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 Exajoule World Energy Consumption by Source, Based on Vaclav Smil estimates from Energy Transitions: History, Requirements and Prospects together with BP Statistical Data for 1965 and subsequent 11 th Global Supply Chain and Logistics Summit 28 Nov 2018 www.sclgsummit.org
Correlation: Rigs vs Production 4,500 15,000 4,000 13,000 Rig Count Production 3,500 11,000 3,000 9,000 2,500 2,000 7,000 1,500 5,000 1,000 3,000 500 0 1,000 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 Source: BHGE Rig Count 11 th Global Supply Chain and Logistics Summit 28 Nov 2018 www.sclgsummit.org
Peak Oil Demand 9 Feb 2011 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 11 th Global Supply Chain and Logistics Summit 28 Nov 2018 www.sclgsummit.org
The End of Fossil Fuels Estimated Years of Supply Oil 51 Natural Gas 53 Coal 114 0 50 100 150 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 11 th Global Supply Chain and Logistics Summit 28 Nov 2018 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 11 th Global Supply Chain and Logistics Summit 28 Nov 2018 www.sclgsummit.org
Thank You 11 th Global Supply Chain and Logistics Summit 28 Nov 2018 www.sclgsummit.org
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