The Abu Dhabi National Oil Company (ADNOC) has signed an agreement with ExxonMobil to jointly explore technology research and development (R&D) opportunities through the upstream oil and gas value chain.
Per the agreement, the companies will identify areas of mutual interest for conducting R&D and co-developing technology solutions that will help increase upstream operational efficiencies, strengthen health, safety and environment (HSE) management, and unlock business value. Initial areas identified include advanced non-metallic solutions, field testing and integrity management, smart reservoir management and well monitoring systems, and innovative emergency response systems.
Abdulmunim Saif Al Kindy, Executive Director, People, Technology & Corporate Support Directorate at ADNOC, stated that “we are excited to be expanding on our long-standing partnership to lay the foundation for ADNOC and ExxonMobil to share advanced technology learnings as well as accelerate the pace of technology development. This strategic partnership aligns with our broader focus to embed advanced technologies across ADNOC’s full value chain to drive greater cost and carbon efficiencies as we deliver on our 2030 smart growth strategy.”
For his part, Christian Lenoble, ExxonMobil UAE Lead Country Manager and President of Exxon Al Khalij Inc., added “ExxonMobil’s unique approach to research and working across all parts of the innovation stream puts us in an advantaged position to progress energy solutions from lab to field-scale.”