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The papers in these workshops represent the personal views of the individual authors and do not necessarily represent the views of their companies, organisations or the IEA.
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2nd Joint OPEC- IEA Workshop on Oil Investment Prospects |
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| Location and date(s) of workshop: |
IEA, Paris: 28 April 2004 |
| Organiser(s): | IEA / OPEC |
| Contact(s): |
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Background: |
On Wednesday, 28th April, 2004 the IEA and the Organisation of the Petroleum Exporting Countries (OPEC) held a high-level Workshop on Oil Investment Prospects at the IEA's Paris headquarters. This was the second joint workshop organised by the two organisations. The first took place in Vienna in June 2003 with the primary objective of providing input to the IEA’s World Energy Investment Outlook (WEIO) which subsequently concluded over $3 trillion is needed in the oil sector by 2030. During this second workshop, the findings of the WEIO were presented as was OPEC's oil outlook. Discussions focused on the future challenges involved in making the necessary investments in the oil sector, as well as the associated key drivers, uncertainties and implications. |
| Links to relevant documents: |
List of Participants Conference Photos |
| Proceedings: | Welcoming Addresses
Mr. Claude Mandil, Executive Director, IEA Dr. Adnan Shihab-Eldin, Director, Research Division, OPEC Session I :
World Oil Outlook World Oil Investment Outlook Oil Outlook and Investment Prospects Open Discussion (led by Chair) Chair: Ms. Marit Engebretsen, Director General, Ministry of Petroleum and Energy, Norway Long-term oil development and production strategy for Saudi Aramco Investment Plan of PDVSA Update on Competitiveness of Non-conventional Oil Russian Oil Sector: The Empire Strikes Back Open Discussion (led by Chair)
Chair: Dr. Adnan Shihab-Eldin, Director, Research Division, OPEC Main uncertainties for investment prospects Factors affecting investment decisions of international oil companies Oil Industry Strategies: Walking the Tightrope |
