Oil and Gas Sector Needs to Intensify Drilling

The oil and gas industry will need to drill roughly 670,000 wells through 2020 to meet the forecast global demand, SPE (society of petroleum engineers) 2014 president jeff spath said during the opening ceremony of a Middle East conference talking place this week  in Doha, Qatar.

Speaking Monday at the Middle East Health, Safety,Environment, & Sustainable Development Conference & Exhibition, Spath cited the number of wells from a Douglas. westwood report, adding that the one of the most important components to resolving challenging upstream environments in technology. " Whether in unconventional plays or in deep water offshore, drilling is becoming increasingly challenging - requiring higher standards of performances, quality and efficiency and safety, " Spath said, " having the right technology gives us  better access to these environment and allows us to produce more safty with lower environmental impact." 

Spath also said that oil and gas industry has historically been slow to adopt new technology, typically taking 10-15 years to implement after inception."this trend will have to improve if are to keep up with the energy demand," he said.

Also speaking during the open ceremony, Qatar Energy and Industry Minister Mohammed Saleh Abdulla Al sada called on oil and gas community to help promote and develop a deep-rooted safety culture and safety environment. " the oil and gas community has to meet the health , safety , and environmental demands of today while creating sustainable commitment for tomorrow," Al said.

The ministry stressed the importance of health, safety and environmental principles within qatar  petroleum and its subsidiaries, and highlighted various success stories of the company's projects and safty was a basic component.