As a result of the major expansion of its activities in oil and gas exploration and production, UAE today produces more than 2.8 million barrels of crude oil per day, putting it among the top oil producing countries in the world. Plans are underway to produce 3.5 million barrels per day by 2017.
This session will share an overview of the activities carried out by the ADNOC group and one of the major supporting contractor companies in their continuous efforts to support Abu Dhabi to be in a leading position as a reliable global energy supplier and in the use of the latest technology in exploration, drilling, production and reservoir management, and at the same time promoting sustainable development and international openness (cooperation).
Ali Khalifa Al Shamsi, Strategy & Coordination Director, ADNOC
Gamal Hassan, CEO, ADH International Group
The process of innovation involves making research and development (R&D) a reality in terms of practical and/or commercial applications. UAE’s Vision 2021 sees its economy into a model where growth is driven by knowledge and innovation: Productivity and competitiveness will come to rival the best in the world, as a result of investment in science, R&D and technology throughout the fabric of the UAE economy.
The objective of this special session is for a panel of distinguished R&D/Technology leaders across the Energy sector to share with us how international R&D centers (e.g., in IOCs, academia, service industry) can help accelerate the implementation of innovation in the UAE, in line with UAE’s Vision 2021. They will entertain discussions on topics around global‐local partnerships, capabilities/talent development, academia‐industry interactions, maturing and nurturing technologies from ideas to application, technology transfer/startups, and sustainable R&D culture.
Wafik Beydoun, Manager, R&D Division, ADNOC
Various studies indicate that petroleum and natural gas will remain the premium fuel of the next two to three decades, and perhaps much longer. Burning of hydrocarbons produces a significant amount of CO2, which may result in increasing CO2 concentration of the atmosphere. There is ample evidence from the past 400,000 years that an increase in CO2 concentration leads to global warming.
The CO2 produced from power plants and other sources, when captured, can be stored in the saline aquifers in the subsurface. The CO2 can also be injected in many oil reservoirs to significantly increase oil recovery.
In this special session, unique features of CO2 in relation to sequestration in subsurface saline formations, CO2 injection in the type of subsurface formations that can lead to substantial oil recovery, and modeling of the processes will be the focus of the presentations. The institutional and environmental challenges will also be discussed. There will be three talks at the session to cover unique features of CO2, past and present experiences with CO2 injection in some large subsurface formations, and reliability of modeling tools available to the industry. Two major oil companies will discuss their experiences with injection of CO2 for sequestration projects in the aquifers and in oil fields. Statoil will describe their extended experiences and results from CO2 sequestration in saline aquifers. Petrobras presentation will cover CO2 injection in deep offshore Brazil. The presentation from academia will also cover the type of oil fields that may benefit most from CO2 injection, and limitations and advances in simulation software for reliable predictions.
Abbas Firoozabadi, Professor of Chemical & Environmental Engineering, Yale University
In the last 10 years, East Africa became the new frontier in the oil and gas industry.
Discoveries of world-class reserves and proximity of the increasingly demanding markets of Asia and the Far East turned a region long ignored by international oil companies into a hub of frenetic activity and mushrooming opportunities.
From the hinterlands of South Sudan and Uganda, to the coastal and deep offshore areas of Somalia, Kenya, Tanzania, Mozambique and South Africa, the energy world has turned its focus of interest to the East African Rift and the Indian Ocean Basins. Conventional onshore and deep offshore, pre-salt and also unconventional shale prospects, are making a profound difference to a region marked by energy poverty. And certainly the rest of the world, too, will see significant changes.
Such bounty to come raises a number of questions for the future of these countries and the world at large:
Jose Pereira, Middle East Representative, Partex