ADNOC, the oil and gas company, has announced that it has generated $500 million (AED1.84 billion) in value by integrating over 30 Artificial Intelligence (AI) tools across its full value chain, from field operations to corporate decision-making.

This has also helped to reduce up to 1 million tons of carbon dioxide (CO2) emissions between 2022 and 2023, which is equivalent to removing around 200,000 gasoline-powered cars from the road.

The company has been successful in integrating AI across its operations, including the use of AI applications in mapping subsurface resources, optimizing drilling, production activity, smarter reservoir management and in the Centralized Predictive Analytics and Diagnostics (CPAD) program, which remotely monitors critical operational equipment.

The use of AI has also helped in reducing the frequency of unplanned shutdowns and streamlined routine maintenance activities, while simultaneously improving operational efficiency.

AI is also supporting ADNOC’s net zero by 2045 ambition and its target to achieve near-zero methane emissions by 2030.

Tools like Emission X and SMART are being used to predict emission sources up to five years in advance and detect safety hazards across industrial and operational environments respectively.

ADNOC’s AI deployment has been a significant milestone in its strategy to develop and deploy pioneering technologies, such as AI, robotic automation, and advanced data analytics, and marks the start of a multi-year program to accelerate the deployment of AI solutions across its value chain to enhance safety while driving down emissions and driving up value.

The announcement was made at ADNOC’s Leadership Forum, where employees gathered to discuss strategic priorities and initiatives that will help the company deliver on its mandate to transform, decarbonize, and future-proof and ensure a secure, reliable, and responsible supply of energy.

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The platform utilizes advanced analytics to streamline rig movement operations through AI-enabled route optimization and coordinate the movement of assets, including rigs, personnel, and equipment, across multiple drilling sites. By automating the scheduling process, the software will provide real-time updates on rig availability and maintenance, resource allocation, and conflicts improving overall efficiency. A key feature of the software solution is its ability to facilitate collaboration within day-to-day business operations and reduce the total distance covered for every rig move. The reduction will have a direct estimated impact on total carbon emissions for the entire fleet of rigs.

“The UAE has been making major strides within the space of AI technology. AIQ is proud to be working alongside Bayanat in the development of an AI software solution that can positively disrupt a core industry and further contribute to the UAE’s AI 2031 Vision.  The combination of our AI expertise with Bayanat’s geospatial intelligence will transform logistical operations across the Energy sector, drive efficiency and reduce overall emissions,” said Omar Al Marzooqi, CEO of AIQ.

“We are excited to embark on this collaboration with AIQ. Through this partnership, we aim to revolutionize the oil and gas industry by streamlining complex logistics processes, minimizing downtime, and significantly enhancing rig move efficiency. Our joint efforts will pave the way towards a more sustainable future for the sector as we drive innovation and deliver cutting-edge solutions,” said Hasan Al Hosani, Managing Director, Bayanat.

Implementing the Rig Move project will involve the development of a custom software solution that integrates seamlessly with existing systems and provides a reporting and analytics module that includes comprehensive data analysis and visualization tools. The solution’s architecture includes components such as the pathfinder module, analytics module, scheduling algorithms, and reporting modules with real-time update features to make informed decisions and respond to changes quickly.

AIQ and Bayanat are committed to delivering state-of-the-art software that simplifies the rig move process, reduces downtime, and increases productivity for oil and gas companies. With the partnership’s combined expertise, AIQ and Bayanat aim to revolutionize the industry and drive sustainable practices into the upstream business’s most capital and carbon-intensive part. AIQ is actively looking to expand its partner ecosystem to further develop AI solutions that can drive efficiency, reduce emissions, and accelerate the digital transformation of industries.

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The new fund was created through a merger of ECG and Cayan Holdings, with Riyadh-based Watar Partners advising the fund.  Anchored by Jada Fun of Funds, the fundraising effort aims to develop Saudi Arabia’s energy sector and industrial services, with a focus on furthering the industrial growth of Saudi Arabia as well as the Gulf Cooperation Council as a whole.

Founded in 2008 by Ali Al-Turki, ECG has already closed over $5 billion worth of transactions, with significant investments in Saudi Arabia and the MENA region.

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