0
Oil & Money Conference
13-14 November 2012 1
Impacts
of Unconventional Oil & Gas
on IOC-NOC Relationships
Nasser Al-Jaidah...
Oil & Money Conference
13-14 November 2012 22
A Well-Established Bottom Line
Global gas demand growth outlook is strong – ...
Oil & Money Conference
13-14 November 2012 33
Shift To Unconventional Resources
NOCs
Increased share of global hydrocarbon...
Oil & Money Conference
13-14 November 2012 44
Expertise of IOCs, Independents
in Unconventional Oil & Gas
International oi...
Oil & Money Conference
13-14 November 2012 55
Independents and Service Companies early entrants in
unconventional gas
Tigh...
Oil & Money Conference
13-14 November 2012 66
What NOCs Offer
NOCs:
Financial capacity required for unconventional
Infrast...
Oil & Money Conference
13-14 November 2012 77
Competitive Advantages of IOCs
Project and risk management, in addition to t...
IOC/NOC Cooperation in
Unconventional – Mutual Benefits
How do IOCs benefit?
Access to low cost capital
Access to low cost...
Oil & Money Conference
13-14 November 2012 99
Unconventional – NOC Opportunity
The prospect of new large scale resource ma...
Oil & Money Conference
13-14 November 2012 1010
To Sum up
Unconventional resource development will play an
increasing role...
Oil & Money Conference
13-14 November 2012 11
Thank You !
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Impacts of Unconventional Oil & Gas on IOC and NOC Relationships presented at Oil & Money 2012 by Nasser Al-Jaidah

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At the 2012 Oil & Money Conference, energy experts heard from Qatar Petroleum International's CEO, Nasser Al-Jaidah discuss his opinions on the impacts of unconventional oil and gas on IOCs and NOCs relationships.

This presentation explores how unconventional oil and gas can have an impact on IOCs and NOCs as well as the benefits to these relationships.

Published in: Business, Economy & Finance
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Transcript of "Impacts of Unconventional Oil & Gas on IOC and NOC Relationships presented at Oil & Money 2012 by Nasser Al-Jaidah"

  1. 1. Oil & Money Conference 13-14 November 2012 1 Impacts of Unconventional Oil & Gas on IOC-NOC Relationships Nasser Al-Jaidah CEO Qatar Petroleum International (QPI)
  2. 2. Oil & Money Conference 13-14 November 2012 22 A Well-Established Bottom Line Global gas demand growth outlook is strong – some estimate ~ 40% growth by 2025 Developing country population growth and energy intensity leading this growth New resources needed, and IOC/NOC in unconventional is a mutually beneficial source
  3. 3. Oil & Money Conference 13-14 November 2012 33 Shift To Unconventional Resources NOCs Increased share of global hydrocarbon portfolio Historically produced from upper portion of resource triangle with less complexity and lower cost Need to move to more complex resources like unconventional over time, but limited NOC experience
  4. 4. Oil & Money Conference 13-14 November 2012 44 Expertise of IOCs, Independents in Unconventional Oil & Gas International oil companies (IOCs) and independents have experience in finding and exploiting unconventional resources This IOC experience positions them well for cooperation with NOCs in unconventional oil, with mutual benefit, including continuing their historical role as technology transfer leaders
  5. 5. Oil & Money Conference 13-14 November 2012 55 Independents and Service Companies early entrants in unconventional gas Tight gas, shale gas, and coal-bed methane These Service Companies helped to develop technologies needed to exploit unconventional (eg. Drilling, fracturing techniques) IOCs have a decade or more of investment experience in tight/shale gas, esp in the US
  6. 6. Oil & Money Conference 13-14 November 2012 66 What NOCs Offer NOCs: Financial capacity required for unconventional Infrastructure (eg shipping, delivery point access) needed to optimize returns and growth Market access to optimize delivery sources and demand points for consumer and NOC/IOC benefit - arbitrage
  7. 7. Oil & Money Conference 13-14 November 2012 77 Competitive Advantages of IOCs Project and risk management, in addition to technology and know how Application of disciplined approach to optimize design, procurement and construction – spend for the right reasons at the right time Strong ability to define and match new products to meet demands of specific markets
  8. 8. IOC/NOC Cooperation in Unconventional – Mutual Benefits How do IOCs benefit? Access to low cost capital Access to low cost infrastructure and synergies Enhanced market access How do NOCs benefit? Access to technology Access to IOC learning curve effects Value generation through optional supply sources and growth Oil & Money Conference 13-14 November 2012 88 Ultimately, markets benefit through effective and economically sustainable sources of supply to meet global demand.
  9. 9. Oil & Money Conference 13-14 November 2012 99 Unconventional – NOC Opportunity The prospect of new large scale resource may be perceived as a potential threat Combine effective partnership with IOCs, and disciplined investment turns unconventional into an NOC opportunity Qatar uniquely positioned to contribute and participate in this IOC/NOC partnership in unconventional oil and gas Capital, shipping/infrastructure, market arbitrage, and historical partnership/commitment focus
  10. 10. Oil & Money Conference 13-14 November 2012 1010 To Sum up Unconventional resource development will play an increasing role in meeting global energy demand NOCs should embrace the challenges and opportunities associated with the exploitation of promising unconventional resources Massive infrastructure challenge, and NOC/IOC partnership is a natural and effective method to meet this challenge
  11. 11. Oil & Money Conference 13-14 November 2012 11 Thank You !
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