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Summary:
Petroleum Engineering 2018 is the platform to gain or share the knowledge in the
new technological developments in the field of chemical engineering. This conference
brings together professors, researchers, scientists and practitioners in all the areas of
Petroleum Engineering, oil and gas engineering services which provides an
international forum for the spreading of approved research results, new ideas and
practical developments. We are honoured to invite you all to attend and register for
the “6th International Conference on Petroleum Engineering (Petroleum Engineering
2017)”.The organizing committee is gearing up for an exciting and informative
conference program including plenary lectures, symposia, workshops on a variety of
topics, poster presentations and various programs for participants from all over the
world. We invite you to join us at the Petroleum Engineering 2018, where you will be
sure to have a meaningful experience with scholars from around the world. All
members of the Petroleum Engineering 2017 organizing committee look forward to
meeting you in Rome, Italy.
Petroleum engineering is a field of engineering concerned with the activities related to the
production of hydrocarbons, which can be either crude oil or natural gas. Exploration and
Production are deemed to fall within the upstream sector of the oil and gas industry.
Exploration, by earth scientists, and petroleum engineering are the oil and gas industry's two
main subsurface disciplines, which focus on maximizing economic recovery of hydrocarbons
from subsurface reservoirs. Petroleum geology and geophysics focus on provision of a static
description of the hydrocarbon reservoir rock, while petroleum engineering focuses on
estimation of the recoverable volume of this resource using a detailed understanding of the
physical behaviour of oil, water and gas within porous rock at very high pressure.
The combined efforts of geologists and petroleum engineers throughout the life of a
hydrocarbon accumulation determine the way in which a reservoir is developed and
depleted, and usually they have the highest impact on field economics. Petroleum
engineering requires a good knowledge of many other related disciplines, such as geophysics,
petroleum geology, formation evaluation (well logging), drilling, economics, reservoir
simulation, reservoir engineering, well engineering, artificial lift systems, completions and
oil and gas facilities engineering.
Recruitment to the industry has historically been from the disciplines of physics, chemical
engineering and mining engineering. Subsequent development training has usually been
done within oil companies.
Why Rome ?
Rome has the status of a global city. Rome ranked in 2014 as the 14th most visited city in the
world, 3rd most visited in the European Union, and the most popular tourist attraction in
Italy. Its historic centre is listed by UNESCO as a World Heritage Site. Monuments and
museums such as the Vatican Museums and the Colosseum are among the world's most
visited tourist destinations with both locations receiving millions of tourists a year. Rome
hosted the 1960 Summer Olympics and is the seat of United Nations' Food and Agriculture
Organization (FAO).
Rome is a major EU and international financial, cultural and a business centre. With a 2005
GDP of €94.376 billion (US$121.5 billion), the city produces 6.7% of the national GDP (more
than any other single city in Italy), and its unemployment rate, lowered from 11.1% to 6.5%
between 2001 and 2005, is now one of the lowest rates of all the European Union capital
cities. Rome grows +4.4% annually and continues to grow at a higher rate in comparison to
any other city in the rest of the country. This means that were Rome a country, it would be
the world's 52nd richest country by GDP, near to the size to that of Egypt. Rome also had a
2003 GDP per capita of €29,153 (US$ 37,412), which was second in Italy, (after Milan), and
is more than 134.1% of the EU average GDP per capita. Also, Rome hosts the head offices of
the vast majority of the major Italian companies and corporations, as well as the
headquarters of 3 of the world's 100 largest companies: Enel, Eni, and Telecom Italia.
Why to attend?
Target Audience:
Petroleum Engineers
Scientists, Researchers & Technical Staff from petroleum engineering field.
Professors, Students & Delegates from petroleum engineering Department
The people who are specialized with geologists, geophysicists, reservoir engineers,
production engineers, Chemical Engineers.
Production engineers are the Potential Exhibitors for the Respective Conferences.
The American Institute of Mining, Metallurgical, and Petroleum Engineers,
Geologists associations, US Oil and Gas Association, The Society of Petroleum
Engineer
Sinopec
China National Petroleum Corp. (Petrochina)
Royal Dutch Shell
ExxonMobil
Saudi Arabian Oil Company (Aramco)
BP
Total S.A.
Kuwait Petroleum Corp
Chevron Corporation
OJSC Lukoil
Industry 50%
Academia 40%
Others 10%
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production
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85
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75
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2009 2014 2020
year
Global oil and gas production has increased over the last five years, from 81.15
Million barrels per day in 2009, to 88.67 Million barrels per day b 2014. This has led
to the supply for oil & gas exceeding its demand which has ultimately caused a
decline in the prices of crude oil during the last six months of 2014. Consequently,
the oil and gas operators have reduced their capital expenditure outlook for 2015
citing concerns over low profit margins. This reduction has mainly impacted the
upstream exploration and production (E&P) activities. However, the declining
production from onshore oilfields in countries such as Russia, the U.K. and India
among others has resulted in higher demand for exploring new offshore reserves.
Drill pipe which are used to support drilling and exploration activities are expected
to grow at a CAGR of 3.8% to reach USD 1,133.8 Million by 2020 from USD 940.62
Million in 2015. In this report, 2014 is considered as the base year and 2020 is
considered as the forecast year. The report covers the grade of drill pipe as well as the
application segments.
4
price
2
price in USD billion
0
2016
2021
year
The oil & gas market is expected to grow from an estimated USD 3.22 Billion in 2016 to USD 4.54 Billion by 2021,
registering a CAGR of 6.9% from 2016 to 2021. The global market is witnessing significant growth on account of the
decline in natural gas prices, increase in electricity demand, and low emission levels of the gas & oil compared to other
fossil fuels. Increasing investments in distributed power generation are also expected to drive the demand for oil & gas
across the globe.