Saudi Aramco Recognized as a Leader in the Fourth Industrial Revolution
21 Jan, 2019, 09:24 ET
DHAHRAN, Saudi Arabia, January 21, 2019 /PRNewswire/ --
Saudi Aramco's Uthmaniyah Gas Plant recognized by the World Economic Forum for its leadership in technology application in Advanced Analytics and Artificial Intelligence
Saudi Aramco's Uthmaniyah Gas Plant (UGP) has been recognized by the World Economic Forum (WEF) as a "Lighthouse" manufacturing facility, a leader in technology applications of the Fourth Industrial Revolution. Saudi Aramco is the first energy company globally to be included in this select group of manufacturing sites. The plant is also the only facility in the Middle East to be recognized by WEF. The announcement was made ahead of WEFs Annual Meeting in Davos, Switzerland.
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The gas plant is one of the world's largest gas processing plants. It was commissioned in 1981 as part of Saudi Aramco's Master Gas System to process associated gas from oil wells. The facility is the latest example of Saudi Aramco's application of Advanced Analytics and Artificial Intelligence solutions to increase productivity while enhancing safety, reliability and efficiency of its operating facilities. The use of drones and wearable technologies to inspect pipelines and machinery has helped cut inspection time by 90% in this industrial facility.
"The recognition of the Uthmaniyah Gas Plant demonstrates Saudi Aramco's shift to transform and adapt in the rapidly changing global energy landscape. Uthmaniyah is only one part of our large integrated energy value chain where IR 4.0 technologies are playing a critical role to enable significant capital and operational efficiencies," said Amin H. Nasser, Chief Executive Officer of Saudi Aramco.
He added: "Through the application of IR 4.0 technologies, we can be at the forefront of the industry helping to shape the future of energy as part of Saudi Aramco's mission to supply oil and gas around the world safely and reliably."
The seven new facilities join nine other "Manufacturing Lighthouses" which WEF unveiled in September 2018. The 16 factories were selected from an initial list of 1,000 manufacturers based on their successful implementation of cutting-edge technologies of the future that drive financial and operational impact.
The "Lighthouse" program was conducted by WEF in collaboration with McKinsey during a year-long study. A study team visited UGP in Saudi Arabia and performed a thorough audit, focusing on UGP's top Industrial Revolution 4.0 integrated initiatives.
About Saudi Aramco
Saudi Aramco is a world-leading integrated energy and chemicals company. We are driven by our core belief that energy is opportunity. From producing approximately one of every eight barrels of the world's crude oil supply to developing new energy technologies, our global team is dedicated to creating positive impact in all that we do. We focus on making our resources more sustainable and more useful, promoting long-term economic growth and prosperity around the world. http://www.saudiaramco.com
SOURCE Saudi Aramco
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