AI helping industry to manage in a sustainable way: Aramco

  • Date: 20-Oct-2021
  • Source: Trade Arabia
  • Sector:Industrial
  • Country:Gulf
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AI helping industry to manage in a sustainable way: Aramco



Artificial Intelligence (AI) is allowing firms to manage the oil and gas sector in a sustainable way and has the potential to reinvent the industry, allowing companies to discover more, recover more, while keeping the environment cleaner.

 

“It is often said that data is the new oil, the most important resource of the 21st century. At Saudi Aramco, we could not agree more. Data and AI are central to our digital transformation strategy, and we have invested and continue to invest heavily in the latest digital applications,” said Nabil Al-Nuaim, Vice President, Digital Transformation, Saudi Aramco, at the Society of Petroleum Engineers (SPE) Virtual Symposium on Artificial Intelligence—Towards a Resilient and Efficient Energy Industry. 

 

Hosted by Saudi Aramco, this two-day symposium provided a platform for industry professionals to discuss the various capabilities and potential applications of AI as one of the main enablers for digital transformation.

 

The event commenced with opening remarks by the symposium chairman, Abdulaziz Al Sufayan, Assistant to Vice President, Petroleum Engineering and Development, Saudi Aramco, who welcomed everyone to the event and said: “Our industry is well-established with data infrastructure containing over 100 years of information. The power of Artificial Intelligence (AI) unleashes unlimited opportunities for harnessing knowledge, driving