UAE’s leading oil firm, Abu Dhabi National Oil Company (ADNOC) was recognized at the Offshore Technology Conference (OTC) 2021 with the Distinguished Achievement Award for Companies, Organisations and Institutions for its Panorama Digital Command Centre (Panorama).
The recognition received reflects Panorama’s role in strengthening artificial intelligence (AI), big data and other advanced technologies to enhance efficiencies, optimize performance and unlock value. Since its inception in 2017, Panorama has generated over $1 billion in business value for ADNOC.
The state-of-the-art facility aggregates real-time information across ADNOC’s companies and uses smart analytical models, AI and big data to generate operational insights and recommendations. It shows over 250,000 real-time data points from all operational sites and gives full integration of data between offshore and onshore facilities.
Being the only global platform of its kind in the oil and gas sector, Panorama offers a unique advantage in terms of data integration, speed and accessibility across ADNOC’s operations. It can identify bottom-line value across all planning horizons, from daily to more than 30 years.
“We are honored to receive this prestigious award, which is a testament to the vision of our wise leadership. Through sustained investments in technology and innovation, ADNOC has become a champion in artificial intelligence and digitization, and we will continue to use cutting-edge and advanced technology to generate value, drive efficiencies and optimize our operations as we deliver on our 2030 strategy.”
Other than Panorama, ADNOC has initiated several services to hasten digital transformation across its entire value chain and it includes Thamama Subsurface Collaboration Centre which leverages big data, smart analytics and AI to help identify hydrocarbon resources and derive value from existing fields. ADNOC is also applying AI-enabled technologies for value chain optimization, predictive maintenance, and blockchain-based hydrocarbon accounting.
Offshore Technology Conference
Offshore Technology Conference (OTC) is the world’s most prominent offshore technology conference at which professionals meet to exchange ideas and opinions to advance scientific and technical knowledge for offshore resources and environmental matters.
The OTC Distinguished Achievement Award is decided by the OTC Board and recognizes major technological, humanitarian, safety, environmental, and leadership contributions to the industry per year. The previous three winners were Petrobras, Shell and ExxonMobil.