HOUSTON, 8th May 2016 (WAM) – The Abu Dhabi National Oil Company (ADNOC) and Group Companies have showcased their full line of business and services and explored new partnerships at the Offshore Technology Conference and Exhibition (OTC 2016), held in Houston, (TEXAS), USA, on 2-5 May 2016.
The Group has participated for the ninth year in this premier global event with a delegation comprising CEOs and senior executives.
Participating under the theme “Driving a Sustainable Future through People & Innovation”, ADNOC & Group Companies made their presence felt in the exhibition with a state-of-the-art stand that was designed to showcase ADNOC’s new vision of the future and depict UAE’s culture and heritage.
The Group’s environmentally-friendly initiatives as well as their long–term expansion projects were highlighted during the show through interactive audio-visual displays and technical presentations.
As part of its continued efforts to establish alliances and partnerships, ADNOC hosted on the second day of the event a dinner reception for senior oil and gas sector executives, government officials, and diplomats. The reception offered ADNOC delegates with the opportunity to network with senior US executives and top level executives of leading energy companies.
The delegation took part in the conference and other OTC sideline events. ADNOC delegates presented technical papers at the OTC conference. A paper, titled: “Major Advancement in Pipeline Integrity Management through an Integrated Quantitative Risk Assessment Approach highlighted the various threats of different nature posed to pipelines.
The presentation introduced a standardized approach aiming to overcome challenge of how to integrate the risks of different threats into an overall risk level for the entire pipeline system.
Another paper highlighted Best Practices for HP/HT Pipelines Lateral Buckling Design in Shallow Water.
ADNOC Group’s green efforts in such areas as Sustainable Energy Systems, Carbon Capture, Green Fuels, Carbon Footprint Reduction, Emission and Flaring Reduction were highlighted at the show.
One of the top initiatives presented to ADNOC stand visitors was the Carbon Capture project implemented recently in partnership with Masdar. Introduced in a bid to reduce carbon footprint and enhance oil and gas production, ADNOC’s new initiative sets the pace for other hydrocarbon-rich nations to adopt similar technologies to reduce their carbon emissions.
Located in Abu Dhabi, the joint venture’s first Carbon Capture, Usage and Storage (CCUS) project consists of three core components. First, CO2 is captured onsite at Emirates Steel. Second, the CO2 is compressed and transported along the 50-km pipeline to oil fields operated by ADNOC. Third, ADNOC injects the CO2 into oil fields to enhance oil recovery, while storing the injected CO2 underground. The project will sequester up to 800,000 tonnes of CO2 annually. Completion is set for 2016. This pilot project will create a benchmark for the technical and commercial delivery of CO2.
The joint venture is the first phase of an industrial-scale CCUS network planned as part of Abu Dhabi’s commitment to decarbonise its economy and create a low-carbon power generation industry.
As a clean energy advocate, ADNOC is constantly searching for opportunities to reduce the environmental footprint of its existing and future projects. In 2009, ADNOC became the first national oil company in the region to pilot CO2 injection in collaboration with Masdar.
Breaking the visitor turnout record, ADNOC stand attracted a large number of visitors during the four days of the event. The design of the stand, coupled with the hospitality offered turned the booth into a welcoming place for exhibition visitors who included American, Arab and foreign delegates, dignitaries, ministers, diplomats and senior executives and industry professionals.
In the closing day of the event, a high-level Egyptian delegation led by Tarek El Molla, Minister of Petroleum & Mineral Resources visited ADNOC stand.
Leading industry executives who visited ADNOC stand discussed with ADNOC delegates the current global market situation and the challenges facing the energy industry. They also explored ideas of creating new business partnerships and ways of boosting collaboration, sharing best practices and exchanging expertise.
During the show, the ADNOC delegation promoted the UAE and Abu Dhabi as a global hub for the oil and gas sectors. Some participating companies showed interest in participating in the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2016), scheduled to be held on November 7-10.