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Kuala Lumpur, 25 September 2018 – PETRONAS will jointly develop a new technology with TiME Marine Services Sdn Bhd, winner of the third PETRONAS Technology Challenge, to find innovative and economic solutions in sludge treatment to recover hydrocarbon onshore.
The announcement of the winner was held today, during the 4th Malaysia Oil & Gas Services Exhibition and Conference (MOGSEC 2018) at the Kuala Lumpur Convention Centre.
TiME Marine Services’ winning technology proposal features the application of non-toxic and environment-friendly nanotechnology chemicals, capable of liquefying sludge and heavy wax. The nanoparticles will separate the emulsions into oil and water, which allows for an optimised recovery of hydrocarbon, and at the same time, clean the discharged effluents to meet environmental quality standards.
The solution offers a cost-effective treatment of sludge from the crude oil and petroleum product tanks to generate additional value creation from the recovered hydrocarbon. The technology will also bring benefits to PETRONAS by introducing better Health, Safety & Environment (HSE) standards for operation, as well as reducing Unplanned Loss Profit Opportunity (ULPO).
As part of the programme, PETRONAS will provide TiME Marine Services the platform to apply the winning technology at PETRONAS’ assets, as well as proprietary information to jointly develop and commercialise the technology.
PETRONAS also launched two new Technology Challenges at the event, on effective tool managing Corrosion Under Insulation (CUI) and total technical solution of chloride-induced corrosion.
The PETRONAS Technology Challenge is a unique opportunity provided by PETRONAS to seek innovative solutions for the oil and gas industry’s complex business challenges, via an open crowdsourcing platform.
Issued by
Media Engagement Department
Group Strategic Communications
PETRONAS
About PETRONAS
Established in 1974, Petroliam Nasional Berhad (PETRONAS) is Malaysia’s fully integrated oil and gas multinational ranked among the largest corporations on FORTUNE Global 500®. As the custodian for Malaysia’s national oil and gas resources, we explore, produce and deliver energy to meet society’s growing needs. The growing demand for energy inspires and strengthens our purpose to steadily drive for new solutions and push boundaries towards a sustainable energy future.
About TiME Marine Services Sdn Bhd
TiME MARINE Services Sdn Bhd was incorporated in Malaysia in 2011 to initially focus on offshore support vessel chartering. As time passes, we expanded our business and transformed into a multi-services company for the oil and gas industry. We are proud to serve the marine, offshore, oil and gas industry with our experienced and expert workforce.
