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Demand for natural gas expected to rise faster than for other fossil
fuels in the Middle East
Posted: 24 August 2003
Oil and Gas show to unveil cutting-edge technologies for
the industry
The need to develop cost-effective drilling technologies that do
not disturb the surface environment and the increased share of gas
in the world energy demand will be part of the deliberations at
the Oil & Gas Show (OGS 2003), the leading oil and gas show
in the Middle East scheduled to be held from October 12 to 15, 2003,
at the Airport Expo Dubai.
The Oil & Gas Show will host delegations from, amongst other
countries, Germany, Italy, Russia, China, Iran, Malaysia, Indonesia
and Turkey. The event will bring together some of the world’s
foremost players in specialized equipment in exploration, drilling,
mapping, maintenance, safety & rescue, fighting and corrosion
protection. Besides the technological aspects of the industry, the
show is also expected to reveal short-term and long-term trends
in the demand scenarios of various energy sources.
According to a recent World Energy Outlook report, issued by the
International Energy Agency (IEA), while fossil fuels such as oil
and coal will continue to dominate the global energy mix until 2030,
the demand for natural gas will rise more strongly than for any
other fossil fuel. While the Middle East has always been known for
its vast oil resources, the region is also home to 25.5 per cent
of the world's natural gas resources.
“Given the present economic and geopolitical climate, authorities
in the Middle East need to look at gas as a complementary energy
source. Gas production is also increasing as more Arab countries
are switching from oil to gas as a source of energy. Others have
pursued plans to expand existing gas projects and build new ventures
for export purposes. In the Arab world, the performance of the gas
sector soared by around 10 per cent to 40.7 trillion cubic meters
at end-2001,” said Anselm Godinho, General Manager, International
Conferences & Exhibitions (IC&E), organizers of the show.
“Analysts estimate that a typical land-based oil or gas well
costs around US$400,000 to drill, while costs for an offshore well
average at nearly US$4.5 million. But in some deeper or more difficult
drilling terrains, costs would be much higher. Reducing the time
a drill rig remains on site can lower costs and make previously
uneconomic gas or oil deposits commercially attractive. At OGS 2003
we expect these issues to take centre stage as oil and gas producers
network with suppliers during the event.”
Empire Diamond Tools who will be exhibiting at OGS 2003 have designed
optimum diamond bits for faster drilling in soft, medium, hard and
abrasive formations. These bits have changed the structure of drilling
industry offering considerable savings in terms of time required
for drilling of a particular well, thereby saving rig time and allowing
more number of wells to be drilled in the annual pattern.
DRIL-QUIP, one of the world's leading manufacturers of highly engineered
offshore drilling and production equipment which is well suited
for use in deepwater, harsh environments and severe service applications
will also be part of OGS. The company designs and manufactures sub
sea, surface and offshore rig equipment for use by oil and gas companies
in offshore areas throughout the world. DRIL-QUIP also provides
installation and reconditioning services as well as rental running
tools for use with its products.
Another exhibitor Super Technical Enterprises have just launched
a facility in partnership with Parker Aerospace to overhaul gas
turbine nozzles, MOOG servo valves and provide ultra-sonic cleaning.
This is the first such facility for the Middle East market. The
company will be exhibiting the latest technology from Parker Instrumentation,
which specialises in products that can contain ultra pure, toxic
or dangerous fluids and gases. Parker Instrumentation is a major
worldwide supplier to the offshore and petrochemical industries.
Organized 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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