Saudi Aramco Plans to Increase Storage Capacity By 2025
10.26.2020 By Greta Talmaci - 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.

————-

Click Here to Access Today a 5,550 Tank Terminal Database With a Pro Trial
5,550 terminals as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

EIG’S Mid Ocean Energy Completes Acquistion of Tokyo Gas Intrests in Portfolio of Australian Integrated LNG Projects
03.29.2024 - NEWS
March 29, 2024 [Storage Terminal]- MidOcean Energy, under the stewardship of EIG, has completed t... Read More
Vitol Completes First Delivery of B30 Biofuel Blend in Singapore
03.29.2024 - NEWS
March 29, 2024 [Tank Storage]- Vitol Bunkers has completed the first delivery of B30 biofuel blen... Read More
BWC Terminals CEO Mike Suder Announces Retirement, President and COO Adam Smith Appointed Successor
03.29.2024 - NEWS
March 29, 2024 [BWC Terminal]-BWC Terminals, a provider of bulk liquid storage and logistics serv... Read More
SABIC Fujian Petrochemicals Co., Ltd. Proceeds with Large-Scale Ethylene Project Integrating Multiple Lummus Technologies and Services
03.29.2024 - NEWS
March 29, 2024 [Lummus Technology]- Lummus Technology, a global provider of process technologies ... Read More