posted on 11/11/2013: 1496 views
Abu Dhabi National Oil Company "ADNOC" and its Group of Companies made a distinctive presence in the 16th session of Abu Dhabi International Petroleum Conference and Exhibition (ADIPEC), which kicked off yesterday at the Abu Dhabi National Exhibition Centre (ADNEC).
Held under the patronage of President H.H Sheikh Khalifa bin Zayed Al Nahyan, ADIPEC 2013 was inaugurated by H.H. Sheikh Hazza bin Zayed Al Nahyan ,National Security Advisor, Vice Chairman of the Executive Council.
After the inauguration ceremonies, Sheikh Hazza accompanied by Suhail Mohammed Al Mazrouei, Minister of Energy visited ADNOC stand. He was received by Abdullah Nasser Al Suwaidi, ADNOC Director General.
Sheikh Hazaa attended the signing ceremonies of two agreements which ADNOC signed with Mubadala Petroleum and Masdar. ADNOC '&' its Group of Companies are participating in the 16th session of Abu Dhabi International Petroleum Exhibition '&' Conference (ADIPEC) - the biggest event of its kind in the Middle East with a large Stand which reflects the distinguished position of ADNOC and its Group of Companies in the oil and gas industry.
ADIPEC 2013, which is taking place under the theme Energy for all in a Changing World' and organised by dmg::event, is supported by the UAE Ministry of Energy and ADNOC. ADIPEC is bringing together more than 1600 exhibitors with more than 50 thousands are expected to visit the show. Experts from the Oil and Gas Sector from around the region are invited to examine, explore and discuss the sector major news and developments.
Meanwhile ADNOC and Mubadala Petroleum LLC yesterday signed a Memorandum of Understanding to explore the potential opportunities in areas of mutual interest in the oil and gas sector.
The MoU was signed for Mubadala Petroleum LLC by H.E. Suhail Al Mazrouei Minter of Energy' and Mubadala Chairman and H .E. Abdulla Nasser Al Suwaidi ADNOC's Director General for ADNOC.
The agreement provides for mutual cooperation in a number of areas including: Small gas field development and exploration in Abu Dhabi and gas and liquefied natural gas "LNG" imports.
Introduction and development of unconventional technologies.
Technical and commercial development of personnel (including opportunities for foreign assignments of ADNOC personnel).
Commenting on the signing of the agreement Al Suwaidi said that this MoU comes within the context of efforts to support the speedy march of development and progress witnessed in the Emirate of Abu Dhabi through provision and diversification of the energy resources.
He added that " to cope with practical needs of the Emirate of Abu Dhabi resulting from the implementation of the Abu Dhabi Vision 2030 and the industrial and urban development witnessed in the Emirate ADNOC is exerting utmost efforts to provide gas as a clean source of energy to meet the growing needs of the UAE . ADNOC is seeking to increase its gas production through implementation of expansion projects in the exploration and production sector and introduction of modern technology in gas production processes.
Mubadala Petroleum Chairman, Suhail Al Mazrouei said "I'm very optimistic about the success of the various initiatives that will be generated by the collaboration between ADNOC and Mubadala Petroleum. This is a landmark agreement for Mubadala Petroleum, testimony to the growth of its portfolio, which includes exploration, development and production assets spanning 10 countries, and the increasing capability of the organisation. Mubadala Petroleum cherish the opportunity to work with ADNOC on the identified areas for mutual cooperation to pool knowledge and contribute to the continued growth of Abu Dhabi's oil and gas capabilities, both here at home and overseas.".
ADNOC also signed a cooperation agreement with Masdar to launch the Middle East's first commercial-scale carbon, capture, usage and storage (CCUS) project.
The deal grants a US $122 million engineering procurement and construction contract to UAE based Dodsal Group to build a CO2 compression facility and a 50km pipeline.
Located in Abu Dhabi, the capital of the United Arab Emirates, the project will compress and transport CO2 captured from the Emirates Steel Industries (ESI) factory to be used for enhanced oil recovery in Abu Dhabi's onshore oil fields. The project will sequester up to 800,000 tonnes of CO2 annually. Completion is set for early 2016.
The project consists of three core components. First, CO2 will be captured onsite at Emirates Steel, UAE 's largest steelmaker's facility. Second, the CO2 will be compressed and transported along a 50 km pipeline to oil fields operated by ADNOC. Third, ADNOC will inject the CO2 into oil fields for enhanced oil recovery (CO2-EOR) which liberates hydrocarbon gas and stores the captured carbon underground.
"This collaborative project is a major step forward in demonstrating the commercial viability of CCUS technology," said Dr. Sultan Ahmed Al Jaber, CEO of Masdar, Abu Dhabi's renewable energy company.
"What makes this project truly unique is capturing anthropogenic CO2 - which would otherwise be released into the atmosphere -and injecting it into wells where it will be sequestered ," added Dr. Al Jaber. "We hope this project will serve as a proof of concept and encourage other hydrocarbon-rich nations to adopt similar technologies to reduce their carbon emissions and increase output."
The UAE has traditionally used hydrocarbon gases in some Abu Dhabi fields to enhance its oil production. With national energy demand rising, this CCUS project will allow the UAE to preserve its hydrocarbon gases for domestic power generation.
"The United Arab Emirates is a responsible hydrocarbon producer," said Abdullah Nasser Al Suwaidi Director General of ADNOC. "We believe CCUS has tremendous potential to both reduce our carbon footprint and enhance our oil and gas production. We are committed to finding and adopting real-world solutions that have economic and environmental returns."
ADNOC is the first national oil company in the region to pilot CO2 injection back in 2009, as a preparation of this commercial scale project that would truly be a game changer in the region.
ADNOC has always been a pioneer in applying latest proven technologies to ensure sustainable supplies of hydrocarbons to the local and international markets," added Al Suwaidi. "By capturing, using and storing the CO2, we not only cut emissions, but add opportunities for increasing our oil and gas production, which can be sold internationally or used for domestic energy generation."
This project is the first phase of an industrial-scale CCUS network planned as part of the Abu Dhabi's commitment to decarbonise its economy and create a low-carbon power generation industry.
"CCUS presents a viable technology for energy-intensive industries to lower their carbon footprint," said Engineer Saeed G Al Romaithi, CEO of Emirates Steel. "By capturing and eventually storing our CO2 stream, ESI sets an example of supporting Abu Dhabi's sustainability objectives through operating environmental friendly heavy industries within the emirate of Abu Dhabi."
Carbon capture solutions are often cited as a critical strategy for climate change mitigation. According to the International Energy Agency (IEA), up to one-fifth of global CO2 emissions will need to be mitigated by carbon, capture and storage projects in the power and industrial sectors by 2050. To meet this goal, the IEA projects 100 carbon capture projects by 2020 and over 3,000 by 2050 will be needed, requiring an investment of an estimated USD 3 trillion from by 2050.
"With energy demands surging to unprecedented levels, along with greenhouse gas emissions, the Middle East must adopt clean technologies, renewable energy and carbon mitigation solutions," added Dr. Al Jaber. "Through this collaboration, the United Arab Emirates is developing a blueprint for how to incubate and establish a low-carbon, new-energy industry in the region."
This project fulfils five-year collaboration between Masdar and ADNOC to explore the feasibility of sequestering CO2 for enhanced oil recovery. – Emirates News Agency, WAM
|24 October 2014||Abu Dhabi wins bid to host the 2019 World Energy Congress|
|24 October 2014||ENOC reduces diesel retail price by 20 fils to Dh 3.50 per litre|
|23 October 2014||Falcon Aviation Services signs orders for two AW189 helicopters|
|23 October 2014||Suhail Al Mazrouei launches U.A.E. Energy Status Report|
|23 October 2014||Dubai announces crude oil price for January|