REGIONAL NEWS
EVENTS SAUDI OIL AND GAS 2010
Technology is talked up Al-Hamli calls for further investment in oil and gas technology Getty Images
17-20 January 2010 Conference and Exhibition Riyadh, Saudi Arabia
WORLD FUTURE ENERGY SUMMIT 18-21 January 2010 Abu Dhabi, UAE
O&G MAINTENANCE TECHNOLOGY/PIPELINE REHABILITATION & MAINTENANCE 2010 18-20 January 2010 Exhibition – Manama, Bahrain
INTERSEC January 17-19 2010 Exhibition and conference, Dubai, UAE
OIL AND GAS INDIA CONFERENCE AND EXHIBITION (OGIC) January 20 2010 Renaissance Mumbai Hotel, Mumbai, India - conference
DEEP GAS CONFERENCE AND EXHIBITION (DGAS) January 24 2010 The Gulf Hotel, Manama, Upstream conference
OILTECH BAKU 23-24 February 2010 Exhibition and conference – Baku, Azerbaijan
SOUR OIL AND GAS ADVANCED TECHNOLOGY (SOGAT) 28 March – 1 April 2010 Conference – Abu Dhabi, UAE
10
Mohamed Al-Hamli, UAE Energy Minister, would like to see a greater investment in technology coming from the oil and gas sector.
The Minister of Energy for the UAE has urged the hydrocarbons industry to continue investing in new technologies to further enhance recovery from the world’s reservoirs. Speaking at the International Petroleum Technology Conference (IPTC) in Doha, Qatar, Mohamed Al-Hamli called for “integrated efforts and synergy between the producing and consuming countries, and the companies which conduct research and develop production technology”. Hamli also cited the massive improvements made to recovery percentages in recent years. “We should not forget that the percentage of oil production from reserves did not exceed 35% in the past. Whereas, by
Oil&Gas Middle East January 2010
virtue of the modern technology, it has gone up to 50%-60%, and according to many experts, it may even reach 80%, if current technology is developed further,” Hamli said. “The fact that half of the used energy is lost during transforming to useful forms of energy, would make us perceive the major and vital role technology can play in improving usage as well as production efficiency,” he added. Hamli also called on oil producing countries to assign a significant part of their revenues to invest in research covering exploration issues, and in establishing technology which is capable of ensuring energy supplies remain constant to consuming countries.
“The world puts almost complete reliance on fossil energy, which represents 80% of the energy in use today. We have to address major challenges. This fact requires managing science and technology to make current energy more favourable for the environment, and to develop alternative energy to add more economic value to energy and to become safer and more sustainable,” he said.
60%
Approximate percentage of oil production from reserves currently. It is hoped this figure can reach 80% through the use of technology.
www.arabianoilandgas.com