KUALA LUMPUR (May 14): Petroliam Nasional Bhd has announced a collaboration with IT services consulting and business solutions group Tata Consultancy Services (TCS) for an oil and gas downstream data platform.

Dubbed Project DOVE (Drive Optimisation Value for Enterprise), the platform is co-designed by TCS.

It endeavours to elevate data transparency, increase personal accountability and promote enterprise collaboration through advancing digital competencies and tools within Petronas, the two partners said in a joint statement today.

This is done by tapping into information from its downstream operating companies as well as updated competitor and market information, creating a data pool for real-time intelligence, the statement said.

"At Petronas, digital strategy has now become the blueprint of our business strategy and has accelerated new ways of working,” said Petronas executive vice president and chief executive officer, downstream, Datuk Md Arif Mahmood..

“Through DOVE, we are able to unlock new value for downstream by venturing into other segments of the value chain, driving focus towards untapped opportunities for the business.

“Digital, coupled with innovation, has become key to driving business and delivering value to the company and our customers," Md Arif said.

TCS Asia Pacific president Girish Ramachandran meanwhile welcomed the partnership to transform Petronas’ operations to better serve their customers.

“With our contextual and industry knowledge of the oil and gas industry combined with our intellectual property and innovation efforts, we help enterprises better compete, operate, and grow in today's dynamic business environment,” Girish said.

Moving forward, DOVE will continue to elevate the impact of its digital transformation efforts across the wider enterprise through integration with similar initiatives across the organisation, thereby achieving a more sustainable transformation.