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ADNOC's AI Integration Adds $500 Million Value in 2023, Slashing 1M Tons of CO2 Emissions

Mar 05, 2024 - techtimes.com
The Abu Dhabi National Oil Company (ADNOC) has successfully integrated artificial intelligence (AI) into its operations, resulting in $500 million in new value in 2023. The company utilized over 30 AI tools across its value chain, from field operations to corporate decision-making, which also helped prevent up to 1 million tons of CO2 emissions between 2022 and 2023. The application of AI in ADNOC's operations spans various critical areas, including production activities, reservoir management, and capacity expansion.

ADNOC's AI deployment was made possible through collaborations with leading AI companies, including AIQ, a joint venture with Abu Dhabi-based G42. Notable AI solutions in operation include SMARTi, a system for detecting safety hazards, and Emission X, a tool for predicting emission sources. ADNOC aims to achieve net-zero emissions by 2045 and near-zero methane emissions by 2030, with tools like Emission X playing a crucial role in these objectives. The company's Centralized Predictive Analytics and Diagnostics (CPAD) program also uses AI to monitor operational equipment, enhancing efficiency.

Key takeaways:

  • ADNOC, the Abu Dhabi National Oil Company, integrated artificial intelligence (AI) in 2023, resulting in $500 million in new value and preventing up to 1 million tons of carbon dioxide emissions.
  • The AI tools were deployed across ADNOC's entire value chain, enhancing operational efficiency and facilitating smarter decision-making processes.
  • ADNOC collaborated with leading AI companies, including AIQ, to develop and implement advanced AI tools tailored to their specific operational requirements, such as SMARTi for detecting safety hazards and Emission X for predicting emission sources.
  • ADNOC's Centralized Predictive Analytics and Diagnostics (CPAD) program utilizes AI to monitor critical operational equipment, reducing unplanned shutdowns and enhancing operational efficiency, demonstrating the company's dedication to innovation, efficiency, and responsible resource management.
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