What are your objectives for ADIPEC this year?
We’ve been exhibiting for three years at ADIPEC. As a result of our participation last year, we secured a project in Saudi Arabia. We will showcase our training capabilities this year with a 3D printed pump motor and Oculus VR glasses that will provide training demo at the stand. Additionally, our experts will present two technical papers on modularisation for megaprojects and electrical efficiency.
What will your company showcase at ADIPEC?
We will highlight engineering, construction and capital investment capabilities for public-private partnerships (PPP). While not new to the region, PPP have been slow to take off in the past due to lack of financial drivers.
ith government budgets being challenged in the current economic environment, this has created new opportunities to explore these options.
Our experts will present two technical papers on modularisation for megaprojects and improved electrical efficiency. Our development director John Jeffers will present a technical session on “Achieving Predictable Outcomes for Modular Construction in Mega Projects.” Immediately following, Peter Dennis will present an ePoster session on “Improving Electrical System Efficiency in Oil & Gas Facilities.”
What are your expectations from ADIPEC will be this year?
Despite drop in oil prices, most countries are producing at a maximum capacity. To maintain production at this level, there is a focus on maintaining potential and sustaining capital. As a group, we are a Tier 1 EPC contactor offering turnkey EPC services.
In terms of new projects, there has been a significant drop in full packages for new projects so far this year, compared to last year. Most GCC countries are experiencing short falls in revenues and are running a fiscal deficit. However, this helps create opportunities for us as clients need help in safeguarding cost effectiveness, quality and delivery excellence. There have been a number of projects in this respect where we are enhancing or sustaining existing assets, or providing our services over a multi-year framework agreement.
Clients are more and more seeking the involvement of the private sector to help fund and execute projects, mainly through PPPs or similar financing models.
How would you describe 2016? And what are your plans for 2017?
The Middle East region contributes significantly to our business volume, with approximately one quarter of profit, and one third of the Oil & Gas workforce are based in the region. While the oil price will remain subject to movement, we expect that our clients will continue to seek efficiencies and improvements in their existing assets, and will continue to look for innovative engineering and commercial solutions on all their projects.
