(WO) – ADNOC announced today the deployment of AIQ’s Advanced Reservoir 360 (AR360) solution on more than 30 reservoirs across ADNOC’s upstream operations, following the solution’s successful initial deployment in early 2024 on two ADNOC reservoirs at Bab and Umm Shaif fields.
Developed by AIQ with SLB as part of ENERGYai, ADNOC’s artificial intelligence and digital technology strategy, AR360 uses artificial intelligence (AI) and machine learning technologies to improve reservoir management and optimize field development planning.
“The integration of AR360 across more of our reservoirs is a testament to our success in harnessing AI and advanced technologies to unlock more value from our natural resources,” said Abdulmunim Saif Al Kindy, Executive Director of ADNOC Upstream. “Building on decades of investment in innovation and technology, we will continue to accelerate the deployment of AI solutions from the control room to the boardroom as we responsibly meet the growing global energy demand.”
AR360 reduces planning time while increasing well life and recovery rates by ensuring the right balance between drilling new wells, boosting performance of existing wells and optimizing injection and production volumes.
“The extended deployment of AR360 by ADNOC is an important endorsement of our technology and reinforces the emergence of AIQ as a developing global AI supplier for the energy sector,” said Magzhan Kenesbai, Acting Managing Director of AIQ. “We are committed to continue driving greater operational efficiencies across the entire energy value chain, and in upstream operations in particular, and unlock greater value for the industry.”
While traditional forecasting technologies require working across multiple software platforms and data sets, which can be time-consuming, AR360 integrates everything on a single platform and utilizes AI to save time and enable better and more proactive decision-making.
ADNOC has so far deployed more than 30 AI tools across its value chain with the goal to enhance safety, reduce emissions and maximize value.
About ADNOC
ADNOC is a leading diversified energy and petrochemicals group wholly owned by the Emirate of Abu Dhabi. ADNOC’s objective is to maximize the value of the Emirate’s vast hydrocarbon reserves through responsible and sustainable exploration and production to support the United Arab Emirates’ economic growth and diversification.
About AIQ
AIQ is an innovative global technology company based in Abu Dhabi. AIQ provides AI-driven advancements within the energy sector, propelling it towards a sustainable future. AIQ solutions aim to improve performance and efficiency, protect personnel, assets and operations, and enable customers to meet their sustainability goals. AIQ is playing a pivotal role in the AI ecosystem and the global energy sector, and the company is committed to realizing the UAE’s ambition to lead the world in AI by 2031.
This article was originally posted at www.worldoil.com
Be the first to comment