B.I.G.'s director, Tan Sri Lau Bin Tin believes that the new consortium would benefit from his company's experience in the oil and gas sector. "B.I.G. has a lot of expertise in the oil and gas and chemical industries. BIG is one two companies in East Malaysia producing industrial gases [and] controls 60% share of the industrial gases market in Sarawak, with six plants producing oxygen, nitrogen, acetylene, and carbon dioxide," said Lau.
Furthermore, Lau also added that the company also supplies liquid nitrogen to oil and gas giants like Petronas Carigali, Brunei Shell Petroleum Co Sdn Bhd, Brunei LNG Sdn Bhd, and Malaysian Liquefied Natural Gas and that the company was in the process of securing a vendor development status (VDP) from Petronas.
The second - yet to be named consortium - is in the process of being formulated and established by the Malaysian government. Its task would be to undertake developments in marginal oil fields, which are beneath the scope of the state-run Petronas. Aside from B.I.G., the other applicants are Ranhill Bhd, Jawala Corp and Crest Petroleum.
