Interview with Tarek Hassan-Beck, Chairman of the Libya Summit Advisory Committee on Libya's oil and gas potential
He exclusively answered questions about the Libya Summit and the future of oil, gas and sustainable development in Libya.
- (1888PressRelease) July 17, 2012 - During a recent visit to the NOC Libya in Tripoli, Catherine Jacobs, Vice President Partner Relations, The CWC Group met Tarek Hassan-Beck, Chairman of the Libya Summit Advisory Committee. He exclusively answered questions about the Libya Summit and the future of oil, gas and sustainable development in Libya. Read below for an extract from this exclusive interview:
Q. What do you hope to see/hear from the internationals attending the Summit
Visibility of traditional partners like ENI, Wintershall, Repsol, Shell and Exxon as well as potential new comers. As well, showcase the road maps of putting operations back to normal pace as well as value added experience of new comers in the upstream.
Q. How do you feel the Advisory Committee's involvement will help this Summit and will benefit companies seeking to invest in the Libyan oil and gas industry?
The working committees give the message that the key stake holders are engaged in the process of preparing for this meeting in September. As well, the committee opens up direct communications with relevant government agencies, i.e. visa agencies and so processes will be easily accessible for attending delegates.
Q. International companies will be investing time, money and expertise into Libya. In which key areas of the Libyan oil and gas industry would you like to see this investment from the internationals?
It would be great to see investment in a few areas:
• Opening new doors to unconventional upstream plays and processes
• Downstream rejuvenation and growth i.e. refineries are old and there is justification to build new ones
• Local content maximisation in all aspects of petroleum operations
Q. What key message do you want to give to international companies thinking of attending the Libya Summit?
Traditional partners should lead the normalisation of the operational environment because they have the biggest role and responsibility given that they will be the partners for the next 25 years or so. New comers should realise that in the near future, more acreages will be part of competition as EPSA4 exploration period expires i.e. huge chunks of the exploration ground will be put into the market.
For the rest of this interview, including exclusive insight on models of local content, training and expertise growth NOC Libya wish to emulate, visit: http://www.cwclibyasummit.com/
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