Saudi Arabia’s premier oil and gas exhibition will provide a platform for industry players to discuss and critically evaluate commercial and technological innovations, against the backdrop of depressed crude prices
Held under the patronage of HRH Prince Saud Bin Naif Bin Abdulaziz, governor of the Eastern Province, the Saudi Arabia International Oil and Gas Exhibition (SAOGE) 2016 will host some 100 companies from 25 countries, with more than 10,000 visitors set to attend the show. Participants from countries including China, Egypt, France, Germany, Italy, South Korea, Russia, the UAE the UK and the USA are expected at the event.
Set against the backdrop of reduced global demand and depressed prices, and with the rise of newly emergent oil and gas exporters, the event will address the need for innovation, asset optimisation and efficiency to secure the bottom line and ensure healthy refining margins. As the foremost hydrocarbon producer in the world, with production reaching a record 10.62mn bpd in July 2016, and with a number of midlife assets, the Saudi oil and gas sector plays a pivotal role in supplying global demand.
SAOGE, organised by International Exhibition Services (IES) and hosted as per tradition in Dammam, the hub of the Saudi oil world, will provide a platform for local and international industry leaders, technical experts and decision makers to assess the key fundamentals and drivers forging the global markets, and discuss the global and regional challenges facing Saudi Arabia’s oil and gas industry.
According to the organisers, with planned investment opportunities, sector restructure and privatisation, as well as the divestment of Saudi Aramco, the Saudi oil and gas industry is set to play a key role in mitigating the Kingdom’s exposure to hydrocarbon fundamentals risk.
One of the key goals of Saudi Vision 2030 is to identify and implement transformative projects that promote industrial diversification. SAOGE will provide a platform to explore opportunities for establishing joint-ventures, which is central to this plan.
This year, SAOGE this year will be run concurrently with Machine Tools Exhibition (MTE), which is expecting more than 100 companies from 20 countries, the organisers commented. MTE exhibitors enjoy many synergies with oil and gas industry, many of their key customers coming from upstream operators.
The event will be held on 17-19 October 2016 at the Dhahran International Exhibitions Centre in Dammam.