Petroliam Nasional Bhd. (Petronas), through Malaysia Petroleum Management (MPM), has signed two memoranda of understanding (MoUs) aiming to advance technology and operational efficiency in Malaysia’s exploration and production (E&P) sector.
The first MoU, signed with Schlumberger WTA (Malaysia) Sdn Bhd (SLB), focuses on enhancing technical capabilities in artificial intelligence (AI), machine learning (ML), and generative AI technologies.
This partnership “aims to integrate cutting-edge, AI-driven solutions into MPM’s data platform, revolutionizing the management and interpretation of subsurface data,” Petronas said in a news release. The collaboration will support Malaysia’s offshore operations, delivering enhanced value to emerging Petroleum Arrangement Contractors (PACs).
The second MoU, signed with Velesto Drilling Sdn Bhd and NOV Inc, establishes a framework to deploy NOV’s drilling automation system and robotics technology on Velesto-operated rigs. The collaboration seeks to optimize drilling operations in Malaysia by improving operational efficiency, lowering costs and supporting Petronas’ sustainability initiatives.
Additionally, the partnership aims to drive technology adoption, promoting innovative solutions across Malaysia’s upstream sector, according to the release.
MPM Senior Vice President Datuk Ir. Bacho Pilong said, “These strategic collaborations with SLB, Velesto and NOV signify a leap forward for MPM and Malaysia’s E&P sector. By embracing digital transformation, we are not only enhancing operational efficiency but also paving the way for next-generation data solutions that bring substantial value to our PACs, especially emerging players and new investors. Through these partnerships, we build a strong ecosystem to enable access to our PACs. The discussion to pilot the SLB’s data and AI platform has already generated strong interest among our Small Field Asset (SFA) and Late Life Asset (LLA) PACs”.
Further, Petronas, also through MPM, has partnered with Earth Science Analytics (ESA) and Amazon Web Services (AWS) to leverage advanced AI and ML technologies in accelerating exploration efforts in the Malay Basin.
The partnership also aims to enhance the data capabilities of the Petronas myPROdata platform, a web-based platform that provides subscribers access to Malaysia’s E&P data, according to a separate news release.
MPM will be partnering with ESA to explore cutting-edge AI and ML geoscience technology. The initiative will focus on developing AI-driven subsurface workflows using ESA’s EarthNET platform and Petronas myPROdata to boost subsurface data analytics and interpretation, leading to optimization of hydrocarbon exploration in the mature Malay Basin, offshore Peninsular Malaysia.
The collaboration with AWS aims to enhance Petronas myPRODATA platform through AI and data analytics. AWS will work with Petronas to implement advanced AI and ML functionalities, improving user experience and streamlining data management processes.
Pilong said, “These collaborations are pivotal in reinforcing Petronas’ commitment to innovation as we gear up for Malaysia Bid Round (MBR) 2025. By leveraging advanced AI and ML capabilities, we aim to empower our investors and Petroleum Arrangement Contractors (PACs) with richer data insights and more streamlined processes, driving smarter decision-making and ensuring a more efficient, impactful bid round for all participants”.
The MBR is an annual licensing round offering diverse upstream opportunities to potential investors. It includes exploration acreages, Discovered Resource Opportunities and late life producing assets across Malaysia.
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