OGS
2003 platform to explore business potential of Iraq
Posted: 29 June 2003
The massive repairs and reconstruction of Iraq’s oil and
gas industry will be featured prominently at OGS 2003, the leading
oil and gas show in the Middle East, which brings together some
of the world’s foremost players in specialised equipment in
exploration, drilling, mapping, maintenance, safety & rescue,
fighting and corrosion protection.
According to a recent Deutsche Bank report, there could be as much
as US$1.5 billion in contracts to upgrade wells and pipes around
the oil production facilities in Iraq. The country which has 112.5
billion barrels of proven oil reserves, used to earlier produce
2.8 million barrels of oil per day.
With the modernisation and repair of its infrastructure, experts
say that Iraq could be producing an additional million barrels of
oil per day. Targeting the oil, gas, petrochemical onshore and offshore
industries, OGS will be held at the Dubai Airport Expo from October
12 to 15, 2003.
“Iraq’s three large oilfields are said to be considerably
damaged due to its erratic production cycles and reports estimate
its pipelines, ports and pumping stations are in a state of disrepair.
Exhibitors at OGS 2003 have the requisite expertise to assist in
the rebuilding of the Iraqi oil industry. Iraq also sits on 110-trillion
cubic feet of natural gas. The show will host international exhibitors
who specialise in oilfield drilling equipment; oil and gas pipelines
project construction; electrical installation and field instrumentation
equipment among other services. OGS 2003 will enable both local
and international suppliers to mount a comprehensive presentation
of technology, services and equipment to specialist visitors associated
with the exploration, extraction, processing, storage and transport
of oil and gas especially those from major oil companies who have
already initiated the process of obtaining service contracts in
Iraq,” said David Domoney, Managing Director, International
Conferences & Exhibitions (IC&E), organisers of the show.
“Dubai’s geographical location and its reputation as
the trading hub of the region will also raise the profile of OGS
2003 as international and regional companies are looking to network
with suppliers in the industry and explore opportunities to gain
a foothold in Iraq,” he added.
The show is expected to be at least 30 per cent bigger than the
previous event with a majority of the leading distributors in the
Gulf region having expressed their interest and support for the
event.
In keeping with the prevailing regional situation, OGS 2003 will
address the growing concerns and awareness for effective security
and maintenance in the production fields of the Middle East at OILSEC
2003, the International Security and Maintenance Conference to be
held during the show.
The event will also host various other specialised seminars targeted
at industry professionals. These will facilitate industry professionals
to keep themselves updated and well informed on the recent developments
in the field of oil and gas.
Organised by International Conferences & Exhibitions (IC&E)
and supported by the UAE Ministry of Petroleum and Mineral Resources,
OGS 2003 is a key event in the Middle East for suppliers of petroleum
equipment and specialist visitors involved in exploration, extraction,
processing, storage and transportation of oil and gas.
OGS is the largest and longest established event of its kind serving
the Middle East region. Held every two years, it enables local and
international suppliers to stage a comprehensive display of the
latest technology and services to over 4,000 specialist visitors
involved with the exploration, extraction, processing, storage and
transportation of oil and gas.
Over 2,500 companies from more than 30 countries have participated
in the show since it began in 1984.
These include the biggest names in the industry worldwide as well
as national pavilions from: Germany, UK, Canada, China, France,
Belgium, Netherlands and Ukraine.
Posted by Richard Price,
Editor Pipeline Magazine
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