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.
When an industry is in its nascent stages, there are development opportunities at every stage. Ultimately, I envision the INPG as a veritable hub for the MSGBC basin — a regional entry point for companies and potential partners.
The MSGBC Basin is a relatively green-field space and being at the early stage of development there is tremendous potential to build meaningful multi-decade production hubs.
Mark Hume, Director and Portfolio Manager, covers the energy sector and co-manages the Natural Resources team’s all-cap energy funds, including the BGF World Energy Fund.
The UKCS has undergone substantial change and is now enjoying a period of increased production, production efficiency and lower costs.
I have loads left on my bucket list, including visiting Antarctica, seeing gorillas in the jungle and polar bears in the arctic
The recent downturn has once again highlighted the importance of the contractor and supplier community in helping Producers to develop safe solutions at the lowest cost.
The industry needs to work together and identify a practical and sustainable solution to attract, retain, and grow workforces that will be needed to run operations.