The oil and gas industry is currently witnessing global oil price volatility coupled with an increasing emphasis on operating more sustainably. A forecast by the International Monetary Fund’s (IMF) expects the GCC’s GDP growth to return to pre-COVID-19 levels only in 2023 – citing weak oil demand, aggravated by the sharp downturn in oil prices due to the pandemic as the main culprits. Key players from the sector will discuss the potential that oil and gas companies can unlock with the use of emerging technologies.
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MENA Oil and Gas Summit to explore digital transformation
The MENA Oil and Gas Technology Summit, a one day virtual event hosted by MEED, will take place on Wednesday, 24 March 2021, bringing together stakeholders from National Oil Companies, large end users and utilities companies to explore topics including digitalization, automation, cybersecurity and asset integrity within the region’s oil and gas sector.
The first panel discussion, Data Driven Operations, will see experts from ADNOC, Saudi Aramco and Petroleum Development Oman discuss the opportunity to multiply the value of data in to big gains in efficiency, productivity and cost savings. The panel of experts will discuss the ways to improve business efficiency, predictive maintenance, secure, scalable and reliable data management, and optimized use of data across global oilfield operations.