Abu Dhabi National Oil Company (ADNOC) has awarded a substantial $920 million contract to Jereh Oil & Gas Engineering Corporation. This partnership aims to enhance ADNOC's AI-powered well digitalization program, revolutionizing the monitoring and control of over 2,000 onshore wells.
Advantages
- Streamlined Operations: AI-driven technology minimizes downtime and optimizes well performance.
- Enhanced Safety: Real-time monitoring reduces accident risks.
- Economic Growth: Over 80% of the contract value will be reinvested in the UAE's economy.
Technology Overview
The program leverages advanced remote sensing, well-operating equipment, and ADNOC's private 5G network to transmit real-time data. AI-powered tools, such as AIQ's RoboWell solution, enable autonomous well management.
ADNOC's Strategic Vision
This contract supports ADNOC's goal to become the world's most AI-enabled energy company. Completion is expected by 2027, aligning with ADNOC's Net Zero by 2045 and near-zero methane emissions by 2030 objectives.
References
ADNOC Press Release. (2024). ADNOC Awards $920 Million Contract.
Oil & Gas Journal. (2024). ADNOC's AI-Powered Well Digitalization.
Energy News. (2024). ADNOC Partners with Jereh Oil & Gas Engineering.