The 18th edition of the annual Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) has posted record-breaking growth amidst a challenging economic environment for the oil and gas industry.
Early numbers show that ADIPEC welcomed more than 86,000 visitors this year, compared to 76,240 in 2014, an increase of nearly 13 per cent. The 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.
Early indications from onsite participant surveys show there was US$7 billion of business generated during the first three days of the four-day event, with final figures to be announced in the coming days.
H.E. Suhail Al Mazrouei, UAE Minister of Energy, 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.
Christopher Hudson, president – global energy at dmg events said: “ADIPEC’s continuous expansion demonstrates the event’s commitment to meeting the needs and requirements of the industry, and its strategic alignment with local, regional, and global plans for the energy sector. We will not rest on our laurels at ADIPEC; we will always strive to improve by providing rich content that addresses every aspect of the industry and stimulates its growth and development.”
The ADIPEC 2015 VIP Programme, designed for members of the prestigious Middle East Petroleum Club (MEPC), witnessed overwhelming success with unprecedented levels of attendance across all six sessions, including presentations from world leading authority on energy Dr. Daniel Yergin, the world’s greatest living explorer Sir Ranulph Fiennes, and global thought-leader on business Jon Duschinsky. The purpose-built MEPC theatre welcomed C-Suite executives representing senior-level professionals from the world’s leading oil and gas importing and exporting nations.
The Young ADIPEC programme has also grown and hosted approximately 320 students from Abu Dhabi and the Western Region this year, a 33 per cent increase over last year, with a series of activities designed to encourage young people to choose a career in the oil and gas industry.