Tom Gellrich, highly regarded international chemical consultant, will give a thorough assessment of the impact of the drone attack on Saudi Arabia.
Some of Tom’s Thoughts
Saudi attacks, unanticipated with military precision, against highly defended targets adds an untenable risk premium to any Middle East investment.
After decades of relatively stable and consistent strategies the Western petrochemical majors are changing at an unprecedented pace:
- Horizontal drilling, fracturing and factory management approach has made US shale plays as the new must be all in global frontier.
- Disinvestment of mature low return asset such as Alaska North Slope, North Sea, Gulf of Mexico, Canadian Oil sands in the range of tens of billions. The major oil companies have the funds to make major moves quickly.
- Shifting production and investments to downstream chemicals in light of flat transportation fuel demand in contrast to greater than GDP chemicals growth
These attacks make the Appalachian Basin an even more viable region for the petrochemical industry.
Moves are already being made by some of the petrochemical companies. By the time of the Utica Summit Conference some announcements may already have been made.
Is your company positioned for what’s coming? The attacks in Saudi Arabia are causing permanent changes to the petrochemical world.
The Uitca Summit will sell out. The information coming out of the conference will be invaluable as you plan for 2020 and beyond.
Register now to guarantee yourself a seat.
7th Annual Utica Summit
October 10, 2019
North Canton, OH