The Abu Dhabi National Oil Company (ADNOC) has revealed she has generated $500 million (Dh1.84 billion) in value by deploying artificial intelligence (AI) solutions in 2023.
The company integrated over 30 industry-leading AI tools across ADNOC’s full value chain, from field operations to smarter and quicker corporate decision-making.
Together, these applications also abated up to 1 million tonnes of carbon dioxide (CO2) emissions between 2022 and 2023, the equivalent of removing around 200,000 gasoline-powered cars from the road, the company said in a press release.
“Artificial intelligence 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,” said Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO.
“At ADNOC, we have integrated artificial intelligence 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.”
In Adnoc’s upstream operations, AI applications were used for mapping subsurface resources, optimizing drilling, production activity and smarter reservoir management. Across upstream and downstream facilities, ADNOC’s Centralized Predictive Analytics and Diagnostics (CPAD) programME harnesses AI to remotely monitor critical operational equipment.
AI is also supporting ADNOC’s net zero by 2045 ambition and its target to achieve near-zero methane emissions by 2030.
Last month, the UAE launched a new initiative designed to combine the transformative power of AI technology to reduce the trade sector’s environmental impact.
