New Swire Oilfield Services yard opens in Malaysia
Swire Oilfield Services has expanded its presence in Malaysia with the launch of its new yard in Kemaman. The yard is run with the partnership of Altus Oil & Gas Malaysia Sdn Bhd.
The company is the world’s largest supplier of specialist offshore cargo carrying units and leading supplier of cargo carrying solutions, modular systems, fluid management and offshore aviation services.
The new base at Kawasan Perindustrian Teluk Kalong comprises three acres of open yard space, an acre of covered warehouse and a further four acres of bonded warehouse currently under construction. The facility has increased local employment opportunities and offers a range of services to customers including refurbishment, maintenance, inspection and logistics.
Swire Oilfield Services has seen significant growth in Malaysia in recent years, and in December celebrated the milestone of 1,000 cargo carrying units in the region. The company mobilized its first units in Kemaman in 2012, and has significantly grown its fleet to meet customer demand in the area.
Swire Oilfield Services has invested USUS$19 million in its South East Asian operations and has identified the market as central to its five-year growth strategy – Vision2020. Investments made last year were aimed at expanding the company’s cargo carrying unit rental fleet and developing bases in Malaysia, Thailand and Vietnam. This will be followed by a further US$8 million USD capital spend on regional rental fleet in 2015 and an extension to the company’s Singapore yard.
Alister Beck, General Manager South East Asia, said: “The opening of our new base in Kemaman represents a significant expansion of our presence here in Malaysia and has come as a direct result of increased demand for our units, indicating a strong market in South East Asia.”
“We see incredible potential in Malaysia and across South East Asia and expect to be able to expand into new countries within the region, introduce new products and services and continue to set the standard for quality, safety and innovation.”
Mike Ellsworth, CEO of Altus, said: “The Kemaman development is another example of the excellent cooperation between Swire Oilfield Services and Altus in their effort to serve their customers in South East Asia”.