KUALA LUMPUR, March 26 – PETRONAS has signed a Memorandum of Understanding (MoU) with Schlumberger WTA (Malaysia) Sdn Bhd (Schlumberger) to jointly explore opportunities in the areas of sustainability, digital and Internet of Things (IoT) technologies as well as research and development (R&D) projects.

Signing the MoU on behalf of PETRONAS was Vice President of Centre of Excellence, Upstream, Chen Kah Seong and Schlumberger was represented by its President of Asia Basin, Amy Chua. The signing ceremony was witnessed by PETRONAS Chief Technology Officer, Dr Nasir Darman and Director of Schlumberger, Zahris Sham Abu Musa. Also present were PETRONAS Executive Vice President and Chief Executive Officer of Upstream, Adif Zulkifli, Senior Vice President of Project Delivery and Technology, Bacho Pilong and Vice President and Chief Sustainability Officer, Charlotte Wolff-Bye; while from Schlumberger were the President of Digital & Integration, Rajeev Sonthalia and Chief Technology Officer, Demosthenis Pafitis, who both attended virtually and present at the event was East Asia Managing Director, Meng Keong Lee.

Under the MoU, PETRONAS and Schlumberger will perform key sustainability initiatives such as the setup of a Carbon Capture and Storage (CCS) Centre of Excellence, encompassing a cloudbased data repository for carbon storage, carbon dioxide (CO2) separation technologies and competency development programme as well as emissions management. This is aligned to PETRONAS’ efforts to establish Malaysia as a leading CCS solutions hub in the region.

Adif said, “PETRONAS and Schlumberger have a long-standing partnership and we look forward to leveraging Schlumberger’s capabilities to develop reliable, safe and ready-to-deploy technologies that reduce the carbon footprint in our Upstream operations, whilst developing the right capability framework as well as efficient data repository. We are confident this collaboration will further inspire more innovative solutions towards managing carbon emissions that support our aspiration to achieve net zero carbon emissions by 2050.”

PETRONAS is also pursuing more zero continuous flaring and venting of hydrocarbons by applying technology that lowers emissions across the value chain. The company is undertaking deliberate steps to build a resilient and sustainable portfolio to support the transition towards lowto-zero carbon energy sources.