ADIPEC 2017: IOC Leaders Share Tactics For Weathering Downturn
Total CEO Patrick Pouyanne and BP’s Group Chief Executive Bob Dudley shared insights on how their companies found opportunities in in the downturn.
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Based in the United Arab Emirates, Abdelghani Henni is a senior media and communications professional with international experience covering energy sector across the Middle East and North Africa region. He is a writer and editor with a proven record of securing top level interviews, including senior executives of national and multinational companies such as BASF, Chevron, Shell Chemicals, Exxon Mobil Chemicals, Saudi Aramco, Sonatrach, Kuwait Petroleum Corporation, LyondellBasell, Total, and NOC Libya. He has also interviewed senior governmental officials and ministers in Libya, Algeria and Qatar.
Total CEO Patrick Pouyanne and BP’s Group Chief Executive Bob Dudley shared insights on how their companies found opportunities in in the downturn.
Investments made by Middle East oil and gas producers are focused on adding new capacity.
Middle Eastern oil and gas producers are now focusing on developing unconventional resources like heavy crude oil.
Companies interested in participating in Lebanon’s first offshore licensing round have more time to prepare offers. The round features blocks in the Mediterranean Sea.
Industrial gas consumption leads to plans to drill wells in South Ghawar and Jafurah Basin.
Exploration activity targeting Jurassic carbonate reservoirs in North Kuwait has led to the discovery of six major tight gas fields in the last decade.
Egypt is speeding up negotiations with neighboring countries to finalize the demarcation of borders in the Mediterranean, which proved to hold huge reserve of natural gas compared to the Red Sea.
Through its R&D arm, Saudi Aramco is working on various R&D projects in an effort to increase the recovery factor of reservoirs from 50% to 70%.
Most of the shared oil and gas fields are located in the Arabian Gulf, which is considered one the world’s shallowest seas with depths rarely exceeding 100 m.
The combined gas reserves in the Gulf Cooperation Council (GCC) is about 1,500 Tcf, but much of the reserve is associated gas and expensive to extract.
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