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KUALA LUMPUR, Malaysia -- As a part of a plan to restructure its business activities in Asia Pacific, Petroleum Geo-Services has decided to relocate its regional headquarters from Singapore to Kuala Lumpur.
The move will result in consolidation and centralization of resources and lead to improved competitive advantage and reduced costs, all of which are important in the current challenging market.
Kuala Lumpuris the hub of the domestic Malaysian exploration and production market. The imaging center in the city is one of PGS' busiest, carrying a significant part of the company' s load for imaging worldwide. By locating the regional headquarters in Kuala Lumpur, PGS will get closer interaction with the major international oil companies established there as well as the national oil company, Petronas.
The move will take place in July 2015.
Unconventional natural gas has become a global hotspot. It is changing the pattern of the world energy. Shale gas will become one of the three energy resources in the next 20 years. Read More >
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