ADNOC generates $1bn in value from Panorama Digital Command Center

The UAE’s state-owned oil company, Abu Dhabi National Oil Company (ADNOC), has reported the generation of over AED3.67bn ($1bn) in business value from its Panorama Digital Command Center since its commissioning in 2018.

The Panorama Digital Command Center is a fully integrated, real-time data visualisation centre designed to help ADNOC unlock efficiencies and identify new pathways to optimise performance.

The digital hub is said to be part of ADNOC’s ongoing strategic investments in digitisation and artificial intelligence (AI). It enables the firm to improve efficiencies and respond to complex market dynamics.

ADNOC noted that the Panorama digital hub is also enabling an agile response during the Covid-19 situation.

Using smart analytical models, AI, and big data, Panorama aggregates real-time information across ADNOC’s 14 specialist subsidiary and joint venture (JV) firms to generate operational insights.

ADNOC Group Digital team is currently managing the command centre, which is being accessed through secure remote work settings.

According to ADNOC, Panorama is one of the digital transformation initiatives undertaken by the company.

ADNOC Digital senior vice-president Abdul Nasser Al Mughairbi said: “The importance of embedding digital technology in businesses has never been greater and ADNOC’s continuous investment in digital transformation over the last three years allows us to be more resilient, agile and responsive in navigating today’s market landscape.

“Our Panorama Digital Command Center acts as our ‘eyes on the ground’ and enables speed, accessibility, and integration across our operations, key attributes that are required to make smart business decisions.

“We believe in being forward-thinking in our digital investments at ADNOC and are committed to leading the way with our digital transformation efforts to drive further value.”

In March this year, ADNOC and Saudi Aramco received a directive from the Ministry of Energy to increase its output from 12 million barrels per day (Mmbpd) to 13Mmbpd from April.

In February this year, Saudi Aramco received regulatory approval to develop the Jafurah non-associated gas field in the eastern province of Saudi Arabia.

In November, ADNOC invested AED1.8bn ($489m) to upgrade its Bab onshore field located approximately 160km south-west of Abu Dhabi.