Qatar Review

Saoge -- a major oil and gas event

Saoge -- a major oil and gas event

Saoge stays at the forefront of oil and gas shows in Saudi

The exhibition provides the perfect platform for companies to critically evaluate their commercial policy and technological innovations against the backdrop of depressed crude prices, which has caused a severe downturn

Now in its eighth year, the Saudi Arabian Oil & Gas Exhibition – Saoge – remains at the forefront of supporting Saudi Arabia›s international oil and gas prominence.

With consistently high demand amongst the leading Saudi operators and their international partners to attend Saoge, the exhibition provides the perfect platform for companies to critically evaluate the commercial, policy and above all technological innovations against a backdrop of depressed crude prices, says a spokesperson of International Exhibition Services (IES), the organiser of the event.

The 8th Saoge will be held on October 17 to 19 in Dammam in the Eastern Province – Saudi Arabia’s core oil and gas hub – and will provide a direct access to industry at source. This year, the event will be set against a backdrop of reduced global demand and depressed pricing of crude.

Further, with the rise of newly emergent oil and gas exporters, a global oversupply, the exhibition will address the necessity to constantly innovate to secure the bottom line and ensure healthy refining margins, says the spokesperson.

With a raft of sector experience and an abundance of hydrocarbon supply, Saudi Arabia is well placed to enact Vision 2030. Formally announced on the April 26 by Mohammad bin Salman, the Saudi Crown Prince, the strategy envisages the diversification of the kingdom›s economy by utilising its oil and gas sector as a strategic asset to help the planned economic diversification and investments programme.

With planned international investment opportunities, sector restructure and privatisation as well as a divestment of Saudi Aramco assets, Saudi oil and gas industry is set to play a key role in mitigating its exposure to global hydrocarbon fundamentals risk.

As other producers come on-stream or seek to consolidate their position in a tight market, Saudi Arabia – as the Mena region’s leading producer – is seemingly well placed to maintain its position as the leading global petroleum exporter.

To this end, Saoge 2016 is a key component in this strategy as a centre for promoting cutting-edge technologies, best practices and senior stakeholder networking. Saudi Arabia ranks as one of the world›s 20 largest economies and is the largest economy in the Middle East and North Africa (Mena) region, says IES.

"Saoge is an excellent platform for exhibitors to join more than 250 private and public companies, research institutions and government agencies, in a gathering of all the oil and gas leaders working in the Eastern Province of Saudi Arabia. Three days together, under the one roof, sharing the common aim of promoting, connecting, networking and doing business," says the spokesperson.

Saoge is expected to attract over 10,000 visitors this October and to support this it will be running concurrently with the 2016 Machine Tools exhibition (MTE): two events held together, offering increased networking opportunities and more visibility for exhibitors.

Attendees travel from across the Gulf region and beyond to Dammam where Saoge facilitates the perfect platform to meet, network, learn and strengthen relationships, he adds.

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