GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

Bahrain Prepares to Host the Second Edition of the Middle East Heavy Oil Congress

Middle East Holds Nearly 1 Trillion Barrels of Heavy Crude Oil, accounting for nearly 30% of World Reserves: Industry Report

Kingdom of Bahrain – 13 March 2017: Technology and innovation will play an instrumental role in securing heavy oil's valuable position in the global energy mix, according to the region's industry experts.

Speaking ahead of the upcoming Middle East Heavy Oil Congress (MEHOC), the largest gathering of heavy oil professionals in the region, Dr Peter Bartlett, Chief Executive of the Bahrain Petroleum Company (Bapco), said overcoming the challenges associated with leveraging this complex – but invaluable – energy resource will depend on the industry's ability to develop commercially viable recovery solutions.

“Fossil fuels will continue to account for the majority of the world's primary energy needs for the next few decades, and heavy oil will feature in that mix. In order to compete, though, heavy oil producers will have to overcome cost challenges versus commercially competitive alternatives. They will innovate in order to do so. At Bapco, we consider heavy oil in the mix of feedstocks we purchase for our refinery,” Dr Bartlett said.

“Our participation in the Middle East Heavy Oil Congress is part of our strategy in monitoring important developments in the heavy oil marketplace. The event offers key industry stakeholders a platform to network, explore the latest technologies, and share knowledge and best practice across the value chain, enabling us to ensure that heavy oil continues to be a valuable contributor to the evolving global energy mix.”

According to a recent study by international management consultancy Arthur D. Little, heavy oil accounts for 21 per cent of the world's crude oil reserves. Of this, nearly 30 per cent is in the Middle East, at 971 billion barrels of heavy crude oil.

Despite the global abundancy of this valuable resource, its commercial viability and sustainable production continues to be a challenge for the world's producers, especially amid a challenging economic landscape. Because of its highly viscous composition, heavy oil requires a different – and often more technologically advanced – refining process than that which is used for conventional oil.

Hosted under the patronage of His Excellency Shaikh Mohammed bin Khalifa Al Khalifa, Minister of Oil for the Kingdom of Bahrain, supported by the National Oil and Gas Authority (NOGA), and organized by the Global Energy division of dmg events, MEHOC 2017 will offer two days of unparalleled networking and knowledge exchange opportunities for heavy oil professionals from across the globe through a dedicated conference and an international exhibition, where industry leaders, including national oil companies, international oil companies, and service providers, will showcase the latest technologies and developments in heavy oil recovery and production.

“Around the world, trillions of barrels of heavy oil are just waiting to be recovered, potentially extending the hydrocarbon life expectancy by decades,” said Jean-Philippe Cosse, Vice President – dmg events Global Energy. “Developing solutions that will enable the safe, sustainable, and cost efficient recovery of this prominent resource could give the world access to new supplies of energy. MEHOC works as a catalyst for industry progress, allowing experts to exchange knowledge and information that will pave the way to a promising future for heavy oil recovery and production.”

Building on the remarkable success of the inaugural edition in 2015, the second edition of MEHOC will offer attendees exclusive industry insight through both strategic and technical conference sessions that will focus on upstream, midstream, and downstream sectors of the heavy oil value chain. This year, the conference Call for Papers saw a submission of 150 abstracts across 5 technical categories, covering the entire heavy oil value chain. After meticulous evaluation by the technical committee, 25 abstracts were selected for presentation at the conference.

Key participating companies this year include BAPCO, the Kuwait Oil Company, Lukoil Engineering, Occidental Petroleum Oman, Schlumberger, Tatweer Petroleum, and Total S.A.

MEHOC will take place on 11 and 12 April at the Gulf Hotel. The event is expected to welcome more than 20 exhibiting companies, 40 speakers, and 200 professionals from over 15 countries.


Posted by : GoDubai Editorial Team
Viewed 8473 times
Posted on : Monday, March 13, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Collaborates with Ministry of Interior to Support GCC Traffic Week
Next Story : Oil Prices See Rises Despite Concerns Over the Growing US Inventory
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Grand Optics exclusive: Le Specs eyewear collection LUXE Nucleus
Grand Optics exclusive: Le Specs Eyewear Collection Escape to the Exotic
Introducing Parfums De La Bastide, an Artisanal Maison de Parfum inspired by Pro...
Grand Optics Exclusive: MARNI eyewear collection
Chaumet - Imperial Splendours, The Art of Jewellery Since the 18th Century
From a House to a Smart Home: LG Smart Technology Helps Make Homes More Comforta...
Gold Collagen® to Launch in Dubai, May 2017
GKhair celebrates 10 years of success at Beautyworld Middle East
Dubai's largest Ramadan Night Market is Back!
Azraq, the world's first refugee camp powered by renewable energy
Aab Modest Wear Launches in the UAE
LG showcases a future of multiple savings with trendsetting smart homes
Lexus Unveils All-New LC luxury Coupe to Open a New Chapter in Brand History
Kiko Milano Launches Tropic Heat - A Collection Full of Energy, Colour and Vibrancy
Doha Bank Wins “Best Regional Commercial Bank” at Banker Awards 2017
Celebrate the Joy of Ramadan with IKEA'S Latest Collection
Brand New Flagship ZIPPY store Opens in Dubai Mall Today
Monsoon and Accessorize have it covered for Ramadan 2017
Travel in style with these summer essentials from ban.do, Ted Baker, Tatty Devin...
Wella Koleston: Get ready for an Eid celebration that shimmers bright with color!
MICHAEL KORS Mens' Accessories
Stunning New Collections from Jaguar and Land Rover
Beautyworld Middle East 2017 opens with 11.5 per cent year-on-year growth featur...
Perfecting the Journey with TUMI 19 Degree Global Campaign
Esposa Privé's Ramadan Collection Lands in Dubai & Abu Dhabi
COÉGA Sunwear Swim Essentials
Rado Features Two Timepieces for the Perfect Father's Day Gift
Celebrate the Warmth of Ramadan With Graceful Shades from Baume & Mercier
Exotic Perfume Worth Over AED 608,000 a Bottle Draws Fragrance Buffs at Beautywo...
EUROSTAR Group expands its beauty and personal care product portfolio
Dubai Chamber announces winners of Dubai Smartpreneur Competition
Bubble 42 Juliette Jourdain - The Girl with the Pearl Bubble
Siemens partners with SACGC to boost industrial technology skills in Kuwait
Volvo Cars partners with Google to build Android into next generation connected cars
Sony Mobile Xperia XZ Premium available for pre-order online and in stores in UAE
Pamper Your Loved Ones This Ramadan With Les Classiques Fragrances, a Timeless C...
Carl F. Bucherer Manero PowerReserve
Growing focus on healthy & balanced meals, festivities, is the new spirit of Ram...
Symrise to Showcase Exclusive Products at BeautyWorld Middle East
British Orchard Nursery Wins 3 Coveted Awards at Dubai's Premier International B...
The world's first SOAPENIR, is the ultimate Ramadan gift for loved ones
The Modern Designs of West Elm's New Summer Collection Unveiled
Nikai introduces the 75 inch Smart LED TV
DeLaCour Crafts a Resplendent Salute to Women with the Passion
Danube Properties Redefines Affordable Housing with ‘Bayz'
SAINT HONORE Charisma Twist
HH Sheikh Ahmed Opens Airport Show 2017 on Robust Growth in Aviation
End your fast in style and true culinary brilliance with Cocoa Kitchen
Ulysse Nardin Marine Regatta
REDTAG Releases Its Limited Edition Ramadan Collection for the Perfect Chic Yet ...