PETRONAS, Accenture, Amazon Web Services to Develop Logistics Platform
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 agreement was formalised on the sidelines of the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) 2022 today.
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 to reduce carbon emissions.
Datuk Bacho Pilong, PETRONAS Senior Vice President of Project Delivery and Technology, commented: “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."
While Valentin De Miguel, Accenture’s Senior Managing Director and Strategy & Consulting lead for Growth Markets, 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.”
Conor McNamara, Managing Director, ASEAN, Amazon Web Services, added: “By leveraging AWS’s Artificial Intelligence, Machine Learning, and Internet of Things offerings, STEAR delivers a change in the efficiency and sustainability to both PETRONAS and the broader logistics industry."