How ADNOC generated $500m in extra value from AI solutions

UAE’s ADNOC Group said its use of artificial intelligence (AI) generated $500m of additional value last year.

The value was generated from the integration of more than 30 industry-leading AI tools across processes from field operations to corporate decision-making, the state-owned energy giant said in a statement.

The oil firm’s use of AI technologies abated up to one million tonnes of carbon dioxide emissions between 2022 and 2023, equivalent to removing as many as 200,000 gas-powered cars from the road.

“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,” said Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and ADNOC managing director and group CEO.

“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 sustainable value from our assets and resources.”

ADNOC’s AI use cases

ADNOC said its Centralised Predictive Analytics and Diagnostics (CPAD), an AI-linked programme to remotely monitor operational equipment, has significantly cut the frequency of unexpected shutdowns and improved efficiency.

“CPAD has drastically reduced the frequency of unplanned shutdowns and streamlined routine maintenance activity while improving operational efficiency,” it said.

ADNOC said AI technology plays “a central role” in mapping resources, assisting drilling and production activity and aiding reservoir management, which allows the firm to grow production capacity and deliver lower carbon-intensity energy.

The innovative technology AI is also supporting the group’s net zero by 2045 ambition and its target to achieve near-zero methane emissions by 2030.

ADNOC’s AI tools include Emission X, which was developed by AIQ – a joint venture with Abu Dhabi’s Group 42.

Other AIQ tools that are being deployed by the energy include SMARTi, which detects safety hazards in industrial and operational environments, and Robowell, which remotely operates equipment and flow valves to cut costs, boost safety and enhance production capacity.

Read: UAE’s ADNOC bumps up decarbonisation budget to $23bn