ADNOC says AI added $500 million of extra value in 2023

A person walks past a Abu Dhabi National Oil Company (ADNOC) poster during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates, October 31, 2022. REUTERS/Amr Alfiky/file photo

DUBAI (Reuters) - Abu Dhabi National Oil Company (ADNOC) generated $500 million of additional value in 2023 by using artificial intelligence, the company said on Tuesday.

"The value was generated from the integration of over 30 industry-leading AI tools across ADNOC's full value chain, from field operations to smarter and quicker corporate decision making," ADNOC said in a statement.