Keywords: oil, gas, upstream technologies, GCC, EU, European Union, energy policy cooperation, advanced technology, technology transfer, Gulf Cooperation Council, Arab Gulf States, exploration, hydrocarbons
EU-GCC energy policy cooperation through upstream oil and gas advanced technology transfer
GCC region is one of the most prolific petroleum provinces in the world. However technical and financial conditions have changed advanced technologies must provide appropriate solutions. The impact of technological developments is further accentuated when viewed within the overall policy for energy cooperation between GCC and the EU. EU providers are able to provide such technologies and to bring solutions to these specific issues on most segments of the activities, including equipment, software and consultancy. The scope of this paper is to outline the main advancements in oil and gas upstream technologies defined as exploration, development and production of hydrocarbons up to the well head and to present a technological match between GCC needs and EU technological offers as perceived both by GCC operators and EU technology providers.