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Oil, gas crucial to Industry 4.0, says ADNOC CEO

Media IN Abu Dhabi 26th May 2019 / WAM

Adnoc is absorbing, embedding and applying cutting edge technology at every step of the production process from oil platforms to trading platforms.

It is clear that this is an era defined by a transformation, not just of technology, but of opportunity. Oil and gas will remain essential to the global energy mix and the basis for a wide range of modern consumer products.

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’. ‘Oil and Gas 4.0’ means rethinking how our industry adopts and applies technology, connects with non-traditional partners, shows environmental leadership and most importantly attracts and retains talent.

In 2019, we are still making breakthroughs,  but we are failing to tell our own innovation story in an exciting and compelling way- and that should be a priority because the biggest risk to our industry is not competition from other energy sources, but competition for talent.

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