AN ITP MEDIA GROUP PUBLICATION NOVEMBER 2024 • VOL. 20, ISSUE 11 Will algorithms power the next energy revolution? THE AI OIL RUSH OAG_Nov2024_00_Cover_13416245.indd 129/10/2024 17:40Find out more at arielcorp.com/applications Untitled-16 129/10/2024 13:50- The Oil & Gas Team Welcome to this special issue of Oil & Gas Middle East, dedicated to one of the most important events in the global energy calendar — ADIPEC 2024. As the world’s largest energy event, ADIPEC attracts more than 184,000 attendees, 2,200 exhibitors, and 1,600 speakers, offering unparalleled opportunities for networking, knowledge sharing, and discovering the latest innovations in the industry. Held in Abu Dhabi, this event is where the future of energy is shaped, as leaders discuss strategies to meet the dual challenges of global energy demand and the ongoing energy transition. We are excited to invite you to visit us at ADIPEC this year, where Oil & Gas Middle East will be on hand to engage with industry professionals and cover the key developments. To find us and learn more about the show, check out our preview on page 30. One of the key topics you’ll notice throughout ADIPEC — and this issue — is the fascinating role that artificial intelligence (AI) is beginning to play in the oil and gas industry. AI is no longer a futuristic concept; it’s here, and it’s changing the game. What makes AI so compelling is its ability to process vast amounts of data and make precise decisions in real-time, helping companies optimise exploration, improve efficiency, and enhance safety. Imagine AI-powered algorithms analyzing seismic data in seconds or adjusting well operations autonomously — this is the future we’re all stepping into. Our cover feature, ‘AI Strikes Oil: Can Algorithms Power the Next Energy Revolution?’, dives into the potential of AI to revolutionize the industry. From improving drilling accuracy to predictive maintenance and environmental protection, AI is touching every aspect of oil and gas. Yet, for all its promise, it also brings challenges — particularly the need for high-quality data and the industry’s readiness to fully embrace it. We hope you enjoy exploring this issue, and we’re looking forward to seeing you at ADIPEC 2024. The future starts here... EDITOR’S LETTER oilandgasmiddleeast.comNovember 2024 3 OAG_Nov2024_3_Editor Letter_13412822.indd 329/10/2024 17:414 November 2024 46 Will algorithms power the future of energy? 54 Meet the top oilfield service giants of 2024 30 What to expect at this year’s ADIPEC 2024 22 BP abandons its planned 2030 oil output cut 46 COVER STORY Highlights in this issue: oilandgasmiddleeast.com OAG_Nov2024_4-5_Contents_13412826.indd 429/10/2024 13:35November 2024 5oilandgasmiddleeast.com Scan the QR code and subscribe for full access to our website, monthly issues, and magazine archive. Also inside: Subscribe now 66 26 / Digital Transformation Thomas Gautherot, VP of Drilling & Wells, on how TotalEnergies is advancing sustainable well operations. 34 / ADIPEC Preview Discover the key exhibitors to watch at this year’s ADIPEC, showcasing cutting-edge innovations in the energy sector. 42 / Country Focus Exploring how the UAE balances its rich energy heritage with forward-thinking innovations in clean and renewable energy. 60 / Project Focus Get the inside scoop on a groundbreaking project that’s set to reshape the energy landscape. 66 / Industry Snapshot How a cutting-edge rig is using AI to revolutionize offshore drilling and drive efficiency in oil production. 26 34 8 42 KEEP UP-TO-DATE For all the latest news, check out oilandgasmiddleeast .com 8 / Big Picture ADNEC, a cultural icon, will host ADIPEC 2024, cementing its status as a hub for global energy leaders. OAG_Nov2024_4-5_Contents_13412826.indd 529/10/2024 17:42PO Box 500024, Dubai, UAE Tel: +971 (0)4 444 3000 Web: www.itp.com Offices in Abu Dhabi, Dubai, London, Mumbai, Riyadh & Geneva ITP MEDIA GROUP CEO: Ali Akawi Managing Director: Martin Chambers Head of Digital Media: Thomas Shambler EDITORIAL Deputy Editor: Pooja Kapoor +971 4 444 3457 / pooja.kapoor@itp.com Commercial Editor: Angitha Pradeep +971 4 444 3278 / angitha.pradeep@itp.com ART Art Director: Amjad Ayche Art Editor: Tofi q Memon ADVERTISING Group Commercial Director: Anup Nagpurkar +971 4 444 3573 / anup.nagpurkar@itp.com Senior Commercial Manager: Andrea Mocay +971 52 329 3301 / andrea.mocay@itp.com Commercial Manager: Omair Yusuf +971 58 213 9048 / omair.yusuf@itp.com PHOTOGRAPHY Senior Video Editor: Liju Cheruvathur MARKETING Senior Events & Marketing Manager: Eleanor Ashton / eleanor.ashton@itp.com Associate Events & Marketing Manager: Kate Galaktionova Events & Marketing Manager: Dmitry Lazarenko Associate Events Manager: Vrinali Nazareth Events Administrative Assistant: Aronn Pureza Events Administrative Assistant: Bobbie Rosario Events Sales Assistant: Joyce Salonga events@itp.com PRODUCTION Production Manager: Balasubramanian P DISTRIBUTION Circulation Executive: Rajesh Pillai Distribution Coordinator: Avinash Pereira ITP GROUP CEO: Ali Akawi CFO: Toby Jay Spencer-Davies The publishers regret that they cannot accept liability for error or omissions contained in this publication, however caused. 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PUBLISHED BY AND © 2024 ITP MEDIA GROUP FZ-LLC. oilandgasmiddleeast.com6 November 2024 OAG_Nov2024_6_Flannel_13412827.indd 629/10/2024 22:44Untitled-7 128/10/2024 12:19THE BIG PICTURE oilandgasmiddleeast.com8 November 2024 The Abu Dhabi National Exhibition Centre (ADNEC), known for its striking design and expansive facilities, will once again host ADIPEC 2024 from November 4 - 7. Opened in 2007, ADNEC has grown into one of the Middle East’s best venues for large- scale international events, particularly in the energy sector. Its modern architecture and cutting-edge infrastructure have made it a natural choice for hosting ADIPEC, the world’s largest oil and gas exhibition. Located in the heart of Abu Dhabi, ADNEC spans 133,000 square meters of indoor space, boasting purpose-built conference halls and exhibition areas designed to accommodate thousands of industry professionals. Its flexible layout and state-of-the-art technology ensure it meets the demands of global events like ADIPEC, where major deals and decisions that shape the energy landscape are made. As the venue prepares to welcome over 150,000 delegates from around the world, ADNEC continues to reflect Abu Dhabi’s ambition to be a leader in energy innovation and policy. It remains a key part of the city’s growing influence on the global stage, providing the backdrop for critical discussions on the future of oil, gas, and the energy transition. ABU DHABI’S LANDMARK FOR GLOBAL ENERGY ADNEC, a modern architectural icon in Abu Dhabi, gets ready to host ADIPEC 2024, the year’s most important energy event OAG_Nov2024_8_Big Picture_13432497.indd 828/10/2024 21:43INVESTED IN OPPORTUNITY T. 966 13 824 9222 info@rawabiholding.com Rawabi.com Untitled-17 129/10/2024 14:01Next >