New base special 27 april 2014

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NewBase 27 April 2014 Khaled Al Awadi

NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE

UAE firms provide industry-first pigging solution Source .Marsol International

UAE-based global marine solutions provider, Marsol International and chemical engineering specialist Aubin Group has announced a partnership agreement to provide an ‘industry first’ total pigging solution for non-piggable pipelines.

Marsol and Aubin delivered a solution to achieve a world’s first by completing the successful displacement of pipeline preservation fluid in three, 48 inch pipelines using sales oil providing an extremely cost effective, environmentally-friendly solution. This saved a client in excess of $3million.

Following successful field trials, the two firms have joined expertise to provide the Middle East, Far East and African markets with a complete product and engineering solution where conventional pigging is not applicable.

The application is ideal for older fields that were not designed for pigging and/or have suffered damage. The solution is also well suited to pigging or cleaning pipe infrastructure which contains 90 degree bends and/or T-pieces that has varying internal diameters in the same configuration. The solution reduces the need to strip down, clean and reassemble components, and also reduces the potential for environmental

damage. The partnership will enable Marsol and Aubin’s clients to benefit from Marsol’s asset management, marine services and pipeline operational engineering capabilities combined with Aubin’s pipeline pigging tool EVO-Pig and pipeline cleaning ‘Pipeline Gels’.

“Marsol and Aubin have developed a relationship which is based on a technical solution rather than product supply. With Marsol’s onsite engineering and technical ability, and Aubin’s innovative product

development in the area of Pipeline Gels and Pigging, we are in a very strong position to offer our clients a cost and time saving solution.

We are looking forward to expanding the offering to new and existing clients who have previously been unable to find an effective Pigging solution in the market,” Mike Young, Managing Director, Marsol International.




Iraq crude exports average 2.5mn bpd in April amid pipeline sabotage

Reuters/Baghdad

Iraq has exported an average of 2.5mn bpd of oil so far in April, more than in March, but still well short of its 2014 target, due in part to repeated sabotage of a northern pipeline.

Deputy Prime Minister for Energy Hussain al-Shahristani said yesterday exports could have reached 3.2mn bpd without the damage, and if Iraq's autonomous Kurdish region had pumped its share of oil.

Iraq set an export target of 3.4mn bpd for 2014, including 400,000 bpd from Kurdistan, which has not exported any oil via state infrastructure for more than one year, due to a row with Baghdad over resource rights and revenue sharing. Exports hit a record high of 2.8mn bpd in February, but fell back to 2.39mn bpd in March after insurgents blew up a northern pipeline running from the Kirkuk oilfields to a port in Turkey.

"The halting of Kirkuk exports is an obstacle that prevents us from increasing our exports," al-Shahristani said at an energy conference in Baghdad. "It should be a priority for our security forces to secure the pipelines". Al-Shahristani said the damaged pipeline, which runs to Ceyhan in Turkey, could be fixed in a matter of days, but there was no point in doing so unless security forces could protect it from further attacks.

The Iraqi army has been bogged down in fighting in the western province of Anbar since early this year, when insurgent groups including the Islamic State in Iraq and the Levant (ISIL) overran two cities. "I realise that our forces are facing attacks in the western part of the country and along the borders with Syria ... but it's also urgent to boost production and exports to provide required revenues to build the country and purchase arms for the security forces," al-Shahristani said.

He said oil exports averaged 2.4mn bpd in the first quarter of 2014, with the bulk produced in the country's relatively peaceful south and shipped abroad from there. Asked about negotiations with the Kurds over oil, al-Shahristani said they were as yet inconclusive, reiterating Baghdad's position that all the crude in Iraq should be marketed centrally.

A view of West Qurna oilfield in Basra, southeast of Baghdad. Iraq has set an export

target of 3.4mn bpd for 2014, including 400,000 bpd from Kurdistan




'JPMorgan advising Oman oil on credit rating plans'

Bloomberg/Dubai

Oman Oil also asking banks to pitch for advisory roles in the planned public offering of some of its units

Oman Oil Co, the sultanate’s state-owned energy producer, hired JPMorgan Chase & Co to advise on plans to seek a credit rating, according to two people familiar with the matter.

A rating from an agency such as Standard & Poor’s or Moody’s Investors Service would allow the oil producer to potentially sell bonds and tap a larger group of investors, one of the people said, asking not to be identified as the information isn’t public.

Oman Oil is building a $6bn refinery and chemical complex together with Abu Dhabi government-owned fund International Petroleum Investment Co at Duqm in the sultanate. The oil producer agreed to buy Oxea from Advent International in 2013 to expand beyond refining.

The energy company is also asking banks to pitch for advisory roles in the planned public offering of some units, according to three other people with knowledge of the matter. Several local and international banks have submitted proposals, the people said, without naming the lenders.

The energy producer may offer shares in one business this year and others in 2015, Ahmed Saleh al-Marhoon, director-general of bourse operator Muscat Securities Market, said in a February 17 interview, without giving more details. No one was immediately available for comment at Oman Oil in Muscat, while a JPMorgan spokeswoman declined to comment.

Countries in the Gulf Co-operation Council are selling shares in state-owned companies to spur stock-market trading and citizens’ participation in the local economy. Qatar Petroleum raised 3.2bn riyals ($880mn) by selling a 26% stake in Mesaieed Petrochemical Holding to Qatar nationals earlier this year.

Oman Oil holds majority stakes in Oman Gas Co, Oiltanking Odfjell Terminals & Co, the Musandam power plant and Abraj Energy Services, among other businesses.

Oman Oil was part of a group formed late last year along with Mubadala Development Co and Qatar Petroleum to buy as much as a 40% stake in Occidental Petroleum Corp’s Middle East operations for as much as $8bn.




Genel Energy sees production climb 35% for Q1 2014 by Arabian Oil & Gas Staff

Genel Energy's net working interest production for Q1 2014, climbed by 35% to 50,000 bopd from the same period last year.

The Independent oil and gas E&P company, led by former BP-CEO Tony Hayward, expects production and revenues to increase over the course of 2014 as the Kurdistan Region of Iraq oil pipeline comes into operation. The company's production and revenue guidance remains unchaged at 60,000 - 70,000 boepd with revenue of $500 - 600 million.

The KRI pipeline commissioning process is 'substantially complete', according to the company's inteim management statement released April 22, 2014.

At the Taq Taq field, the construction of the second central processing facility is progressing and is on track for completion around year end. The drilling of the first deviated and horizontal wells on the field will follow completion of the Taq Taq Deep exploration well.

During the quarter, two additional horizontal development wells were completed at the Tawke field and brought onstream at a combined rate of 37,000 bopd. The operator, DNO International, has outlined plans to increase field processing capacity from 100,000 bopd to 200,000 bopd by the end of 2014 through the installation of early production facilities.

In April, the company announced that, together with White Rose Energy Ventures, it had agreed to acquire 15% working interests in Block 38 and 39 offshore Angola. The transactions provide Genel with a position in exploration licences that hold multi-billion barrel prospectivity and represent an attractive high-impact near-term exploration opportunity. The Stena Carron drillship has been contracted for a drilling programme, which is expected to commence in mid-2014. The first well of this programme, on Block 39, is expected to target the very material Dilolo prospect.




Genel aims to raise $400M for field development Offshore Energy Today Staff,

Genel Energy plc intends to issue $400 million in aggregate principal amount of senior

unsecured bonds maturing in 2019.

The oil explorer, run by former BP CEO Tony Hayward, said it would employ net proceeds from the

Bonds towards a combination of field development costs as well as general corporate purposes.

The interest rate, issue price and other terms will be determined at the time of pricing of the issue. DNB

Markets and Pareto Securities have been appointed joint lead managers and bookrunners for the

contemplated transaction.

Headquartered in London, Genel is the largest independent oil producer in the Kurdistan Region of Iraq, and

is, through acquisitions, building a high-impact exploration portfolio within the Middle East and Africa.

Earlier this month, Genel together with White Rose Energy Ventures (“WREV”), agreed to acquire 15%

working interests in Blocks 38 and 39 offshore Angola. Blocks 38 and 39 are situated in the Kwanza Basin

and cover an area of c.14,000km2 in water depths of 1,500-2,500m.




Egypt needs $5 billion gas investment by Christopher Kelly Arabian oil&gas

Egypt’s crumbling gas infrastructure requires $5 billion of investment to bring it up to standard, according to news agency Reuters.

Energy is a politically explosive issue in Egypt, where power cuts have become commonplace even in the capital Cairo. Blackouts deepened discontent with Islamist President Mohamed Mursi before his ouster last July. While gas shortages have been blamed for the crisis, senior electricity ministry official Sabah Mohamed Mashaly said modernizing the grid should be a priority.

"We don't have any (capacity) reserves, we just cover the load demand," Mashaly said in an interview. She said additional power capacity was needed to fill sudden production falls caused by accidents and maintenance work at Egypt's 51, mainly gas-fired, power stations, of which about a quarter are more than 20 years old.

Mashaly said renovating these and building new ones would carry a price tag for cash-strapped Egypt of "no less than $4 or $5 billion" plus several billion more to boost the generation capacity of the system. Energy officials say a lack of reforms to the wasteful fuel subsidy system is keeping away private investors who could finance modernization and boost gas output.

No one wants to build capacity to generate electricity that will be sold at less than it costs to produce. And the artificially low prices provide little incentive for Egyptians to curb consumption. Egyptians pay the equivalent of between 1 to 7 U.S. cents per kilowatt hour for electricity in their homes. By contrast, U.S. householders pay between 8 and 37 U.S. cents, according to U.S. Energy Information Administration data.

Mashaly says private investment is needed for renovation of the grid. But she cautioned that this will not happen until the government eases the fuel subsidies, which drain more than 20 percent of the state budget. "Once the subsidies are removed, companies will come right away," said Mashaly.




Gasoline prices surge up to 75pc in Iran -Reuters

Gasoline prices in Iran leapt by up to 75 percent at midnight on Thursday, as state

subsidies were cut, a risky move that President Hassan Rouhani hopes will improve an

economy battered by Western sanctions.

The price hikes will test Rouhani's support among a population fed up with the high inflation that he has pledged to reduce as he pursues talks with world powers aimed at ending sanctions imposed over Iran's nuclear programme.

Iranians rushed to the pumps to fill their cars before the price surge, but there were no immediate reports of unrest, unlike in 2007 when there were riots at some gas stations when cheap fuel was rationed for the first time.

"We have been preparing for two months to implement these plans in provinces, cities and rural areas," state news agency Irna quoted Interior Minister Abdolreza Rahmani Fazli as saying. "But it is expected that (it) will take place without any problems or displeasure from people." Subsidised gasoline, available to each motorist in limited amounts, rose from 4,000 rials ($0.16, using the central bank's official exchange rate) a litre to 7,000 rials ($0.28) The price for gasoline sold outside that ration rose from 7,000 rials to 10,000 rials. Diesel and compressed natural gas prices also rose.

That still makes automotive fuel in Iran among the cheapest in the world, but the price hikes will be unwelcome in a country where a quarter of the adult population is jobless or under-employed. Rouhani's predecessor, Mahmoud Ahmadinejad, launched the subsidy cutting programme in December 2010 when prices of staple foods and utilities bills, as well as gasoline, soared overnight. The move, coupled with the impact of tightened sanctions by Europe and the United States, pushed inflation from 8.8 percent in August 2010 to around 40 percent by the end of Ahmadinejad's term in 2013. Rouhani, who secured a surprise election win last June, has said the money saved by cutting state subsidies will be used to generate jobs for masses of unemployed youth.

If he can convince Iranians he can improve the economy, they may forgive him the price rises which will, in the immediate term, counter his efforts to reduce inflation, which is currently at 35 percent. "Of course I don't want prices to go up, but the reality is that the prices have to become real," said a 30-year-old communication specialist in Tehran. "But I expect more services from the government in return, such as health and transportation."




GMS to equip its two jack-up barges with NES technology Press Release, April 25, 2014

Norwegian Electric System has announced that the company has signed new contracts

with Gulf Marine Services, Abu Dhabi, for the two new GMS S-Class self-propelled jack-

up barges.

The scope of supply includes the full diesel electric package including:

- NES`Quadro Drive® technology. Possibly the most reliable VFD in the market place.

- Switchboards and transformers. Including the very clever Ring Net solution, which enables DP2

operations to be performed using much smaller generators and thrusters when compared to conventional

solutions. The whole system is guarded by NES`own B.O.S.S.®, which is a product proven to prevent

electrical black outs.

- IAS. A fully integrated automation package including PMS.

- Diesel Generator sets.

GMS is the world’s largest operator of self-propelled jack-up barges and is continuing to expand its fleet

with state-of-the-art-vessels. These vessels are expected to work in harsh weather environments globally and

supply reliable services to the offshore oil, gas an renewable energy sectors.

“Obviously, we are delighted to continue our business with the very successful GMS. Reliability is key for

GMS when operating these kinds of vessels and NES takes very seriously that responsibility. The vessels

often operate within restrictive weather windows and must be ready to work or move at all times. As GMS

expands its fleet, NES will be delivering great systems, on time and on budget. I can also add, with these

new contracts NES has grown to be a major supplier of electrical propulsion systems to the self-propelled

jack-up barge market. This will be five barges in four years,” says Paul Winson, NES vice president sales.




Songa Offshore sells Songa Mercur and Songa Venus drilling units Source: Songa Offshore

Songa Offshore SE has entered into an agreement with Opus Offshore Group for the sale of the Songa

Mercur and Songa Venus and establishment of a strategic joint venture drilling management company - the

'Songa-Opus JV'.

Opus Offshore will acquire 100% of

the Rigs, which will be operated by

the Songa-Opus JV. Combining the

resources of Songa Offshore and

Opus Offshore in Asia, the Songa-

Opus JV will provide a full suite of

services in relation to international

drilling operations. The current

international operations of Songa

Offshore, primarily related to the Rigs

in S.E. Asia, will be transferred to the

Songa-Opus JV. In addition to the

Songa Mercur and Songa Venus, the

Songa-Opus JV will operate additional

assets including Opus Offshore's

Tiger series of drillships currently

under construction or on order with

scheduled delivery between 2014 and

2017.

The purchase price for the Songa Mercur and the Songa Venus is USD 200 million, effective as of 1 January

2014. Combined estimated cash flows of USD 41.6 million accumulated by the Rigs between 1 January

2014 and 31 May 2014, is to be reimbursed to Opus Offshore through the settlement mechanism. Total

proceeds for Songa Offshore from the Transaction will amount to up to USD 168.4 million, including:

• USD 102.5 million in cash settlement at Transaction closing, which is expected to take place 31 May 2014.

• USD 10 million consideration for Songa Offshore's upfront cash contribution of operational resources into

the JV paid at closing.

• Earn out mechanism of up to USD 21.7 million, to be paid proportionally to the Songa Offshore based on

Songa Mercur employment between 1 January 2014 and commencement of SPS in 2015 and to be paid in

2015.

• Deferred consideration of USD 34.2 million payable to Songa Offshore on (or before) 31 December 2017 and

structured as seller's credit secured with a 2nd priority mortgage over Songa Venus and a Parent Company

Guarantee from the Opus Offshore Group.

In addition, an EBITDA upside sharing mechanism in relation to the Songa Mercur where Opus Offshore

pay Songa Offshore 20% of the cumulative EBITDA exceeding USD 105 million for the Songa Mercur

between 1 January 2014 and 31 May 2017 to be paid in 2017.




Furthermore, Opus Offshore will enter into a bareboat charter for the Songa Venus with Songa Offshore

between transaction closing and commencement of SPS end of first quarter 2015, at a fixed daily rate of

USD 120,000.

In addition to the upfront consideration, Opus Offshore will have an option to acquire Songa Offshores's

50% stake in the JV for USD 20 million starting 30 months post inception of the Songa-Opus JV. This

option will be valid for a 12 month period.

The expected total transaction value to Songa Offshore is estimated to be between USD 180 million and

USD 235 million, depending on the earn-out and whether Opus Offshore will call the option for the JV.

As a result of the transaction, Songa Offshore will make a mandatory loan pre-payments of approximately

USD 24 million on its 'Fleet Loan Facility'.

Songa Offshore SE CEO Bjørnar Iversen said:

'I am very pleased to announce that we have sold our two South East Asia drilling Units, Songa Mercur and

Songa Venus, and established a JV with Opus Offshore Group based on our South East Asia organization.

The expected total transaction value to Songa Offshore is estimated to be between USD 180 million and

USD 235 million, depending on the earn out and whether Opus Offshore Group will call the option for the

JV . This is an important strategic milestone for Songa Offshore to become a focused harsh environment

Midwater Drilling Contractor'.

About Opus Offshore

Opus Offshore was formed in early 2011 as a result of the management’s desire to build modern mid/deep water drill ships to service the substantial market in those water depths. A strategic alliance was formed with Shanghai Shipyard to jointly develop the design, finalize costings and agree construction schedules. In September of 2011, contracts were signed for the construction of two vessels along with options for two more. Those options have been exercised. The company is headquartered in Singapore and has a large project office within the Shanghai Shipyard complex. Both offices employ a multinational staff, all with many years of experience in the offshore drilling construction and operations business.




Mauritania: Tullow Oil's Tapendar-1 exploration well offshore Mauritania disappoints ….. Source Tullow Oil

Tullow Oil has announced that the Tapendar-1 exploration well in the C-10 licence, offshore Mauritania,

has not encountered hydrocarbons and the well is being plugged and abandoned.

Tapendar-1 is the second

exploration well in Tullow’s

Mauritania exploration campaign,

following the Frégate-1 well in

February 2014. The objective of

Tapendar-1 was to test two targets

of Miocene and Upper Cretaceous

age. At the Miocene interval a

major undrilled turbidite fairway

was penetrated and encountered

excellent quality, well developed,

reservoir sands. However, these

sands were water bearing at this

location. The deeper Upper

Cretaceous target tested a salt

flank play, which at this location,

did not encounter any sands. The

well reached total depth of 3,752

metres and is currently being

plugged and abandoned after

which the Stena DrillMax drill

ship will leave Mauritania.

Tullow has a significant

exploration position offshore

Mauritania. A variety of

exploration prospects and plays, independent of the Tapendar and Frégate results, remain highly

prospective. Data from the Frégate-1 and Tapendar-1 wells will now be analysed and integrated into the

seismic data previously acquired across Tullow’s Mauritania acreage before the next well locations and

timings are confirmed. Seismic acquisition in Blocks C-3 and C-18 will also continue this year.

Tullow operates the C-10 licence with 59.10% equity and is partnered by Premier Oil (6.23%), Kufpec

(11.12%), Petronas (13.5%) and SMHPM (10%).

Angus McCoss, Exploration Director, Tullow Oil plc, commented today:

'The Tapendar-1 frontier exploration well was a bold attempt to open a new oil play in this area of Tullow’s

highly prospective offshore Mauritania acreage which the Group has built up in pursuit of the next Jubilee-

type discovery. At this well location, two targets of Miocene and Upper Cretaceous age failed to encounter

hydrocarbons. Following these opening wells, we and our partners will now pause to analyse the data

gathered from the exploration campaign thus far. We will then decide on the location and timings of the

next wells which will continue to focus on exploring for conventional oil plays.'

Location of Tapendar and Fregate well




Oil firms sweat ageing North Sea assets to stave off shutdowns Reuters - UK Focus

Smaller oil producers are teaming up with engineering and oil services companies in Britain's

North Sea to squeeze extra drops from ageing facilities before rising costs force them to close.

Improving "wrench time" - hours spent at worksites rather than on assessments and form-filling - and bringing in specialist teams to boost recovery rates, will help prevent early decommissioning, industry participants say.

Oil services companies are competing to take on "late life" asset work, providing the expertise that smaller producers lack.

"There's more of a reliance on our engineering and construction project management knowledge to fill the void that may be there," said Alan Johnstone, managing director, brownfield and asset management at oil services company AMEC The prize is substantial, with as much as $335 billion worth of oil and gas output still up for grabs

in Britain's North Sea. By overhauling veteran platforms that are operating beyond their design life, producers can hold off decommissioning for another few years.

"This approach is gaining traction again because over the last few years we have seen assets changing hands," said Walter Thain, senior vice president for Europe at oil services company Petrofac .

EnQuest , Talisman Sinopec , Ithaca Energy and Fairfield Energy are all extending the life of their North Sea assets by bringing on new crude streams with tie-backs to existing platforms, or by adding pumps to wring the last oil from a depleted reservoir.

Talisman Sinopec is in the midst of a major project to extend the life of the six oilfields at the Montrose/Arbroath complex - one of the oldest in the UK.

New fields Shaw and Cayley will come onstream via subsea pipelines, requiring modifications throughout the existing platform and the installation of a new bridge-linked platform.

But major platform refurbishments are only part of the challenge. The industry also has to address a rapid fall in production efficiency, down from 80 percent a decade ago to an average of 60 percent in 2012. And that means making changes to day-to-day operations.

"Some of the assets in the North Sea could be 50-75 percent better in terms of production efficiency - it's about streamlining processes and better planning," said Neil Bruce, president, resources, environment and water at SNC -Lavalin . "It's not unheard of for operators to get five to six hours of productive work in, over a 12-hour day."

The industry has wrestled with this challenge for years, but is under more pressure to address it following the publication of the Wood Review in February. This stressed the need to maximise recovery from the basin, and argued that boosting production efficiency would help achieve this.




RISING COSTS

Part of the problem is that rising costs have encouraged oil majors to focus on more competitive projects elsewhere. The average operating cost in the UK North Sea is now 17 pounds ($28.56) per barrel, up from 13.50 in 2012, trade body Oil & Gas UK said.

Not surprisingly, older facilities producing less oil fall down the priority list or get sold off. Royal Dutch Shell recently put three of its North Sea interests up for sale and more could follow.

"As we go forward we have to look at asset integrity," Simon Henry, Shell 's chief financial officer, said at the annual earnings presentation. "Which assets justify ongoing investment and which would others be more prepared to put the resource and the new investment in to sustain the life?"

Smaller producers are more willing to invest because the production volumes are more material to them, but running an elderly platform or field poses challenges.

"Operating a mature field is a different animal - you need to optimise small incremental changes, and move from reactive maintenance work to preventative maintenance work," said Juan Carlos Gay, a partner at consultants Bain & Company.

This is an area where oil services companies believe they can make a big difference. Outsourcing the day-to-day operation of a mature asset to one firm avoids a situation where engineers are turned into managing engineers as they try to co-ordinate the work of different contractors.




It also means the operator's attention is not split across several assets. "Oilfield services companies like Petrofac have a dedicated delivery team which is just focused on that facility," said Thain.

But how to resolve that problem of wrench time, so that engineers spend more time on the manual tasks? AMEC's Johnstone said it is all about advance planning. After all, platforms are miles offshore and can't be resupplied with materials at short notice - especially in bad weather.

"You need to look at the supply chain and make sure that the person who is doing the job has the right tools and materials," he said. "And if they haven't got something they need, is there any fall-back work they can do? When you're offshore you can't just pop out

to B&Q (a UK home improvements retail chain) for a nut or a bolt."




Japan: Spot LNG Prices Contracted in March at USD 18.3, METI Says LNG World News Staff, April 25, 2014; Image: Tokyo Gas

Japan’s average price of spot LNG that is contracted in March is $18.3 per mmBtu on DES basis, Japan’s Ministry of Economy, Trade and Industry (METI) said on Friday.

This represents the first-ever survey of actual LNG deals by the trade ministry. METI said that the next

monthly survey will be released in late May.

Japan, the world’s biggest buyer of liquefied natural gas, imported 87.73 million tonnes of LNG in the fiscal

year ended in March, up 1 percent compared to the same period a year ago.




Industry leaders to join Middle East Petrotech http://www.mepetrotech.com/

High-level government officials and industry leaders will take part in the Ninth Middle East Refining and

Petrochemicals Conference and Exhibition (Middle East Petrotech 2014) in Bahrain next

month. The event will be held from May 18 to 21 at the Ritz-Carlton Bahrain, Hotel and

Spa and at the Bahrain International Exhibition and Convention Centre, under the

patronage of His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa, a

report in the Gulf Daily News, our sister newspaper said.

Finance Minister and Minister in charge of Oil and Gas Affairs Shaikh Ahmed bin Mohammed Al Khalifa

will officially open the Middle East Petrotech 2014, and give a welcome address to delegates and visit the

exhibition floor.

Saudi Arabia's Economy and Planning Minister Dr Muhammad Al Jasser and Saudi Aramco president and

chief executive Khalid Al Falih will speak at the executive plenary session on May 18 at the hotel.

The executive plenary session is an opportunity for top-level executives to discuss the 2014 conference

theme "Downstream value chain integration opportunities" and provides delegates with an over-arching

perspective of the industry, the report said.

More than 100 peer-reviewed papers, to be presented in 21 technical sessions, will follow during the

subsequent three days of the conference at the Bahrain International Exhibition and Convention Centre,

from May 19 to 21.

The agenda includes a high-level investment forum entitled "Opportunities and incentives for enabling

downstream industrialisation".

The forum will explore investment opportunities and government incentives in the Arabian Gulf via four

panel sessions, led by chief executives of major companies and investment authorities.

The gathering will include high-profile participation from the natural resource rich areas of the Gulf. -




NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE

Your partner in Energy Services

Khaled Malallah Al Awadi, MSc. & BSc. Mechanical Engineering (HON), USA ASME member since 1995 Emarat member since 1990

Energy Services & Consultants Mobile : +97150-4822502

[email protected] [email protected]

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NewBase 27 April 2014 K. Al Awadi

Economy & Finance

New base special 27 april 2014