Optimising efficiency, maximising value and enhancing performance key to navigating fast-changing energy landscape
World Oil and Gas Leaders to Convene in UAE Capital for ADIPEC 2016, fast-changing energy landscape
Abu Dhabi, UAE – 05 November: The fast-changing energy landscape makes it critical for the world’s energy companies to optimise operational efficiency, maximise asset value, and enhance performance, if they are to remain resilient and keep their competitive edge.
Developments in technology and innovation, and the evolving energy supply mix, are leading international and national oil companies to rethink how they operate, according to global energy leaders, who will gather in Abu Dhabi for the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2016). The world’s most influential event for the oil and gas industry, will take place at the Abu Dhabi National Exhibition Centre, from November 7 to 10.
At a time when market volatility is causing many producers and oil companies to rethink production levels, the Abu Dhabi National Oil Company’s (ADNOC) new five-year business plan and 2030 strategy confirms its intent to achieve a production target of 3.5m bpd in 2018.
Operational efficiency lies at the core of ADNOC’s strategy, as the national oil giant continues to build on its legacy of success and reaffirm its competitive position in the marketplace.
H.E. Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO, said: “Our industry’s landscape is changing, and ADNOC is evolving to meet the realities of the new energy era.
“We now have a new strategy and five-year plan in place to deliver a more profitable upstream, a more valuable downstream, a more economic and sustainable gas supply, and a world class workforce. This will ensure ADNOC remains a key driver of the UAE’s prosperity, creating lasting value for our people, our business and the economy.
“Our aim is to improve the organisation’s efficiencies and identify opportunities to further optimise our value chain. At the same time, we will be making strategic, commercially viable and targeted investments, aimed at building on our legacy of success and ensuring our continued growth.”
Meanwhile, the UAE Ministry of Energy is looking to align its strategy with the evolving global supply mix. This strategy includes boosting natural gas production to meet growing domestic demand.
“We are committed to being a reliable world supplier of hydrocarbons, but we also recognise that the industry is going through a transformation,” said H.E. Suhail Mohammad Faraj Faris Al Mazrouei, UAE Minister of Energy and a key speaker in ADIPEC’s Ministerial Sessions.
“Research, technology, and innovation are critical to enhancing efficiencies across the supply chain. We must embrace the new energy landscape by cultivating tomorrow’s generation of home grown energy professionals, deploying best practice, forging new relationships, and making strategic investments that will drive industry growth and progress. Only then can we truly pave the way to a sustainable energy future.”
Abu Dhabi is already established as a world energy hub. Annually, the UAE capital plays host to, arguably, the world’s largest petroleum exhibition and conference, ADIPEC. The landmark energy event has a longstanding track record of bringing together globally celebrated luminaries and experts to discuss challenges and opportunities in the oil and gas industry. This year, ADIPEC will bring more than 2,000 exhibiting companies, 8,500 delegates, and 700 speakers under one roof to shed light on some of the most critical industry topics.
The distinguished ADIPEC Conference Programme, now officially the world’s largest for the oil and gas industry, will address both technical and non-technical industry functions with a comprehensive agenda that includes 2 Ministerial Sessions, 3 Global Business Leader Sessions, 8 Panel Sessions, 8 Offshore & Marine Sessions, 8 Women in Energy Sessions, 3 Breakfast Sessions, 3 Luncheon Sessions, and 106 Technical Sessions
More than 50 per cent of ADIPEC attendees are expected to have sole or joint purchasing authority, demonstrating the event’s position not only as a global platform for knowledge exchange, but also as a powerhouse for local, regional, and international business opportunities in energy.
“The energy landscape is rapidly evolving, marked by an increasingly competitive business environment and a growing need to redefine strategies both in the boardroom and in the field,” said Christopher Hudson, President – dmg events, Global Energy.
“This new dynamic makes it critical that businesses stay ahead of the curve on the latest industry developments, not only to survive this energy evolution, but also to leverage the many opportunities it presents. ADIPEC offers industry stakeholders a single platform to connect with thought leaders, analysts, suppliers, and innovators, enabling them to deploy effective strategies based on real on-the-ground data and intelligence.”
ADIPEC 2016 takes place from 7-10 November at the Abu Dhabi National Exhibition Centre (ADNEC), and is supported by the UAE Ministry of Energy, the Abu Dhabi Chamber, and the Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi).