Petronas Unveils Enhanced Self-regulatory Framework To Boost Offshore Safety

KUALA LUMPUR, Jan 22 (Bernama) -- 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 today.

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 (DOSH) and the Malaysia Marine Department (MMD) as well as petroleum arrangement contractors (PACs).

According to Petronas, the initiative aligns with Malaysia’s long-term vision of remaining a trusted global energy partner and supports Petronas’ aspiration to become an integrated energy company serving the world’s energy and solutions needs safely, reliably and sustainably by 2035.

MPM senior vice president Datuk Ir Bacho Pilong said the introduction of OSRMS 2.0 and GOFF 2.0 reflects the shared commitment to safety and integrity for offshore facilities.

“For more than a decade, the success of the OSR scheme has been driven by unwavering dedication and close collaboration between Petronas, DOSH, MMD, PACs and our industry partners.

“Through partnership and perseverance, we have built a foundation of trust, transparency and accountability that will shape Malaysia’s offshore safety landscape for generations to come,” he said.

According to the statement, the collaboration between Petronas, DOSH and MMD aims to enhance regulatory efficiency and industry self-governance and additionally supports Malaysia’s energy transition goals by ensuring stronger energy security, modernised regulatory oversight, and improved HSE standards.

-- BERNAMA