PETRONAS and Siemens AG is forging partnership in customised areas of collaboration that is expected to transform the landscape of the oil and gas industry. Both parties exchanged the documents of Memorandum of Understanding in a ceremony held today.
Under the 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 PETRONASr resp Senior Vice President, Project Delivery & Technology Mazuin Ismail, and Siemens AG Power & Gas Division Chief Executive Officer Willibald Meixner on behalf of the respective organisations.
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 PETRONAS and Siemens.