Despite experiencing a freefall in recent times, the oil and gas industry is poised to witness recovery in crude oil prices with expected increase in both upstream and downstream activities.

Nevertheless, the industry remains volatile. Faced with maturing oil fields, declining domestic production and a finite fuel source in the face of accelerated economic growth, the main challenge for energy suppliers is not just the availability of alternative energy supply but also the commercial potential of these resources.

It is therefore crucial that Malaysia continues to highlight its potential in the Oil, Gas and Energy (OGE) sector while keeping up-to-date with the latest innovations and technology to strengthen its position. This will not only strengthen Malaysia's position as a strong oil and gas nation, but also a competent OGE leader, especially in the Asian region.

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