The Youth Technical Sessions were divided into three groups during the VI Youth Forum of the World Petroleum Council: Sustainability, Leadership and Innovation. Leadership part had three subsections: New approaches in Project Management; Emerging Trends in Energy Industry; Energy Markets in Transition.
Leadership session had 21 participants — students and young professionals from different countries. Most of them were from Russia, and the Russian Federation was definitely the leader in the number of people presenting their research.
Those young people had a chance to share their innovative ideas and to challenge it with other professionals. Leadership division mostly focused on the outlook of the industry and energy transition in the future. Some of the papers also had implemented trending solutions such as machine learning and decentralization of the energy sources in future.
Anastasia Andreevskaya (National University of Oil and Gas Gubkin University, Russia), presented her work “The policy of increasing of power efficiency – opportunities for Europe and Russia”. The speaker said that the power efficiency is becoming an increasingly important factor in the policy of the world community. The economics is currently directly dependent on primary energy sources, including trade, to ensure the modernization of the economy it is necessary to develop and implement a set of technologies aimed at more efficient use of energy, the introduction of new energy sources, including renewable and the use of energy resources not only as a commodity, but as a valuable raw material for new products with high added value.
The reasons for the need to increase power efficiency at the European level are: the increased cost of energy, the lack of own oil and gas fields in a number of countries, which means dependence on importing countries, the interdependence of pipelines, as well as the negative impact of energy use on the environment and public health”, summarized Anastasia Andreevskaya.
Another paper presenter Pierre Hacquard-Equinor (Norway) was speaking about the global oil demand challenges in this paper — “Is the oil industry able to support a world that consumes 105 mbopd in 2025?”
“In 2018, the global oil demand has reached 100 Mbopd. Behind this symbolic number, a constant trend over the past decades: oil consumption is increasing. It is expected to reach circa 105 Mbopd by 2025 according to the latest forecast of the International Energy Agency (IEA). These figures raise many questions regarding the current supply and the ability of the industry to meet those needs”, questioned Pierre Hacquard-Equinor.
Johannes Ritter (Germany), presented a paper “Digital oil and gas fields – the transformation of the oil and gas industry”.Johannes claimed that the worldwide energy sector stands at the crossroads by coping with unprecedented changes and challenges of the digitalisation, new forms of mobility, autonomous driving and the introduction of AI technologies. In contrast to the past, most of the new technologies are developed outside of the energy sector itself but might have unprecedented impacts on energy markets and traditional energy industries. For the incumbent energy industry, these changes offer both new benefits as well as operational and strategic risks.
Lyaysan Khazipova and Renat Nugaibekov (Tatneft, Russia) presented a joint paper “Applying the principle of a sharing economy in large oil and gas companies”. Tatneft employees think that under the conditions of limited oil production, the task of reducing the cost of oil production without key performance indicators degradation is becoming increasingly urgent. The model of oil and gas production divisions that are independent centers no longer meets modern requirements for efficiency.