FPSO Ventures
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    FPSO Ventures
    (12 reviews)
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    Write a review

    Company Profile

    Company overview

    Website

    FPSO Ventures

    Company size

    Not specified

    Primary location

    Jalan Binjai, Kuala Lumpur, 50450 Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia
    FPSO Ventures Sdn. Bhd. (FVSB) was incorporated in 2003 to pursue Operations and Maintenance (O&M) services opportunities and initiatives for offshore floating systems. We are an affiliate of MISC Berhad, Malaysia’s leading logistics and shipping company listed on the KLSE main board.We commenced our first O&M management contract in 2005 for the FPSO Bunga Kertas in the Penara and North Lukut Fields for PETRONAS Carigali. Since then, we have been progressively increasing our portfolio of managed assets and are currently the largest operator of floating production systems in oilfields throughout Malaysia. Today, almost 25% of the nation’s domestic oil production is managed through FVSB operated facilities.

    Reviews overview

    3.812 ratings in total
    5
    4
    4
    4
    3
    2
    2
    1
    1
    1
    92%
    Rate salary as high or average
    58%
    Employees recommend this employer to friends

    What’s it like working at FPSO Ventures?

    AI summary of recent reviews

    Employees at FPSO Ventures appreciate the opportunities to learn about procurement and gain valuable experience, with supportive management providing guidance and flexibility. The company has well-structured procurement procedures and processes in place, ensuring transparency and integrity. The benefits package is seen as good, and working offshore is considered a great experience, with opportunities to engage with offshore teams and address operational issues.

    However, there are some potential challenges, such as a heavy workload with expectations to handle tasks beyond job descriptions and work under tight timelines. Concerns have been raised about the management style, with some employees feeling micromanaged and lacking a leadership-oriented approach. Additionally, some employees have expressed dissatisfaction with the compensation, citing low salaries and bonuses. The work environment can also be challenging at times, with the need to handle client demands and find solutions within short timeframes.

    Recent reviews

    3.0
    Mechanical engineer
    Jun 2023
    Kuala LumpurLess than 1 year in the role, current employee
    Manager Micro-manage
    The good thingsStrategic place near PT(Public Transport)
    The challengesThe staff in department is so lean and have to do beside of our JD(Job Description)
    4.0
    Senior executive
    Nov 2022
    Kuala Lumpur5 to 6 years in the role, former employee
    A right place to really learn procurement process and enhance your skills.
    The good thingsLearn procurement in details with guidance from the bosses. Bosses are very supportive and understanding as long as we can deliver our work. For me, this the place where I really learn about procurement. In facts, some of the knowledge were applied to my new company as an improvement. Working with FPSO have give additional value to my knowledge and even to my ownself.
    The challengesAt first it was challenging to understand and handle the work with environment that is not encouraging. However after some time, manage to learn and handle boss expectations. It takes time and mental spirit to adapt the stress. But managed to handle it and get along with the bosses. Tips, try to get along & understand the bosses before you jump to any conclusion. Peace.
    4.0
    Procurement
    Nov 2022
    Kuala Lumpur3 to 4 years in the role, former employee
    A great place to gain knowledge and experience
    The good thingsWell structured procurement procedure and processes to ensure transparency and integrity not compromised. Good exposure on sourcing of variety of supply and services for multiple offshore facilities operated within Malaysia and Thailand.
    The challengesSome of the processes could be automated to ease the administrative works and achieve faster turn-around time. Planning of purchase in advance will also help to minimize last minutes request.
    Ratings for FPSO Ventures are shared as-is from employees in line with our community guidelines
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