Yaser Saeed Al Mazrouei

Abu Dhabi National Oil Company (ADNOC)

Executive Director, Upstream Directorate

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. Yaser 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. Al Mazrouei 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. Al Mazrouei 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. Yaser Al Mazrouei 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. Al Mazrouei 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, 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?