, we
hope this publication sparks cross-agency collaboration that will benefit all OGSE
SMEs in the long term.

DATUK SHAHROL HALMI

President / Chief Executive Officer
Malaysia Petroleum Resources Corporation

2
 FOREWORD | LANDSCAPE & APPROACH

LANDSCAPE & APPROACH

Our study on SME GROW is based primarily on active PETRONAS-licensed
companies as at August 2015. We focused on companies whose primary business
is related to the OGSE sector. Companies are assessed based on their consolidated
financial results for financial year (FY) 2014 sourced from Companies Commission
of Malaysia (SSM) Corporate and Business Information Data (CBID) database.

OGSE SMEs were then identified based on SME Corporation Malaysia’s (SME Corp)
definition for manufacturing and services SMEs1. Of the 1,805 active Malaysian
OGSE companies, a total of 1,482 were identified as SMEs. These OGSE SMEs were
then grouped according to SME Corp’s Medium, Small and Micro classifications2.

We focused on medium-sized SMEs as they are the main growth drivers of the
industry and have the potential to progress into Mid-tier companies. Pursuant to
this, further criteria were applied to identify high performing companies:
• Exclusion of pure agents
• Companies with positive 3-year revenue compounded annual growth rate (CAGR)
from FY2011 to FY2014
• Companies with positive 3-year average PBT margin from FY2011 to FY2014

The companies are then ranked by their respective 3-year revenue CAGR and 3-year
average PBT margin. Combining these two categories yielded our final ranking of
the 165 companies that make up SME GROW for FY2014.

LARGE:

MID-TIER:
23
300
SME
GROW
• Exclude pure
agents
SME: MEDIUM: • Positive 3-year
COMPANIES
1482 637
165
revenue CAGR

COMPANIES COMPANIES • Positive 3-year

average PBT
margin
SMALL:
599
Active Malaysian
OGSE (FY2014) MICRO:
246
Figure 1

Definition
1
Large: Sales turnover > RM500mil
Mid-tier: Sales turnover > RM20mil and ≤ RM500mil
SMEs: Sales turnover ≤ RM50mil (Manufacturing) OR Sales turnover ≤ RM20mil (Services & Other sectors)
2
Medium: Sales turnover RM15mil and ≤ RM50mil (Manufacturing) OR Sales turnover RM3mil and ≤ RM20mil (Services & Other sectors)
Small: Sales turnover RM300k and < RM15mil (Manufacturing) OR Sales turnover RM300k and < RM3mil (Services & Other sectors)
Micro: Sales turnover < RM300k (Manufacturing, Services & Other sectors)

3
 SME GROW FY2014

SME GROW

Production / Upstream Consultancy

Offshore Support Vessel Contractor

RANKINGS &

Project Management Consultancy

Resevoir Management Services

Pipeline Installation Contractor

Minor Platform Fabricator
Major Platform Fabricator
Geophysical Consultancy
Engineering Consultancy
CATEGORIES

Offshore Constructions
Onshore Tank Facilities
Geological / Reservoir

Operator / Contractor
Onshore Construction
Geophysical Services

FSO / FPSO Owner /

Field Development /

Geomatics Services

QA / QC Services
HSE Consultancy

Building Design

Subsea
3-Year 3-Year
Rank A
Final Revenue Rank PBT Margin Rank
Company Name +
Rank CAGR A Average B
Rank B
(%) (%) EXPLORATION DEVELOPMENT

1 WINNER INSPECTION SDN. BHD. 145.86 10 32.87 2 12

2 OILGON SOLUTION SDN. BHD. 142.91 11 18.14 10 21

3 IN-SITU PETRO SERVICES SDN. BHD. 249.82 1 12.38 22 23

4 IKLIMEGA SDN. BHD. 181.31 4 13.36 20 24

5 PETRO FLANGES AND FITTINGS SDN. BHD 175.62 5 12.22 23 28

6 SATUMARIN SDN. BHD. 167.28 7 12.09 25 32

INNATECH WASTE MANAGEMENT (LABUAN)

7 246.58 2 10.60 32 34
SDN. BHD.

7 SINBERY CORPORATION SDN. BHD. 63.63 33 53.18 1 34

9 PERFECT EMERALD SDN. BHD. 66.45 31 15.75 14 45

10 SA FOURTHTRADE SDN. BHD. 97.15 20 11.62 28 48

11 TIGER OILFIELD SERVICES (M) SDN. BHD. 61.07 35 13.09 21 56

12 MORE HORIZON SDN. BHD. 80.22 25 10.38 35 60

13 DAYA BUMIMAJU SDN. BHD. 57.70 36 11.80 27 63

13 2H OFFSHORE ENGINEERING SDN. BHD. 36.99 57 25.20 6 63

15 NADI MARINE SDN. BHD. 91.47 23 8.24 43 66

16 DOMINANT ENERGY SDN. BHD. 125.31 14 6.08 54 68

17 TR ENGINEERING AND TRADING SDN. BHD. 39.02 53 13.66 18 71

ENERGY WORKFORCE ENGINEERING (M)

18 95.01 22 6.45 50 72
SDN. BHD.

18 VOSS ENGINEERING SDN. BHD. 61.54 34 9.50 38 72

20 REVMAX ENGINEERING SDN. BHD. 102.55 18 6.03 55 73

21 ZHR GLOBAL SDN. BHD. 103.26 17 5.28 58 75

BRAEMAR TECHNICAL SERVICES

22 26.01 72 31.73 4 76
(OFFSHORE) SDN. BHD.

23 DYNA SEGMEN SDN. BHD. 108.57 16 5.04 62 78

24 PETROLEC RESOURCES SDN. BHD. 175.04 6 3.93 75 81

STORK TECHNICAL SERVICES MALAYSIA

24 27.32 68 16.17 13 81
SDN. BHD.

26 SEQU OFFSHORE SAFETY SDN. BHD. 23.27 78 23.02 7 85

27 GEOPREMIUM SDN. BHD. 165.74 8 3.71 78 86

28 GRAHATECHS RESOURCES SDN. BHD. 43.92 47 8.68 42 89

28 SIGMA SETIA SDN. BHD. 35.78 59 10.90 30 89

30 PETRO PRECISION SDN. BHD. 118.05 15 3.85 77 92

30 RB PLANT SERVICES SDN. BHD. 54.39 40 6.15 52 92

32 PRORED ENERGY RESOURCES SDN. BHD. 151.59 9 3.25 85 94

33 PEGASUS ASIA PACIFIC SDN. BHD. 26.21 71 12.19 24 95

34 NUSANTARA TEST SERVICES SDN. BHD. 17.37 96 32.65 3 99

35 JINORA CORPORATION SDN. BHD. 101.73 19 3.42 81 100

35 SIRAGA MALAYSIA SDN. BHD. 69.01 30 4.34 70 100

37 EET ENGINEERING SERVICES SDN. BHD. 17.13 97 28.93 5 102

38 DATA INTELEK SDN. BHD. 48.25 44 5.17 59 103

38 DATUMI SDN. BHD. 28.17 67 10.21 36 103

FUGRO GLOBAL ENVIRONMENTAL & OCEAN

40 34.77 60 8.22 44 104
SCIENCES SDN. BHD.

40 PROEIGHT SDN. BHD. 19.53 87 13.66 17 104

42 ASIA LAB (M) SDN. BHD. 18.60 91 14.34 15 106

43 SIEGER ENGINEERING SDN. BHD. 76.20 26 3.18 86 112

43 PETROKAPAL SDN. BHD. 55.95 39 4.14 73 112

43 KEJURUTERAAN ESCON SDN. BHD. 15.17 104 20.76 8 112

4
 Drilling Rigs

Drilling Services

Well Services / Well Completions

Lab Services

Maintenance - Piping & Valve / Structural

Group
Maintenance - E & I

Agent
Maintenance - Mechanical (Rotating)

Maintenance - Mechanical (Static)

Maintenance - Pipeline

Maintenance - Safety Equipment

Services Modus Operandi

Minor Fabrication & Repair

Rig Operator, Vessel Operator

Underwater Services

Asset Integrity Services

PRODUCTION

Health, Safety, Environment

(HSE) & Security

Manpower Services

Environmental Clean-Up / Waste Disposal

Self-Operated, Rig Owner-Operator, Vessel Owner-Operator

Marine Vessel Services

Helicopter / Air Transportation Services

Land Transportation Services

Warehousing & Storage Services

Cargo Tankers

Dealer, Buying Arm

Decommissioning Contractor
DECOM

Manufacturer, Fabricator
Products Modus Operandi
Chemicals Supply and Services

Subsea

Drilling Equipment

Electrical

HVAC

ICT

Assembler, Chemical Blender, Packager, System Integrator

Instrumentation

Insulation

Marine System

Mechanical

Pipelines
PRODUCTS

Riser

Rotating Equipments

Safety System

Structural

Transportations

Valves

5
SME GROW RANKINGS & CATEGORIES

Warehouse Equipment

Waste Handling

Workshop Tools

(more on next page)

 SME GROW FY2014

SME GROW

Production / Upstream Consultancy

Offshore Support Vessel Contractor

RANKINGS &

Project Management Consultancy

Resevoir Management Services

Pipeline Installation Contractor

Minor Platform Fabricator
Major Platform Fabricator
Geophysical Consultancy
Engineering Consultancy
CATEGORIES (cont'd)

Offshore Constructions
Onshore Tank Facilities
Geological / Reservoir

Operator / Contractor
Onshore Construction
Geophysical Services

FSO / FPSO Owner /

Field Development /

Geomatics Services

QA / QC Services
HSE Consultancy

Building Design

Subsea
3-Year 3-Year
Rank A
Final Revenue Rank PBT Margin Rank
Company Name +
Rank CAGR A Average B
Rank B
(%) (%) EXPLORATION DEVELOPMENT

POWER BOOSTER ENGINEERING &

46 52.21 41 4.21 72 113
MAINTENANCE SDN. BHD.

47 INNOPEAK (M) SDN. BHD. 71.79 29 3.07 88 117

47 PERMAI PRESTIJ SDN. BHD. 32.99 64 6.12 53 117

49 ARMADA TPCE SDN. BHD. 27.05 69 6.65 49 118

BUMITECH INSPECTION & SERVICES SDN.

50 37.46 56 4.72 65 121
BHD.

51 SEA HORSE SERVICES SDN. BHD. 34.62 61 4.94 63 124

52 NUSANTARA TECHNOLOGIES SDN. BHD. 13.21 114 17.29 12 126

CORROSION INSPECTION & INTEGRITY

53 87.03 24 2.23 103 127
SERVICES SDN. BHD.

54 REACH INTEGRATED SDN. BHD. 56.73 38 2.98 90 128

55 UNSUR HEBAT SDN. BHD. 128.22 12 1.48 119 131

56 BICARA SEPAKAT SDN. BHD. 127.08 13 1.46 121 134

SYARIKAT TRANS ISMOR ENGINEERING

57 25.66 73 4.77 64 137
SDN. BHD.

58 YASMIN ENGINEERING (M) SDN. BHD. 14.58 110 10.55 33 143

59 DINARVENTURES SDN. BHD. 74.80 27 1.47 120 147

ORBIT ENGINEERING & MAINTENANCE

60 48.28 43 2.06 106 149
SERVICES SDN. BHD.
TOPAZ INTEGRATED TECHNOLOGY SDN.
60 26.51 70 3.60 79 149
BHD.

60 ATLAS MERGER SDN. BHD. 19.24 88 5.13 61 149

60 PETRO-EXCEL SDN. BHD. 11.36 123 11.93 26 149

64 MAGNA-MITRE SDN. BHD. 5.94 142 18.97 9 151

65 INTO SOLUTIONS SDN. BHD. 37.89 55 2.72 97 152

65 SAFE-LINE SOLUTION SDN. BHD. 7.90 133 13.49 19 152

67 REGALPAC SDN. BHD. 6.69 139 14.02 16 155

68 SENSE SERVICES SDN. BHD. 18.74 90 4.69 66 156

68 INNOVATIVE OILFIELD SERVICES SDN. BHD. 11.75 122 10.46 34 156

70 BUDIMAN INSPECTION SDN. BHD. 96.28 21 1.04 136 157

70 VISION ONE SDN. BHD. 45.71 46 1.75 111 157

70 JURUKUR SETIA SDN. BHD. 14.51 112 7.46 45 157

73 INVERSYS CORPORATION SDN. BHD. 25.10 76 3.42 82 158

74 PRO-QASEH TECHNIQUE SDN. BHD. 72.06 28 1.17 132 160

75 TITANIA ONE SDN. BHD. 57.24 37 1.39 124 161

76 ZIELMARK SDN. BHD. 199.18 3 0.37 159 162

77 ENERGY QUEST SDN. BHD. 15.12 105 5.14 60 165

77 EXPET CONTROLS SDN. BHD. 12.47 119 7.07 46 165

77 AIROCEANIC EXPRESS SDN. BHD. 9.32 128 9.69 37 165

80 GLOBAL TEAMS RESOURCES SDN. BHD. 39.39 52 1.59 115 167

INTEGRATED PROCESS SOLUTIONS SDN.

80 33.62 62 2.09 105 167
BHD.
KEMUNCAK ENGINEERING SUPPLIES SDN.
82 15.83 101 4.56 68 169
BHD.

83 MERANG ENGINEERING SDN. BHD. 25.54 75 2.78 95 170

83 ANTAMAHIR SDN. BHD. 6.00 141 11.52 29 170

85 MAYSVILLE SDN. BHD. 22.04 84 3.12 87 171

85 SVTT RESOURCES SDN. BHD. 12.17 120 6.30 51 171

87 ATZ CONSULT SDN. BHD. 1.60 161 17.99 11 172

87 ACME CHEMICALS (M) SDN. BHD. 13.13 115 5.38 57 172

89 PETROSEAL ENGINEERING SDN. BHD. 42.31 48 1.31 126 174

89 ERAQUIP SDN. BHD. 40.73 51 1.41 123 174

(continued from previous page)

6
 Drilling Rigs

Drilling Services

Well Services / Well Completions

Lab Services

Maintenance - Piping & Valve / Structural

Group
Maintenance - E & I

Agent
Maintenance - Mechanical (Rotating)

Maintenance - Mechanical (Static)

Maintenance - Pipeline

Maintenance - Safety Equipment

Services Modus Operandi

Minor Fabrication & Repair

Rig Operator, Vessel Operator

Underwater Services

Asset Integrity Services

PRODUCTION

Health, Safety, Environment

(HSE) & Security

Manpower Services

Environmental Clean-Up / Waste Disposal

Self-Operated, Rig Owner-Operator, Vessel Owner-Operator

Marine Vessel Services

Helicopter / Air Transportation Services

Land Transportation Services

Warehousing & Storage Services

Cargo Tankers

Dealer, Buying Arm

Decommissioning Contractor
DECOM

Manufacturer, Fabricator
Products Modus Operandi
Chemicals Supply and Services

Subsea

Drilling Equipment

Electrical

HVAC

ICT

Assembler, Chemical Blender, Packager, System Integrator

Instrumentation

Insulation

Marine System

Mechanical

Pipelines
PRODUCTS

Riser

Rotating Equipments

Safety System

Structural

Transportations

Valves

Warehouse Equipment

7
SME GROW RANKINGS & CATEGORIES

Waste Handling

Workshop Tools

(more on next page)

 SME GROW FY2014

SME GROW

Production / Upstream Consultancy

Offshore Support Vessel Contractor

RANKINGS &

Project Management Consultancy

Resevoir Management Services

Pipeline Installation Contractor

Minor Platform Fabricator
Major Platform Fabricator
Geophysical Consultancy
Engineering Consultancy
CATEGORIES (cont'd)

Offshore Constructions
Onshore Tank Facilities
Geological / Reservoir

Operator / Contractor
Onshore Construction
Geophysical Services

FSO / FPSO Owner /

Field Development /

Geomatics Services

QA / QC Services
HSE Consultancy

Building Design

Subsea
3-Year 3-Year
Rank A
Final Revenue Rank PBT Margin Rank
Company Name +
Rank CAGR A Average B
Rank B
(%) (%) EXPLORATION DEVELOPMENT

91 BAYTECH RESOURCES SDN. BHD. 16.55 99 3.92 76 175

92 ALFA-MELI OILFIELD SERVICES SDN. BHD. 22.05 83 2.80 93 176

93 EV OILFIELD SUPPLY & SERVICES SDN. BHD. 22.41 82 2.75 96 178

94 INFO-TRAX SDN. BHD. 28.76 66 1.73 113 179

URBAN ENVIRONMENTAL INDUSTRIES
95 4.78 149 10.83 31 180
SDN. BHD.
NUFA ENGINEERING & CONSULTANCY SDN.
96 31.32 65 1.56 116 181
BHD.
96 SAYBOLT (M) SDN. BHD. 14.88 107 4.07 74 181

98 ENERGY INTELLIGENT SDN. BHD. 25.59 74 2.01 108 182

99 ENVITHRIVE SDN. BHD. 64.88 32 0.57 151 183

100 ESTEEM ENERGY ENGINEERING SDN. BHD. 12.90 118 4.43 69 187

101 TEGAS KOMBINASI TEKNOLOGI SDN. BHD. 4.87 148 9.28 40 188

101 NADI CONSULT ERA SDN. BHD. 6.15 140 6.75 48 188

103 RELIACRAFT ENGINEERING SDN. BHD. 4.27 151 9.30 39 190

104 RMSSB ENGINEERING & SERVICES SDN. BHD. 46.89 45 0.74 147 192

104 VEST DISTINCTION (M) SDN. BHD. 14.80 108 3.28 84 192

106 PASCA BINA SDN. BHD. 41.38 49 0.83 144 193

106 PREMIER REGIONAL POWER (M) SDN. BHD. 19.60 86 2.03 107 193

108 JAKAR MACHINERY SDN. BHD. 20.45 85 1.86 109 194

108 SIRIM STANDARDS TECHNOLOGY SDN. BHD. 3.99 153 9.23 41 194

110 AMTECH CHEMICAL SDN. BHD. 22.88 79 1.51 117 196

111 VALORAZ SDN. BHD. 12.95 117 3.55 80 197

112 MORECAP SDN. BHD. 51.88 42 0.33 160 202

112 NUR FAJAR GEMILANG SDN. BHD. 16.62 98 2.22 104 202

114 ALIF DIAMOND (M) SDN. BHD. 14.53 111 2.80 94 205

115 DESA 7 RESOURCES (M) SDN. BHD. 38.38 54 0.53 153 207

115 NEW SIGN LOGISTICS (M) SDN. BHD. 7.24 136 4.21 71 207

117 HADID ENGINEERING (M) SDN. BHD. 22.53 81 1.24 128 209

118 LATENT GLOBAL (M) SDN. BHD. 24.84 77 1.15 133 210

118 PETROTECH GLOBAL SDN. BHD. 3.87 154 6.03 56 210

120 BROADGATE ENGINEERING (M) SDN. BHD. 41.01 50 0.19 162 212

120 SYARIKAT SETIA TANJONG SDN. BHD. 5.20 145 4.68 67 212

120 ASAS GRUPPEN SDN. BHD. 0.29 165 6.80 47 212

123 TEROKA JAYA SDN. BHD. 35.90 58 0.48 155 213

124 IPEC ENGINEERING (M) SDN. BHD. 33.00 63 0.52 154 217

125 GEOINFO SERVICES SDN. BHD. 10.68 126 2.48 99 225

SALUTARY AVENUE MANUFACTURING
126 7.38 134 2.90 92 226
SERVICES SDN. BHD.
127 ANR SDN. BHD. 8.77 130 241 100 230

128 ADVANCE ENERGY SDN. BHD. 17.87 92 1.01 139 231

129 SHIPS CLASSIFICATION (M) SDN. BHD. 5.58 144 2.96 91 235

130 TENAGA-TECH (M) SDN. BHD. 15.08 106 1.19 130 236
CONSTRUCTION & INDUSTRIAL SAFETY
130 4.90 147 3.04 89 236
TRAINING CENTRE SDN. BHD.
132 DYNACORAL OIL & GAS SDN. BHD. 19.05 89 0.71 148 237

133 OIL & GAS MANAGEMENT (M) SDN. BHD. 22.66 80 0.37 158 238

134 M.A. AZIZAN HOLDING (M) SDN. BHD. 15.22 103 1.03 138 241

134 JORD MALAYSIA SDN. BHD. 8.61 131 1.78 110 241

136 INTEGRATED WELL SERVICES SDN. BHD. 1.77 160 3.38 83 243
STAR TECHNOLOGY INDUSTRIAL
137 15.79 102 0.90 142 244
CORPORATION SDN. BHD.
137 MAJU SENJA SDN. BHD. 14.23 113 1.19 131 244

137 CR ASIA (M) SDN. BHD. 5.13 146 2.69 98 244

140 ASIA-JUTA RESOURCES SDN. BHD. 17.73 93 0.55 152 245

(continued from previous page)

8
 Drilling Rigs

Drilling Services

Well Services / Well Completions

Lab Services

Maintenance - Piping & Valve / Structural

Group
Maintenance - E & I

Agent
Maintenance - Mechanical (Rotating)

Maintenance - Mechanical (Static)

Maintenance - Pipeline

Maintenance - Safety Equipment

Services Modus Operandi

Minor Fabrication & Repair

Rig Operator, Vessel Operator

Underwater Services

Asset Integrity Services

PRODUCTION

Health, Safety, Environment

(HSE) & Security

Manpower Services

Environmental Clean-Up / Waste Disposal

Self-Operated, Rig Owner-Operator, Vessel Owner-Operator

Marine Vessel Services

Helicopter / Air Transportation Services

Land Transportation Services

Warehousing & Storage Services

Cargo Tankers

Dealer, Buying Arm

Decommissioning Contractor
DECOM

Manufacturer, Fabricator
Products Modus Operandi
Chemicals Supply and Services

Subsea

Drilling Equipment

Electrical

HVAC

ICT

Assembler, Chemical Blender, Packager, System Integrator

Instrumentation

Insulation

Marine System

Mechanical

Pipelines
PRODUCTS

Riser

Rotating Equipments

Safety System

Structural

Transportations

Valves

9
SME GROW RANKINGS & CATEGORIES

Warehouse Equipment

Waste Handling

Workshop Tools

(more on next page)

 SME GROW FY2014

SME GROW

Production / Upstream Consultancy

Offshore Support Vessel Contractor

RANKINGS &

Project Management Consultancy

Resevoir Management Services

Pipeline Installation Contractor

Minor Platform Fabricator
Major Platform Fabricator
Geophysical Consultancy
Engineering Consultancy
CATEGORIES (cont'd)

Offshore Constructions
Onshore Tank Facilities
Geological / Reservoir

Operator / Contractor
Onshore Construction
Geophysical Services

FSO / FPSO Owner /

Field Development /

Geomatics Services

QA / QC Services
HSE Consultancy

Building Design

Subsea
3-Year 3-Year
Rank A
Final Revenue Rank PBT Margin Rank
Company Name +
Rank CAGR A Average B
Rank B
(%) (%) EXPLORATION DEVELOPMENT

141 TESTEX (M) SDN. BHD. 16.19 100 0.78 146 246

142 STAR KRIS SERVICES SDN. BHD. 13.00 116 1.05 135 251

143 RHS TECH CORPORATION SDN. BHD. 14.72 109 0.87 143 252

144 EXTECHPRO (M) SDN. BHD. 10.96 125 1.21 129 254

145 SEJAPAC SDN. BHD. 12.16 121 1.10 134 255

146 PME CONSTRUCTION & SERVICES SDN. BHD. 17.67 94 0.09 165 259

146 EUREKA EFEKTIF SDN. BHD. 17.44 95 0.12 164 259

146 QUARTERBACK SERVICES SDN. BHD. 3.50 157 2.36 102 259

149 VIEWMAN ENGINEERING SDN. BHD. 6.70 138 1.46 122 260

150 MAA BERKAT ENTERPRISE SDN. BHD. 11.17 124 0.97 140 264

150 RIA SOLUTIONS (M) SDN. BHD. 4.27 152 1.75 112 264

152 INFO-MATIC POWER SDN. BHD. 0.42 164 2.40 101 265

153 CAIDMARK SDN. BHD. 4.46 150 1.36 125 275

154 EASTERN GLOBAL SYSTEMS (M) SDN. BHD. 7.25 135 0.96 141 276

154 AMS ENGINEERING SDN. BHD. 1.25 162 1.73 114 276

156 CQ INSPEC SDN. BHD. 2.02 159 1.49 118 277

157 A.F. CONDITION MONITORING (M) SDN. BHD. 8.81 129 0.58 150 279

158 INTRA HARTA CONSULTANTS SDN. BHD. 5.63 143 1.04 137 280

159 LJ INSPECTION AND SERVICES SDN. BHD. 3.80 155 1.29 127 282

160 OFFSHORE DIGITAL SERVICES SDN. BHD. 7.96 132 0.37 157 289

161 SCRAP COMPUTER TRADING SDN. BHD. 10.52 127 0.13 163 290

162 NORTH BLAZE (M) SDN. BHD. 6.72 137 0.45 156 293

163 MNB ENGINEERING SDN. BHD. 2.04 158 0.82 145 303

164 LIAZ SERVICES SDN. BHD. 0.98 163 0.63 149 312

165 AST LOGISTICS SDN. BHD. 3.79 156 0.30 161 317

(continued from previous page)

10
 Drilling Rigs

Drilling Services

Well Services / Well Completions

Lab Services

Maintenance - Piping & Valve / Structural

Group
Maintenance - E & I

Agent
Maintenance - Mechanical (Rotating)

Maintenance - Mechanical (Static)

Maintenance - Pipeline

Maintenance - Safety Equipment

Services Modus Operandi

Minor Fabrication & Repair

Rig Operator, Vessel Operator

Underwater Services

Asset Integrity Services

PRODUCTION

Health, Safety, Environment

(HSE) & Security

Manpower Services

Environmental Clean-Up / Waste Disposal

Self-Operated, Rig Owner-Operator, Vessel Owner-Operator

Marine Vessel Services

Helicopter / Air Transportation Services

Land Transportation Services

Warehousing & Storage Services

Cargo Tankers

Dealer, Buying Arm

Decommissioning Contractor
DECOM

Manufacturer, Fabricator
Products Modus Operandi
Chemicals Supply and Services

Subsea

Drilling Equipment

Electrical

HVAC

ICT

Assembler, Chemical Blender, Packager, System Integrator

Instrumentation

Insulation

Marine System

Mechanical

Pipelines
PRODUCTS

Riser

Rotating Equipments

Safety System

Structural

Transportations

Valves

11
SME GROW RANKINGS & CATEGORIES

Warehouse Equipment

Waste Handling

Workshop Tools
SME GROW FY2014

WHERE DO SME GROW

COMPANIES PLAY
To provide readers with a better understanding of the upstream oil and gas services supply
chain, we illustrate the segments where the SME GROW companies operate in. Broadly, the
upstream oil & gas services supply chain can be categorised into Exploration, Development,
Production and Decommissioning segments, corresponding with the various phases along the
life-cycle of a project. The Development phase typically lasts up to 1-4 years while the duration
for Production phase is much longer, over a 15- to 20-year period, depending on the size and
nature of the projects.

Based on PETRONAS Standardised Work & Equipment Categories (SWEC), these segments can
be further divided into 45 service and 24 product major SWEC. We have mapped the SME GROW
companies according to their corresponding operating segment as illustrated in Figure 2.

From the diagram below, SME GROW companies operate mainly in segments with less
complexity and competency requirements. In the Development phase, SME GROW
companies are concentrated within the QA/QC services, minor platform fabrication
and onshore construction segments. In the Production phase, maintenance of electrical
& instrumentation (E & I), asset integrity and manpower services segments saw the highest number
of players. In the Product segment, most companies are suppliers of mechanical and safety systems.

SME GROW SWEC CATEGORIES

60

50

40
number of companies

30

20

10

0
EXPLORATION DEVELOPMENT PRODUCTION
Geological / Reservoir

Geophysical Services

Field Development / Resevoir

Management Services

Project Management Consultancy

Engineering Consultancy

HSE Consultancy

Geophysical Consultancy

Production / Upstream Consultancy

Geomatics Services

QA / QC Services

Building Design

Major Platform Fabricator

Minor Platform Fabricator

Onshore Construction

Onshore Tank Facilities

Offshore Constructions

Offshore Support Vessel Contractor

Pipeline Installation Contractor

FSO / FPSO Owner /

Operator / Contractor

Subsea

Drilling Rigs

Drilling Services

Well Services / Well Completions

Lab Services

Maintenance - Piping &

Valve / Structural

Maintenance - E & I

Maintenance - Mechanical (Rotating)

Maintenance - Mechanical (Static)

Maintenance - Pipeline

Maintenance - Safety Equipment

Minor Fabrication & Repair

Figure 2

12
 WHERE DO SME GROW COMPANIES PLAY

The degree of value-added activities of these companies is reflected based on the logical grouping
of their respective mode of operations, shown in the table below:

Group Services Modus Operandi Products Modus Operandi

Self-Operated, Rig Owner-Operator,

1 Vessel Owner-Operator
Manufacturer, Fabricator

Assembler, Chemical Blender, Packager,

2 Rig Operator, Vessel Operator
System Integrator

3 Agent Dealer, Buying Arm

The Services segment saw SME GROW companies operating mainly in Group 1 mode of operation.
This is in contrast with the Product segment where SME GROW companies are predominantly
in Group 3. This is similar to our observation in MPRC100.

DECOM PRODUCTS
Underwater Services

Asset Integrity Services

Health, Safety, Environment

(HSE) & Security

Manpower Services

Environmental Clean-Up /
Waste Disposal

Marine Vessel Services

Helicopter /
Air Transportation Services

Land Transportation Services

Warehousing & Storage Services

Cargo Tankers

Decommissioning Contractor

Chemicals Supply and Services

Subsea

Drilling Equipment

Electrical

HVAC

ICT

Instrumentation

Insulation

Marine System

Mechanical

Pipelines

Riser

Rotating Equipments

Safety System

Structural

Transportations

Valves

Warehouse Equipment

Waste Handling

Workshop Tools

13
SME GROW FY2014

2014: MALAYSIA’S OGSE

SME SECTOR – IN REVIEW
Historically, OGSE SMEs experienced two distinct phases between 2005 and 2014. During Phase Historically,
1 (2005 to 2009), total revenue for SMEs grew by CAGR of 10.2%, before experiencing a decline
SME GROW
of 0.7% in Phase 2 (2009 to 2014). This in our opinion should be a subject for further analysis.
companies are
SME GROW displayed the same trend during Phase 1 but at a higher growth rate of 12.9%.
Phase 2 however, saw SME GROW companies bucking the trend and instead grew by 18.7%. This
more resilient
highlights SME GROW companies’ resilience compared to other OGSE SMEs. compared to
other OGSE SMEs

OGSE SMEs REVENUE

9

-0.7%

+10.2%
6

5
RM billion

1
+18.7%

+12.9%

0
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

SME GROW Total SME (excl. SME GROW)

Figure 3

14
 2014: MALAYSIA’S OGSE SME SECTOR – IN REVIEW

ADDITIONAL ANALYSIS:
COMPARISON OF
NORWEGIAN OFS AND
MALAYSIAN OGSE INDUSTRY
The objective of this section is to compare Malaysia’s OGSE landscape against Norway’s Oil Field Within
Services (OFS) industry. Developed around the same time as Malaysia, Norway’s OFS companies
Malaysia, there
have grown to become successful global players. Norway thus serves as the ideal benchmark
for our local OGSE industry to aspire to. is a large pool of
Figure 3 below depicts the difference between the landscape of Norwegian OFS1 and Malaysian
OGSE SMEs that
OGSE industries in 2014, in terms of company size. We observed that Malaysia’s OGSE industry can be developed
has a higher proportion of smaller companies compared to Norway’s–Malaysia’s OGSE SMEs make further to create
up 82% of the industry, compared to Norway’s 50%. Norwegian Large and Mid-tier companies
however, form a significantly larger part of their industry at 9% and 41% respectively. In comparison,
more Mid-tier
Malaysia’s Large and Mid-tier companies are only 1% and 17% of the total industry count. companies and
To further the analysis, we have broken down Malaysian OGSE SMEs into three segments; Medium, help rebalance
Small and Micro. Medium SME players make up the largest portion with 637 companies (43%). the OGSE industry
This shows that there is a large pool of SMEs that can be developed further to create more
structure in the
Mid-tier companies.
long run
Of the 637 Medium SMEs, 165 companies were identified in this edition’s SME GROW list. We
believe that these companies, with their positive financials, have the potential for growth and
in the long run, help rebalance the OGSE industry structure in Malaysia.

NORWEGIAN OFS AND MALAYSIAN OGSE INDUSTRIES 2014

100
1% (23)
9% (97)
90
17% (300)
80
SME GROW COMPANIES
70
41% (458) MEDIUM:
165
60
637
Percentage

50

40 82% (1,482)
SMALL:
30

50% (558) 599

20

10 MICRO:

0
246
Norway (1,113 companies) Malaysia (1,805 companies)

SME Mid-tier Large

Figure 4

1
Definition for Norwegian company size
Large: Sales turnover ≥ NOK 1bil (RM488mil)
Mid-tier: Sales turnover NOK 100mil (RM49mil) and < NOK 1bil (RM488mil)
SME: Sales turnover < NOK 100mil (RM49mil)
Note: NOK/MYR: 0.49 as at 29 Aug 2016

15
SME GROW FY2014

CONCLUSION
The current low oil price environment has seen a majority of oil and gas operators cutting
down on project awards and at the same time pushing services and equipment providers for
cost reductions. It is important to note however, that the oil & gas industry has always been
cyclical in nature. Since the 70’s, when Malaysia began to actively develop its oil & gas reserves,
we have seen periods of significant fluctuations in oil prices. Some examples include the “oil
shocks” in the 70’s, the Persian Gulf wars in the 90’s, the subsequent invasion of Iraq in 2003,
as well as the global financial crisis of 2008.

During these oil price fluctuations, we observed companies using the downward cycles
as a critical time to invest, develop new capabilities and technological solutions. These
companies would often emerge stronger and well-positioned to take full advantage of the
next industry upswing.

Therefore, Malaysian OGSE SMEs are encouraged to take this opportunity to consolidate, scale
up and innovate. Collaboration among various government agencies to coordinate efforts and
programmes is key to supporting SMEs to prepare for the upcoming challenges and the next
upward cycle.

We hope to see more high performing OGSE SMEs grow out of the SME category and compete
in the Mid-tier level. Competing at this level will open up access to new markets and presents
a more dynamic business environment. We look forward to seeing these companies growing
even larger and be capable of competing not just domestically, but also internationally.

16
MPRC REGISTRATION
WANT YOUR COMPANY TO
BE FEATURED IN THE NEXT
EDITION OF MALAYSIA
OGSE CATALOGUE?
Follow the simple step-by-step guide below:

STEP ONE STEP TWO STEP THREE

Download the Malaysia OGSE Fill in and complete Send it back to us
Catalogue form and MPRC both forms
* Please send ALL
Industry Data Gathering form the completed forms to:
* Please read the instructions
when completing the forms ogse.industry@mprc.gov.my
* Both forms are downloadable
via MPRC’s official website
at www.mprc.gov.my

The Malaysia Oil & Gas Services and Equipment (OGSE) Catalogue 2016 summarises
the background and project experiences of Malaysian OGSE companies.

Additionally, this catalogue aims to map the capabilities of Malaysian OGSE

companies to complement the 13 major segments of the oil and gas value chain
in a user-friendly matrix. Office addresses, telephone & fax numbers as well as
contact persons and email addresses are provided for each individual company.
The purpose of this catalogue is to promote Malaysian oil and gas capabilities in
international markets. It will also be used as a reference point for international
oil companies, national oil companies, and contractors.

Note:
A company is defined as a Malaysian OGSE company if:

• It is a Malaysian registered legal entity

• A substantial proportion of its revenue is generated from the oil and gas sector

Malaysia Petroleum Resources Corporation reserves the right to determine the suitability of Malaysian OGSE companies
that will be featured in this publication. Malaysia Petroleum Resources Corporation also reserves the right to amend,
modify and/or eliminate any of the Malaysia OGSE company profiles at its sole discretion, with or without prior notice.

17
SME GROW FY2014
SME GROW FY2014
METHODOLOGY
1 2
POPULATION
SAMPLING
Initial list from PETRONAS SWEC
Licensees as of August 2015
• Started with 3,613 companies
• Reduced to 3,579 companies after 34
non-corporate entities were excluded
Total of 468 companies
were eliminated
• Removed companies whose core
business is not OGSE where it falls
within the following categories:
- Products: containers, miscellaneous,
office and automotive; or
- Services: ICT and integrated
operations, general building
maintenance services; or
- Core business activities described
in their website that do not include
O&G related activities
- Excluding category managed items
by PETRONAS
18
DATA
ACQUISITION
Requested SSM to extract the raw
financial information from their
CBID database
• The request was made for FYE2005 –
FYE2014 period
Successfully extracted
for 2,792 companies
• Remaining 319 companies had no
records with SSM
• The request to SSM was made as
of October 2015. If no accounts are
lodged by that date, we can assume
either:
- The company is late in filing
its accounts; or
- The company had a change
in that FYE
Total of 117 companies were affected
3
DATA
PROCESSING
3.1 TRANSLATION
The raw financial information from
SSM’s CBID is translated based on
sum of corresponding parameters
ending in each calendar year
• Revenue, PBT and TFA parameters
were translated accordingly for our
analysis purposes
3.2 SANITISATION
To identify any irregularities of the
raw financial information which may
affect the analysis if not corrected
• The identification is done through
factoring the parameters’ y-o-y change
by 500. Value more than 500 (or less
than 1/500 but greater than zero) could
indicate unit’s data-entry error
• Revenue: 48 companies
• PBT: 31 companies
• TFA: 84 companies

4 5
INTERPRETATION
2,687 companies are ranked
only by their Revenue in 2014
and grouped into MPRC100,
Mid-tier and SME
• Mid-tier: RM20mil – RM500mil
(223 companies)
• SME: - Manufacturer: < RM50mil
- Services: < RM20mil
(1,482 companies)
• 882 companies have no Revenue
recorded for FYE2014
Selected financial information
and ranking information are
made available
• To perform basis analysis on the
size/growth of the O&G related
activities
3.3 CONSOLIDATION
Total of 105 companies were identified
• 87 companies with immediate
shareholders that are already
in our population
• 18 subsidiaries of listed companies
which recorded in their most recent
audited accounts
Final population sample
of 2,687 companies
SME GROW FY2014 METHODOLOGY
6
FILTRATION PUBLICATION
Grouped 1,482 companies into Draft, design and publish
Medium, Small and Micro based SME GROW FY2014 document
on SME Corp definition
• Medium: Sales turnover
RM15mil and ≤ RM50mil
(Manufacturing) OR
Sales turnover RM3mil
and ≤ RM20mil
(Services & Other sectors)
• Small: Sales turnover
RM300k and < RM15mil
(Manufacturing) OR
Sales turnover RM300k
and < RM3mil
(Services & Other sectors)
• Micro: Sales turnover
< RM300k
(Manufacturing, Services
& Other sectors)
And criteria below are applied to
identify SME GROW companies:
• Exclude companies that only have
SWEC Modus Operandi of Agents,
Dealer and Buying Arm
• Positive 3-year Revenue CAGR
• Positive 3-year Average PBT Margin
19
SME GROW FY2014
OTHER MPRC
PUBLICATIONS
ABOUT MPRC100
MPRC100 is a list of top-100 Oil
& Gas Services and Equipment
(OGSE) companies in Malaysia,
ranked based on their revenue. We
conducted our study by obtaining
financial information for OGSE
companies that are registered in
Malaysia on a consolidated basis.
If you need more information on
this publication, please write to
mprc100@mprc.gov.my
ABOUT MALAYSIA
OIL AND GAS R&D
CATALOGUE
The Malaysia Oil and Gas R&D
Catalogue is a compilation of
relevant R&D capabilities to
support innovation and technology
development for the oil & gas
industry.
If you need more information on
this publication, please write to
razwan.zakaria@mprc.gov.my
ABOUT MALAYSIA OGSE
CATALOGUE
The Malaysia Oil & Gas Services
and Equipment Catalogue 2016
summarises the background and
project experiences of Malaysian
OGSE companies. Additionally,
this catalogue aims to map the
capabilities of Malaysian OGSE
companies to complement the
14 major segments of the oil and
gas value chain in a user-friendly
matrix. Office addresses, telephone
numbers, fax numbers as well
as contact persons and email
addresses are provided for each
individual company.
If you need more information on
this publication, please write to
ogse.industry@mprc.gov.my.
20
ABOUT FINANCING
SCHEMES FOR OGSE
COMPANIES
The Financing Schemes for OGSE
Companies is a compilation of
grants, loans and tax incentives
provided by Malaysian government
agencies and Development
Financial Institutions that are
relevant to the Oil & Gas Services
and Equipment (OGSE) sector.
If you need more information on
this publication, please write to
financingschemes@mprc.gov.my
ABOUT DOING
BUSINESS IN
SOUTHEAST ASIA:
GUIDE FOR MALAYSIAN
OGSE COMPANIES
A guide for Malaysian OGSE
Companies, produced in
collaboration with MATRADE,
outlines the oil and gas landscape
and market entry strategies for
Malaysian OGSE companies
interested in expanding their
business to Indonesia, Myanmar,
Vietnam and Thailand. This
publication also features on-the-
ground insights from Malaysian
OGSE players, key contacts, as
well as information on MATRADE’s
export assistance programmes for
Malaysian exporters.
If you need more information on
this publication, please write to
pbo@mprc.gov.my.
GLOSSARY
CAGR Compounded Annual Growth Rate
CIBD Corporate and Business Information Data
E&I Electrical & Instrumentation
FY Financial Year
MATRADE Malaysia External Trade Development Corporation
MIDA Malaysia Investment Development Authority
MNC Multinational Companies
NOK Norwegian Krone
OFS Oilfield Services
OGSE Oil & Gas Services and Equipment
OSV Offshore Support Vessel
PBT Profit Before Tax
R&D Research & Development
RM Ringgit Malaysia
SMEs Small and Medium-sized Enterprises
SME Corp SME Corporation Malaysia
SSM Companies Commission of Malaysia (Suruhanjaya Syarikat Malaysia)
SWEC Standard Work & Equipment Categories

Copyright © 2016 Malaysia Petroleum Resources Corporation

All rights reserved. This publication is copyright protected. No part of this document may be reproduced, stored
in a retrieval system, transmitted in any means (electronic, mechanical, photocopying, recording or otherwise)
without the permission of Malaysia Petroleum Resources Corporation. Text, figures or graphics contained in
this publication, including but not limited to graphs, charts, drawings, tables, photos or maps, save for elements
credited to third parties, may be copied or reproduced provided that the source is acknowledged, the text is
not altered and it is not used, wholly or in part, for commercial gain. Use for commercial gain requires the prior
written permission of Malaysia Petroleum Resources Corporation.

Disclaimer
Whilst every effort has been made to ensure the accuracy of the information contained in this document,
Malaysia Petroleum Resources Corporation accepts no responsibility for any errors it may contain, or for any
loss, financial or otherwise, sustained by any person using this publication. Should there be inaccuracies, please
write to us at sme.grow@mprc.gov.my
 Malaysia Petroleum Resources Corporation tel +603 2858 8555
Suite 20-11, Level 20, fax +603 2858 8599
G Tower, 199 Jalan Tun Razak, web www.mprc.gov.my
50400, Kuala Lumpur, Malaysia. email information@mprc.gov.my

FEEDBACK
We welcome feedback from the industry as well as the public. Please submit your comments/enquiries at sme.grow@mprc.gov.my