The SPE International Heavy Oil Conference & Exhibition took place recently at the Al-Dorra Ballroom of the Mangaf Hilton. The event, which featured the participation of hundreds of attendees from regional and international companies related to the oil and gas industry, was organized by the Society of Petroleum Engineers and held under the patronage of His Excellency Anas Al-Saleh, Deputy Prime Minister, Minister of Finance, and former Acting Minister of Oil.
Badria Abdul Raheem, Conference Chairperson and KOC DCEO (NK), delivered the conference’s opening remarks. In her address to the audience, Abdul Raheem maintained that the focus of the conference would touch on the conference’s theme: “Future of Heavy Oil: Challenges and Opportunities.” This topic, she said, represented a very important issue for not only Kuwait, but many other International Oil Companies (IOCs) that included heavy oil in their long-term goals as well.
KOC CEO Jamal Jaafar also addressed the audience and said that heavy oil offers a large potential resource base for meeting the world’s long-term energy needs. He also said that despite being more expensive to recover, heavy oil would increasingly play an instrumental role in supplying the needs of the global oil market.
During the event, KOC DCEO Emad Sultan served as moderator for the Executive Plenary Session. Panelists included John Gallagher, Executive Vice President of Shell, Hussain Shehab, Country Chairman of Glasspoint Solar, and Krishna Shivram, CEO of Weatherford. Key topics were discussed during the executive plenary session where speakers uncovered different aspects of the conference theme.
The conference also includes two panel sessions titled Heavy Oil Economics: Challenges and Opportunities and Heavy Oil: Projects in the Region plus 14 technical sessions covering a variety of technical papers pertaining to the exploration, maintenance and retention of heavy oil.