BUSINESS

Aramco: Hydrocarbons world most reliable energy source

November 17, 2018

ABU DHABI – Saudi Aramco successfully concluded its participation in the 2018 Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) held Nov.12-15 in Abu Dhabi by reinforcing its leadership position in the regional and global energy industry.

Hosted by the Abu Dhabi National Oil Company (ADNOC), ADIPEC offered a global platform for showcasing Saudi Aramco’s role as the world’s leading integrated energy and chemicals producer.

The Saudi Aramco exhibition booth was one of the primary attractions among ADIPEC’s delegates and attendees. Saudi Aramco was honored to receive high profile visits by Crown Prince of Abu Dhabi, Sheikh Mohammed bin Zayed Al-Nahyan; Vice President and Prime Minister of United Arab Emirates and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum; and Saudi Arabia’s Minister of Energy, Industry and Mineral Resources, His Excellency Khalid Al Falih.

In line with the conference theme of “Digitalization in Energy,” Saudi Aramco’s engagement emphasized hydrocarbons as the world’s most reliable energy source, and highlights the company’s use of technology and innovation to maximize assets and improve operational efficiency, reliability and productivity.

Saudi Aramco President and CEO Amin H. Nasser attended ADIPEC’s opening ceremony and signed a memorandum of understanding to collaborate on liquefied natural gas with ADNOC.

As part of the “Growth, Vertical Integration and Expansion” panel on Nov. 13, Abdulaziz M. Al-Judaimi, Senior Vice President of Downstream, spoke about Saudi Aramco’s strategy of expanding and integrating Downstream operations across the value chain from oil supply and marketing to refining, petrochemicals and lubricants. This will help Saudi Aramco attract new revenue streams and broaden economic opportunities, including crude oil to chemicals conversion technologies.

Saudi Aramco also received a number of accolades and recognitions at the ADIPEC Awards. The first award was received by the EXPEC ARC (Geophysics Technology Team) for Outstanding Project of The Year for Driving Performance and Efficiency. The team won the award for their Seismic acquisition technology dispersed source array (3D-DSA) project. The second award was received by the Research and Development Center for Breakthrough Research of The Year for their Project: The detection of Corrosion under insulation (DCUI). Saudi Aramco’s Shamael Al-Shuhail was also recognized as the Young ADIPEC Engineer of The Year.

Saudi Aramco technologies profiled at ADIPEC included SWIM-R, a shallow-water inspection and repair robot capable of examining underwater assets, enhancing safety and cost efficiency; and SAIR, a modular inspection robotic technology for asset integrity monitoring. The company’s exhibit also offers an immersive virtual reality display allowing visitors to experience frac-site, drilling and offshore rig simulations and fire safety visualizations on 3-D screens. — SG


November 17, 2018
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