ADNOC has partnered with Honeywell as it embarks on one of the largest predictive maintenance projects in the oil and gas industry. Company announced that it has signed a partnership agreement with Japan Oil Development Co. Ltd. Sandooq Al Watan has entered into a strategic partnership with the Abu Dhabi National Oil Company (ADNOC). Under the terms of a 10-year partnership agreement, ADNOC will utilize Honeywell’s state-of-the-art asset monitoring. The Abu Dhabi National Oil Company (ADNOC) will accelerate delivery of its new integrated gas strategy. Abu Dhabi National Oil Company (ADNOC) subsidiary, held the 14th Rig Owners Seminar.
The Abu Dhabi National Oil Company (ADNOC) has signed a Framework Agreement with King Fahd University of Petroleum. The predictive analytics platform to maximize asset efficiency and integrity across ADNOC’s upstream and downstream operations. Company announced that its In-Country Value (ICV) spend for the year 2018 will be over AED 18 billion. Company announced an AED 5.1 billion (US $1.4 billion) investment to upgrade and expand its Bu Hasa field. Leveraging artificial intelligence technologies like machine learning and digital twins, the platform will help predict equipment stoppages. ADNOC and Mubadala Investment Company Mubadala signed a framework agreement.
“In an era where the oil and gas industry is being disrupted on multiple levels”, said Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of ADNOC.
The world-renowned Kumon method was pioneered in Japan and guides the instruction of mathematics. It reduce unplanned equipment maintenance and downtime, increase reliability and safety. H.E. Dr. Al Jaber signaled that ADNOC would be making additional strategic announcements. The agreement was signed by His Excellency Dr. Sultan Al Jaber. It represents a significant year-on-year increase and is attributed to the company’s new ICV program. It enable substantial cost savings for ADNOC. This is an important step towards delivery of ADNOC’s 2030 smart growth strategy. It also helps students to build study habits, concentration and a strong understanding of fundamental topics.
The program supports the development of IT skills among the country’s youth. The annual seminar, co-hosted with DNV GL, an international accredited registrar and classification society. As part of ADNOC’s strategy to unlock and drive substantial value across its entire business. The amount that ADNOC, and its contractors, spend on local goods and services is expected to increase. ADNOC’s predictive maintenance project is part of the company’s flagship Centralized Predictive Analytics and Diagnostics (CPAD) program. The ‘Emirati Coder’ program’s objective is to empower approximately 500 students. The operating companies and marine and offshore service providers to exchange knowledge and share best practices.
ADNOC and KFUPM will collaborate in research and development topics of strategic importance. Speaking to over 800 suppliers at the company’s 3rd annual Business Partnership Forum. An Engineering, Procurement and Construction (EPC) contract has been awarded to Tecnicas Reunidas SA by ADNOC’s subsidiary. The agreement was signed by Abdulaziz Alhajri, Director of ADNOC’s Downstream Directorate. CPAD, which underpins ADNOC’s 2030 smart growth strategy and Oil & Gas 4.0 initiatives, aims at transforming the company’s operations. Other upcoming announcements will center on the Abu Dhabi government’s historic decision, earlier this year.
“This significant investment in the Bu Hasa field will enable production”, said Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group.
It enhance drilling operation efficiency, rig integrity and HSE performance. The field development optimization as well as oil and gas processing further downstream. It maximize value from every barrel of oil, while delivering the greatest possible returns to the UAE. Company proud to partner with Sandooq Al Watan to expand the ‘Emirati Coders’ program and support more students master advanced software. ADNOC plays a leading role in promoting dialogue and cooperation among industry players in the region. ADNOC thanked the private sector for its support during the implementation phase of its new ICV program. The Individual learning plans are created for the students, and, as a student progresses.
It increase the performance and returns on our assets and capital. ADNOC’s 2019-2023 business plan and capital investment growth of AED 486 billion. To date, the Kumon method is practiced in 50 countries around the world. ADNOC employees to undertake postgraduate education in key oil and gas degrees. It will create additional skilled employment opportunities for UAE nationals and further maximize the use of local products. It is important that we continue to drive innovation and seek new advanced technologies to further optimize performance. ADNOC continues to invest in innovative partnerships that enhance our research and development capabilities.
ADNOC’s predictive maintenance project is significant in scale and in its application of AI technology. During the forum, ADNOC shared its procurement forecast, providing greater visibility to the private sector of opportunities. The agreement is a natural evolution of the close relationship between ADNOC and Mubadala. It marks an important technological milestone for the industry. The blocks potentially hold multiple billion barrels of oil and multiple trillion cubic feet of natural gas. Honeywell was selected as our valued technology partner to provide these state-of-the-art solutions after a highly competitive. The first exploration and production licenses are expected to be awarded in the first quarter of 2019.
ADNOC will deploy Honeywell Forge Asset Monitor and Predictive Analytics solutions at its Panorama Digital Command Center in its headquarters. The agreement was signed by Ghannam Al Mazrouei, Director of Human Capital & Administration at ADNOC. The Panorama Digital Command Center currently aggregates real-time information across all business units. The announcements will build on Abu Dhabi’s Supreme Petroleum Council’s approval of ADNOC’s plans. It uses smart analytical models, AI and big data to generate operational insights and recommend new pathways. It proposed collaboration aligns with ADNOC’s strategy to engage with stakeholders. The addition of Honeywell’s solutions will enable the central monitoring of up to 2,500 critical rotating equipment across all ADNOC Group.
“We are proud to partner with ADNOC as they lead the transformation towards Oil & Gas 4.0″, said Darius Adamczyk, chairman and CEO of Honeywell.
Honeywell Forge delivers the advanced capabilities business leaders need to harness big data. Company made a number of important announcements, including strategic partnerships. It look forward to ADNOC realizing these benefits after deploying this leading-edge technology. Introduced in 2018, ADNOC’s ICV program is aligned with and will support the economic objectives. It continuous online monitoring of equipment, aided by machine learning analytics and digital twin models, operators. The new partnerships, along with our forthcoming collaborations with Saudi Aramco and Mubadala. ADNOC has been an important catalyst for progress and development in the UAE.
Company maintenance personnel at ADNOC will be able to identify impending machinery issues earlier. Technological advancement, automation and digitization are reshaping the oil and gas exploration landscape. It shift from reactive and preventative maintenance practices to a predictive maintenance approach. With ICV now included as part of all tender evaluations and award processes, the amount of ICV created will continue to increase. Sophisticated insights into equipment health will also allow ADNOC to evaluate equipment overhaul extension programs. It will make significant contributions to the delivery of 2030 growth strategy. Company believe strong math skills are the key to children’s success.
Built on a scalable enterprise platform, the Honeywell solutions will accelerate time to value by providing ADNOC engineers. ADNOC Drilling is transforming into a fully integrated drilling. The predictive maintenance project is one of many digital transformation initiatives by ADNOC to embed cutting-edge technology. The university is interested in developing and activating strong technical partnerships. Its entire value chain and deliver on its Oil & Gas 4.0 mission to stay ahead of the world’s growing demand for energy. The agreement demonstrates a mutually beneficial, reciprocal and cooperative research and education. Other digital initiatives include its Panorama Digital Command Center; smart data analytics.