Seminar / Workshop
Attracting Investments to the Petroleum Industry Using Distributed Ledger Technology
About this Topic
The investment in E&P has witnessed a severe decline in the last decade. This has caused a decrease in hydrocarbon discoveries in non-OPEC countries, the reserve replacement ratio is also declining for oil majors. The lack of investment is mainly due to price volatility, which leads IOCs, hedge funds, and banks to evaluate the CAPEX invested in the industry. Democratizing investments can surge liquidity in the Petroleum industry should retail investors gain access to specific Petroleum licenses instead of investing in IOC shares; the pace of funding and risk tolerance will aid in providing the investments needed to keep up with the global Petroleum demand. Security tokens using distributed ledger technology can provide the technical structure for this funding in addition to creating a secondary market that can create a second revenue stream for the token issuer. The tokenization of assets still demands further legislation.
Speaker
Eng. Khaled Hantoush
Instructor
Eng. Khaled Hantoush has been a faculty member of the Petroleum Engineering Department at the Australian University for 8 years. He worked with Van Meurs Energy Oil & Gas Consultants (Panama) to design and propose a new Petroleum fiscal regime for the Kuwaiti Petroleum industry.
