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SAOGE 2016 Date: 17-19 October 2016 Venue: Dhahran International Exhibitions Center

Tackling hydrocarbon

challenges Saudi Arabia’s premier oil and gas exhibition will provide a platform for industry players to discuss and critically evaluate commercial and technological innovations, against the backdrop of depressed crude prices. ELD UNDER THE patronage of HRH Prince Saud Bin Naif Bin Abdulaziz, Governor of the Eastern Province, the 8th Saudi Arabia International Oil and Gas Exhibition (SAOGE) 2016 will host some 100 companies from 25 countries, with more than 10,000 visitors set to attend the show. Participants from countries including China, Egypt, France, Germany, Italy, South Korea, Russia, the UAE, the UK and the USA are expected at the event. Set against the backdrop of reduced global demand and depressed prices, and with the rise of newly emergent oil and gas exporters, the event will address the need for innovation, asset optimisation and efficiency to secure the bottom line and ensure healthy refining margins. As the foremost hydrocarbon producer in the world, with production reaching a record 10.62 mn bpd in July 2016, and with a number of midlife assets, the Saudi Arabian oil and gas sector plays a pivotal role in supplying global demand. SAOGE, organised by International Exhibition Services (IES) and hosted as per tradition in Dammam, the hub of the Saudi Arabian oil industry, will provide a platform for local and international industry leaders, technical experts and decision makers to



Issue 6 2016

SAOGE 2015 attracted almost 8,000 visitors. (Photo: IES)

assess the key fundamentals and drivers forging the global markets, and discuss the challenges facing the Saudi Arabian oil and gas industry. According to the organisers, with planned investment opportunities, sector restructure and privatisation, as well as the divestment of Saudi Aramco, the Saudi oil and gas industry is set to play a key role in mitigating the Kingdom’s exposure to hydrocarbon fundamentals risk. One of the key goals of Saudi Vision 2030 is to identify and implement transformative projects that promote industrial diversification. SAOGE will provide a platform

to explore opportunities for establishing joint ventures, which are central to this plan. Founded in 2008, SAOGE has enjoyed steady growth over the past eight years with a 23 per cent year-on-year annual growth rate, both internationally and within the Kingdom, the organisers stated. At this year’s event, SAOGE will run concurrently with the Machine Tools Exhibition (MTE), which is expecting more than 100 companies from 20 countries, the organisers commented. MTE exhibitors enjoy many synergies with oil and gas industry, many of their key customers coming from upstream operators. n

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Oil Review Middle East 6 2016  

Oil Review Middle East 6 2016