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Questions for Mayank Ashar, managing director and chief executive officer (CEO) of Cairn India. -
The development and implementation of a globally competitive technology is very important to Saudi Aramco.
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Managing the business amid the downturn in the price of oil and overcoming the challenges facing the industry topped discussions during the 19th annual Middle East Oil & Gas Show and Conference (MEOS), held in Manama, Bahrain, in March.
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In its pursuit to enhance recovery from major producing reservoirs, the company is emphasizing high-impact technologies to achieve breakthroughs.
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For Abu Dhabi, research and development (R&D) provides an opportunity to facilitate the country’s transition from a hydrocarbon-based economy to a knowledge-based one and Abu Dhabi’s decision makers know that partnership and collaboration between companies and academia is key to R&D success.
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Saudi Aramco’s upstream strategy aims to implement the intelligent field concept in all of its upstream operations by 2016–2017 so it can better understand reservoirs and improve efficiency.
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A sharp decline in oil prices is pushing oil and gas companies to innovate to increase efficiency and prepare to meet the world’s long-term energy needs, panelists said at the International Petroleum Technology Conference (IPTC) held in Kuala Lumpur, Malaysia, in December.
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Although famous for its abundant oil fields, generations of production in the Middle East is putting sharper focus on ultimate recovery from these fields.
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Jim Moffat, chief executive officer of UAE-based oil and gas construction and engineering group Lamprell, says offshore drilling rig construction in the Middle East is booming.
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Saudi Aramco is working on slashing the production cost of tight formations to around USD 2 to USD 3 per thousand cubic feet in the next couple of years, according Adnan Kanaan, manager of the Gas Reservoir Management Department (GRMD) at Saudi Aramco.
