Geosteering Technologies company took part in the ADIPEC 2017 expo, the world's largest and the most influential oil & gas industry exhibition in the Middle East.
The 20th international exhibition traditionally held in Abu Dhabi (UAE) attracted over 10,000 delegates this year. 2,200+ companies were present at the event with over 1,000 new solutions, services and advanced industry technologies, while over 900 industry experts made their reports in 200 conference panels.
Solutions and services that Geosteering Technologies introduced at the exhibition attracted great interest of ADIPEC attendants. Company experts conducted a number of negotiation rounds with the leads that participate in both onshore and offshore fields development in Persian Gulf. Among these leads were Abu Dhabi National Oil Company, Almansoory Specialized Engineering, Al Ghaith, R.O.S, EOS, just to name a few. Attempting to find alternative economically viable solutions, the representatives of oil-producing and oilfield development industry of the Middle East paid special attention to Geosteering Technologies projects successfully implemented across Russian and CIS oilfields as well as to the company's expertise in the area of geosteering, geomechanics and petrophysics. The attention of delegates was particularly drawn to the Geonaft software complex intended for integrated engineering support of the oilfield wells, that enables creation of geosteering, geomechanical and petrophysical models along with their real-time updates.
In the course of the exhibition, the company signed a number of important Memorandums of understanding (MoU) in order to promote Russian software and maintenance services across the Middle East markets, and to arrange for collaborative competence centers were Geosteering Technologies experts are going to share their engineering expertise with the representatives from the regional companies.
"Russian oil & gas technologies have a number of strong competitive gains which makes these technologies highly-sought in the local market and ensures their high export potential. This was obvious due to the tremendous attention that our booth aroused among the key players of the Middle East market. According to them, today the key product features are quality and economic viability. That's the underlying basis of our solutions," says Yury Petrakov, CTO and co-founder of Geosteering Technologies.