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645361
Tue, 10/25/2022 - 23:11
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https://oananews.org//node/645361
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Reliability, efficiency take center stage at SPE Middle East Conference

Manama, Oct, 25 (BNA): In the presence of 200 delegates at the SPE Middle East Artificial Lift Conference and Exhibition, experts highlighted the salient features of reliability and efficiency in artificial lift in the global oil sector.
The two-day event is being held in Manama under the auspices of the Ministry of Oil and Environment. Over two dozen oil and sector’s companies are taking part in the coinciding exhibition.
Minister of Oil and Environment, Special Envoy for Climate Affairs, Dr. Mohamed bin Mubarak Bin Daina attended the opening ceremony and took a tour of the exhibition hall.
The event is supported by Aramco as the Host Organisation and Tatweer Petroleum, a subsidiary of the National Oil and Gas Authority (NOGA), as the Co-Host Organisation.
The conference aims at offering industry professionals with an in-depth understanding of current and upcoming technologies in the artificial lift domain. The agenda presents an impressive line-up of global executives and experts to showcase their experiences, research, and success stories.
The opening ceremony featured speeches by Waleed Al-Mulhim, Executive Director of Petroleum, Engineering and Development, Saudi Aramco; Medhat Kamal, 2023 SPE President, Fellow Emeritus, Chevron and Fahad Al Shinaiber, Conference Chair, Head of Artificial Lift, Saudi Aramco.
“The theme of this conference is Make it REAL (reliability and efficiency in artificial lift). Reliability and efficiency have always been key drivers for the artificial lift journey,” Al Shinaiber said.
“Our theme is critical, considering today’s challenges, be it the unwavering forces of climate change or the competitive race towards IR 4. However, in the world of artificial lift these challenges are opportunities to show our industry professionals and subject-matter experts’ capabilities.”
Al Mulhim said that the industry remains fundamental for global prosperity, and in turn this means expanding the world of artificial lift.
“In fact, the global artificial lift industry market stands at 11 billion dollars and continues to expand at a staggering rate,” he said.
“As a matter of fact, more than three quarters of the global oil wells now deployed, one or another are artificial lift, with the majority utilising ESPs or fracking. In the Middle East, and especially in our region, a significant portion of our daily production comes from ESPs and we have every reason to believe that this trend will continue for many years to come.”
Kamal said that artificial lift is the major method to produce oil and gas.
“Still, we have a lot of technological development that needs to be done in this area and it is required,” he said.
“We need to continue listening to the presentations over the next couple of days and we will continue to talk to our colleagues on how we can continue to do the work we are doing in that area.”
The conference agenda features two executive plenary sessions, two panel sessions and 14 technical and knowledge sharing ePoster sessions with over 150 speakers from more than 30 countries.
The exhibition showcases 26 companies featuring their latest products and services that are contributing to the growth, efficiency, and sustainability of major global energy projects.