PETRONAS said the enhanced framework will enable it to manage and oversee the safety, integrity and reliability of offshore assets in Malaysian waters. — Reuters
KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS), through Malaysia Petroleum Management (MPM), has unveiled the Offshore Self-Regulation Management System (OSRMS) 2.0 and the Guideline for Offshore Floating Facilities (GOFF) 2.0 to enable self-regulation of offshore facilities.
PETRONAS said the enhanced framework will enable it to manage and oversee the safety, integrity and reliability of offshore assets in Malaysian waters in accordance with the Occupational Safety and Health (Exemption for Plant Requiring Certificate of Fitness at the Place of Work of Petronas Within Maritime Zones) Order 2024 [P.U.(A) 292].
“These include new requirements that set updated standards for asset safety, integrity and compliance across PETRONAS’ facilities within the maritime zones,” the oil and gas company said in a statement.
PETRONAS said OSRMS 2.0 and GOFF 2.0 provide greater operational flexibility and efficiency in managing offshore assets, strengthen its reputation as a trusted regulator, and reduce the risk of major incidents, thereby ensuring business continuity and cost-competitive operations.
It added that the advancements mark a significant step forward in strengthening Malaysia’s offshore safety landscape, reflecting the industry’s continued focus on strong governance and continuous improvement across offshore operations.
The launch of the management system and guideline reflects the collective efforts of PETRONAS and government agencies, including the Department of Occupational Safety and Health or DOSH and the Malaysia Marine Department as well as petroleum arrangement contractors.
According to PETRONAS, the initiative aligns with Malaysia’s long-term vision of remaining a trusted global energy partner. — Bernama
