The main objectives of a successful E&P company is to increase its hydrocarbon reserves. Companies usually achieve this objective either through organic growth within its exploration concessions, application of new technology to enhance field production or inorganic growth through acquisition and purchase of producing assets with proven reserves. A sustainable upstream business generally requires a portfolio that supports a targeted reservoir levels of production, development and exploration licenses. Companies must assess those potential resources before pursuing the opportunity. Understanding the petroleum agreement with the host country or the Sale and Purchase Agreement with the partners is the key element to guarantee a profitable transaction. Companies would also need to assess, and rank the different risks and uncertainties of this opportunity to ensure a successful venture.
This talk will shed some light on the:
- Basic elements to access business profitability in different types of petroleum agreements with special focus on the Production Sharing Agreement (PSA) model of Egypt
- Technical and non- technical risks, and uncertainties
- Economic Monetary Value concept (EMV) and its relationship with the time factor
- Hydrocarbon market, Geoeconomy and oil price forecast
Speaker: Samir Abdelmoaty, United Oil and Gas Egypt
Moderator: Raed Saba, Apex International Energy Company
Co-authors: Samir Abdelmoaty, United Oil and Gas Egypt and Hosny Diab, WesternGeco
Regional Timings: 6:00 PM UAE | 5:00 PM KSA | 4:00 PM EGY
Samir Abdelmoaty is the Country Manager of United Oil & Gas Egypt, with a B.Sc. in Physics and Geology from Cairo University (1971), and a M.Sc. in Geophysics from Al Azhar University. He attended the Management Program at Rice University and the International Management Program at Texas A&M. He worked for Gupco, PGS, BP and TPS. He served as SEG Board Member, and received the SEG Life Member and Honorary Membership awards. Samir presented the SEG Africa and Middle East Honorary Lecture in 2009. He is the current Chairman of the Egyptian Geophysical Society (EGS), a Board Member of EPEX, and a member of AAPG, SPE and Arab Mining and Petroleum Association. He is also a founding member of the Egypt Oil& Gas Technical Committee.
Samir is a board member of the National Institute of Geophysics and Astronomy and a member of the counsel of Faculty of Science, Ain Shams University. He is a visiting lecturer at Alexandria, Ain Shams and Mansoura Universities and is the co-founder of Al Amal program.