After Norwegian engineering group Aker Kvaerner invested more than $100 million in an integrated subsea oil and gas manufacturing centre in Port Klang. The company expects its global production capacity of certain subsea oil and gas products to double following the opening of the manufacturing centre, said its president and chief executive officer Martinus Brandal.
“With this Malaysian investment, we are doubling our global production when it comes to certain products and systems within the subsea,” said Brandal.
“The manufacturing centre is an important asset in Aker Kvaerner’s global strategy. There are a lot of emerging deepwater fields in Malaysia,” he added.
The centre, when fully developed, will employ 1,000 highly skilled employees, he said.
“The subsea manufacturing centre will also create possibilities for local vendors. We expect to engage many Malaysian vendors for the supply of components and services to the centre,’ he added.
He also said Aker Kvaerner may further expand the production capacity of the Malaysian centre.
However, its expansion will largely depend on the growth of global energy consumption, particularly in India and China.