Schlumberger and PETRONAS recently signed a memorandum of understanding that formalizes the parties’ collaboration, leveraging Schlumberger’s domain expertise and technology solutions.

“This strategic partnership will further leverage digital capabilities while supporting the decarbonization of PETRONAS’ operations, through industry-leading technologies enabled by fit-for-basin digital solutions,” said President of Asia Basin, Schlumberger, Amy Chua. “We are fully committed to exploring joint technology development projects that deliver performance sustainably to PETRONAS.”

The collaboration will include key sustainability initiatives such as the setup of a Carbon Capture and Storage (CCS) Centre of Excellence, encompassing a cloud-based data repository for carbon storage, CO2 separation technologies, a competency development program, and emissions management.

The parties will also continue to focus on delivering operational excellence through digital transformation initiatives such as connecting facilities via internet of things (IoT) edge technologies, and building digital twins.