AI is revolutionizing entire sectors and ADNOC aims to be the most AI-enabled company in the energy industry. ADNOC has developed its digital infrastructure, enabling the company to rapidly expand its business, unlock untapped opportunities, and responsibly supply energy to meet customer needs. In 2023, ADNOC announced that it generated 500 USD million in value by deploying AI solutions, from the integration of over 30 industry-leading AI tools across its full value chain, from field operations to smarter and quicker corporate decision-making. The achievement is testament to ADNOC’s longstanding strategy to develop and deploy pioneering technologies such as AI, robotic automation, and advanced data analytics. 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.
“The UAE has embraced AI to drive productivity, economic growth and social advancement, with ADNOC laser-focused to become the world’s most AI-enabled energy company, delivering smarter, cleaner and safer energy to the world. Our partnership with Presight will further AIQ’s capabilities, advance ADNOC’s ambition to pioneer technology and AI to build the energy system of tomorrow, with data integration from the control room to the board room. Through this collaboration, I am confident that AIQ will become the energy industry’s leading AI company, delivering enhanced value to Abu Dhabi and the UAE,” said H.E. Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO.
The transaction will combine AIQ’s breakthrough AI energy solutions with Presight’s cross-sector big data analytics, product development, and international markets access to position AIQ as a leading energy-focused AI organization. By integrating AIQ and Presight’s big data analytics and AI offerings, the companies will realize operational efficiencies and synergies while meeting a wider array of customer requirements, and deliver greater value for ADNOC, Presight, G42 and the UAE.
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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Source: News