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Leadership—inspiring others to do the
right things for the right reasons and collectively achieving greatness!
We recognize it in elected officials, within our religious institutions,
and within our own family units. In businesses without strong leadership,
financial success is hardly obtainable, much less sustainable.
According to ExxonMobil, world energy demand will be 335 mmboe/day
in 2030, up from 220 mmboe/day currently. One-half of this growth
will come from countries in the Asia Pacific region, where today
more than 1 billion people go hungry. Will our industry be capable
of ensuring an adequate supply of energy, at a price that is economically
acceptable, to support continued development? Will industry have
access to potential reserves? Will appropriate technologies be available
to develop these reserves in an environmentally friendly manner?
With this growth in consumption, will CO2 levels continue to increase?
To what extent can we halt the increase in greenhouse gas emissions
caused by rising consumption? Or even reduce them?
This session features a diverse cross section of our industry’s
leaders discussing these challenges
and the strategies necessary to create a sustainable future. Delivering
light, heat and mobility to the world’s six billion people
in a cost-effective, safe and environmentally friendly manner is
the challenge.
This session covers how operators and contractors collaborate and
partner on financial and technical aspects to develop deepwater and
ultra-deepwater fields. The underlying objective of the collaboration
is that the risk is shared, while operators and contractors concentrate
on their core business. The following issues will be discussed:
- Inherent risks and uncertainties in the field development process
- Ownership of deepwater hub platforms and pipeline infrastructure
- Leasing and operating vs. ownership of FPSO
- Subsea tiebacks and supply chain management
- Ownership and implementation of technology
Digital Energy – defined as the convergence of “Energy,” “Communications
systems” and “IT” is starting to pay some dividends
through reduced operating costs, higher productivity, safer operations
and increased production and reserve growth. In fact, it is starting
to deliver some of the promise of what was once sold as automation,
Business Process Re-engineering, continuous Improvement, Management
of Change, etc. End to end connectivity, from down hole in the
reservoir to the sales meter, with integration on into the financial
reporting systems, has been envisioned for years. Value is being
found both in incremental solutions as well as in fully integrated
approaches. This session will present case studies and assessments
performed by the industry’s leading operators, service companies,
and consultants covering topics such as:
- value creation, through both cost cutting and rate and reserve
growth
- data integration, management and access, and standardization
- real-time, remote field monitoring and control
- workflow processes and decision analysis and support
- how to overcome barriers to commercialization
Delivering light, heat and mobility to the world’s six billion
people in a cost-effective, safe and environmentally friendly manner
is the challenge—and Digital Energy solutions will be a huge
part of the answer.
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Chief Executive Officer
Energy Valley, Inc.
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President and Chief Executive Officer
Petrotechnical Open Standards Consortium (POSC)
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Chief Technology Officer
Weatherford
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Chief Executive Officer
Vetco International
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Chief Information Officer
Shell
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Vice President, Upstream Technical Computing, ExxonMobil
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President
Schlumberger Information Solutions
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Senior Advisor, Integrated Subsurface Work Processes
Statoil
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This panel debates issues that may lead to different reserves estimates
for different purposes including regulatory reporting and the best
way to achieve consistency in reporting mechanisms. The focus is
on the offshore arena, where continually improving technologies such
as 3D seismic, deepwater drilling, and formation evaluation procedures,
can provide improved estimates but are not necessarily recognized
by regulatory authorities as indicators of "reasonable certainty," a
term used since 1964 to describe proved reserves. Additionally, the
panel discusses the rapidly changing stance taken by different regulatory
authorities in reporting reserves in the midst of the increasingly
global nature of the industry. They also debate solutions to reporting
mechanism problems that generate consistency and at the same time
can be used as a useful parameter in assessing a company's value
without compromising confidentiality.
Relentless cost cutting through mergers, staff reductions, outsourcing,
and other strategies was certainly the hallmark of the late 1990s
and early 21st century. Included in these various rounds of profit
improvement activities were drastic cuts in operating company research
and technology development.
Additionally, the operating companies further pushed many of the
remaining R&D activities to the service sector where budgets
continued to shrink. The recent “rising tide” of product
prices has continued to “lift all (operating company) ships” from
a financial return perspective. As prices seem to stabilize at this
higher plateau, there is renewed discussion regarding the role new
technologies could play in reserve/production growth. So, will technology
make a comeback in the energy sector? Who will provide the seed and
growth funding? Which business models for technology growth will
be successful? What roles do entrepreneurs and startup companies
play? Subsea, horizontal drilling, and 3D seismic technologies are
yielding results today from investments made nearly 2 decades ago.
Where should companies be investing today, and how can the commercialization
time to market cycle be collapsed? Leading experts will address these
questions and others that will impact our industry for years to come.
Outsourcing is becoming more and more prevalent across most industries
and has particular relevance for the energy industry. This session
will explore the past, present and future of outsourcing in the energy
industry with case histories that will highlight the particular challenges
and complexities involved in navigating the waters of outsourcing.
A panel of industry leaders representing the super majors, national
oil companies and global outsourcing service providers together with
noted authors and thought leaders on outsourcing will take you through
the processes, lessons learned and value propositions.
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Chief Executive Officer
Energy Valley, Inc.
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Partner
Accenture
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Director of Investments
TNK-BP
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Director of Entrepreneurial Programs, Ira A. Fulton School
of Engineering
Arizona State University
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Vice President, Energy Services
Accenture
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Executive Manager for Corporate Gas and Energy and Member
of the Office of Chief Executive Officer
Petrobras
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Chairman and Chief Executive Officer
Network International, Inc.
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Deputy Assistant Secretary, Oil and Natural Gas
US Department of Energy
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