MANAMA: The challenge for the Arabian Gulf having the world’s largest oil and gas reserves is to combine technology, business and human resources in the best possible way.
Oil Minister Shaikh Mohammed bin Khalifa Al Khalifa said this yesterday during the opening of the 13th Middle East Geosciences Conference and Exhibition (Geo 2018), being held under the patronage of His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa, who had deputised the minister to inaugurate the event.
Addressing delegates at the Ritz-Carlton Bahrain, the minister said to be able to produce these supplies successfully and deliver them to the market efficiently would require participation between industry, government and consumers, considering supply and demand.
He said that the oil industry in the region is seeking to develop high-tech industrial initiatives and provide best incentives for exploring difficult oil; and co-operate with the relevant support services companies to find innovative solutions to the challenges of this vital sector.
Calling for a review of training programmes that provide qualified professionals in the sector, he said how we maintain a steady flow of new and high quality talent to serve the industry in the decades ahead remains a priority.
He stressed the urgent need to attract youth to take over the leadership of the oil sector in the future to come, which requires investment in the development of competencies of the human capital in accordance with international standards.
He commended the efforts led by Noga and its subsidiaries to adopt a comprehensive succession plan for the oil and gas sector in Bahrain.
The four-day conference and exhibition under the slogan “Push the Technical Boundaries: Drawing the Image of Energy” would move to the Bahrain International Exhibition and Convention Centre (BIECC) today where the exhibition would be inaugurated in the morning.
“We are certain that GEO 2018 will be an extraordinary platform which will provide all
participants with unlimited benefits, and will open new frontiers for the current oil industry challenges,” said Ahmad Al Eidan, GEO 2018 general chair and deputy chief executive for drilling and technology directorate, Kuwait Oil Company.
Key features include daily panel discussions led by chief executive officers, peer-reviewed technical sessions and a programme of activities designed for students and young professionals.
The conference programme includes more than 420 speakers of the best experts and focuses on geological studies and challenges of reservoirs, the role of earth sciences in environment, safety, risk management and innovation.
It is organised by UBM-Arabian Exhibition Management and American Association of Petroleum Geologists in collaboration with the National Oil and Gas Authority.