Dr Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (ADNOC) and Alexander Novak, Minister of Energy of the Russian Federation met to explore potential opportunities for collaboration as ADNOC seeks to expand its strategic partnership and investment base across its entire value chain.
The discussions between Al Jaber and Novak coincided with the 24th meeting of the World Energy Congress in Abu Dhabi and builds on a previous meeting, which took place in July 2019 in Moscow.
Al Jaber said: “Building on the strong bilateral relationship, which exists between the UAE and Russia, there is significant potential for further collaboration on energy issues. ADNOC is open to exploring partnership and co-investment opportunities across the full value chain as we seek to develop ties with new global partners who share our vision and determination to forge strategic, value added and commercial partnerships.”
During the visit, Novak was given a tour of Abu Dhabi and visited ADNOC’s pioneering Panorama digital command centre to see how ADNOC is using big data technologies and AI to help extract maximum value from its assets and resources.
Novak noted that the Russian Federation is keen to explore partnership opportunities across the entire upstream and downstream energy sector with the UAE. “Co-operation in the field of energy has enormous potential. Promising areas for collaboration between companies from Russia and the UAE lie in the development of trading activities in hydrocarbons as well as joint projects in the fields of mining and trading.”
The digital command centre draws from a massive set of data points across the company visualising it on a state of the art 50 m wide video wall to provide a single point to ADNOC’s real time performance. Using smart analytical models and increasingly leveraging advanced AI platforms, it uses big data to generate operational insights and recommend new, integrated pathways to optimise and enhance performance and create additional value. The centre aggregates accurate, real-time information from ADNOC’s operations and businesses, presenting data at a Group-wide level but also giving access to information from individual assets.
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