The second day featured four thought-provoking sessions as part of the strategic conference, beginning with ‘Heavy oil E&P projects: Business transformation strategies and sustainable results’. Moderated by Junaid Ghulam, field development manager at PDO, the panel included: Adnan al Lawati, vice president of operations at Occidental Oman, Marwan Chaar, vice president of project development at GlassPoint, Prakash Pardasani, business development director for the Middle East at Mott MacDonald, and Dr Ismail Mostafa, reservoir engineering manager and senior advisor and discipline lead for the Middle East at Baker Hughes, a GE company.
“We believe in the growing convergence between renewable and conventional energy, which offers massive benefits to oil producers. Economics is the main driving factor for renewable energy deployment in addition to being environmentally friendly,” Chaar said.
He said, “Our technology at GlassPoint has been proven at scale and has operated on oilfields around the world for years. As we continue to seek maximum cost-efficiency, we are innovating every part of the system. We are also exploring existing best practices and finding ways to improve them for safety and ease of operation.”
Pardasani said the integration of the enhanced oil recovery (EOR) methods and renewables will play a key role in the energy transition and serving the growing demand of a growing population over the next two decades. He said, “There won’t be an absolute debt on oil, simply, one will displace the other and we will see a more diverse energy mix in the future comprised of oil, gas, coal and renewables.”
Other topics discussed and deliberated at the event included research and development, field analytics, and the impact of global decisions on the industry.
“The Middle East has recognised the changes of the global economy and diversification across the globe both on the narrative of peak demand and supply projections. However, oil will still be an important factor and the region will continue to prioritise critical investments in the oil and gas industry because it is mandatory for the development of the region,” Mustafa Ansari, senior economist at APICORP said.
Held under the auspices of Ministry of Oil and Gas, the World Heavy Oil Congress & Exhibition is co-hosted by PDO.