The Oil & Gas Year Abu Dhabi 2016 book launch and awards ceremony

Industry professionals gathered at the event to celebrate the inauguration of the latest report from The Oil & Gas Year on the Abu Dhabi market. At the event, the UAE Undersecretary of Minister of Energy H.E. Dr. Matar Hamed Al Neyadi delivered a keynote address. The speech was followed by the year’s awards ceremony, which recognised the achievements and leadership demonstrated by Abu Dhabi’s finest institutions over the past twelve months.

ADNOC and Total were presented with the Partnership of the Year award for their joint project with the Masdar Institute and the Petroleum Institute for the consortium’s work on the Digital Rock Physics Project. Abu Dhabi Oil Refining Company, more commonly known as Takreer, received the award for carbon offsetting efforts for their work with Spanish engineering company Intecsa Industrial. For the successful commissioning of the Shah Gas Development Project at the end of 2015, Al Hosn Gas, a joint venture composed of ADNOC and Occidental Petroleum, received the Project Execution of the Year award. The National Drilling Company of Abu Dhabi took home the Best Technology Adoption of the Year award for their innovative island rigs. Finally, for their work in adapting proven technology to work in Abu Dhabi’s sour gas fields, Schlumberger received the Best Oilfield Services Company award.

The Oil & Gas Year Abu Dhabi 2016 explores the emirates’ progress in digital technology at the oilfield and competency building within the nation’s younger generation of industry professionals. The publication includes an updated map of Abu Dhabi’s onshore and offshore hydrocarbons concessions as well as a special chapter dedicated to the UAE’s Ministry of Energy’s landmark decision to remove transport fuel subsidies, implemented in the second half of 2015.

In the publication UAE Minister of Energy H.E. Suhail Mohamed Faraj Al Mazrouei was quoted as saying, “The development of existing fields requires a lot of capital expenditure and use of the latest technologies. All these elements are available in Abu Dhabi and I think we will be able to reach our goals. Our main strength is our portfolio of oil and gas assets and our proven reserves, as well as the quality of our reservoirs.”

The event was sponsored by Ali & Sons Oilfields Supplies & Services, Dubai Cable Company (Ducab), Huawei Technologies, Kaspersky, Occidental Petroleum, Schlumberger, Siemens, Weatherford International and Wood Group PSN.

The Oil & Gas Year is a series of executive reports produced on more than 30 countries. The publication’s global circulation is audited by BPA Worldwide and has an international readership of 69,000 readers in 101 countries.

 

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