Speeches 2005
What is the international oil company of the future going to look like?
21/04/2005
Based on a speech given by Jeroen van der Veer, Chief Executive of the Royal Dutch/Shell Group and President of Royal Dutch Petroleum Company to the International Oil Summit, Paris, 21 April 2005
Based on a speech given by Jeroen van der Veer, Chief Executive of the Royal Dutch/Shell Group and President of Royal Dutch Petroleum Company to the International Oil Summit, Paris, 21 April 2005
As global demand for energy continues to grow, oil companies are going to need to develop more and bigger projects. These projects are also increasingly going to present significant technical, social and environmental challenges and the oil company of the future will need to be able to execute several of these projects at once. International Oil Companies have some advantages in this respect with a good track record; the resources to invest in new technology; and a focus on delivering good returns to shareholders. Within the overall context of rising energy demand, it is clear that fossil fuels will remain a growth industry. There are significant oil and gas resources still available but what we need to do now is focus on ways of reducing their impact and reach for the prize of clean, green fossil fuels.