Gavin Thompson provides his view on the opportunities and challenges that Asia’s Oil & Gas sector faces in 2020, and what he is looking forward to most about the APAC Assembly.
Energean’s strategy has been to focus on its core competencies and competitive advantage. Regional focus in the Med, gas weighted portfolio of assets, combination of producing fields with new development projects and near field & infrastructure exploration
Our strategy remains focused on becoming the leading E&P focused on the Mediterranean region and this acquisition only serves to reinforce this strategy. As you will have seen, our Karish development project has continued to progress very well whilst we have been assessing this acquisition opportunity and we will pursue this same disciplined approach to the development projects that we are acquiring, namely Cassiopea in Italy and NEA in Egypt.
I firmly believe that true integration and collaboration between operators and service companies is one of the largest opportunities we have and one that is required to really improve productivity at lower costs.
Having moved from a construction to operations phase on two major LNG investments, Santos’ focus is on delivering every barrel as safely and efficiently as possible.
To operate efficiently in the current low price environment while looking for opportunities to grow.
KrisEnergy has put on stream two greenfield oil projects in 2015 in the Gulf of Thailand, one of those was our first as the operator, so this has been a big year in our evolution as a relatively young start-up company (2009).
To bring an Asset Based Finance solution for strategic PEMEX suppliers. This technology was applied in other countries where HSBC has presence. So far, financing are behaving adequately and help the companies to bring state of the art equipment.
The Mexican energy market has great needs in every area: E&P, liquid fuels, pipelines infrastructure, power generation, transmission, development of professionals, advisors, engineers, etc. It is a new area that can detonate a powerful change in the whole chain of activities.
The major short term focus for Ophir is progressing the Fortuna FLNG project to FID in mid-2016. Beyond that it is around making sure we are focused on delivering value growth from our assets.
I was born in an oil camp in North Dakota and my father was a Petroleum Engineer, so I was literally raised learning about the industry. I attended my first OTC when I was 13 years old.
In the current state of affairs, we simply can not do enough to promote the positive factors associated with our industry. I believe that we must continue to encourage discussions, at every level, that put Canada’s long term economic interests ahead of regional political interests.