Abu Dhabi National Oil Company's Panorama Digital Command Centre, which oversees its operations in real time, has been awarded the Offshore Technology Conference 2021's Distinguished Achievement Award for Companies, Organisations and Institutions.
The award recognised how Panorama leverages artificial intelligence, Big Data and other advanced technologies to improve efficiencies, optimise performance and unlock value, the company said in a statement on Thursday.
The centre has so far generated more than $1 billion in value since its inception in 2017.
“Through sustained investments in technology and innovation, Adnoc has become a champion in AI and digitisation, and we will continue to use cutting-edge and advanced technology to generate value, drive efficiencies and optimise our operations as we deliver on our 2030 strategy,” Abdulmunim Saif Al Kindy, Adnoc's executive director for people, technology and corporate support, said.
The national oil company plans to accelerate the deployment of digital technology to increase its production capacity to 5 million barrels per day by 2030, Mohamed Al Marzouqi, senior vice president, development at Adnoc, told The National in a recent interview.
It is making ongoing investments in advanced technology, digitalisation and AI to drive greater efficiencies.
The Panorama facility located in Adnoc’s headquarters aggregates real-time information across Adnoc Group companies and uses smart analytical models, AI and Big Data to generate operational insights and recommendations. It displays 250,000 real-time data points from all of its operational sites and provides integration of data between offshore and onshore facilities, the company said.
Other digital initiatives by Adnoc include its Thamama centre, which leverages Big Data, smart analytics and AI to help identify hydrocarbon resources and unlock value from existing fields. Adnoc also applies AI for value chain optimisation, predictive maintenance and blockchain-based hydrocarbon accounting.