SBM Offshore eyes new contracts, shifts focus to Asia

Global offshore infrastructure and services provider SBM Offshore is actively pursuing new contracts to bolster its value and ensure the continuity of its oil and gas business. The company is strategically shifting its operational focus eastward, with Malaysia identified as a crucial hub for accessing local talent and improving its global competitive edge.

Oivind Tangen, General Manager of SBM Offshore, highlighted the growing significance of Asian markets, including Malaysia, India, and China, in the company's expansion strategy. "This move strengthens SBM Offshore's position in Asia, which is critical for our future. Continuous engagement and cross-country collaboration are the pillars of our identity, diversity, and inclusivity to stay ahead of competitors," Tangen stated during the 20th anniversary celebration of SBM Offshore Malaysia.

SBM Offshore Malaysia has proven its capability as a Global Execution Center, successfully delivering major international projects such as the Mero 2 and Mero 4 Floating Production Storage and Offloading (FPSO) units. The local team, comprising approximately 500 employees, has been instrumental in supporting 13 world-class projects, encompassing FPSOs, Turret Mooring Systems, and Catenary Anchor Leg Mooring (CALM) buoys. Their involvement extends to iconic projects like FPSO Kikeh, FPSO Aseng, FPSO N’goma, FPSO Sepetiba, and FPSO Alexandre de Gusmao.

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This move strengthens SBM Offshore's position in Asia, which is critical for our future. Continuous engagement and cross-country collaboration are the pillars of our identity, diversity, and inclusivity to stay ahead of competitors.

Christine Lim, Country Manager of SBM Offshore Malaysia, emphasized the maturity of the Malaysian hub, noting its strong technical depth and close integration with the company's international teams. "Through the symbolic orange line representing innovation and courage, and the blue line symbolizing trust and cooperation, both combine to form a protective arch around the FPSO. This symbolizes how innovation and trust complement each other in strengthening SBM Offshore's long-term commitment to the economic growth and the nation's offshore industry," Lim explained.

To maintain global consistency and high-quality standards, SBM Offshore Malaysia collaborates closely with local partners, suppliers, and industry bodies like the Malaysian Oil, Gas and Energy Services Council (MOGSC). The company's strategic eastward shift underscores its commitment to leveraging regional strengths for sustained growth in the dynamic offshore sector.

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Through the symbolic orange line representing innovation and courage, and the blue line symbolizing trust and cooperation, both combine to form a protective arch around the FPSO. This symbolizes how innovation and trust complement each other in strengthening SBM Offshore's long-term commitment to the economic growth and the nation's offshore industry.