TOGY’S Abu Dhabi energy report launched

The Oil & Gas Year Abu Dhabi 2015 was launched at the Jumeirah at Etihad Towers hotel today. Produced in partnership with the Abu Dhabi National Oil Company (ADNOC), FGB and the Ministry of Energy UAE, the report is the Oil & Gas Year’s fifth publication on Abu Dhabi’s energy industry.

The Minister of Energy, H.E. Suhail bin Mohamed Faraj Fares Al Mazrouei, delivered the keynote address at the launch event, which was succeeded by the year’s awards ceremony and a roundtable discussion. Commenting on the progress made in Abu Dhabi’s energy industry over the past year, he said: “As a nation blessed with the seventh-largest crude oil reserves in the world, the UAE continues to fulfil its responsibility to protect and sustain global energy markets. In a time of unsteady oil prices, we are showing in Abu Dhabi and across the country that we remain dedicated to reaching our long-term production goals.”

Schlumberger was presented with the Technology and Innovation of the Year award for its new GeoSphere reservoir mapping-while drilling service. The Petroleum Institute received the Local Content Development of the Year award. The Oilfield Services Company of the Year award recognised Abu Dhabi’s National Drilling Company, while Linde Engineering picked up the EPC Company of the Year award. A new award, the Strategy and Execution Project of the Year, was given jointly to the Abu Dhabi Marine Operating Company, the Abu Dhabi Gas Liquefaction Company and Abu Dhabi Gas Industries.

After the launch, H.E. Al Mazrouei chaired a roundtable discussion that brought together executives of several of the largest companies operating in Abu Dhabi’s oil and gas industry, including Shell, Total ABK, BP and ADNOC, in a debate on local and international co-operation in increasing the UAE’s supply of natural gas can help meet the country’s growing demand for energy.