ADNOC generates US$ 500 million through deployment of AI solutions
Digitization

ADNOC generates US$ 500 million through deployment of AI solutions

Over 30 AI tools have unlocked significant value across ADNOC’s full value chain, from field operations to smarter and quicker corporate decision-making

  • By ICN Bureau | March 06, 2024

ADNOC announced that it generated US$ 500 million in value by deploying artificial intelligence (AI) solutions in 2023.

The value was generated from the integration of 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 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.

Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, said: “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. 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. 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.” 

The announcement was made at ADNOC’s Leadership Forum held at the Abu Dhabi Energy Center, where employees across the ADNOC Group gathered to discuss strategic priorities and initiatives as the company delivers on its mandate to transform, decarbonize and future-proof and ensure a secure, reliable and responsible supply of energy.

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 between ADNOC and G42 established in 2020 to drive an AI-powered transformation of the energy sector towards a more sustainable future.

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