New base 542 special 17 february 2015

Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced,

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NewBase 17 February 2015 - Issue No. 542 Khaled Al Awadi

NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE

S.Arabia & UAE control 74 percent of GCC’s private wealth SG + NewBase

Since 2010, the GCC market has doubled its total private wealth from $1.1 trillion to $2.2 trillion for an overall compound annual growth rate (CAGR) of 17.5 percent, making it an even more lucrative market for local and global private bankers, a new study by management consultancy Strategy&, formerly Booz & Company, disclosed Monday.

The study estimates that at present, there are between 1.5 million and 1.6 million wealthy households in the GCC with total investable assets of around $2.2 trillion. Most of the region’s private wealth resides in Saudi Arabia (44 percent), but the UAE has made notable gains with its share of GCC’s private wealth increasing from 24 percent to 30 percent from 2009 to 2013. Together, Saudi Arabia and the UAE control 74 percent of the region’s private wealth, up from 71 percent in 2009. Dr. Daniel Diemers, Partner with Strategy& in Dubai, said: “High-net-worth individuals (HNWIs) continue to account for the largest chunk of the region’s wealth at 41 percent, followed by ultra-high-net-worth

individuals (UHNWIs) at 34 percent. However, the affluent segment has been growing the fastest over the last five years at 21 percent CAGR, more than doubling in absolute dollar terms from $261 billion in 2009 to $560 billion in 2013. However, during the same time frame, wealth creation for the region’s HNWIs, at 76 percent, and UHNWIs, at 94 percent, was hardly anemic.” According to the study, the growth of affluent households from 2010 to 2013 was strong, with total households increasing about 50 percent, from an estimated range of 850,000 to 880,000 in 2010, to a range of 1.25 million to 1.325 million. The UAE has created the most affluence in the GCC, growing its share of affluent households from 16 percent to 26 percent from 2009 to 2013.\ Jihad K. Khalil, Senior Associate with Strategy& in Dubai, said: “Powerful macroeconomic and socio-demographic forces are propelling the growth of wealthy households in the GCC.




One key driver has been the strong rebound in global equity markets as increasingly aggressive allocations among the region’s wealthiest helped them recapture value destroyed during the crisis. From 2009 to 2013, global equities saw 50 percent gains. Of the $1 trillion net increase in wealth during the period, we estimate that the global equity rally’s impact on existing wealth accounted for around 40 percent of that gain.” “The other 60 percent of the $1 trillion in net new wealth was driven by the GCC regional GDP growth, which rose steadily at an average rate of 10 percent per annum as the oil price rose and

then was sustained at near-record levels through 2014. Governments have used this windfall to spend generously on

megaprojects, infrastructure, and job creation — all of which helps to produce more income for wealthy

individuals and create a generation of newly affluent citizens and expatriates,” he added. The study showed that geopolitical events also intensified the migration of new wealth to the region. Since the start of the Arab Spring and in its aftermath, many regional wealthy households migrated to the more stable countries like the UAE. These households also moved a significant portion of their wealth to either regional or foreign banks based in the GCC countries to which they relocated. The UAE has benefited from this regional phenomenon the most and seen the largest inflows from the wider Middle East and North Africa region. In addition, sluggish macroeconomic growth in the Western hemisphere, paired with turmoil in the international financial services industry has contributed to some degree of capital being reallocated to its countries of origin, including the GCC. The study identifies key issues in the regional private banking industry, despite the surge in regional private wealth. • Although the rally in equity markets has been a boon to wealthy clients, the private bankers derive little additional revenue from these gains. In fact, when funds stay put and asset allocations are not shifted due to unchanging risk appetites or views on market direction, private bankers will see their commission income reduced as fewer re-allocations or new subscriptions occur. • The second issue is intensified competition and lack of differentiated offerings. As wealth expands in the GCC, more local and global players have entered the private banking market with largely undifferentiated offerings.




This can be a liability for these players, as GCC investors have become more selective and demanding. Local private banking players have been unable to evolve their client offering into the upper HNW and UHNW segments or starkly differentiate themselves in the market. • Private bankers also face an array of customer service issues that affect the top and bottom line. These issues are in the form of (i) legacy costs associated with old operating models and outdated branch-based coverage strategies (ii) unsophisticated advisory which lacks in tailored distinct offerings based on customer segmentation and life-stage needs (iii) and inflexible reporting systems that are outdated. “While most of these issues are not new, there is an urgent need to address them and find solutions as competition increases and wealthy clients become more demanding.

Clients want better reporting, improved accessibility and increased transparency. To deliver on these demands and create a truly customer-focused experience, private banks will need to continue to invest significantly in technology while in parallel aligning their objectives and operating models to be more client-focused and digital,” Khalil added. The other challenge that is becoming more visible in the industry is the increasing regulatory pressures. Local GCC regulators are getting stricter, managing the capital markets in ways that could potentially put some drag on growth. This could hamper the ability of GCC banks to design more efficient and streamlined offerings and service-friendly operating and engagement models, as well as prevent them from being at par with international best practices.




Egypt, Cyprus Sign Oil & Gas Related MoU http://www.financialmirror.com/news-details.php?nid=33843

Cyprus and Egypt signed a MoU pertaining to cooperation in the field of oil and natural gas, Egypt’s ministry of petroleum said in a statement. The agreement, signed by Egyptian petroleum minister Sherif Ismail and Cypriot energy minister Yiorgos Lakkotrypis on Monday in Cairo, aims to promote cooperation between the two countries in the field of development and exploitation of the discovery of Aphrodite gas.

It is the follow-up to the meeting which was held in Nicosia on November 25, 2014 between the two countries. The ministry statement said that technical solutions to transport gas through a direct sea pipeline from Aphrodite field to Egypt would be examined. Ismail said in November that Egypt is looking to import Cypriot gas both for domestic use and for possible re-export to other countries. The North African nation is reeling under severe gas shortage due to falling domestic production amid rising usage. In recent months, Cairo has signed deals to source gas from various sources.

In December, Algeria and Egypt signed a previously announced natural gas deal. As per the deal Algeria will supply 850,000 cubic meters of LNG in six shipments to Egypt during 2015. The two countries will begin fresh talks shortly regarding supply of Algerian gas during 2016-2020, the ministry said adding that negotiations will start in Cairo and will be completed by February in Algiers. Cairo is also expected to sign a deal to import LNG from Gazprom. Egypt is likely to buy 35 shipments of LNG over the next five years from the Russian company. Shell is another company likely to begin supplying gas to Egypt this year. Earlier this month reports Platts quoted Shell's Middle East and North Africa region vice president, Mounir Bouaziz, as saying that the company will supply Egypt with 1 million mt/year of LNG, starting this year. Egyptian Natural Gas Holding Co (EGAS) has also signed a contract with Trafigura to import LNG.

the Minister of Petroleum and Mineral

Resources of Egypt, Sherif Ismail and the

Minister of Energy, Commerce, Industry

and Tourism of Cyprus, Yiorgos

Lakkotrypis, signed, in the presence of

the Egyptian Prime Minister Ibrahim

Mahlab, a memorandum for cooperation

in the field of oil and gas, an official

announcement said on Monday.




Pipeline of opportunities: ‘TAPI will bring Kabul, Islamabad,

Delhi closer’ . Published in The Express Tribune, February 16th

, 2015.

The Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project will bring Afghanistan, Pakistan and India much closer, believes Dr Daud Saba, Afghanistan’s minister for mines and petroleum.

“I believe TAPI is a pipeline of opportunities. The project is a major factor for promoting peace and stability in the region and boosting cooperation among the participating countries,” he told The Express Tribune in Islamabad on Sunday. “I am confident that TAPI will lay the foundation for cordial relations between Pakistan, Afghanistan and India.”

Dr Saba disagreed with the impression that the strained relationship between Pakistan and India could have a negative impact on the project. He said representatives of both countries were ‘on the same page’ during the February 11 TAPI steering committee meeting in Islamabad.

“During the meeting, I noticed that Pakistani and Indian officials were very close to each other,” the minister, who represented Afghanistan in the huddle, said. “Pakistan, Afghanistan and India had a similar approach on the project. The three countries have common interests.”

The talks in Islamabad ‘made progress’, Dr Saba said, as the delegates of the countries participating in the project agreed for the first time to appoint a consortium leader. He added that the participants also showed their determination to vigorously pursue the implementation plan agreed upon by their countries.

The Afghan minister played down security concerns about the TAPI project. “There is no doubt that security is a problem in Afghanistan, but there is also strong determination [in the country] to deal with this challenge,” he said.

“The route of the pipeline, along the Herat-Kandahar Highway, also lies in a secure and peaceful area,” he added. “Thousands of vehicles laden with passengers and goods, use the highway and we have had no problem along the route.”

Dr Saba also said Afghan authorities had security plans for major projects in the country, many of which were implemented in the past. “We will have a similar security model for TAPI. With the help of the Afghan people, we will ensure security for this project.”




Asked as to who will foot the bill for the TAPI pipeline, the minister said all regional countries and major-multi-national institutions were interested in the project. He added that the TAPI steering committee discussed funding in the February 11 meeting and some interested parties offered

capital for it. According to reports, representatives of the Asian Development Bank attended the meeting.

To a question about the expected benefits for Afghanistan, Dr Saba said TAPI will help meet the country’s energy requirements and create thousands of jobs, and the transit fee will help increase its foreign reserves. The gas will also boost Afghanistan’s industrial sector, he added.

According to Afghan officials, Kabul is scheduled to host the next TAPI steering committee meeting. Rafiullah Sediqi, spokesman for Afghanistan’s Ministry of Mines and Petroleum, told Azadi Radio in Kabul that the meeting is likely to take place in two months. He added that the date for the ground-breaking of the project will be announced at the end of the meeting.




Norway:BG Group drills two dry wells near the Knarr field in N.Sea Source: NPD

BG Group, operator of production licence PL373 S, is in the process of concluding the drilling of

wildcat wells 34/3-4 S and 34/3-4 A. The wells were drilled about 5 kms east of the Knarr field in

the northern part of the North Sea.

The purpose of wildcat well 34/3-4 S was to investigate a large channel system in reservoir rocks in the Pleistocene. The well encountered a 250-metre thick channel system, about 50 metres of

which was of very good reservoir quality. Traces of gas were encountered in two thin sandstone layers.

The purpose of well 34/3-4 A was to prove petroleum in lower Jurassic reservoir rocks (the Cook formation). Well 34/3-4 A encountered about 110 metres of the Cook formation, 53 metres of which was sandstone with good reservoir quality and traces of gas.

Data collection and sampling have been performed in both wells. Both wells are classified as dry.

These are the fifth and sixth exploration wells in production licence 373 S. Wells 34/3-4 S and 34/3-4 A were drilled to measured depths of 1607 and 4535 metres, respectively, and vertical depths of 1584 and 4321 metres below the sea surface, and were terminated in the Hordaland group in the Miocene and the Amundsen formation in the Lower Jurassic. Water depth at the site is 406 metres.

The wells will now be permanently plugged and abandoned.

Wells 34/3-4 S and 34/3-4 A were drilled by the Transocean Searcher drilling facility, which will now move on to drill wildcat well 34/3-5 S in the same production licence.




Norway Lundin Petroleum spuds exploration well on Gemini prospect Press Release + Newbase

Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), is pleased to announce that drilling of exploration well 16/1-24 in PL338C southwest of the Edvard Grieg field, has commenced.

The well will investigate the hydrocarbon potential of the Gemini prospect. The well is located in PL338C approximately 10 km southwest of the Edvard Grieg field. The main objective of well 16/1-24 is to test the reservoir properties and hydrocarbon potential of Lower Paleocene aged sandstones of the Ty Formation. Lundin Petroleum estimates the Gemini prospect to have the potential to contain unrisked, gross prospective resources of 93 million barrels of oil equivalent (MMboe). The planned total depth is approximately 2,192 metres below mean sea level and the well will be drilled using the semi-submersible drilling rig Island Innovator. The drilling operation is expected to take approximately 40 days. Lundin Petroleum is the operator of PL338C with 80 percent working interest. OMV Norge AS is partner with 20 percent working interest. Lundin Petroleum is a Swedish independent oil and gas exploration and production company with a well balanced portfolio of worldclass assets primarily located in Europe and South East Asia. The Company is listed on NASDAQ S




France:Europa Oil & Gas farms out Tarbes Permit to Vermilion Europa Oil & Gas

AIM-listed Europa Oil & Gas has signed a Farm-Out Agreement (‘FOA’) in relation to its 100%

owned Tarbes Val d’Adour Permit onshore France withVermilion REP SAS, a wholly owned

subsidiary of Vermilion Energy, a Calgary, Alberta based international oil and gas producer.

Tarbes has previously produced oil from two fields and is located in the Aquitaine basin close to

the giant Lacq - Meillon gas fields. This update is in line with Europa’s strategy to advance and

monetise its multi-stage portfolio of licences.

• Under the terms of the FOA, Vermilion acquires an 80% interest in, and operatorship of, Tarbes with Europa holding the remaining 20% interest. • Should Vermilion decide to proceed with exploration activities, they will assume 100% of the cost of an optional work programme, which may include seismic acquisition/reprocessing and drilling operations up to a total of €4.65 million. Once costs above this level are incurred, Europa will be responsible for its 20% share of future work programme costs • Tarbes contains several oil accumulations that were previously licensed by Elf but were abandoned in 1985 due to a combination of technical issues and low oil prices. Two fields, Jacque and Osmets, were drilled using vertical wells and generated modest production.




• The FOA is subject to the relevant approvals being granted by the French authorities – for the transfer of equity and operatorship to Vermilion and obtaining an extension for the permit. Both these approvals processes have already started. The farm-out process for Europa’s other French permit 'Bearn des Gaves', also in the Aquitaine basin, is on-going in parallel with planning and permitting for a Berenx shallow well to evaluate the 107 bcf gross mean un-risked contingent resources. A lease has been obtained for the drill site and drilling permit documentation is currently being exchanged with the French authorities. Europa’s CEO, Hugh Mackay said, 'Vermilion is the leading exploration and production company currently active in France with net production of approx. 11,000 boepd. They have an excellent technical and operational track record with specific experience of workovers, infill drilling, and secondary recovery opportunities. They are the ideal partner for us on this permit, and we look forward to working alongside them, as we progress Tarbes up the value curve.

'2015 promises to be an exciting year with operations at Wressle and Kiln Lane continuing as previously announced. We will provide further updates with respect to progress when appropriate. We also anticipate the possibility of expanding our UK portfolio via the 14th onshore licensing round and most importantly a drill decision by Kosmos on our Irish licenses. Following on from our announcement last week about testing oil at Wressle completing the first French farmout is another good start to the year.'

Current activity on the Permit is focussed on maturing the shallow gas prospects with the intention of delivering well locations. Europa intends to farm-out this Permit. Field Re-development and associated Exploration - Tarbes Val d'Adour

Licence (100%)

The Permit has been extended until 18 January 2015. Tarbes Val d'Adour contains several oil accumulations that were previously licensed by Elf but were abandoned in 1985 due to a combination of technical issues and low oil prices. Two fields, Jacque and Osmets, were drilled using vertical wells which generated modest production levels.




Angola: Oil majors focus on Angola DeepWater + NewBase

As the second largest oil producer in Africa, Angola is heavily dependent on the oil sector, making it vulnerable to oil price fluctuations, Douglas Westwood, an energy intelligence firm writes in its “DW Monday” report. In addition, drilling costs offshore Angola are very high, and DW forecasts a resultant drop in deepwater completions in Angola in 2016.

Deepwater to the rescue

Despite this set-back, Angola’s deep and ultra-deep projects are key to driving offshore production during a period of reduced spending and retrenchment.

DW does not expect to see projects that are past FID being cancelled and many projects have been under construction for a number of years and will start up in the coming three years. The recent start-up of Eni’s West Hub and Total’s CLOV projects form the basis of DW’s positive short-term forecast: DW expects Angola to meet its 2015 target production of 2 million barrels of oil per day.

As cuts to expenditure are announced, operators like BP and Total are looking to core assets in Angola as a focal point for spending over the next three years. Importantly, Total launched the development of the Kaombo ultra-deep project in April 2014, bringing online a potential 230,000 barrels of oil per day following start-up in two years’ time. Chevron, ExxonMobil and Eni also have major deepwater oil projects in Angola, collectively adding a peak capacity of nearly 1 million barrels per day. These are all due to start production before 2018. DW forecasts a dip of 2.3% in offshore oil production in 2016, before recovering to 2.2 million barrels of oil per day in 2021.

The downturn offers exploration opportunities for larger oil companies, with potential for expansion in Angola as smaller companies apply for farm-in partners and Sonangol aims to sustain investment. Eni have staked their claim, securing a three year extension for exploration work near their Angolan assets. Repsol has also displaced an exploratory vessel from the Canary Islands for a venture offshore Angola.

A focus on core assets, and even the expansion of assets in Angola has been the message from several major oil companies at the start of 2015, safeguarding Angola through a period of oil price turbulence, DW writes.




U.S. 2014 LNG imports nosedive in 2014 LNG World News + NewBase

LNG imports into the U.S. dropped 39,2 percent in 2014 to 50.1 Bcf, as compared to the year before, according to the U.S. Department of Energy data.

The U.S. imported 26 liquefied natural gas cargoes in 2014, with no imports recorded in November, according to the data.

Most of the cargoes were shipped from Trinidad and Tobago, and Yemen. The Everett LNG terminal received the majority of the LNG, followed by the Cove point import terminal.

The country exported five cargoes of the chilled gas from Conoco’s Kenai facility in Alaska. All of them were delivered onboard the Excel LNG tanker to Japan’s Kansai Electric.

One cargo was also re-exported in February last year from the Freeport LNG terminal to Brazil.




Oil Price Drop Special Coverage

Oil rose to near $62 a barrel on Monday, supported by concerns over the escalating conflict with Islamic State militants in Libya and predictions of lower supply levels in the second half of the year. Egypt's air force bombed Islamic State targets inside Libya on Monday and Cairo renewed calls for a US-led coalition to confront militants there, a day after the group released a video appearing to show the beheading of 21 Egyptians. "The geopolitical risk is not something to write off," said Olivier Jakob, oil analyst at Petromatrix in Zug, Switzerland. Libya's oil production has mostly shut down, falling to 350,000 barrels per day (bpd) from 1.6 million bpd before the 2011 ousting of leader Muammar Gaddafi. The El Sarir oil field was still unable to pump oil on Monday after a pipeline was attacked and set on fire. Further supporting the market, Kuwait's oil minister said oil prices would continue to rise in 2015 as supply levels fell. "Hopefully in the second half of 2015 we will see better prices," said the minister, Ali Al-Omair. Benchmark Brent futures traded at $61.93 a barrel, up 41 cents, by 1257 GMT. US crude was up 20 cents at $52.97 a barrel. Trading volumes were reduced as US markets remained closed for a public holiday. Oil markets rose strongly last week after another drop in the U.S. rig count, pushing Brent back above $60 a barrel for the first time since December. The price of Brent crude has increased by




more than 30 percent since January, supported by signs of lower oil industry spending. In January it hit $45.19, the lowest in almost six years, down from $115 last June. Kuwait's Omair said the current oil surplus was now "definitely lower" than 1.8 million barrels per day. "The big guessing game is whether we are now moving to a range from $60-68, or whether we're about to turn south again and head back below $60 or possibly $50," said Jeffries oil broker Christopher Bellew. The loss of output from Libya comes as Iraq's southern oil exports have fallen sharply to below 1.5 million bpd in the first two weeks of February, shipping data tracked by Reuters showed. Oil Rises as OPEC Producers Signal Optimism Over Market Recovery Bloomberg + NewBase Oil traded at the highest price in almost two months in London as OPEC ministers signaled confidence that the market can sustain its rebound.

Futures advanced as much as 1.1 percent, gaining for the third time in four days. There’s a sense of optimism in rising prices and the trend has changed over the past two weeks, Qatar’s Energy Minister Mohammed bin Saleh Al Sada said on Monday. The global supply glut is smaller than a previously estimated 1.8 million barrels a day, according to Ali Al-Omair of Kuwait, the third-largest producer in the Organization of Petroleum Exporting Countries.

Oil is recovering from the lowest prices in almost six years as drillers in the U.S., which is pumping crude at a record pace amid a shale boom, reduced the number of active rigs to the fewest since August 2011. The market is shifting its focus to tightening supply, according to Standard Chartered Plc.

“We’ve seen the rig numbers, that will impact estimates going forward,” David Lennox, a resource analyst at Fat Prophets in Sydney, said by phone. “There are forecasts for lower production by the end of 2015, especially out of the U.S., and that’s put a halt on the downtrend.”




Brent for April settlement climbed as much as 68 cents to $62.08 a barrel on the London-based ICE Futures Europe exchange and was at $62.02 at 1:19 p.m. Singapore time. The contract fell 12 cents to $61.40 on Monday. The volume of all futures traded was about 39 percent below the 100-day average.

Price ‘Optimism’

West Texas Intermediate for March delivery was up 35 cents from Friday’s close at $53.13 a barrel in electronic trading on the New York Mercantile Exchange. The floor session was suspended on Monday for the U.S. Presidents’ Day holiday and transactions will be booked Tuesday for settlement purposes.

OPEC, which supplies about 40 percent of the world’s oil, on Feb. 9 made the deepest cut in at least six years to its monthly projection for output growth from other producers, predicting the market’s drop means U.S. drillers will pump less than previously anticipated.

“Brent is near $62 and there’s a sense of optimism surrounding this issue,” Qatar’s Al Sada said at an annual meeting of Mesaieed Petrochemical Holding Co. U.S. drillers reduced the number of rigs in service by 84 to 1,056, according to Baker Hughes Inc., an oilfield services company. Companies have idled 519 machines the past 10 weeks, a 33 percent reduction, the data showed.

Rig Counts

The decrease in rig counts isn’t enough to stop production growth, said Goldman Sachs Group Inc. Lower prices may be needed to balance the market because U.S. output could still expand by 600,000 barrels a day in the fourth quarter, compared with a year earlier, the bank said in a note on Monday.The nation’s oil boom has been driven by a combination of horizontal drilling and hydraulic fracturing, which has unlocked supplies from shale formations including the Permian and Eagle Ford in Texas and the Bakken in North Dakota. Production averaged 9.23 million barrels a day through Feb. 6, the most in weekly Energy Information Administration records dating back to January 1983.

Brent has technical resistance at $61.83 a barrel, according to data compiled by Bloomberg. That’s the 23.6 percent Fibonacci retracement of the slide from a nine-month intraday high of $115.71 in June to January’s low of $45.19. Sell orders tend to be clustered around chart-resistance levels.




Bahrain: MEOS-15 Conference to start March 11th www.meos2015.com/ + NewBase

Oil & Gas Professionals will converge on the Bahrain International Exhibition and Convention Centre next month to debate and shape the future of the oil and gas industry in the region. They will be at the 19th Middle East Oil and Gas Show and Conference (MEOS 2015) being held under the patronage of His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa from March 8 to 11, said a report in the Gulf Daily News (GDN), our sister publication.

Organised by the Society of Petroleum Engineers (SPE) and Arabian Exhibition Management (AEM), MEOS 2015 is billed as one of the largest and best attended technical events of its kind in the region. The multidisciplinary conference programme includes 42 technical sessions with more than 300 papers on topics covering reservoir, production and facilities, exploration and appraisal, drilling and completions, project management, human resources, business models, and health, safety, security and environment. The executive plenary session will address this year's conference theme 'Energy Beyond Limits Through Innovation and Collaboration' and will look at how the exploration and production industry is transforming and pushing limits through innovation coupled with collaboration to provide world energy needs, efficiently, responsibly, and with maximum value. Daily panel sessions at MEOS 2015 feature chief executives, managers and presidents of national and international oil companies and the service industry. Discussion topics include academic and industry collaboration to develop future talent, in country value, what makes unconventional resources an economic reality, environmental stewardship, innovative collaboration, and cyber security in the energy sector. “With a strong technical programme and comprehensive exhibition, companies and delegates alike can utilise MEOS 2015 to learn, forge business relationships, share expertise, and create new technologies in one of the most prolific hydrocarbon regions in the world,” Arabian Exhibition Management's director of sales and marketing Fawzi Al Shehabi said. “The era of easy oil is over, but despite increasingly challenging environments and exacting producing horizons, the upstream industry continues to meet world energy demand. “It is an ambitious undertaking we tackle head-on, safely and successfully, through innovative and collaborative efforts between energy suppliers, service companies and academia.




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Khaled Malallah Al Awadi, Energy Consultant MS & BS Mechanical Engineering (HON), USA Emarat member since 1990 ASME member since 1995 Hawk Energy member 2010

Mobile : +97150-4822502 [email protected] [email protected]

Khaled Al Awadi is a UAE National with a total of 25 years of experience in the Oil & Gas sector. Currently working as Technical Affairs Specialist for Emirates General Petroleum Corp. “Emarat“ with external voluntary Energy consultation for the GCC area via Hawk Energy Service as a UAE operations base , Most of the experience were spent as the Gas Operations Manager in Emarat , responsible for Emarat Gas Pipeline Network Facility & gas compressor stations . Through the years , he has developed great

experiences in the designing & constructing of gas pipelines, gas metering & regulating stations and in the engineering of supply routes. Many years were spent drafting, & compiling gas transportation , operation & maintenance agreements along with many MOUs for the local authorities. He has become a reference for many of the Oil & Gas Conferences held in the UAE and Energy program broadcasted internationally , via GCC leading satellite Channels.

NewBase : For discussion or further details on the news above you may contact us on +971504822502 , Dubai , UAE

NewBase 17 February 2015 K. Al Awadi




Economy & Finance

New base 542 special 17 february 2015