Mainstream
A global scale-up
Emmanuel Samarathisa | 07 Dec 2018 00:30

The oil price crash four years ago may have destroyed many oil and gas players (O&) but a handful of companies not only survived but thrived under the adverse circumstances.

Among them is integrated energy services provider Serba Dinamik Holdings Bhd. It even went as far as listing on Bursa Malaysia early last year amid a depressed O&G outlook. Today, the move has paid off. While many companies are stanching financial losses or rushing to profit from rallying oil prices, Serba has been posting back-to- back profits since its listing on the bourse on Feb 8, 2017.

“We always tell our shareholders and potential investors that our core competency and core revenue driver is operations and maintenance (O&M). As long as the production platforms for oil & gas are still running, we are in business,” Serba group chief executive officer Datuk Mohd Abdul Karim Abdullah tellsFocusM.

To be sure, the Serba brand is far from callow. Founded by Abdul Karim in 1993, the com- pany began as a maintenance, repair and operations (MRO) services provider for rotating equipment. The following year, it entered into the O&G industry in Bintulu, Sarawak, providing an array of services including MRO as well as minor fabrication for non-pressurised tanks and civil works.




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