Saudi Arabia to benefit by Accelerating & Adopting – AM/3D Printing technology for Oil & Energy

As we know, late 2018 the global demand for crude oil alone was more than 99 million barrels per day, that’s a 16% increase compared to 2006 and a 62% increase if we compare to past three decades. OPEC calls it “the engine of the world economy”, Saudi Arabia has claimed that they need to “end their addiction to oil”, pertaining to high production and maintenance cost due to which it’s directly impacting to increase in price. The high demand for this commodity makes the market consistently quest to reduce costs and increase efficiency. Over the past few years’ technology has become a big part of research and development for companies including Saudi Aramco, Shell, BP, and ExxonMobil etc…

With constant pressure to reduce oil prices, oil & gas companies are influencing component manufacturers to reduce their manufacturing costs and shorten the lead times. Sensing the need for transformation, manufacturers are turning to additive manufacturing to help them ride the tide. Unlike traditional manufacturing technology, AM can produce components with complex geometries, deplete fewer raw-materials, produce less waste, have reduced energy consumption and decreased time-to-market.

Leading market researcher’s estimates that the 3D printing market in the oil & gas industry will reach US$ 450 million by 2021, and the market expected to boost over 1.4 billion dollars by 2025, helping the industry to streamline the often complicated structure of oil and gas product manufacturing, by reducing expensive downtime and removing long waits for parts. Particularly, using AM technology to print replacement parts at remote locations -like one of the 1,470 offshore oil rigs around the world- would be a significant upgrade.

Employing 3D printing to fabricate production, end-use parts has also become an increasingly mainstream operation in the oil and gas sector.  Because 3D printing can create custom, complex parts faster than traditional manufacturing process, engineers have found the technology to be a perfect solution for low-volume projects. 3D printing doesn’t require tooling, and it can produce lightweight structures with complex internal features, a key element in the next-generation of energy, oil and gas components.

The oil and gas industry requires parts to meet robust performance and environmental standards. AM allows for complex geometries in one fluid build. Different types of Prototype or 3D printing products produced for oil & gas sector are:

  • Gas turbine nozzles
  • SSD sleeve
  • Sand control screens
  • Nozzles for down hole cleanout tool
  • Subsea chemical stick injection tool
  • Sealing accessories
  • Perforated pup joints
  • Liner hanger spikes
  • Drill bits
  • Investment casting patterns
  • Fluid/water flow analysis
  • Turbo machinery
  • Jigs and fixtures
  • Rotors
  • Stators
  • Mud motor modules
  • Flow meter parts
  • Pressure gauge pieces
  • Control-valve components
  • Pump manifolds
  • Spare parts

The above facts and figures holds good for a certain reasons, so Explore Exhibitions and Conferences takes its pride to announce the first ever 3D printing conference in Saudi Arabia, which is slated not only to provide the opportunity for technology providers, but also helps in educating the industries such as agriculture, aerospace & defense, manufacturing, education, healthcare and automotive to the benefits of adapting AM technology with some real time case studies by our experts from all over the world.

Email: info@exploreexhibitions.com

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One thought on “Saudi Arabia to benefit by Accelerating & Adopting – AM/3D Printing technology for Oil & Energy

  • Ahmad Hamad

    July 18, 2019
    Where & when?

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