Competing in the World Energy Market: The Key Factors for Investing in Oil and Gas Ventures

By

James T. Hackett¹

(1) Chairman, President and CEO-Ocean Energy Inc, Houston, TX

 Over the next decade, the worldwide energy industry estimates it will invest more than tens of billions of dollars in the development of global oil and gas resources. Determining where to spend these dollars is a complex process, and Ocean Energy has developed a unique portfolio modeling method that combines a number of factors from a geoscience, engineering, commercial and political perspective to guide its international investment strategy. In this presentation, James T. Hackett, chairman, chief executive officer and president of Ocean Energy, Inc., one the largest independent oil and gas companies in the United States that is active in eight countries, will discuss the sophisticated approach his company utilizes and the type of partnership arrangements it seeks from host governments to encourage new and continued investment.