Baku to host 8th Caspian Technical Conference 

The Society of Petroleum Engineers (SPE) will hold the 8th Caspian Technical Conference (CTC) on October 5-7, 2021, in Baku, Azerbaijan, Report informs, citing SPE.
This year’s theme covers: 'Adapting to New Realities – Maximizing Efficiencies and Productivity.'

According to the SPE, the oil and gas industry has experienced highs and lows in recent times but the challenges it has faced over the last year have been unprecedented: “The COVID-19 pandemic has impacted demand and changed working practices, and the transition to a lower-carbon environment has placed an increased focus on the application and viability of new technologies. On a regional level, with the technical challenges of extracting oil and gas in the Caspian and the increasing maturity of many fields, the industry has sought ways to adapt to these challenges and improve its performance. The priority is maximizing productivity and efficiency to reduce exploration costs, improve oil recovery and identify and exploit more complex reserves.

The CTC participants will join energy experts from the Caspian oil and gas industry along with international senior executives and technical experts, to analyze and discuss the current climate and discuss the latest technologies, new developments, and first-hand insights in upstream oil and gas. Central to this effort will be improving competitiveness, working with fewer resources, and sustaining efficiencies post-pandemic. Delivering long-term and sustained value through digital technologies and initiatives are also key to the discussion as are attracting and retaining talent, particularly against a backdrop of changes in demography and perceptions of the industry.

Being a recognized international platform and a key event for the Caspian oil and gas industry, the SPE conference annually brings together high-level speakers and participants to discuss key oil and gas projects in the region. The previous 2019 event in Azerbaijan gathered more than 500 attendees from 26 different countries worldwide with the participation of key industry players including BP, SOCAR, TOTAL, Ministry of Energy of the Republic of Azerbaijan, Schlumberger, and TCO to name a few.