Schlumberger makes Malaysia regional hub
It marks first step in ETP’s aim of attracting MNC headquarters
PETALING JAYA: The launch of Schlumberger Ltd’s financial hub here yesterday is the first initiation under the Economic Transformation Programme (ETP) to attract more multinational companies to set up their regional headquarters in Malaysia, Minister in the Prime Minister’s Department Datuk Seri Idris Jala said.
Idris said that under the ETP, the Government aimed to attract 100 multinational companies to set up their regional headquarters by 2020.
“This will not only spur economic growth but allows Malaysians to develop greater skills and employment in value-added activities,” he said after the launch yesterday.
The hub represents a major transformation in how Schlumberger provides financial support to its operating business managers in the oil and gas industry.
It is expected to provide financial services not only in Malaysia but also in the region and potentially the Middle East, Europe and Africa.
Schlumberger chief financial officer Simon Ayat said Malaysia was the obvious choice for its new facility.
“The country offers highly qualified financial professionals with excellent customer service attitudes.
“Malaysia is open to attracting knowledge-based activities and offers an excellent business environment, with a Government committed to the development of education and infrastructure,” Ayat noted.
He said the financial hub, which currently has almost 200 employees from 19 countries, was expected to have over 400 staff by next year.
It would offer staff the opportunities to expand their industry knowledge and enable them to gain broader international exposure in the oil and gas industry.
The hub’s diversity in nationality and culture would enable employees to expand their careers with the support knowledge gained from their direct interaction with operational management from over 60 countries.
“To ensure success, dedicated human resources and training managers have already been assigned to the new hub,” Ayat noted.
Schlumberger is the world’s leading supplier of technology, integrated project management and information solutions for the oil and gas industry.By The Star Online