TOS, Jereh Collaborate to Offer Products, Services for Malaysia O&G Market

Malaysia's Tanjung Offshore Berhad reported Tuesday that its subsidiary Tanjung Offshore Service Sdn Bhd (TOS) had entered into a Collaboration Agreement (CA) with China's Yantai Jereh Petroleum Equipment & Technologies Co., Ltd. (Jereh) to offer oil and gas products as well as services and related opportunities in Malaysia for field operators and main contractors.

TOS -- a company licensed by Malaysia national oil and gas company Petroliam Nasional Berhad (PETRONAS) -- provides integrated services for the petroleum and related industries, while also offering engineering equipment and spare parts and maintenance services. Jereh's offerings include the supply of products and services to the oil and gas industry in areas such as drilling, completion and well services equipment manufacturing and gas compressor packaging activities.

"The Board of the Company is of the opinion that the CA is in the best interest of the Company," Tanjung Offshore said in a filing with local stock exchange Bursa Malaysia Tuesday.

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