Sparrows Group breaks into Malaysian market through Eftech partnership

ABERDEEN, United Kingdom -- Sparrows Group has expanded into the Malaysian market after forming a strategic partnership with a local service provider in the region, Efficient Technology Sdn Bhd (Eftech), as part of the company’s plans to treble business in Asia Pacific over the next five years.

As part of the country-wide agreement, Sparrows Group will offer services, such as offshore crane maintenance, crane hire, fluid power, inspection and cable and pipe lay products, which are in particularly high demand in the region.

Sparrows Group already works with a number of drilling companies in Malaysia; however, it is expected that the agreement with Eftech will enable this to increase significantly.

“We see Asia Pacific as a key growth area for Sparrows Group in the coming years,” Stewart Mitchell, CEO at Sparrows Group, said. “Malaysia’s oil reserves are the fourth highest in Asia Pacific and by partnering with a well-respected local company that shares our commitment to assure delivery to clients, such as Eftech, we believe we are on the right track to realizing our aims.”

At present Sparrows Group employs over 120 people in Asia Pacific and over 2,100 globally. They currently have bases in Singapore, Myanmar, Australia, China and two in Indonesia in the region.

Malaysian regulations stipulate that all offshore service activity for Petronas, the state’s national oil and gas company, should be carried out through a local company.

The agreement with Eftech, which was founded in 2002, will see the company supporting Sparrows Group in providing its services across Malaysia’s three producing offshore basins. At present there are more than 130 offshore operating platforms in Malaysia and over 30 drilling rigs.