AOGC 2017 kicks off in Kuala Lumpur, as oil and gas industry embraces new reality

5/8/2017

KUALA LUMPUR -- The 19th edition of the Asia Oil & Gas Conference (AOGC 2017) started today in Kuala Lumpur, where more than 1,300 delegates have converged at the Kuala Lumpur Convention Centre to discuss issues and gain invaluable insights on the new reality of the oil and gas industry.

The two-day conference, themed “New Reality – Driving a New Approach,” is hosted yet again by PETRONAS, Malaysia’s national oil and gas corporation.

Over the next two days the delegates, representing 37 countries, will hear from global energy industry leaders and experts on themes such as competition from other energy sources, disruptive societal and technological changes and the need to innovate faster and collaborate better.

In the exhibition alongside the conference, international and local exhibitors are showcasing the latest technologies, products and services.

In a keynote address at the AOGC 2017 official opening ceremony, Malaysia’s Prime Minister Dato’ Sri Mohd Najib bin Tun Abdul Razak said: “The oil and gas industry continues to be at the leading edge of adopting new technologies to raise efficiency and productivity. With the rise of the Internet of Things, and the increasing use of data analytics and automation, the industry will be able to deliver more energy resources at better prices.

“I hope that this edition of the AOGC will help bring fresh perspectives and insights to all the participants, and that they will lead to new approaches to pushing innovation to its utmost limit, to producing abundant, cheaper and cleaner sources of energy.”

In his welcoming address, President and Group CEO of PETRONAS Datuk Wan Zulkiflee Wan Ariffin said: “The new realities facing our industry have settled in, with the $100 oil price seeming like a distant memory. The past two years have been characterised by changes that prompted us to make hard calls, shed old habits, and explore new ways to increase efficiency and stay resilient. We’ve learned that by consolidating our strengths, we are in a better position to succeed.”

In conjunction with AOGC 2017, Dato’ Sri Mohd Najib also launched the PETRONAS’ FLNG Satu, the world’s first floating liquefied natural gas (LNG) facility.

Designed for water depths between 70 and 200 m, the PFLNG Satu has a processing capacity of 1.2 mtpa, and accommodates 145 crew on board. 

The PFLNG Satu is PETRONAS proven technology, adapting a conventionally land-based installation to a floating LNG facility, a game-changer in today's LNG business landscape. It is a testament to PETRONAS' innovative solutions to monetize stranded gas molecules to meet the demands of global energy.

In AOGC 2017’s morning sessions, delegates heard from Khalid Al-Falih, Saudi Arabia’s Minister of Energy, Industry & Mineral Resources in a Special Address. This was followed by a strategic dialogue involving the CEOs of PETRONAS, ConocoPhillips, Indian Oil Corporation Ltd, Sapura Energy Berhad and Mubadala Petroleum.

The future talent pool of the oil and gas industry was included for the first time in AOGC 2017, with the incorporation of a special programme involving 60 students from local secondary schools. The program is aimed at promoting STEM (Science, Technology, Engineering and Math) education and encouraging students to pursue careers in STEM-related industries, and will also equip students with both hard and soft skills which will come in handy in their future careers.

AOGC 2017 is hosted by PETRONAS and sponsored by Sapura Energy Berhad, Saudi Aramco, Shell, Mitsubishi Corporation, Mubadala Petroleum, Murphy Oil, TechnipFMC and Weststar Aviation Services, among others.

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