Energy company Adnoc has awarded a $920 million engineering, procurement and construction contract to expand its artificial intelligence-driven well digitalisation programme across key oilfields in Abu Dhabi.
The initiative will enable the remote monitoring and control of more than 2,000 wells at the Bab, Bu Hasa and South East fields, aiming to boost operational efficiency and safety, the state-owned oil company said in a statement on Tuesday.
The project, awarded by Adnoc Onshore, the company's onshore oil and gas production subsidiary, to Jereh Oil and Gas Engineering, is set for to be completed by 2027. It will rely on Adnoc's private 5G network and advanced AI solutions.
The initiative will “accelerate Adnoc’s well digitalisation programme and the automation of its operations”, said Abdulmunim Al Kindy, Adnoc's upstream executive director. “As we harness the power of industry-leading technologies to further optimise our operations, we are ensuring that we continue to drive significant value back into the UAE economy and the substantial In-Country Value [ICV] generated by this award will further catalyse industrial growth opportunities for the private sector."
More than 80 per cent of the contract’s value will benefit the UAE economy through Adnoc’s ICV programme, supporting economic growth and diversification, Adnoc said.
The UAE Ministry of Industry and Advanced Technology’s ICV programme, which seeks to support domestic industrial growth, redirected more than Dh48 billion ($13.1 billion) to the country’s economy in the first half of 2024. The programme aims to redirect half of government spending on procurements and tender contracts into the national economy by 2031. It also supports the goals of the Make it in the Emirates campaign, which was launched by the ministry to attract investment and promote sustainable industrial development in the UAE.
Disruptive technologies, including AI, blockchain, cloud computing, cyber security, the Internet of Things, robotics and the metaverse, are transforming the oil and gas industry. A 2022 research paper by the World Economic Forum and Accenture showed that digitalisation could add between $1.6 trillion and $2.5 trillion to the industry in the next decade.
Adnoc generated $500 million last year by implementing AI solutions, following the integration of more than 30 AI tools across its entire value chain, from field operations to corporate decision-making, the company said in March.
Its well digitalisation programme is currently operational at the onshore Mender, Qusahwira and North East Bab fields. It integrates digital control valves, sensors and other advanced hardware to transmit real-time operational data from the wells and pipelines.
This data flows to control rooms through the energy sector's largest private 5G network, developed in partnership with Abu Dhabi-based e&, allowing real-time monitoring of key indicators including temperature and pressure. AI-driven tools, including AIQ’s RoboWell solution, then autonomously manage well operations based on this continuous data stream.
Last month, Adnoc Distribution said it was developing more than 20 AI-powered tools to optimise operations and boost operational efficiencies.
Adnoc and Abu Dhabi clean energy company Masdar on Monday said they were working with US technology company Microsoft to advance AI and low-carbon initiatives across the UAE's energy sector. The collaboration, announced at Adipec in Abu Dhabi, will explore powering Microsoft’s data centres with renewable energy supplied by Masdar, an Adnoc affiliate.
The initiative also aims to enhance efficiencies within Adnoc's operations, support methane reduction targets and develop AI-driven decarbonisation projects, including carbon capture, low-carbon ammonia and hydrogen solutions. AI solutions are boosting Adnoc’s ambition to reach net-zero emissions by 2045 and its target of achieving near-zero methane emissions by 2030. From 2022 to 2023, the company’s AI tools reduced carbon dioxide emissions by one million tonnes.
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
UAE currency: the story behind the money in your pockets
Financial considerations before buying a property
Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.
“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says.
Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.
Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier.
More from Rashmee Roshan Lall
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
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UAE currency: the story behind the money in your pockets
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The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
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Overview
Cricket World Cup League Two: Nepal, Oman, United States tri-series, Tribhuvan University, Kathmandu
Fixtures
Wednesday February 5, Oman v Nepal
Thursday, February 6, Oman v United States
Saturday, February 8, United States v Nepal
Sunday, February 9, Oman v Nepal
Tuesday, February 11, Oman v United States
Wednesday, February 12, United States v Nepal
UAE currency: the story behind the money in your pockets
Meatless Days
Sara Suleri, with an introduction by Kamila Shamsie
Penguin
German intelligence warnings
- 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
- 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
- 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250
Source: Federal Office for the Protection of the Constitution
UAE currency: the story behind the money in your pockets
SERIE A FIXTURES
Friday (UAE kick-off times)
Sassuolo v Bologna (11.45pm)
Saturday
Brescia v Torino (6pm)
Inter Milan v Verona (9pm)
Napoli v Genoa (11.45pm)
Sunday
Cagliari v Verona (3.30pm)
Udinese v SPAL (6pm)
Sampdoria v Atalanta (6pm)
Lazio v Lecce (6pm)
Parma v Roma (9pm)
Juventus v Milan (11.45pm)
RESULTS
Main card
Bantamweight 56.4kg: Mehdi Eljamari (MAR) beat Abrorbek Madiminbekov (UZB), Split points decision
Super heavyweight 94 kg: Adnan Mohammad (IRN) beat Mohammed Ajaraam (MAR), Split points decision
Lightweight 60kg: Zakaria Eljamari (UAE) beat Faridoon Alik Zai (AFG), RSC round 3
Light heavyweight 81.4kg: Taha Marrouni (MAR) beat Mahmood Amin (EGY), Unanimous points decision
Light welterweight 64.5kg: Siyovush Gulmamadov (TJK) beat Nouredine Samir (UAE), Unanimous points decision
Light heavyweight 81.4kg: Ilyass Habibali (UAE) beat Haroun Baka (ALG), KO second round
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
KILLING OF QASSEM SULEIMANI
MATCH INFO
Uefa Champions League final:
Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
