STEAR is said to play a significant role in supporting offshore exploration, production and development, and contributes to the lowering of carbon emissions resulting from logistics operations
Malaysian oil and gas company Petronas has announced a collaboration with Accenture and Amazon Web Services (AWS) to examine the global commercialisation opportunities for STEAR, a cloud-based logistics solution and services platform.
STEAR was developed in 2021 by Petronas in association with Accenture.
Petronas project delivery and technology senior vice president Datuk Bacho Pilong said: “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 reduce carbon emissions of the broader industry and we can do more by scaling it to onshore logistics optimisation.”
The logistics solution and services platform is designed to streamline the logistics operations as well as costs of offshore vessels. To achieve this, STEAR is said to employ key technologies like fuel management, intelligent routing, and vessel scheduling with voyage tracking and monitoring in almost real-time.
According to Petronas, the platform plays a significant role in supporting offshore exploration, development, and production. It also contributes to the lowering of carbon emissions resulting from logistics operations, said the Malaysian energy company.
AWS is now partnering with Petronas and Accenture to help scale and commercialise the STEAR platform.
AWS ASEAN managing director 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.”