Innovation is key to achieving progress in the energy sector in today’s economic environment, according to Abu Dhabi industry leaders.

As regional and global oil and gas companies continue to submit their nominations for the prestigious Adipec 2015 Awards ahead of the July 30 deadline, members of the Regional Select Jury (RSJ), which is comprised of senior professionals from across the industry, emphasised the pivotal role that developments in technology play in creating and harnessing sustainable energy resources, said a statement.

Ali Khalifa Al Shamsi, director of Strategy and Co-ordination at Adnoc and Adipec 2015 chairman, said: “With eight categories that span the most critical issues surrounding the energy sector, the Adipec awards encourage and uphold organisations that champion forward thinking attitudes and value new ideas brought by young talent.

“This is essential in order to continue meeting the ever-growing global demand for energy in the context of today’s market conditions.”

Set to take place on the opening night of the Abu Dhabi International Petroleum Exhibition and Conference (Adipec), one of the top three energy events, the Adipec 2015 Awards are currently accepting nominations and offer both regional and global companies a platform to showcase accomplishments that shape the future of the industry.

Rafi Baghdjian, chief operating officer at Shell Abu Dhabi and member of the RSJ, said: “Innovation sits at the core of sustainable energy production. It helps cut costs, allowing you to become more competitive in this economic environment.

“For example, Abu Dhabi is currently pursuing ventures, such as Al Hosn and Bab sour gas projects, that may not have been possible or very expensive 10-20 years ago. But through innovative methods, we can now extract this gas both safely and efficiently.”

“Looking to other countries like the US, where innovative techniques are being used to extract shale oil and gas, a decade ago it was thought that it would not be possible to tap into these very tight reservoirs in an economic way, but innovation has driven this kind of development – it is a bloodline of the oil and gas industry,” Baghdjian added.

Among the eight categories of the Adipec 2015 Awards, ‘Best Oil & Gas Innovation or Technology’ (Surface or Sub-surface) is currently showing the most interest, demonstrating the region’s unwavering commitment to advancing the oil and gas industry, and to meeting the rising global demand for energy.

The ‘Best Oil & Gas Corporate Social Responsibility (CSR) / Health, Safety, and Environment (HSE) Project or Initiative’ category, and the new ‘Best Dissertation of the Year’ category follow, both looking at critical areas that promote progress within the energy sector.

Dr Thomas Hochstettler, president of the Petroleum Institute and RSJ member, said: “Going forward, we are all aware that the oil & gas industry will be facing both challenges and enormous opportunities – developing our knowledge and understanding of the sector is absolutely essential if we are to grow and develop the industry.

“The Best Dissertation Award will promote academic excellence and help to deliver real-world understanding.”

Also new to this year’s awards is the ‘Best Practice’ category, which recognises the creation and successful implementation of an initiative that offers improvement to an internal business process, structure, or culture.

The remaining four categories include ‘Best Oil and Gas Mega Project’, ‘Best Oilfield Services Company’ (local, regional or international), ‘Young Adipec Engineer’, and ‘Oil and Gas Woman of the Year.’

The highly coveted accolades present oil and gas companies with a unique opportunity to not only have their achievements recognised regionally and globally, but also to disseminate knowledge and information that will set benchmarks for excellence in the industry.

Source: Trade Arabia