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ITPS report on the main plenary session of Oil & Gas Uzbekistan 2019

17.05.2019

An ITPS team of experts took part in “Oil & Gas Uzbekistan 2019” (OGU 2019),  the largest industry expo in history, which took place in Tashkent on May 15-17. On the first day of the exhibition there was a plenary session held titled, “A new vision of the oil and gas industry – new geopolitics”, a report on which was made by the CEO of ITPS Leonid Tikhomirov. He spoke about the basic principles and effects of digitalization of companies in the oil and gas sector.

The annual international exhibition “Oil & Gas Uzbekistan 2019” (OGU 2019) is a key event in the oil and gas industry in the region. This year the main themes were concentrated around the latest technologies and trends in the field of gas and oil chemistry, nuclear power, electrical energy, energy saving and energy efficiency. More than 300 companies from 32 countries took part in exhibitions and conferences, while the president of PJSC Lukoil, Vagit Alekperov and the CEO of state corporation Rosatom, Alexei Likhachev attended the opening ceremony. An official welcome address to participants was conducted by advisor to the Prime Minister of Uzbekistan, the Minister of Energy, Alisher Sultanov.

Currently, the oil and gas sector of Uzbekistan is actively developing with active support of the state. Implementation of innovative digital technologies is instrumental in modernization of the fuel and energy complex (FEC), which are able to provide automation and transparent asset management. Great interest was generated amongst businesses in the region in solutions devised by experienced companies with high quality standards. In addition, recognized leaders in the global market of IT systems and technical solutions of ITPS wound up on the hit-list of Uzbekistan oil and gas companies along with the likes of companies such as Honeywell, Siemens and Schlumberger.

The main discussion platform of the exhibition was a business program opening plenary session to which 6 experts had been invited, among them the CEO of ITPS, Leonid Tikhomirov. The plenary session was opened by the Chairman of the Board of JSC Uzbekneftegaz, Bahodirjon Sidikov, followed by the President of the International Gas Union, Joo-Myung Kang, and the Director of the Energy Department of the Central and Western Asia Asian Development Bank, Ashok Bargava. In his report, Leonid Tikhomirov spoke about the company’s experience in implementing comprehensive industry-specific solutions, through which oil and gas companies can significantly improve their performance indicators and achieve results in line with global best practices.

“We have implemented over 400 projects in 20 countries over 15 years. What is common to them? None of our designs is a “magic button” that has an instant economic impact when pressed. Regardless, most of our customers were able to increase revenues and reduce capital and operating costs in a few months. This is achieved through complex modelling, creation of integrated operations centers, transformation of business processes, organizational structure and personnel development. All these activities are compulsory. On an aggregate basis, they allow all infrastructure elements and ongoing processes to be tied together, for their interaction to be evaluated and for us to then mathematically calculate further steps to improve performance. Not only business stands to gain from this, but also the state: as long as the company increases its liquidity, the authorities conduct transparent monitoring and increase tax revenues. I am confident that the Uzbekistan companies that are interested in rapid growth will appreciate these perspectives”,  Leonid Tikhomirov stated.

According to experts, the introduction of digital solutions, for example based on the ITPS in-house development Avist, should increase  production volume by 10-15%, productivity – by 20-40%, resource efficiency– by 10-15%. Operating costs are reduced by 10-25%. Return on investment takes less than two years, in most cases – a year and a half. These numbers are verified by practical implementation.

Our “Smart deposit” initiative attracts great interest amongst experts, analysts and top managers within the oil and gas industry. Across the three days of  OGU 2019, the ITPS specialists held several B2B meetings with potential customers and discussed prospects of cooperation and steps to implement future projects.

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