Tuesday, July 12, 2011

Optimising Technology For Sustainable Growth
PETRONAS' Research and Technology (R&T) initiatives are aimed at harnessing new and improved technology that will add value to our business, enhance our competitive advantage, and sustain operational excellence.


E&P Business
Focusing on three niche areas covering geoscience, subsurface and surface technologies, the application of technology in our upstream activities has enhanced our hydrocarbon reserves and production. We have recorded significant successes in the employment of self-installed relocatable technology, namely our Mobile Offshore Production Unit installation in the landlocked Caspian Sea in Turkmenistan and the commissioning of the Kikeh Floating, Production, Storage and Off-loading (FPSO) vessel - Malaysia's and Asia's first deepwater FPSO, at a location with a water depth of 1,330 meters of water. Some technological efforts that have facilitated our reserve development include the MegaMerge survey methods to aid identification of new exploration opportunities, Offshore Self Elevating Unit to enable more cost-efficient exploration drilling, and dynamic annular pressure control system to facilitate drilling.

Oil Business
In the Oil Business, we continue to pursue leading edge technologies to enhance our lubricants and fuels businesses. Our unleaded petrol, PRIMAX 3, was developed in-house utilising a superior quality fuel formulation innovated by optimising base fuel properties through the addition of the Sinar G-05 additive. The fuel enhances engine performance and efficiency, while meeting environmental standards. We have also successfully developed premium quality automotive fully-synthetic lubricants (Syntium and Sprinta) through research and development and through our involvement in motorsports. This achievement, coupled with our R&D of Group III base oil for use in our top-tier lubricants have created a strong competitive edge for PETRONAS to strengthen its global business position.

Gas Business
In the Gas Business, our technology emphasis is on mercury management. Our initiatives to remove mercury from raw condensates led to the installation of the onshore mercury removal system – a technology that is among the first in the world – at PETRONAS’ Onshore Gas Terminal in Kertih. The system treats raw condensates at the terminal, improving operational and Health, Safety and Environment (HSE) performance as well as assuring product quality.

Petrochemical Business
Our R&T efforts also involve research into frontier and key technologies to enhance the performance of our Petrochemical Business. The ECOPLUS™ 105 developed by the research team at the PETRONAS Research Sdn Bhd and PETRONAS Polymer Technology Centre is an innovation on conventional degradable plastic manufacturing with ready-to-use resins. The creation of ECOPLUS™ 105 has also sparked further research into the creation of new degradable plastics for other uses.


New Energy Sources and Bio-friendly Solutions
We also believe there are opportunities in new energy resources and continue to explore the potential of unconventional hydrocarbon resources as well as bio-fuels and solar energy. In building a long term sustainable energy business, we look toward Green Technologies to prepare us for the low carbon economy of the future.

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