ONS has confirmed the theme of its 2016 conference as ‘Transition’.
Conference chief executive Leif Johan Sevland said theme reflected current market constraints.
He added “The purpose of the theme of Transition is to bring about a useful debate on the transition to a new normal situation in the industry.”
In an official statement the conference said it hoped the theme would encourage the industry to forge ahead despite heightened pressures and not wait for a rebound rescue.
The statement said: “Transition means taking action, not just waiting to see what the world will bring next. It means actively steering from one situation to another, instead of going with the flow. What we do today will shape the world of energy tomorrow.
“Adjusting to a new market situation with lower profit margins is an important part of the transition. We need to develop advanced technology and produce challenging petroleum resources at lower cost. Cheaper, standardised solutions are advocated – but how do we implement them rapidly?
“Lower oil prices affect the level of exploration and inhibit new developments. At which point will the cost pressure also affect the level of innovation? Will it simply transform the way we innovate and make it easier to arrive at viable solutions?”
The theme will also explore more than just conventional crude.
A shift towards a low carbon economy, clean and greener energies will also feature on the conference agenda. The event also hopes to spark the debate around access to energy and the fight against poverty.
The statement added: “The transition has already started and at ONS 2016 we will try to take it one step further, through debates, discussions and the insights of our prominent conference speakers. We have the destination in sight. Now let us find out how to get there.”
‘Transition’ follows on from last year’s theme ‘Changes’.
Recommended for you
