Oil and Gas is intrinsic to Industry 4.0, says ADNOC CEO

ADNOC 4ADNOC is applying cutting-edge technology at every step of the production process from oil platforms to trading platforms, according to Dr Sultan Al Jaber, CEO of ADNOC Group

“In short, as we enter a new age of technology, the world remains reliant on a 160-year-old industry, whose core mission is to responsibly and efficiently stay ahead of tomorrow’s energy demand. At ADNOC, we call this mission 'Oil and Gas 4.0', which means rethinking how our industry adopts and applies technology, connects with non-traditional partners, shows environmental leadership and most importantly attracts and retains talent,” Dr Al Jaber adds in an article published by The Telegraph.

He affirms that oil and gas will remain essential to the global energy mix and the basis for a wide range of modern consumer products.

“As we enter a new age of technology, the world remains reliant on a 160-year-old industry, whose core mission is to responsibly and efficiently stay ahead of tomorrow’s energy demand. At ADNOC, we call this mission 'Oil and Gas 4.0.' 'Oil and Gas 4.0' means rethinking how our industry adopts and applies technology, connects with non-traditional partners, shows environmental leadership and most importantly attracts and retains talent.”

“We are rolling out the use of predictive analytics to reduce maintenance costs by up to 20 per cent, a significant boost to our bottom line. Our state of the art Panorama digital command centre uses artificial intelligence and big data in order to empower our people to make better, quicker, market-driven decisions. We are scaling up the application of carbon, capture, utilisation and storage technology to expand the first and largest CCUS plant in the Middle East region, significantly reducing carbon emissions.”

“By relentlessly pursuing innovation at every level, we aim to demonstrate to the next generation of STEM students that our industry is focused on the future, not anchored in the past. In so doing, we are making ADNOC a destination of choice and an incubator of talent that will build long term resilience into our company and ensure we continue to provide for growing global energy needs.”

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