Position: Group CEO, BP
Biography: In early 2013, Robert Dudley, group CEO of BP, is expected to make a final investment decision on the planned $15bn development of the Khazzan tight gas project in Oman. If the scheme gets the green light following the completion of appraisal work on the field, the Khazzan scheme will be the largest foreign investment ever made in Oman by a single firm and will contribute a much-needed 1 billion cubic feet a day of gas production to the sultanate.
BP would also gain first mover advantage in the emerging tight gas sector in the Gulf, which is expected to expand considerably in the future as countries look to tap reserves that are more difficult to access.
The UAE will also be an area of focus for BP in the year ahead as it looks to secure the renewal of its Abu Dhabi onshore oil concession, which expires in January 2014. The firm was not invited to prequalify in mid-2012 for the concession, but is now said to be back in the running.