Nelson (seventh right) exchanges the exclusive agreement document with Alasdair.
MIRI: Oceancare Corporation Sdn Bhd (OCSB) aims to be part of Petronas Vendor Development Program (VDP) in the near future.
Its president Datuk Nelson Balang Rining said the company hopes to participate in the RM2.1 billion project from Petronas to be given to oil and gas companies in Sarawak.
“We are positive on the capability of OCSB to deliver and contribute as part of the VDP project whether it is big, medium or small size contract,” he said during the signing ceremony of exclusive agency agreement between OCSB and Cortez Subsea Limited (Cortez) yesterday.
On a related matter, Nelson said OCSB is not only a major player in the oil and gas industry regionally, but is also aiming to be a major player internationally.
“Through the exclusive signing of the agreement, it will be an added-value for OCSB by having the ‘Zap-Lok’ technology from Cortez. Thus, we are confident of its potential to be part of the billion ringgit VDP project,” he added.
‘Zap-Lok’ technology is one of the alternatives to the conventional piping system which has been in practice in the oil and gas industry for more than 40 years since 1973.
The technology is well-known for its good record on cost-reduction, safety and application, and has proven its effectiveness in the petroleum field globally.
Furthermore, Nelson also foresees a huge market potential in the oil and gas industry, particularly in the Asian region.
Meanwhile, Cortez managing director Alasdair Cowie said Malaysia particularly Sarawak is the best location for the ‘Zap-Lok’ technology.
“This is because the technology is designated to be cost-efficient especially in the oil and gas field. It is particularly appropriate especially in this difficult time of global oil and gas industry crisis,” he added.
Cowie also has positive outlook on their other products, which he said will help to develop the local oil and gas industry.
The signing ceremony was also attended by OCSB deputy president Datuk Jonathan Loh, Eastern Hemisphere
NOV Zaplok Technology director Dr Ben Chapman and SEA Zaplok Technology business development manager Mark Wallace.