US$500 million in value generated by ADNOC through deployment of AI solutions in 2023
Published by Poppy Clements,
Editorial Assistant
Hydrocarbon Engineering,
The achievement is testament to ADNOC’s longstanding strategy to develop and deploy pioneering technologies such as AI, robotic automation, and advanced data analytics. The milestone marks the start of a multi-year program to accelerate the deployment of a suite of AI solutions across ADNOC’s value chain to further enhance safety, while driving down emissions and driving up value.
His Excellency Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, said: “AI is one of the most important economic and social game changers of our era and it can play a crucial role in accelerating a just, orderly and equitable energy transition. At ADNOC, we have integrated AI across our operations, from the control room to the boardroom, and it is enabling us to make smarter decisions and better protect our people and the environment. As we grow our diversified portfolio to ensure secure, reliable and responsible supply of energy, we are further integrating AI to future-proof our business and drive greater and more sustainable value from our assets and resources.”
Across upstream and downstream facilities, ADNOC’s Centralised Predictive Analytics and Diagnostics (CPAD) program harnesses AI to remotely monitor critical operational equipment. CPAD has drastically reduced the frequency of unplanned shutdowns and streamlined routine maintenance activity, while simultaneously improving operational efficiency to enable the production of maximum energy with minimum emissions.
AI is also supporting ADNOC’s net zero by 2045 ambition and its target to achieve near-zero methane emissions by 2030. Tools such as Emission X gather historic and real-time data from hundreds of sources on operational sites to accurately predict emission sources up to five years in advance, allowing operators to take preventative action. Emission X was developed by AIQ, a joint venture (JV) between ADNOC and G42 established in 2020 to drive an AI-powered transformation of the energy sector towards a more sustainable future.
Read the article online at: https://www.hydrocarbonengineering.com/refining/07032024/us500-million-in-value-generated-by-adnoc-through-deployment-of-ai-solutions-in-2023/
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