The Abu Dhabi Oil and Gas Company (ADNOC) is currently working on applying technology at every production step from oil platforms to trading platforms, according to ADNOC’s top official, TradeArabia reported.

Oil and Gas 4.0 aims to adopt new technologies in the oil and gas sector, connect with non-traditional partners, show environmental leadership and attract talents, ADNOC CEO Sultan Ahmed Al Jaber stated in an article published by ‘The Telegraph.’

”In short, as we enter a new age of technology, the world remains reliant on a 160-year-old industry, whose core mission is to responsibly and efficiently stay ahead of tomorrow’s energy demand. At ADNOC, we call this mission, Oil and Gas 4.0,” Al Jaber said.

”As we enter the Fourth Industrial Age, it is clear that this is an era defined by a transformation, not just of technology, but of opportunity. Never before in human history are so many people being raised out of poverty in such a short amount of time,” he noted.