Middle East’s current crude oil production is 18 million barrels per day and by 2025 it is said to increase to 25 million barrels per day. According to reports, the world’s largest oil producer, Saudi Aramco, is expected to increase capital and exploration expenditure by 30%, directed both to a mature asset base and new discoveries.
According to Norwegian research firm Rystad, oilfield expenditures in the Middle East are expected to climb to US$99Bn annually by 2020 – a level that has not been seen since the oil price collapse.
With oil fields in the Middle-East being converted into iFields or Digital Oil Fields, producers are looking at how production can be further optimised through existing and new technologies and techniques.
The Production Optimisation Summit, Bahrain will bring together experts and leaders to discuss the advancements, opportunities and barriers faced in optimising production across the upstream oil and gas industry in the Middle East.
Prof Peter King
Professor of Petroleum Engineering
Imperal College London
Petroleum Engineering Expert
Dr. Ghanim Abdalla Jasim Abdalla Kashwani
Abu Dhabi Company for Onshore Petroleum Operations Ltd
Dr. Lobna Ahmed Okasah
Program Manager of Enterprise Support
Reservoir Engineer and Subsurface Delivery Leader
Cairn Oil and Gas
Dr. Mushtaque Ahmed
Sultan Qaboos University
Mr. Abrahim Abdelgadir Hassan
Senior Reservoir Engineer
Kuwait Oil Company
Ms. Samah Al-Hamad
Acting Superintendent Business Resilience Management
Mr. Gamal Rabou
Retired Reservoir Specialist
Dr. Mohamed Samir