18 Congress at a Critical Time for Petroleum
Dr. E.M.Q. Røren
WPC President
Oslo SPE 6th Sept.2005
What is the World Petroleum Council (WPC)?
• International organisation
• Secretariat in London
• Established in 1933 - 72 years young
• 62 national member countries
• OPEC and Non-OPEC members
• Congress is held every three years – 4-5000 delegates and up to 90 countries involved
• Regional meetings /work shops in between
WPC Member CountriesWPC Member Countries Algeria
Angola
Argentina
Australia
Austria
Belgium
Bolivia
Brazil
Canada
China
Colombia
Croatia
Cuba
Czech Republic
Denmark
Egypt
Finland
France
Gabon
Germany
Hungary
India
Indonesia
Iran
Israel
Kazakhstan
Korea
Kuwait
Libya
Lithuania
Mexico
Mozambique
Netherlands
Nigeria
Norway
Pakistan
Papua New Guinea
Peru
Philippines
Poland
Qatar
Romania
Russia
Saudi Arabia
Serbia
Slovenia
South Africa
Spain
Sweden
Turkey
UK
Ukraine
Uruguay
USA
Uzbekistan
Venezuela
Vietnam
• Representing• World Oil Production >90%• World Oil Consumption >90%• World Gas Production >90%• World Gas Consumption >90%
WPC Membership
Purpose of WPC:
To promote the management of the world’s petroleum resources for the benefit of mankind.
It aims to encourage the application of scientific and technological advances and the study of economic, financial, managerial, environmental and social issues relating to the petroleum industry .
History of WPC Congresses
2005 - 2005 - JohannesburgJohannesburg2002 – Rio2002 – Rio 2000 – Calgary 2000 – Calgary 1997 – Beijing1997 – Beijing1994 – Stavanger 1994 – Stavanger 1991 – Buenos Aires 1991 – Buenos Aires 1987 – Houston 1987 – Houston 1983 – London 1983 – London 1979 – Bucharest1979 – Bucharest
1975 – Tokyo1975 – Tokyo1971 – Moscow 1971 – Moscow 1967 – Mexico 1967 – Mexico 1963 – Frankfurt 1963 – Frankfurt 1959 – New York1959 – New York1955 – Rome1955 – Rome1951 – The Hague 1951 – The Hague 1937 – Paris 1937 – Paris 1933 – London1933 – London
Congress Theme
Shaping the Energy Future:Partners in Sustainable Solutions
This theme reflects the continuing efforts of the petroleum industry to meet consumers growing demand for cleaner, reliable and efficient energy supply. It also recognizes that in addressing the challenges of the future, the petroleum industry must continue to take action in partnership with its key stakeholders as they jointly seek solutions that are consistent with the principles of sustainability: affordable,
environmentally sound and socially acceptable.
•International Petroleum Industry Environmental Conservation Association (IPIECA)
•United Nations – UNEP, UNFCC,UNECE
• World Energy Council (WEC)
• International Union of producers and distributors of electrical energy (UNIPEDE)
• The Uranium Institute (UI)
• World Coal Institute (WCI)
• Forum and International Chamber of Commerce (ICC)
• International Gas Union (IGU)
• International Association of Energy Economists (IAEE)
•Organisation for Petroleum Exporting Countries (OPEC)
•International Energy Agency (IEA)
•Oil and Gas Producers Association (OGP)
Liaison with other organisationsLiaison with other organisations
18th Structure• Block 1: Upstream• Block 2: Downstream and Petrochemicals• Block 3:Natural Gas and Renewables• Block 4: Managing the Industry• Africa Session• Special Roundtable Sessions• Country Presentations• Lunches
Blocks• Plenary addresses
• CEO-level Roundtables
• Review and Forecast Papers(RFP)
• Forums (F)
• Poster Sessions
Africa Session• Key topics relevant to the industry in the
African continent
• E&P
• Infrastructure and refining
• Resources and reserves
• Corporate Governance
Special Roundtable Sessions• Recruiting and retaining young people• Global impact of intl. E&P standards• Revenue transparency initiatives• Climate change initiatives• Distribution and transporation of gas• Role of service providers• Reserves and Resources
(SPE/WPC/AAPG/UNFC)
Luncheons• WPC Excellence Awards 26th (tech.&soc.)
• Social Responsibility 27th
• OPEC/IEA 28th
• Africa 29th.
Totals• About 320 papers• About 500 speakers and panel members• Key people from the industry and orgs.• Dewhurst lecture: Lord John Browne• Two plenaries from Norway:
Eivind Reiten and Øystein Dahle• One RFP Norway: Prof. Anders Holmen• One RTB Norway: Sigurd Heiberg, Stl
Social• Opening : President Mbeki.25th Sept.
• Africa Night 27th
• Closing 29th.
• Tours.
History
1850 1900 1950 2003
Nuclear
Oil
Trad. renewables
Coal
Gas
Hydro
12
0
Gto
e
Reserves
Future
• Increased Exploitation of oil and gas
• New applications of oil and gas
• Carbon dioxide Sequestration
• No Footprint – improving environ. quality
• Be Good global citizens
EconomicEconomic SocialSocial EnvironmentalEnvironmental
• Gradual transition to other
energy sources
Carbon Hydro- Carbon
Hydrogen
CO2-Emissions
•Supply and demand – social scientists/economists/environmentalists
•Laws of thermodynamics - scientists
•Life Cycle Analysis
The Petroleum Industry (as part of WPC) is:
• Developing solutions and responses
that are socially, economically and environmentally acceptable, by:
• Developing partnerships with UN bodies, global organisations (OPEC,IEA)and other industry associations (IGU,SPE,WEC,IPIECA)
• Searching for cost effective solutions based on sound science and technology, and
• Conducting consultations with key stakeholders
Social Concerns. Sustainability.
“Meeting the needs of the present generation without compromising the ability of future generations to meet their
own needs.” Gro Harlem Brundtland
Business concerns. A sustainable company is one that will last;
that has embraced sustainable development
Sustainable business: one that enhances long-term shareholder value by addressing the needs of all relevant stakeholders and adding economic, environmental and social value through its core business functions.
Conclusions
• The cold war is history, but the world is uneasy
• For business, there are financial, environmental and social pressures
• Limits on what the industry can do, or ought to do
• Petroleum is very central to cover energy needs
• Science and technology has been, and will remain essential to future progress
• The future is more oil and gas, but with cleaner production, processes, products and usage.
• The future is also more energy efficiency
www.world-petroleum.orgwww.world-petroleum.org