Prime Minister Presenting iCWD

December 8, 2016 No Comments by admin

PM Presenting iCWD co-developers

KUALA LUMPUR, Dec 8, 2016

Malaysia Prime Minister Datuk Seri Najib Tun Razak in his opening speech at the Global Entrepreneurship Community (GEC) and Malaysia Commercialisation Year (MCY) 2016 summit has highlighted the Intelligent Circulation While Drilling tool, iCWD, jointly developed by Petronas and MIT Technologies.

“The groundbreaking innovation developed by Malaysians prove that we are capable of producing world class innovations” he said, adding that the government would continue to provide assistance to generate more quality products and services to meet global market demands.

iCWD, was the top winner of the Malaysia Commercialisation Year 2016 Award (MCY 2016) grabbing the MCY Supreme Award, (Best Overall Winner), and Top Commercial Deal Category Awards. En Nik Mustapha Fathil bin Nik Mahmud, co-founder of MIT Innovation Sdn Bhd, received the Award Certificate from Prime Minister at the Kuala Lumpur Convention Center earlier today.

Among those present were Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah, Science, Technology and Innovation Minister Datuk Seri Madius Tangau, Higher Education Minister Datuk Seri Idris Jusoh, Minister in the Prime Minster’s Department Datuk Seri Dr Wee Ka Siong and Domestic Trade, Cooperative and Consumerism Minister Datuk Seri Hamzah Zainudin.

The iCWD is the industry’s first intelligent drilling circulation system employed in the oil and gas drilling sector. It provides significant time saving, safety and efficiency improvement features that reduce the overall cost of well construction.

Watch receiving the Supreme Award video, or on

Malaysia Prime Minister, Datuk Sri Najib Tun Razak presenting iCWD as the national winner during his speech

Malaysia Prime Minister Datuk Seri Najib Tun Razak 5th from left,
Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah, 5th from right,
Science, Technology and Innovation Minister Datuk Seri Madius Tangau, 4th from left
En Nik Mustapha Fathil, Co-Founder of MIT Innovation Sdn Bhd, 4th from right,
Dato’ Ir Mohd Azman Shahidin, President and CEO of Technology Park Malaysia Corporation Sdn Bhd (TPM) 3rd from right,

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Prime Minister Presenting iCWD

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