OMAN - Energy & Mining
Managing Director, Daleel Petroleum, Oman
Bio
Wang Hua is a petroleum engineer who holds a PhD in petroleum engineering management from China University of Petroleum. He has 30 years of practical experience in oil and gas covering technical, business, and management scopes of work. He has over 13 years of experience working in the Middle East, mainly in Iraq, the UAE, and currently in Oman. He has extensive understanding of practices within the upstream activities in the oil and gas industry.
Daleel Company is like a family. The management team is extremely professional and contributes a great deal to the company. It likes to set targets to challenge itself, which is why Daleel has been able to consistently and successfully operate Block 5 for over 20 years. Dealing with tight and thin reservoirs presents a big challenge, and the company always pursues new technologies and methods, allowing it to contribute to Omani production every year. Both the management and employees have demonstrated operational excellence. A performance that has led the shareholders to build interest in pursuing new businesses and continuing to use this platform.
Daleel is at the forefront of technology and is actively preparing for the future of Block 5 not only in terms of technological advancements in the Middle East, but also globally. Daleel team is constantly exploring new approaches to prepare for the future. Currently, we are particularly focused on water flooding to maintain reservoir pressure and employ techniques that contribute to stable production. Additionally, every year, we support a number of employees to pursue further education. When considering the future of Oman, it is a great opportunity for local talents to have the opportunity to acquire knowledge and skills related to new energy technologies.
As gas operators, Daleel Petroleum is committed to reducing its gas emissions in order to achieve its target. We aim to minimize any offsets in this regard. This year, we achieved a zero-routine flaring in line with our commitment toward a sustainable future. Also, Daleel has successfully managed to reach Zero Routine Flaring (ZRF) seven years ahead of the World Bank’s set target of 2030 making us the first operator in Oman to achieve ZRF. This remarkable milestone was possible by adapting several strategies. The company established a gas plant that served both the plant as well as commercial transportation. The next step was taken in 2022 when we installed additional pumps to improve the atmosphere, pressure, and transport within our gas system to reduce the overall flaring. As part of our efforts to promote sustainability, we have explored the utilization of solar power. We have successfully implemented solar power systems to replace traditional diesel and gas power sources. This transition is crucial in ensuring the long-term sustainability of our business. Equally important is our commitment to educate and empower the Daleel team to embrace and advance in the field of new energies. We believe it is essential for our teams, particularly the younger generation, to understand and become proficient in operating this type of energy. We are committed to developing the necessary capabilities to effectively manage new energy resources.
Over the next three years, there will be significant opportunities for oil and gas companies to develop new business avenues. The government’s focus on energy transition has led it to invest in new energies. Simultaneously, it is also expediting traditional methods and development. There are new oil rounds taking place, which presents several opportunities in the traditional oil and gas sector. In the energy industry, these opportunities may extend for the next 10-20 years. I am optimistic for the coming years, as oil and gas are likely to remain significant players in our energy market. I have also discussed with various service companies that recognize these opportunities and are eager to develop their businesses. This period offers significant support for exploration and development.
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