DRIVING EXCELLENCE THROUGH THE SPIRIT OF INNOVATION

By

Hyma Pillay

29th Nov 2014

3 min read

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LDR-PDF-download-110x110IN PETRONAS, we challenge every individual to be innovative within their respective spheres of influence.

As we pursue the search for hydrocarbon resources and ways to deliver value, we continue to be challenged in achieving business efficiency and operational excellence. These efforts require skills and competencies which include ingenuity, creativity and resourcefulness to navigate the tough environments we are thrust into to maintain operational excellence, remain profitable and more importantly, be sustainable.
As such, PETRONAS encourages innovation in core areas of work, and provides many opportunities to inculcate an inventive mindset through various internal and external platforms across the Company. These platforms are primarily PETRONAS’ learning institutions such as Universiti Teknologi PETRONAS (UTP), INSTEP Integrated Oil and Gas Training Centre, Malaysian Maritime Academy (ALAM) and PETRONAS Leadership Centre (PLC).

For in-depth core work areas, we leverage on our Upstream Centre of Excellence and state-of-the-art laboratory at PETRONAS Research Sdn Bhd; pioneering Fluid Technology Solutions used by the leading F1 team; our technology partnerships with global leading edge companies such as GE, Schlumberger and Halliburton; PETRONAS’ hands-on bold ventures into deep-water, Enhanced Oil Recovery, High Pressure High Temperature; and unchartered unconventionals such as the first-of-its-kind Floating LNG facilities, shale and coal-seam-gas.

Innovation also transcends other aspects of our business such as in finance and contract solutions (where Risk Service Contracts were introduced as an enhancement from the conventional Production Sharing Contracts; dual and triple Front End Engineering Design (FEED) competitions), integrated business operations and human resource management.

INNOVATIVE TALENT MANAGEMENT

At PETRONAS, we believe in nurturing our talents and stretching their abilities, to create leaders who are competent and ready to take on challenges faced.

The company offers an Employment Value Proposition (EVP) that enables our people to experience the fundamental principles of Trust, Grow and Reward, and they are empowered to motivate their respective teams similarly. The EVP complements our Shared Values of Loyalty, Integrity, Professionalism and Cohesiveness, which are the core tenets of our people.

Our people are developed on their functional capability through an Accelerated Development Programme where the targeted timeframe to reach autonomy is between five to seven years. Benefits from the programme have been proven based on exposure, experience and knowledge gained, and recognised through awards for innovation granted by external bodies.

The Employee Performance Management (EPM) is a key driver that rewards individuals based on performance, which includes innovation, leadership and contributions to people development.
The spirit of innovation has formed part of PETRONAS’ clarion call since its inception and is reflected in the corporate positioning of reimagining energy™ of always pushing boundaries and doing things differently.

ACCOLADES

The following accolades are a testament to PETRONAS’ solid reputation as an employer of choice:
l Voted Malaysia’s Most Popular Graduate Employer in the Energy/Oil & Gas/Utilities sector for three consecutive years in 2012, 2013 and 2014 by Malaysia’s 100 Leading Graduate Employers Awards.
l Ranked fifth in Asia’s Best Companies for Leadership by Hay Group in 2013.
l Voted Malaysia’s TOP 10 Most Preferred Employer by GRADUAN in 2013.
l Voted Best Employer in the Oil & Gas Sector for the GRADUAN Brand Awards 2013.
l Ranked Malaysia’s Top 1 IDEAL Employer by Universum for 2014.
l Won Asia’s Best Employer Brand Awards in 2014.
l UTP receives World Class Rating by Quacquarelli Symonds and it is the first private university in Malaysia to do so.
l UTP’s Centre for Intelligent Signal and Imaging Research (CISIR) recognised by the Ministry of Education as a National Higher Institution Centre of Excellence (HICoE).
l INSTEP wins Offshore Petroleum Industry Training Organization (OPITO) Chairman’s Award for improving safety and competency in the oil and gas industry.

 

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To know more about career opportunities in PETRONAS, visit www.discoverpetronas.com

About PETRONAS

Petroliam Nasional Berhad (PETRONAS) is Malaysia’s fully integrated oil and gas multinational ranked 69th in the latest FORTUNE Global 500® list. Operating its core business in the Upstream and Downstream sectors, PETRONAS has a presence in more than 60 countries since it was first incorporated in 1974.

PETRONAS is among the top five oil and gas companies (in terms of production) and the most profitable company in Asia.

With a proven track record in integrated oil and gas operations spanning the entire hydrocarbon value chain, PETRONAS is steadily driving new solutions and pushing boundaries to develop and add value to oil and gas resources in a manner that carefully balances commercial, environmental and social considerations.

www.petronas.com

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