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Sparrows Group & SapuraKencana Petroleum Form Partnership in Malaysia

Source: www.gulfoilandgas.com 1/23/2017, Location: Asia

Sparrows Group is set to further grow our presence in the Asian Pacific market following the formation of a partnership with SapuraKencana Technology Sdn Bhd, a wholly-owned subsidiary of SapuraKencana Petroleum Berhad.

The partnership will see us collaborating in the provision of offshore and onshore crane services including manufacturing, supply, operations, maintenance and overhaul of offshore and onshore cranes for the oil and gas industry in Malaysia. SapuraKencana 3500 derrick lay vessel

Sparrows Group is currently working with a number of drilling firms in Malaysia but this new alliance is set to see our activity with operators in the country grow significantly.

Stewart Mitchell, chief executive officer at Sparrows Group, said: “SapuraKencana Petroleum is a prominent and well respected company and this partnership is right in many regards for us. It brings together two companies that have a reputation for delivering quality to the energy sector and SapuraKencana’s commitment to excellence is in line with our own values.

“Our specialist capabilities will complement SapuraKencana Petroleum’s diverse range of service offerings and we are confident that their knowledge and experience will support us in further establishing our presence in the country.”

Vivek Arora, Senior Vice President of Business Acquisition of SapuraKencana Petroleum said: “The collaboration with Sparrows Group will expand our range of service offerings in operations and maintenance (O&M) services. We are confident that this partnership will enable sharing of knowledge and technologies in providing high quality solutions to our clients in the oil and gas industry.”

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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