21 July 2017

How did you come to be in the oil and gas industry?

I was student hunted by an IOC in 1981 and joined oil and gas ever since.

Aside from low commodity prices what do you believe is the greatest challenge to our industry’s future growth?

Making our products more energy efficient and less environmentally harmful

Finding technology to reduce costs of finding, developing, producing and transporting hydrocarbons

Where do you see the greatest opportunity in today’s global oil and gas markets and how are you positioned to capture this opportunity?

The growing energy demand in China, India and Indonesia

Finding strategic partners to capture the growing markets

If you could wave a magic wand over our industry, what would you change and why?

Better product sale prices, to allow a profitable EP business to grow supply capacity.

What are the strategic priorities for your company in the next 12 months?

Reduce operating costs, optimize economic production and balanced capital investments.

How would you describe your company in one sentence to a new client/partner/investor?

We are a growing international EP company that shall continuously seeking strategic partners to participate in EP opportunities in a global scale.

What is your goal in attending this event and what takeaways would you like other attendees to go home with regarding your company and your work both in Asia and further afield?

To interact with industrial players on latest information on opportunities and challenges in EP landscape.

What is your proudest work-related achievement to date?

To transfer knowledge platform on EP management experiences to a China SOE.

What advice would you pass onto a recent graduate wishing to work in oil & gas?

Oil and gas industry is an exciting career in which you can turn your academic theories into work and business practices. Oil and gas reserves shall last a few more generations and you can contribute to future improvements in making oil and gas products more energy efficient and less environmentally harmful.

How do you prefer to spend your spare time?

Travel and see the world.

What’s your favourite holiday destination?

Places I have not covered.

About Peng Ciming

Mr. Peng Ciming graduated in Computation and Economics in University of Manchester, U.K. in 1981.  He joined Shell Malaysia Exploration and Production and became an Petroleum Engineer specializing in Reservoir Engineering and Petroleum Economics.  He spent 3 years in Shell Headquarter in The Hague as Reservoir Engineering Consultant between 1993 and 1996 and returned to Malaysia to become Head of Planning, Technology and Capability before becoming General Manager Human Resources in Shell Malaysia in 2003.  In 2004, He was made the Regional Manager for Shell Asia Pacific on HR Resourcing and Talent Development.  In 2007, Stephen has assumed General Manager, Non Operated Ventures in Shell Asia Pacific.  Stephen left Shell in 2010 and became Deputy CEO in PetroAsian Energy in Hong Kong, responsible for new business development.  Stephen joined Sinopec International and hold the position since, as Chief Expert, Business Strategy and Planning in 2014.