The Abu Dhabi National Oil Company (ADNOC) signed a 10-year contract with Honeywell to drive improved asset and machinery management across the company’s upstream and downstream operations, according to a press release by the company.
Honeywell’s asset monitoring and predictive analytics solution via artificial intelligence are anticipated to significantly boost yearly savings through reduced unplanned maintenance, increased reliability, uptime, and safety.
The contract is considered one of the largest predictive maintenance projects in the oil and gas industry and is part of ADNOC’s flagship Centralized Predictive Analytics and Diagnostics (CPAD) program, in line with the company’s 2030 Strategy and Oil & Gas 4.0 initiatives.
“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,” said Sultan Ahmed Al Jaber, UAE Minister of State and Group chief executive officer of ADNOC. “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.”