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Meeting the challenges of today’s energy dynamics

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The panel explored the changing role of the NOCs in the global energy landscape, its strategies and their view of the long-term outlook for hydrocarbon future.

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Meeting the challenges of today’s energy dynamics

  1. 1. 2018 Global Energy Conference Concurrent Session I-A: National Oil Companies - Meeting the challenges of today’s energy dynamics Brought to you by the KPMG Global Energy Institute www.kpmgglobalenergyconference.com
  2. 2. 2© 2018 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. NDPPS 773491 2018 Global Energy Conference CPE code: 4ed5 #KPMGGEC 2© 2018 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. NDPPS 773491 2018 Global Energy Conference CPE code: 4ed5 #KPMGGEC Moderator and Panelists Panelist Raymond K.K. Ng Partner, Head of Oil and Gas KPMG China Panelist Salvador Escobedo President and Chief Executive Officer Pemex Procurement International Moderator Andy Steinhubl Principal, Energy and Chemicals Strategy Leader KPMG LLP (U.S.) Panelist Anton Oussov Global Head of Oil and Gas and Head of Oil and Gas in Russia and the CIS KPMG Russia
  3. 3. 3© 2018 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. NDPPS 773491 2018 Global Energy Conference CPE code: 4ed5 #KPMGGEC A seismic shift in energy trends and economics is underway 2.2 % 1.3 % 1995–2015 2016–2035 -41% 1,44 0 2,01 7 2012 2016 +40% Global growth in energy consumption p.a. Global renewable energy capacity (GW) 126 84 2015 2035 -33% 125 50 2012 2017 -60% Global energy intensity (TOE/US$m) Cost of utility-scale solar power (US$/MwH) 17.4 24.5 2008 2017 +41% 200 65 2011–2013 2017 -68% Total U.S. oil and gas production (MMBOED) Global Greenfield E&P Capex (US$bn p.a.) Tonne of oil equivalent (TOE) per million dollars Million barrels of oil equivalent per day gigawatts Mean levelized cost of energy (LCOE) per megawatt hour (MWHh) 1) Restructuring of global crude markets 2) Step function change in energy efficiency 3) Escalating sustainability and energy transition momentum
  4. 4. 4© 2018 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. NDPPS 773491 2018 Global Energy Conference CPE code: 4ed5 #KPMGGEC Five key levers driving next generation E&P operating models I Predictive analytics and decision support Using machines to make decisions Onshore Offshore Deep Water Zero-based asset costs Agile supply chains Intelligent process automation Technical functions —Major maintenance —Turnarounds —Engineering —Well work Work scopes Value-based prioritization across lifecycle
  5. 5. 5© 2018 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. NDPPS 773491 2018 Global Energy Conference CPE code: 4ed5 #KPMGGEC Points of View
  6. 6. 6© 2018 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. NDPPS 773491 2018 Global Energy Conference CPE code: 4ed5 #KPMGGEC 6© 2018 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. NDPPS 773491 2018 Global Energy Conference CPE code: 4ed5 #KPMGGEC Question and Answer Panelist Raymond K.K. Ng Partner, Head of Oil and Gas KPMG China Panelist Salvador Escobedo President and Chief Executive Officer Pemex Procurement International @PemexGlobal Moderator Andy Steinhubl Principal, Energy and Chemicals Strategy Leader KPMG LLP (U.S.) @Andy_Steinhubl Panelist Anton Oussov Global Head of Oil and Gas and Head of Oil and Gas in Russia and the CIS KPMG Russia
  7. 7. 7© 2018 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. NDPPS 773491 2018 Global Energy Conference CPE code: 4ed5 #KPMGGEC 7© 2018 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. © 2018 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. NDPPS 773491 2018 Global Energy Conference CPE code: 4ed5 #KPMGGEC CPE Check In – Session PIN code: 4ed5 For CPE credit, go on your app and select the “CPE Check In” icon. Type in the session PIN code above and submit.
  8. 8. 2019 Global Energy Conference Save the date: June 5-6, 2019
  9. 9. © 2018 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. NDPPS 773491 The KPMG name and logo are registered trademarks or trademarks of KPMG International. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. kpmg.com/socialmedia Thank you

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