Show goes on | 336 (June 2017)

Many annual energy-related events take place in late spring and early summer in the countries where LUKOIL operates. 2017 was no exception. LUKOIL participated in several exhibitions and conferences, demonstrating to stakeholders its seriousness as a major investor in the industry.

2017-06-21 14:40 Views 560

Many annual energy-related events take place in late spring and early summer in the countries where LUKOIL operates. 2017 was no exception. LUKOIL participated in several exhibitions and conferences, demonstrating to stakeholders its seriousness as a major investor in the industry.

the St. Petersburg International Economic Forum

SPIEF – The Biggest and the Best

Without a doubt, Russia’s largest annual exhibition took place on May 1-3 at the St. Petersburg International Economic Forum. This year’s event was the largest in its history, with over 14 thousand participants from 143 countries.

Around 386 investment deals were signed totaling over 2 trillion rubles (approx. $35 billion) in value. The official guest of honor at this year’s event was India while the US led in terms of delegates with 140 companies represented.

LUKOIL’s stand became a real office for the company. A large territory, good location in the main pavilion, solid construction and hi-tech multimedia solutions allowed for it to be applied to a wide range of solutions. It served as the venue for LUKOIL President Vagit Alekperov’s interview with CNBC, an interview with OPEC Secretary General Mohammed Barkindo, the signing of a deal between LUKOIL and Russia’s Samara Regional government and negotiations with companies like Total, BP, ExxonMobil, Shell.

S.L. Gurzhiy, G.I. Ibrahimov at the stand OGU 2017

OGU – Focusing on Ecology

Global Oil & Gas Uzbekistan (OGU 2017) took place on May 17-19 and featured 178 companies from 28 countries involved in hydrocarbon exploration and production, services, equipment supply and other related sectors.

Gulomjon Ibragimov, Deputy Prime Minister of Uzbekistan, offered the event’s keynote speech and, together with state-owned Uzbekneftegaz Chairman Alisher Sultanov, was the primary guest at LUKOIL’s stand.

LUKOIL made environmental protection an important part of this year’s presentation, offering guests information about its policies in a corporate brochure titled ECOlogical Culture. The company’s representatives also spoke at length at OGU 2017 about LUKOIL’s efforts to preserve the environment. These included LUKOIL PR Head Gleb Ovsyannikov, who described the company’s efforts in 2017 as part of Russia’s Year of Ecology campaign.

Similarly, LUKOIL Uzbekistan representative Dmitry Kim offered a presentation on his company’s environmental efforts. “Over the last 10 years of LUKOIL’s work in Uzbekistan there hasn’t been a single incident with ecological consequences,” he pointed out.

In the end LUKOIL was commended with two awards at OGU 2017: a certificate “For contributing to the exhibition” and an award for best-designed corporate stand.

Stand of LUKOIL at the exhibition OGU 2017

Iran Oil Show – Investors Welcome

On May 6-9 Iran’s capital, Tehran, hosted the Iran Oil Show, which was attended by representatives of over 1500 companies from 37 countries.

The speaker of Iran’s parliament, Ali Laridzhani, delivered the event’s opening remarks: “We continue to support joint work with foreign investors both in developing reservoirs and realizing petrochemical projects.” In a positive sign for investors, Iranian President Hassan Rouhani was re-elected on May 19, suggesting a continued course toward international cooperation.

LUKOIL’s stand at the event generated interest from both ordinary guests and Iranian officials. The company’s representative in Iran, Alexander Nekhaev, held negotiations there with state-owned NIOC Managing Director Ali Kardor and his deputy in charge of negotiations with foreign investors, Gholam Reza Manouchehri.

OTC Reception Matzke and Andrew A. Pidgirsky

OTC – The Latest in Offshore Tech

The Offshore Technology Conference (OTC) was founded in 1969, and since then has been held annually in Houston. This year’s event was held May 1 – 4th and marked the 49th year of OTC. Conference organizers say that OTC is the place where Oil & Gas industry related professionals meet to make critical decisions, share ideas, and develop business partnerships to meet global energy demands.

On Tuesday, May 2nd, LUKOIL helped to kick off the event by sponsoring the 8th Annual Welcome Reception presented by The U.S. – Russia Chamber of Commerce that honored and welcomed delegations from Russia, Kazakshstan and Azerbaijan to OTC 2017. This event is one of the Chamber’s largest annual events that is attended by oil and gas industry leaders and government officials from around the world. PJSC Board Member, Richard Matzke, was an invited guest and speaker this year, along with Honorable Natig Aliyev, Minister of Energy for the Republic of Azerbaijan, Honorable Alexander Stadnik, Russian Trade Representative, Minister/Counselor and Honorable Ellen Cohen, Mayor Pro Tem for the City of Houston.

OTC Reception Matzke podium

Mr. Matzke observed that “we all come from countries with vastly different political systems, but collectively we produce just slightly less oil than all of the OPEC. And we do it cooperatively with shared values and professional respect.” He went on to say that “strong multinational business relationships in industries of global consequence are the greatest contributors to amicable relations among countries.”

This year I had another opportunity to attend the OTC conference along with professionals from more than 100 countries. Despite the fact that the offshore industry is experiencing another downturn in its history, the conference attracted a similar number of attendees that I have seen the previous two years. Conference reports say that “more than 64,700 attendees gathered at the annual conference. 78 percent of attendees were domestic and 22 percent were international.

OTC Reception Banner

The sessions focused on subjects such as how deepwater projects can compete with shale developments, automation’s role in increasing on-site safety, and new ways to utilize AUV technology. Speakers, included representatives from key U.S. agencies, international energy ministries and company executives, addressed a wide variety of pressing issues, including Brazil’s reformed energy regulation system and progress on the Moho Nord deepwater field.” There was a good presence from major oil companies, well known oilfield service providers and small firms, which deliver niche products for the energy sector.

Attendees build valuable relationships for further cooperation and promotion of products and services. Others find innovative technology required to make operations more efficient and safer. For some individuals, seeking to jumpstart or restart their careers, OTC offers an excellent opportunity to find a new employer.

For a company like LUKOIL, eager to stay on the cutting edge of the industry ,OTC offers a showcase of new technologies. For example LIUW operations team has implemented a number of new technologies that were first presented at OTC: “Stinger” PDC bit in the West Africa project, new formation evaluation tools and zero discharge technology in Romania.

This year a rig contractor demonstrated one of the newest derrick designs for the deep-water drill ships. Unlike a conventional derrick the Multi-Purpose Tower offers two well centers, enabling concurrent operations to minimize flat time. The crown section of the Multi-Purpose Tower can be removed with the ship’s own pedestal crane and does not require major disassembly in a shipyard. This feature alone can reduce rig mobilization time through the Bosporus Bridges to the Black Sea from several months to a week. This rig with this type of derrick might be a good candidate for Romania drilling campaign being considered for 2018.

Organizers are already inviting participants to Houston, the World’s Energy Capital, to celebrate 50 years of OTC from 30 April – 3 May 2018.

Nikolay Kulyushin, Lenar Akbarov, Olga Mikhaylova contributed to this article.

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