MANAMA, Bahrain, March 6, 2017 /PRNewswire/ --
Shell is participating in the 20th Middle East Oil & Gas Show and Conference (MEOS) 2017 in Bahrain from 6-9 March, alongside other international oil companies. Samia Nehme, Shell Vice President of Deal Delivery, was among the speakers at the event and took part in a panel session entitled: The Importance of Technology in the Current Environment.
According to Shell, a key part of the solution to many of today's energy challenges lies in innovation. "Innovation holds the key to unlocking the energy the world needs in a safe and responsible manner - and the Middle East and North Africa (MENA) region is no stranger to innovation" said Ms. Nehme.
With oil and gas resources becoming increasingly difficult to find, unlock and produce, factors including remote environments and complex geologies are pushing industry boundaries and according to Ms. Nehme, "this is where innovation plays a vital role."
"Increasingly, new gas resources tend to be relatively sour, while we face at the same time on the global playing field both tighter sales specifications and stricter environmental emission standards" added Ms. Nehme.
Sour gas is so called because it contains hydrogen sulfide (H2S) which is both corrosive and poisonous. Developing sour gas reservoirs requires special materials and chemical processes to clean the H2S out of the hydrocarbon gas before this can be piped to market. The operating procedures for developing sour gas fields must be rigorous and well designed to ensure the safety of personnel.
Shell has over 50 years' experience in gas treatment, and the company's licensed technology is used in more than 1,200 plants worldwide. Shell recently developed a novel response to sour gas: a simplified integrated gas processing design.
Ms. Nehme stated, "This new gas processing concept needs less equipment, and is easier to operate, than traditional line-ups. It is also very flexible, and can deal with a wide range of gas volumes and compositions and it delivers ultra-low sulfur oxide (SOx) emissions, well below World Bank Standards. The simplified plant is therefore a sustainable technology solution, both environmentally and economically."
On renewable energy solutions, Samia highlighted that "For the longer term, Shell's new energies business is actively exploring opportunities where the commercial value is clear. We have invested in the past, and we intend to continue to invest in new opportunities at scale in the future."
In Oman, Shell is involved via Petroleum Development Oman (PDO) in the GlassPoint project. Over the last 15 years, Shell has used enhanced oil recovery techniques involving the injection of gas to boost recovery rates of crude oil in Oman. In a new approach using renewable energy, the GlassPoint solar project has been designed to use solar energy to produce steam which is injected into reservoirs at the Amal oil field, making viscose oil easier to extract. When fully operational, much of the gas currently being injected into the field will be freed up for other uses.
Annually, Shell invests more than $1 billion on R&D. Since 2007, the company has spent more on research and development than any other international oil and gas company.
This year, at MEOS 2017, the Shell stand will consist of five main attractions including two interactive virtual reality stations which showcase Shell's experience in subsurface and wells software as well as a tour of the GlassPoint project in Oman. There will also be a virtual interactive golf range simulated along the entire length of Shell's Prelude Floating Liquefied Natural Gas (FLNG) project. In addition, the stand will feature an Integrated Gas Value Chain application through a custom-designed display. Visitors will also get to see the 'made in Saudi Arabia' Shell Eco-marathon car which was built by a student team from King Saud University who participated in the competition in 2015.
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this announcement "Shell", "Shell group" and "Royal Dutch Shell" are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. "Subsidiaries", "Shell subsidiaries" and "Shell companies" as used in this announcement refer to companies over which Royal Dutch Shell plc either directly or indirectly has control. Companies over which Shell has joint control are generally referred to "joint ventures" and companies over which Shell has significant influence but neither control nor joint control are referred to as "associates". In this announcement, joint ventures and associates may also be referred to as "equity-accounted investments". The term "Shell interest" is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.
This announcement contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as "anticipate", "believe", "could", "estimate", "expect", "goals", "intend", "may", "objectives", "outlook", "plan", "probably", "project", "risks", "schedule", "seek", "should", "target", "will" and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell's 20-F for the year ended December 31, 2015 (available at http://www.shell.com/investor and http://www.sec.gov). These risk factors also expressly qualify all forward looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, 6 March 2017. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement.
We may have used certain terms, such as resources, in this announcement that United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website http://www.sec.gov. You can also obtain these forms from the SEC by calling 1-800-SEC-0330.
For media enquiries contact:
Mr. Nureddin Wefati
Head of Media Relations for Middle East & North Africa
Shell EP International
Mr. Hassan Almarashi
Spokesperson Middle East & North Africa
Shell EP International Ltd