Reuters reported that up 86% of participants in a recent poll said that oil and gas the industry will be able to meet estimates for increased global energy consumption 10 years from now.

The survey at the ongoing 20th World Petroleum Congress in Doha showed that the remaining 14% did not agree that the industry will be able to sustain the demands.

The Industry Snapshot Poll was conducted by global independent technical advisor GL Noble Denton on the first day of the World Petroleum Congress, which is expected to attract 12,000 industry professionals from across the world. The poll was also completed online by senior professionals from across the industry.

Mr Pekka Paasivaara member of the GL Executive Board said that “The result of this poll shows the sector’s confidence in its ability to meet the challenges of the growing global demand for energy. While oil and gas reserves are still plentiful, the mounting technological challenges of accessing these resources in harsher environments have been an area of concern for some sector professionals. Despite this, it is encouraging to see that confidence in the industry’s ability to secure future supply safely, efficiently and sustainably remains high.”

GL Noble Denton is conducting three Industry Snapshot Polls this week, one for each full day of World Petroleum Congress. Delegates are also being asked to have their say on whether the oil and gas industry is doing enough to encourage future generations to join the sector and on the long term potential of unconventional gas as a solution to the world’s requirements.

(Sourced from Reuters)