ABU DHABI, twenty third February, 2021 (WAM) — Over 30 of the world’s main oil, gasoline, and petrochemical Chief Expertise Officers (CTOs) gathered just about to debate the function of know-how and innovation in shaping the way forward for the oil and gasoline trade because it responds to disruptive forces and navigates the post-COVID restoration.
The CTOs had been convened by the Abu Dhabi Nationwide Oil Firm (ADNOC) in what was the corporate’s first CTO Roundtable which is ready to be held yearly. This 12 months’s version is going down as a part of ADNOC’s innovation week.
The unique, invitation-only occasion, held underneath the Chatham Home Rule, was opened by Dr. Sultan bin Ahmed Al Jaber, Cupboard Member and Minister of Trade and Superior Expertise, Group CEO of ADNOC, who welcomed the CTOs and highlighted the significance of the roundtable.
The discussion board offered a platform for the CTOs to change views and share insights on how innovation and know-how will help tackle key points dealing with the trade, in a post-Covid economic system. Matters mentioned embody digitalization, decarbonisation, and the potential of future fuels.
On the finish of the roundtable, the CTOs agreed on a white paper on innovating in response to the huge disruptions and fast-moving tendencies throughout the trade.
Dr. Alan Nelson, ADNOC CTO, stated: “We’re delighted to have efficiently hosted ADNOC’s first CTO Roundtable. The occasion was well timed and offered a platform for know-how leaders from the oil and gasoline trade to share insights and views on how we are able to increase cooperation and transfer the know-how needle to deal with the unprecedented challenges we face. I sit up for advancing the dialog on how our trade can leverage innovation and know-how to unlock new alternatives and stay competivite within the new vitality panorama, on the subsequent version of the roundtable.”
The roundtable was moderated by Professor Nicholas Webb, a bestselling writer and inventor with over 40 patents by the U.S. Patent and Trademark Workplace.
Going down just about from February 21-25, the ADNOC Innovation Week is bringing collectively hundreds of its staff to interact on its know-how roadmap and innovation technique geared toward enabling the corporate’s imaginative and prescient to grow to be a know-how chief within the oil and gasoline trade.
Over the previous 4 years, ADNOC has made strategic investments and launched a number of initiatives in know-how and innovation as a part of its digital transformation to boost efficiencies, optimize efficiency and unlock better worth from its belongings and sources. These initiatives embody the Panorama Digital Command Middle and Thamama Subsurface Collaboration Middle which have every generated over $1 billion (AED3.67 billion) in enterprise worth since inception.
ADNOC can also be making use of AI-enabled applied sciences for worth chain optimization, predictive upkeep, and blockchain-based hydrocarbon accounting.
WAM/Tariq alfaham/Hatem Mohamed