- AI system developed through the Adnoc-AIQ partnership is expected to commence test analyses by the end of 2024.
The Abu Dhabi National Oil Company (Adnoc) has entered into an agreement with Artificial Intelligence Joint Venture Company (AIQ), in collaboration with Microsoft and G42, to implement agentic artificial intelligence (AI) technologies into energy sector.
The partnership, announced by Adnoc’s Chief Executive Officer Sultan Al Jaber at the opening of the Adipec conference, marks a pivotal moment in the optimisation of operational efficiencies within the sector.
The application of agentic AI is set to transform the way Adnoc conducts seismic surveys, reducing the duration of these complex analyses from months to mere days.
The acceleration not only enhances operational efficiency but also contributes to the sustainability of the energy sector by minimising carbon emissions.
Al Jaber emphasised the potential of this technology to improve production forecast accuracy by as much as 90 per cent, a critical factor in enhancing decision-making processes and resource management.
Proactive approach
The establishment of two artificial intelligence centres in Abu Dhabi by Microsoft and G42, following a substantial $1.5 billion investment, underscores the region’s commitment to becoming a leader in AI innovation.
G42, under the leadership of Sheikh Tahnoon bin Zayed Al Nahyan, aims to position itself as a superpower in AI within the Middle East, leveraging the advanced capabilities of agentic AI to revolutionise various sectors, including energy.
Agentic AI represents a new frontier in artificial intelligence, enabling systems to perform a range of tasks autonomously, thereby surpassing the capabilities of traditional AI models.
The technology is already being utilised in various industries for functions such as employee onboarding and supply chain management, indicating its versatility and potential for widespread application.
The AI system developed through the Adnoc-AIQ partnership is expected to commence test analyses by the end of 2024, utilising the resources of G42’s Khazna data centre, which is also expanding its renewable energy initiatives.
As highlighted by Khazna CEO Hassan Al Naqbi, the integration of renewable energy sources, starting with a solar plant, aligns with the broader objectives of sustainability within the energy sector.
Moreover, Al Jaber’s assertion that global investments in the power sector must increase to $1.5 trillion annually to accommodate the rising demands associated with AI further emphasises the urgency of adapting to technological advancements.
The collaboration between Adnoc and AIQ signifies a proactive approach to harnessing AI’s transformative potential, ensuring that the energy sector not only meets current demands but also paves the way for a sustainable future.