PETRONAS Signs Iraya Energies Deal to Put Agentic AI Into myPROdata Platform
PETRONAS has signed an agreement with Iraya Energies to integrate agentic artificial intelligence into its myPROdata platform, with the aim of speeding up evaluation of Malaysia's upstream opportunities and investment decisions, according to World Oil. The state company signed through Malaysia Petroleum Management (MPM).
World Oil reported that PETRONAS is seeking approximately RM50 billion to RM60 billion in annual upstream investment.
PETRONAS also wants to cut the time from discovery to first hydrocarbons from 100 months to 50 months, World Oil reported.
Iraya Energies will act as consortium lead integrator under the agreement, setting the technical, commercial and security framework for the AI capabilities and for the wider rollout of the program, according to World Oil.
The agentic AI capabilities go into the existing myPROdata platform rather than a separate system, and PETRONAS is deploying them to move faster on evaluating upstream opportunities.
Source: worldoil.com (opens in a new tab)1 sourcePermalink