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The adoption of new technologies is set to transform the functioning of the energy and utilities sector as it transitions to a sustainable future. ....
Khalifa University, ADNOC To Organise Programme To Educate High School Students On UAE's Oil And Gas Sector urdupoint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from urdupoint.com Daily Mail and Mail on Sunday newspapers.
Its production capacity rose to just over 4 million bpd last year. Adnoc would require thousands of new and workover wells to reach the 5 million bpd capacity mark, Mr Al Mazrouei said. The company also plans to switch 50 per cent of its wells under an integrated drilling services umbrella by 2022, he said. Services, equipment and even material procurement are consolidated in one contract under this type of arrangement. Adnoc has been looking to drive greater efficiencies in drilling through digitalisation. The company, through its drilling arm, also entered into a partnership with US oil services provider Baker Hughes. In 2018, Baker Hughes took a 5 per cent stake in Adnoc Drilling, paying Dh2.02bn. ....
Adnoc convenes top CTOs from energy companies to assess role of tech post-Covid thenationalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationalnews.com Daily Mail and Mail on Sunday newspapers.
SHARE 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. ....