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ZhenHua Oil Shines at ADIPEC 2023 and Invited to Attend Sustainable Innovation Forum COP28

PublishTime:2023-11-09

From October 2 to 5, the 2023 Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC 2023) opened at the Abu Dhabi National Exhibition Center. Wang Yuetao, Chairman of ZhenHua Oil, led a delegation to participate in the exhibition and was invited to attend the CEO Roundtable Summit (Sustainable Innovation Forum COP28), a major supporting event of ADIPEC.

At the Sustainable Innovation Forum COP28, Wang Yuetao delivered a keynote speech on the topic of "Eliminating Methane in Energy". He presented his understanding and thoughts from five aspects: Establishing global partnerships, conducting technology transfer cooperation, providing financial support, emphasizing information sharing and communication, and increasing policy support. He further expressed that ZhenHua Oil is committed to promoting green development through technological innovation. In upstream projects such as those in Iraq and Kazakhstan, associated gases produced during production are used for internal power supply in resource countries or oilfields, effectively reducing carbon dioxide emissions. Explorations and applications have also begun in areas such as methane warning detection, pipeline transportation, and extraction utilization. He hopes to work with partners from all sides to promote global net-zero emissions based on international standards and practices in ESG management.

After the roundtable summit, Wang Yuetao led the delegation to meet with Chinese Ambassador to the UAE, Zhang Yiming. Ambassador Zhang highly praised ZhenHua Oil's outstanding achievements and encouraged the company to continue contributing to China-UAE green and low-carbon cooperation.

ZhenHua Oil's high-quality exhibition work was highly appreciated by the host of the conference, Abu Dhabi National Oil Company (ADNOC). During the event, Mr. Al Kindy, Upstream Director of ADNOC, held a special meeting with Wang Yuetao. Al Kindy first congratulated China on its National Day, expressing that since ZhenHua Oil's participation in onshore oilfield equity management, the company has made outstanding shareholder contributions in promoting the application of Chinese technology in oilfield development and coordinating international shareholders to deepen cost reduction and efficiency improvement in oilfields. In the future, he hopes that ZhenHua Oil will continue to support the onshore oilfield production strategy and actively participate in the development and cooperation of other oil and gas resources in the UAE, jointly fulfilling the role of a global energy producer and supplier. After the meeting, the two parties jointly witnessed the signing of a contract for infrared gas monitoring and intelligent early warning systems. This is another technological cooperation achievement reached between ZhenHua Oil and ADNOC, following the successful implementation of special gel plugging technology and non-structural fracture modeling technology.

At the ADIPEC Awards ceremony, Wang Yuetao also presented an award as a guest to the representative of the Future Energy Workforce Development Programme.