Adipec Preview 2015

Al-Hail Enterprise on Nasr Offshore Field

Al-Hail Enterprise on Nasr Offshore Field

Dedicated zone for offshore projects

The leading oil and gas event will host the region’s largest waterfront Offshore and Marine Zone for the first time in support of sector growth

Offshore reserves will account for approximately 50 per cent of total oil production in Abu Dhabi by 2018 as a result of continued investments in production capacity, experts reveal. With $25 billion worth of investments in offshore oil projects planned by the Abu Dhabi National Oil Company (Adnoc) over the next five years, advancing the sector through developments in research and technology is becoming ever more critical to preserving it as a valuable energy resource, say industry leaders. The Adnoc investment is part of the UAE’s strategy to boost its total oil output capacity to 3.5 million barrels per day (mbpd) by 2017-18 from the current 2.8 mbpd.

Currently, an estimated 40 per cent of oil produced in Abu Dhabi comes from offshore reserves, however sources say that figure will rise to 50 per cent in the next three years. Globally, about 30 per cent of oil produced worldwide comes from offshore oil wells, and offshore resources are playing a greater role in supplying the rising demand for energy, with a growing interest in the potential of deep water reserves.

According to figures from a 2014 report by Total, the deep offshore is believed to contain more than 5 per cent - an estimated 300 billion barrels - of the world’s liquid hydrocarbon resources, or 12 per cent of total conventional oil resources. In 2013, deep water liquid reserves accounted for 6 per cent of global production. That share is forecast to rise to close to 11 per cent of conventional oil output, or 9 mbpd, by 2035, according to the same document.

In line with regional and global efforts to continue exploring and developing offshore production, Adipec will be launching a dedicated Offshore, Marine and Heavy Equipment Zone situated on the waterfront at the Adnec, only 150 metres away from the main exhibition floor. The new area will cover 8,000 gross sq m of space, with a jetty that extends 500 metres long.

'Adipec is pleased to be the first oil and gas exhibition in the Mena region to dedicate an entire waterfront section to offshore, subsea and marine products and services,' says Ali Khalifa Al Shamsi, director of strategy and coordination at Adnoc, and Adipec 2015 chairman. 'The Offshore, Marine and Heavy Equipment Zone will allow exhibitors to showcase their subsea and marine products and services in their native environment, a unique advantage that will offer both participants and visitors a valuable experience,' he adds.

Dagher Al Marar, CEO, Abu Dhabi offshore services company, Esnaad, and Adipec 2015 Offshore and Marine Conference Advisory Board Member, says: 'Offshore production will represent around 50 per cent of oil production in Abu Dhabi by 2018, and therefore Esnaad’s offshore services primary role is to accommodate the logistical and technical requirements of this vital sector within the emirate of Abu Dhabi. Tapping into offshore oil reserves has always had its specialty and challenges, and advances in technology have been helping the industry overcome such challenges.'

A purpose-built zone that provides water access, mooring, and quayside exhibition space will allow more than 200 exhibitors to showcase a host of offshore products and services, including ships, rigs, and vessels, subsea drilling equipment, oceanography and mapping equipment, pipelines and piping components, and tools for reservoir production and monitoring.

The inaugural Adipec Offshore and Marine Conference, produced and managed by dmg events, will take centre-stage in a purpose built dedicated waterside theatre, where more than 40 industry experts will present valuable offshore oil and gas knowledge and information.

Three keynote presentations will look at critical sector topics, including an economic analysis of offshore exploration and production, the role of the shipping industry in the 21st century, and operator cost reduction initiatives.

In addition, 15 industry sessions will offer exclusive panel discussions, case studies, and project updates focusing on vital developments related to shipping, maritime security and safety, pipeline infrastructure and transportation, shallow and deep water exploration and production, oil field developments, drilling and completions, and technological advances.

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