ADNOC
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The new AIQ ownership structure will see Presight acquire 51% shareholding, with ADNOC retaining 49% and receiving a 4% stake in Presight. AIQ will continue to operate as a standalone company. -
This paper describes the engineering design and operational execution practices that supported setting of a new extended-reach world record in a mature carbonate field offshore Abu Dhabi.
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This paper addresses the challenges of integrating huge amounts of data and developing model frameworks and systematic workflows to identify opportunities for production enhancement by choosing the best candidate wells.
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The national oil company credits lean operating practices and AI for making the three-well, 45,000 B/D project economically viable.
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The project advances toward the final investment decision expected this year.
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Consortium suspends planned purchase of 50% stake in Israeli gas producer in light of ongoing military conflict in the region.
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More than two dozen artificial intelligence systems are being celebrated for delivering massive value to the national oil company.
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The company says it has used more than 30 AI tools to unlocked significant value across its full value chain.
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The Research Council of Norway’s $118,000 grant will support development of longer fishbone laterals to raise production while lowering carbon footprints.
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BP will offer up development concessions while ADNOC will provide cash for growth opportunities.
