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Implications for OPEC and Saudi Arabia? by Dr 02 Executive Summary 05 GIQ Industry Survey Golden Opportunities for Positive Disruption? 22 Power security? Get Creative 06 Ministerial Interview By Adam Sieminski, President, KAPSARC H.E. Khalid Al Falih, Minister of Energy, Industry & Mineral Resources, Kingdom of Saudi Arabia 24 Digital Excellence? Curate a New Culture By Michael Train, President, Emerson & 10 Leadership Insights Chairman, Emerson Automation Solutions How the 4th Industrial Revolution Toolbox can Propel the Saudi Vision 2030? 28 Energy Cybersecurity: Think Hackers Out of the Game By Ronnie Rahman, Director of Cyber Security, 14 CEO Insights Honeywell EMEA & APAC Digital Disruption & Integration of Downstream 4.0? 30 To Spur Saudi’s Innovative Spark – Collaborate 18 The Saudi Industrial Revolution 4.0 By Olof Arnman, General Manager, By Dr. Mohammed Al-Majed, Senior Advisor, Saudi Arabia & Bahrain, McDermott International Ministry of Energy, Industry & Mineral Resources, Kingdom of Saudi Arabia 32 Circular Economy: Why Should Energy Markets Care? By Mazin Albahkali, President & CEO, GE Power Services, 20 US Shale Revolution Part 2: Saudi Arabia & Bahrain Implications for OPEC and Saudi Arabia? By Dr. Anas Alhajji, Managing Partner, 36 List of participants Energy Outlook Advisors Insights brought to you by: Gulf Intelligence is a strategic communications and research firm effective across the full value-chain of the Middle East Energy Sector. We facilitate knowledge exchange and advance the business interests of national and international stakeholders operational in the regional industry. Gulf Intelligence’s wider selection of publications is available on www.thegulfintelligence.com Managing Partner Managing Editor Editor Director of Design email: Sean Evers Annette Montegiove Michelle Meineke Carl Bergman [email protected] The Saudi Saudi Arabia 4.0 4.0 Industrial Revolution EXECUTIVE SUMMARY TOP 10 RECOMMENDATIONS nergy security enables Our country is witnessing a giant These Top 10 Recommendations were harvested from the brainstorming sessions held civilizations to thrive, transformation, which requires doubling the E to push intellectual and with 350 stakeholders during the Gulf Intelligence Saudi Arabia Energy Forum: geographical boundaries. size and diversity of the national economy, including The Next Best Steps for Saudi Energy Sector to Leverage the 4th Industrial Revolution? The need for an unshakeable the mining sector, to meet the increasing global foundation of supply – of fossil fuels 1. One Size Does Not Fit All and increasingly, renewables – binds and domestic demand for energy through the Digital tools should be leveraged and positioned specifically us all. Therein lies the deep-rooted to suit business needs; this results in tangible added value relevance of the how the 4th Industrial development and diversification of the energy mix. and a sharpened competitive edge. Companies should acquire Revolution (4IR) is unfolding in one This includes traditional hydrocarbon sources, as well a full understanding of the 4IR to decide on their speed and of the world’s most successful and depth of adoption. influential energy economies: the as renewable energy sources and nuclear energy.” Kingdom of Saudi Arabia. H.E. KHALID AL FALIH 2. Achieve 100% Real-Time Visibility Data science. Mobile supercomputing. MINISTER OF ENERGY, INDUSTRY & MINERAL RESOURCES, KINGDOM OF SAUDI ARABIA This requires the installation of digital support sysems under Intelligent robots. Industrial Internet the umbrella of the 4IR to bolster immediate connectivity and Of Things (IIoT). Predictive Analytics. correctly, it will make the value chain and green financing, among many other clarity on all parts of the value chain. This leads to increased Self-driving cars. Electrification. All these much safer and more efficient, affordable efforts. This is an inspirational period safety, revenues, environmental efficiency and reputational are possible because of the 4IR; a digital and environmentally-friendly than ever for youngsters in the Middle East and value. Transparency pays – literally. overhaul that is reshaping the global – all invaluable features amid escalating North Africa (MENA), many of whom are 7. Talent Development: Ignore at Your Peril energy market and how we work within market pressures. For one, BP Outlook seeking job opportunities and modern 3. Market Forces Dictate Implementation The successful application of a digital toolbox requires continual it. Have no doubt: the transformation expects energy consumption in the career paths. The same applies to more Adoption of the 4IR is best done via commercial pressures, education. This encompasses coordination between academia, will be unlike anything humankind has Middle East alone will rise by 55% by experienced staff as this uncharted leaving public policy to focus on incentives that encourage government and industry on educating, training and developing experienced. For nearly half a century, 2040. Adapting and thriving amid this territory enables them to flex their the growth of new industries and small and medium-sized a multidisciplinary, curious and digitally fluent workforce. There since the 1970s and in alignment with overhaul will not happen automatically. wisdom and knowledge, garnered over enterprises (SMEs). Following this dual structure creates is no finish line to our ability to learn and adapt. Moore’s law, computer power has Hard but rewarding graft lies ahead. decades. sustainable market growth, including coveted higher value doubled every year. This means more jobs. 8. Increase Advisory Centers and Digital Platforms data has been generated over the past Game changers Saudi Arabia pioneered its way to Such establishments and platforms can showcase, advise on two years than in all previous recorded This is especially pertinent as the 4IR the top of the global energy league 4. Invest in Cybersecurity and lease the application of latest technologies available in the history. At this staggering rate of positive coincides with the greatest paradigm table throughout the 20th century, Digital protection cannot be overlooked; companies must kingdom. This is especially valuable for SMEs, which typically disruption, one fact is clear: slow movers shift in the energy markets for more reaffirming its pole position ever always be one step ahead of cyberhackers. Companies must operate on tight budgets. will be left behind. than a century: the energy transition since. The question marks that lie carefully consider how much enhanced external connectivity Energy markets must be agile, creative towards a lower-carbon world. As per ahead abound; many successful is absolutely required and try and limit unnecessary exposure. 9. Bolster Cross Border Collaboration and collaborative. Cornerstones of the ambitious and much-needed Paris energy entities are understandably Energy markets are becoming increasingly interconnected and society in Saudi Arabia and beyond – Agreement, Saudi Arabia and other left scratching their heads over 5. Standardization Matters: Spur Application Saudi Arabia lies around the heart of these supply-demand government, industry, academia and governments in the Middle East have the how to merge fossil fuels and The greater the uptake of the 4IR, the greater the need for flows. Deeper collaboration across the Gulf and wider Middle the public – must work together to bolstered their environmental agendas renewables affordably and efficiently. standardized systems and criteria. This ensures all entities East would be a win for the region as it seeks to improve energy leverage this digital gold dust. If managed to promote renewables, energy efficiency But as highlighted in this Special along the value chain are on the same page and most security while reducing reliance on international imports. Report, Saudi Arabia has already taken importantly, it safeguards operational and public safety. innovative strides towards a larger yet 10. Inspire a Culture of Innovation th environmentally sustainable energy 6. Implement Smart Meter Data At Power Utilities Smarts and creativity are required in equal measure to be a Definition: 4 Industrial Revolution market. As we near the 2020s, the Maximizing efficiencies and managing consumption and digital leader, especially in the energy transition. An ability to It is a new chapter in human development, enabled by extraordinary technology advances that kingdom’s pace will only accelerate, production requires a consistent and accurate feed of innovate – the commercialization of novel ideas – requires a commensurate with those of the first, second and third industrial revolutions. These advances carving out an entirely new roadmap are merging the physical, digital and biological worlds in ways that create both huge promise information. Therein lies the value of smart meter data and supportive ecosystem. This encompasses promoting critical that can act as a beacon to other and potential peril. The speed, breadth and depth of this revolution is forcing us to rethink how a digitalized and decentralized electricity sector, which more thinking in education to improving financial channels for SMEs countries still finding their way. countries develop, how organizations create value and even what it means to be human. accurately marries demand with supply and also increases and entrepreneurs. Today’s students and employees must evolve World Economic Forum (WEF) Watch this space. customer choice. into tomorrow’s energy champions. 2 Special Report Thegulfintelligence.com 3
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