AI drives £500 million in additional value for Abu Dhabi national oil company
Abu Dhabi National Oil Company (ADNOC) has revealed that its use of artificial intelligence (AI) generated an additional value of $500 million last year. ADNOC has successfully integrated more than 30 AI tools across various processes, resulting in improved efficiency and reduced unexpected shutdowns. AI has also played a crucial role in mapping resources, aiding drilling and production activities, and managing reservoirs. The company has successfully prevented up to 1 million tons of carbon dioxide emissions through the use of AI. ADNOC’s Chief Technology Officer, Sophie Hildebrand, emphasised the automation, optimisation, and measurable impact that AI has brought to the company’s operations. ADNOC plans to further expand its deployment of AI technology.
Abu Dhabi National Oil Company (ADNOC) announced that its use of artificial intelligence (AI) generated an additional £500 million in value last year. ADNOC has integrated over 30 AI tools across its operations, from field processes to corporate decision-making, and has plans to expand the technology further.
One notable AI application by ADNOC is a program that remotely monitors operational equipment, leading to a significant reduction in unexpected shutdowns and improved operational efficiency. AI technology also plays a central role in resource mapping, drilling and production activities, and reservoir management, enabling ADNOC to increase production capacity and deliver lower carbon-intensity energy. The use of AI prevented up to 1 million tonnes of carbon dioxide emissions between 2022 and 2023.
ADNOC’s Chief Technology Officer, Sophie Hildebrand, emphasised that AI initiatives have brought about greater automation, optimisation, efficiency improvements, and measurable results in capital and operating expenditures, working capital, and production. With the growth of AI technology, ADNOC expects the value generated by AI to continue increasing.
ADNOC employs AI tools developed through its AIQ joint venture with G42, including SMARTi, which detects safety hazards, and Robowell, which remotely operates equipment and flow valves to enhance safety, reduce costs, and increase production capacity.
ADNOC’s partner in the AIQ joint venture, G42, is linked to Sheikh Tahnoun bin Zayed al-Nahyan, the UAE’s national security adviser and brother of President Sheikh Mohammed bin Zayed al-Nahyan.
About author
DW Team
The GIP Digital Watch Observatory team, consisting of over 30 digital policy experts from around the world, excels in the fields of research and analysis on digital policy issues. The team is backed by the creative prowess of Creative Lab Diplo and the technical expertise of the Diplo tech team.