INTERVIEWEE: JAMAL MUSALLAM AL MAZROUEI, CHAIRMAN, ABU DHABI OILFIELD SERVICES COMPANY (ADOS)
Who are some of your clients?
Our clients include all the major NOCS and IOCS operating across the Middle East and Africa. Although our core business is in the oil & gas sector, an increasing number of our clients are in the power and marine industries, both from the UAE and the wider region. We have contributed to the vast majority of ADNOC’S projects in Abu Dhabi, and we look forward to the exciting developments announced by ADNOC for Ruwais Industrial Complex.
How do you find the balance between enhancing productivity and minimising risk?
We continuously analyse and carefully study risk in all of our ventures through our policy of continuous improvement. This means that we have to periodically pause and reflect back to determine which processes were successful and which ones need to be addressed. One such area that we have recently identified is digitisation of our inventory management systems, where we decided to implement a centralised and smart inventory control system to speed up customer response time, improve traceability, optimise profitability and reduce excess inventory levels.
Why did you decide to come to ADIPEC this year? What are you showcasing?
We have been regular exhibitors at ADIPEC since its first edition, and we plan to continue expanding our presence at the exhibition for years to come. What started as a local trade show has now become perhaps the world’s most renowned forum in the industry, where local and international companies can come together to exchange ideas, share the latest innovations, and network.
ADOS will be showcasing its latest technological developments, upcoming in-country manufacturing expansions, and will also introduce its newest partners. In 2018, we were very pleased to finalise a new partnership with Ukbased Alderley PLC to support the Abu Dhabi market with industry-leading modular packages and engineering solutions.
How was business this year? What has been your greatest success?
It has been an exceptional year so far, we are on track to exceed our targets and this is primarily driven by tremendous double-digit growth at our upstream, downstream and marine divisions.
We’ve had many successes this year, but one that certainly stands out for us is a locallymanufactured technology that we helped develop and introduce to the market, resulting in our client drilling and completing its fastest well on record. We are proud of this achievement, and we look forward to continuing to raise the bar for local manufacturing and technology development.
What are some focus areas for ADOS in 2019?
Our aim in 2019 is to continue to strengthen our in-country manufacturing capabilities, starting with the opening of our new, state-of-the-art ADOS Engineering Facility in the Industrial City of Abu Dhabi (ICAD) in Q1 of
2019 to expand our manufacturing and services portfolio.
What challenges do you expect to face in 2019?
Although the crude prices are stabilising, the markets are still fragile, and so we expect to still see pricing pressures both locally and regionally.
What effect has the mild recovery in oil prices had on your business?
The recovering oil prices have definitely restored a sense of confidence in our clients to invest in new capex projects and have encouraged them to upgrade their existing technologies to enhance productivity, both of which have generally been put on hold for the past four years or so due to the industry slowdown.
“ADOS WILL BE SHOWCASING ITS LATEST TECHNOLOGICAL DEVELOPMENTS, UPCOMING IN-COUNTRY MANUFACTURING EXPANSIONS, AND WILL ALSO INTRODUCE ITS NEWEST PARTNERS.”