Petronas, Accenture and Amazon Web Services (AWS) are collaborating to evaluate commercialization opportunities globally for the cloud-based logistics solution and services platform STEAR.
Petronas said in a statement, STEAR is developed by Petronas in partnership with Accenture in 2021, and is designed to optimize 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.
According to the statement, AWS is joining the team to help scale and commercialize STEAR, which plays a key role in supporting offshore exploration, production and development, while helping to reduce carbon emissions associated logistics operations.
“Petronas has been using the STEAR platform since 2021, and it has proven to significantly optimize operational costs, while reducing carbon emissions by 15 percent,” said Petronas Senior Vice President of Project Delivery and Technology Bacho Pilong.
“With our proven success and increased interest amongst industry players for a solution like this, our collaboration to explore the commercialization of STEAR is timely,
“In fact, STEAR can also reduce carbon emissions of the broader industry and we can do more by scaling it to onshore logistics optimization,” he said.
Accenture’s Senior Managing Director and Strategy & Consulting lead for Growth Markets Valentin De Miguel said building on its 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,” he said.
AWS ASEAN Managing Director Conor McNamara said, building on their long-term relationship, the firm is excited to collaborate with Accenture to support Petronas in the transformation of their operations, and in co-developing commercialization opportunities for STEAR.
“By leveraging AWS’s differentiated artificial intelligence, machine learning, and internet of things offerings, STEAR will deliver a step change in the efficiency, sustainability, and cost-effectiveness to both Petronas and the broader logistics industry, delivering immediate value to customers, partners, and the environment,” he said.
Petronas is a Malaysia-based energy group with a presence in over 50 countries. It produces and delivers energy and solutions.
Accenture is a global professional services company with leading capabilities in digital, cloud, and security.
Combining unmatched experience and specialized skills across more than 40 industries, the firm offers strategy and consulting, technology, and operations services.
AWS is a cloud offering firm that has been continually expanding its services to support virtually any cloud workload.
The firm now has more than 200 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 84 availability zones within 26 geographic regions, with announced plans for 24 more availability zones and eight more AWS regions in Australia, Canada, India, Israel, New Zealand, Spain, Switzerland, and the United Arab Emirates.
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