Nov 29 2011 |
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Gas Flaring reduction initiatives crucial for the Middle East
Rise in Gas Investments in the Middle East raise concerns to improved gas flaring reduction practices
The Middle East has been an attractive region for investors and companies to profit from its abundant gas resources. Saudi Aramco CEO, Khalid Al-Falih recently stated that their focus is to invest heavily in gas.
Dr. Jonathan Evans, General Manager, BP Oman, stated that there is around 100 trillion cubic feet of tight gas within BP 's Block 61 concession in Oman. In addition, Dr. Faleh Al Khayat, Former Director General of Planning, Iraq Ministry of Oil said that Iraq was potentially exporting 100 billion cubic meters of gas per year making the Middle East gas industry an extremely lucrative industry.
In 2010, an estimated 134 billion cubic meters of gas was flared, a crucial waste of this useful energy resource. Gas flaring resulted in an estimated 400 million metric tons of carbon dioxide emissions annually with obvious environmental consequences.
Ali Ghazzay Al Otaibi, Operations Section Head, Sulphur Blocks & Utilities, KNPC, and speaker at the Gas Arabia Summit commented: "There are two main reasons for our strong involvement in gas flaring reduction. The first is due to our organizational commitment, which was strengthened in 2001 to save the environment, and the second is due to the profit that was discovered behind these efforts. Instead of burning away millions of Kuwaiti Dinars, KNPC could capitalize on the latest technologies to make significant gains in revenue, which the company has benefitted from for several years."
The Gas Flaring Day, sponsored by Saudi Aramco and GE Oil and Gas, will provide attendees with an in-depth analysis of the current and emerging consequences of gas flaring in the region. In addition renowned speakers will discuss how gas-producing companies can strategically move towards zero flaring.
The Gas Flaring Survey has been launched by the organisers in cooperation with Saudi Aramco to gather data on operators' practices on flaring. The data will be discussed and analysed at the event on 14 December. The Survey can be completed at www.surveymonkey.net/s/gasflaring.
Speakers confirmed to participate include: Saad Turaiki, VP Southern Area Oil Operations, Saudi Aramco; Wael Al Blaies, Flare and Relief System Specialist and the department Supervisor, Muhsin Al Khudhairi, Saudi Aramco, Bryanne Tait, Senior Project Manager, E.ON Masdar Integrated Carbon; Ali Ghazzay Al Otaibi, Operation Section Head, Kuwait National Company; and more.
-Ends-
Event website: www.theenergyexchange.co.uk/gasarabia
For media enquiries please contact:
The Public Relations Company
Kay Braganza
Consultant
kay.braganza@tprc.ae
Tel: +971 50 7681684
THE ENERGY EXCHANGE
Arianna Neri
Project Director
a.neri@theenergyexchange.co.uk
Tel: +39 338 111 2103 | +971 2 401 2930
© Press Release 2011
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