The United Arab Emirates (UAE) is making adequate investments in asset integrity to become energy self-sufficient, according to a poll of oil and gas professionals conducted at the ADIPEC Exhibition and Conference in Abu Dhabi, UAE.
In the poll, 72% of professionals believe that UAE is spending sufficiently to optimise asset integrity, while only 28% said it was not.
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Asset integrity management plays a pivotal role in regions with established fields such as UAE, where proven oil reserves have increased significantly over the past decade.
GL Noble Denton’s vice president, Moss Daemi, said that the UAE’s oil and gas industry is struggling to come up with strategies to improve the performance of the UAE’s by maintaining best practice in safety and integrity.
"The result of this poll demonstrates that sector professionals are confident that funding is being allocated in the right places to ensure that oil and gas facilities deliver the best possible output from the remaining reserves," said Daemi.
The current poll is GL Noble Denton’s second of three Industry Snapshot Polls at stand 8095F at the ADIPEC.
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By GlobalData
