Preview TOGY AbuDhabi 2015

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ABU DHABI 2015

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A sustainable futureH.E. Suhail Mohamed Faraj AL MAZROUEIMinister of Energy

Global connection

H.E. Abdulla Nasser AL SUWAIDIDirector GeneralABU DHABI NATIONAL OIL COMPANY

The age of gasH.E. Sultan AL JABERCEO of EnergyMUBADALA DEVELOPMENT COMPANY

ARTICLES | INTERVIEWS | VIEWPOINTS | MARKET ANALYSIS | RESOURCES | PROJECTS | MAPS | INVESTOR SPOTLIGHTS

THEOIL&GASYEARThe Whos Who of the Global Energy Industry


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12 THE YEAR IN REVIEW

13 INTERVIEW: H.E. Suhail Mohamed Faraj Al Mazrouei,Minister of Energy

16 INTERVIEW: H.E. Abdullah Nasser Al Suwaidi, ADNOC18 VIEWPOINT: The age of gas. H.E. Sultan Al Jaber, Abu

Dhabi Future Energy Company, Mubadala Development

Company19 THE YEARS AWARDS20 ABU DHABI AT A GLANCE21 THE INVESTORS INDEX22 THE YEAR IN ENERGY

24 DIPLOMACY & POLITICS

25 ARTICLE: Beacon of stability, beacon of change. AbuDhabi is diversifying its economy to ensure sustainability

26 IN POPULATION: GCC population growth, 1995-201327 INTERVIEW: H.E. Sheikha Lubna bint Khalid Al Qasimi,

Minister of International Co-operation and Development28 VIEWPOINT:An optimal mix. Adnan Z Amin, IRENA29 INTERVIEW: H.E. Abdalla Salem El Badri, OPEC30 ARTICLE: 2030 vision. The emirates 15-year targets

30 IN COMPARISON: Abu Dhabi's oil and non-oil GDP, 201331 INTERVIEW: H.E. Ali Majed Al Mansoori, ADDED32 MARKET ANALYSIS: Market evolution. H.E. Mohamed

Helal Al Muhairi, Abu Dhabi Chamber of Commerce andIndustry

FOLDOUT MAP:Abu Dhabis sphere of influence33 INTERVIEW: H.E. Fahad Saeed Al Raqbani, ADCED

34 EXPLORATION & PRODUCTION

35 ARTICLE:A new dawn for maturing fields.The expiry ofa key onshore concession means big changes ahead

35 IN RATIO: Reserves-to-production ratio, 201338 INTERVIEW: Al Rashid Al Jarwan, Adma-Opco39 COMMENT: The future looks bright. Umm Lulu developed40 INTERVIEW: Hatem Nusaibeh, Total E&P UAE

41 PULLOUT MAP: Oil and gas concessions, 201542 VIEWPOINT: Capture and storage. Neri Askland, Statoil43 INTERVIEW: Abdulkarim Al Mazmi, BP44 MARKET ANALYSIS: Mature prospects. Amer Yahya

Al Shaikh Ali, Total Abu Al Bukhoosh45 COMPANY PROFILE: ADCO

45 IN PRODUCTION: New field startups in Abu Dhabi46 INTERVIEW: Richard Doidge, Maersk Oil47 GEOLOGY REPORT: What lies beneath48 COMPANY PROFILE: Wintershall Middle EastFOLDOUT MAP:Zadco and Adma-Opco offshore operations49 MARKET ANALYSIS: New technology on the horizon.

Marc Durandeau, PI

50 COMPANY PROFILE: OMV Group51 ARTICLE: Carbon dioxide from steel to field. Carboncapture, use and storage programmes

52 COMPANY PROFILE: Zakum Development Company53 MARKET ANALYSIS:Adopt new techniques. Yosuke

Ueda, Jodco54 COMPANY PROFILE: Jogmec54 IN EXPORT: Top petroleum export destinations55 COMMENT:ADIPEC at 30. The annual event is an

important part of the industrys calendar56 MARKET ANALYSIS: Seismic and reservoir

characterisation. Jos Pereira, Partex Oil and Gas57 ARTICLE: Southeastern promise. Outlook for ADCOs fields58 INVESTOR SPOTLIGHTS: Bunduq Company, ADOC59 INVESTOR SPOTLIGHTS: Al Yasat Company for

Petroleum Operations, Al Dhafra Petroleum Operations,

Mubadala Petroleum60 THE GAS YEAR

61 ARTICLE: Reply with supply. Projects to reduce Abu Dhabisdependence on gas imports

62 IN RESERVES: Natural gas reserves, 2003 and 201363 INTERVIEW: Saif Sultan Al Nasseri, ADNOC64 INTERVIEW: Abdul Aziz Al Ameri, Gasco65 PROJECT HIGHLIGHT: Integrated Gas Development

phase one66 INTERVIEW: Fahim Kazim, Adgas67 PROJECT HIGHLIGHT: EmiratesLNG terminal68 INTERVIEW: Ibrahim Al Ansaari, Dolphin Energy69 MARKET ANALYSIS: Industrial gas supply. Salem

Al Mansoori, Elixier70 MARKET ANALYSIS: Old gas, new methods. Vipin Sher,

Praxair Gulf Industrial Gases71 COMMENT: Break convention. Developing sour gas72 INTERVIEW: Naji Skaf, Gulf Cryo73 INVESTOR SPOTLIGHTS: Air Liquide, Gulf Industrial

Gases

CONTENTS

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ABU DHABI 2015

The Whos Who of the Global Energy Industry

In partnership with:

Co-Published with:

24Diplomacy & Politics

The UAE is diversifying its economy to addresssurging energy demand. Through downstreamdiversification, more efficient hydrocarbons ex-

traction and processing and cleaner, more sus-tainable power generation, the country hopesto add value to its hydrocarbons resources. Pos-sessing nearly 6 percent of global oil reservesand 3 percent of the worlds gas supplies al-lowed it to weather the global financial crisis.

34Exploration & Production

Onshore concessions accounting for productionof nearly 1.61 million barrels of crude per day ex-pired in 2014 and Abu Dhabis oil and gas industry

changed trajectory. Maintenance of assets andcutting-edge technology for production enhance-ment could help the emirate export 3.5 millionbarrels of oil per day by 2017. For renewed con-cessions, 11 international oil companies are nowpre-qualified to place bids, with further interna-tional participation of industry players expected.

The Whos Who of the Global Energy Industry

THE OIL & GAS YEAR

www.theoilandgasyear.com

Financial content partner:

THE OIL & GA S YEAR| ABU DHABI 2015


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xx74The Years Focus: Bab & ShahSour Gas Projects

Exploitation of Abu Dhabis large sour gasfieldsis underway, as the emirate requires increasing

amounts of natural gas to sustain swelling de-mand for power generation, water desalinationand industry. Two billion-dollar extraction, pro-cessing and delivery projects that were previ-ously too expensive and risky to consider areunderway, the first to start producing in 2015.

86Oileld Services

Abu Dhabi is in need of oilfield services com-panies able to locate and develop new hydro-carbons pockets for its numerous large-scale

projects. To achieve these goals services firmsare offering advanced technology, such as seis-mic surveying and extended-reach drilling,that target hard-to-reach deposits. Abu Dhabiis also investing heavily in enhancing the num-ber of rigs available for upstream operations.

60The Gas Year

The UAE is a net importer of natural gas andis considering looking as far away as the USto satisfy demand for natural gas imports.

New gas projects are underway to provideenough energy for the growing economy, en-ergy-intensive industries and the overallneeds of the population, along with upgradesto older infrastructure. Replacing reinjectionof associated gas with carbon dioxide, nitro-gen, chemical or water injection is a priority.

74 THE YEARS FOCUS: Bab & Shah Sour Gas Projects

75 ARTICLE: Risk and reward. Mega-projects worth billions ofdollars are in the works to increase gas supply

78 INTERVIEW: Saif Ahmed Al Ghafli, Al Hosn Gas78 COMMENT: Where theres a will. Developing sour gas79 RESOURCE:Shah Processing Plant80 RESOURCE:What is sour gas?FOLDOUT MAP: Sour gas world map81 RESOURCE:The evolution of sour gas82 INTERVIEW: Andrew Vaughan, Shell83 MAP:Abu Dhabi gas distribution network84 PROJECT HIGHLIGHT: Etihad Rail network84 MAP: Etihad Rail network85 MARKET ANALYSIS: The sour endeavour

86 OILFIELD SERVICES

87 ARTICLE:Against the trend. Oilfield services companiescan boost production in both new and maturing fields

88 IN ACTIVITY: Rig count for Abu Dhabi and Middle East89 INTERVIEW: Hussein Fouad El Ghazzawy, Schlumberger

UAE

90 COMPANY PROFILE: National Drilling Company92 MARKET ANALYSIS: Innovation and co-operation. NabilAl Alawi, AlMansoori Specialized Engineering

93 INTERVIEW: Rami Qasem, GE Oil & Gas94 VIEWPOINT: Shared interests. Osama Amir Fadhel, TPI95 INTERVIEW: Atif Arikat, Al Ghaith Oilfield Supplies &

Services96 MARKET ANALYSIS: Regulatory standards. Akram Tamari,

Atlas Copco Rental97 INTERVIEW: Charlie Sinclair, Interwell98 VIEWPOINT: Partnered production. Iain Morrison, AGR99 MARKET ANALYSIS:An energy-efficient oasis.Benoit

Dubarle, Schneider Electric100 INVESTOR SPOTLIGHTS: Weatherford, Tenaris Global

Services, National Oilwell Varco, Welltec101 COMPANY PROFILE: Veolia Water Solutions

102 DOWNSTREAM, POWER & INDUSTRY

103 ARTICLE: Take stock of expansion. The governmentaims to boost competition in the downstream sector

106 INTERVIEW: Jasem Ali Al Sayegh, Takreer

106 IN REFINING: Regional refining capacity, 2004 and 2013107 PROJECT HIGHLIGHT: Ruwais carbon black and

delayed coker project108 PROJECT HIGHLIGHT: Borouge 3 plant expansion109 ARTICLE: Fujairah emerges as a downstream centre.

The port is a key exit and entry point for Abu Dhabishydrocarbons, circumventing the Straight of Hormuz

110 COMPANY PROFILE: ADWEA110 IN FINANCING:ADWEA Mirfa independent water andpower project financiers by country

111 IN ELECTRICITY:ADWEC electricity production111 IN CONSUMPTION:Abu Dhabi electricity demand111 IN CAPACITY: UAE power generation capacity112 MAP:ADWEC electricity and water networks113 COMPANY PROFILE: Emirates Steel Industries114 PROJECT HIGHLIGHT:ADCO Rumaitha and Bab

CO2 Injection Project115 COMPANY PROFILE: ADNOC Distribution116 INVESTOR SPOTLIGHTS: Cummins Middle East, Ruwais

Fertilizer Industries, Emirates Global Aluminium, AbuDhabi National Chemicals Company

118ENGINEERING & CONSTRUCTION

119 ARTICLE: Engineering for expansion. Abu Dhabisafeguards itself from over-reliance on the upstream sector

120 IN CONTRACTS: EPC contract awards by sector, 2013121 VIEWPOINT: FEED for thought. Vaseem Khan, Technip122 INTERVIEW: James Voskamp, WorleyParsons123 VIEWPOINT: Facilities for growth. Ali Vezvaei, Linde

Engineering124 INTERVIEW: Rajagopalan Srivatsan, Larsen & Toubro125 COMPANY PROFILE: NPCC126 INTERVIEW: Jesper Thomsen, Ramboll Oil & Gas127 COMPANY PROFILE: Mott MacDonald128 COMMENT: Full hail. Bringing the Hail field on line129 PROJECT HIGHLIGHT: North East Bab phase three131 MARKET ANALYSIS: Local and international competition.

Khalid Al Jabri, General Petroleum Services132 COMPANY PROFILE: Voith Middle East133 ARTICLE: Future fields. New technology for data systems134 MARKET ANALYSIS: Hi-tech oilfields. Carlos Marques,

Control & Applications Emirates135 INVESTOR SPOTLIGHTS: Aveva, Butec, Penspen

International, Petrofac Emirates

CONTENTS

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The Whos Who of the Global Energy Industry THE OIL & GA S YEAR| ABU DHABI 2015www.theoilandgasyear.com

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136MARINE & LOGISTICS

137 ARTICLE: Growth for all to sea. Abu Dhabi is investing inoffshore projects and relying on marine transport

138 INTERVIEW: Martijn Van de Linde, Abu Dhabi Terminals139 COMPANY PROFILE: ADNATCO & NGSCO140 INTERVIEW: Jamal Abki, Grandweld Shipyards141 COMPANY PROFILE: Irshad142 INTERVIEW: Samer Qiblawi, Marine Capabilities143 VIEWPOINT: Mix it up. Ronnie Knowles, GAC Abu Dhabi144 COMPANY PROFILE: NMDC144 IN CONSUMPTION: Regional oil consumption145 MARKET ANALYSIS: Marine pollution reduction.Tom

Boyle, Goltens UAE146 COMMENT:A new crude.Das crude ensures efficiency147 MARKET ANALYSIS: Offshore support vessel evolution.

Joseph Brincat, ABS148 RESOURCE:Abu Dhabi oil and gas industry emissions149 INTERVIEW: Mahmoud Ismael, Falcon Aviation Services

150 FINANCE, CONSULTANCY & LEGAL

151 ARTICLE: Prepared to weather the storm. UAE investment

prospects will survive low oil prices151 IN CONTRIBUTION: GDP sources, 2005 and 2013152 IN BUDGET: Oil price needed to balance national

budgets, OPEC members153 INTERVIEW: Andr Sayegh, FGB154 MARKET ANALYSIS: The Norwegian model. Neri Askland,

Statoil

155 INTERVIEW: Marc Mollema, NBAD156 VIEWPOINT:A transparent energy market.Paul

Navratil, Michael Hurley, PwC157 INTERVIEW: David Cynamon, Christopher Gunson,

Pillsbury Winthrop Shaw Pittman

158 ASSOCIATED SERVICES

159 ARTICLE: Study, survey and secure. Research anddevelopment in the spotlight

159 IN INNOVATION: Global Innovation Index researchand development rankings, 2014

160 INTERVIEW:Thomas Hochstettler, PI161 MARKET ANALYSIS: Offshore survey technology. Matt

Suchley, Horizon Geosciences162 INTERVIEW: Edward Talbot, ALE163 MARKET ANALYSIS: Lift and learn. Gary Mahoney,

Dutest164 INTERVIEW: Karim Sabet, United Safety166 MARKET ANALYSIS: Inspection and maintenance. Stuart

Bell, Totus Energy167 INVESTOR SPOTLIGHTS: Statistics Centre - Abu

Dhabi, Applus+ Velosi, Abela & Co

168 EXECUTIVE GUIDE

169 ACCOMMODATION173 CALENDER178 ACKNOWLEDGMENTS|ADVERTISERS180 IN BRIEF

Publisher: Emmanuelle Berthemet Editor-in-Chief: Gilles Valentin COO: Asl Konyal Regional Director: Jack Miller Country Director: erife Atc Country Editor: Benedick Gibson

Managing Editor: Simon Johns Production Manager: Alex Mazonowicz Chief Sub-Editor: Amanda Towle Deputy Chief Sub-Editor: Suzanne Carlson News Editor: Nick Augusteijn

Web Editor: Angus Foggie Co-ordinating Sub-Editor: John Houghton-Brown Sub-Editors: Sibel Akbay, Jessenia Chapman, James Kiger, Laura Moth, Daniel Salinas, Jordan Schultz,

Christina St. John Editorial Intern: Faustine Deffobis Contributors: Ian Ackerman, Dan Brookes, Aylin Erman, Max Harwood, Jon Hemming, Joseph Logan, Samantha North, Daniel

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General Manager: Eda Nuholu Director of Global Circulation: Ebru Ak Human Resources: Serra Pelit CFO: Hasan Meric Printing: APA Uniprint Production: Wildcat International FZ-

LLC ISBN 978-1-78302-092-8 E-mail [email protected] visit www.theoilandgasyear.com Cover: photographcourtesy of the National Marine Dredging Company

The Oil & Gas Year is a trading name of Wildcat International FZ-LLC. Copyright Wildcat International FZ-LLC 2014. All rights reserved. No part

of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means electronic, mechanical,photocopied, facsimiled, recorded or otherwise, without the prior permission of Wildcat International FZ-LLC. Wildcat International FZ-LLC has

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responsibility for the accuracy, completeness or usefulness of any information contained in this publication.

Exploring knowledge

Extracting intelligence

Refining communicationINTERNATIONAL

CONTENTS

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ABU DHABI 2015The Whos Who of the Global Energy Industry

THE OIL & GAS YEAR

The Whos Who of the Global Energy IndustryTHE OIL & G AS YEAR| ABU DHABI 2015

118Engineering & Construction

Abu Dhabi seeks to prolong the life of its hy-drocarbons resource base and looks to projectsthat will diversify and enlarge its energy indus-

try. Emphasis is placed on accuracy in projectbids, seeing front-end engineering and designbecome clearer and projects more integrated.Many companies hoping to participate in en-gineering and construction tenders will up-grade their capabilities to remain competitive.

136Marine & Logistics

Abu Dhabi invested heavily in upstream infra-structure since 2006 to increase its hydrocarbonsoutput. As oil and gas production enhancement

moves offshore, artificial islands are under con-struction in two large fields. Expanded port ca-pabilities have further increased capacity. Thehydrocarbons industry depends more on marinetransport every year, requiring equipment andtraining upgrades to ensure people and mate-rials reach their intended destinations efficiently.

102Downstream, Power &Industry

Six years after the initiation of Abu Dhabis Eco-nomic Vision 2030, the global price of Brent crude

fell below $60 per barrel in December 2014. Thegovernment is focused on enhancing the down-stream sector to boost economic stability alongwith energy security. Further decreasing the UAEsoil dependence will require the expansion of re-newable energy resources and heavy industries,as well as the integration of plants and facilities.

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13 A Sustainable futureH.E. Suhail Mohamed Faraj AL MAZROUEIMinister of Energy

16 Global connectionH.E. Abdulla Nasser AL SUWAIDIDirector General

ABU DHABINATIONALOILCOMPANY

THE YEAR IN REVIEW

photocourtesyofADNOC


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THEYEARINREVIEW

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INTERVIEW

INTERVIEW

The UAEs Ministry of Energy works with the Abu Dhabi National Oil Company

(ADNOC) and Abu Dhabis Supreme Petroleum Council to meet production

and distribution targets. Minister of Energy H.E. Suhail Mohamed Faraj Al

Mazrouei talks to TOGY about developing new oil, gas and alternative resources

to ensure long-term sustainability and reinforce the countrys energy security.

A sustainable future

H.E. Suhail Mohamed FarajAL MAZROUEIMinister of Energy

What is driving the decision to increasecrude production capacity to 3.5 million bar-

rels of oil per day (bopd) by 2017?Our growing economy requires more resourcesyear after year. Abu Dhabi has made the deci-sion to increase its hydrocarbons output inresponse to growing demand from the UAE.Part of that increase will be made by the on-going expansion of the UAEs refining capacity,from 500,000 barrels of oil equivalent per day(boepd) up to 920,000 boepd.

We decided to develop some of our newfields and ADNOC has signed exploration agree-ments at new concessions with the China Na-tional Petroleum Corporation and the KoreaNational Oil Company. In addition to developing

more resources, ADNOC is targeting productionof 1.8 million bopd from onshore fields, an in-crease from the current 1.6 million bopd.

Our offshore production is also being in-creased. One of our offshore operators, theAbu Dhabi Marine Operating Company, is rais-ing its production target to 1 million boepd.The other, the Zakum Development Company,is close to its targeted 750,000 bopd. Withthese increases, we hope to attain a productioncapacity of 3.5 million bopd by 2017. Webelieve that this capacity will be needed,though not necessarily by 2017.

The International Energy Agency has fore-casted that demand for crude from OPECmembers will not exceed 30 million bopd be-fore 2017. However, Abu Dhabi is expectingrequests from its trading partners to increasetheir oil allocations by 2020. We envision in-creased demand for our crude from both ourtrading partners and the UAE, and that is whythese production targets have been set.

What additional resources are available forAbu Dhabi to use in order to meet the UAEsincreasing electricity demand?The UAE imports almost half of the naturalgas it requires for power generation in theform of LNG. This is because most of the gas

produced from our own reserves is reinjectedinto our fields to maintain pressure.

In order to secure more gas for generationfeedstock we, along with ADNOC and its part-ners, have moved ahead with plans to further

develop additional resources, including sourand tight gas, which will also result in the ad-

ditional production of condensates.In addition to this, we are engaging with

international oil companies that possess ahigh level of technological proficiency in orderto find ways of reducing or replacing the rein-jected gas and freeing it for power generation,consumption and alternative uses, such ascarbon capture and underground storage andgaseous nitrogen capture.

Even though these projects will enhanceAbu Dhabis gas supply chain, the UAE is stillexpecting to import more natural gas in thefuture to meet domestic demand.

EmiratesLNG, which is a joint venture de-

veloping a regasification facility in Fujairah,will import close to 9 million tonnes per yearof LNG for power generation and regasification.The more we develop our domestic gas re-sources, the cheaper LNG imports will become,so it is economic for us to do this despite thelarge capital expenditure it requires.

How much progress has Abu Dhabi made inthe replacement of associated gas for rein-

jection into mature reservoirs?We commissioned a nitrogen plant at Mirfa,which is operated by the ADNOC Linde In-dustrial Gases Company. This company suppliesnitrogen to the Habshan onshore processingcomplex for compression and injection intothe nearby Thammama gas reservoirs.

The ministry has also sanctioned a jointventure between ADNOC and the Abu DhabiFuture Energy Company to capture carbondioxide from the steel plant operated by state-owned Emirates Steel Industries and inject itinto the Thammama reservoirs via Habshan.

We expect to commission more of thesekinds of projects in the future to boost gasproduction, but we are looking for the bestreservoirs to target for injection.

How does the ministrys relations with ADNOC

complement its role in retaining market sta-bility and supply security?Managing market dynamics is best achievedby sharing all the information received fromthe various bodies upon which the Ministry

We areengaging with

international oilcompanies that

possess a high level

of technologicalproficiency in order

to find ways ofreducing or

replacing thereinjected gas.

IN FIGURES

Crude production as of

November 2014

3 million bopd2017 crude production target3.5 million bopd

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