UAE's state-owned oil company ADNOC (Abu Dhabi National Oil Company) is set to be the first energy firm to use autonomous agentic AI. This initiative is supported by G42, another government-associated AI and cloud computing firm that got a $1.5 billion investment from Microsoft in April.
Insights from ADNOC's Leadership
In an interview with Reuters, ADNOC CEO Sultan Al Jaber mentioned that this strategy aims to "analyze petabytes of data" and will "proactively and autonomously identify operational improvements." Alongside G42 and Microsoft, the project also has backing from AIQ, a company created by ADNOC and G42 in 2020.
What is Agentic AI?
Agentic AI refers to an autonomous system that leverages the reasoning skills of LLMs (Large Language Models) to carry out tasks with minimal human involvement. These systems have the ability to evaluate vast data sets and create plans to achieve specific objectives.
Financial Impact and Environmental Benefits
In March, ADNOC reported that its use of AI tools generated five hundred million dollars in value throughout 2023, according to JPT75. The company stated it utilized over 30 AI programs to help decrease carbon emissions by one million metric tons from 2022 to 2023.
