OQ showcases its innovations, energy mix and plans to build a sustainable future at OPES 2024
OQ, the global integrated energy company, represented by its Exploration and Production arm, OQEP, showcased its innovations, energy mix and plans to build a sustainable future. OQ participated in Oman Petroleum & Energy Show (OPES), the prestigious event that embraces the entire oil, gas, and energy industry, as a principal sponsor.
OPES 2024 had together more than 200 expert speakers to shed light on global initiatives that will impact the oil and gas industry. Participants from over 24 countries and more than 900 delegates attended the conference and exhibition. The event was held under the auspices of Oman’s Ministry of Energy and Minerals.
After the inauguration, the OQ booth was visited by the Guest of Honour, Eng Salim bin Nasser al Aufi, the Minister of Energy and Minerals, as well as by a number of delegates and visitors, where the group highlighted its outstanding achievements and its road-map for a sustainable future which manifested in three clear pathways to reduce carbon footprint and to diversify revenue by promoting energy efficiency, clean energy, and low carbon molecules.
OQEP also demonstrated how its initiatives are designed to help Oman build a hydrogencentric economy, in line with Oman Vision 2040 and the national agenda to achieve carbon neutrality by 2050.
Commenting on OQ participation, Ahmed al Azkawi, Chief Executive Upstream of OQEP, said: “As a meeting place for energy companies and expertise from around the globe, OPES presents us with an opportunity to project OQ as an integrated energy group focused on building a clean and sustainable future.
In our participation, we have gone beyond production and revenues, highlighting the need to engage all stakeholders towards building a sustainable future in line with Oman Vision 2040 and carbon neutrality 2050 objectives. OQ is leaving no stone unturned to apply best industry practices in order to reduce carbon emissions produced by its existing and future projects. We are pleased to report that we have been able to reduce these emissions to as low as 6 kg CO 2 e/boe in some of our facilities.
Moreover, we recently made the final investment decision for Marsa LNG project that will achieve less than 3 kg of carbon dioxide for every oil equivalent barrel which is one of the lowest GHG intensity plants in the world”.
“As part of our sustainability efforts, OQ introduced digital platforms to measure, monitor, and control our emissions.
Through our OPES participation, OQ highlighted the importance of maximising the value of current resources and oil and gas reserves as the company strives to build a cleaner and sustainable future,” Al Azkawi concluded.