Strengths and Opportunities of the World’s Energy Superpower
Benchmarking the Middle East Onshore Energy Industry
Gauging the relative risk quality of Middle Eastern oil, gas and petrochemical facilities.
The Middle East plays a critical role in energy production and controls a significant proportion of the world’s energy reserves. Increasing investments in the region and expanding facilities necessitate that the industry fully understands and addresses the risks involved
“Benchmarking the Middle East: Strengths and Opportunities of the World’s Energy Superpower” gauges the comparative risk quality of Middle Eastern oil, gas, and petrochemical facilities relative to more than 500 similar facilities worldwide. It contextualizes risk quality in the Middle East, explores regional trends, and covers current standards to provide a comparative view of the risk quality of Middle East energy assets and operations.
Among the conclusions from the report:
- Oil and gas companies in the region are facing an ever-evolving suite of social, geopolitical, and technical challenges.
- Despite having to manage a dynamic risk landscape, there is increasing evidence of companies persisting in their efforts towards safer operations.
- Hardware is a particular strength in the region. Process plants are benefitting from sufficient funding, land availability, and the relatively young vintage of plants, among other factors.
- Management of both existing assets and emergency response equipment are major areas of focus.
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