RE­DEFIN­ING IN­NO­VA­TION IN EN­ERGY TECH­NOL­OGY

A glob­ally renowned oil and gas player, Malaysia’s PETRONAS pur­sues in­no­va­tion and tech­nol­ogy to add value.

Bloomberg Businessweek (Asia) - - INDEX - www.petronas.com

Within just four decades, Petro­liam Na­sional Ber­had or PETRONAS - has grown from be­ing a Malaysian oil and gas op­er­a­tor to a firm that fuses the sen­si­tiv­ity of a national oil company with the mind­set, so­phis­ti­ca­tion and com­pet­i­tive­ness of an in­te­grated oil ma­jor. PETRONAS tech­nol­ogy cov­ers all stages of the oil and gas value chain. These in­clude tech­nolo­gies in the up­stream seg­ment like En­hanced Oil Re­cov­ery (EOR), which ex­pands the life­span of oil fields. Down­stream so­lu­tions in­clude ad­vance­ments in the ar­eas of con­tam­i­nants re­moval and the de­vel­op­ment of non-con­ven­tional car­bon feed­stock as fu­ture re­place­ment for petroleum-based prod­ucts. The firm also de­vel­oped a num­ber of tech­nolo­gies that cross both up­stream and down­stream ac­tiv­i­ties.

Win­ning Tech­nolo­gies

PETRONAS prides it­self on bring­ing the find­ings of high level re­search to consumers in its fu­els and lu­bri­cants busi­nesses. For­mula One has be­come the ul­ti­mate test­ing ground, where the same tech­nol­ogy and ex­per­tise that power the MERCEDES AMG PETRONAS F1 Team are used to enhance PETRONAS prod­ucts for road ve­hi­cles. PETRONAS PRIMAX and SYNTIUM of­fer su­pe­rior per­for­mance and ef­fi­ciency to mo­torists. An­other note­wor­thy pro­ject is the con­struc­tion of the world’s first float­ing liq­ue­fied nat­u­ral gas (FLNG) ves­sel (www.petrona­sof­fi­cial.com/flng) lo­cated off the coast of Sarawak. FLNG fa­cil­i­ties en­able the liq­ue­fac­tion, pro­duc­tion and of­fload­ing of LNG to be car­ried out hun­dreds of kilo­me­tres off­shore above gas fields.

Suf­fi­cient En­ergy Sup­ply

The above tech­nolo­gies are mere ex­am­ples of the in­no­va­tion ex­erted by PETRONAS. Not only do they show­case the firm as a recog­nised tech­nol­ogy owner and so­lu­tions provider, they also re­de­fine the en­ergy in­dus­try by con­tin­u­ing to cre­ate value through its fully in­te­grated busi­ness ap­proach.

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