00:00I want to start with the obvious. How were you able to maintain profits on an annual level,
00:07uninterrupted operations with everything that's been happening in the region?
00:13Excited to be with you, Aveer. I think the simple answer is our people have mastered
00:19discipline execution. What does that mean in practice? I think beating our safety performance.
00:25We managed to reduce our non-productive time by 60%. We deliver new assets ahead of time.
00:34We close complex deals ahead of time. I think all in all, it's really disciplined execution
00:40what makes this performance possible. And from this basic place, I cannot thank enough
00:46our people from the rec floor all the way to the boardroom for their support and their discipline.
00:54Okay. And so I want to talk about some of the projects that you have. Can you give us any
00:58update at all about the unconventional program that's meant to kind of unlock Abu Dhabi's potential
01:05when it comes to its assets? Any sort of update on where that is at the moment?
01:12I think we are making very great progress on unconventional to really unlock this potential
01:17for Abu Dhabi. I think we have started drilling wells in the beginning, around took us 50 days
01:22to drill a well. Today, we are about 13 days. So that was a really great, great performance.
01:27I mean, I can't really claim that we have done in this country something is like a benchmark.
01:33We are setting a benchmark for the industry. There is no one can claim they have doing one mile
01:39drilling a day, one mile a feet. So this performance is unheard of.
01:43So this is because of the technology, because of the AI, because of the discipline of our people.
01:51It's great that you mentioned AI because that's actually going to be my next question. I was
01:55taking a look at your report and you mentioned AI efficiency. So how does that work in an industry
02:00like yours? And what partnerships are you leveraging within Abu Dhabi, the likes of G42,
02:06for example, and its subsidiaries? I think for us, we believe in AI. AI is there really to help us
02:15to be
02:15more efficient, more productive. And I think we have really demonstrated the records being broken with the
02:22help of AI, basically how to anticipate problems in the future. How do you really drill better in the
02:29operation? So it's really helping us to efficientize our operation. And that's why we are really setting
02:35a benchmark in this industry in the region.
02:39And Abdullah, just finally, you've also reaffirmed or affirmed your outlook for the full year this
02:47year. And I want to go back to the geopolitics. Does that factor in the tensions or the escalation
02:53that we're seeing in the tensions yet again in the Strait of Hormuz and within the wider region?
03:01We do close, basically, we do have a close monitoring of what's happening in the region.
03:05I think what matters for us is really how to efficientize and make our operation resilient enough
03:11to offset any market condition and situation. And I think this is what we have seen today in our
03:17results, that we have beaten last year's performance. And I think that's really clear evidence
03:23how resilient this company is to protect its people, its operation, and its customers.
03:30And just finally, expansions in the wider region. We're looking at Raman, Kuwait. Anywhere else?
03:38Well, I think our strategy is clear that the growth domestically and in the region is very
03:45important. We would like to deliver a sustainable long-term value for our shareholders. So we have
03:53closed very good deals on the first half of the year, MBBS and SLDC. And we will continue, basically,
04:01to penetrate other markets whenever we see it at the right time.
04:05,
04:05.
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