Oil and Gas Presentation - Azeemeh Zaheer

Oil & Gas Brief UKTI US Network Conference 2008

Presented by:

Azeemeh Zaheer

Vice Consul - Oil & Gas

1000 Louisiana, Suite 1900

Houston, Texas 77002

OPEC Natural Disasters Refinery Outages Economic Growth Availability of Resources National Oil Companies Political Issues PRICE OF OIL Speculators Market Overview / Oil Prices

Market Overview Continued

Oil and Gas Supply Chain

Operators

Major Oil Companies

Large Operators

Mid – Tier

Independents

Unconventional and High Resource Plays

Future Outlook

Regulatory Uncertainty for US Oil & Gas

Potential Windfall Tax

Potential Rollback of Offshore Areas

Loss of 2% Tax – Cut?

Cap and Trade Legislation

Issues of Today: Opportunities and Threats

Rusting Steel

Human Capital

Education

Emergence of NOC and National Service Companies

Overview

The NOC Advantage

NOC Economics

IOCs & the Potential Growth Issue

Overview

Growth Issues

Advantages

Industry Key Trends

No more MLPs

Subsea Technology

Natural Gas

Asian Onshore Development

Cross Over Technology from O&G

Oil & Gas – NanoTechnology

Oil & Gas – Life Sciences

Oil & Gas – ICT

UK Oil and Gas

North Sea Overview and Issues

The UK Advantage:

Access to E&P Infrastructure

Access to Special Materials

Access to Talent

Advanced Project Management

Advanced Corrosion

Activities of Late / UKTI Houston

OTC

GPS

ONS / Roadshow

Gas Workshop

GOM Subsea Mission

Oil and Gas Team [aka “ Brown Team”] Azeemeh Zaheer, VC Jessica Roch, BDA Regina Johnson, BDA Renewables Team [Aka “Green Team”] Joanne Howard, VC Erick Bakken, BDA Melissa Stienmentz, BDA International Energy Team - Houston