An estimated US$8.5 billion worth of business was generated during the 17th edition of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in November, breaking all its previous records.
According to preliminary figures revealed by the organisers of the region’s largest energy event, the deals marked a 70 per cent growth in generated business compared to last year’s $5 billion. ADIPEC 2014 has also broken its previous records in international attendance and participation.
ADIPEC 2014 was hosted by the Abu Dhabi National Oil Company (ADNOC), organised by dmg events, and supported by the UAE Ministry of Energy and the Abu Dhabi Chamber.
This year’s edition of ADIPEC hosted 16 National Oil Companies and 17 International Oil Companies, with 20 international pavilions including major market players US, China, and Canada, and emerging markets Indonesia and India, marking the largest global participation in ADIPEC’s history.
Christopher Hudson, senior vice president, Energy at dmg events, said: “The success of ADIPEC 2014 and the participation of all key stakeholders have cemented the event as a global knowledge-sharing hub in the region. Valuable insights were shared and important decisions were made during this year’s edition that will undoubtedly lead to positive changes in the energy sector.”
“Establishing this global meeting point in the region, which is one of the most important sources of oil production, further amplifies ADIPEC’s influential role in the oil and gas industry. As the third largest energy event globally, and the largest in the Middle East and North Africa, ADIPEC will continue to grow, and meeting the world’s energy demands through best practice will always be its primary objective.
An estimated 70,000 visitors - an increase of more than one-third compared to 2013 - attended this year’s event which also marked its 30th anniversary since inception.
ADIPEC 2014 also welcomed 1,868 exhibitors, 6,323 delegates, and in excess of 600 speakers, bringing the world’s decision makers, industry leaders, and experts under one roof to address the most critical issues surrounding the ever-growing global energy demand.
HE Abdulla Nasser Al Suwaidi, director general of ADNOC, said: “It is through such initiatives that we are able to bring the best and brightest minds to share the most sophisticated technologies, latest research, and expertise. This dissemination of knowledge plays a pivotal role in the development and progress of the energy sector. ADNOC is determined to continue supporting this success, and we look forward to more success at ADIPEC 2015.”
Ali Khalifa Al Shamsi, ADIPEC 2014 chairman, and Strategy & Coordination director at ADNOC, said: “This remarkable achievement reflects the tireless efforts of all stakeholders involved. We would like to thank every individual and entity that has played an important role in the success of ADIPEC 2014, from the organisers and supporters, to the participants and all those who attended. This extraordinary accomplishment would not have been possible without their support and contribution.”