Suppliers
Malaysia OGSE Vendor Assistance
This section provides an overview of various industry initiatives and assistance to shape Malaysian Oil and Gas Services and Equipment (OGSE) vendors and enhance their competitiveness to grow. We hope to see our vendors become globally competitive and contribute to the country's economic growth, promote a healthy ecosystem and safeguard strategic national interests.
Malaysia OGSE Vendor Assistance
Vendor Development Programme
PETRONAS VDP focuses on nurturing Bumiputera vendors to be resilient and sustainable to achieve the following objectives:
- Technically competent
- Commercially attractive
- Developing home grown technologies
- Fostering growth and going international
- Candidate for KLSE listing - long-term objectives
The custodian of VDP is the Ministry of Entrepreneur Development and Cooperatives (MEDAC), responsible for regulating the programme and defining the eligibility criteria for VDP vendors who meet SME requirements and minimum 51% Bumiputera ownership.
VDP has evolved since its inception in 1993. The programme has been successfully implemented and undergone various phases of learnings, in tandem with different challenges faced by the industry.
Today, PETRONAS VDP has produced world-class Bumiputera companies that are able to compete in global markets, with success stories of international footprints in over 30 countries, listed at Bursa Malaysia, and recognised by international and local agencies.
VDP
VDP focuses on Import Substitution, Critical Growth and Regional Growth.
Nurture OGSE Bumiputera SMEs
PETRONAS VDP programme objective is to create resilient and competitive Bumiputera SMEs to support the Malaysian oil and gas ecosystem.
How to be a part of VDP Programme:
- PETRONAS will invite potential candidates on Competitive Bidding mode for the approved VDP scope.
- Interested vendors may also register via inquiry_vdp@petronas.com.
How does VDP Programme work?
- 01Proposal
- 02Tendering
- 03Appointment
- 04Development
- 05Graduation
1. Proposal
Kindly send your interest to become a PETRONAS VDP Vendor by submitting your proposal. General company and individual information is requested.
2. Tendering
Your proposal will be made accessible to the PETRONAS internal community and selected via competitive bidding.
3. Appointment
Upon being successful, you will be appointed as a PETRONAS VDP Vendor for a certain scope and duration.
4. Development
You will be developed on a certain focus area from an agreed KPI with PETRONAS.
5. Graduation
You will be assessed by PETRONAS based on development milestones and graduated upon achieving all KPI.
VDPx
VDPx is an innovative approach to inject new momentum and scale up SME development in collaboration with main contractors and industry enablers.
Nation Building In Collaboration With Our Oil And Gas Partners
PETRONAS collaborates with its partners to groom more SMEs at a faster rate, enhance industry competitiveness, and elevate local capability building.
How to be a part of VDPx Programme:
- PETRONAS identifies suitable anchors or enablers.
- Anchors appoint and develop VDPx vendors.
- Enablers accelerate growth in their area of expertise.
- Interested companies may contact inquiry_vdpx@petronas.com.
VDPx Programme Journey
- ProposalSubmit a proposal as an anchor or enabler.
- AssessmentProposals are profiled against PETRONAS category strategies.
- AppointmentSuccessful partners are appointed for an agreed scope and duration.
VDP InnoTech
VDP InnoTech is designed to embrace Industrial Revolution 4.0, promote innovation, advance technology and nurture Bumiputera SMEs within the OGSE ecosystem.
Embracing Industrial Revolution 4.0
- Promote innovation and technology advancement among local SMEs.
- Encourage value-added technology adoption across PETRONAS assets and facilities.
- Improve efficiency and promote cost optimisation.
How to be a part of VDP InnoTech
Vendors may participate in the PETRONAS Technology Marketplace or Technology Challenge via Innovation Gateway.
VDP InnoTech Journey
- ParticipateSubmit a technology proposal or join a technology challenge.
- IdentifyPotential vendors are identified for successful innovation solutions.
- AssessThe solution is assessed by the PETRONAS internal community.
- DevelopVendors are developed against an agreed KPI.
For further inquiries on VDP, please email inquiry_vdp@petronas.com
Vendor support
Access To Financing
PETRONAS has developed partnerships with Malaysian financial institutions to facilitate access to financing for its vendors through dedicated OGSE financing programmes.
Vendor Financing Programme
PETRONAS facilitates the programme by providing a verification platform on contracts awarded and contractor performance. By subscribing to this programme, vendors can obtain credit facilities faster and at favourable terms.
Special OGSE Financing Programme
Special financing pathways support eligible OGSE companies with growth, capability building and project delivery requirements.
Please contact the relevant financial institution or PETRONAS vendor support representative for eligibility and application requirements.
Sustainable Vendor Financing Programme
The programme helps vendors strengthen sustainability performance while improving access to financing linked to responsible business practices.
Vendors should prepare their latest sustainability, governance and business performance information before applying.
Malaysia OGSE
Malaysia Tax Incentives Guidebook
In collaboration with the Ministry of Investment, Trade and Industry (MITI) and the Malaysian Investment Development Authority (MIDA), PETRONAS has published a compilation and guide for tax incentives relevant to the OGSE industry.
There are 28 tax incentives identified as relevant to OGSE players. The guide supports financial planning and helps businesses identify suitable incentives for their operations and investments.
Download guidebookOGSE
Malaysia Tax Incentives
Compilation and Guide for Oil and Gas Services and Equipment sector
Guidebook
Governance and growth
Road To Bursa
Road To Bursa is established to support and facilitate local vendors to adopt corporate governance standards that qualify for Bursa listing.
| Stage | Focus | Expected outcome |
|---|---|---|
| Readiness | Assess governance and business fundamentals. | Clear improvement priorities. |
| Capability building | Strengthen finance, reporting and leadership practices. | More resilient business operations. |
| Market preparation | Prepare documentation and listing readiness. | Better access to growth capital. |
People and capability
OGSE Human Capital
Human capital initiatives help the Malaysian OGSE ecosystem close talent gaps, recognise skills mastery and promote lifelong learning within the industry.
Industry Talent Analytics Framework
A strategic framework to estimate and address talent gaps using an integrated view of industry demand and supply.
Industrial Skills Framework
A guide for individuals, employers and training providers to recognise knowledge, experience and skills mastery.
Learning and certification
Connect people with relevant certification programmes and capability development pathways.
ESG capability
PETRONAS Supplier Support Programme
The PETRONAS Supplier Support Programme (PSSP) supports suppliers in strengthening their environmental, social and governance maturity.
Suppliers can complete an ESG maturity assessment. The results help identify the most suitable programme and practical next steps for improvement.
Supplier pathway
- AssessComplete the ESG maturity assessment.
- IdentifyUnderstand the most relevant support pathway.
- ImproveImplement actions and track progress over time.
Innovation ecosystem
Technology Innovation and Adoption
TITAN is a strategic collaboration programme designed to streamline the pathway for innovative technologies to reach the market.
By partnering with the National Technology and Innovation Sandbox (NTIS) and Standards and Industrial Research Institute of Malaysia (SIRIM), TITAN offers a fair and comprehensive testing ground where technologists and innovators can demonstrate their products to PETRONAS.
Connect to CollaborateInnovation focus areas
DigitalisationRoboticsAutomationCarbon captureHydrogenRenewable energyEnergy efficiencySmart operations
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