Kuwait is hosting a key event which aims to enhance maintenance strategies and strengthen production and operational resilience in the energy industry starting today (February 5).

The 3rd Annual Maintenance Kuwait Summit, hosted by KNPC, opens with a Focus Day today. The official opening  of the conferences will take place tomorrow (February 6), the Radisson Blu Hotel, Salwa.

The conferences will continues on february 7 and there will be a post-conference workshop on February 8.

Kuwait is all set to be the region’s next downstream hub with almost $30 billion worth of mega projects including the Al Zour Refinery, the integrated petrochemical complex and the LNG receiving terminal to go fully operational in the next few years. With the Clean Fuels Project and also refinery modernisation in progress for the legacy assets in Kuwait, value added integration of the downstream sector is currently making a swift progress, said organisers IQPC.

At the same time, with over 500 wells to be drilled in North Kuwait around the Fars heavy oil field and the Jurassic production centres in progress, the upstream investments in Kuwait are also expected to be completed in the next few years, the future looks extremely bright especially for Kuwait where the oil and gas industry are leaving absolutely no stone unturned to achieve “The KPC 2030” strategic objectives, it said.

These massive projects will help Kuwait achieve a daily output of 1.4 million bpd refining capacity and over 4 million bpd of crude oil production. Sustaining these projects in the longer run will require a robust maintenance strategy and its successful implementation. The cost of maintenance should by no means become a daunting factor for timely addressing the wear of machinery because no matter how high the cost is, it will be small compared to the cost of a major breakdown. In fact, recent surveys showed that actual cost of machine breakdown could be within the range of 15 times higher than maintenance cost, the statement from IQPC said.

The Summit will include awards of excellence, practical case studies, technical presentations, interactive workshops and roundtables, plus a new challenges versus solutions session which will help you walk away with answer to your specific questions.

Attendees will hear from the top national oil companies in the region and internationally including KNPC, KOC, PIC, Equate, Gasco, Adco, Adgas, Qatar Petroluem and Saudi Aramco. - TradeArabia News Service