Adif Zulkifli

PETRONAS

Executive Vice President & Chief Executive Officer, Upstream

Adif Zulkifli is the Executive Vice President & CEO of PETRONAS’ Upstream Business. Leading up to his appointment, he was the Executive Vice President & CEO of the Gas & New Energy Business, where he was responsible for the company’s Midstream Gas Assets, LNG Marketing and New Energy. Adif previously held the role as the Senior Vice President of Development & Production, Upstream Business overseeing Upstream development projects and operations worldwide. Prior to that, he was the Senior Vice President of Corporate Strategy, responsible for shaping and steering PETRONAS’ long term strategic direction, including leading Mergers & Acquisitions as well as change management and strategic industry research. Previously, Adif was the Vice President of Malaysia Petroleum Management and was accountable for all upstream regulations and governance for the country’s oil and gas resources. Adif was also the Head of Strategy & New Ventures Division in the Exploration & Production (E&P) Business and served as an Executive Assistance to the then President and Group CEO of PETRONAS. Adif is a Board member and director for PETRONAS Carigali Sdn. Bhd., PETRONAS International Corporation Ltd and PETRONAS Energy Canada Ltd (PECL). A member of the Society of Petroleum Engineers (SPE), Adif has played leading roles within the petro-technical community in Asia Pacific and Middle East via his role as the SPE Asia Pacific Regional Advisory Council Chair, Board Member for International Petroleum Technology Conference (IPTC) and serves on the International advisory committee for Offshore Technology Conference Asia (OTCA). He was previously the Vice Chair for the E&P Working Committee for the International Gas Union (IGU). Adif holds a Bachelor of Science degree in Petroleum Engineering form the Colorado School of Mines and a Master of Business Administration from Kellogg School of Management, Northwestern University, Illinois, United States.

SESSIONS WITH Adif Zulkifli

Tuesday, 2 March

  • 10:45am - 11:15am (CST) / 02/mar/2021 04:45 pm - 02/mar/2021 05:15 pm

    Plenary

    Resilient Upstream Portfolios: Weathering the cycles

    Panel Markets/Economics/Strategy Upstream Oil & Gas
    2020 was a dramatic year for the global upstream industry, with an unprecedented 9 mbd demand drop and the Brent price falling from $64/bbl in January to $18/bbl in April and WTI going negative for a day. Long-term expectations for the industry suffered as peak oil demand scenarios became more common and countries and companies made net-zero commitments. Companies slashed capital spending; some made emissions reduction commitments that will require them to pivot their portfolios away from oil; and some even announced production decline targets. Resilient upstream portfolios with low cost and low emissions are the new goal. Are these trends here for the long term? To what extent will companies be able to lower costs and protect margins? How will they build resilient portfolios that can weather future cycles? Will digital technologies help? What does it all mean for the future of upstream?