Programme

TECHNOLOGY’S PROMISE FOR RUSSIA’S OIL FUTURE

Realizing Russia's Competitive Edge
Panel Session
Pavilion 8, Conference Hall 8.3

Moderator:
Pal Erik Sjatil , Managing Partner for EEMA, McKinsey & Company

Panellists
Clay Williams , President, Chief Executive Officer, National Oilwell Varco
Alexander Dyukov , Chairman of the Management Board, Chief Executive Officer, PJSC 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

Broadcast

Key moments

“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
“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
“The existing administrative barriers to exploration are essentially unnecessary. Lifting these barriers is a challenge we are facing now.”
Kirill Molodtsov
“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
“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
“Given time, the oil services market will be just as attractive as the North American market.”
Alexander Dyukov