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VDP InnoTech

VDP InnoTech





25 Feb 2019, Kuala Lumpur, Malaysia. VDP InnoTech Certificate

MIT Innovation Sdn Bhd, is proud and excited to announce that it was the first company to receive the Certificate of Appointment for Vendor Development Programme (VDP) as a Vendor under PETRONAS VDP Innovation and Technology (InnoTech),

Appointment dates commence on 18 Jan 2019, and for a tenure of 5 years. En. Nik Nazirul Syahmi has received the certificate from Pn Noliza Md Nawi, head of Petronas Corporate Project & Licensing and local Capability Development. This certificate is a recognition of MIT Innovation Sdn Bhd leadership in development of local technology that contributes to reducing operations risk and enhance well construction economy for upstream oil and gas.

MIT Innovation Sdn Bhd is committed to continue the development of new products in close collaboration with Petronas Centre of Excellence-Wells, to bring fit for purpose technologies that reduce overall operating cost and reduce operation risk.



About PETRONAS VDP InnoTech:

PETRONAS VDP focuses on nurturing Bumiputera vendors to be resilient and sustainable to achieve the following objectives: The custodian of VDP is Ministry of Entrepreneur Development And Cooperative (MEDAC), responsible to regulate the programme and define the eligibility criteria for VDP Vendor. VDP has evolved since its inception in 1993. The program has been successfully implemented and undergone various phases of learning in tandem with different challenges faced by the industry.