The Abu Dhabi National Oil Company (ADNOC) selected Honeywell’s (NYSE: HON) asset monitoring and predictive analytics solution in a bid to improve asset and machinery management across ADNOC’s upstream and downstream operations. Utilizing AI technologies such as machine learning and digital twins, much is expected from the platform to form notable annual savings by decreasing unplanned maintenance, raising reliability and safety.
The contract, which is a decade old now defines the birth of the biggest predictive maintenance projects known in the industry of oil and gas. It is part of ADNOC’s defining program, Centralized Predictive Analytics and Diagnostics, (CPAD), which underlines the company’s 2030 Strategy and Oil & Gas 4.0 initiatives, with hopes of transforming ADNOC’s operations to take every advantage of the oil value, potentially delivering the greatest returns to the UAE.
In a statement by His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group chief of ADNOC “In an era where the oil and gas industry is being disrupted on multiple levels, it is important that we continue to drive innovation and seek new advanced technologies to further optimize performance and deliver sustainable returns,”. He further added that ADNOC’s predictive maintenance project is important in magnitude and the importance of AI, marking an important technological milestone for the company. Their selected partner was Honeywell for providing these modern solutions after a hard competitive routine.
ADNOC will deploy Honeywell Forge Asset Monitor and Predictive Analytics solutions at its Panorama Command Center, located in its Abu Dhabi headquarters. The Panorama Digital Command Center currently aggregates real-time information across ADNOC’s using modern intelligent models, AI and large data to create operational outlooks and alternate solution paths. Adding in solutions by Honeywell, the central monitoring of about 2,500 critical rotating equipment across all ADNOC Group companies will be possible.
“We are proud to partner with ADNOC as they lead the transformation towards Oil & Gas 4.0 and embrace the power of IIoT,” said Darius Adamczyk, chairman and chief executive officer of Honeywell. He further stated that Honeywell Forge delivers the advanced capabilities business leaders need to extract big data to enable better decision making and lead to better goals. They expect much success tobe reaped by ADNOC following access to the cutting edge technology.