Bart Cahir, President and General Manager of ExxonMobil Qatar Inc. speaking at the Offshore Middle East Conference and Exhibition at QNCC.
DOHA: Energy demand in developing nations will rise 65 percent by 2040. And efficiency will continue to play a key role in solving the world’s energy challenges, said a senior official of ExxonMobil Qatar Inc in a conference here yesterday.
“Energy demand in developing nations will rise 65 percent by 2040, reflecting growing prosperity and expanding economies. Overall, global energy demand will grow 35 percent, even with significant efficiency gains, as the world’s population expands from about 7 billion people today to nearly 9 billion people by 2040,” said Bart Cahir, President and General Manager of ExxonMobil Qatar Inc. at the Offshore Middle East Conference and Exhibition here at QNCC.
Following opening remarks from H E Dr Mohammed bin Saleh Al Sada, Minister of Energy and Industry and Managing Director of conference host Qatar Petroleum, Cahir shared his insights on operators’ perspectives, especially stressing the importance of managing risks.
“In ExxonMobil’s activities, we pursue the concept of understanding and managing operating risks with a relentless ‘focus on the fundamentals’ of safety, reliability, operational integrity, and efficiency,” said Cahir. “And we do so recognizing that making daily-decisions, grounded in a foundation of prudent risk management, is essential to deliver results that host governments, our partners, and society demands and expects from us.”
ExxonMobil’s newly released global Energy Outlook states that efficiency will continue to play a key role in solving the world’s energy challenges. Energy-saving practices and technologies will help OECD countries keep energy use essentially flat, even as their economic output grows 80 percent.
Cahir said oil will remain the No. 1 global fuel, while natural gas will overtake coal for the No. 2 spot. “This outlook demonstrates a bright future for us, but it also shows the enormous duty we have as an industry,” said Cahir.
He explained that ExxonMobil puts safety, environmental stewardship, and integrity into practice through its Operations Integrity Management System (OIMS). This system guides the activities of more than 160,000 employees and third-party contractors who work on ExxonMobil assets around the world.
“In short, OIMS is a common language that binds our workforce together, no matter where in ExxonMobil you are working,” he said. Cahir said the unique aspect of OIMS is the degree to which the system is integrated into the company’s day-to-day operations.