Gulf O&G Tech Collaboration Debated

(Press Release)
Wednesday, February 22, 2012

 More than 30 oil and gas organisztions in the Middle East will gather to discuss the opportunities and challenges of collaborating on technology development in the GCC (Gulf Cooperation Council). The event, organised by ITF, the technology facilitator for the global oil and gas industry and  sponsored by Kuwait Oil Company, will take place in Abu Dhabi on Monday February 27. ITF, a membership organization of international oil and gas operator and service companies, is  encouraging companies in the GCC to focus on the need for collaborative oil and gas technology funding and agree commitment to drive forward with a strategy for the region.  Neil Poxon, managing director of ITF will outline the benefits of driving new groundbreaking technologies through joint industry projects. He said: “At our first cluster meeting in the Middle 

East we will be profiling the benefits of collaborating on funding novel oil and gas technologies from sharing costs and risk to speeding up critical research and development areas such as enhanced oil recovery.” Presentations will be given by Abu Dhabi National Energy Company TAQA, as well as three of ITF member companies including Kuwait Oil Company, Petroleum Development Oman and Shell, on the 
opportunities and common challenges being experienced in the region. Dr. Adel Al-Abassi, Manager of Research and Technology at KOC said: “The collaborative efforts among the GCC is one of proactive tactic to focus on the main common challenges of regional fields / reservoirs formations and fluid aspects. This will greatly open an excellent bank of information to exchange ideas and build a network of knowledgeable resources from different companies and countries around the Gulf region.” 
The event will be chaired by James McCallum CEO and founder of Senergy, a global energy services company which offers operational and consultancy services across all countries and regions of the Middle East, and will also be attended by invited technology development companies and academic organizations.
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