The Saudi Arabian Oil Company (Saudi Aramco) continues to delve into the digital transformation space and seeks to increase its data storage capacity four times by 2025, the company’s chief engineer, Ahmad A. Al-Sa'adi, said during the Global AI Summit.
He added that the oil giant has invested in building a global developable data centre and plans, at the same time, to double its capacity, noting that the oil and gas sector is no way far from the technological advancement.
The two-day summit was held on 21 October under the theme of “AI for the Good of Humanity”.
Al-Sa'adi revealed that Saudi Aramco invested in more than 15 local and global startups that focus on artificial intelligence (AI) and machine learning.
Highlighting its economic value in oil and gas operations, he said that AI technologies helped the company reduce energy consumption in the Khurais oilfield by 18%, lower maintenance costs by 30%, and cut inspection times by around 40%.
More into digital transformation, the company invests in upgrading its cybersecurity capabilities. It has developed an internal machine learning platform to broaden governance framework, quickly detect risks, increase protection levels while accelerating inspection capabilities.
