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The exhibition was opened on 8 March by Deputy Premier HH Sheikh Ali bin Khalifa Al Khalifa, who noted Bahrain’s progress in the oil sector and the importance of the conference as a platform to present the latest technology in oil exploration, geosciences and related fields.While smaller than the previous edition, the exhibition, which featured 130 exhibitors ranging from Saudi Aramco and other regional NOCs to niche technology providers, nevertheless saw a steady stream of visitors, with many companies commenting on the quality of contacts made. Stand presentations by NOCs and leading companies such as Halliburton and CGG were well attended. Exhibitors spoke of ‘hanging in there’ and experiencing a slowdown in business, but felt the region offered good prospects compared with other regions of the world. Many reported ongoing business with Saudi Aramco and other regional operators, while noting cutbacks in expenditure and increasing competition.
The conference, organised by the American Association of Petroleum Geologists (AAPG), the European Association of Geoscientists & Engineers (EAGE) and the Society of Exploration Geophysicists (SEG) incorporated over 200 papers across 55 technical sessions, and five panel sessions on long-term strategies through unpredictable markets; IT emerging trends; integrated technologies for better performance; unconventional resources; and industry-academia engagement and collaboration. There was also, for the first time, an inspiring session led by female energy professionals on the growing role of women in the energy sector.
GEO 2016 highlights need for innovative solutions to tackle industry challenges
