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Developing safe, ecologically-friendly, and cost efficient methods of hydrocarbon production through innovation will be the primary focus of this year’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), industry leaders revealed yesterday.
Senior-level executives, decision makers, and innovators are gearing up for the ADIPEC 2015 Conference Programme, which will invite the world’s best and brightest minds to the stage to address the challenges and opportunities facing the oil and gas industry.
Mr Ali Khalifa Al Shamsi, Strategy and Coordination Director at the Abu Dhabi National Oil Company (ADNOC) and ADIPEC 2015 Chairman, said: “Innovation is a continuous process and ADIPEC is the best place to see the latest innovations in the hydrocarbon industry, both regionally and worldwide. Sharing knowledge and forging partnerships is key to innovation. ADIPEC provides a perfect platform for collaborating, sharing, and partnering as we maximise our joint resources and expertise.”
Energy security is a responsibility shared by all industry stakeholders, one that relies on the application of innovative, environmentally-safe technologies, according to the world’s oil and gas giants.
“Global energy demand is set to rise by up to 75 per cent by the middle of the century as many people are lifted out of poverty, and our industry has a strong role to play in helping meet that demand,” said Andrew Vaughan, Shell Vice President for Abu Dhabi and Kuwait, and Country Chairman for Shell Abu Dhabi.
“The challenge we face is how to meet that demand in a cost effective manner while protecting the environment, and, in particular, facing the real challenge of climate change. The opportunities are for those companies that can innovate and maximise recovery and efficiency of production.”
Companies that recognise research and development as a fundamental tool for advancing the energy sector will make the most significant contributions to the industry in the long-run, added Vaughan.
“Over the past decade, we have seen huge advances in enhanced oil recovery, drilling technologies with expandable tubulars, reservoir imaging with advanced seismic processing, as well as recent advances in carbon dioxide capture and storage, which will ultimately contribute to mitigating the effects of climate change,” Vaughan said.
Although fossil fuels will continue to meet the majority of the world’s growing energy demand through to 2035, cleaner and more cost-efficient resources will experience rapid growth. This is why companies need to maintain a long-term approach to business, making the “right investments” in the global journey towards sustainable energy, according to experts.
“We are all adapting to life in a lower oil price world…. We need to run safe, reliable, simple, and efficient businesses,” said Lamar McKay, BP Chief Executive, Upstream and an ADIPEC 2015 Conference speaker. “We need to manage capital spending. We need to reschedule some projects. But we also need to make the right choices about where investments for the future will occur.”
The technology challenges for the oil and gas industry seem reasonably clear, according to McKay -- producing hydrocarbons safely, accessing new resources economically, using energy more efficiently, and creating a more sustainable energy future.
“To meet these challenges, technology and innovation are absolutely vital for our industry,” McKay said. “For example, in partnership with [local oil companies] we have worked on some key enhanced oil recovery projects as well as advanced reservoir modelling and digital oilfield technology.”
Aside from the current economic environment and the geo-political instability in some parts of the region, the major challenge facing the Middle East energy sector is maximizing resources, including balancing regional supply and demand, and increasing the contribution from sustainable energy, according to Hatem Nuseibeh, President of Total UAE.
“With respect to maximizing reserves, Total’s long term presence and knowledge of the region’s reservoirs and their geology are enabling us to make a major contribution,” Nuseibeh said. “Through such intra-country projects as Dolphin, which supplies gas from Qatar to the UAE, we are also helping to balance supply and demand.”
Hosted by the Abu Dhabi National Oil Company (ADNOC) and organised by dmg events, ADIPEC is the global meeting place for oil and gas professionals, business innovators, and industry decision makers.
“The ADIPEC Conference Programme, including the Ministerial and CEO Plenary Sessions, brings together the world’s industry leaders under one roof, providing a platform for knowledge-exchange at the senior-most levels of the energy sector,” said Christopher Hudson, President – Global Energy at dmg events.
“The Technical Conference component of the programme engages oil and gas professionals across all levels, from decision makers to those implementing innovative new technologies on the ground. The challenges presented by today’s economic environment require a comprehensive approach to sustainability, and this is precisely what ADIPEC enables.”
The four-day ADIPEC 2015 Conference Programme, which kicks off on 9 November and is organised by the Society of Petroleum Engineers (SPE), will feature two Ministerial Sessions, two CEO Plenary Sessions, as well as six Panel Sessions covering the Global Energy Mix; Operations; People; Health, Safety and Environment; Research and Development; and Technology.
The record-breaking ADIPEC 2015 Technical Conference Programme will feature 79 technical sessions with nine topics ranging from E&P Geoscience and Field Development, to Unconventional Resources and Operational Excellence.
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