Amid the rising tide of digitalization and deployment of robotics and artificial intelligence capabilities across industries, companies are adapting to the revolutionary changes by upskilling their workforce in an effort to minimize job losses and prepare their organizations for the future.
A recent study by PricewaterhouseCoopers suggests that specialist jobs will be highly prized as companies embrace digitalization to boost productivity and decrease workforce size. While jobs won’t be insulated from redundancies resulting from technological advancements, organizations do have a responsibility to train their people to adapt to the new normal.
Anticipating this, PETRONAS has been building an agile, innovative, and resilient workforce. This will enable the company to fully realize its potential as a progressive energy and solutions partner, with a vision for a sustainable future.
Knowledge is Power
PETRONAS’ commitment to its workforce stems from over two decades of dedication towards sustainability. It has been developing and investing in talent to create a highly knowledgeable and skilled workforce to support growth and drive Malaysia’s energy industry forward.
With this in mind, PETRONAS has established Institut Teknologi Petroleum PETRONAS, Universiti Teknologi PETRONAS (UTP) and Akademi Laut Malaysia. These institutions offer specific expertise to support PETRONAS’ technology and sustainability agenda. For example, PETRONAS has activated 53 projects with UTP geared towards subsurface imaging, unconventional resources, improved oil recovery, carbon dioxide removal technology, and future sensors. All these efforts are aimed at producing excellent technology-driven and economical solutions.
Complementing this is an expanding network of academic collaborations with more than 15 Malaysian universities and 10 foreign tertiary institutions. The deep rooted synergy between the industry and the academe has pushed knowledge and innovation frontiers in the areas of sustainability, while fortifying the capabilities of all involved to thrive amid a challenging era that calls for the rapid transition of the energy industry into net zero emissions.
To support this transition, PETRONAS had established three global technology centers: the PETRONAS Technology Center at UTP, Malaysia; the PETRONAS Center for Engineering of Multiphase Systems at Imperial College London; and the PETRONAS Center of Excellence in Subsurface Engineering and Energy Transition at the Institute of GeoEnergy Engineering at Heriot-Watt University in the U.K.
Diversity and Inclusion
While enhancing the knowledge of its employees, PETRONAS also cultivates a sustainability agenda that’s focused on providing a safe workplace so that all employees can thrive in a culture that embraces diversity and inclusion.
Stephanie Travers is one such employee who thrives in PETRONAS’ culture of diversity and inclusion. A native of Zimbabwe, Travers made history when she was appointed as one of the first female trackside fluid engineers for the PETRONAS Formula One Team in 2019, having competed against more than 7,000 applicants.
PETRONAS ensures diversity and inclusion in the workplace through a range of policies from flexible working arrangements, workplace redesign, unpaid study leaves, extended maternity leaves, returnee programs, and improved medical benefits.
Charting the Future
With rapid changes brought on by the Covid-19 pandemic, PETRONAS has dynamically shifted its business to adapt to the new environment. It has successfully developed, retained, re-skilled and managed its talents to gear up for PETRONAS’ future growth.
Through these efforts, PETRONAS is adjusting to the new normal of working while deploying new processes to empower and train talents to deliver excellence in a highly volatile business environment.