Oil and gas show to unveil new drilling technologies

Cost-effective drilling technologies that do not disturb the surface environment and the increased share of gas in the world energy demand will be part of the deliberations at the Oil & Gas Show (OGS 2003) to be held from October 12-15, 2003, at the Airport Expo Dubai. The show will host delegations from countries including Germany, Italy, Russia, China, Iran, Malaysia, Indonesia and Turkey. The show will bring together some of the world's leading players in specialised equipment in exploration, drilling, mapping, maintenance, safety and rescue, fighting and corrosion protection.
Besides the technologies, the show is also expected to reveal short-term and long-term trends in the demand scenarios of various energy sources. According to a recent World Energy Outlook report issued by the International Energy Agency (IEA), while fossil fuels such as oil and coal will continue to dominate the global energy mix until 2030, the demand for natural gas will rise more strongly than for any other fossil fuel.

While the Middle East has always been known for its vast oil resources, the region is also home to 25.5 % of the world's natural gas resources. Anselm Godinho, general manager, International Conferences & Exhibitions (IC&E), the organisers of the show, said: "Given the present economic and geopolitical climate, authorities in the Middle East need to look at gas as a complementary energy source. Gas production is also increasing as more Arab countries are switching from oil to gas as a source of energy.”
"Others have pursued plans to expand existing gas projects and build new ventures for export purposes. In the Arab world, the performance of the gas sector soared by around 10 % to 40.7 tcm at end-2001."

Analysts estimate that a typical land-based oil or gas well costs around $ 400,000 to drill, while costs for an offshore well average at nearly $ 4.5 mm. But in some deeper or more difficult drilling terrains, costs would be much higher. Reducing the time a drill rig remains on site can lower costs and make previously uneconomic gas or oil deposits commercially attractive.
"At OGS 2003 we expect these issues to take centre stage as oil and gas producers network with suppliers during the event," Godinho added.

Empire Diamond Tools who will be exhibiting at OGS 2003 have designed optimum diamond bits for faster drilling in soft, medium, hard and abrasive formations. DRIL-QUIP, one of the world's leading manufacturers of highly engineered offshore drilling and production equipment which is well suited for use in deepwater, harsh environments and severe service applications will also be part of OGS.
The company designs and manufactures sub sea, surface and offshore rig equipment for use by oil and gas companies in offshore areas throughout the world.

Another exhibitor, Super Technical Enterprises, has recently launched a facility in partnership with Parker Aerospace to overhaul gas turbine nozzles, MOOG servo valves and provide ultra-sonic cleaning.
The company will be exhibiting thelatest technology from Parker Instrumentation, which specialises in products that can contain ultra pure, toxic or dangerous fluids and gases. Parker Instrumentation is a major worldwide supplier to the offshore and petrochemical industries.