Plenary & Panel Sessions
Monday 15 February 2010
0900–1000 hours
Opening Ceremony
Welcome Address by
His Excellency Eng. Sameh Fahmy, Ministry of Petroleum, Egypt
Hassan Akl, Conference Chairman
Behrooz Fattahi, 2010 SPE President
1100–1230 hours
Executive Plenary Session: Energy Management in a Challenging Economy
Moderator: Dr. Hany Elsharkawi, President, Dana Gas Egypt
Plenary Speakers:
Abd El Aleem Taha, Chief Executive Officer, EGPC
Ahmad Atallah, Chairman, Shell Companies, Egypt
Chakib Sbiti, Executive Vice President, Schlumberger
Thomas E. Voytovich, Vice President and General Manager, Apache Egypt
1730–1900 hours
Panel Session 1: Emerging Industry Partnership Landscape
Moderators: Ahmed Aly, Associate Professor, American University of Cairo, and Steven Everhart, Associate Dean-School of Business, American University of Cairo
In this new world of economical challenges and tough oil and gas exploration and development (deep water, heavy oil, tight gas, shale gas, coal bed methane, etc), there is clear need for a new model for partnership across the oil and gas industry.
The old models that was developed over the early sixties (concession agreements, production sharing agreements, production service agreements, etc.) was adequate for the time of exploration phases and big oil field development and planned for two parties; one the national country as the resource holder and the second as the international oil companies bringing the capital, technology and the experts.
What we are seeing lately that the national companies are developing very quickly and they are trying to go outside of their countries, the international oil companies are getting more into the service industry and going after production services agreements (e.g.: Iraq, Saudi Arabia, etc), and the service companies are getting more into integrated project management although they are not getting into any equity stake. Also now we see deals with multi-parties; national oil companies, international oil companies, banks or financial institutions and service companies. If we add also the role of small independent oil and gas companies, we can for sure see that the stage is changing and it is ready for an upgrading of the current partnership model as a minimum or the emergence of a new wave of partnership models.
In this Panel, we would like to discuss three (3) key points:
- Review of the current partnerships (pros and cons)
- Challenges that are facing the current partnership model to handle what we are facing today (price volatility, financial situation, need for long term investment, new technology adoption, tough oil and gas exploration and development)
- Proposals or ideas for new partnership models
Panelists:
Hani Nasser, Vice Chairman, Agreements, GANOPE
Jalel Smaoui, Exploration Studies & Promotion Deputy Manager, ETAP
John MacArthur, Operations General Manager, Bapetco
Jose Carlos Vicente-Bravo, Managing Director - Business Development, Repsol
Tuesday 16 February 2010
0930–1100 hours
Panel Session 2: Learning from Economic Cycles- Industry Adapting
Moderators: Alvaro F. Racero, Regional Executive Director, Repsol; Ahmed Aly, Associate Professor, American University of Cairo
The term economic cycle refers to economy-wide fluctuations in the oil and gas business, production or economic activity over several months or years. Despite being termed cycles, most of these fluctuations in economic activity do not follow a mechanical or predictable periodic pattern. The economic activity has a direct correlation with energy, oil, demand, hence price. In our industry we got used to having those cycles and the challenge have we learnt from the previous ones to help us maneuver over the current and future cycles.
The impact of rapid oil price increases over the last two years and then the recent drop, as the 2008 one, has dragged along engineering and construction costs, unilateral contract revisions, and services upward and subsequently downward. This created a state of unbalance in the market and is resulting in delaying projects and a big state of uncertainty
Applying fit for purpose/economically savvy new technology, timing the projects, balancing dynamically the portfolios and technological efficiencies are the only defense mechanisms that the industry has to preserve value in a contraction scenario as the one ahead of us and we need to keep our site at the end of the tunnel and the big picture that the need of energy to fuel the world growth will always be there and we need to plan for it.
Panelists:
Behrooz Fattahi, SPE President
Jean-François Arrighi de Casanova, Vice President North Africa, Total
Wednesday 17 February 2010
0900–1030 hours
Panel Session 3: Deepwater E&P Challenges (Economic and Technology)
Moderator: John Hendrix, General Manager, APACHE
Deepwater continually presents new frontiers. By going deeper, improving recoveries and operation efficiency the prize is great. How do we stay the course in a cyclic price environment? What are the industry’s new priorities? When corporate leadership changes, so what will be the direction? What impact will this have on deepwater technology and prioritisation? What has already changed? How do we do in industry keep the prize in focus so we can stay to course?
Panelists:
Giambattista de Ghetto, Senior Vice President, ENI
Jack Nelson, President, Canadian Triton International
Jérôme WOIRIN, Deepsea R&D Projects Manager, Total
Kamel Bennaceur, Chief Economist, Schlumberger
Shamrendra Singh, Technical General Manager, Upstream Operating Assets, BG Egypt
1100 –1230 hours
Special Session: Deep Drilling Challenges
Session Chairs: Dr. Omar Abdelkarim, Libya NOC & Kamel Bennaceur, Schlumberger
Speakers:
Ahmed El Segini, Dana Gas Egypt;
Gary Kelso, BP
John Ruszka, Baker Hughes
Khaled Farouk, Reed Hycalog
Robert Gales, Weatherford
1245 –1415 hours
Panel Session 4: Gas Value Chain
Moderator: Kamel Bennaceur, Chief Economist, Schlumberger
Worldwide natural gas use is expected to grow by more than 50 percent by 2030, reflecting its environment advantages over other fossil fuel sources, and with much of the demand coming from the power generation sector. With large gas resources and its proximity to major demand centers, North Africa will play a key role for the security of supply. This panel session will share the view of major players in the natural gas value chain about the future direction of gas markets and discuss how:
- The gas business will respond to the current economic downturn.
- Development of LNG markets and evolving commercial models/international partnerships in the region
- Technology can help develop and produce natural gas resources with a CO2/H2S rich-content or from tight reservoirs
Panelists:
Ameria El Mazni, Assistant Vice Chairman for Projects & Planning, EGAS
Antonio Vella, Executive Vice President, ENI
Didier Holleaux, Senior Vice President E&P, GDF Suez
Taisir Anbar, Business Development, Egypt & Syria, Shell
Tracy Chambers, LNG Commercial Manager, LNG Operating Assets, BG Egypt
