KUALA LUMPUR — Petronas, Accenture and Amazon Web Services (AWS) are collaborating to evaluate commercialization opportunities globally for the cloud-based logistics solution and services platform STEAR.
Developed by Petronas in partnership with Accenture in 2021, STEAR 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. 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 says the platform has "proven to significantly optimize operational costs, while reducing carbon emissions by 15%" since it began using the platform in 2021.
Valentin De Miguel, Accenture’s senior managing director and strategy and consulting lead for growth markets, said, “Not only has STEAR helped Petronas lower vessel fuel consumption, it also reduced cargo transfer time through more accurate planning and scheduling, while recording and resolving schedule deviations faster.”