Marsh to Host Dubai Oil Conference

February 8, 2007

Marsh Inc. will host the first ever global risk advisory meeting of the world’s national oil companies (NOCs) at a conference in Dubai on 26-28 February. “These state-owned enterprises manage roughly 80 percent of the world’s oil supply and are rapidly growing in their importance to the global energy scene,” the bulletin noted.

Officially called the “Marsh National Oil Company Conference,” the meeting will feature speakers from Saudi Aramco, Petrobras, Statoil ASA, Nigerian National Petroleum Corporation and other organisations.

Marsh’s Chairman and CEO, Brian Storms, will discuss emerging risk topics in the oil and gas industry to open the conference, “which,” Marsh said, “is being attended by senior officials, representatives and delegates from dozens of countries, and that will operate under the patronage of the Ruler of Dubai.

“A broad array of topics will be discussed during the two-day event, including knowledge transfer among NOCs, governance, measurement of enterprise-wide risk, and operational challenges tied to cross-border investments.”

Jim Pierce, Managing Director of Marsh’s Global Marine & Energy Practice, commented: “It is increasingly clear that state-owned oil companies will play a major role in determining where the world’s petroleum-based energy supplies will come from in the future. We are proud to bring together many of the world’s NOCs and host this important gathering of international energy executives, experts and business leaders.”

Over the course of two days, the conference will feature both presentations and breakout sessions that address the NOCs’ transition from their respective national stages to a global platform.

Andrew George, Marsh’s Marine & Energy leader in Dubai, indicated: “We expect this ongoing shift will have far-reaching ramifications for governments, businesses and consumers. We are hopeful this conference will promote an open dialogue on the risk issues and business challenges NOCs face, and foster greater awareness and collaboration among companies that are assuming critical leadership roles in the global energy market.”

Topics Energy Oil Gas Training Development

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