Arctic Seas and Siberia: Key Topics at Russia Oil Summit this July
Wednesday, April 25, 2012
Exploring the North Arctic Circle and improving infrastructure in the Yamal region of northwest Russia are just two hot topics that will be discussed at the forthcoming Next Generation Oil & Gas Russia & CIS Summit, which is due to be held in St. Petersburg, Russia in July.
According to summit director Ben Williams, leading decision makers at Statoil, TNK-BP, Lukoil, Rosneft and Gazprom are attending to outline new strategy and solutions to solve immediate challenges when approaching harsh, icy and relatively unknown production environments.
More than 60 of the attendees arriving at the Park Inn Hotel in St. Petersburg, Russia between July 3 and July 5, 2012, will be top-level executives from operators and they will be keen to discuss operations in the Arctic Circle and the Yamal, said Williams. They will also be looking to see how they can strengthen HSE (health, safety and environmental) practices in the region and how innovative technology can help improve company operations.
"Divvying up new exploration blocks in the Arctic and how to maximize production in existing areas like the Barents, the Pechora and the Chukchi seas will be top of the agenda," Williams told Rigzone.
Companies such as AKAC are sponsoring the summit to meet face-to-face with key Arctic and offshore executives. AKAC provides high-level icebreaker and marine system development services.
Williams added: "All the top companies want a slice of the pie. So far, recent exploration projects have delivered exciting results. However, the severe climate conditions, lack of infrastructure and a high demand for innovative technologies and services have intensified competition to work in the Arctic."
And Russia's government is now proposing a tax package to provide an incentive to non-Russian companies to enter the offshore Arctic market.
Another popular topic will be the Yamal region. TNK-BP is spending close to $2 billion between now and 2014 on developing four oil fields. According to Williams, more than 27 percent of Russia's overall production is expected to come from the Yamal in the future.
Nadra Group (Ukraine) – a Gold Sponsor of the summit – is offering oil companies targeting the Yamal a variety of oil and gas service solutions ranging from first stage prospecting of seismic data acquisition and data processing into well logging and drilling services.
"There is also an urgent need to construct roads, rigs and pipelines throughout Yamal in order to extract the hydrocarbons that companies like TNK-BP, Gazprom, Rosneft and Lukoil are sitting on there," said Williams.
David Jenkins, Upstream HSE Director at TNK-BP, told Rigzone that the summit offered him an opportunity to discuss key industry issues with key decision makers. "The format of round table strategic discussion is one I hope actively to participate in," he said. "I will be especially interested to hear [about] some of the newer technologies that may be available in the safety and environmental area. Our organization is interested in the Artic and offshore developments and learning from these areas will be especially useful."
Timothy Adams, Baker Hughes' Business Development Director for the Russia/Caspian region, said that his firm was hoping to expand its professional contacts beyond its existing customer base, particularly among decision makers at operators in the Russia-CIS region. "We are planning to discuss leading edge technologies in the Baker Hughes portfolio that can help to improve recovery factors in brownfields and maximize economic development of greenfields," he told Rigzone.
Oleg Orlov, Regional Director for Russia and Eastern Europe for Blackberry maker Research In Motion, told Rigzone that the summit would be used by him to gain a "better understanding of the Russian oil and gas enterprise customer needs" as well as to improve his network of chief information officer contacts.
"There is a lot of demand from the industry for efficient data communication in many remote regions of Russia. The telecom infrastructure is often underdeveloped at the drilling sites – places where the customer wants it most," said Orlov, explaining that discussions with attending CIOs will help RIM design corporate mobility solutions that will work both in Russia's vast territory and abroad.
Baker Hughes, Man Oil Group, Novomet, The Nadra Group, Cameron, Huawei, Evologics and Putzmeister Solid Pumps are just a few of the companies sponsoring the event. Genady Shmal, President at the Union of Oil and Gas Producers Russia will provide his unique insights throughout the summit program. Rigzone is serving as the exclusive media partner for the summit.
The focus of the summit will not only represent Russia major industry players with operations in Kazakhstan, Ukraine, Azerbaijan and Europe.