Oil & Gas Brief UKTI US Network Conference 2008

Presented by:Azeemeh Zaheer Vice Consul - Oil & Gas 1000 Louisiana, Suite 1900Houston, Texas 77002

OPEC

Natural Disasters Refinery

Outages

Economic Growth

Availability of Resources

National Oil Companies

Political Issues

PRICE OF OIL

Speculators

Market Overview / Oil Prices

Market Overview Continued

•Oil and Gas Supply Chain •Operators

Major Oil CompaniesLarge Operators Mid – Tier Independents

•Unconventional and High Resource Plays •Future Outlook

Regulatory Uncertainty for US Oil & Gas

•Potential Windfall Tax •Potential Rollback of Offshore Areas•Loss of 2% Tax – Cut?•Cap and Trade Legislation

Issues of Today: Opportunities and Threats

•Rusting Steel •Human Capital •Education

Emergence of NOC and National Service Companies

•Overview •The NOC Advantage •NOC Economics

IOCs & the Potential Growth Issue

•Overview •Growth Issues •Advantages

Industry Key Trends

•No more MLPs •Subsea Technology •Natural Gas •Asian Onshore Development

Cross Over Technology from O&G

•Oil & Gas – NanoTechnology •Oil & Gas – Life Sciences •Oil & Gas – ICT

UK Oil and Gas

•North Sea Overview and Issues

•The UK Advantage:•Access to E&P Infrastructure •Access to Special Materials •Access to Talent •Advanced Project Management •Advanced Corrosion

Activities of Late / UKTI Houston

•OTC •GPS •ONS / Roadshow •Gas Workshop •GOM Subsea Mission

Oil and Gas Team [aka “ Brown Team”]

Azeemeh Zaheer, VC Jessica Roch, BDARegina Johnson, BDA

Renewables Team [Aka “Green Team”]

Joanne Howard, VC Erick Bakken, BDA

Melissa Stienmentz, BDA

International Energy Team - Houston