Saudi Aramco Plans to Increase Storage Capacity By 2025
10.26.2020 - NEWS

October 26, 2020 [ITP.net] – The oil giant has invested in building a global developable data centre and plans, at the same time, to double its capacity, noting that the oil and gas sector is no way far from the technological advancement.

The Kingdom’s Saudi Arabian Oil Company (Saudi Aramco) is looking to increase its data storage capacity by four times as it looks to further its digital transformation plans.

This was revealed Ahmad A. Al-Sa’adi, Saudi Aramco’s chief engineer, during the Global AI Summit.

At the summit he revealed that investments have been made in building a global developable data centre and plans, at the same time, to double its capacity, the Saudi Press Agency (SPA) reported.

Al-Sa’adi also revealed that the Saudi oil giant has invested in more than 15 local and global startups that focus on artificial intelligence (AI) and machine learning.

Highlighting its economic value in oil and gas operations, he said that

It was also revealed that AI technologies helped the company reduce energy consumption in the Khurais oilfield by 18%, lower maintenance costs by 30%, and cut inspection times by around 40%.

The advancement in digital transformation has also seen an upgrade in cybersecurity capabilities.

Saudi Aramco has developed an internal machine learning platform to broaden governance framework, quickly detect risks, increase protection levels while accelerating inspection capabilities.

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