AVEVA and PETRONAS partner for digital value chain
Company News

AVEVA and PETRONAS partner for digital value chain

Petroliam Nasional Berhad (PETRONAS), Malaysia’s oil and gas multinational, has partnered with AVEVA , with the aim to provide a modern enterprise solution that promotes integration across the entire value chain.

PETRONAS selected AVEVA unified supply chain in the cloud to enable simplified business processes and deeper collaboration, while reducing value leaks and sustaining productivity. AVEVA’s solution uses enterprise crude knowledge management, to drive value chain optimisation for the oil and gas industry.

The AVEVA solution will provide easy data management to deliver a single source of crude oil information that is easily shared across different teams and locations. The modern and intuitive software will eliminate the requirement for specific coding, drastically reducing the learning curve delivering high-performance computing and advanced data processing that will enable PETRONAS to run complex planning models at speed using the latest cloud technology, the company said.

The technology also aims to ensure the resulting production plan matches the real plant optimisation and reduces the gap between planning and scheduling, as well as actual refinery operations.

Petroliam Nasional Berhad (PETRONAS) is an energy and solutions company. AVEVA is an engineering, planning and operations, asset performance, monitoring and control solutions company.

Written from a company news release.

Image: AVEVA’S spiral unified supply chain 

Petroliam Nasional Berhad (PETRONAS), Malaysia’s oil and gas multinational, has partnered with AVEVA , with the aim to provide a modern enterprise solution that promotes integration across the entire value chain. PETRONAS selected AVEVA unified supply chain in the cloud to enable simplified business processes and deeper collaboration, while reducing value leaks and sustaining productivity. AVEVA’s solution uses enterprise crude knowledge management, to drive value chain optimisation for the oil and gas industry. The AVEVA solution will provide easy data management to deliver a single source of crude oil information that is easily shared across different teams and locations. The modern and intuitive software will eliminate the requirement for specific coding, drastically reducing the learning curve delivering high-performance computing and advanced data processing that will enable PETRONAS to run complex planning models at speed using the latest cloud technology, the company said. The technology also aims to ensure the resulting production plan matches the real plant optimisation and reduces the gap between planning and scheduling, as well as actual refinery operations. Petroliam Nasional Berhad (PETRONAS) is an energy and solutions company. AVEVA is an engineering, planning and operations, asset performance, monitoring and control solutions company. Written from a company news release.Image: AVEVA’S spiral unified supply chain 

Next Story
Infrastructure Urban

What Industry Wants!

The construction industry is gearing up for Budget 2025 with high expectations. As one of India’s key economic drivers, the sector is eagerly anticipating reforms and policies to address pressing challenges such as high input costs, funding gaps, and sustainability demands. Industry leaders across real estate, infrastructure, construction materials, and logistics have shared their wishlists, urging the government to focus on GST rationalization, increased CAPEX, and green initiatives.This year’s budget presents an opportunity for the government to not only tackle existing bottlenecks but a..

Next Story
Infrastructure Urban

Messe Stuttgart, Startup India Tie-Up to Boost Funding

The logistics market in India is poised for significant growth, with a projected revenue of $357.3 billion by 2030. Despite this huge potential, a recent McKinsey & Company report highlights the decline in logistics funding following the pandemic that remains a significant concern. After receiving unprecedented funding of $25.6 billion in 2021, venture capital investment in logistics startups fell sharply to $2.9 billion in 2023—a nearly 90 per cent decrease, marking the lowest since 2015. This pullback from investors is attributed to several factors, including high interest rates, a glo..

Next Story
Infrastructure Transport

JK Tyre Strengthens Road Safety Commitment

Reinforcing its unwavering commitment to road safety, JK Tyre & Industries, a leader in the tyre manufacturing industry, partnered with the Delhi Traffic Police to organise a comprehensive Road Safety Awareness Week. This initiative, held as part of National Road Safety Month (January 1–31, 2025) spearheaded by the Ministry of Road Transport and Highways (MoRTH), aimed to foster responsible driving habits and reduce road accidents. Under the theme ‘Sadak Suraksha Jeevan Raksha,’ the initiative commenced on January 16, 2025, at the Delhi Police Traffic Training Park, BKS. The program feat..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000