AGENDA REMAINS SUBJECT TO CHANGE The 6th Gulf Intelligence UAE Energy Forum Under the Patronage of UAE Minister of Energy HE Suhail Mohammed Al Mazrouei Event: The 6th Gulf Intelligence UAE Energy Forum Date: Tuesday, January 13th 2015 Time: 08:00 – 15:00 Venue: Rosewood Hotel, Maryah Island, Abu Dhabi, UAE Theme: Energy Security: Producers & Consumers? 08:00am Networking Breakfast & Registration 09:00am SESSION A: Forum Commences Master of Ceremonies Transformation is the theme of the world’s oil & gas markets amid a period of rapid and unrelenting change triggered by the US shale boom, China’s slowdown and oil price drop. Industry Welcome Note: International Keynote Lecture: HE Fouad Siniora, Leader of Parliament Majority & Former Prime Minister, Lebanon Topic: “Outlook for Middle East 4 years on from Arab Spring” Interactive Survey: ‘Snap Poll: Survey Says – Crystal Ball?’ Forum Feature Interview: UAE Energy Outlook 2020 His Excellency Suhail Mohammed Al Mazrouei, Minister of Energy, UAE Topic: The on-stage feature interview with HE Al Mazrouei will focus on the UAE’s strategic energy plans through to 2020, and also provide his views on the global trends facing the energy industry, such as shale gas and lower trend oil prices. Industry Q&A with HE Al Mazrouei – Questions led by: Maersk Oil Middle East 10:00am Session A – Leadership Panel: Topic: What role could energy sector play in lifting MENA’s economic outlook and helping solve region’s youth unemployment challenge, bearing in mind that MENA energy consumption has doubled in last 20 years to 8mbpd and forecast to jump 50% by 2020 Panel Speakers:  HE Fouad Siniora, Leader of Parliament Majority & Former Prime Minister, Lebanon  HE Suhail Mohammed Al Mazrouei, Minister of Energy, UAE  The Rt. Hon. Lord Howell of Guildford, Former Secretary of State for Energy, UK  Ali Khedery, Chairman & CEO Dragoman Partners (former Special Assistant to five U.S. ambassadors in Iraq) AGENDA REMAINS SUBJECT TO CHANGE Moderator: Gulf Intelligence 11:00am Coffee & Networking 11:30am SESSION B: Breakout Sessions *B1 Session: Volatile Times – How Resilient is the World’s Energy Infrastructure? Seismic geopolitical shifts are stirring up concerns over global energy security. The emergence of new energy production and consumption centers is leading to a redirection of international oil and gas trade flows. And the long-term outlook for global energy demand remains firmly on an upward trajectory. In an increasingly energy-interdependent world faced with a multitude of complex challenges and threats, the movement of rising volumes of crude oil, natural gas and refined products from producing to consuming centers is critical to keeping the global economic engine running. As such, the safe and reliable transport of hydrocarbons via pipelines, vessels and trains has become a priority for energy decision makers across the globe. Transit options are exposed to different types of risk, however, ranging from the threat of piracy in the Arabian Sea to terrorist attacks, including cyber attacks, on key energy and transport infrastructure, political unrest in the form of wars as well as shipping accidents or natural disasters. Making provisions for viable transport alternatives and strategically located storage facilities to limit potential vulnerabilities as part of creating a more resilient energy infrastructure able to withstand unexpected shocks is therefore crucial. Featured Speakers:  Ali Khedery, Chairman & CEO Dragoman Partners (former Special Assistant to five U.S. ambassadors in Iraq)  Nasser Al-Buhairi, Chief Security Officer , Kuwait Oil Company  Narendra Taneja, President, World Energy Policy Summit, India  The Rt. Hon. Lord Howell of Guildford, Former Secretary of State for Energy, UK Moderator: Alex Schindelar, Middle East Bureau Chief, Energy Intelligence *B2 Session: Hosted by Maersk Oil ‘Obtaining a Social License to Operate: How to Get it, and How to Keep it?’ The ‘social license to operate’ is a metaphorical concept. Social license generally refers to a local community’s acceptance or approval of a company’s project or ongoing presence in an area. It is increasingly recognized by various stakeholders and communities as a prerequisite to development. It indicates that companies cannot operate sustainably without the support of society. For a social license-to-operate strategy to be successful, it needs to be built into a company’s strategic development plan and become an integral part of all activities from the planning stage through to execution. This is also important because it ensures that potential problems are addressed before they emerge rather than in a reactionary manner. For companies active in the energy sector, local-content initiatives such as developing local economies, stimulating industrial development, increasing local capability, building a skilled workforce and creating a competitive supplier base, are today minimum requirements to gain a social license for doing business with host countries. This is also relevant to the UAE, which is investing along the domestic energy value chain as it seeks to diversify the local economy, create skilled jobs for nationals, and attract international investment and know how. AGENDA REMAINS SUBJECT TO CHANGE Featured Speakers:  Richard Doidge, MD, Maersk Oil Middle East  HE Khuloud Al Nuwais, Chief Sustainability Officer, Emirates Foundation  Markku Korvenranta, Member of Executive Board; Exec VP for Base Chemicals, Borealis  Dr. Carole Nakhle, Director, Crystol Energy Moderator: Marcus George, Associate Editor, Gulf Intelligence *B3 Session: Hosted by ADNOC R&D Division ‘Advancing Energy R&D in Abu Dhabi – All Stakeholders Aboard?’ For national and international oil companies investing in research and development (R&D) and pursuing technological innovations such as the ones that eventually led to the breakthrough in shale oil and gas in North America are integral to their long-term business strategies and to maximizing their natural resources. This is equally true for Abu Dhabi’s energy sector, where increased complexity in tapping new hydrocarbon resources means that the deployment of innovative technologies will be vital for upstream oil and gas developments in the future. To this end, ADNOC and its operating companies have begun pursuing an ambitious agenda aimed at becoming leaders in various R&D areas of local relevance such as desalination and clean technologies including CO2 EOR on the hand, and at enhancing recovery rates, safety and efficiencies on the other. To succeed, ADNOC, its OPCOs, and other sector stakeholders such as IOCs, universities and research institutes will all have important roles to play. Featured Speakers:  Dr. Leila Vandenabeele, Manager - R&D Division, ADNOC  Dr. Steven Griffiths, Executive Director, Masdar Institute of Science and Technology  Dr. Mohammed Ebrahim Al-Mualla, Senior Vice President, R&D at Khalifa University  Andrew Vaughan, Vice President & Chairman Shell Abu Dhabi Moderator: Sean Evers, Managing Partner, Gulf Intelligence *B4 Session: ‘Cyber Security: ‘Under Threat – How can Global Energy Industry Thwart Future Attacks?’ The world’s energy infrastructure is increasingly being threatened by organized cyber attacks or individual hackers. The threats to the energy industry’s Operational Technology (OT) systems arising from these attacks are enormous, potentially leading to production stoppages, decreases in product quality or even destruction of infrastructure. In the Middle East, the world’s top energy producing region and highly-dependent on revenues generated from the export of hydrocarbons, safeguarding critical infrastructure from cyber attacks is a matter of national interest. In 2013, a high-profile attack on Saudi Arabian Oil Co. (Saudi Aramco) infected as many as 30,000 of the state-run company’s machines with a destructive virus. It took Aramco weeks to recover from the damage, which caused major disruptions at the world’s largest oil producer. As more producers being targeted in the Middle East, companies are stepping up their investments in fortifying their cyber security systems in order to protect their critical infrastructure. In addition to putting in place the technological infrastructure to identify and stop the most damaging cyber-attacks, companies will also have to place greater emphasis on training and raising staff awareness about the danger of malicious activities to create a more security-focused culture. AGENDA REMAINS SUBJECT TO CHANGE Featured Speakers:  James Clark, Director of Energy & Utilities, BAE Systems Applied Intelligence  Guy Meguer, Head of Middle East for Cyber Security, Airbus Defense and Space  Fuad Al-Ansari, Vice President IT, Takreer Moderator: Anthony McAuley, Senior Business Correspondent, The National 12:30pm SESSION C: International Leadership Panel Discussion Global Fault Lines – Outlook for Energy Security: Demand & Supply? Demand security is a top priority for oil and gas producers at a time when supplies from new production centers are hitting markets and industrialized nations in particular are pursuing an agenda of limiting hydrocarbon usage. Deepening Energy security in the 21st Century has been propelled to the top of government agendas in consuming as well as producing nations. Europe, locked in a struggle with its main gas supplier Russia over Ukraine’s political future, is looking to the hydrocarbon-rich Middle East and Caspian regions as potential sources for further supply diversification. Russia, meanwhile, is targeting energy-hungry China as a future market to diversify the demand base for its resources. At the same time, violence and political instability in oil-producing OPEC nations such as Iraq, Libya and Nigeria are threatening present production and future output targets with potentially severe implications for market stability and the direction of future energy flows. Demand Security is emerging as a major concern for producers as carbon restrictions and greater efficiency technologies challenge future demand forecasts. Panel:  Xu Xiaojie, Advisor to the National Energy Administration, China  Dr. Aldo Flores-Quiroga, Secretary General, International Energy Forum (IEF)  Narendra Taneja, President, World Energy Policy Summit, India  Mussabeh Al-Kaabi, CEO, Mubadala Petroleum Moderator: Gulf Intelligence Closing Comments HE Dr. Ali Obaid Al-Yabhouni, UAE Governor for OPEC & CEO of ADNATCO-NGSCO 1:30pm Networking Lunch 2:15pm SESSION D1: Breakout Sessions D1 Breakout Session: ‘UAE-Asia Energy Relations: Two-way Street Into the Future’ As the UAE’s energy sector is positioning itself to deal with transformative trends ranging from changing global supply-demand patterns to fragile geopolitics and spiraling domestic energy requirements, new opportunities are emerging for oil companies from Asian consumer nations that weren’t traditionally involved in the country’s energy sector. The oil concession win by China National Petroleum Corp. (CNPC) in Abu Dhabi is a case in point. The same is true for Sinopec’s partnership with Saudi Aramco in the Yanbu refinery on the kingdom’s Red Sea coast. The deals are a reflection of Asian countries’ new pivot to the Middle East as they seek to safeguard crucial energy supplies to meet rising domestic AGENDA REMAINS SUBJECT TO CHANGE demand on the one hand and of their enhanced technical expertise in a sector historically dominated by Western international oil companies (IOCs) on the other. At the same time, producers such as the UAE have begun placing a greater focus on developing projects in Asia’s expanding economies in a bid to diversify assets, maintain market share and invest in projects that are more resilient to falling oil prices. Featured Speakers:  Xu Xiaojie, Advisor to China's National Energy Administration  Tom James, Co-Founder & Chairman, Navitas Resources  Albert Stromquist, Former SVP Strategy, Mubadala Oil & Gas; MD of Lanstrom Advisors Moderator: Eithne Treanor, Managing Director, ETreanor Media D2 Breakout Session: ‘Digital Oil Fields and the Birth of Big Data?’ Today, oil companies are facing an explosion in the amount and types of data that their assets generate at an ever-higher speed, changing the way they communicate and operate. Evaluating data in particular, which has always played an important role in decision-making processes in the oil industry, will become even more important going forward. As the energy industry seeks to access harder-to-reach reserves in ever-more remote and challenging environments, companies will be dealing with more complex data in their operations. Already, oil fields are increasingly connected from end to end, enabling companies to harvest and analyze ever-larger amounts of data generated by people and assets along the oil value chain in real time. Developing sound strategies to integrate and manage the increased data volumes and using it in smarter, faster ways can be a key differentiator for firms because they risk being less competitive if they do not make this data work for them. Access to data affects project economics and makes or breaks the successful application and operation of technologies such as EOR in oil fields. At the same time, educating industry professionals on the value of the data they are using and the need to handle it systematically and rigorously will be seminal to reap the benefits that comes with the application of new IT infrastructure and technologies. Featured Speakers:  Dr. Aldo Flores-Quiroga, Secretary General, International Energy Forum  Ghassan Barghouth, Oil &Gas and Industrial Segments VP - Middle East, Schneider Electric  Fuad Al-Ansari, Vice President IT, Takreer  Raheel Hannan, Principal Consultant, Performance & Insight Optimization, SAP Moderator: Marcus George, Associate Editor, Gulf Intelligence 3:00pm End of Forum