Petroleum Industry 2020: Positioning Our Industry for the Future
- Abdul-Jaleel Al-Khalifa (2007 SPE President)
- Document ID
- Society of Petroleum Engineers
- Journal of Petroleum Technology
- Publication Date
- September 2007
- Document Type
- Journal Paper
- 10 - 10
- 2007. Copyright is retained by the author. This document is distributed by SPE with the permission of the author. Contact the author for permission to use material from this document.
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As SPE President this year, I have had the privilege to visit many countries and meet thousands of our members, including senior leaders and professional engineers. I have felt the strength of our industry through its wise leadership, professional workforce, and cutting-edge technologies, which reinforced my belief that we will continue to supply adequate hydrocarbons to meet increasing human needs in the future.
Our future landscape will be different from the current one, however. Hydrocarbon resources will be a mixed portfolio, from conventional to very unconventional, from shallow to very deep, from light to extra-heavy, and so on. The human crew will be very international, one that is culturally open, flexible, nimble, and mobile. Our industry leaders will continue to pay more attention to human values and live the values of fairness and integrity while satisfying all stake holders, including asset owners (host government), share holders, customers, and the workforce. A role model for this leadership is Ali bin Abi Taleb, who once said, “Had I been offered the seven heavens, so I suppress an ant, sneak her little food, I would not do it.”* Such leadership will ensure that performance appraisal, promotional opportunities, and career growth are pursued in a fair, transparent manner, which in turn will accelerate excellence and technology innovation throughout the industry.
As part of SPE’s preparation for the future, the Industry Summit was held in London in June 2007. All attendees clearly supported an SPE role in enhancing industry collaboration and facilitating high-level involvement in industry-wide initiatives such as talent development and carbon capture and sequestration. The June 2007 SPE Board approval to form an Industry Advisory Council was a step forward to meet this objective. The council will further engage industry leadership and secure their support. This council will have senior-level representatives from 20 companies, including international majors, nationals, independents, and service companies. The council is expected to meet twice a year, initially for a 2-year period. We plan to hold the council kickoff meeting during the Annual Technical Conference and Exhibition in Anaheim in November 2007.
At the SPE leadership level, the Board has begun holding a strategic planning session along with each Board meeting. The first facilitated strategy session was held during the June Board meeting. The session included senior staff leaders along with the SPE Board members. These sessions will maintain a constant review of the Long Range Plan and will focus on major trends that affect SPE’s mission. We aim to explore new means of fulfilling our mission in the most effective and expeditious manner. I am happy to report that this initiative is highly supported by the incoming 2008 SPE President, William Cobb. These initiatives and others will ensure that SPE will continue to be vibrant in the future.
*Ali Bin Abi Taleb, Nahj Al Balagah, http://www.al-islam.org/nahj/.
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