Dato’ Dr Ir Haji Mohd Abdul Karim Abdullah, the Group Managing Director and CEO of Serba Dinamik Holdings Bhd, talks to The Peak about navigating the volatile oil & gas industry and the steps he is taking to ensure the company’s future.
Whenever ‘oil & gas’ is mentioned in casual conversation, one would be forgiven if the thought immediately focuses on energy – as the various products from this field provides fuel for vehicles, powerplants and the like. Yes, Malaysia is considered a major oil & gas producer within the South-East Asia region. But in real global definitions, Malaysia’s production levels for oil & gas does not exceed one million barrels per day. As such, Malaysia doesn’t quite qualify for membership in the elite oil-producers’ club of the Organisation of the Petroleum Exporting Countries (OPEC).
Incidentally, OPEC currently has an exclusive membership of just 14 members globally: five in the Middle East, seven in Africa and two in South America. OPEC’s combined rate of oil & gas production represents about 44 per cent of the world’s total, and 81.5 per cent of the world’s proven oil & gas reserves. And to better put things into perspective, Saudi Arabia – one of the planet’s biggest oil & gas producer – has a daily output of more than 10 million barrels!
Oil, however, is a volatile commodity and its market value will always fluctuate over a certain range. And no one appreciates this more than Dato’ Dr Ir Haji Mohd Abdul Karim Abdullah, the Group Managing Director and CEO of Serba Dinamik Holdings Bhd, an international energy services group that provides engineering services and associated solutions for the oil & gas industry that was founded here in Malaysia back in 1993.
This story is from the July 2019 edition of The PEAK Malaysia.
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This story is from the July 2019 edition of The PEAK Malaysia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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