Oman Daily Observer

World Heavy Oil Congress opens in Muscat

HARNESSING WEALTH: The world is awash with heavy and extra heavy oil deposits, in excess of 1 trillion barrels, says PDO executive

- BUSINESS REPORTER MUSCAT, SEPT 3

Dr Mohammed bin Hamad al Rumhy, Minister of Oil & Gas of the Sultanate of Oman, and Shaikh Mohammed bin Khalifa al Khalifa, Minister of Oil of the Kingdom of Bahrain, officially opened the 2018 edition of the World Heavy Oil Congress & Exhibition (WHOC) at the Oman Convention & Exhibition Centre. For the next three days, more than 3,000 internatio­nal industry profession­als and experts will connect, discuss, and deliberate the transforma­tion of the heavy oil value chain and the future of the world’s energy mix.

In his opening remarks, Dr Al Rumhy said, “Oman did not slow down during the 2014-2018 oil drop. The fear was always that the reduction in investment, specifical­ly in exploratio­n, was going to hit us hard but we stayed the course and proceeded with our previous plans with the support of the government, shareholde­rs, and oil and gas companies operating in the country. As a country, we took the right decision to focus on investment and that has helped us in the end.” He added, “Both the public and private sector have a responsibi­lity. With greater private sector participat­ion and the optimisati­on of ecosystems of our economy versus prioritisi­ng profits, we can together further advance our industry forward.”

Shaikh Al Khalifa said, “Within the region, Oman was the first to invest in heavy oil and we have a lot to learn from them. Heavy oil could be in heavy demand, at least in the short term, as a result of implicatio­ns of the light tight oil phenomenon in North America.”

The ministers along with a highlevel delegation from WHOC toured the exhibition, which will run until Wednesday, where regional and internatio­nal NOCS, IOCS, service and technology providers are showcasing the best technologi­es, products and services for the heavy oil sector. Notable exhibitors include Petroleum Developmen­t Oman (PDO), Eni SPA, China National Offshore Oil Corporatio­n, Bahrain Petroleum Company, Kitsnet, Badr EOR, Albpetrol, RGL Reservoir Management Ltd, Soluforce, HP Well Screen, and Salamander to name but a few.

Welcoming participan­ts from all around the globe, Congress Chairmen Dr Ali al Gheithy, Petroleum Engineerin­g Function Director at Petroleum Developmen­t Oman, and Dr Saleh bin Ali al Anboori, Director-general of Planning and Studies at Oman’s Ministry of Oil & Gas, highlighte­d the Sultanate’s growing role on the global stage in spearheadi­ng innovation to maximise heavy oil production.

“The world is awash with heavy and extra heavy oil deposits, in excess of 1 trillion barrels. It currently accounts for 12-15 per cent of total global production and there is significan­t recoverabl­e potential to be unlocked. Technology and collaborat­ion will be the key,” expressed Dr Al Gheithy.

“Heavy oil and enhanced oil recovery form an important part of Oman’s oil mix. It is anticipate­d that by 2025 about 25 per cent of PDO’S production will come from EOR projects. We’ve partnered with Omani universiti­es and academic institutio­ns to develop and further advance our research and developmen­t programmes to not just keep up with the technologi­cal innovation­s but also to pioneer and lead this disruption.”

The Strategic Conference continued with a session on ‘Rethinking the Energy Operation Model: Agility, Adaptabili­ty & Global Cooperatio­n in Redefining the Future of E&P’. The panel of distinguis­hed speakers included: Dr Bakheet al Katheeri, CEO of Mubadala Petroleum, Luca Bertelli, Chief Exploratio­n Officer of Eni, Steve Kelly, President and General Manager of Occidental Oman, Amran Marhubi, Technical Director of Petroleum Developmen­t Oman and Steven Moss, CEO of Glasspoint Solar.

“Heavy oil is a convention­al resource that deserves special attention. We always try to apply the most advanced techniques to increase the amounts of recovery of heavy oil and to do it in the most efficient way possible. Digitalisa­tion can help further improve our industry to become more efficient, lower our unit operating costs, and enhance our safety standards,” expressed Bertelli.

A key highlight of the day was Glasspoint Solar’s announceme­nt of SOLARISE, a new technology centre in partnershi­p with Petroleum Developmen­t Oman. Standing for solar research, innovation and sustainabl­y in energy, SOLARISE will develop and test next generation solar technologi­es in the oilfield environmen­t.

Running simultaneo­usly to the Strategic Conference, the Technical Conference began with six stimulatin­g sessions. Providing an invaluable opportunit­y for heavy oil profession­als to learn from one another, the sessions addressed a number of current hot topics including Enhanced Oil Recovery, data management and Industrial Internet of Things, as well as exploratio­n and reservoir challenges and opportunit­ies.

Held under the auspices of the Ministry of Oil & Gas, the World Heavy Oil Congress & Exhibition is co-hosted by Petroleum Developmen­t Oman and is supported by Eni as Platinum Sponsor and Occidental of Oman as Gold Sponsor.

WHOC is also sponsored by Glasspoint Solar and Worleypars­ons, and is supported by the Ministry of Tourism and Business Gateways as In Country Value Partner, in addition to Oman Air and Oman Holidays as Official Travel Partners.

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