Asharq Al-awsat English Middle-east and International News and Opinion from Asharq Al-awsat Newspaper

ADNOC's Thamama Center Generates $1.1b in Business Value

ADNOC's Thamama Center Generates $1.1b in Business Value

Monday, 22 February, 2021 - 11:00
Thamama drives innovation across ADNOC’s upstream projects, optimizes development costs and enhances value from all producing onshore and offshore fields in the Emirate of Abu Dhabi - WAM

The Abu Dhabi National Oil Company (ADNOC) announced on Monday that its Thamama Center of Excellence (Thamama) has generated $1.1 billion (AED4.04 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 ADNOC’s ongoing strategic investments in advanced technology, digitization and artificial intelligence (AI) to drive greater efficiencies, quickly respond to market dynamics, and enable smart growth as the company continues to deliver on its 2030 strategy.

Located in ADNOC’s headquarters, the state-of-the-art hub brings together ADNOC’s leading subsurface experts and leverages big data, cutting-edge digitization, and smart analytics to help access hydrocarbon resources and unlock greater value from existing reservoirs.

Speaking during the innovation week, Yaser Saeed Al Mazrouei, ADNOC Upstream Executive Director, said: "The value generated by Thamama since its start in 2017 highlights how ADNOC is harnessing advanced technologies, digitization and big data as well as deep engineering expertise to maintain ADNOC’s position as a leading low cost and low carbon player in our industry."

"Thamama is also helping us to nurture the UAE’s next generation of engineers and data scientists, as well as serving as a hub to harness AI solutions together with the recently established joint venture between ADNOC and G42, AIQ," he added.

"As part of ADNOC’s broader transformation, we continue to make smart investments in value-creating innovation across our upstream portfolio to unlock and maximise value for the UAE, in line with the wise directives of the Leadership."

Through Thamama, ADNOC is reducing exploration costs by hundreds of millions of dollars as it executes the world’s largest three-dimensional (3D) seismic survey which is providing 100 petabytes of high-resolution images of the subsurface across Abu Dhabi which are then turned into prospects by ADNOC’s experts, ultimately enabling drilling and potential for oil and gas production.

Thamama is also enabling ADNOC to integrate AI, advanced analytics and cloud computing into its reservoir management and subsurface workflows to enhance oil recovery and improve production efficiency by more than 10%. Its integrated capacity model creates a digital twin of ADNOC's entire hydrocarbon value chain, potentially unlocking hundreds of millions of dollars in value every year.

ADNOC is working on over 15 new digitization projects in Thamama that offer the potential to deliver around $500 million in additional value per year when they are fully deployed over the coming years.

Editor Picks