Sparrows Group Breaks into Malaysian Market
Stewart Mitchell, CEO of Sparrows Group, (left) and Dato’ Mahathir Samat, managing director of Eftech finalising their partnership (Photo: Sparrows Group)
Sparrows Group has expanded into the Malaysian market after forming a strategic partnership with a local service provider in the region, Efficient Technology Sdn Bhd (Eftech), as part of the company’s plans to treble business in Asia Pacific over the next five years.
As part of the country-wide agreement, Sparrows Group will offer services such as offshore crane maintenance, crane hire, fluid power, inspection and cable and pipe lay products which are in particularly high demand in the region.
Sparrows Group already works with a number of drilling companies in Malaysia however it is expected that the agreement with Eftech will enable this to increase significantly.
At present Sparrows Group employs over 120 people in Asia Pacific and over 2,100 globally. They currently have bases in Singapore, Myanmar, Australia, China and two in Indonesia in the region.
Malaysian regulations stipulate all offshore service activity for Petronas, the state’s national oil and gas company, should be carried out through a local company.
The agreement with Eftech, which was founded in 2002, will see the company supporting Sparrows Group in providing its services across Malaysia’s three producing offshore basins. At present there are more than 130 offshore operating platforms in Malaysia and over 30 drilling rigs.
Dato’ Mahathir Samat, managing director of Eftech said: “Our partnership with Sparrows Group and their considerable track record in crane maintenance services has been integral to us being awarded a licence for this type of work by Petronas. There is a demand in our local market for the level of service we can bring through our partnership which I am sure will bring many benefits to the Malaysian offshore sector.”
Established originally in 1946, the Sparrows Group moved into the oil and gas market in 1975 and celebrates 40 years working offshore this year. They are one of the most well-known and trusted names in the oil and gas industry. The company provides engineered products and services, primarily to the offshore sector, specialising in lifting and handling, cable and pipe lay, and fluid power solutions.
