The oil, gas and energy industry plays a crucial role in the global economy, providing the primary sources of energy that power economies, industries, and the daily lives of billions. In Malaysia, oil and gas remains a significant economic industry in Malaysia, with 20% of GDP contributed each year and a robust ecosystem supporting the value chain both locally and regionally.
Strategically located on essential routes for seaborne energy trade, Malaysia’s oil and gas industry is one that is flourishing and robust, placing it as the second-largest oil and natural gas producer in Southeast Asia and the world’s fifth largest exporter of liquefied natural gas (LNG). Furthermore, the country’s oil and gas market size in terms of production volume is expected to grow from 670 thousand barrels per day in 2023 to 718.23 thousand barrels per day by 2028.
The importance of ISO 29001 certification for industry players
The oil and gas industry requires meticulous inspections as the slightest oversight could result in irreversible losses. Robust systems need to be in place to efficiently monitor each operational procedure within the organisation and ISO 29001 certification ensures standardisation and improvement within the sector. It specifies the Quality Management System requirements for the petroleum, petrochemical, and natural gas industries and the primary goal of ISO 29001 is to enhance customer trust and confidence in day-to-day operations by ensuring continuous implementation of improvement processes, conformity assurance and regulatory requirements.
By getting certified, companies are demonstrating their commitment to industry best practices by streamlining operation processes while reducing wastage and saving costs. The certification process requires a thorough review of each stage in the manufacturing and operational chain which is why organisations are encouraged to analyse their process meticulously, identifying any redundant steps, bottlenecks, or areas where resources might be underutilised.
Apart from improving risk management practices, the implementation of an efficient system can provide companies with the opportunity to gain new customers with further access to international markets as they have positioned themselves as responsible and trusted market players by adhering to industry and regulatory requirements.
In addition to this, getting certified serves as a tangible demonstration of an organisation’s commitment to quality and best practices. This, in turn, builds trust among stakeholders, including customers, investors, and even regulatory bodies. The certification acts as a testament to an organisation’s dedication to delivering products and services that can meet and exceed industry standards, fostering long-term relationships and bolstering confidence in the brand. Businesses or organisations that become certified with ISO 29001 are able to enjoy the benefits of optimised processes that improve productivity, security, and quality of production which lowers the possibility of mishaps while also guaranteeing consistent standard of production.
En. Md Zaini Md Jai, Head of Chemical & Material Section of SIRIM QAS International shared that local businesses are encouraged to obtain this certification, “Upon obtaining the certification, they will not only be reaping various managerial, socio-environmental and commercial benefits, but they will also be maximising business growth and reaching their full potential,” added En. Zaini.
Globally, the oil and gas business recognises and accepts ISO 29001 accreditation. As a result, businesses can confidently show that they conform to the highest quality and safety standards required by a variety of industries, which opens doors to new markets and prospects. Essentially, gaining ISO 29001 certification via SIRIM QAS is more than just a statement of compliance—it’s a choice to improve operational effectiveness, foster confidence, and set oneself up for future expansion in a constantly changing global economy.
Also read: Kuala Lumpur Voted as 4th Best City in Asia-Pacific, Langkawi the 7th Best Island
