Gordon Ballard

Executive Director

International Association of Oil & Gas Producers

Your Energy Future; A Question of Balance

Unlocking Global Markets

Gordon Ballard

Executive Director, IOGP

The UK Oil and Gas Industry – Open For Business

AECC, Aberdeen, 15 June 2016

Your Energy Future: A Question of Balance

76 Members around the world

Anadarko

API

Baker Hughes

CAPP

Chevron

CNR International

ConocoPhillips

Devon Energy

ExxonMobil

Hess Corporation

Husky Energy

IADC

IAGC

Kosmos Energy

Marathon Oil

Noble Energy

Pemex

Schlumberger

Suncor

North AmericaASSOMMINERARIA

BP

Cairn Energy

DEA

DONG Energy

E.ON Ruhrgas

Energy Institute

ENGIE

Eni

GALP Energia

IECO

IOOA

IPIECA

Maersk Oil

MOL plc

NOGEPA

Norwegian Oil & Gas

Oil Gas Denmark

Oil & Gas UK

OMV

Perenco Holdings

Premier Oil

Repsol

Shell

Statoil

Total

Tullow Oil

WEG

Wintershall

Europe

ARPEL

IBP

Pan American

Petrobras

Pluspetrol

South America

Sasol Sonangol

AfricaJSOC Bashneft NCOC

Russia & Caspian region

APPEA

BHPBilliton

Cairn India

CNOOC

INPEX

Origin Energy

Papuan Oil Search

Petronas

PTTEP

Woodside

Asia & Australia

ADNOC

CC Energy Development

Dolphin Energy

Dragon Oil

Kuwait Oil

Qatar Petroleum

RasGas

Yemen LNG

ZADCO

Middle East

Map shows locations of Member Head Offices. Many operate globally

3

JIP33 - Standardisation of Equipment Specifications for Procurement

• Facilitated by IOGP, supported by the World Economic Forum

• Focussing on three items to prove the concept

• Looking to enact real culture change in operating companies

• Moving vision from concept to reality, by engaging CEOs

• Emphasising the importance of collaboration to enable industry-level standardisation

Participating members: BP, Chevron, Engie, Eni, ExxonMobil, Maersk, OMV, Pemex, PTTEP,

Repsol, Saudi Aramco, Shell, Sonangol, Statoil, Total, Wintershall and Woodside

Ball valves

Subsea Xmas trees

Low voltage switchgear

4

Oil’s unique advantages…in transport and beyond

“Oil is one of the most important

commodities in the world playing an

important part in some of the biggest

industries… The high energy density and

easy availability have made mankind

almost completely dependent on oil for

most of his needs.” Green World Investor

Oil remains essential for efficient

transport – particularly as a

lubricant and as an aviation fuel.

5

Natural gas: a growing energy source

Making the best use of

existing technology and

infrastructure.

Abundant, affordable

and cleaner-burning.

6

IEA: the 2° scenario

© OECD/IEA 2015 World Energy Outlook, IEA Publishing,. Licence: www.iea.org/t&c

According to the IEA’s ‘2° Scenario’, oil and gas will still be needed alongside nuclear and renewables.

However, since renewables are less efficient, more energy will be lost in processing.

The role for coal will be even smaller.

World energy demand by fuel and sector in IEA’s “2° Scenario”, 2040

7

Gordon Ballard

Executive Director, IOGP

The UK Oil and Gas Industry – Open For Business

AECC, Aberdeen, 15 June 2016

Your Energy Future: A Question of Balance

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