The fourth edition of the Lebanon International Oil & Gas Summit is increasingly playing a pivotal role in promoting Lebanon’s promising petroleum sector, attracting a mix of local, regional and international businesses, investors and experts with over 60 percent of total participation coming internationally.
The Summit will be held on 24 and 25 April 2018 in the Hilton Beirut Habtoor Grand Hotel under the patronage of H.E. Eng. Cesar Abi Khalil, Lebanon’s minister of energy and water. A strong agenda and an impressive number of confirmed high-calibre speakers, delegates and supporters have allowed it to consolidate its position once again as the leading event in Lebanon and the East Mediterranean.
Nearly 60 percent of the expected 500 participants, including 35 speakers are travelling to Beirut, especially to participate in the summit.
Speakers will be led by Minister Cesar Abi Khalil who will inaugurate the Summit as well as the members of the board of directors of the Lebanese Petroleum Administration (LPA) and high-level officials from both the private and public sectors. They will share their insight with an audience of highly professional experts and decision makers.
Discussion panels will cover all operational and business aspects related to the development of the oil and gas sector in Lebanon. Detailed and specialised insights will cover topics on markets, development and the supply chain in this industry.
Dory Renno, Managing Director of Planners & Partners SAL, co-organisers of the Summit, said, “We have put together a very powerful session on local content at the end of the second day of the conference. The aim is to discuss learning and education along with job and business opportunities for Lebanese nationals in the petroleum sector.”
He added; “A number of petroleum engineering students along with master’s students in petroleum-related majors from major Lebanese universities will be invited to attend this session and learn about future career possibilities.”
In addition to Local Content, this year’s summit earned the support of the Lebanese Association of Insurance companies (Association Des Compagnies d’Assurance Au Liban - ACAL). The summit will boast a special plenary session on ‘Insurance and Risk Management’ in Lebanon’s petroleum sector. Leading insurance experts will speak in this session sharing the experience of major international insurance companies like Marsh Energy & Power Practice from the UK, and AIG – MENA.
ACAL’s president, Max Zaccar, said that the association’s support to LIOG-2018 will provide an opportunity to Lebanese insurers to “explain to all oil players that our industry is ready and able to insure any needs required. After all, our insurance industry is the oldest in the MENA region and we have always been at the forefront of new insurance cover.”
In addition to local content and Insurance, topics related to Health, Safety, Security, and Environment (HSSE) will be discussed, along with topics related to financial and legal support.
“We expect to host over 500 participants from nearly 200 local and international companies and organisations as sponsors, exhibitors, speakers or delegates,” comments Paul Gilbert, Managing Director of Global Events Partners Ltd. (GEP), co-organisers of the Summit.
He added; “A total of nine sessions have been strategically structured around three main themes to cover most of the topics of interest to the sector. We placed a special emphasis on factors that can make Lebanon a favourable destination for oil and gas investments, including the resilience in the Lebanese vibrant economy and business arena, the existence of a highly educated multilingual workforce, and the renewed government’s commitment to transparency.”
LIOG 2018 has earned the support and endorsement of a record number of sponsors and supporters. Major partners include United Petroleum as Diamond sponsor, international energy conglomerate Schlumberger as Platinum Sponsor and Baker Hughes (a GE Company) as Gold Sponsor, along with Weatherford, McDermott and others, who are sponsoring the event and will have networking booths within the venue.
A number of other industry leaders are sponsoring the event including, Bureau Veritas from France, Lebanon’s Medco petroleum company, Elard, Kappa, LOGS, and Socotec; in addition to Petroleum Air Services (PAS) from Egypt. Lebanese specialised law firms including Alem & Associates, and Obeid Law Firm, are also actively supporting the Summit.
Meanwhile, further support also comes from specialised training and development companies including Eurotech from Kuwait, the event’s ‘National Training Partner’ and Petrofac, a leading services company, its ‘National Workforce Development Partner.’
The timing of the 4th LIOG 2018 Summit underlines its importance as the crucial platform for business opportunities, it follows the signing of the first set of Exploration and Production Agreements (EPA), with Total, ENI and Novatek over two maritime blocks.