Between the 15th and 19th June 2014 Moscow played host to the 21st World Petroleum Congress. Energy entrepreneur Ana Shell and representative of NRGLab Pte Ltd were in the city for a business trip at the time, and took the chance to visit this slick and well-organized event. The theme of this year’s event was ‘Responsibly Energising a Growing World’, focusing on the vital topic of how to maintain our current energy supplies while also protecting the environment we all depend on.
The list of speakers and attendees was highly international, gathering under one roof representatives of oil and gas companies from many countries. Russian energy minister Arkady Dvorkovich and his Qatari counterpart Mohammed al Sada gave welcome speeches, while representatives from the US, UK, India, Norway, China, Brazil and more took part in the sessions.
Along with the possibility to share their experience in the many technical and plenary sessions, the congress also offered the opportunity for businesses to showcase themselves at an exhibition. The exhibition space was huge, at around 50,000 square meters, and was clearly considered a key part of the congress as a whole – an opportunity to advertize yourself to potential investors and to show off to the competition with a particularly colorful booth.
Indonesian energy company Pertamina, whom NRGLab have been working with in recent months, were among the exhibitors. H.E. Djauhari Oratmangun, the Indonesian Ambassador to Russia, who Ms Shell has been cooperating with on a number of energy projects voiced his support for the event and made a personal appearance.
“It is not the first time we are participating in this exhibition. But before it was held in other countries. Only in this year it is taking place in Russia,” said Mr. Nursatyo Argo, Corporate Secretary of PT Pertamina. “We would like to use this opportunity to search for new partners – partners from all over the world, although we’re interested in cooperation with Russia in particular. What Indonesia is really interested in is the upstream aspect – that is, the exploration and extraction of new energy resources – as well as new oil fields. Russia has a lot of experience there, and can successfully be one of those partners.” Pertamina is the state-owned energy agency of Indonesia, and currently the second-largest crude oil producer in the country, so opportunities abound on both sides of any potential partnership.
During Ms Shell’s recent visit to Jakarta, she discussed a biomass gasification project using the new NRGLab Pte Ltd gas turbine. That project also promises to produce large amounts of sustainable energy for Indonesia, and we believe could hold more hope of creating a sustainable future through the use of food waste products rather than exploring for more fossil fuels.
However, as well as looking into upstream issues, Indonesia has another problem that needs to be addressed – they have six oil refineries, and most of them are old and in increasingly poor condition. This is why Pertamina is currently also looking for partners to help them modernize these refineries.
“Indonesia nowadays has a big problem with oil refineries,” admitted Mr. Nursato Argo. “The last one was built 20 years ago. Of course its power is not enough anymore. That is why we are currently interested, not in the expensive construction of something new. but in finding ways to increase the efficiency and activity of the existing ones”.
NRGLab Pte Ltd has already applied for cooperation with Pertamina on their oil refineries’ modernization. At a conservative estimate, this modernization could create additional revenue for Indonesia equal to US$3bn, while costing only US$80mn. It is through projects like this one, to increase the amount of energy we can get out of the same amount of fuel; and the gasification project, which similarly makes the most out of what we already have, that we will truly energize a growing world. Exploration for new fossil fuels will still have its place in the world economy for some time to come, but at NRGLab we hope that both Indonesia and the rest of the attendees at the congress will realize that alternative strategies also need to be encouraged to take center stage.
Despite these few concerns that we have for the future direction of sustainable energy, the congress itself was a great success with many interesting and informed speakers – and for that, we extend our humble thanks and congratulations to the organizers.
Article prepared by Annie J