- Gobind, a minister of modern, takes note of the ongoing efforts to accede to 5G adoption in businesses.
- 5G-enabled brilliant techniques such as business IoT, uavs, robotics, XR
The oil and gas ( O&, G ) sector plays a vital part in Malaysia’s economy, contributing approximately 20 % to the nation’s gross domestic product ( GDP ), according to the Malaysia Investment Development Authority.
The firm’s habitat comprises more than 3, 500 O&, G firms in Malaysia, including global oil firms, support and service providers, as well as producers.
Even a traditional business like the O& is seeing an increase in online adoption as players use 5G to accede to their electronic change and competitiveness in line with the rising adoption and sophistication of Malaysia’s modern economy.
Gobind Singh Deo, the minister of modern, has urged the O&G sector to raise its game by supporting the use of 5G technology in businesses.
“5G is among the important technology that is gaining significance. The technology, which offers ultra-high rate coupled with low latency connection between power hubs, production sites and vessels, helps to simplify the growing complexity in administrative activities”, Gobind said.
” Increased use of 5G-enabled intelligent systems such as industrial IoT, drones, robotics, extended reality (XR ), and artificial intelligence ( AI ) enhances operational efficiency and safety”.
At a meeting held to officially launch the private 5G system at Bintulu, Sarawak’s Petronas LNG Complex, Gobind said this. Petronas and Telekom Malaysia ( TM) collaborate on the deployment, which is supported by Digital Nasional Bhd ( DNB).
The fresh Bintulu blog is one of four places equipped with the technologies following Petronas ‘ Regasification Terminal Sungai Udang (RGTSU) Melaka’s traditional launch of Malaysia’s first private 5G network for business in 2022.
The event was attended by the Sarawak Deputy Minister of Utilities and Telecommunications, Liwan Lagang, Abang Yusuf Abang Puteh, Senior Vice President, LNG Assets, Gas and Maritime Business, Petronas, Mohamed Syazwan Abdullah@Laga Jenggi, Managing Director and CEO, Petronas Malaysia LNG Group of Companies, Amar Huzaimi Md Deris, TM Group CEO, and DNB Chief Strategy Officer, Ahmad Zaki Zahid.
With a production capacity of 29.8 million tonnes per year, Petronas LNG Complex has the third-largest liquefied natural gas ( LNG ) plant in one location. The 5G network’s deployment is anticipated to increase productivity, operational efficiency, and safety across crucial production processes.
Gobind added that the global O&G sector’s adoption of 5G technology is growing steadily.
” According to a ResearchAndMarkets .com report, while specific adoption rates can vary, the global market for 5G in oil and gas is expected to grow at a compound annual growth rate of nearly 26 % from 2023 to 2030. Energy companies around the world are racing to modernise their operations, and I applaud Petronas, TM and DNB for taking the lead in digitalising Malaysia’s energy sector”.
Gobind added that Malaysia’s digital transformation is dependent on the ongoing efforts to promote 5G adoption in various businesses.
” I’m pleased to see that more and more Malaysian businesses, from large multinational corporations to SMEs, are discovering how 5G can facilitate a variety of digital solutions to improve productivity and improve operational efficiency and safety across critical production processes,” he said.
” We are seeing the development of private 5G networks and use cases undergoing proof-of-concept trials within the manufacturing, transportation and logistics industries, among others. Smart city solutions are also being supported by 5G in towns and municipalities like Putrajaya.
Through collaborations with industry associations like the Federation of Malaysian Manufacturers and international technology and telecommunications companies, DNB, an agency under the Ministry of Digital, continues to actively advocate for the adoption of 5G technology in businesses.
According to him,” these efforts truly align with the MADANI government’s and the Ministry of Digital’s goals of making Malaysia a digital nation.”