ADNOC
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The national oil company credits lean operating practices and AI for making the three-well, 45,000 B/D project economically viable.
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The project advances toward the final investment decision expected this year.
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Consortium suspends planned purchase of 50% stake in Israeli gas producer in light of ongoing military conflict in the region.
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More than two dozen artificial intelligence systems are being celebrated for delivering massive value to the national oil company.
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The company says it has used more than 30 AI tools to unlocked significant value across its full value chain.
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The Research Council of Norway’s $118,000 grant will support development of longer fishbone laterals to raise production while lowering carbon footprints.
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BP will offer up development concessions while ADNOC will provide cash for growth opportunities.
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ExxonMobil’s Liza Phase 1 and Phase 2 project and ADNOC’s CCUS Evolution Journey were the winners at the conference taking place this week in Dhahran.
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After becoming the first oil and gas major to source all its onshore grid electricity needs from nuclear and solar energy, ADNOC now focuses on decarbonizing production offshore.
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The authors of this paper propose an artificial-intelligence-assisted work flow that uses machine-learning techniques to identify sweet spots in carbonate reservoirs.
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