Petronas, through its Malaysia Petroleum Management arm, signed an agreement with Iraya Energies Sdn Bhd on September 4, 2026 to integrate agentic AI capabilities into its myPROdata upstream data platform. The upgrade is intended to help investors evaluate Malaysia’s exploration and production opportunities more efficiently as the national oil company pursues a target of RM50 billion to RM60 billion in annual upstream investment.
Key Facts At A Glance
- Agreement signed September 4, 2026 between Malaysia Petroleum Management and Iraya Energies Sdn Bhd
- Petronas myPROdata is a web-based platform providing access to subsurface and surface data on exploration blocks, discovered resource opportunities, and producing fields in Malaysia
- The enhanced platform will combine geological, geophysical, and engineering data with agentic AI capable of autonomously analyzing multiple data sources
- Iraya Energies will serve as consortium lead integrator, establishing the technical, commercial, and security framework for the rollout
- Petronas is targeting approximately RM50 billion to RM60 billion in annual upstream investment
- The company aims to reduce the time from discovery to first hydrocarbons from 100 months to 50 months
Petronas, through Malaysia Petroleum Management, known as MPM, announced the agreement with Iraya Energies to enhance its myPROdata platform with agentic AI capabilities. The upgraded system is designed to combine geological, geophysical, engineering and other upstream data with AI that can autonomously analyze and connect multiple data sources, allowing users to navigate complex information and generate insights more efficiently.
MPM senior vice president Datuk Ir. (Dr.) Bacho Pilong said the enhanced platform would help investors navigate and assess Malaysia’s upstream opportunities with greater speed and confidence. Pilong said bringing together trusted data with AI-powered intelligence was intended to enable faster, more informed investment decisions supporting the company’s investment ambitions.
Under the agreement, Iraya Energies will act as consortium lead integrator, responsible for establishing the technical, commercial and security foundations for the AI capabilities and their broader rollout across the platform. The enhanced system is also expected to support end-to-end evaluations, from identifying prospective areas and assessing resources to evaluating development opportunities and their commercial viability.
Petronas said the initiative forms part of MPM’s role in strengthening Malaysia’s upstream investment ecosystem while supporting continued development of the country’s hydrocarbon resources. The move builds on earlier steps in Petronas’ digital strategy, including a series of memoranda of understanding signed at the ADIPEC 2025 conference covering AI integration and high-performance computing in the upstream sector with partners including SLB, ConocoPhillips, Microsoft, and Shell.