Honeywell and ADNOC have announced a 10-year partnership to tackle one of the largest predictive maintenance programs in the history of the oil and gas industry. Honeywell was chosen by ADNOC because it has an incredible real time monitoring system that fits ADNOC's needs, and it also has a proven track record in the oil and gas industry.
ADNOC is pursuing this partnership as a part of its Centralized Predictive Analytics and Diagnostics (CPAD) program. This is a key component of ADNOC’s 2030 smart growth strategy and Oil & Gas 4.0 growth strategy.
Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of ADNOC, commented,
“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. ADNOC’s predictive maintenance project is significant in scale and in its application of AI technology, and marks an important technological milestone for the industry. Honeywell was selected as our valued technology partner to provide these state-of-the-art solutions after a highly competitive and rigorous process.”
The Honeywell Forge Asset Monitor and Predictive Analytics solutions will be leveraged from the Command Center is ADNOC's headquarters. Honeywell’s Panorama Digital Command Center collects data at a system-wide scale using smart analytical models, big data, and AI. These tools will allow the monitoring of as many as 2,500 pieces of equipment from the ADNOC Group.
The chairman and CEO of Honeywell, Darius Adamczyk, said,
“We are proud to partner with ADNOC as they lead the transformation towards Oil & Gas 4.0 and embrace the power of IIoT. Honeywell Forge delivers the advanced capabilities business leaders need to harness big data to drive more efficient decision-making and exceed business goals. We look forward to ADNOC realizing these benefits after deploying this leading-edge technology.”
ADNOC’s 2030 smart growth strategy and Oil & Gas 4.0 growth strategy were created to help the UAE gain as much as possible from every barrel of oil. The global oil markets have been under pressure this year, with WTI crude actually trading in negative territory during the financial panic earlier this year.
The Panorama Digital Command Center as well as the smart data analytics Thamama Subsurface Collaboration Center may help ADNOC compete in an increasingly competitive global oil market via AI-assisted value chain modeling and blockchain-based hydrocarbon accounting, as a part of a wider strategy to create value.