WorldWorld PetroleumPetroleum CouncilCouncil

IGU Progress Report

Dr Pierce Riemer – Director General 19th19th WPCWPC -- CongressCongress ThemeTheme

A World in Transition: Delivering Energy for Sustainable Growth • MadridMadrid 20082008 19th19th WPCWPC CallCall forfor PapersPapers onlineonline submissionssubmissions sitesite

Call for Papers results: - 600 presentations OffsetOffset allall ourour emissionsemissions

MadridMadrid 20082008 -- NumbersNumbers

„ 4300 Delegates

„ 700 young professionals and students „ 35 Ministers „ 500 CEO’s „ 590 Speakers „ 14,500 Attendees – Exhibition „ Exhibition – 260 companies „ Total area used 35,000 m2 „ Total Exhibition area 20,000 m2 „ 865 Media and Journalists „ 90 Countries represented 1919th CongressCongress –– MinisterialMinisterial SessionsSessions WPCWPC CommunicationCommunication StrategyStrategy –– YouthYouth && GenderGender 1919th CongressCongress –– Women'sWomen's SessionSession 1919th CongressCongress –– YouthYouth StandStand andand PartyParty 1919th CongressCongress –– YouthYouth SessionSession 22nd YouthYouth ForumForum 19th Congress Results 1919th CongressCongress PosterPoster PlazaPlaza 1919th CongressCongress –– GlobalGlobal VillageVillage GlobalGlobal BusinessBusiness OpportunityOpportunity CentreCentre (( GBOC)GBOC) WorldWorld PetroleumPetroleum ExhibitionExhibition (WPE)(WPE) 1919th CongressCongress ExhibitionExhibition –– SustainableSustainable standsstands 1919th CongressCongress ExhibitionExhibition –– RecycleRecycle 1919th CongressCongress –– IssuesIssues andand topicstopics discusseddiscussed

Non-Technical: „ Oil price „ Peak oil „ IOC’s / NOC’s „ Energy security „ Access to acreage „ Social licence to operate „ Youth and gender „ Cooperation between oil producers and service companies 1919th CongressCongress –– IssuesIssues andand topicstopics discusseddiscussed Technical: „ Exploring the new frontiers„ Carbon capture storage „ Enhanced oil recovery „ Reserves reporting „ Unconventional oil and gas„ Biofuels „ Refinery optimization „ Renewables „ GTL / LNG „ Motor fuel quality „ Climate change „ Water 1919th CongressCongress –– ExcellenceExcellence AwardsAwards

Social Responsibility

„ Overgas Inc., Bulgaria ‘Corporate Social Responsibility of Overgas’ „ Petrobras, Brazil (Anamaria Ballard) Carnauba Viva

Technical Development

„ Sarkhoon & Qeshm Gas, Iran (Najaf Balali/Gholamreza Bahmannia) “Solar Dew” as an Innovation System for Sarkhoon Gas Treating Plant’s Oily Wastewater’ „ Indian Oil Corporation, India (Brijesh Kumar) ‘Hydroprocessing Technology for Green Fuels: Basics to Commercialisation through Innovation’ 1919th CongressCongress –– IssuesIssues andand topicstopics discusseddiscussed

Opec’s Abdulla El-Badri and IEA Executive Director Nobuo Tanaka InternationalInternational CoCo--operationoperation -- SECSEC

Significant developments

„ 2007 – WPC, SPE AAPG; et al; „ 2008 – recent SEC proposals „ New technologies allowed for proved reserves „ Able to disclose probable to investors „ Allow oil sands „ Report on average price rather than year end. WPCWPC LegacyLegacy AnniversariesAnniversaries WPCWPC CommunicationCommunication StrategyStrategy –– 20082008 PublicationsPublications WorldWorld PetroleumPetroleum CouncilCouncil We look forward to Argentina 2009 and to continued co-operation

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