Fircroft Group (UK), one of the world’s leading providers of technical recruitment services to the global Natural Resource and Engineering sectors, is expanding its services to Malaysia through an official agreement marked at a signing ceremony today with Tanjung Offshore Berhad (Tanjung).
The joint entity will be known as Fircroft Tanjung. The signing ceremony was officiated by Ray Kyles, Acting British High Commissioner to Malaysia.
Also present at the milestone event was Johnathan Johnson, CEO of the Fircroft Group and Dato’ Harzani Bin Azmi, Managing Director of Tanjung Offshore Berhad.
Tanjung has been active in the recruitment of talent for the Energy and Natural Resources via Tanjung Offshore Services Sdn Bhd (TOS).
Dato’ Harzani bin Azmi said during the ceremony, “Tanjung has grown in leaps and bounds, charting new milestones. These include the setting up of various subsidiaries and associated companies, towards the furtherance of not only our enterprise, but the oil and gas industry as a whole. The joint venture with one of the world’s leading providers of recruitment solutions to specialist technical industries will further enlarge our footprint within the oil and gas and related industries in the region.”
Meanwhile, Johnathan Johnson, Fircroft’s Chief Executive Officer said, “As part of our global strategy, Fircroft intends to engage in a long-term partnership in Malaysia, which will enable us to find the best talent locally as well as internationally for our clients, some of them being the world’s largest energy companies. Working together, we can advance Fircroft’s commitment to providing technical recruitment services of the highest quality and standard. We aim to make Fircroft Tanjung ‘top of mind’ to potential business investors and partners to choose and co-locate in this nation, empowering the economic growth and prosperity for Malaysia as a whole. ”
Skills shortage issue
Technical talent shortage has been a topic frequently brought up over the years and is becoming more challenging. The market landscape drives the need for companies to continuously grow at a faster rate while delivering quality and innovative products and services.
Ray Kyles, Acting British High Commissioner to Malaysia said, “Malaysia, as one of the most rapidly-developing economies in the Southeast Asian region, boasts one of Asia’s most vibrant economies. With aspirations to become a high income nation by the end of this decade, Malaysia is already home to many multinational companies and leading financial and educational institutions from around the world. Today’s collaboration between two leading organisations – Fircroft and Tanjung Offshore Berhad – is certainly in line with our continued efforts to boost the bilateral economic and business ties between the two countries.”
The oil and gas sector has been identified as a key segment to bolster the Economic Transformation Programme (ETP). This joint venture comes at an important juncture for Malaysia as the country continues the mission to transform the economy, in the pursuit of becoming a developed nation by the end of this decade. Critical to the success will be the availability of technical talent to meet the needs of an economy that is rapidly moving up the value chain and becoming technologically more sophisticated. Investments in Malaysia reached a new record last year against swirling external headwinds, and brought in a large pool of high-skill job opportunities. Recognising the importance of human capital development in driving the nation forward, Malaysia has committed substantial resources in improving and enhancing its talent pool over the last five decades.
The oil, gas and energy sector are the mainstays of Malaysia’s growth. It contributes approximately 20% to the national GDP.
Dato’ Harzani bin Azmi added, “We are optimistic about the prospects of the oil and gas industry in Malaysia. We are also truly grateful for the efforts of the Malaysian government, having announced various strategies to boost the industry through its Economic Transformation Programme with investments amassing up to RM75 billion over within the next 20 years. These investments, we are certain, will further spur positive growth within the industry, enhancing exploration, development, production and maintenance operations in the near future.”
The growth of the oil and gas sector is estimated to be at 5% annual growth from 2010 to 2020. The ETP identified 12 Entry Point Projects (EPPs), as well as business opportunities within the sector and these EPPs are expected to contribute RM47.1 billion to Gross National Income (GNI) and create an additional 52,300 jobs within the sector. A substantial proportion of these jobs will be highly-skilled, with an approximation of 21,000 (40%) for qualified professional.