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Issue 4 2021 oilreview.me
Serving the world of business
Editor: Louise Waters - louise.waters@alaincharles.com Editorial and Design team: Mariam Ahmad, Prashanth AP Fyna Ashwath, Miriam Brtkova, Praveen CP, Robert Daniels Matthew Hayhoe, Manojkumar K, Unique Pattnaik Nonalynka Nongrum, Rahul Puthenveedu Samantha Payne, Deblina Roy and Vinita Tiwari Publisher: Nick Fordham Sales Manager: Richard Rozelaar richard.rozelaar@alaincharles.com Magazine Sales Manager: Tanmay Mishra +91 98800 75908 tanmay.mishra@alaincharles.com
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Editor’s note
WITH OIL PRICES on the rise as economies rebound, oil market prospects are looking up. Global oil demand is set to return to pre-pandemic levels by the end of 2022, rising 5.4mn bpd in 2021 and a further 3.1mn bpd next year, according to the IEA’s June oil market report. This is reflected in a more positive outlook for EPC projects, as we report on p16. ADNOC, for example, recently awarded EPC contracts amounting to US$318mn to connect smart wells with production facilities, while Saipem has been awarded the extension of two important contracts for onshore drilling activities in Saudi Arabia which it regards as a “positive sign of a gradual resumption of activities following the COVID-19 pandemic”.
With the energy transition and emissions reduction now at the top of the agenda, we look at Oman’s push into clean energy developments (p12), while our technology section covers a wide range of areas from well integrity and flow control to artificial lift, data management and Digital Twins.
Contents
Calendar
4 Executives’ calendar
Listings of regional and international events, both in-person and virtual, and a look ahead to Gastech 2021
News
6 Developments
A round-up of the latest news from around the region
Oman
12 Oman presses ahead with green energy projects
Oman’s oil and gas companies are playing a leading role in new green energy projects
14 PDO powers on
Oman’s energy sector is in good shape, under the stewardship of its leading oil and gas company
EPC
16 Prospects for EPC contractors looking up
EPC contractors are enjoying a steady project pipeline in the Gulf, despite global challenges
Oil Spill
18 Keeping the seas clean
Oil and waste spills can have disastrous consequences
19 Ten things to do to improve oil spill preparedness
Guidance to help companies put in place prevention barriers and readiness actions
Technology
24 How to be certain of the uncertainty of an MFM
The importance of measurement uncertainty analysis for multiphase flow meters
26 The mitigation of sour corrosion at lower treatment rates
Alleviating corrosion risk in the field
28 Addressing the issue of liquid loading
A new subsurface artificial lift technology which alleviates liquid loading and extends productive well life
30 Disrupting existing assets with cloud and digital twins
Digital twin creation for capital maintenance and brownfield projects
32 Addressing data challenges in the midstream sector
How midstream operators can make the best use of their data to optimise their processes
34 The evolving role of well integrity
The pressures shaping the well integrity market, and the factors that will drive change for the discipline in the future
Innovations
40 Industry developments
The latest product advancements
