Shell Thailand Clinches Regional Award at the Asian Oil & Gas Awards 2024 Setting New Benchmarks in Innovation and Digital Technology in the Energy Industry

The Shell Company of Thailand Limited is solidifying its leadership in the Asian energy sector by winning the Operations and Maintenance Initiative of the Year award at the Asian Oil & Gas Awards 2024. This prestigious accolade highlights Shell’s dedication to enhancing industry standards through digital technology and advanced operational practices, aimed at boosting efficiency, safety, and sustainability.

The Asian Oil & Gas Awards celebrate organisations across Asia’s oil and gas industry that showcase exceptional initiatives and innovations, demonstrating resilience and growth amidst industry challenges. Shell Thailand’s recognition for the Operations and Maintenance Initiative of the Year category highlights its unwavering commitment to technology advancement and operational excellence.

Mr. Kamolpat Baholyodhin, Executive Director - Lubricant Business, The Shell Company of Thailand Limited, stated that the award reflects Shell’s efforts to revolutionize machinery maintenance at the Thailand Lubricant Oil Blending Plant (LOBP). This transformation involved shifting from a corrective and preventive maintenance system to a predictive system, utilizing AI and digital systems in conjunction with operator care. This transition has minimized system disruptions, enhanced work efficiency, and improved operational safety. As a result, operational efficiency has significantly improved, and personnel have enhanced their skills and knowledge.

The Thailand Lubricant Oil Blending Plant (LOBP) is a key component of Shell’s Plant of the Future initiative, serving as a prototype plant model recognised for its efficiency, agility, and competitiveness in production capacity. This initiative is part of Shell’s five-year development plan (2021-2025). The plan focuses on strengthening leadership capabilities, promoting continuous improvement, implementing best-in-class practices, adopting Total Preventative Maintenance (TPM), and driving sustainability.

Integrating advanced digital and AI technologies into operations plays a crucial role in elevating the operational standards of Shell’s lubricant oil blending plants in Thailand. This approach encompasses four main components:

1. Digital Operator Care - Enhances equipment maintenance by equipping operators with digital tools and technologies for real-time monitoring, data analysis, and AI-driven insights, leading to improved decision-making, efficiency, and safety.
2. Digital Pump Vibration AI - Utilizes AI to detect pump vibrations, identify abnormalities, and predict potential failures, preventing downtime and optimising maintenance.
3. Digital Safety Equipment Mapping - Implements a digital system to monitor and track safety equipment, enabling real-time status checks to ensure propery maintenance, safety, and readiness.
4. Digital Safety to Load - Enhances the safety of goods loading operations, improving accuracy and reducing risks

“The Shell’s lubricant business is committed to ‘Keeping the World Progressing Today for Tomorrow’. Shell is dedicated to steering the Thai energy industry toward sustainable growth. This award underscores our leadership in technology and innovation, enabling us to provide high-quality, environmentally friendly lubricants that meet all customer needs. Shell is poised to advance toward its goal of becoming a net zero-emissions energy business by 2050 while supporting Thailand in achieving its sustainability objectives,” reaffirmed by Mr. Kamolpat Baholyodhin.

Cautionary Note

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Forward-Looking Statements

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Shell’s Net Carbon Intensity

Also, in this announcement we may refer to Shell’s “net carbon intensity”, which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell only controls its own emissions. The use of the term Shell’s “net carbon intensity” is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.

Shell’s Net-Zero Emissions Target

Shell’s operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, they reflect our Scope 1, Scope 2 and Net Carbon Intensity (NCI) targets over the next ten years. However, Shell’s operating plans cannot reflect our 2050 net-zero emissions target, as this target is currently outside our planning period. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.

Forward-Looking Non-GAAP measures

This announcement may contain certain forward-looking non-GAAP measures such as cash capital expenditure and divestments. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.

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