Yaser Saeed Al Mazrouei

Abu Dhabi National Oil Company (ADNOC)

Upstream Executive Director

Yaser Saeed Almazrouei is Upstream Executive Director at the Abu Dhabi National Oil Company (ADNOC). He is responsible for ADNOC’s upstream business including oil and gas production capacity and the business growth strategy. As part of his role, he ensures a continuous focus on operational efficiencies, portfolio optimization as well as safety and asset integrity. Mr. Almazrouei manages interests across ADNOC Onshore, ADNOC Offshore, ADNOC Sour Gas and ADNOC Drilling, together with Al Dhafra Petroleum and Al Yasat Petroleum. Prior to his current role, Mr. Almazrouei held the positions of Chief Executive Officer at ADNOC Onshore as well as ADNOC Offshore, which are the two primary organizations within ADNOC Group that explore, develop and produce crude oil and natural gas from Abu Dhabi’s major onshore and offshore fields. Before assuming his CEO roles, Mr. Almazrouei was the Deputy Director of ADNOC’s Exploration and Production Directorate where he ensured the efficient operation of ADNOC upstream businesses and was responsible for all aspects of the Group’s oil and natural gas exploration, development and production. Mr. Almazrouei is a board member of a number of organizations, including ADNOC Drilling, Al Yasat Petroleum and ADOC as well as NPCC and the Higher Colleges of Technology. He has spent his entire career with ADNOC Group and, since his start in 1995, has held various technical roles within drilling, production and reservoir engineering. Mr. Almazrouei holds a Master of Engineering (MEng) degree from the Imperial College of Science, Technology and Medicine (London, UK), and is an alumni member at the Harvard Business School – General Management.

Sessions With Yaser Saeed Al Mazrouei

Tuesday, 8 March

  • 02:05pm - 02:45pm (CST) / 08/mar/2022 08:05 pm - 08/mar/2022 08:45 pm

    The Future of Upstream: Charting the course

    Panel Energy Transition/Climate & Sustainability

    In its May 2021 flagship report, “Net Zero by 2050: A Roadmap for the Global Energy Sector,” the IEA called for no new investments in fossil fuel projects including oil and gas, in order to reach net-zero emissions by 2050. Since that publication, oil prices increased over 35%; prices increased by over 55% since February 2021. Gas prices increased further and faster. Two competing narratives drive the debate: one promoting accelerated transition and abrupt end to hydrocarbon use and the other calling for orderly, gradual transition, minimizing disruptions, price shocks, and volatility. Global upstream faces whiplash between two narratives. Outside the OECD, thrust for mobility and electricity continues to increase, as millions of people in Asia and Africa strive for access to heat, light, and mobility. Is the upstream sector seeing premature underinvestment and could this be reversed? Will this decade bring recurring mismatches in demand and supply, and could this volatility be reduced? What are companies’ upstream strategies, given the drive for capital, operational efficiency, emissions reductions, and financial discipline? How has the industry changed regarding portfolio choices, with close to two-thirds production being short-cycle barrels?