Focus on oil and gas productivity at Algeria event
ORAN, Algeria, February 8, 2017
Major players in the North African oil and gas industry will take part in the 7th North Africa Petroleum Exhibition & Conferences (Napec) to be held in March in Oran, Algeria.
The event, from March 21 to 24, is set to focus on strengthening operational excellence and increasing productivity as the market in North Africa shows signs of stability, despite the production cut to comply with Opec’s decision, a statement said.
Building on the extraordinary success of last year’s edition, which attracted more than 25,000 visitors, and the signature of thousands of deals, attendees and exhibitors at Napec expect to generate more business this year as oil prices stabilised around $50/bbl over the last few months.
Major oil field service providers such as GE, Baker Hughes, Siemens, are expected to attend and exhibit during the three-day event, in addition to the European Association of Geoscientists & Engineers (EAGE).
“As oil prices stabilise, activity will stabilise and improve. The industry focus will move from cost cutting to value/efficiency so technology will become more important as will productivity improvement,” said Dr Chris Ward, president of the European Association of Geoscientists & Engineers (EAGE).
While oil price changes are cyclical, the recent trends have underlined the need for all operators – across the value chain – to strengthen their operational efficiency and maximize productivity. “That is the biggest opportunity that digital industrial solutions will bring to the oil and gas sector and which will be the big strategic trend for 2017,” said Smail Bouderba, CEO, GE Oil & Gas Algeria.
“Simplifying in many critical areas of the oil and gas industry is happening and our industry is now primed for the next industrial era, which is in digital. We believe opportunity like this can be answered with technology, so we are focused passionately on how we can help solve these difficult challenges,” Bouderba said.
In addition to the presence of major service companies, the 2017 edition of Napec is an ideal platform to explore partnerships and meet with major national oil companies (NOCs) such as Algeria’s Sonatrach, Libya’s National Oil Corporation (NOC), Egypt’s EGAS and Tunisia’s ETAP, apart from international oil companies (IOCs) such as Repsol, and major service companies. The event will also feature representatives of North Africa energy ministries and regulatory organisations such as Algeria’s Alnaft.
The trade exhibition at Napec will showcase products, services and technologies in the upstream, midstream and downstream sectors, and will be held at the Le Meridien Oran Hotel and Convention Centre from March 21 to 24. – TradeArabia News Service
