Petroliam Nasional Bhd. (Petronas), by means of Malaysia Petroleum Administration (MPM), has signed two memoranda of understanding (MoUs) aiming to advance expertise and operational effectivity in Malaysia’s exploration and manufacturing (E&P) sector.
The primary MoU, signed with Schlumberger WTA (Malaysia) Sdn Bhd (SLB), focuses on enhancing technical capabilities in synthetic intelligence (AI), machine studying (ML), and generative AI applied sciences.
This partnership “goals to combine cutting-edge, AI-driven options into MPM’s information platform, revolutionizing the administration and interpretation of subsurface information,” Petronas stated in a information launch. The collaboration will help Malaysia’s offshore operations, delivering enhanced worth to rising Petroleum Association Contractors (PACs).
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The second MoU, signed with Velesto Drilling Sdn Bhd and NOV Inc, establishes a framework to deploy NOV’s drilling automation system and robotics expertise on Velesto-operated rigs. The collaboration seeks to optimize drilling operations in Malaysia by bettering operational effectivity, reducing prices and supporting Petronas’ sustainability initiatives.
Moreover, the partnership goals to drive expertise adoption, selling modern options throughout Malaysia’s upstream sector, in accordance with the discharge.
MPM Senior Vice President Datuk Ir. Bacho Pilong stated, “These strategic collaborations with SLB, Velesto and NOV signify a leap ahead for MPM and Malaysia’s E&P sector. By embracing digital transformation, we’re not solely enhancing operational effectivity but additionally paving the way in which for next-generation information options that convey substantial worth to our PACs, particularly rising gamers and new traders. By way of these partnerships, we construct a robust ecosystem to allow entry to our PACs. The dialogue to pilot the SLB’s information and AI platform has already generated robust curiosity amongst our Small Discipline Asset (SFA) and Late Life Asset (LLA) PACs”.
Additional, Petronas, additionally by means of MPM, has partnered with Earth Science Analytics (ESA) and Amazon Internet Companies (AWS) to leverage superior AI and ML applied sciences in accelerating exploration efforts within the Malay Basin.
The partnership additionally goals to reinforce the info capabilities of the Petronas myPROdata platform, a web-based platform that gives subscribers entry to Malaysia’s E&P information, in accordance with a separate information launch.
MPM can be partnering with ESA to discover cutting-edge AI and ML geoscience expertise. The initiative will deal with growing AI-driven subsurface workflows utilizing ESA’s EarthNET platform and Petronas myPROdata to spice up subsurface information analytics and interpretation, resulting in optimization of hydrocarbon exploration within the mature Malay Basin, offshore Peninsular Malaysia.
The collaboration with AWS goals to reinforce Petronas myPRODATA platform by means of AI and information analytics. AWS will work with Petronas to implement superior AI and ML functionalities, bettering person expertise and streamlining information administration processes.
Pilong stated, “These collaborations are pivotal in reinforcing Petronas’ dedication to innovation as we gear up for Malaysia Bid Spherical (MBR) 2025. By leveraging superior AI and ML capabilities, we goal to empower our traders and Petroleum Association Contractors (PACs) with richer information insights and extra streamlined processes, driving smarter decision-making and guaranteeing a extra environment friendly, impactful bid spherical for all members”.
The MBR is an annual licensing spherical providing various upstream alternatives to potential traders. It consists of exploration acreages, Found Useful resource Alternatives and late life producing belongings throughout Malaysia.
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