Digital technology powers Adnoc's plans to reach 5m bpd capacity by 2030
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 billi...
Source: thenationalnews.com