Reuters reported that Abu Dhabi National Oil Company (ADNOC) is looking to take advantage of market conditions and bring down the operating cost of its projects by 25%, said Ali Khalifa al-Shamsi, ADNOC’s strategy and coordination director.

“We are making good progress towards it,” Shamsi said, adding ADNOC was continuing with all its projects and stressing that there were no delays to field maintenance, as safety would always remain a top priority.

According to Trade Arabia, the UAE’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) – planned for November 9 to 12 – is part of the UAE’s attempt to prove to the world that it is still a thriving energy hub despite falling oil prices.

144 companies in the emirate’s oil and gas industry were newly registered over the last 12 months, the Adipec 2015 Press Conference revealed.

The theme for the 18th edition Adipec is “Innovation and Sustainability in a New Energy World”.

Ali Khalifa Al Shamsi, who is also the Adipec 2015 chairman, said: “Adipec has proven to be a successful global forum and platform for industry leaders, decision makers, and experts to share knowledge and experience the latest in oil and gas innovation and technology.”

Adnoc will have a strong presence this year in four locations at the exhibition,” Mr Al Shamsi said. “In addition to the main stand, Adnoc and its affiliated companies will exhibit in the new and purpose-built Offshore, Marine and Heavy Equipment Zone, as well as the dedicated quay-side exhibition space.”