MENA Oil and Gas event to explore digital transformation in the region

By Rahul Vaimal, Associate Editor
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The Middle East and North Africa (MENA) Oil and Gas Technology Summit will bring together stakeholders from national oil firms, major end-users, and utility companies to discuss topics such as digitalization, automation, cybersecurity, and asset integrity in the region’s oil and gas sector.

The one-day virtual event hosted by Middle East Economic Digest (MEED), will take place on March 24.

Global oil price volatility is currently influencing the oil and gas industry, as well as an increasing focus on operating more sustainably. According to the International Monetary Fund (IMF), the GCC’s GDP growth would only rebound to pre-COVID-19 levels in 2023, citing poor oil demand, aggravated by the pandemic-led dramatic drop in oil prices as the key culprits.

Mr. Richard Thompson Editorial Director MEED remarked that “The region’s national oil companies (NOCs) are undergoing a major transition as they roll out new strategies aimed at diversifying and decarbonizing their activities, while at the same time trying to optimize the performance of their assets and operations. The key to success for the NOCs is an investment and effective deployment of advanced technologies such as artificial intelligence, smart sensors, robotics, advanced materials, and so on.”

“Next-generation technologies will help modernize operating models and build a workforce for the future to meet demands of the evolving energy consumer. MEED’s virtual summit examines advanced technology investment by the region’s oil & gas industry and what it means for companies and workers in the region’s most important industry” Mr. Thompson further added.

The opportunity which the new technology will unlock for oil and gas companies will be discussed by key players in the industry. Attendees will have the chance to learn more about how adopting emerging technology will help reduce waste, save time, and minimize costs.

Experts from ADNOC, Saudi Aramco, and Petroleum Development Oman will explore how to multiply the value of data into big gains in efficiency, productivity, and cost savings in the first panel discussion, Data-Driven Operations.

The experts on the panel will explore how to boost business efficiency, predictive maintenance, safe, scalable, and efficient data management along with optimized data usage across global oilfield operations.

In the summit’s final session, Dr. Mohamed Al-Kuwaiti Head of Cyber Security for the United Arab Emirates Government, and Mr. Qasem Kharbat Head of Digital Investments for Saudi Aramco Energy Ventures, will discuss cybersecurity with experts from Khalifa University and KPMG. The discussion will focus on mitigating risks when experiencing a digital transformation, as well as the changing threat environment in the oil and gas industry and how to stay agile.

Related: Abu Dhabi’s TAQA considers potential sale of its oil & gas assets: Sources