New base 542 special 17 february 2015

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NewBase 17 February 2015 - Issue No. 542 Khaled Al Awadi
NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE
S.Arabia & UAE control 74 percent of GCC’s private wealth
SG + NewBase
Since 2010, the GCC market has doubled its total private wealth from $1.1 trillion to $2.2 trillion for
an overall compound annual growth rate (CAGR) of 17.5 percent, making it an even more
lucrative market for local and global private bankers, a new study by management consultancy
Strategy&, formerly Booz & Company, disclosed Monday.
The study estimates that at present, there
are between 1.5 million and 1.6 million
wealthy households in the GCC with total
investable assets of around $2.2 trillion.
Most of the region’s private wealth resides
in Saudi Arabia (44 percent), but the UAE
has made notable gains with its share of
GCC’s private wealth increasing from 24
percent to 30 percent from 2009 to 2013.
Together, Saudi Arabia and the UAE
control 74 percent of the region’s private
wealth, up from 71 percent in 2009.
Dr. Daniel Diemers, Partner with Strategy&
in Dubai, said: “High-net-worth individuals
(HNWIs) continue to account for the
largest chunk of the region’s wealth at 41
percent, followed by ultra-high-net-worth
individuals (UHNWIs) at 34 percent.
However, the affluent segment has been growing the fastest over the last five years at 21 percent
CAGR, more than doubling in absolute dollar terms from $261 billion in 2009 to $560 billion in
2013. However, during the same time frame, wealth creation for the region’s HNWIs, at 76
percent, and UHNWIs, at 94 percent, was hardly anemic.”
According to the study, the growth of affluent households from 2010 to 2013 was strong, with total
households increasing about 50 percent, from an estimated range of 850,000 to 880,000 in 2010,
to a range of 1.25 million to 1.325 million.
The UAE has created the most affluence in the GCC, growing its share of affluent households
from 16 percent to 26 percent from 2009 to 2013. Jihad K. Khalil, Senior Associate with Strategy&
in Dubai, said: “Powerful macroeconomic and socio-demographic forces are propelling the growth
of wealthy households in the GCC.

One key driver has been the strong rebound in global equity markets as increasingly aggressive
allocations among the region’s wealthiest helped them recapture value destroyed during the
crisis.
From 2009 to 2013, global equities saw 50 percent gains. Of the $1 trillion net increase in wealth
during the period, we estimate that the global equity rally’s impact on existing wealth accounted
for around 40 percent of that gain.”
“The other 60 percent of the $1 trillion in net new wealth was driven by the GCC regional GDP
growth, which rose steadily at an average rate of 10 percent per annum as the oil price rose and
then was sustained at
near-record levels
through 2014.
Governments have
used this windfall to
spend generously on
megaprojects,
infrastructure, and job
creation — all of which
helps to produce more
income for wealthy
individuals and create a generation of newly affluent citizens and expatriates,” he added.
The study showed that geopolitical events also intensified the migration of new wealth to the
region. Since the start of the Arab Spring and in its aftermath, many regional wealthy households
migrated to the more stable countries like the UAE.
These households also moved a significant portion of their wealth to either regional or foreign
banks based in the GCC countries to which they relocated. The UAE has benefited from this
regional phenomenon the most and seen the largest inflows from the wider Middle East and North
Africa region.
In addition, sluggish macroeconomic growth in the Western hemisphere, paired with turmoil in the
international financial services industry has contributed to some degree of capital being
reallocated to its countries of origin, including the GCC.
The study identifies key issues in the regional private banking industry, despite the surge in
regional private wealth.
• Although the rally in equity markets has been a boon to wealthy clients, the private bankers
derive little additional revenue from these gains.
In fact, when funds stay put and asset allocations are not shifted due to unchanging risk appetites
or views on market direction, private bankers will see their commission income reduced as fewer
re-allocations or new subscriptions occur.
• The second issue is intensified competition and lack of differentiated offerings. As wealth
expands in the GCC, more local and global players have entered the private banking market with
largely undifferentiated offerings.

This can be a liability for these players, as GCC investors have become more selective and
demanding. Local private banking players have been unable to evolve their client offering into the
upper HNW and UHNW segments or starkly differentiate themselves in the market.
• Private bankers also face an array of customer service issues that affect the top and bottom
line.
These issues are in the form of (i) legacy costs associated with old operating models and outdated
branch-based coverage strategies (ii) unsophisticated advisory which lacks in tailored distinct
offerings based on customer segmentation and life-stage needs (iii) and inflexible reporting
systems that are outdated.
“While most of these issues are not new, there is an urgent need to address them and find
solutions as competition increases and wealthy clients become more demanding.
Clients want better reporting,
improved accessibility and
increased transparency. To
deliver on these demands
and create a truly customer-
focused experience, private
banks will need to continue
to invest significantly in
technology while in parallel
aligning their objectives and
operating models to be more
client-focused and digital,”
Khalil added.
The other challenge that is
becoming more visible in the
industry is the increasing
regulatory pressures. Local
GCC regulators are getting
stricter, managing the capital
markets in ways that could
potentially put some drag on
growth.
This could hamper the ability
of GCC banks to design
more efficient and
streamlined offerings and
service-friendly operating
and engagement models, as
well as prevent them from
being at par with
international best practices.

Egypt, Cyprus Sign Oil & Gas Related MoU
http://www.financialmirror.com/news-details.php?nid=33843
Cyprus and Egypt signed a MoU pertaining to cooperation in the field of oil and natural gas,
Egypt’s ministry of petroleum said in a statement. The agreement, signed by Egyptian petroleum
minister Sherif Ismail and Cypriot energy minister Yiorgos Lakkotrypis on Monday in Cairo, aims
to promote cooperation between the two countries in the field of development and exploitation of
the discovery of Aphrodite gas.
It is the follow-up to the meeting which was held in Nicosia on November 25, 2014 between the
two countries. The ministry statement said that technical solutions to transport gas through a
direct sea pipeline from Aphrodite field to Egypt would be examined.
Ismail said in November that Egypt is looking to import Cypriot gas both for domestic use and for
possible re-export to other countries. The North African nation is reeling under severe gas
shortage due to falling domestic production amid rising usage. In recent months, Cairo has signed
deals to source gas from various sources.
In December, Algeria and Egypt signed a previously announced natural gas deal. As per the
deal Algeria will supply 850,000 cubic meters of LNG in six shipments to Egypt during 2015. The
two countries will begin fresh talks shortly regarding supply of Algerian gas during 2016-2020, the
ministry said adding that negotiations will start in Cairo and will be completed by February in
Algiers.
Cairo is also expected to sign a deal to import LNG from Gazprom. Egypt is likely to buy 35
shipments of LNG over the next five years from the Russian company. Shell is another company
likely to begin supplying gas to Egypt this year.
Earlier this month reports Platts quoted Shell's Middle East and North Africa region vice president,
Mounir Bouaziz, as saying that the company will supply Egypt with 1 million mt/year of LNG,
starting this year. Egyptian Natural Gas Holding Co (EGAS) has also signed a contract
with Trafigura to import LNG.
the Minister of Petroleum and Mineral
Resources of Egypt, Sherif Ismail and the
Minister of Energy, Commerce, Industry
and Tourism of Cyprus, Yiorgos
Lakkotrypis, signed, in the presence of
the Egyptian Prime Minister Ibrahim
Mahlab, a memorandum for cooperation
in the field of oil and gas, an official
announcement said on Monday.

Pipeline of opportunities: ‘TAPI will bring Kabul, Islamabad,
Delhi closer’ . Published in The Express Tribune, February 16th
, 2015.
The Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project will bring
Afghanistan, Pakistan and India much closer, believes Dr Daud Saba, Afghanistan’s
minister for mines and petroleum.
“I believe TAPI is a pipeline of opportunities. The project is a major factor for promoting peace and
stability in the region and boosting cooperation among the participating countries,” he told The
Express Tribune in Islamabad on Sunday. “I am confident that TAPI will lay the foundation for
cordial relations between Pakistan, Afghanistan and India.”
Dr Saba disagreed with the impression that the strained relationship between Pakistan and India
could have a negative impact on the project. He said representatives of both countries were ‘on
the same page’ during the February 11 TAPI steering committee meeting in Islamabad.
“During the meeting, I noticed that Pakistani and Indian officials were very close to each other,”
the minister, who represented Afghanistan in the huddle, said. “Pakistan, Afghanistan and India
had a similar approach on the project. The three countries have common interests.”
The talks in Islamabad ‘made progress’, Dr Saba said, as the delegates of the countries
participating in the project agreed for the first time to appoint a consortium leader. He added that
the participants also showed their determination to vigorously pursue the implementation plan
agreed upon by their countries.
The Afghan minister played down security concerns about the TAPI project. “There is no doubt
that security is a problem in Afghanistan, but there is also strong determination [in the country] to
deal with this challenge,” he said.
“The route of the pipeline, along the Herat-Kandahar Highway, also lies in a secure and peaceful
area,” he added. “Thousands of vehicles laden with passengers and goods, use the highway and
we have had no problem along the route.”
Dr Saba also said Afghan authorities had security plans for major projects in the country, many of
which were implemented in the past. “We will have a similar security model for TAPI. With the help
of the Afghan people, we will ensure security for this project.”

Asked as to who will foot the bill for the TAPI pipeline, the minister said all regional countries and
major-multi-national institutions were interested in the project. He added that the TAPI steering
committee discussed funding in the February 11 meeting and some interested parties offered
capital for it. According to reports,
representatives of the Asian
Development Bank attended the
meeting.
To a question about the expected
benefits for Afghanistan, Dr Saba
said TAPI will help meet the
country’s energy requirements and
create thousands of jobs, and the
transit fee will help increase its
foreign reserves. The gas will also
boost Afghanistan’s industrial
sector, he added.
According to Afghan officials, Kabul is scheduled to host the next TAPI steering committee
meeting. Rafiullah Sediqi, spokesman for Afghanistan’s Ministry of Mines and Petroleum, told
Azadi Radio in Kabul that the meeting is likely to take place in two months. He added that the date
for the ground-breaking of the project will be announced at the end of the meeting.

Norway:BG Group drills two dry wells near the Knarr field in N.Sea
Source: NPD
BG Group, operator of production licence PL373 S, is in the process of concluding the drilling of
wildcat wells 34/3-4 S and 34/3-4 A. The wells were drilled about 5 kms east of the Knarr field in
the northern part of the North Sea.
The purpose of wildcat well 34/3-4 S was to investigate a large channel system in reservoir rocks
in the Pleistocene. The well encountered a 250-metre thick channel system, about 50 metres of
which was of very good
reservoir quality. Traces of
gas were encountered in two
thin sandstone layers.
The purpose of well 34/3-4
A was to prove petroleum in
lower Jurassic reservoir rocks
(the Cook formation). Well
34/3-4 A encountered about
110 metres of the Cook
formation, 53 metres of which
was sandstone with good
reservoir quality and traces of
gas.
Data collection and sampling
have been performed in both
wells. Both wells are
classified as dry.
These are the fifth and sixth
exploration wells in production
licence 373 S. Wells 34/3-4 S
and 34/3-4 A were drilled to
measured depths of 1607 and
4535 metres, respectively,
and vertical depths of 1584
and 4321 metres below the
sea surface, and were
terminated in the Hordaland
group in the Miocene and the
Amundsen formation in the
Lower Jurassic. Water depth
at the site is 406 metres.
The wells will now be
permanently plugged and abandoned.
Wells 34/3-4 S and 34/3-4 A were drilled by the Transocean Searcher drilling facility, which will
now move on to drill wildcat well 34/3-5 S in the same production licence.

Norway Lundin Petroleum spuds exploration well on Gemini prospect
Press Release + Newbase
Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS
(Lundin Norway), is pleased to announce that drilling of exploration well 16/1-24 in PL338C
southwest of the Edvard Grieg field, has commenced.
The well will investigate the hydrocarbon potential of the Gemini prospect. The well is located in
PL338C approximately 10 km southwest of the Edvard Grieg field. The main objective of well
16/1-24 is to test the reservoir properties and hydrocarbon potential of Lower Paleocene aged
sandstones of the Ty Formation.
Lundin Petroleum estimates the Gemini prospect to have the potential to contain unrisked, gross
prospective resources of 93 million barrels of oil equivalent (MMboe). The planned total depth is
approximately 2,192 metres below mean sea level and the well will be drilled using the semi-
submersible drilling rig Island Innovator.
The drilling operation is expected to take approximately 40 days. Lundin Petroleum is the operator
of PL338C with 80 percent working interest. OMV Norge AS is partner with 20 percent working
interest.
Lundin Petroleum is a Swedish independent oil and gas exploration and production company with
a well balanced portfolio of worldclass assets primarily located in Europe and South East Asia.
The Company is listed on NASDAQ S

France:Europa Oil & Gas farms out Tarbes Permit to Vermilion
Europa Oil & Gas
AIM-listed Europa Oil & Gas has signed a Farm-Out Agreement (‘FOA’) in relation to its 100%
owned Tarbes Val d’Adour Permit onshore France withVermilion REP SAS, a wholly owned
subsidiary of Vermilion Energy, a Calgary, Alberta based international oil and gas producer.
Tarbes has previously produced oil from two fields and is located in the Aquitaine basin close to
the giant Lacq - Meillon gas fields. This update is in line with Europa’s strategy to advance and
monetise its multi-stage portfolio of licences.
• Under the terms of the FOA, Vermilion acquires an 80% interest in, and operatorship of, Tarbes
with Europa holding the remaining 20% interest.
• Should Vermilion decide to proceed with exploration activities, they will assume 100% of the
cost of an optional work programme, which may include seismic acquisition/reprocessing and
drilling operations up to a total of €4.65 million. Once costs above this level are incurred, Europa
will be responsible for its 20% share of future work programme costs
• Tarbes contains several oil accumulations that were previously licensed by Elf but were
abandoned in 1985 due to a combination of technical issues and low oil prices. Two fields,
Jacque and Osmets, were drilled using vertical wells and generated modest production.

• The FOA is subject to the relevant approvals being granted by the French authorities – for the
transfer of equity and operatorship to Vermilion and obtaining an extension for the permit. Both
these approvals processes have already started.
The farm-out process for Europa’s other French permit 'Bearn des Gaves', also in the Aquitaine
basin, is on-going in parallel with planning and permitting for a Berenx shallow well to evaluate
the 107 bcf gross mean un-risked contingent resources. A lease has been obtained for the drill
site and drilling permit documentation is currently being exchanged with the French authorities.
Europa’s CEO, Hugh Mackay said, 'Vermilion is the leading exploration and production company
currently active in France with net production of approx. 11,000 boepd. They have an excellent
technical and operational track record with specific experience of workovers, infill drilling, and
secondary recovery opportunities. They are the ideal partner for us on this permit, and we look
forward to working alongside them, as we progress Tarbes up the value curve.
'2015 promises to be an exciting year with operations at Wressle and Kiln Lane continuing as
previously announced. We will provide further updates with respect to progress when
appropriate. We also anticipate the possibility of expanding our UK portfolio via the 14th onshore
licensing round and most importantly a drill decision by Kosmos on our Irish licenses. Following
on from our announcement last week about testing oil at Wressle completing the first French
farmout is another good start to the year.'
Current activity on the Permit is focussed on maturing the shallow gas prospects
with the intention of delivering well locations. Europa intends to farm-out this Permit.
Field Re-development and associated Exploration - Tarbes Val d'Adour
Licence (100%)
The Permit has been extended until 18 January 2015. Tarbes Val d'Adour contains
several oil accumulations that were previously licensed by Elf but were abandoned
in 1985 due to a combination of technical issues and low oil prices. Two fields,
Jacque and Osmets, were drilled using vertical wells which generated modest
production levels.

Angola: Oil majors focus on Angola
DeepWater + NewBase
As the second largest oil producer in Africa, Angola is heavily dependent on the oil sector, making
it vulnerable to oil price fluctuations, Douglas Westwood, an energy intelligence firm writes in its
“DW Monday” report. In addition, drilling costs offshore Angola are very high, and DW forecasts a
resultant drop in deepwater completions in Angola in 2016.
Deepwater to the rescue
Despite this set-back, Angola’s deep and ultra-deep projects are key to driving offshore production
during a period of reduced spending and retrenchment.
DW does not expect to see projects
that are past FID being cancelled and
many projects have been under
construction for a number of years and
will start up in the coming three years.
The recent start-up of Eni’s West Hub
and Total’s CLOV projects form the
basis of DW’s positive short-term
forecast: DW expects Angola to meet
its 2015 target production of 2 million
barrels of oil per day.
As cuts to expenditure are announced,
operators like BP and Total are looking
to core assets in Angola as a focal point
for spending over the next three years.
Importantly, Total launched the
development of the Kaombo ultra-deep
project in April 2014, bringing online a
potential 230,000 barrels of oil per day
following start-up in two years’ time.
Chevron, ExxonMobil and Eni also
have major deepwater oil projects in
Angola, collectively adding a peak
capacity of nearly 1 million barrels per
day. These are all due to start
production before 2018. DW forecasts a
dip of 2.3% in offshore oil production in
2016, before recovering to 2.2 million
barrels of oil per day in 2021.
The downturn offers exploration
opportunities for larger oil companies, with potential for expansion in Angola as smaller companies
apply for farm-in partners and Sonangol aims to sustain investment. Eni have staked their claim,
securing a three year extension for exploration work near their Angolan assets. Repsol has also
displaced an exploratory vessel from the Canary Islands for a venture offshore Angola.
A focus on core assets, and even the expansion of assets in Angola has been the message from
several major oil companies at the start of 2015, safeguarding Angola through a period of oil price
turbulence, DW writes.

U.S. 2014 LNG imports nosedive in 2014
LNG World News + NewBase
LNG imports into the U.S. dropped 39,2 percent in 2014 to 50.1 Bcf, as compared to the
year before, according to the U.S. Department of Energy data.
The U.S. imported 26 liquefied natural gas cargoes in 2014, with no imports recorded in
November, according to the data.
Most of the cargoes were shipped from Trinidad and Tobago, and Yemen. The Everett LNG
terminal received the majority of the LNG, followed by the Cove point import terminal.
The country exported five cargoes of the chilled gas from Conoco’s Kenai facility in Alaska. All of
them were delivered onboard the Excel LNG tanker to Japan’s Kansai Electric.
One cargo was also re-exported in February last year from the Freeport LNG terminal to Brazil.

Oil Price Drop Special Coverage
Oil rose to near $62 a barrel on Monday, supported by concerns over the escalating conflict with
Islamic State militants in Libya and predictions of lower supply levels in the second half of the
year.
Egypt's air force bombed Islamic State targets inside Libya on Monday and Cairo renewed calls
for a US-led coalition to confront militants there, a day after the group released a video appearing
to show the beheading of 21 Egyptians.
"The geopolitical risk is not something to write off," said Olivier Jakob, oil analyst at Petromatrix in
Zug, Switzerland.
Libya's oil production has mostly shut down, falling to 350,000 barrels per day (bpd) from 1.6
million bpd before the 2011 ousting of leader Muammar Gaddafi. The El Sarir oil field was still
unable to pump oil on Monday after a pipeline was attacked and set on fire.
Further supporting the market, Kuwait's oil minister said oil prices would continue to rise in 2015
as supply levels fell. "Hopefully in the second half of 2015 we will see better prices," said the
minister, Ali Al-Omair.
Benchmark Brent futures traded at $61.93 a barrel, up 41 cents, by 1257 GMT. US crude was up
20 cents at $52.97 a barrel. Trading volumes were reduced as US markets remained closed for a
public holiday.
Oil markets rose strongly last week after another drop in the U.S. rig count, pushing Brent back
above $60 a barrel for the first time since December. The price of Brent crude has increased by

more than 30 percent since January, supported by signs of lower oil industry spending. In January
it hit $45.19, the lowest in almost six years, down from $115 last June.
Kuwait's Omair said the current oil surplus was now "definitely lower" than 1.8 million barrels per
day. "The big guessing game is whether we are now moving to a range from $60-68, or whether
we're about to turn south again and head back below $60 or possibly $50," said Jeffries oil broker
Christopher Bellew.
The loss of output from Libya comes as Iraq's southern oil exports have fallen sharply to below 1.5
million bpd in the first two weeks of February, shipping data tracked by Reuters showed.
Oil Rises as OPEC Producers Signal Optimism Over Market Recovery
Bloomberg + NewBase
Oil traded at the highest price in almost two months in London as OPEC ministers signaled
confidence that the market can sustain its rebound.
Futures advanced as much as 1.1 percent, gaining for the third time in four days. There’s a sense
of optimism in rising prices and the trend has changed over the past two weeks, Qatar’s Energy
Minister Mohammed bin Saleh Al Sada said on Monday. The global supply glut is smaller than a
previously estimated 1.8 million barrels a day, according to Ali Al-Omair of Kuwait, the third-largest
producer in the Organization of Petroleum Exporting Countries.
Oil is recovering from the lowest prices in almost six years as drillers in the U.S., which is pumping
crude at a record pace amid a shale boom, reduced the number of active rigs to the fewest since
August 2011. The market is shifting its focus to tightening supply, according to Standard
Chartered Plc.
“We’ve seen the rig numbers, that will impact estimates going forward,” David Lennox, a resource
analyst at Fat Prophets in Sydney, said by phone. “There are forecasts for lower production by the
end of 2015, especially out of the U.S., and that’s put a halt on the downtrend.”

Brent for April settlement climbed as much as 68 cents to $62.08 a barrel on the London-based
ICE Futures Europe exchange and was at $62.02 at 1:19 p.m. Singapore time. The contract fell
12 cents to $61.40 on Monday. The volume of all futures traded was about 39 percent below the
100-day average.
Price ‘Optimism’
West Texas Intermediate for March delivery was up 35 cents from Friday’s close at $53.13 a
barrel in electronic trading on the New York Mercantile Exchange. The floor session was
suspended on Monday for the U.S. Presidents’ Day holiday and transactions will be booked
Tuesday for settlement purposes.
OPEC, which supplies about 40 percent of the world’s oil, on Feb. 9 made the deepest cut in at
least six years to its monthly projection for output growth from other producers, predicting the
market’s drop means U.S. drillers will pump less than previously anticipated.
“Brent is near $62 and there’s a sense of optimism surrounding this issue,” Qatar’s Al Sada said at
an annual meeting of Mesaieed Petrochemical Holding Co. U.S. drillers reduced the number of
rigs in service by 84 to 1,056, according to Baker Hughes Inc., an oilfield services company.
Companies have idled 519 machines the past 10 weeks, a 33 percent reduction, the data showed.
Rig Counts
The decrease in rig counts isn’t enough to stop production growth, said Goldman Sachs Group
Inc. Lower prices may be needed to balance the market because U.S. output could still expand by
600,000 barrels a day in the fourth quarter, compared with a year earlier, the bank said in a note
on Monday.The nation’s oil boom has been driven by a combination of horizontal drilling and
hydraulic fracturing, which has unlocked supplies from shale formations including the Permian and
Eagle Ford in Texas and the Bakken in North Dakota. Production averaged 9.23 million barrels a
day through Feb. 6, the most in weekly Energy Information Administration records dating back to
January 1983.
Brent has technical resistance at $61.83 a barrel, according to data compiled by Bloomberg.
That’s the 23.6 percent Fibonacci retracement of the slide from a nine-month intraday high of
$115.71 in June to January’s low of $45.19. Sell orders tend to be clustered around chart-
resistance levels.

Bahrain: MEOS-15 Conference to start March 11th
www.meos2015.com/ + NewBase
Oil & Gas Professionals will converge on the Bahrain International Exhibition and Convention
Centre next month to debate and shape the future of the oil and gas industry in the region.
They will be at the 19th Middle East Oil and Gas Show and Conference (MEOS 2015) being held
under the patronage of His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa
from March 8 to 11, said a report in the Gulf Daily News (GDN), our sister publication.
Organised by the Society of Petroleum Engineers (SPE) and Arabian Exhibition Management
(AEM), MEOS 2015 is billed as one of the largest and best attended technical events of its kind in
the region.
The multidisciplinary conference programme includes 42 technical sessions with more than 300
papers on topics covering reservoir, production and facilities, exploration and appraisal, drilling
and completions, project management, human resources, business models, and health, safety,
security and environment.
The executive plenary session will address this year's conference theme 'Energy Beyond Limits
Through Innovation and Collaboration' and will look at how the exploration and production
industry is transforming and pushing limits through innovation coupled with collaboration to
provide world energy needs, efficiently, responsibly, and with maximum value.
Daily panel sessions at MEOS 2015 feature chief executives, managers and presidents of national
and international oil companies and the service industry.
Discussion topics include academic and industry collaboration to develop future talent, in country
value, what makes unconventional resources an economic reality, environmental stewardship,
innovative collaboration, and cyber security in the energy sector.
“With a strong technical programme and comprehensive exhibition, companies and delegates
alike can utilise MEOS 2015 to learn, forge business relationships, share expertise, and create
new technologies in one of the most prolific hydrocarbon regions in the world,” Arabian
Exhibition Management's director of sales and marketing Fawzi Al Shehabi said.
“The era of easy oil is over, but despite increasingly challenging environments and exacting
producing horizons, the upstream industry continues to meet world energy demand. “It is an
ambitious undertaking we tackle head-on, safely and successfully, through innovative and
collaborative efforts between energy suppliers, service companies and academia.

NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE
Your partner in Energy Services
NewBase energy news is produced daily (Sunday to Thursday) and
sponsored by Hawk Energy Service – Dubai, UAE.
For additional free subscription emails please contact Hawk Energy
Khaled Malallah Al Awadi,
Energy Consultant
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME member since 1995
Hawk Energy member 2010
Mobile : +97150-4822502
khdmohd@hawkenergy.net
khdmohd@hotmail.com
Khaled Al Awadi is a UAE National with a total of 25 years of experience in
the Oil & Gas sector. Currently working as Technical Affairs Specialist for
Emirates General Petroleum Corp. “Emarat“ with external voluntary Energy
consultation for the GCC area via Hawk Energy Service as a UAE
operations base , Most of the experience were spent as the Gas Operations
Manager in Emarat , responsible for Emarat Gas Pipeline Network Facility &
gas compressor stations . Through the years , he has developed great
experiences in the designing & constructing of gas pipelines, gas metering & regulating stations
and in the engineering of supply routes. Many years were spent drafting, & compiling gas
transportation , operation & maintenance agreements along with many MOUs for the local
authorities. He has become a reference for many of the Oil & Gas Conferences held in the UAE
and Energy program broadcasted internationally , via GCC leading satellite Channels.
NewBase : For discussion or further details on the news above you may contact us on +971504822502 , Dubai , UAE
NewBase 17 February 2015 K. Al Awadi

New base 542 special 17 february 2015

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