SETEGAP VENTURES PETROLEUM SDN BHD

SETEGAP VENTURES PETROLEUM SDN. BHD

A one-stop centre for integrated well solutions

S E T E G A P

V E N T U R E S

P E T R O L E U M

S D N .

B H D

All is Well Setegap Ventures Petroleum is meeting clients’ complex requirements in an ever-evolving oil & gas environment through a turnkey pumping, drilling and tubing portfolio of services Writer: Matthew Staff | Project Manager: Josh Hyland

2

WWW.ASIAOUTLOOKMAG.COM

O

I

L

ncorporated in Malaysia in 2003 as a whollyowned Bumiputra entity, Setegap Ventures Petroleum Sdn Bhd (SVP) has evolved over the following 14 years to become a one-stop centre for the oil & gas sector, providing an almost unrivalled array of well solutions to a loyal base of customers.

Initiating back then as the only Malaysian owned and operated service provider for the upstream industry, its range of pumping and well services, well intervention solutions, production enhancements, and upstream drilling offerings have ensured longevity at the head of the sector.

&

G

A

“SVP’s core services are in well pumping, coil tubing units (CTU), integrated production enhancement solutions, and de-sander and cementing services,” the Company continues. “Our advantage lies in having the capability and capacity for continuous innovation in designing solutions to meet clients’ evolving

S

working environment, technology and safety expectations.

“Our full spectrum of consultancy includes the solutions customised to specifically address the challenges faced by a dynamic working environment, as well as providing the skilled manpower, equipment, and related products needed to ensure the successful implementation of the solutions.”

Always looking to diversify and expand its portfolio, SVP in 2008 enhanced its scope of operations to include aforementioned CTU services, further demonstrating its flexibility and entrepreneurial flair in an industry not always blessed with such a luxury.

WWW.ASIAOUTLOOKMAG.COM

3

S E T E G A P

V E N T U R E S

P E T R O L E U M

S D N .

B H D

CETCO

“

With our own technology, equipment, engineering and operational teams, Cetco have continually reviewed the market and how we approach it, bringing innovative solutions to differing global markets.

We have engineered and built many types of desander packages with ancillary and other process equipment to perform on various demanding job applications.

Coil Tubing Unit packages, working with our desander’s, are excellent associates and we are enormously proud to be a business partner for Setegap Ventures Petroleum.”

Andrew Logue, CETCO Vice President – Eastern Hemisphere.

T +603 8063 5849

www.cetcoenergyservices.com SVP’s core business is well pumping

“As SVP focuses on the core business of well pumping, CTU and cementing services, it is rapidly making its expertise known in Southeast Asia, with new markets also being opened in the Middle East,” SVP adds on its website.

The Company’s Chief Operating Officer, Mohd Zulhaizan Bin Mohd Noor picks up: “As the need to increase production from existing wells becomes increasingly important, especially during the oil price downturn, it has opened the door for SVP to increase our capability and fleet from just pumping to coil tubing, de-sander services and production enhancement solutions.

“The integrity of a well is also crucial in order to ensure the lifespan of the well, thus SVP now also offers cementing services.”

The integrity of a well is also crucial in order to ensure the lifespan of the well, thus SVP now also offers cementing services

Strong core

Over a relatively short period of time, SVP has cemented its reputation as an organisation run by savvy business

4

WWW.ASIAOUTLOOKMAG.COM

Strong reputation as a savvy business

O

I

L

&

G

A

S

CETCO Energy Services is a global provider to the offshore and onshore marketplace

»DESANDING PACKAGE »WELL TESTING »WATER TREATMENT

»PROCESS EQUIPMENT

»ORCA CONSULTING

»WASTEWATER

»PIPELINE FILTRATION

»INTERVENTION SERVICES

Malaysia Office: 2-3-1, 3rd Floor @ PFCC 2, Jalan Puteri 1/2 Bandar Puteri Puchong, 47100, Puchong Selangor, 47100, Malaysia. Tel: +603-8063 5849 For more details and global contacts: www.cetcoenergyservices.com

QHSE “SVP’s commitment to best safety practices has won it accolades from the international powerhouses of the oil & gas industry, such as ExxonMobil, making SVP a Malaysian Company which stands shoulder-to-shoulder with service providers worldwide,” Mohd Noor emphasises.

The Company details: “Our Management is highly committed in ensuring that we raise the bar when it comes to the standards of Quality, Health, Safety and Environment. We have, to date, completed the Integrated Management System (ISO 9001:2008, ISO 14001:2004 and OHSAS 18001) as of year 2012 and continually update our certifications...

“In order to pursue constant improvement in standards, SVP has formed a designated committee to steer all efforts through various KPIs, action plans, and regular audits.”

These efforts include: • A slogan as an affirmation towards the goal: “Enhancing Responsibilities” • A monthly bulletin highlighting safety issues and good practices • Regular reviews of safety performances and statistics during safety meetings • To be more involved in HSE forums and conferences organised by clients, business partners and Governmental bodies in the future Recognitions so far include: • Safety recognition for hurt-free operations: < 100,000 man-hours • Gold award safety recognition for hurt-free operations: > 100,000 man-hours

WWW.ASIAOUTLOOKMAG.COM

5

S E T E G A P

V E N T U R E S

P E T R O L E U M

S D N .

B H D

SVP

See more Awards

At SVP we believe that balance is everything. While we are always on the lookout for dedicated, intensely motivated, self starting individuals, we believe that perfect dedication needs a counterweight. SVP believes we can offer this brand of work-life balance.

and technical individuals who have helped to develop the Company into the reputed, fast-responding, time sensitive and innovative entity that is seen today.

“SVP believes in doing what we do best, and then expanding from that,” Mohd Noor says. “We develop a strong fundamental, technical business, and then expand from that strong core.

“SVP also believes that the success of the Company depends on highly skilled staff, so there is a strong emphasis on programmes to help further develop our workforce.”

The culminating result is an almost 70 percent market share dominance in the East Malaysian market, and a further 50 percent stronghold in Peninsular Malaysia, incorporating the entire scope of the business. And from this emphatic position, the Company can - and has been - looking to migrate further afield and replicate its triumph throughout Southeast Asia.

6

WWW.ASIAOUTLOOKMAG.COM

O

I

L

&

G

A

S

Well Engineering & Technology Sdn. Bhd. 10.1, Level 10, Menara Weld, 76, Jalan Raja Chulan, 50200 Kuala Lumpur, Malaysia T: +603 2026 6787 • F: +603 2034 2199 • welltech@welltechengineering.com

ri n

ee

If you you have have aa well well If problem that that can can be be problem chemically solved, solved, chemically contact us us for for the the contact best solution. solution. best

g.c om

We specialise in stimulation, descaling, wax dissolving and inhibition, sealants for leaking packers, casing, wellheads and SCP and more.

ww

Compounding such a proactive approach to continuous improvement, its new CTU and de-sander units, as well as investments into new cementing equipment, have helped increase provision to the market once again, while a new, bigger warehouse in Labuan has helped to facilitate the Company’s own rapid growth.

Versatile and nimble

Two major CTU contracts have been won in recent times as a consequence of the Company’s turnkey offering, bringing SVP closer to its goal of becoming not just a local leader, but also a regional and global player of repute.

“With that in mind, we welcome talented and committed individuals to drive the Company towards realising not just our vision, but the journey towards it,” the Company affirms. “Our diverse and multi-talented family is a testament to the culture we inculcate at SVP.” Creating opportunities for local

...we welcome talented and committed individuals to drive the Company towards realising not just our vision, but the journey towards it

w.w ellte c he

ng

in

artisans is a large part of this employment focus, where they can then be deployed at bases in Kuala Lumpur, Kemaman, Labuan, Miri and Kota Kinabalu.

Further still, the same ethos is applied to its supply chain too, where social responsibility shines through and local business partnerships are entered into to enforce its own internal values of cost-effectiveness, reliability, efficiency and good business ethics.

“SVP is looking at how to increase efficiencies moving forward, in terms of operations and in trying to increase our margins,” Mohd Noor concludes.

“With a small-size structure, SVP has the advantage of making fast decisions and can be more versatile and nimble in challenging demanding markets.

“From this point, the future will also see us diversify our business in terms of products and territories, looking to be on par with other traditional players with the same scope of services.”

WWW.ASIAOUTLOOKMAG.COM

7

Kuala Lumpur Head Office No. 68 & 70, Fraser Business Park, Jalan Metro Pudu 2, 55200 Kuala Lumpur, Malaysia Tel: +603 9232 6200 Fax: +603 9232 6300 malaysia@svpetroleum.com.my career@svpetroleum.com.my

www.svpetroleum.com.my

www.outlookpublishing.com