Petronas, Accenture and Amazon Web Services (AWS) are collaborating to evaluate commercialisation opportunities globally for the cloud-based logistics solution and services platform Stear.
The arrangement was formalised on the sidelines of the Abu Dhabi International Petroleum Exhibition & Conference (Adipec) 2022, taking place from October 31 to November 3.
Developed by Petronas in partnership with Accenture in 2021, Stear is designed to optimise the logistics operations and costs of offshore vessels using key technologies such as fuel management, intelligent routing and scheduling of vessels with near real-time voyage tracking and monitoring. AWS is joining the team to help scale and commercialise Stear, which plays a key role in supporting offshore exploration, production and development, while helping logistics operations reduce carbon emissions.
“Petronas has been using the Stear platform since 2021, and it has proven to significantly optimise operational costs, while reducing carbon emissions by 15%. With our proven success and increased interest amongst industry players for a solution like this, our collaboration to explore the commercialisation of Stear is timely. In fact, Stear can also support the broader industry reduce carbon emissions and we can do more by scaling it to onshore logistics optimisation,” said Petronas Senior Vice President of Project Delivery and Technology, Datuk Bacho Pilong.
Accenture’s Senior Managing Director and Strategy & Consulting lead for Growth Markets, Valentin De Miguel said: “Building on our longstanding relationships with both Petronas and AWS, this collaboration promises to deliver significant benefits to the industry. Not only has Stear helped Petronas lower vessel’s fuel consumption, it also reduced cargo transfer time through more accurate planning and scheduling, while recording and resolving schedule deviations faster.”
Managing Director, Asean, AWS, Conor McNamara said: “Building on our long-term relationship, we’re excited to collaborate with Accenture to support Petronas in the transformation of their operations, and in co-developing commercialisation opportunities for Stear. By leveraging AWS’s differentiated Artificial Intelligence, Machine Learning, and Internet of Things offerings, Stear will deliver a step change in the efficiency, sustainability and cost effectiveness to both Petronas and the broader logistics industry, delivering immediate value to customers, partners, and the environment.”-- TradeArabia News Service