SPE Intelligent Energy 2016
Published: 08 September, 2016
SPE Intelligent Energy 2016 (IE16) took place in Aberdeen (6 to 8 September 2016) with a call to action by investors to avoid ‘bad’ capex cuts, improve transparency and create real value through innovation.
The theme of the three-day event was ‘New Horizons: Intelligent Energy in a Changing World’. The exhibition showcased the latest smart technologies and intelligent energy solutions at the seventh edition of the biennial event held for the first time in Aberdeen.
Rob West, a partner with investment research company Redburn, presented at the opening scene-setter session. He said the industry must focus on meaningful capex cuts to generate long-term value and change. “We want to avoid project delays, under maintenance and sharp pull backs in drilling. The best companies are moving away from slash and burn reactions. They are looking at new, simple ways of designing and managing projects. What the investment community wants to see is sustainable capex reduction than can improve long-run returns.”
The plenary session explored how intelligent energy solutions could help the industry through the downturn and create efficiencies in procedures and processes. It focused on different ways to manage asset integrity and how integrated and autonomous systems, across all operations, should be considered as integral to future activity.
SPE Intelligent Energy International 2016 www.spe.org
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