Digitalization through Automated Prospect Ranking Evaluation of NFED to Improve Business Decision Process

Near Field Exploration and Development (NFED) is a part of the ongoing effort to ensure the successful achievement of PETRONAS Upstream 2030 Blueprint, where the intent is to provide focus on monetizing prospects and leads (2U: Undiscovered Resources) within 20 km radius from existing hubs across offshore Malaysia.

Currently, there are no establish processes that provide a comprehensive review into the viability of monetization of exploration candidates within 20 km radius, meanwhile there are circa thousand prospects and leads included discovered resources (2C) lied across offshore Malaysia and all those data have been scattered randomly. The challenges for NFED team is how to manage more than 600 2U within 20 km and 400 2C for both oil and gas molecules that has been registered, there is no standardize and integrated screening evaluation tools to deal with currently.

To addresses these challenges, new application tool as part of digitalization effort should be developed and established to deal with big information data and standardize screening and evaluation process workflow by accommodating and catering the diversity and uniqueness of each resources. The new application tool shall be functioned as Dashboard, Database and have the ability for data processing capability.