Saif Al Ghfeli, Chief Executive Officer of Abu Dhabi Company for Onshore Oil Operations (ADCO) speaks to ADIPEC News about the ADIPEC Awards in his first year as its Chairman
ADIPEC Awards is a unique and global platform to showcase important strides made in the development and advancement of the global oil and gas industry and to encourage by giving accolade to those companies and individuals who have successfully exerted much effort in serving the industry. The 2017 version of the awards was a resounding success with 403 entries submitted, highlighting not just the many innovative projects taking place in the oil and gas world today but also the respect and popularity of the ADIPEC Awards themselves.
With a new role for you as ADIPEC Awards Chairman, what changes can we expect for this year’s direction and categories?
We’ve seen the industry shift from a production focus to efficiency focus and the heart of this has been strategy and technology. This is where ADIPEC Awards plays a significant role of recognising the projects and ideas that are innovative and those that propel the industry forward to leaner, stronger and smarter businesses. This year, we have revamped the awards categories by reducing them to five from a previous seven. We have also added new categories to highlight the importance of the top agendas and to reward the success that is taking place in three main areas. The first is related to digital oilfield technology under the Best Digital Transformation Project - this will recognise outstanding implementation of a Digital Oilfield (DOF) project that is innovative, value-enhancing and has a noteworthy return on investment. The next is related to field performance. The award for Driving Performance & Efficiency to Enhance Cost Optimisation will highlight projects that take cost optimisation and overall process efficiency to the next level, while maintaining highest standards in HSE. Lastly, we want to emphasise the betterment of the wider community including the environment and country with the award for Social Contribution and In-Country Value.
How has the uncertainty in the oil price environment affected the ADIPEC Awards categories?
As you can see, there is a greater emphasis on optimisation, whether in cost or in processes, as well as using technology to enhance performance in upstream, mid-stream and even downstream areas - all of these are imperative to minimise impact on companies and the job market from oil price drops and investment fluctuations.
Also, by keeping last year’s category for Technological Innovation and Research - we try to highlight areas of academic research and development that is a necessary support and should see continued interest and activity if our industry is to move along an upward trajectory in terms of performance, best practices and the highest of HSE standards. We have carefully selected, with the help of a Regional Select Jury, the five categories that will target and reward areas we feel are or of major importance to not just sustain the survival of the oil and gas industry but also for its great success.
What response have you had so far for this year’s awards and what impact do you expect to have? Year on year, we see a growing level of interest in ADIPEC Awards supported by a record number of submissions. This is being driven by companies that are striving hard to stand out with their best practices, technological innovation and research. The industry has much higher demands on value given the energy prices and this is pushing the trend upwards for aspirations and recognition. ADIPEC Award adds great value to companies’ and an individual’s profile when seeking projects or even for hiring. We continue to implement stringent criteria for selecting winners and this has boosted the reputation of the awards. It also plays a major role in motivating the industry to reach for higher standards in operations and technology.