Malaysia planning next licensing round 'in early 2025'

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Click on the top to follow us Malaysian energy behemoth Petronas through Malaysia Petroleum Management (MPM) is gearing up for the nation’s next licensing round, which is scheduled to be opened in early 2025 in the capital city, Kuala Lumpur. MPM has teamed up with Earth Science Analytics (ESA) and Amazon Web Services (AWS) to leverage on advanced artificial intelligence (AI) and machine learning (ML) technologies to accelerate exploration efforts in the Malay basin and enhance the data capabilities of Petronas’ myPROdata platform. This web-based platform provides subscribers access to Malaysia’s upstream data. MPM will be partnering with ESA to explore cutting-edge AI and ML geoscience technology, with the initiative focusing on developing AI-driven subsurface workflows using ESA’s EarthNET platform and Petronas’ myPROdata to boost subsurface data analytics and interpretation, leading to the optimisation of hydrocarbon exploration in the mature Malay basin, offshore Peninsul ………………………………