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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.

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 s...

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...

Adnoc’s Thamama Centre generates $1.1b in business since 2017 Wam/Dubai Filed on February 22, 2021 Thamama drives innovation across Adnoc’s upstream projects, optimises development costs and enhances value from all producing onshore and offshore fields in Abu Dhabi. — Wam Thamama is a key part of Adnoc’s ongoing strategic investments in advanced technology, digitalisation and AI to drive greater efficiencies. The Abu Dhabi National Oil Company (Adnoc) announced on Monday that its Thamama Centre of Excellence (Thamama) has generated $1.1 billion (Dh4.04 billion) in business va...

Adnoc’s Thamama Centre generates $1.1 billion in business value 22 Feb 2021 Thamama is a key part of Adnoc’s ongoing strategic investments in advanced technology. The Abu Dhabi National Oil Company (Adnoc) announced on Monday that its Thamama Centre of Excellence (Thamama) has generated $1.1 billion (Dhs4.04 billion) in business value since its inception in 2017. The announcement was made at Adnoc’s Innovation Week, which is taking place virtually from 21st -25th February. Named after the reservoir formation most dominant in Abu Dhabi, Thamama is a key part of...