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Abu Dhabi among most active offshore oil and gas drilling areas in 2019: IODC

Event News

According to a recent world oil forecast report, Abu Dhabi is expected to be one of the worlds top offshore oil and gas drilling sites

Global drilling activity, excluding the US, will see 46,209 wells drilled in 2019. In addition, most active offshore drilling areas will include East Canada, Brazil, Norway, Angola, Nigeria, Saudi Arabia, Abu Dhabi, China, and India.

The report also suggests that following last year’s moderate recovery in the global oil and gas drilling sector, this year will see further growth and offshore drilling outpace the global drilling market as a whole.

While total global drilling activity, excluding the US, is set to rise by 2.5 per cent this year, offshore drilling is forecasted to grow by more than 6 per cent to 2,204 wells.

The first International Offshore Development Congress (IODC 2019) to be held in Abu Dhabi on 28-29 April 2019 will discuss various topics including the future of offshore oil and gas in view of the current economic situation, fluctuations in supply and demand, volatility in oil prices, operational pressures, investment challenges, environmental stewardship, and the role of renewables in the energy mix.

The congress will bring together important industry stakeholders including NOC’s, IOC’s and all other stakeholders relevant to offshore oil and gas development. IODC 2019 will be opened by Khamis Juma Buamim, chairman of the Arab Association of Petroleum Professionals (AAPP) and the DCMMI Emirates.

Vital presentations, panel discussions, special sessions and technical sessions at the congress will address a wide range of topics, with a particular focus on current and new technology, human assets, and operational efficiency.

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Comparison of conventional workflow with DUG MP-FWI imaging. (Image source: DUG)

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Amin H. Nasser, CEO of Aramco. (Image source: Aramco)

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Source: SafeStart

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Tethys Oil is currently conducting final preparations ahead of the rig mobilisation for the drilling of the first exploration well on Block 58, Kunooz-1 in Fahd.

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The expansion is expected to increase the plant’s processing capacity from 2.5 to up to 4 billion standard cubic feet per day (bscfd). (Image source: Aramco)

Comparison of conventional workflow with DUG MP-FWI imaging. (Image source: DUG)

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The use of blockchain in the oil and gas sector is set to increase substantially. (Image source: Adobe Stock)

Source: SafeStart

GAC Saudi Arabia has extensive operations at major ports in Saudi Arabia. (Image source: GAC Saudi Arabia)

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