Commentary
Indrajit Sen
Oil & gas editor
National oil companies in the Gulf region began using digitalisation concepts such as artificial intelligence (AI) and machine learning in the aftermath of the previous industry downturn.
The late 2014 to early 2017 oil and gas recession demonstrated to regional operators the benefits of Industry 4.0 in terms of cost optimisation and overall business efficiency.
Abu Dhabi National Oil Company (Adnoc) pioneered the adoption of digitalisation to improve its business operations with the creation of its AI and big data-driven Panorama Digital Command Centre and its smart data analytics Thamama Subsurface Collaboration Centre.
Now, Adnoc has taken Industry 4.0 a step further by establishing an AI firm that will service its digitalisation requirements.
AIQ, the 60:40 joint venture company Adnoc has set up in partnership with Abu Dhabi-based AI and cloud computing company Group 42 (G42), will focus on developing and commercialising AI products and applications for the oil and gas industry.
AIQ has started work on a number of AI projects across the oil and gas value chain, covering areas such as drilling performance, reservoir modelling, corrosion detection and product quality, with the scope to be expanded as the JV progresses.
Not only has Adnoc paved the way for commercially efficient solutions to be produced in-house for its digital requirements, it has also boosted the business prospects of a local company.
Going forward, AIQ could pitch its digital products beyond Adnoc to other UAE and foreign oil and gas businesses, strengthening Abu Dhabi’s status as a hub for technological innovation.
This package also includes:
> Digitalisation unit generates $1.1bn in value for Adnoc
> Halliburton wins oil contract in Kuwait
> Aramco subsidiary signs agreement with Google
> Aramco pushes blockchain strategy
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