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This MoU will set out the principles and framework of the collaboration with PETRONAS, in working towards enhancing and developing its technical capabilities, research, technology and know-how in the oil & gas industry, and Siemens complementing this effort with its expertise in the areas of electrification, automation and digitalization.
Both parties, through this MoU, will also get to evaluate programmes and potential projects that are mutually beneficial, as well as assess initiatives and activities that will help elevate the national oil and gas industry to greater heights.
Four areas of interest have been identified under this Collaboration.
Top management of Siemens and PETRONAS witness signing of mou on new
collaboration
This MoU will set out the principles and framework of the collaboration with PETRONAS, in working towards enhancing and developing its technical capabilities, research, technology and know-how in the oil & gas industry, and Siemens complementing this effort with its expertise in the areas of electrification, automation and digitalization.
Both parties, through this MoU, will also get to evaluate programmes and potential projects that are mutually beneficial, as well as assess initiatives and activities that will help elevate the national oil and gas industry to greater heights.
Four areas of interest have been identified under this Collaboration.
Top management of Siemens and PETRONAS witness signing of mou on new
collaboration
A collaboration
between two global conglomerates can spark a game-changing innovation or
solution - for the betterment of the industry at large or as a legacy inspired
by leaders of the companies.
PETRONAS and Siemens
AG today held an exchange ceremony of the Memorandum of Understanding, signed
based on customized areas of collaboration that is expected to transform the
landscape of the oil and gas industry.
Under this MoU, the focus
areas of collaboration will be on the pillars of Business Arrangement,
Operational Excellence, Research and Technology, and Talent and Capability Building.
A committee will be
formed to drive and oversee the implementation of the collaborative
arrangements, potential projects and other areas of strategic development
within a 3-year timeline.
The MoU was signed earlier by PETRONAS
Senior Vice President, Project Delivery & Technology Mazuin Ismail, and Siemens
AG Power & Gas Division CEO Willibald Meixner on behalf of their respective
organizations.
Gracing the MoU Exchange Ceremony were
PETRONAS Vice President, Group Procurement, Project Delivery & Technology,
Samsudin Miskon, and Siemens AG Power & Gas Services (Distributed
Generation and Oil & Gas Business Unit) CEO, Thorbjoern Fors. Also present at
the event were other senior officials from both PETRONAS and Siemens.
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. The company is active around the globe, focusing on the areas of power generation and distribution, intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process and manufacturing industries. Through the separately managed company Siemens Mobility, a leading supplier of smart mobility solutions for rail and road transport, Siemens is shaping the world market for passenger and freight services. Due to its majority stakes in the publicly listed companies Siemens Healthineers AG and Siemens Gamesa Renewable Energy, Siemens is also a world-leading supplier of medical technology and digital healthcare services as well as environmentally friendly solutions for onshore and offshore wind power generation. In fiscal 2019, which ended on September 30, 2019, Siemens generated revenue of €86.8 billion and net income of €5.6 billion. At the end of September 2019, the company had around 385,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
Siemens Malaysia is a leading technology provider with comprehensive products and solutions for various markets in the Malaysian economy. It is focused in the areas of power generation and distribution, intelligent infrastructure for buildings and distributed energy systems, automation and digitalization in the process and manufacturing industries, smart mobility solutions for rail and road transport, as well as medical technology and digital healthcare services. Siemens made its debut foray into Malaysia through its first recorded sale here in 1908. Since then, the company has grown together with the economical and infrastructural development of Malaysia. In 1972, Siemens It set up its first semiconductor factories in Malacca and Penang, creating some 1,500 jobs for the nation’s workforce. In 1973, another semiconductor factory was set up in Malacca. The company has contributed to a significant number of milestone nation-building projects that include Malaysia capital’s landmark KLCC Twin Towers, the Klang Valley MRT Line 1 and ERL Express city-airport connection, as well as resource-efficient and technologically-advanced gas turbines for Prai and Pengerang power plant projects. Further information is available on the Internet at www.siemens.com.my.