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OTC 23658

Global Energy Outlook: Changing Patterns


Gamal Hassan, OTC & Baker Hughes; Ahmed Hashmi, BP; Farouk Al Zanki, Kuwait Petroleum Corporation;
Jos Gabrielli de Azevedo, Petrobras; Sergio Martnez de Castro, Mexico Government; David Eyton, BP;
Matthias Bichsel, Shell; Ali Moshiri, Chevron; Derek Mathieson, Baker Hughes

Copyright 2012, Offshore Technology Conference


This paper was prepared for presentation at the Offshore Technology Conference held in Houston, Texas, USA, 30 April3 May 2012.
This paper was selected for presentation by an OTC program committee following review of information contained in an abstract submitted by the author(s). Contents of the paper have not been
reviewed by the Offshore Technology Conference and are subject to correction by the author(s). The material does not necessarily reflect any position of the Offshore Technology Conference, its
officers, or members. Electronic reproduction, distribution, or storage of any part of this paper without the written consent of the Offshore Technology Conference is prohibited. Permission to
reproduce in print is restricted to an abstract of not more than 300 words; illustrations may not be copied. The abstract must contain conspicuous acknowledgment of OTC copyright.

Abstract
It is now widely recognized that the world has sufficient oil and gas resources to satisfy future demand. However,
there are also acknowledged uncertainties in the provision of this supply to meet future energy needs as investors
face several risks, in an industry with long lead times and long pay-back periods. The ongoing impacts of financial
turmoil and economic downturn, the changing structure of world energy markets, and developments in policies and
technologies all directly affect energy supply and demand.
In addition, the emergence of oil as an asset class has transformed the oil market, which is now far more exposed to
the broader financial markets. As a result, the oil market has experienced greater volatility and the price of crude has
been impacted by a growing number of factors that are not directly related to supply and demand fundamentals.
This panel will debate key issues affecting today's fast-changing global energy industry. It will examine the
challenges and opportunities facing the petroleum sector, and seek to identify potential 'game-changers' in
technologies and public policy.
The panle will address:
Global trends
What are the global trends that will drive the worlds economies and energy demand over the next 20-30
years?
What structural shifts have taken place in energy demand (global as well as regional) and energy supply
patterns over the past few years?
Role of Oil and Gas
How do oil and gas investments interact with developments in the world economy lessons learned from
the recent economic and financial crises and the impact of the global business cycles?
What is the role of oil and gas in meeting future energy demand?
Role of Technology
What are the most promising technology innovations on the horizon for the oil and gas industry?
What are the most disruptive technology innovations that could affect future demand for oil and gas? What
is their time frame?
Role of Policy
What are the examples where policy has been successful or unsuccessful? What can we learn from these
examples?

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Are energy efficiency and supply policies meeting their intended objectives or creating inefficient
allocation of capital? How can these be improved?
What will it take to provide more universal access to energy to billions of the worlds poor. (according to
IEA estimates, roughly 20 percent of the global population lives without electricity and 40 percent of the
population has no access to clean cooking facilities)

Business Models
What new commercial value chains (or partnership models) are forming to connect resources to markets?
What other structural adjustments (in different regions) are likely to take shape over the next twenty years?
How are different sectors of the energy industry positioning themselves to address the trends in energy
demand?
Are any structural changes likely to be required in order to deliver energy efficiently to the world?

Moderators:
Gamal A Hassan, Vice Chair of the OTC Program Committee & Global Director of
National Oil Compnies, Baker Hughes
Gamal Hassan is currently the Director of National Oil Companies at Baker Hughes. He
began his career in 1990 and joined Baker Hughes in 2001. Throughout the proceeding 22
years, he progressed through a variety of technical and management positions in the industry
and academia both in the United States of America and internationally.
Prior to this position, he was corporate business development manager, Strategy Technology
Manger, R&D Manager, and Senior Engineer at Baker Hughes.
Hassan has also worked with Corning, Harbor Branch Ocean Graphic Institute, Florida
Institute of Technology, 6th October University, Tanta University, Cairo University, and
Arab Authority of Manufacturing.
Hassans professional affiliations include being the Vice Chair of the Offshore Technology
Conference Program Committee, Brazil Offshore Technology Conference Program
Committee, the US-China Oil and Gas Forum steering committee, the US -Brazil Oil and
Gas Forum steering committee, US-UAE Relation Committee, and the Chair of IEEE/OES
Houston Chapter. He has several patents, publications and has received many national and
international awards.

Ahmed Hashmi, Vice President Strategy & Technology Management, BP

Ahmed Hashmi is responsible for technology strategy & portfolio management in BPs
Exploration and Production segment.
He began his career with Amoco in 1983. Since then he has held various technical,
commercial and leadership positions across Amoco and BPs global operations in the US,
Europe, Africa, Latin America and the Arabian Gulf.
He holds an undergraduate degree in mathematics and physics, MS in Computer Science and
MBA in finance.

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Panelists:
Farouq Hussain Al-Zanki, Deputy Chairman of the board of Directors, and Chief
Executive Officer, Kuwait Petroleum Corporation (KPC)
Mr. Farouq Hussain Al-Zanki is the Deputy Chairman of the board of Directors, and Chief
Executive Officer of Kuwait Petroleum Corporation (KPC) and prior to his current
assignment; he served as the Chairman of Kuwait Oil Company (KOC).
From 1999 to 2001, he served as the Deputy Chairman and Executive Assistant to the
Managing Director, Exploration and Development of Kuwait Oil Company (KOC).
From 1995 1999 he served as the Manager, Exploration and Development Group
(KOC), from 1995 1999 he served as the Manager, Planning Group (KOC), from 1991
1997, he served as the General Superintendent, Reservoirs Department (KOC), 1991
1997, and from 1986 1991 he was Superintendent, Reservoir Engineering Section West
Kuwait and Wafra (KOC).
Mr. Al-Zanki has Bachelor Degree in Petroleum Engineering, Oklahoma University, USA,
1976, and Master Degree in Petroleum Engineering, Oklahoma University, USA, 1980.
Work Experienceits global oil and gas exploration and production business.

Jos Sergio Gabrielli de Azevedo; Chief Executive Officer, Petrobras


J.S. Gabrielli de AzevedoMr. Gabrielli took office in July 2005 as the Chief Executive
Officer of Petrobras. As the companys CEO, he also holds a seat in the board of directors
of Petrobras and Petrobras Distribuidora BR. He is Chairman in the boards of directors of
Petrobras Transporte S.A. TRANSPETRO, Petrobras Qumica S.A. PETROQUISA and
Petrobras Gs S.A. GASPETRO. He is also a member of the board of directors of
Petrobras Biocombustvel S.A. PBIO. Mr. Gabrielli served as Chief Financial Officer and
Chief Investor Relations Officer of Petrobras, from February 2003 to July 2005. Since 2006,
he has been a member of the UN Global Compact Board. During the period 2009 - 2010, he
served as the Energy Community Leader of the World Economic Forum. During his tenure
at Petrobras, he has been distinguished with top business executive awards, such as 2011
Petroleum Executive of the Year, by the Energy Intelligence; 2010 Executive of the Year,
by the World Oil Companies Congress; 2009 and 2010 Worlds Best CEOs by
BARRONs Awards; 2009 Person of the Year, by the Brazilian-American Chamber of
Commerce; 2007 Energy Executive of the Year, by Petroleum Economist Awards;During
his tenure at Petrobras, he has been distinguished with top business executive awards, such
as 2011 Petroleum Executive of the Year, by the Energy Intelligence; 2010 Executive of the
Year, by the World Oil Companies Congress;
2009 and 2010 Worlds Best CEOs by BARRONs Awards; 2009 Person of the Year, by the Brazilian-American Chamber
of Commerce; 2007 Energy Executive of the Year, by Petroleum Economist Awards; 2005 Best Finance Executive in Latin
America, by International Stevie Business Awards; and 2004 Finance Executive of the Year by the Instituto Brasileiro de
Executivos de Finanas IBEF (Brazilian Institute of Finance Executives). Mr. Gabrielli is full professor of Macroeconomics
on leave from the Universidade Federal da Bahia UFBA (Federal University of Bahia). He was born in Salvador (Bahia),
and holds a PhD in Economics from Boston University.

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Mr. Sergio Manuel Alcocer Martnez de Castro; Mexico Undersecratry of Enrgy for
Planning and Development
Sergio Alcocer is a Civil Engineer from the Engineering School of the
Universidad Nacional Autonoma de Mexico and a Ph.D. in engineering from the
University of Texas at Austin. He is a National Researcher since 1994. He was
Director of the Engineering Institute of the Universidad Nacional Autonoma de
Mexico (UNAM) and Research Director at the National Center for Disaster
Prevention. Secretary General of the UNAM from November 2008 to April
2011 and currently Undersecretary of Energy Planning and Technological
Development in the Ministry of Energy. Hes president of the Reviewing
Committee of the Complementary Technical Norms Applicable to the Design
and Construction of Masonry Structures belonging to the construction code in
Mexico City and is member various technical committees of the American
Concrete Institute.
S. Alcocer was president of the Mexican Society of Structural Engineering and
of the National Agency for Standardization and Certification of Construction
and Building. He is a member of the Mexican Academies of Engineering and
Science and counselor of the ICA Foundation.
Mr. Alcocer received a Mention of Distinction from the Universidad Nacional Autonoma de Mexico for young members of
academia in the area of Technological Innovation and Industrial Design. Also in this year, he received the 2001 Research
Award from the Academia Mexicana de Ciencias in the area of Technological Research. In 2007 he received the Award of
Housing Structural Engineering Mexican Society of Structural Engineering.

David Eyton, Group Head of Research & Technology, BP


As Group Head of Technology, David Eyton is accountable for technology strategy and its
implementation across BP and conducting research and development in areas of corporate
renewal. In this role, David oversees the technological capability of the company and also
sits on the UK Energy Technologies Institute and ScienceBusiness Innovation Boards.
Prior to this, David was BPs Exploration and Production (E&P) Group Vice President for
Technology. In this role David was responsible for Research and Development, Technical
Service Work, Digital and Communications Technology and Procurement and Supply
Chain Management for BPs Upstream business. David also managed the Westlake
Campus in Houston and led the development of a new approach to Petrotechnical
Learning in E&P. David joined BP in 1982 from Cambridge University with an
Engineering degree. During his early career, he held a number of Petroleum Engineering,
Commercial and Business Management positions. In 1996, he was named General
Manager of BPs North West Shelf interest in Australia.
David later managed Wytch Farm in the UK and then BPs Gas Businesses in Trinidad. In September 2001, he became Lord
John Brownes Executive Assistant in the companys London headquarters. Following that assignment, David was Vice
President of Deepwater Developments in the Gulf of Mexico.
Davids leisure interests include skiing, clay pigeon shooting, golf, tennis, singing and ornithology. David and his wife,
Carolyn, have three children, James, Kathryn and Edward

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Matthias Bichsel, Executive Committee Member and Director of Projects & Technology
of Shell
Matthias Bichsel was appointed Member of the Executive Committee of Royal Dutch Shell plc
and Director of Projects and Technology as of 1 July 2009. This role combines major project
delivery, technical services and technology development and deployment in Shell. In addition,
he has oversight of Shells safety and environmental performance.
He was born in 1954 in Switzerland and joined Shell in 1980 after obtaining a Doctorate in
Geology from University of Basel, Switzerland.
Matthias Bichsel has worked for Shell companies and affiliates in Bangladesh, Oman, Canada,
Indonesia, the US and the Netherlands. In 1995, he was selected as director of Petroleum
Development Oman looking after exploration and deep oil field developments.
In 1999, he transferred to Houston as managing director of Shell Deepwater Services involved
in all aspects of Deep-water exploration and development on a global scale. From 2002 to
2006, he managed as Executive Vice President Shells global exploration activities and
performance.
From 2006 until mid 2009, he was Executive Vice President -Technical, for Shell Exploration and Production. He is a
member of the American Association of Petroleum Geologists and theSociety of Petroleum Engineers, where he currently is
Member of the Industry Advisory Council.

Ali Moshiri, President of Chevron, Africa and Latin America Exploration and Production
Ali Moshiri is president, Chevron Africa and Latin America Exploration and Production
Company, a newly formed organization based in Houston, Texas. He is responsible for
upstream operations in Africa and Latin America.
After graduating from the University of Tulsa with a bachelors and a masters degree in
petroleum engineering, in 1976 and 1978, respectively, he joined Chevron as a reservoir
engineer and later as a drilling engineer. In 1983, he became senior production engineer with
supervisory responsibilities in the Gulf of Mexico.
From 1983 to 1987, he served as supervisor of Reservoir and Facilities Engineering for
Chevron Energy Technology Company in Houston, with responsibilities supporting upstream
activities. In 1987, Moshiri joined Chevron Overseas Petroleum in the United Kingdom as
manager of Technical Applications for exploration and production activities in the North Sea.
In 1991 he became supervisor of Petroleum Engineering for Chevron Overseas Company, with
responsibilities for petroleum engineering activities in international operations.
Between 1992 and 1997, he held a variety of positions of increasing responsibility as manager of Petroleum and Facilities
Engineering operations, including worldwide operational support, new opportunity assessment and operational feasibility, as
well as support for petroleum and capital projects and with exiting operations.
Moshiri was named general manager of Strategic Planning and Assets Evaluation for Chevron Overseas in 1997 with
responsibilities over 10 international strategic business units, including mergers,acquisitions, and new business development.
In 2000, he assumed the position of general manager and advisor to the vice chairman of the Board for Chevron Corporation
Exploration and Production.
In October 2001, Moshiri was appointed managing director of Chevron Latin America Exploration and Production, where he
was responsible for upstream operations in Argentina, Brazil, Colombia, Trinidad, Mexico and Venezuela.
Moshiri has been the chairman of the Venezuelan Association of Hydrocarbons and is a board member of the Council of the
Americas, the Institute of the Americas and the Pan-American Development Foundation and the Trust of the Americas,
Organization of American States. He is married to Maria Luisa (Misi) Breisacher-Moshiri.

Derek Mathieson, President, Western Hemisphere, Baker Hughes


Derek Mathieson is President, Western Hemisphere Operations of Baker Hughes Incorporated.
Mathieson previously served as Baker Hughes President of Products and Technology for two years
and as the companys Chief Technology and Marketing Officer for a year after joining Baker
Hughes in 2008 from WellDynamics, Inc., where he most recently held the position as Chief
Executive Officer. Previously he worked for Shell UK Exploration & Production and for Wood
Group in the United Kingdom. Mr. Mathieson holds a Ph.D. in micro electro-mechanical systems
and a bachelors degree in electrical and electronic engineering both from Heriot-Watt University
in Edinburgh, Scotland. He is a chartered engineer with the United Kingdom Engineering Council
and a member of the Institute of Engineering and Technology and the Society of Petroleum
Engineers.