Adnoc’s Thamama generates AED4 billion in business value

SourceEmirates Business
SectorOil & Gas
CountryUAE

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Monday that its Thamama Centre 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 February (21-25). Named after the reservoir formation most dominant in Abu Dhabi, Thamama is a key part of Adnoc’s ongoing strategic investments in advanced technology, digitalisation 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 digitalisation, and smart analytics to help access hydrocarbon resources and unlock greater value from existing reservoirs.

Thamama also drives innovation across Adnoc’s upstream projects, optimises development costs and enhances value from all producing onshore and offshore fields in the Emirate of...read more...