24 25 26
May 2018
22 May
Panel Session

TECHNOLOGY’S PROMISE FOR RUSSIA’S OIL FUTURE

11:45-13:00 Pavilion 8, Conference Hall 8.3


Russia possesses the world’s largest reserves of shale formations, with the Bazhenov field alone estimated to have reserves equating to 2,300 billion barrels. Moreover, a number of performing fields will shift to secondary and tertiary production over the coming decades. However, major Russian energy firms have only recently begun to explore methods to enhance extraction techniques. What are the challenges in bringing Russia’s unconventional extraction online? How might these approaches be adapted to increase the production life of mature fields, and what might be the combined impact on Russia’s energy sector?


Moderator:
Pal Erik Sjatil, Managing Partner EEMA, McKinsey
Panellists:
Alexander Dyukov, Chairman of the Management Board, General Director, Gazprom Neft
Andrey Kuzyaev, Vice-President, Lukoil; President, Lukoil Overseas
Eric Liron, First Vice-President, Rosneft
Kirill Molodtsov, Deputy Minister of Energy of the Russian Federation
Roman Panov, Chief Executive Officer, Rusgeology
Clay Williams, President, Chief Executive Officer, National Oilwell Varco
Front row participant:
Grigory Vygon, Director of Energy Centre, Moscow School of Management SKOLKOVO

Highlights

“The next great challenge – which is also a great opportunity – for this market, are unconventional resources. There is a great deal of innovation and creativity here in Russia.”

Clay Williams
President, Chief Executive Officer, National Oilwell Varco

“As you start to deploy more and more resources in the Arctic, innovating and using new technologies will be key to keeping costs down to ensure we have faster deployment.”

Pal Erik Sjatil
Managing Partner EEMA, McKinsey

“The existing administrative barriers to exploration are essentially unnecessary. Lifting these barriers is a challenge we are facing now.”

Kirill Molodtsov
Deputy Minister of Energy of the Russian Federation

“Obviously, we need to create a competitive environment. We need to change the tax legislation and we need to encourage companies to turn their attention to these [unclaimed] resources and invest in them.”

Andrey Kuzyaev
Vice-President, Lukoil; President, Lukoil Overseas

“Our challenge is to take advantage of all the learning available – we have the scientists, we have the R&D centers, but we have to do a better job of sharing with other companies.”

Eric Liron
First Vice-President, Rosneft

“Given time, the oil services market will be just as attractive as the North American market.”

Alexander Dyukov
Chairman of the Management Board, General Director, Gazprom Neft

At this time

11:45-13:00 Pavilion 4, Conference Hall 4.1
Spurring Growth While Mitigating Risks Arena

THE CASHLESS SOCIETY TO DELIVER IMPROVED ECONOMIC EFFICIENCY AND TRANSPARENCY

In cooperation with Citi

11:45-13:00 Pavilion 4, Conference Hall 4.2
Realizing Russia's Competitive Edge Panel Session

PROSPECTS FOR BOLSTERING PRIVATE EQUITY INVESTMENT IN RUSSIA

11:45-13:00 Pavilion 4, Conference Hall 4.3
Realizing Russia's Competitive Edge Business Roundtable

THE FUTURE FOR CULTURAL AND ECONOMIC RELATIONS BETWEEN RUSSIA AND THE UNITED KINGDOM

11:45-13:00 Pavilion 8, Conference Hall 8.2 Innovation Hall
Spurring Growth While Mitigating Risks Panel Session

THE IMPORTANCE OF OPEN DATA FOR ENTERPRISE AND DEVELOPMENT

In cooperation with World Bank

11:45-13:00 Mercedes Bar
Realizing Russia's Competitive Edge Panel Session

PROSPECTS FOR THE DEVELOPMENT OF A THREE TIER PENSION SYSTEM IN RUSSIA

11:45-13:00 PepsiCo Café
Realizing Russia's Competitive Edge Panel Session

UNLEASHING RUSSIA’S TALENT POOL TO DEVELOP ITS COMPETITIVE STANDING

11:45-13:00 Pavilion 5, Conference Hall 5.1
Managing Disruptions and Embracing Change Panel Session

THE BROADENING IMPACT OF EMERGING MARKET CORPORATE PHILANTHROPY

In cooperation with MTS

11:45-13:00 Pavilion 5, Conference Hall 5.2
Spurring Growth While Mitigating Risks Panel Session

SMART IMMIGRATION STRATEGIES FOR GLOBAL DEVELOPMENT

11:45-13:00 Pavilion 5, Conference Hall 5.3
Realizing Russia's Competitive Edge Panel Session

REALIZING THE RUSSIAN ECONOMIC DREAM – THE FUTURE OF RESIDENTIAL OWNERSHIP

11:45-13:00 Pavilion 5, Business Breakfast Hall 5.4
Realizing Russia's Competitive Edge Panel Session

STRATEGIZING IN RUSSIA AND IN THE WORLD: WAGERING ON THE INDIVIDUAL