Saudi Aramco is using new and developing technologies to accelerate its energy transition plans and to decrease carbon emissions.
“Our reliability for 2020 is 99.8 percent, one of the highest in the world in terms of delivery,” Aramco CEO Amin Nasser said at the Future Investment Initiative (FII) forum. He noted that using data analytics and simulation models in managing reservoirs helped Aramco hit 70% recovery rate.
During the conversation, minister of communications and information technology, Eng. Abdullah Al-Swaha, pointed out that there are many fluctuations, ambiguity and complexity in the future, and that the future will be for those who have resilience, flexibility and resistance. He affirmed the importance of investment and innovation in the field of digitization, indicating that the digitization in 2020 showed that it is not the largest multiplying economy for the continuous social and economic balance, especially on environment preservation.
Nasser indicated that Aramco has benefited from the acceleration of technology in discovery, recovery and maximizing the benefit from cost, efficiency and reliability as well as in carbon emissions.
“We have an advanced level of digitization and we move our various tools using satellites from our center in Dhahran,” Nasser said. “We care about our equipment and our reliability, and our reliability is at the highest levels for 2020 which represent 99%.”
