Cepsa’s CEO and Vice Chairman, Pedro Miró, speaks about the Spanish firm’s plans to launch a dedicated report on the impact of technology in the future of energy
What are your aims at this year’s ADIPEC?
Cepsa presented its research publication Cepsa Energy Outlook (CEO) 2030 last year at ADIPEC; our look at society and energy markets over the following years. The CEO defines our perspectives on the challenges and future of the energy sector at a time of unprecedented change and volatility. This year, we are working on a new dedicated report to deep-dive into the impact that technology will have in the future of energy and society. At ADIPEC we will give a preview of this subject. We are also proud of our technology and innovation capabilities, and we intend to exhibit them at this gathering. We use the best of our technology to advance in several of these projects. Through Cepsa’s Research Center the company generates world leading innovation, such as its Enhanced Oil Recovery (EOR) technology, which aims to increase the extraction of oil from oilfields.
How important are partnerships for Cepsa?
ADIPEC is an important networking event and a great showroom for the oil and gas business. You always have to come to ADIPEC with your mind open for new things. Being in the Emirates is very positive as well, because it is an important investment hub for the sector and a very attractive region for our interests. Cepsa has already different partnerships, with Emirati companies among others. It’s always a pleasure to come to ADIPEC and look for new projects and possibilities.
Where are your key projects in the region and future plans?
As a Mubadala company, Cepsa has important projects in the region. We mainly focus on two of them. An upstream project, an offshore concession which consists of a 20 per cent stake in Abu Dhabi’s offshore Sateh Al Razboot (SARB) and Umm Lulu. And on the other hand, the MoU we signed in 2017 with Abu Dhabi National Oil Company (ADNOC) to evaluate during 2018 a new world-scale Linear Alkyl Benzene (LAB) complex in Ruwais, Abu Dhabi.
How important is ADIPEC in your international energy calendar?
Cepsa, as a global energy company which operates in an integrated manner at all stages of the hydrocarbon value chain, is an important player within the energy industry and we could not miss the opportunity to be at ADIPEC. We would like to make the most of this forum to share our experience, our vision of the future of energy, and to continue to improve and innovate to adapt to the needs of society. There are always opportunities to find, interesting projects to listen to, and explore possibilities. You always have to come to ADIPEC with your mind open for new things. Being in the Emirates is very positive as well, because it is an important investment hub for the sector and a very attractive region for our interests. We can say that ADIPEC is probably the number one business gathering in our calendar.
How are you pushing the digitalisation angle in the energy sector?
Technology has always set the pace for change by driving profitability. In the next few years, however, it will speed up advances by finding new ways to save energy and boost productivity. This transformation could revolutionise the way business is done, and corporations will have to adapt constantly to keep their competitive edge. Digitalisation will play an important role in extracting the best from data and analytics to identify and solve problems and needs, as well as to take decisions. It’s critical to be agile in decisions and processes, identifying the needs of clients and society and reacting with speed.