INTERGAS V became the must-attend event for all companies operating in the oil, gas and petrochemical industries and aiming at enhancing or boosting their businesses in Egypt.
By combining the Ministry-led Strategic Conference with the International Exhibition led by all the Major State-Owned companies together with their international and domestic partners and suppliers, INTERGAS V offered a valuable opportunity for everyone concerned with the industry; an essential strategic overview combined with the perfect commercial showcase for products and services. Thus, over the year, it has become the most important energy event ever to be held in Egypt. Building on the outstanding success of the 2007 edition, which grew exhibitor numbers by 58 percent, INTERGAS V delivers a huge audience of quality trade visitors at Egypt’s most prestigious venue, the CICC.
With a proven track record of over 10 years, the strategic conference highlighted business opportunities, best practice and industry updates throughout the Middle East and North Africa (MENA) region. The three-day event had a new record of participation since more than 1,200 delegates from all over the world and 450 companies representing 51 countries showcasing their products and technological excellence to thousands of professional visitors from all the region at what is now the best-recognized international exhibition for the whole MENA region.
The theme of the event was ‘Future Energy Challenges’ to overcome the obstacles and challenges that will face the oil and gas field in the future.
The opening ceremony of INTERGAS V conference was inaugurated with a speech by Eng. Sameh Fahmy, the Egyptian Ministry of Petroleum, in addition to the Ministerial address, special address by OAPEC General Secretary and the heads of ENI, Shell, BG, BP, Novatek and Gail India were given as well.
Despite the unusual “late” opening of the Conference and Exhibition, the number of guests and attendees was recognizable and visitors seized this crucial opportunity to know the latest products and services displayed by the exhibitors.
Building its reputation as the best venue for the oil and gas sector, INTERGAS V has been recognized in collaboration with four categories of sponsorship; Platinum Sponsors, Gold Sponsors, Silver Sponsors and the Bronze Sponsors. This year’s platinum sponsors included Dana Gas, ENI Ieoc and BG Egypt. While the Gold Sponsors were four major petroleum companies in addition to one bank; they were Shell, BP, Enel, Dana Petroleum as well as Credit Agricole Egypt. As for the Silver Sponsors, it was led by OMV, Melrose Resources, RWE, Schlumberger, Union Fenosa, Superior Energy Services Inc, the Commercial International Bank (CIB), Damco, TransGlobe Energy Corporation, Egyptian Drilling Company (EDC), CEPSA and Lufthansa.
However, the support and contribution of the private sector have never eliminated the vital cooperation of the public sector as well. The Egyptian Ministry of Petroleum has always been the main supporters of INTERGAS since its first term. Moreover, the contribution of many public authorities and companies such as the Egyptian General Petroleum Corporation (EGPC), EGAS, ECHEM, Ganope and EMRA, has been of a great importance to ensure the success of this major event.
“The planning and preparation process of the 5th INTERGAS was done two years ago, in coordination with the Egyptian Ministry of Petroleum,” said Mr. Ahmed Shiha, the Chairman of Egypt International Fairs, at the opening of the conference.
“In order to get the best image for our event, we attended around 24 international exhibitions to get the experience and bring the latest ideas in order to have the best edition for INTERGAS,” he added.
As for the speech of the Egyptian Petroleum Minister, he stated that there are some noticeable issues facing the global petroleum industry, which led to the domestic decline of the petrochemical revenues by 40 percent. Whereas the decline in the oil and gas was at the rate of 5-10 percent which presents a tough challenge in the field in the light of the crunch credit of the world banks.
“Unless there will be decisions to be taken by the industry officials, the price of the crude oil will reach $200 per barrel. Nevertheless, Egypt’s situation is not bad despite the economic crisis,” said the Egyptian Minister.
He added that Egypt has planned for the current crisis by scheduling an increase of its crude oil production as well as reserves. Besides, luring more investments was another important factor for Egypt to make good use of this production increase. Moreover, the infrastructure played an important role to maintain the same increasing rate in both investments and production. All these factors stand behind avoiding the bad effects of the current economic crisis.
On the other hand, the first day conference also witnessed speeches from Mr. Tim Blackford, BG Egypt President, in addition to Dr. Hany El-Sharkawy, Dana Gas Egypt Country Manager, and Mr. Hisham Mekawy, BP Egypt President.
On the second day, the agenda consisted of four sessions on the Downstream Track focusing on the petrochemicals, marketing and refineries in addition to four other sessions on the Upstream Track.
As for the third day, it was full of the technical sessions which also were in two streams. Stream A focused on the economics in the industry, project management techniques, reservoir evaluation and the well construction. While stream B was about Gas handling technology, improving downstream operation and the deep water well construction in addition to the asset integrity.Download