Latin America has rightly been identified as a region that has tremendous potential. There are many basins which have been underexplored and contain large potential conventional prizes to be claimed.
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A genuine effort of identification of possible candidates throughout the region to be accompanied by operators to become visible examples for others to follow and compete with. In my view, this is the only sustainable impact, which can continue beyond extractive industry limited activities period.
In the past year Woodside Energy has completed capacity training for the Ministry of Environment and Sustainable Development; submitted their Evaluation Report with their Exploitations Plan to be submitted to the Government shortly; substantially progressed their Environment and Social Impact Assessment; and technically matured their project in anticipation of front-end engineering and design entry by the end of the year.
Though oil and gas discoveries took place recently in the MSGBC basin, it is still an under-explored basin. Current exploration activities target deep offshore plays which is of the domain in which Total is recognized as a leader by the industry.
The best performing companies of tomorrow will embrace digitalization. Gartner predicts AI will create 2.3 million jobs by 2020.
WECA is a truly unique gathering of global industry leaders and decision makers. It’s a really exciting time for the industry – which is currently faced with the opportunity to reinvent itself and re-gain the confidence it has lost over the past few years, so I’m looking forward to hearing industry views on this and how this will be achieved.
My goals for 2019 are simple – we want to continue doing what we have been doing and continue to improve upon our process along the way.
At just 22%, women account for a smaller share of the oil and gas workforce than they do in almost any other sector. So, while the situation has improved over the past decade there remains a very long way to go and I’m passionate about creating a truly diverse workforce in our industry.
Energean has grown from £1m, which was the price we paid to acquire Prinos, to a £1bn company in 10 years to be the third largest FTSE 250 E&P company. I think that there are a number of factors that have really been key to enabling this to happen.
DEA, after having been separated from RWE and sold to L1Energy in 2015, has become a lean company with a real entrepreneurial competence combined with their distinctive technological expertise. Focus is now really on efficiency and value creation.