The 2018 edition of ADIPEC focused on digital technology and automation. In the oil & gas industries to achieve more efficiency and productivity in a changing environment, new technologies have taken a preponderant and potentially hopeful role.
It is one of the largest, most important and influential oil and gas events in the world, always bringing together industry experts and stakeholders to share knowledge and exchange ideas on a better future for the energy sector. A total of 110,000 attendees met for 4 days at the Abu Dhabi National Exhibition Centre (Adnec).
ADIPEC 2018 hosted more than 2,200 exhibiting companies and 29 pavilions from exhibiting countries that showed thousands of products, services and solutions in 155,000 m² of space. With 15 dedicated exhibition halls, ADIPEC brought together 42 national and international oil companies, together with decision-makers and policy makers to shape the future of the oil and gas industry.
ADIPEC 2018 had three new exhibition areas dedicated to the energy sector, heavy machinery and commercial diving area, and therefore, become the meeting force behind the oil and gas associations of the future.
As oil prices rise and the perspective of the industry looks better than what was envisioned a few years ago, ADIPEC has changed its focus in 2018 to prophesy a growing, profitable company with many challenges to overcome.
Digital transformation as number one priority.
The programme of the strategic conference highlighted digitisation, market stability and the creation of sustainable growth in the industry. It included three sessions with representatives from around the world who discussed the global energy landscape, from restructuring global energy companies to reshaping their markets and collaborating for a globally sustainable energy industry.
While digital transformation has been on the radar of the oil and gas business for some time, harnessing the power of new technologies is now the number one priority for industry decision-makers as they determine the future of the business. In response to the great importance attached to digital transformation, the world’s leading oil and gas event, the Abu Dhabi International Petroleum Exhibition and Conference (Adipec) has unveiled a completely new Digitalization Zone for this edition.
BP CEO Bob Dudley told the Financial Times that they have a project for data analysis and it has resulted in a 20 percent increase in production. The BP Technology report predicts the application of digital tools, such as sensors, artificial intelligence, drones, 3D printers and robotics, all backed by cloud technology, and could reduce primary energy demand and energy system costs by 20 -30 percent by 2050.
Speakers for ADIPEC 2018 were Mohammed Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), the Minister of Energy and Industry of the United Arab Emirates, Suhail Mohamed Mazrouei, as well as ministers from Egypt, Oman, Bahrain and Jordan. They were joined by industry experts and executives from leading national service companies, IOC and oil services.