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perspective in the region and the globe Presented by: Carl G. - - PowerPoint PPT Presentation
perspective in the region and the globe Presented by: Carl G. - - PowerPoint PPT Presentation
Presentation Title: Oil and Gas and energy industry perspective in the region and the globe Presented by: Carl G. Daniel 11 th Global Supply Chain and Logistics Summit 28 Nov 2018 www.sclgsummit.org World Energy Consumption Renewables = 57.6
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SLIDE 3
28 Nov 2018
11th Global Supply Chain and Logistics Summit www.sclgsummit.org
Correlation: Rigs vs Production
1,000 3,000 5,000 7,000 9,000 11,000 13,000 15,000 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
Rig Count Production
Source: BHGE Rig Count
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28 Nov 2018
11th Global Supply Chain and Logistics Summit www.sclgsummit.org
9 Feb 2011 Peak Oil Demand
We must recognize that world oil production will likely peak in the early 1990's, and from that point on will be on a declining curve. By the early part of the 21st century, we must face the prospect of running out of oil and natural gas." — 1977 US Department of Energy
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28 Nov 2018
11th Global Supply Chain and Logistics Summit www.sclgsummit.org
The End of Fossil Fuels
114 53 51 50 100 150 Coal Natural Gas Oil
Estimated Years of Supply
Source: BP Statistical Review of World Energy
The Stone Age didn’t end for lack of stone, and the oil age will end long before the world runs out of oil. ~ Ahmed Zaki Yamani
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28 Nov 2018
11th Global Supply Chain and Logistics Summit www.sclgsummit.org
Future of Energy
Middle East
External
- Peak Oil Demand
- Rise of Renewables
- Petrochemicals
Internal
- Localization
- Logistics
- Collaboration / Consolidations
- Smart Drilling (Enhanced Recovery)
- Digital Transformation
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