1ENERGY LEADERSHIP AND OUTLOOKOTC Special Sessionby Olivier APPERT,CEO IFPHouston, May 2, 20052Three main challenges On going energy demand growth Resources of non renewable energy Climate change3World Energy Demand05001,0001,5002,0002,5003,0003,5000 20,000 40,000 60,000 80,000 100,000 120,000GDP (billion $(1995) using PPPs)MtoeMobility Electricity demand1971203020004Cumulative Energy Investment 2003-2030 0500 1 000 1 500 2 000 2 500 3 000 3 500OECD North AmericaOECD EuropeOECD PacificTransition economiesChinaOther AsiaMiddle EastAfricaLatin Americabillion $ (2000)Coal Oil Gas ElectricityPower sector absorbs 62% of global energy investment in the period 2003-203055 MAJOR CHALLENGES FORA SUSTAINABLE DEVELOPMENTRenew and Extendworld hydrocarbonreservesDevelopclean andefficient processesfor refining andpetrochemicalDiversify energymix : transport fuel and hydrogenReduce the emissions and fuel consumption of transport vehiclesDevelop CO2 capture &storage technologyWhat are the bottlenecks ?6UPSTREAM CHALLENGES :Renew and extend world hydrocarbon reservesseismic imaging of geological complex structures integration : seismic interpretation constrained by geologybasin modelingIncrease explorationsuccess ratioIncrease hydrocarbon recovery factor(from 35% 50% )upscaling : --> EOR from pore scale to reservoir scale reservoir modeling : uncertainties managementmonitoringcomplex production schemes and productivity7UPSTREAM CHALLENGES :Renew and extend world hydrocarbon reservesAccess" technological hydrocarbons"ULTRA DEEP RESERVOIRS (6000m)Caracterisation : seismic imagingForecasting of pressureTechnologies for ultra deep drillingEXTRA HEAVY OILSViscosity reductionIn situ refiningIn situ combustionULTRA DEEP OFFSHORE(3000m)Management of the fluids from the field to the surfaceNew materials for light structures8UPSTREAM CHALLENGES :Renew and extend world hydrocarbon reservesDevelop natural gasReducetransportation costsLong distance transportation through gas pipesLiquefaction and transportation of LNGCompressed natural gas transportationAcid gas treatmentsProcesses to treat gaswith high H2S/CO2content + reinjectionNew Outlet : chemical conversion (GTL)http://www.ifp.fr