Saudi Aramco and AOC combine for EAGE 2013

Saudi Aramco and AOC combine for EAGE 2013

Senior leaders from across the industry headed numerous debates centered on the future of energy at the 75th European Association of Geoscientists and Engineers (EAGE) Exhibition, held at London’s Excel Centre.
The annual event continues to attract major names from across the energy field, including Saudi Aramco, which, together with overseas subsidiary Aramco Overseas Co. (AOC), maintained a strong presence this year.
The company was not only visible through its exhibition but was also a part of various technical workshops, panel discussions and lectures throughout the week.
Attending from the Kingdom were a host of technical proponents led by Ibraheem Assa’adan, executive director of Exploration.
Assa’adan met with a number of employees and visitors throughout the exhibit, and he also represented Saudi Aramco at one of the executive sessions discussing the world’s “Global Gas Challenge.”
“At Saudi Aramco, we are focused on the long-term and meeting the needs of the country’s energy demands, which will double by 2035 due to population growth,” Assa’adan said.
“The role of science and technology is critical to the success of creating a more flexible energy supply. In Saudi Arabia, industries such as unconventional gas are only a few years old, which is not long enough to have produced any real science,” he added.
“However, Saudi Aramco recognizes that this takes time and is taking the steps needed to evaluate the technical and economic viability of tight gas and shale gas in the Kingdom.”
AOC took the opportunity to continue with the promotion of its “Dream Big” recruitment drive targeting European oil and gas professionals interested in working in the Kingdom.
Both Saudi Aramco and AOC are keen to maintain the company’s knowledge reputation in upstream and have committed to hiring new personnel when the right applicants are available.
Other major sessions focused on the growing demand for energy and discussing ways of how to meet it, such as new areas and methods of exploration. The role of technology was viewed as critical for the development of exploration, particularly if new locations for drilling, such as the Arctic, were to become feasible.
Possible areas of innovation in exploration were identified as subsurface imaging, automated underwater vehicles and satellite sensing.
However, barriers to progress were also identified. In addition to environmental issues, such as water management, concerns were also raised about the social license to operate and the impact that exploring in new locations could have on company reputation.
Experts agreed that the public is now better informed than previously and that it was the duty of companies to keep the public updated and educated about new operations.
The EAGE conference’s strength has always been its openness, giving stakeholders a chance to discuss issues and challenges facing the energy industry.
“It is vital that Saudi Aramco has a presence at events for this very reason,” said Nabil Aldabal, managing director at AOC.
“Saudi Aramco and its subsidiaries are major stakeholders whose input and experience at events such as these are mutually beneficial for both attendees and us. It was encouraging to see the number of visitors to our exhibition stand, underlining our status within the industry and the desire of partners and individuals to work with us,” he said.
SOURCE: Saudi Aramco
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