Abu Dhabi National Oil Company (ADNOC) generated $500 million of additional value in 2023 by using artificial intelligence, the company said on Tuesday.
"The value was generated from the integration of over 30 industry-leading AI tools across ADNOC's full value chain, from field operations to smarter and quicker corporate decision making," ADNOC said in a statement.
The use of AI also prevented up to 1 million tons of carbon dioxide emissions between 2022 and 2023, the state oil giant said.
"As we grow our diversified portfolio to ensure secure, reliable and responsible supply of energy, we are further integrating AI to future-proof our business and drive greater and more sustainable value from our assets and resources," group chief executive Sultan Al Jaber said in the statement.
AI tools used by ADNOC include ones developed by AIQ, a joint venture with Abu Dhabi artificial intelligence company G42.
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