Malaysia’s national energy giant, Petronas, is setting up an Artificial Intelligence Center of Excellence (AI CoE) in the capital Kuala Lumpur to accelerate the advancement of AI solutions that support energy supply, l operational efficiency and sustainability, through collaboration with a network of global partners.
The first round of collaborations involving Baker Hughes, Boston Consulting Group (BCG) and Microsoft was formalized recently via three memorandums of understanding signed at Adipec 2022.
Through the AI CoE, Petronas said it will work with the partners to innovate, develop and eventually commercialize AI solutions by leveraging each other’s technologies, expertise and experience.
The company added that this is a step forward in its ongoing journey of promoting the use of AI to improve the efficiency, reliability and safety of its energy value chain.
The complex challenges of the energy transition
U.S. contractor Baker Hughes said that by applying their combined strengths, the two companies aim to develop capabilities that will help optimize Petronas assets, business processes and business operations through improved availability, increased operational flexibility , capital planning and energy efficiency management.
“The complex challenges of the energy transition require new forms of collaboration. Digital technologies will be an important part of the answer to improve the efficiency, safety and performance of industrial assets,” said Judit Prieto, Vice President of Industrial Asset Management at Baker Hughes.
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“This collaboration with Petronas marks a step forward in our growth strategy to provide differentiated solutions for industrial assets.”
Commenting on the collaboration, Petronas Chief Digital Officer Aadrin Azly said, “With the culmination of this collaboration and our other collaborations, we are excited to achieve greater achievements in our AI journey as we unite our strengths to understand customer needs and uncover meaningful results in key areas. such as operational resilience, human security and energy sustainability.
“The AI CoE will leverage the diverse expertise of our internal resources and other industry players to develop an ecosystem that both accelerates value creation and cultivates AI talent,” he said. -he adds.
AI will revolutionize the energy sector this decade, according to BCG chief executive Jaime Ruiz-Cabrero.
“This partnership will bring together BCG Gamma’s deep expertise in AI with Petronas’ deep experience in applying AI use cases in the energy value chain. Together, we will accelerate the use of AI to unlock significant value for Petronas, the energy sector and Malaysia. This is an important step for Malaysia to establish itself as a hub for the region’s top AI talent,” said Ruiz-Cabrero.
Microsoft Malaysia Managing Director K Raman added that research has shown that AI could potentially create up to 6 million new jobs in Malaysia by 2030, presenting a need to nurture and equip Malaysian talent with future-ready AI skills.
“As a technology partner of the AI CoE, we believe its creation has the power to drive innovation and accelerate value creation not just within Petronas, but for the entire energy industry. “