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Forty French companies to participate in O&G event
November 13, 2017
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ABU DHABI: Business France, the national agency supporting the international development of the French economy, is once again organising a French collective pavilion at ADIPEC (Oil and Gas event), where some 40 companies representative of the industry’s various sectors will be presenting their products, services and expertise to local professionals with a view to developing or strengthening partnerships.

With major reserves (48 per cent of the world’s oil reserves and 38 per cent of its gas resources) and an expected two-fold increase in its production between 2004 and 2020, the Middle East is a leading global player and the commercial opportunities in the oil and gas industry in the region are vast.

Due to persistently low oil prices, the Middle East is still a very attractive region. The quality and quantity of the hydrocarbons produced in the region, along with lower-than-elsewhere extraction and processing costs, make it possible to generate business that is still better than in many other areas of the world.

The expertise of French companies, their technological skills and their capacity for innovation have helped the French oil and gas services industry to garner international recognition and a leading position among European exporters.

It is an industry par excellence, with one or more international leaders in the majority of its business areas. Alongside operators the likes of TOTAL, it consists of oil and gas industry equipment and service providers which include world giants such as CGG and TECHNIP. The sector also has two world-renowned research institutes, IFP Energies Nouvelles and IFREMER, and several major engineering firms and contractors.

Aware of the new challenges of a difficult context, the French companies exhibiting at ADIPEC offer solutions that serve the needs of operators: reservoir optimization, reserve development, precision tools for wells and surface units, facility equipment and surveillance systems, environmental protection, and more.

During the show, OSVfinder launches the first online chartering platform for energy market.

WAM

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