Increased projects in OPC MENA region
The first quarter of 2018 has seen a significant upturn in projects sourced from customers based in the Middle East and Africa. While the increase in the oil price has been a significant driving force, the existence of the OPC office in Dubai has also been very important in securing and managing these projects.
The Dubai office was established in May 2016 and, during a time where the oil price was perhaps near its weakest of the downturn, the low activity levels in-turn provided the time needed to establish the branch office in Dubai with the trade license issued by the Department of Economic Development (DED) allowing OPC to trade freely across the Emirates.
The Dubai office is OPC’s second in the Middle East and joins the Qatar office which was established in 2007 to support a large contract with QP and has since established itself as a leading supplier in Qatar. Although the first 12 months in Dubai were challenging, we are now quickly establishing ourselves as a reputable E&P consultancy in the UAE market.
Riley Smith, MENA manager said
The MENA market is an important one to us, and the Dubai office brings us closer to our clients across the region but most importantly gives us the capability to manage and deliver projects locally, which client’s value. Now that we have subsurface engineering and geosciences resources in the Dubai office supported by the OPC group, we are in an even better position to deliver projects across the region.
One of our recent projects in Dubai was for the Middle East headquarters of a global bank. OPC were retained to perform a full technical and operational evaluation of a Middle East based operator and develop an economic model based on the Petroleum Agreement that could then be used with specific Bank Covenants. Other projects involve the provision of sub-surface and geoscience advisors to customers throughout the region and a large field development planning project. A summary of recent projects is shown below: