Irkutsk Oil Company: Exploration can uncover surprises that sustain growth
Yuriy Rubin, Chief Financial Officer, Irkutsk Oil Company
Irkutsk Oil Company has enjoyed great success recently, with a growth rate of 65 percent for the last five years, and 2.3m tonnes of liquids produced in 2012, double that of the previous year. Chief Financial Officer Yuriy Rubin outlines some of the key details of its expansion, with the acquisition of licenses in east Siberia and new plans for the highly productive Yaraktinsky field, and how this has gone hand-in-hand with a commitment to increasing efficiency and reducing waste.
Vlad Voskoboinikov and Vasily Mozgovoi, Tatneft
Russia was the second largest producer of crude oil in 2011, with production averaging more than 10 million barrels per day. Vlad Voskoboinikov and Vasily Mozgovoi of Russian operator Tatneft discuss the company’s origins and prospects, and outline the tax incentives available for oil companies in Russia working on hard to recover oil reserves.
November 14, 2012 Category: Energy
Omran Abukraa, General Manager, Arab Drilling and Workover Company (ADWOC)
Libya’s oil production has been approaching pre-revolution levels much faster than expected – but has the recovery stalled amid new unrest? Omran Abukraa discusses the security threat to Libya’s plans to grow oil output 40 percent in three years, ADWOC’s investments in new technology, and the company’s plans for expansion into Iraq and Syria
November 2, 2012 Category: Energy
Pham Tien Dung, President and CEO, PV Drilling
Oil and gas production in Vietnam enjoyed compound annual growth of 3.7 percent in 2000-09, and is expected to grow 2.8 percent a year over the next two decades. Pham Tien Dung discusses PV Drilling’s origins as a domestic competitor in a multinational-dominated jurisdiction, the importance of using the latest, most efficient technology, and how giving something back to the nation is imperative for the company.
October 26, 2012 Category: Energy
Chris Faulkner, CEO, Breitling Oil and Gas
The huge increase in shale gas production in recent years has turned the market on its head. The US in particular has transformed from the world’s biggest importer of natural gas to a sizeable exporter, after discovering 200 years-worth of reserves. At the the forefront of developing, acquiring and exploring emerging basins is Breitling Oil and Gas. CEO Chris Faulkner explains the emerging global trends in natural gas production, and the factors that make it a worthy investment.
October 24, 2012 Category: Energy
Juan José Suárez Coppel, CEO, Pemex
As a state-owned enterprise, Pemex’s responsibilities to the people of Mexico – economically, environmentally and developmentally – are the foundation of its operations. For decades the Cantarell field was strategically vital to the company and the country, but in recent years production has rapidly declined. Juan José Suárez Coppel discusses Pemex’s strategies to maximise the output from its 30 years of proven reserves, and the exploration to secure a further 30 years of hydrocarbon prosperity for Mexico.
June 8, 2012 Category: Energy
Juan Bautista Ordóñez, Director of Institutional Affairs, YPF SA
As Argentina’s leading energy company and one of the largest employers in the country, YPF takes its corporate social responsibilities very seriously. Juan Bautista Ordóñez discusses how YPF’s first CSR activities started 90 years ago, decades before the phrase was even coined, and continue strong to this day; with 61 initiatives supporting communities all across Argentina, in everything from health to education to culture.
June 4, 2012 Category: Energy
José Francisco Arata, President, Pacific Rubiales Energy Corp
Pacific Rubiales is working on two big technological innovations. STAR – Synchronised Thermal Additional Recovery – could increase the recovery factor in heavy oil reservoirs from 15 to 45 percent. Llanomulsion could significantly reduce the costs of pipeline transportation. José Arata discusses the company’s progress and the positive implications for its bottom line.
March 5, 2012 Category: Energy
Surong Bulakul, CEO, Thai Oil Public Company
Thaioil operates Thailand’s most productive refinery, but has been diversifying over recent years into a broader energy converting company. Surong Bulakul discusses how the company’s flexibility, efficiency and reliability have helped it refocus on new markets and higher value products; and integrating CSR activity into everyday operations.
March 2, 2012 Category: Energy
Tony Hayward, CEO, Genel Energy International
Kurdistan is the “last easy oil province,” says ex-BP boss Tony Hayward. The country was embroiled in conflict for decades when the rest of the Middle East was being explored for oil, but today it has emerged as one of the world’s last on-shore prospects. The new CEO of Genel Energy discusses the company’s assets in the region, its $2bn balance sheet, and its plans to diversify.
February 27, 2012 Category: Energy