Artificial Intelligence Adnoc signs $340m AI contract with Abu Dhabi’s AIQ By Eva Levesque March 11, 2025, 6:40 PM ADNOC The first operational, scalable version of Adnoc's agentic AI programme EnergyAI is expected to be completed in the middle of this year Agentic AI to be deployed Three-year agreement 90% boost to forecasts sought Adnoc, the Abu Dhabi National Oil Company, has awarded a $340 million contract to AIQ, a joint venture with Presight, a data analytics company based in Abu Ahabi, to introduce autonomous artificial intelligence, or agentic AI, across its upstream operations. The three-year agreement involves deploying EnergyAI, software that uses agentic AI to analyse large amounts of data, across Adnoc’s operations, AIQ said in a statement. Agentic AI is the term used for an autonomous system capable of making decisions and performing tasks without human intervention. It uses specialised AI “agents” trained on specific tasks, ranging from seismic data analysis to real-time process monitoring and energy efficiency management. UAE and France to invest up to $50bn in AI data centre AI, geopolitics and the Mena opportunity Mubadala seeks to balance AI risks and rewards Rather than reacting to prompts and queries by humans, it can make independent decisions based on pre-set goals. Adnoc’s CEO, Sultan Al Jaber, told the Adipec energy conference last year that his company was working with AIQ, the Abu Dhabi-based tech company G42 and Microsoft to develop the system, which aims to increase the accuracy of production forecasts by up to 90 percent. The collaboration is part of a broader industry trend toward energy companies increasingly using AI to try to maintain competitiveness and meet sustainability goals. The first operational, scalable version of EnergyAI is expected to be completed in the middle of this year. It will include five fully operational AI agents covering tasks within subsurface operations. It will be test-deployed at several “upstream assets”, the oil industry term for everything from oil fields and natural gas reserves to drilling rigs, with plans to scale its application to thousands of wells. AIQ was valued at $1.4 billion as of last May. Its shareholders are considering listing it this year, according to Bloomberg.
