ADNOC's AI use has prevented up to 1 million tons of carbon dioxide emissions between 2022 and 2023. The company's AI tools, including those developed by its AIQ joint venture with G42, have led to greater automation and optimization of processes, improving efficiency and making significant improvements to capital expenditure, operating expenses, working capital, and production. AIQ tools used by ADNOC include SMARTi, which detects safety hazards, and Robowell, which remotely operates equipment to cut costs and enhance production capacity.
Key takeaways:
- Abu Dhabi National Oil Company (ADNOC) generated an additional $500 million in value in the previous year through the use of artificial intelligence (AI).
- ADNOC has integrated over 30 AI tools across various processes, including field operations and corporate decision-making, and plans to further expand the use of this technology.
- The use of AI has significantly reduced unexpected shutdowns, improved efficiency, assisted in mapping resources, drilling and production activities, and aided in reservoir management. This has led to an increase in production capacity and the delivery of lower carbon-intensity energy.
- ADNOC's AI tools, developed by its AIQ joint venture with G42, include SMARTi and Robowell, which detect safety hazards and remotely operate equipment respectively, leading to cost reduction, improved safety, and enhanced production capacity.