Cape, OLIO Forms JV to Tap Business Opportunities in Malaysia

UK-based Cape plc, a provider of critical industrial services to the energy and natural resources sectors, formed a joint venture with OLIO Resources Sdn Bhd to tap business opportunities in the Malaysian market.

The partnership will "bring together the capacity, experience and skills of both organizations in order to serve the Malaysian market," Cape said in a press release Wednesday.

OLIO, established in 1995 by a group of Malaysian entrepreneurs with a combined experience of over 100 years in the oil and gas industry, offers a range of products and services to the oil, gas and energy industries.

“We are pleased to enter into this joint venture with OLIO to establish a company dedicated to the Oil and Gas services market inside Malaysia and look forward to a long standing successful bond between both companies,” Joe Oatley, chief executive of Cape said in the press release, while OLIO Executive Chairman Ramli Md Nor added that "we are very excited about this partnership between OLIO and Cape which we believe will form an important part of our vision to become a leading solutions provider to the Oil, Gas and Energy market in the region”.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Zion Granted Approval to Drill Well On... (Dec 2)
 -  Production Drilling Begins at Mariner ... (Dec 2)
 -  Subsea 7 Secures Services Contract wit... (Dec 2)
 -  Eni: Oil Worker Dies Following Congo P... (Dec 2)
 -  FAR Refutes Claims that it cannot Farm... (Dec 1)


Most Popular Articles

From the Career Center
Jobs that may interest you
Commercial Director - Terminals
Expertise: Business Development
Location: South Carolina, 
 
Senior Engineer New Rule Implementation
Expertise: Engineering Manager|Environmental Engineer
Location: Deer Park
 
Senior Legal Counsel - Houston, TX
Expertise: Legal
Location: Houston-EP Center Americas, United States, 
 
search for more jobs

Brent Crude Oil : $54.46/BBL 0.96%
Light Crude Oil : $51.68/BBL 1.21%
Natural Gas : $3.44/MMBtu 1.99%
Updated in last 24 hours