KUWAIT: GROWTH 2020
TA. Kuwait Oil Company (KOC), one of the world's foremost oil producers, plans to boost its production capacity to 4 million barrels per day over the next six years, said an expert.
However, greater production means greater risk, warned Khaled Al Mansouri, the president of the International Association of Emergency Managers (IAEM) and International Center of Business Resilience (ICBR).
The need to secure some of the world's oldest oil fields during any and all emergencies has compelled leading figures in the region's oil, gas and power industries to assemble at the 2nd Annual Crisis & Risk Management Summit in Kuwait City.
From May 4 to 7, Al Mansouri and other emergency response experts will exchange knowledge and expertise, focusing on critical topics, such as risk management, fire safety, computer-aided emergency dispatch, loss prevention, and PTSD recovery.
"As long as we operate in a risky working environment, such as the oil and gas industry, incidents will happen, and we will see our share of them. The outcome will depend on how well our emergency responders, employees, and contractors respond, manage, and learn from them," remarked Nasser Al Buhairi, the chief security officer & head of the the emergency co-ordination unit, KOC.
"Kuwait has had its own challenges—not the least of which was recovering from the invasion in 1991—and we have our methodologies for dealing with them," he stated.
During the conference, Al Buhairi will present a case study that illustrates how managers can prioritise emergency response plans according to the criticality of different equipment.
Commenting on the significance of crisis and risk management in Kuwait, Peter Johnson, the Health Safety and Environment (HSE) trainer at Chevron, Kuwait, and former Incident Commander of the Federal Emergency Management Authority (FEMA, USA), said, "Risk management is a discussion that occurs each and every day around the world in all sectors. We are having this discussion in Kuwait because the oil and gas industry here is seriously committed to worker safety, asset protection and environmental stewardship."
Johnson, who will chair the two-day event, will also deliver a lecture on how best to involve senior management, EPC contractors and solution providers in comprehensive response systems.
"It is only through the development of partnerships at all levels that any company or government can succeed in their goals. This is truest in emergency response, where all concerned entities need to collaborate in order to effectively respond to a disaster, and ensure the welfare of people first. When I was at FEMA, we interacted with over 70 other federal agencies and works with contracts in order to respond to disasters effectively," stated Johnson.
Khalid Al Mansouri said he will discuss the changing nature of crisis and risk management systems in his keynote speech.
"Crisis and risk management is evolving in Kuwait. Both the government and private sector entities, such as power companies, are invested in it. There is even talk that the government is starting a new emergency management authority. I am happy that this conversation is happening in Kuwait," he observed.
Ali Hussain Asad, an emergency response consultant with RIMSCO and former Head of Emergency Coordination at KOC, will detail the construction of a comprehensive crisis management system that integrates corporate health, safety and environment (HSE) plans and site-specific emergency mechanisms.
On the margins of the conference are pre- and post-conference workshops. In the pre-conference workshop, entitled "Managing health, safety, rescue and maintenance programs", Peter Johnson will draw from his 30 years of experience in emergency response to demonstrate proper planning for the indirect costs of health and safety preparedness.
The post-conference workshop on incident command systems (ICS) will be led by Dean Monterey, Emergency Management Specialist at Kinder Morgan, Canada, and author of Bahrain National Oil Spill Plan.
Monterey advised the governments of Bahrain and Qatar during the Gulf War and is a seasoned manager who will invite managers to see how their plans hold up against international best practices.
The conference is being held under the official patronage of Kuwait Fire Service Directorate, and has been supported by RIMSCO, the Official Strategic Consulting Partner of the event.
According to organizers IQPC, the 2013 edition of the event was well received, and the series has continued to grow, with the Director General of KFSD, Yousef Al Ansari set to deliver the opening keynote address.
Major General Yousef Al Ansari, the director general of Kuwait Fire Service Directorate, praised the Crisis and Risk Management series, saying, "The Summit will present attendees the information needed to meet the new challenges that lay ahead, and it is an excellent opportunity to network with their peers participating at all levels."
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AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.
REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.
IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.
IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.