Indications from Saudi Aramco CEO leverages technology to boost sustainability

Nasser indicated that Aramco has benefited from the acceleration of technology in discovery, recovery and maximizing the benefit from cost, efficiency and reliability as well as in carbon emissionsNasser indicated that Aramco has benefited from the acceleration of technology in discovery, recovery and maximizing the benefit from cost, efficiency and reliability as well as in carbon emissions

January 28, 2021 Stu Turley Crude Oil News, Fossil, International News
Saudi Aramco leverages technology to boost sustainability - Energy News Beat
Amin Nasser, Saudi Aramco CEO

Saudi Aramco is using new and developing technologies to accelerate its energy transition plans and to decrease carbon emissions.

“Our reliability for 2020 is 99.8 percent, one of the highest in the world in terms of delivery,” Aramco CEO Amin Nasser said at the Future Investment Initiative (FII) forum. He noted that using data analytics and simulation models in managing reservoirs helped Aramco hit 70% recovery rate.

During the conversation, minister of communications and information technology, Eng. Abdullah Al-Swaha, pointed out that there are many fluctuations, ambiguity and complexity in the future, and that the future will be for those who have resilience, flexibility and resistance. He affirmed the importance of investment and innovation in the field of digitization, indicating that the digitization in 2020 showed that it is not the largest multiplying economy for the continuous social and economic balance, especially on environment preservation.

“We have an advanced level of digitization and we move our various tools using satellites from our center in Dhahran,” Nasser said. “We care about our equipment and our reliability, and our reliability is at the highest levels for 2020 which represent 99%.”
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Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.

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