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Digital technology powers Adnoc's plans to reach 5m bpd capacity by 2030

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Abu Dhabi National Oil Company plans to accelerate the deployment of digital technology to increase its production capacity to 5 million barrels per day by 2030, as it looks to generate cost efficiencies and cut emissions.
Our target is basically to increase production capacity by 25 per cent by 2030, increase ultimate recovery from our reservoirs to 70 per cent and significantly lower unit technical cost from our industry leading low base, Mohamed Al Marzouqi, senior vice president, development at Adnoc told
The National in an interview.
On Monday, Adnoc said it generated $1.1 billion in business value through the deployment of Big Data and analytics at its Thamama Centre, which oversees upstream operations. The company accrued $2bn in cost savings over the last five years by employing advanced technology and digitalisation to optimise its drilling operations. ....

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Adnoc's Thamama Centre generates $1.1 billion in business value

Adnoc’s Thamama Centre generates $1.1 billion in business value
22 Feb 2021
Thamama is a key part of Adnoc’s ongoing strategic investments in advanced technology.
The Abu Dhabi National Oil Company (Adnoc) announced on Monday that its Thamama Centre of Excellence (Thamama) has generated $1.1 billion (Dhs4.04 billion) in business value since its inception in 2017.
The announcement was made at Adnoc’s Innovation Week, which is taking place virtually from 21st -25th February.
Named after the reservoir formation most dominant in Abu Dhabi, Thamama is a key part of Adnoc’s ongoing strategic investments in advanced technology, digitalisation and artificial intelligence (AI) to drive greater efficiencies, quickly respond to market dynamics, and enable smart growth as the company continues to deliver on its 2030 strategy. ....

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