Significant discoveries of oil and gas in Maghred, Maditerranean and the Middle East indicate that the regions will remain key market of global upstream industry
| By Maureen Chigbo | Apr. 15, 2013 @ 01:00 GMT
THE Maghreb, Mediterranean and MidEast oil, gas and energy landscape will remain the key market of the global upstream industry. This is because of its significant discoveries in oil exploration and production, acreage leasing, investment portfolio, hydrocarbon potential and joint venture interests. With oil prices and production still going up, North Africa and the Greater Middle East remain the anchor area in the world’s oil and energy markets and will continue to shape the dynamics of the global upstream industry.
The new discoveries and production developments, gas-LNG finds, state oil and gas policies and investment and expansion opportunities which are to be expected in the world’s richest hydrocarbon zones will be revealed during the 10th Maghreb, Mediterranean, MidEast Upstream Conference 2013. The conference will be hosted by Global Pacific & Partners on June 4 and 5, at the L’Hotel du Collectionneur Arc de Triomphe in Paris, France.
It brings together key government officials, national oil companies and corporate as well as industry players. They will focus on upstream oil and gas-LNG strategies, exploration and development across North Africa and the Greater Middle East, strategies of corporate, government and national oil companies and new players on the market. The program highlights presentations about future exploration potential in Morocco, Mauritania, Jordan, Pakistan, Tunisia, Lebanon and Libya.
Dexter Krol, New Business Development manager of Shell International E&P BV, said the conference would focus on sustainable growth. Roberto Pirani, chairman of White Stream Pipeline Company Ltd, talks about the southern corridor to provide gas supply diversification to the European Union.
Prior to the conference, the 10th MidEast-Mediterranean Strategy Briefing is held on June 3, with presentations by Duncan Clarke, chairman of Global Pacific & Partners. He will provide an in-depth examination of the upstream perspectives, oil and gas-LNG strategies in exploration and development. Also Clarke will evaluate in-depth, a range of critical near-to-long term perspectives now in play, and destined to reshape over fifteen key countries and the strategies of corporate, government and national oil companies, and new players. After the conference the 50th PetroAfricanus-PetroArabian Dinner takes place on the evening of June 4.