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Dowtec PTE sign letter of intent with First Crude Oil

NG Oil and Gas Summit was once again hailed as the industry voice for the region

The frightening reality of the world’s inevitable oil depletion is being faced at the pumps with prices sky rocketing, and with most of the existing oilfields entering a mature phase, oil companies are opting for secondary injection or tertiary EOR projects to extend the oilfields lifespan to meet demand.

 

To ensure a unified approach to the meeting  senior executives such as Farouk Al Zanki MD and Chairman of Kuwait National Petroleum Company, Randy Clark CEO of Energistics and Hamed Ibrahim Karim, GM Exploration and PICO Petroleum met at the NGOG Summit in Doha to discuss the volatile future of the oil and gas industry and the depleting resources, which is attributable for the entire regions wealth.

 

The NG Oil and Gas Summit was once again hailed as the industry voice for the region, where here (once again) the exciting advances were announced first to the illustrious body of attendees. This included the unification  of huge Asian and Norwegian companies DowTec and First Crude Oil Ltd who secured a working relationship as a direct result of the meeting at the summit.

 

First Crude Oil’s Jan Storm and Dowtecs’ Arief Razak were both invited as thought leaders to this year’s NG union, First Crude Oil shared their latest developments in subsea technology, revealing their new ‘ Aurora subsea production system’, which could revolutionize the face of the Middle East/North Africa oil industry.

 

First Crude Oil together with Dowtec Pte will finalize the development of a common system for the handling of drill cuttings and drill fluids. The system will be made available to the international oil and gas industry to solve the environmental problems which come with disposal.

 

Such a joint venture between First Crude Oil, and DowTec offers environmentally friendly subsea concepts for regeneration projects and will help alleviate the high demand for oil.

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John Funnell has worked in online media for over ten years, after achieving his First Class BSC Hons Degree (BBC Sponsored), John won Bos 18-21 Princess Trust Entrepeneur of the year at 21, setting up Clean Living Records Ltd (including www.BeatReview.com) with great success having many acts that charted in Europe and Canada. After selling the business John looked for a new challenge and joined GDS International, having a successful career in sales and Delegate acquisition, he worked up to Event Director EMEA, forging contacts with some of the biggest technology names in the world, this lead to John having a lead role in the creation of MeettheBoss.com and MeettheBoss.tv – the worlds largest business IPTV channel. John then took over as Marketing and Communications Director and ran a multifaceted global Marketing team for GDS International in New York, Sydney, Kuala Lumper and the UK.. John joined Global in 2011 with the challenge of supporting its growth by developing a solid Marketing foundation through various Digital, PR and brand initiatives.