GEO – India 2008September 17 - 19, 2008

New Delhi, India

World Petroleum CouncilWorld Petroleum Council

““THE 19THE 19THTH WORLD PETROLEUM CONGRESS: WORLD PETROLEUM CONGRESS:From oil price to climate change”From oil price to climate change”

Dr. Randy GossenDr. Randy GossenPresident, World Petroleum CouncilPresident, World Petroleum Council

Vice President - Nexen Inc.Vice President - Nexen Inc.Special Advisor to the United Nations Global CompactSpecial Advisor to the United Nations Global Compact

International organisation. Secretariat based in London. Established in 1933. 60 member countries. OPEC and Non-OPEC members. IOC & NOC Promote the management of the

world’s petroleum resources for the benefit of mankind.

Neutral, non-political un-biased international forum.

United Nations accredited Members >95% oil and gas

production and consumption

World Petroleum Council (WPC)World Petroleum Council (WPC)

World Petroleum Council – Value AddWorld Petroleum Council – Value Add

Showcase technological development.

Catalyse and facilitate dialogue on key issues relevant to the petroleum industry.

In doing so the WPC will contribute towards sustainable growth.

World Petroleum Council - VisionWorld Petroleum Council - Vision

An enhanced image of the oil and gas industry

Algeria

Angola

Argentina

Australia

Austria

Azerbaijan

Belgium

Brazil

Canada

China

Colombia

Croatia

Cuba

Czech Republic

Denmark

Egypt

Finland

France

Gabon

Germany

Hungary

India

Indonesia

Iran

Israel

Japan

Kenya

Kazakhstan

Korea

Kuwait

Libya

Macedonia

Mexico

Morocco

Mozambique

Netherlands

Nigeria

Norway

Pakistan

Peru

Poland

Qatar

Romania

Russia

Saudi Arabia

Serbia

Sierra Leone

Slovenia

Slovakia

South Africa

Spain

Sweden

Surinam

Thailand

Turkey

UK

Uruguay

USA

Venezuela

Vietnam

World Petroleum Council - Member CountriesWorld Petroleum Council - Member Countries

World Petroleum Council – International cooperationWorld Petroleum Council – International cooperation

United Nations: UNFC, UNECE, Global Compact International Energy Agency (IEA) and implementing agreements Organisation for Petroleum Exporting Countries (OPEC) Oil and Gas Producers Association (OGP) International Petroleum Industry Environmental Conservation Association (IPIECA) International Standards Organisation (ISO) International Gas Union (IGU) Associations and Institutions from WPC member countries Society of Petroleum Engineers (SPE) American Association of Petroleum Geologists (AAPG) European Association of Geological Engineers (EAGE) The World Coal Institute (WCI) The World Energy Council (WEC) The World Bank/IMF Columbia University – Earth Sciences ARPEL Petrofed Transparency International

2008 – Madrid

2005 - Johannesburgg

2002 - Rio

2000 – Calgary

1997 – Beijing

1994 – Stavanger

1991 – Buenos Aires

1987 – Houston

1983 – London

1979 – Bucharest

1975 – Tokyo

1971 – Moscow

1967 – Mexico City

1963 – Frankfurt

1959 – New York

1955 – Rome

1951 – The Hague

1937 – Paris

1933 – London

World Petroleum Council – CongressesWorld Petroleum Council – Congresses

2011 Doha, Qatar2011 Doha, Qatar

WPC LegacyWPC Legacy

World Petroleum Council – eventsWorld Petroleum Council – events

First WPC-UNGC Forum on First WPC-UNGC Forum on Responsible Business Practices Responsible Business Practices

in the Oil & Gas Sectorin the Oil & Gas Sector

A World in Transition:

Delivering Energy for

Sustainable Growth

19th WPC - Congress Theme 19th WPC - Congress Theme

4.300 Delegates• 700 young professionals and students• 35 Ministers• 500 CEO’s• 590 Speakers

14,500 Exhibition attendees

865 Media and Journalists

70 Countries

1919thth Congress Results Congress Results

India Ministerial SessionIndia Ministerial Session

19th Congress Results

1919thth Congress Results Congress Results

19th Congress Results

1919thth Congress Results Congress Results

19th Congress Results

19th Congress Results19th Congress Results

19th Congress Results19th Congress Results

19th Congress Results19th Congress Results

Non-Technical:

• Oil price

• Peak oil

• IOC’s / NOC’s

• Energy security

• Access to acreage

• Social licence to operate

• Climate change

• Water

• Youth and gender

• Cooperation between oil producers and service companies

Issues and Topics DiscussedIssues and Topics Discussed

Access to Total Oil and Gas Reserves

(Discovered and Undiscovered)

Canada Oil Sands

174 / 4%

NOC Reserves with Eq. Access

508 / 13%

Full IOC Access462 / 12%

Reserves Held By Russ Cos636 / 16%

NOC Reserves with No Eq.

Access2164 / 55%

Source: BP Stat Review, USGS, PFC Energy, AEUB

Access to Total Oil and Gas Reserves (Discovered and Undiscovered)

Canada Oil Sands

174 / 4%

NOC Reserves with Eq. Access

508 / 13%

Full IOC Access462 / 12%

Reserves Held By Russ Cos636 / 16%

NOC Reserves with No Eq.

Access2164 / 55%

Access to Total Oil and Gas Reserves (Discovered and Undiscovered)

Canada Oil Sands

174 / 4%

NOC Reserves with Eq. Access

508 / 13%

Full IOC Access462 / 12%

Reserves Held By Russ Cos636 / 16%

NOC Reserves with No Eq.

Access2164 / 55%

Source: BP Stat Review, USGS, PFC Energy, AEUBSource: BP Stat Review, USGS, PFC Energy, AEUB

4%

16%

55%

12%

13%

Access to Total Oil and Gas Reserves (Discovered and Undiscovered)

Canada Oil Sands

174 / 4%

NOC Reserves with Eq. Access

508 / 13%

Full IOC Access462 / 12%

Reserves Held By Russ Cos636 / 16%

NOC Reserves with No Eq.

Access2164 / 55%

Source: BP Stat Review, USGS, PFC Energy, AEUB

Access to Total Oil and Gas Reserves (Discovered and Undiscovered)

Canada Oil Sands

174 / 4%

NOC Reserves with Eq. Access

508 / 13%

Full IOC Access462 / 12%

Reserves Held By Russ Cos636 / 16%

NOC Reserves with No Eq.

Access2164 / 55%

Access to Total Oil and Gas Reserves (Discovered and Undiscovered)

Canada Oil Sands

174 / 4%

NOC Reserves with Eq. Access

508 / 13%

Full IOC Access462 / 12%

Reserves Held By Russ Cos636 / 16%

NOC Reserves with No Eq.

Access2164 / 55%

Source: BP Stat Review, USGS, PFC Energy, AEUBSource: BP Stat Review, USGS, PFC Energy, AEUB

4%

16%

55%

12%

13%

Non-Technical:

• Oil price

• Peak oil

• IOC’s / NOC’s

• Energy security

• Access to acreage

• Social licence to operate

• Climate change

• Water

• Youth and gender

• Cooperation between oil producers and service companies

Issues and Topics DiscussedIssues and Topics Discussed

Technical:

• Exploring the new frontiers

• Enhanced oil recovery

• Unconventional oil and gas

• Refinery optimization

• Motor fuel quality

• Carbon capture storage

• Reserves reporting

• Biofuels

• Renewables

• GTL / LNG

Issues and Topics DiscussedIssues and Topics Discussed

Social Responsibility

Winner from small to medium sized companies:

Overgas Inc., Bulgaria ‘Corporate Social Responsibility of Overgas’

Winner from large companies:• Petrobras, Brazil (Anamaria Ballard)

Carnauba Viva

Technical Development

Winner from small to medium sized companies:• Sarkhoon & Qeshm Gas, Iran (Najaf Balali/Gholamreza Bahmannia)

“Solar Dew” as an Innovation System for Sarkhoon Gas Treating Plant’s Oily Wastewater’

Winner from large companies:• Indian Oil Corporation, India (Brijesh Kumar)

‘Hydroprocessing Technology for Green Fuels: Basics to Commercialisation through Innovation’

WPC Excellence AwardsWPC Excellence Awards

Issues and Topics DiscussedIssues and Topics Discussed

Opec’s Abdulla El-Badri and IEA Executive Opec’s Abdulla El-Badri and IEA Executive Director Nobuo TanakaDirector Nobuo Tanaka

World Petroleum Council