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Adipec bucks oil industry slump with record attendees.

Early indications from onsite participant surveys show there was $9 billion of business generated during the four-day event and the number of visitors exceeded 90,000. The event had generated business worth $8.5 billion last year

The 18th edition of the annual Abu Dhabi International Petroleum Exhibition and Conference (Adipec) bucked the ongoing oil industry slump with record attendees showing up at the event.

More importantly, the event, saw more than $9 billion worth of deals being signed, according to Christopher Hudson, president Global Energy at dmg events, who spoke at the closing plenary.

The figure, he said, is an initial estimate based on a survey of the delegates in Abu Dhabi, where the number of visitors exceeded 90,000.

"Based on our early survey results and compared with last year, the total amount of deals signed at this year's event will be more than $9 billion, and in our experience that doesn't reflect the biggest deals," he said.

Early indications from onsite participant surveys show there was $7 billion of business generated during the first three days of the four-day event, with final figures yet to be announced, dmg events, the organisers of the event said in a release.

Last year, the event generated a high of $8.5 billion worth of on-site business.

Early numbers show that Adipec welcomed more than 86,000 visitors this year, compared to 76,240 in 2014, an increase of nearly13 per cent.

The world's landmark oil and gas event also posted record participation from exhibiting companies, with 2,050 exhibitors from across globe, a considerable rise from last year's 1,800. Adipec also experienced growing global recognition, with a 70 per cent increase over last year in the number of international visitors. The event hosted 23 international pavilions, including companies from major industry players and emerging markets.

Hudson

UAE Minister of Energy Suhail bin Mohammed Faraj Al Mazroui, said: "The response we have garnered at Adipec is a sign of optimism in the oil and gas industry and testimony to the energy sector's resilience. Yes, we are facing challenges, but the energy sector will always find its way around them through cost optimisation, innovation, developments in technology, and industry collaboration, all of which Adipec enables. The event's ongoing success is part of the leadership's vision to make Abu Dhabi the global capital of the energy sector."

Forming the cornerstone of the event, the Adipec conference programme invited local, regional, and international Ministers to the stage, with representation from UAE, Egypt, Oman, the Gabonese Republic, Indonesia, Uganda, as well as the Opec Secretary General. Ministers from Japan and Sri Lanka were also in attendance, along with more than 7,000 international delegates.

Saif Ahmed Alghfeli, CEO of Al Hosn Gas and co-chairman of Adipec 2015, said: "Adipec offers solutions to today's market challenges by providing a platform for networking, knowledge-exchange, and innovation -- giving industry professionals and decision makers options and alternatives to meeting the demands of the evolving energy landscape. The quality of content at the show, from the Adipec Conference Programme to the new Offshore and Marine Conference, addresses the various needs and requirements of the energy sector, driving international interest and motivating repeat visits."

In line with regional and global efforts to continue exploring and developing offshore production, the newly launched Adipec Offshore, Marine and Heavy Equipment Zone also witnessed great success, making the event the first oil and gas exhibition in the Mena region to dedicate an entire waterfront section to offshore, subsea, and marine products and services.

The dedicated area gave more than 85 exhibitors from across the sector an opportunity to showcase a variety of offshore supplies and services, ranging from ships and rigs to oceanography and mapping equipment.

The acclaimed Adipec Technical Conference Programme received a record 2,270 abstract submissions this year, compared to 1,534 in 2012, marking a nearly 50 per cent increase. The number of participating countries also increased from 50 in 2012 to 65 this year, with more than half of submissions from outside the Middle East.

Complementing the new zone, the inaugural Adipec Offshore and Marine Conference proved to be a welcome addition by professionals, enabling more than 40 industry experts to present and share valuable offshore oil and gas knowledge and information.

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Publication:Oil & Gas News
Geographic Code:7UNIT
Date:Nov 30, 2015
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