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Technology vital to making energy resources more available - IPTC panel said

24th January 2014

A panel at the 7th edition of the International Petroleum Technology Conference concluded that technology is key to making future resources more available

7th edition of the International Petroleum Technology Conference (IPTC) in Doha, Qatar

A panel discussion at the 7th edition of the International Petroleum Technology Conference (IPTC), which recently took place in Doha, Qatar, concluded that “Technology is a key for unlocking future resources." In addition, they stressed that oil and gas companies need to invest more on research and development in order to meet the increasing challenges.

Amin H. Nasser, vice president of upstream for Saudi Aramco stated that “From the dawn of the modern petroleum industry, up to this moment, not only has technology been fundamental to ultimately finding, producing, and using oil and gas, it has time after time redefined and reinvented our destiny.”

He added, “When it comes to the big questions of about energy, from security, to supply, to sustainability, and all points in between, technology has always had the last word.”

Jakob Thomasen, CEO of Maersk Oil, revealed that his company is creating new technologies and methods to improve the energy efficiency in its exploration and production operations.

Maersk Oil is involved in a joint venture with Qatar Petroleum, which is producing 300,000 barrels of oil per day from the Al Shaheen field. The company is also working on system that is more environmentally friendly and is capable of using any type of gas, from clean dry gas to sour gas for energy use.

Thomasen stated, “We ought to be able bring that technology into operation in 2015 and right now we are finding the right places to go for the start. There is almost no limit to how this technology can revolutionize power generation in a highly energy efficient and emission free way.”

Didier Holleaux, chief executive officer of GDF Suez E&P International said that based on his knowledge of the energy markets in Europe and China, “development of domestic shale gas production in those areas will come slowly, but surely.”

Holleaux also mentioned that “It will take far more time than anybody expects to develop significant production outside the US, but then after 10 or 12 years, it may have a very significant impact, particularly if China decides to develop shale gas extensively.”

 

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