The global demand for energy is expected to increase 50 to 60 per cent by 2030, much of it from newly emerging markets, said David Dalton, BP Chief Representative, Abu Dhabi. “We believe there are ample reserves of hydrocarbon around the world that can satisfy this rising demand; it’s just a matter of finding, developing and producing them efficiently. That is where technology and innovation play a vital role-whether it be in the ultra-deep water off west Africa or the supergiant fields of the Middle East.”
BP is currently showcasing some of its advanced technologies and data management systems that are enabling greater recovery levels from such fields at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) at the Abu Dhabi International Exhibition Centre.
Dalton said rising global energy demand, combined with social and economic considerations such as increasing environmental and security of supply concerns, are providing the impetus for increased innovation in oil and gas field technologies and alternative energy research.
“From exploration to the management of our oil and gas fields, BP scientists and engineers are transforming the way we operate,” said Dr. Andrew Brayshaw, Director of Business Development, BP Middle East and South Asia. “Utilising new seismic techniques we are able to see where we haven’t seen before and to squeeze several billion extra barrels out of fields that were previously thought to be uneconomic.”
A series of presentations at the BP stand takes ADIPEC visitors through some of the proprietary technologies the company is deploying around the world, and how they are being integrated to provide a complete picture of how oil and gas reservoirs behave.
BP is also highlighting the advancements it is making in developing low-carbon energy resources, ranging from hydrogen power to wind and solar. The company set up a new division last year – BP Alternative Energy – with the aim of investing $8 billion in the research and development of alternative energy sources over next decade.
Note to editors:
BP is one of the world's largest companies with almost 100,000 employees and operations in more than 100 countries on six continents. The company’s main activities are oil & gas exploration and production, refining, marketing and supply & transportation.
The company’s regional exploration and production operations and regional leadership are headquartered in Abu Dhabi, with a wide ranging portfolio of activities across the region.
Dubai is the regional hub for BP’s refining and marketing businesses, marketing products to 38 countries across the Middle East and South Asia from Egypt to Sri Lanka. The Dubai-based businesses include Air BP, BP Lubricants, BP Marine and Integrated Supply & Trading.
For further information please contact:
Fares Ghneim, BP International, Abu Dhabi: +971 2 632 3999, [email protected]
