IEF-IFP Symposium "Enhancing global energy security, role of technology in the petroleum sector"

15 December 2008
Riyadh, Saudi Arabia

Context

Over the next decades, soaring energy demand in a carbonconstrained world will try the ingenuity of even the most resourceful energy planners. Ample primary energy resources certainly exist for the foreseeable future. But there are unanswered questions about mobilizing this potential.
 
Energy Ministers gathered at the 11th International Energy Forum (IEF) concluded that a sustainable energy future implies efficiency improvements, technological advances in both production and consumption of fossil fuels, and development of alternative low-carbon energy sources. Ministers advocated renewed energy technology collaboration between producing and consuming countries.
 

Objective

The main objective of the symposium is to assess future development of technology and its role in increasing fossil fuels supply while mitigating CO₂ emissions (enhanced oil recovery, carbon capture and storage, new production frontiers and challenges, etc.). The symposium will also discuss the role of governments in promoting technological development and deployment (funding of R&D).
 
The symposium will gather participants from both producing and consuming countries, as well as from oil companies, in order to promote exchanges of views on prospective aspects and identify ways to enhance dialogue and cooperation between producer and consumer countries.
 

Content

The symposium will discuss the role of new technologies in increasing petroleum supply and seek Ministers answer to the following question: If technology is expected to enhance energy security by bridging the gap between supply and demand while mitigating climate change, what policies should governments implement to support technological development and deployment? What avenues for cooperation between producing and consuming countries to that end?
 

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