PETROSCAN (Special Issue: 20th WPC Doha)

The 20th World Petroleum Congress -2011, was held, at Doha, between 4th -8th December. It was first WPC in the middles east, and its host company Qatar Petroleum organised, at its newly constructed National Convention Centre, in an exemplary manner. In fact this gigantic convention centre was inaugurated with the opening of WPC Doha. Over 5000 delegates from across the globe participated in this spectacular congress and exhibition. Mr Ashok Anand DG, Petrotech and Mr Anand Kumar Director, Petrotech, participated in this 5 days events filled with some great plenary, Special, and technical sessions, besides hugely attended ministerial sessions. The Indian contingent was lead by the Honourable Minister of Petroleum and Natural Gas, who addressed the Indian Ministerial session, along with Shri G C Chaturvedi, Secretary, MOPNG, Mr Sudhir Vasudeva, CMD ONGC , Mr Raju, JS , MOPNG, and Mr D. Pathak, Director, MOPNG. During this WPC, Chairman Petrotech, Mr Sudhir Vasudeva, Mr Ashok Anand , and Mr Anand Kumar met President and DG of WPC, for exploring avenues for collaborative work . Members of organising committee of Petrotech-2012, also participated in the WPC Doha event. This special issue of PetroScan on WPC Doha, has been brought out to provide some glimpses of the congress: Hope, you would like it

Doha, 05 December 2011 - The 20th World Petroleum Congress organising committee confirmed today, following its first Congress Day, that registrations have increased from the numbers predicted, to reach over 5,500 delegates. More registrations are expected in the upcoming days, inching the 20th WPC closer to the 6,000 delegate mark. This would further improve the 20th Congress's position as the

biggest summit of its kind ever hosted in Qatar and the biggest in WPC history. The accompanying World Petroleum Exhibition also saw a large number of trade visitors, supported by the presence of some of the world's biggest oil, gas and energy firms. Present at the Qatar National Convention Centre during the exhibition days are leaders in several associated sectors including finance and law, as well as national stands representing World Petroleum Council member countries. The Congress, which welcomed registered guests from 100 countries, commenced on Sunday with a Gala opening ceremony at the Doha Exhibition Centre. On Monday, His Highness the Emir of the State of Qatar, Sheikh Hamad bin Khalifa Al Thani hosted the inaugural session and delivered the opening address of the Congress, following the welcome address by His Excellency the Minister of Energy and Industry of the State of Qatar, Dr. Mohammed bin Saleh Al-Sada.

Qatar's Minister of Energy and Industry also participated in the first plenary session "Energy Solutions from the Middle East" alongside H.E. Dr. Abdul Hussain Bin Ali Mirza, Minister of Oil & Gas, Bahrain; H.E. Rostam Ghasemi, Minister of Petroleum, Iran; H.E. Dr. Mohammad Mohsen Al Busairi, Minister of Oil, Kuwait; H.E. Dr. Mohammed Bin Hamad Al Rumhi, Minister of Oil & Gas, Oman; and H.E. Mohamed Bin Dhaen Al Hamli, Minister of Energy, UAE. India Highlights Opportunities In Hydrocarbon Sector At WPC (RTTNews) - Petroleum Minister Jaipal Reddy, who is leading the Indian delegation to the 20th World Petroleum Congress (WPC) that opened in the Qatari capital Doha on Monday, highlighted the tremendous investment opportunities in

India's oil and gas sector. Speaking at the First Ministerial Session of WPC, he underlined the prospects of the

Indian sedimentary

basins, a large unexploited

resource base. Scope for infusion of technology across the value chain, expanding

pipeline infrastructure, upcoming city gas distribution networks, availability of skilled manpower, well established independent judiciary and a stable democratic government were the key attractive features for investment in India, he said.

Several Fortune 500 companies in public and private sectors with high technological capabilities provide great opportunities for forging partnerships. The

Minister pointed out that India's hydrocarbon sector offered immense opportunities for investments and reaping benefits. The liberal and investor-friendly policies, a developing economy with a fast growing energy market have made many companies to take notice of the potential. On the New Exploration Licensing Policy (NELP), Reddy said the process of awarding

exploration blocks of 9th bid round would be concluded shortly. More

than two dozen overseas firms were working in E&P sector which include global majors, he added. Stating that growing Indian economy required massive energy inputs, he said the country was looking for long-term sourcing of LNG with LNG producers. At the same time, the Indian companies were also looking for investment opportunities in LNG plants in producer nations. Qatar has been India's long time partner country in this area and India is keen to have more Qatar like relationships to source LNG. Reddy said unregulated over-the-counter (OTC) transactions and trading in "paper barrels" along with unbridled speculation activity were to be blamed for unprecedented price rise in 2008. He stressed the need to establish position limits and moving OTC activity on to regulated exchanges to check volatility. He inaugurated the India pavilion in the exhibition arena of WPC. Energy Ministers of Qatar and UAE as well from other countries visited the Indian Pavilion which showcases latest developments in India's oil and gas sector. India also recorded major successes as its candidates won elections for different posts in WPC committees. Dependra Pathak, Director Ministry of Petroleum and Natural Gas, was elected as member Congress Program Committee for 21st World Petroleum Congress. Ms Vasudev, Director HR of HPCL was elected Vice-President of the youth and gender, executive committee of the world Petroleum Council.

Mr. Sudhir Vasudeva CMD ONGC & Chairman Petrotech addressing the Ministerial Session

WPC Excellence Awards – Winners announced today! Doha, Qatar, 5 December 2011 - A big surprise awaited ExxonMobil’s CEO Rex Tillerson, when he was called twice to the stage on Monday during the opening day of the 20th World Petroleum Congress, to receive a WPC Excellence Award on behalf of his company. Having submitted several outstanding projects for both

Social Responsibility and for Technical Development, he was delighted when ExxonMobil was announced as the winner for both categories by HE Abdulla Bin Hamad Al Attiyah, Deputy Prime Minister and Chief of the Control and Transparency Authority in Qatar. Al Attiyah congratulated Rex Tillerson and compared it to winning twice in the Oscars. The Deputy Prime Minister was particularly thrilled when he handed the Excellence

Award in Technical Development to QAPCO, a company he himself chaired until last year. He congratulated QAPCO CEO Dr Mohammed Al Mulla for the project Recovering waste hydrocarbon streams, which had been selected as the best project in the group for small to medium sized enterprises. The WPC President, Dr Randy Gossen, thanked all the independent judges who had evaluated over 100 projects through a blind judging process, for their work in determining the best submissions overall. Due to the high number of outstanding paper submissions received from young people for the technical programme of the Congress, the World Petroleum Council presented a special WPC Excellence Award for Youth to the best young presenters of the Congress. Twenty percent of all WPC programme papers and posters came from young people under 35, who joined some of the top experts of the oil and gas sector in the Forum sessions. Recognising their outstanding achievements, the Qatari member of the WPC Youth Committee and organiser of the youth programme for the 20th WPC, Mishal Al Thani announced the four finalists. Anup Roy from India won the first place with his paper on Innovative technology for LNG regasification and proudly received his award from HE Abdulla Bin Hamad Al Attiyah. WPCEA for Social Responsibility – Winners Small to medium sized companies: Woodside – Ngala: Nurturing the Pilbara

Large Companies & NOCs: Exxon Mobil Corporation - NightWatch Campaign to Fight Malaria WPCEA for Technological Development – Winners Small to medium sized companies: Qatar Petrochemical Company (QAPCO) - Recovering waste hydrocarbon streams Large Companies & NOCs: Exxon Mobil - Remote Reservoir Resistivity Mapping (R3M) All the projects are being showcased at the Digital Poster Plaza in Hall 8 at QNCC. Energy experts tackle issue of climate change Publish Date: Friday,9 December, 2011, at 02:01 AM Doha Time Experts have tackled the key issue of climate change at the World Petroleum Congress, highlighting country and company level approaches in the absence of binding global agreements to reduce carbon emissions and mitigate climate change. Nobuo Tanaka, Global Associate for Energy Security and Sustainability, IEEJ, warned that if governments do nothing in terms of policy or investment to address climate change, there will be a temperature change of 6OC by end the of the century - what he referred to as the “disaster scenario”. He argued that without energy infrastructure changes, there is no way to address climate change. Tanaka explained that the “new policy” scenario, which is the most likely scenario, will see the primary energy demand grow about a third from now to 2035, and 90% of this growth will come from emerging economies. China will account for about a third, India a quarter, and about two-thirds of the growth will be supplied by gas and renewable energy. This revolution has been dubbed as “the golden age of gas” scenario, although Tanaka said that it may be a golden age for producers and possibly consumers, but not for sustainability. Natural gas still produces CO2 emissions, and replaces nuclear and renewable energy with no CO2 emissions, albeit with a reduction in coal. The “new policy scenario”, if countries meet their Copenhagen commitments, will still see a 20% increase in CO2 emissions by 2035 and a 3.5 degree C temperature increase. CO2 emissions will not even have reached their peak, and will continue to rise. The strictest CO2 reduction plan is the scenario calling for a cap of 450ppm for emissions from the energy sector. This is expected to result in only a 2 degree temperature increase and a halving of CO2 emissions by 2050. This scenario requires $48tn of investment and the capturing of 15gigatonnes of CO2 by 2035.

“We would also need to build 20-30 nuclear power plants every year along with carbon capture equipment, renewable energy expansion and a market carbon price of $120 per tonne. As Tanaka pointed out, this ideal scenario is very difficult if not impossible to achieve. He said that if we continue to use the currently installed infrastructure, we will have filled 90% of the 450ppm cap by 2017, so the “door to the 2OC scenario is closing”. Tanaka said that China should contribute 30% of the total CO2 reduction as one of the biggest emitters, and combined when combined with the US should account for half of the reduction in CO2 emissions. However, he pointed out that China will not commit to reductions until economic growth slows down, with one Chinese academic saying that international agreements will not be considered until 2025. Tanaka warned that it may not be possible to mitigate climate change, and that we must accept and prepare for additional investment to deal with the outcome. Stricken countries, like Thailand, are already struggling to estimate the total cost of flooding and other climate disasters. Adaptation to a new climate must be studied even, though many consider it to be a taboo subject and an acceptance of failure. Beatriz Nassur Espinosa, HSE general manager Petrobras, provided Brazil as an example of a country that has voluntarily adopted climate change regulations and programmes. Brazil is committed to reduce the country’s greenhouse gas emissions by around 36-39% by 2020. The country already derives 46% of its energy from renewable sources and is one of the world’s leaders in biofuels. Brazil’s business plan for 2011-2015 calls for a total investment of $224.7bn in energy and climate change mitigation, and will see a doubling of oil and gas production. This plan includes a focus on energy efficiency, flaring reduction and technological development with $1.2bn in funding for these areas. Climate change mitigation will be allocated $1.4bn and $4.1bn will go to developing biofuels, while carbon capture and storage development research at different levels will get $200mn. Part of Brazil’s 2015 commitments will be a contribution in helping to avoid emissions in transport and energy sectors by providing and researching ethanol for the fuel mix. Espinosa said that technology development is ultimately the best contribution the oil and gas industry can make to climate change mitigation, although Brazil has separate programmes to tackle the issue as well. David Byers, general manager Corporate & International Affairs, Airservices Australia, gave some insight into one of the most commonly proposed mechanisms to address climate change: a tax on carbon.

Australia’s government has moved to impose a carbon tax, which has proved to be divisive issue with the opposition promising to repeal it if elected. Byers argued that the reason for imposing a carbon tax in a country whose prosperity is based on carbon intensive industries is more to do with domestic politics than science or economics. Byers, who is himself an economist, said most economists agree that price signals encourage change, but unless action is taken by number of major energy consumers, action by one country is ineffective. In fact it leads to a competitive disadvantage for the Australian industry, and there are no signs of similar initiatives in other countries. And yet, the government has gone ahead with the tax arguing that the rest of the world is acting, with the treasury expecting China to agree to a set carbon price as soon as 2021. The panellists argued that if it is possible for a uniform carbon tax or fee to be implemented, they should be used to promote research in new technologies, although it is not clear what mechanism could be used to collect such funds. However, there was an agreement that price signals, such as higher carbon costs, are better ways to encourage changes in the energy industry than binding government regulations. An international agreement is still required, however, as voluntary carbon taxes will still leave countries stuck with the first mover conundrum. Fossil fuels likely to dominate energy scene in 2050 Publish Date: Friday,9 December, 2011, at 01:04 AM Doha Time Fossil fuels are likely to dominate the energy scene in 2050 with natural gas being the number one source followed by coal, a round table session was told at the 20th World Petroleum Congress yesterday. The discussion on ‘The Energy Mix of 2050,’ moderated by Jean-Jacques Mosconi, senior vice-president (strategy), Total SA France, saw a number of predictions on the world energy structure. John McDougall (president, National Research Council, Canada) approached the topic from an innovation process point of view. Referring to the development of the shale gas sector he said the application of technology will lead to unexpected changes and pointed out that shale gas reserves now exceed conventional gas resources. Shale gas refers to natural gas that is trapped within shale formations. Shales are fine-grained sedimentary rocks that can be rich sources of petroleum and natural gas. Over the past decade, the combination of horizontal drilling and hydraulic fracturing

has allowed access to large volumes of shale gas that were previously uneconomical to produce. The production of natural gas from shale formations has rejuvenated the natural gas industry in the US. “The demand for power is predicted to go up from 12.9 terrawatt to 30 terrawatt in 2050. Sun is giving us 800 terrawatt a day,” McDougall said while urging better utilisation of solar power and energy from geothermal, biomass, algae and fusion technologies. Roberto F Aguilera (research fellow, Curtin Business School, Australia) predicted that fossil fuels are likely to dominate the energy scenario even in 2050, with natural gas being the number one source followed by coal. “There should be deregulation and privatisation in the energy sector,” he urged. Peter Newman (director, The Addax & Oryx Group, UK) presented a future scenario of conflicts for resources, considering that the world population, which has doubled in the last 40 years to 7bn, is expected to reach 9bn by 2050. “Efforts to contain atmospheric carbon (CO2 emissions) to 450 parts per million (ppm) will be inadequate,” he said referring to an ongoing debate in the global environmental circles. The UN negotiations are currently aimed at reducing global emissions to achieve a limit of 450ppm of CO2 in the atmosphere, according to Environment and Energy News. The Copenhagen Climate Accord signed in 2009 recognised a 2-degree-Celsius temperature rise, which is generally correlated with an atmospheric carbon dioxide concentration of 450 ppm, as the scientifically safe limit for temperature increase. However, some prominent scientists dispute that number, saying 350 ppm should be the limit. The concentrations of 2010 sat at a hair under 390 ppm, E&E News added. Newman also predicted that local and regional conflicts over the next four decades will slow growth and infrastructure investment hard to finance. There will be efforts to indigenise energy production. Mosconi added that natural gas will be the number one source of energy by 2030, followed by coal. India may increase gas import from Qatar by 4mn tonnes

HE the Minister of Energy and Industry ,Dr Mohamed bin Saleh al-Sada being greeted at the Indian Pavilion by the country’s Federal Minister for Petroleum and Natural Gas, S Jaipal Reddy and Indian ambassador Deepa Gopalan Wadhwa

Fast growing India is eyeing long-term supply of liquefied natural gas (LNG) from producers, especially Qatar to meet its growing demand and has highlighted the tremendous investment opportunities in the Indian oil and gas sector. New Delhi is exploring possibilities in shale gas and gas hydrates, India’s Federal Minister of Petroleum and Natural Gas S Jaipal Reddy told a ministerial conference at the 20th World Petroleum Congress (WPC). Highlighting Qatar as one of its long-term LNG suppliers, he said: “We are keen to have more such relationships and our companies are also looking for investment opportunities in LNG plants in producer nations.” Petronet LNG, which at present imports 7.5mn tonnes a year of LNG from Qatar under a long-term contract, has sought an additional 2-3mn tonnes while state gas utility GAIL India wanted 1mn tonne for 20-25 years, according to reports. Reddy was confident that India’s crude oil production would reach more than 38mn tonnes in 2011-12. The production of natural gas for 2011-12 is projected at 51.68bn cubic metres (bcm). The balance recoverable reserves from the known oil and gas reservoirs were about 2,041mn tonnes. The incremental oil production in recent years was largely from Barmer fields in Rajasthan, and in case of gas, it was from Krishna Godavari Basin, he said. Stressing that Indian government had adopted a transparent and level playing field to attract foreign investments; Reddy said 100% foreign direct investment was permitted in exploration and production as the objective was to increase the extent of area explored to 100% by 2015 from the present level of 65%. In order to extent the area covered, India has so far held nine bid rounds. An investment of $16.5bn has been made in exploration and production activities. New Delhi has launched the ninth edition of New Exploration Licensing Policy (NELP) to auction oil and gas block. The government had offered 34 blocks – eight deepsea blocks, seven shallow water areas and 19 onland blocks, for bidding in NELP-IX last year. Of these, bids were received for 33 blocks by the last date on March 28 this year. The government had in the previous eight rounds awarded 235 areas for exploration and production of oil and gas. “The process of award exploration blocks of 9th bid round will be concluded in the near future,” he said, adding more than two dozen foreign companies were working in exploration and production sector, which included global majors. “Our hydrocarbon sector offers immense opportunities for investments and reaping benefits. The liberal and investor-friendly policies, a developing economy with a fast growing energy market have made many companies take notice of the potential,” he said.

The investor-friendly policies of government have been able to attract significant investments in the petroleum sector, he said. In the last one year, two major investment decisions made by major company’s — BP and Vedanta in blocks held by Reliance Industries and Cairn respectively — have re-established faith in the hydrocarbon potential in India, Reddy said. On the refinery sector, Reddy said the installed capacity, which was at 62mn tonnes in 1998, has increased to 193mn tonnes in 2011. “This will be further increased to 232mn tonnes by 2012,” he added. This has enabled India to become an exporter of petroleum products to the tune of 59mn tonnes valued at $43bn, he said, adding Indian refineries have invested $7bn in the last four years in processes to produce greener fuels with lower emissions. Highlighting that Indian companies are present in 20 countries, he said ONG Videsh has produced about 9mn tonnes of oil and gas from its overseas assets. Experts see demand for oil and gas declining

A number of experts at the World Petroleum Congress (WPC) yesterday said that peak oil production will not be reached any time in the near future, but demand for oil and gas must decline in the coming decades if energy prices and population sustainability are to remain stable. The peak oil theory, developed by geoscientist Marion King Hubbert, says that oil production roughly follows a bell curve, and that once oil production reaches its peak, it will shortly begin a terminal decline down the other side of the curve as dwindling resources are consumed. At many points in the last century peak production has been estimated to be only decades away, however new discoveries and technological innovations have shifted the curve further down the axis. Marco Rasi, Vice President, Asia Pacific/Established Areas, ExxonMobile Development Company, said: “Many of the assumptions that underlie peak oil theory in its many forms are really unfounded because they do not take into account the role of technology. “Technology makes it easier to afford and more economically viable to find and produce hydrocarbons. Estimates of global endowments of hydrocarbons are around 4tn barrels of oil, of which three are conventional oil and 1tn is in heavy oil and oil shale. Since the beginning of the industry, only 1tn barrels have been produced.” On the question of whether or not peak oil will arrive in the coming years, the response of Total CEO Christophe de Margerie was simple: “There will be

sufficient oil and gas and energy as a whole to cover the demand. That’s all” He said that what is important is how we view the future of the energy mix, including nuclear and renewable energy sources, as well as environmental conservation. “Even using pessimistic assumptions, I cannot see how energy demand will grow less than 25% in twenty years time. Today we have roughly the oil equivalent of 260mn barrels per day (in total energy production), and our expectation for 2030 is 325mn bpd,” de Margerie said. He estimates that fossil fuels will continue to make up 76% of the energy supply by 2050. “We have plenty of resources, the problem is how to extract the resources in an acceptable manner, being accepted by people, because today a lot of things are not acceptable.” The challenge is to find a way that is acceptable rather than simply ruling it out, whether it is using nuclear technology or exploiting oil and gas resources in environmentally sensitive areas. De Margerie said that if unconventional sources of oil, including heavy oil and oil shale, are exploited, there will be sufficient oil to meet today’s consumption for up to 100 years, and for gas the rough estimate is 135 years. Qatar Petroleum International CEO Nasser al-Jaidah said that between 2007 and 2009, for every barrel of oil produced, 1.6 barrels have been added to reserves, although another expert earlier pointed out that oil is being consumed four times faster than the rate of discovery. The experts were clear on the fact that technology has an important role to play in accessing hydrocarbon reserves, fully exploiting available resources and improving the efficiency of current fossil fuel use. Rasi explained that deepwater drilling was considered too expensive and technologically challenging a few decades ago, but now it is a major source of oil and gas as companies look to exploit deepwater reserves in the Arctic region. Al-Jaidah pointed out that digitalised exploration and management of oil fields can help recover almost 9% more of the world’s deposits. Advances in LNG, shale gas, oil shale, enhanced oil recovery and in oil sands exploitation will also make similar contributions to overall production, although at greater cost and possibly environmental damage due to the relative difficulty of extraction. Frontier Basin Oil and Natural Gas Corporation general manager Narendra K Verma said: “In the middle of the 19th century, 50 barrels were produced per barrel used for extraction, now only five barrels are produced. Obviously, lower ratios for

production costs mean that extraction would no longer be economically viable.” Rasi said that innovation also improves energy efficiency to “make our barrels go farther. Projections around energy efficiency say that the growth in consumption of hydrocarbons over the next three or four decades will be less than half of the growth in global gross domestic output because of advances in energy efficiency.” However, de Margerie pointed to an International Energy Agency estimate that said investment of $100bn is required per year to keep Opec countries producing at current levels, and that approximately 40mn barrels per day of new production will be required to meet demand by 2030. Around 20% of oil reserves are unconventional reserves, while for gas the figure is around 49%, which means that higher costs are to be expected to for production, as well as higher degrees of unacceptability for people due to environmental considerations. De Margerie said that while there are plenty of reserves to meet demand, demand for oil and gas must be replaced by alternative energy sources in order to prevent high energy costs and the inevitable volatility and instability that come with it. “Government can play a key role in helping industry meet future energy demand by allowing access to new resources, by enacting sound policies and by creating stable and reliable environments for investment which will attract new investment capital,” said Rasi. He sited Qatar as an example of “a government that has implemented marketplace strategies that have led to sustained growth and investment in capital projects that are transforming the energy markets and are promising to transform the lives of millions of people, both in Qatar and around the world.” He said that the challenge is not scarcity but commitment to investment and partnerships between stakeholders. Energy firms highlight community initiatives

Between all the stands promoting the technology and services of the world’s major oil and gas players, the Social Responsibility Village at the World Petroleum Congress (WPC) exhibition highlights some of the most sustainable and effective charity and development programmes currently being conducted by oil and gas companies around the world. James Shaw, a social responsibility adviser for the World Petroleum Congress, explained the initiative seen at this edition of the WPC. “Back in 2000, the 16th WPC, we introduced an element of social responsibility to get companies to think bigger picture about what their footprint is on the ground, and its evolved over the number of congresses.”

From all the programmes submitted for the exhibition, the organisers sought out the most replicable and sustainable projects from around the world that are not “tokenism” or “chequebook consultation” or simply “pay to make the problems go away”.

Shell’s stand featured innovations in automobiles “It’s a genuine interest in what the company is doing and its commitment to the communities where they work” promoting “human development,” said Shaw. Shaw, who works as a community relations manager at a Canadian oil and gas company, said: “If you went into a community as an oil and gas company and just muscled your way in, what kind of relationship have you built with the community? The way I look at it is governments grant permits but communities give permission. You need that long-term relationship with the community to be successful. In a number of regulated countries there are processes that companies have to go through to get their licence to operate and in fact their social licence to operate. If you end up in a regulatory process time and time again, that costs you millions and millions of dollars, where as if you work collaboratively with the community and look for solutions – my way of looking at it is: what can you do at the kitchen table versus the courtroom? How much more successful are you going to be? I can show definitively in my company that by doing this we save millions of dollars by not having to hire lawyers, by not having to go to regulatory hearings or go to court.” Exhibitors included the Centre for Affordable Water and Sanitation Technology, a Canadian NGO that provides training, education and technical consulting to develop clean water sources in third world countries. The employees of Golder Associates, an engineering, design, construction and environmental consulting firm, have raised over $1.4mn through fund-raising activities and put the money into a trust fund to invest in small businesses, which then goes to fund homes for orphans and families in Africa who have been affected by the Aids epidemic. A spokeswoman for the company said that this is a very sustainable model for corporations to adopt for development and charitable contributions to developing countries. Oil India Limited has been operating a community development programme in Assam in northeast India to help develop the local economy in a way that prevents dependence on the oil and gas business. The programme started as a self-help group for women to teach them marketable and useful skills to help them earn money and run their own businesses. There are now over 4,000 self-help groups covering 200 villages helping around 30,000 families. Assam’s female residents can now generate their own income by turning locally produced resources and materials into value added products such as clothing and material, while men, who

were previously single-crop farmers, have expanded production to several crops, animal husbandry and fisheries, with a total output increase of 30-40%. Tridiv Hazarika, the secretary for this project at Oil India Limited, said that banks are now “running after our project because loan recovery is over 98% in some of the activities, which is phenomenal in the country.” Maersk Oil has been supporting the “Time for Arts” project in Brazil, which has helped to introduce dance, art and theatre to schools across the country through workshops and training. Camilla Cardia, a spokeswoman for Maersk, said that this programme is the first contact most of these students, aged 7-12, have had to express their feelings through an art form and get things off their chest in a new way. Many of the children come from troubled backgrounds as the schools chosen for the programme are in impoverished and turbulent communities. The programme has helped to increase school attendance figures and participation as well as teach important values such as environmental and community protection. Teachers have responded positively to the programme as it supports their goals for the children’s education, and the project has reached 12,000 students so far and will continue to reach more schools in the coming years. The Global Women in Management programme, which is a month-long workshop for female leaders of NGOs conducted by the Centre for Development and Population Activities, has reached over 500 female leaders due to ExxonMobil’s support as part of its Women’s Economic Opportunity Initiative. Sasol has helped to drill dozens of bore holes across Mozambique to improve access to fresh water, investing $1.4mn in local projects. The South African company has also invested $2.5mn to provide vocational training in Mozambique to help support the local oil and gas industry. Shaw explained: “I think what’s happening is that companies are coming to learn that social responsibility is a business imperative. They can actually put a tangible pin on the wall and say we increased our profitability or access to markets or to land by doing this. It makes business sense to do it so why aren’t we doing it?”

Mr. Sudhir Vasudeva, Chairman Petrotech exploring areas for greater collaboration between Petrotech and WPC, with the President WPC (second from left) and DG, WPC (third from left). Also seen in pic Mr. Ashok Anand Director General and Mr. Anand Kumar, Director Petrotech

L-R – Mr. Anand Kumar, Director Petrotech, D K Sarraf, MD ONGC Videsh; Dr Randy Gossen, President WPC; Mr. Sudhir Vasudeva, Chairman Petrotech, Dr Pierce Riemer, DG WPC; Mr. Ashok Anand Director General Petrotech

WPC Exhibition Stalls

Qatar National Convention Center

Concluding Ceremony