Petronas, through its MPM division, announced a strategic partnership with ESA and Amazon Web Services (AWS) to advance the use of AI and machine learning (ML) technologies in Malaysia’s oil and gas sector.
The collaboration aims to accelerate exploration efforts in the Malaysian Basin and enhance the data capabilities of the Petronas myPROdata platform.
MPM Senior Vice President Datuk Ir. Bacho Pilong said: “These collaborations are key to strengthening Petronas’ commitment to innovation as we prepare for the Malaysia Bid Round (MBR) 2025.
“By leveraging advanced AI and ML capabilities, we aim to empower our investors and oil contractors with more data-rich insights and more streamlined processes, thereby enabling smarter decision-making and ensuring a more efficient and impactful offer cycle for all participants.
MPM’s partnership with ESA will focus on the development of AI-driven underground workflows using ESA’s EarthNET platform and Petronas myPROdata.
This initiative aims to boost the analysis and interpretation of subsurface data, ultimately optimizing hydrocarbon exploration in the mature Malay Basin, offshore the Malaysian Peninsula.
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By GlobalData
The collaboration with AWS will enhance the Petronas myPROdata platform with AI and data analytics.
AWS will help Petronas integrate advanced AI and ML capabilities to improve user experience and streamline data management processes.
This enhancement is expected to significantly improve operational capabilities, enabling potential investors to make more informed and data-driven decisions in Malaysia’s exploration and production sector.
The Malaysia Bid Round (MBR) is an annual event that showcases various upstream opportunities to investors, including exploration acreage, discovered resource opportunities and end-of-life production assets across Malaysia.
The next MBR is planned for early 2025 in Kuala Lumpur.
Petronas is committed to ensuring a sustainable supply of oil and gas for national energy security while progressing towards low-carbon and low-emissions operations.
The company is committed to achieving net zero emissions by 2050, in line with global environmental goals.
Last month, Petronas announced a collaboration with energy sector stakeholders, government agencies and international organizations to launch the ASEAN Energy Sector Methane Leadership Program 2.0, aimed at reducing methane emissions in Southeast Asia.
