|Funding Required||RM1,000,001 to RM2,000,000|
|Description||One of the key challenges in the industry is having real time visibility on the critical information on Toxic Gases and H2S . This are very hazardous elements that could cost lost of life and shut down of facilities , which can cost millions of dollars lost in revenue.
By implementing MOS (Metal Oxide System) Tracking System , we can manage the sensor details and provide valuable information to its clients also includes equipment calibration alerts . It has the ability to deliver MOS real time viewer with users can view information real time which will also provide equipment reliability , calibration alerts for preventative maintenance, and location changes from a single application . With our experience, expertise and commitment towards the industry we want to make the working environment more safe and efficient
|Business Opportunity||ADCO (Abu Dhabi Oil Company for Onshore ) has huge issue on the sensors for the toxic gases and H2S , as it has to be manually monitored and calibrated regular , as this is a very critical . If wrong reading it could cost human life and facilities shutdown . Which in turn could lead to Millions of revenue lost .
We were approached to make a study for the best solution . Based on the functional study by implementing real time monitoring and predictive analysis . We could reduce the cost by 70% and increase equipment utilization by 40%
Currently 80-90% H2S and Gas detection data are being collected manually . Proposed solution is to provided integrated and automated solution to have data access and calibration of equipment. The potential market for this is big and untapped .
This solution cuts across Upstream , Midstream and Downstream market as all the the process will have toxic gases and H2S sensors that requires constant monitoring .
|Revenue / Business Model||Currently we are working on ADCO requirement which is 30,000 devices , there are only from 2 Fields . In Total ADCO has 8 fields .
We have funnel size of USD2Million for the first 6 months . This are only from Middle East , have not included SEA region .
Iran market we are looking at another USD1Million
We are working with TYCO with their device and packaging our software for ADCO project .
Locally we are in talks with Petronas and RAPID team , Also have been in discussion with partners in Indonesia and India on potential deployment on trial basis for the end users there.
|Management Team||CEO/BD – Worked with Top 10 , Fortune 500 companies . Experienced working across Middle East , Africa , Europe and Asia Pacific . Delivered Complex projects and solution – while in Shell and Halliburton . Increase solution sales for Roxar Middle East and Africa by 60% and Integrated Roxar into Emerson Flow group .
COO – Worked with SHELL on numerous senior management role across Africa , Middle East and Asia . Strong Procurement and Legal background .
Technologist – One of the few online intrusion and fraud security certified in the world .
|Company Background||3P core business function is to enable oil and gas companies to optimize their production with proper set of tools, processes and experts in predictive technology . 3P, have also tied up with some of the leading production optimization companies in US and UK. As 3P being projected as one solutions company for production optimization, our core skill is in optimization , predictive analysis and IIOT implementation . As part of our production optimization offering , we have MOS core functions which could provide predictive analysis and calibration tracking, which can manage the calibration and sensor details and provide valuable information to its clients.
We started at Middle East and decided to relocate to Asia Pacific because we are group of Malaysian whom believe we can contribute to our local economy by leveraging our local talent and growing them globally
|Funding Milestone||Month 1 – Staffing and Development — RM450K – hiring core engineers and completing the development
Month 4 – Implementation and Deployment – RM350K – Getting the team to site to implement and deploy
Month 7 – Sales and Marketing – RM400K – increase funnel and growth from the existing funnel.
|% Equity Allocation||20%|
|Expected ROI||Within 3 yrs 50-60% return|
|Risks and Mitigation||Key Challenges
New brand in the market
Customers/end users are ready to use latest technology with lot of precautions, references, proofs etc.
Geographical challenges ,as most of the organization works in a clustered method
|Exit Strategies||3 Year , investor can cash in at the market rate to the company .|
|Company Name||3p optimization systems dmcc|
|Business Address||708 , 1 Lake plaza , Cluster T , JLT , Dubai|
|Contact Person||GANESH ARUMUGAM|