Under the patronage of His Highness Sheikh Mohamed Bin Zayed Al Nahyan, President of the United Arab Emirates

تحت رعاية صاحب السمو الشيخ محمد بن زايد آل نهيان، رئيس دولة الامارات العربية المتحدة

Supported by

Muqsit Ashraf

Group Chief Executive – Strategy

Accenture

Muqsit
Muqsit

Muqsit Ashraf serves as Accenture’s Group Chief Executive – Strategy and co-lead for the company’s $15 billion Strategy & Consulting service, which covers 40 industries and multiple enterprise functions and networks and has a global team of 45,000+ people across 100+ countries. He is a member of Accenture’s Global Management Committee. Accenture Strategy is a leader in enterprise reinvention through business and technology expertise. Specifically, Muqsit partners with clients to improve performance and resilience by seamlessly integrating strategy, industry and functional expertise, and technology, data and AI to navigate the increasingly disruptive business landscape. Prior to this role, Muqsit led Accenture’s global Energy industry practice. In that role, he transformed Accenture’s Global Energy Board into a leading industry leaders’ community of more than 40 global CEOs/Chairs/CXOs and sponsored Accenture's relationships in Energy and Resources with the World Economic Forum, the World Energy Council, and the World Petroleum Congress. Muqsit attended Yale University.

Session Overview
Tuesday, 5 November
13:00
Strategic Conference ICC Hall 13:00 - 14:00
View Session
Decarbonising operations across upstream, midstream and downstream

Oil and gas operations account for 15% of total energy-related Scope 1 and 2 emissions globally. To meet the IEA’s Net Zero Emissions by 2050 scenario, Scope 1 and 2 emissions must be reduced by 50% by 2030. Producers have the means to achieve this target, including reducing methane emissions, the elimination of non-emergency flaring, the clean electrification of upstream facilities and equipping oil and gas processes with CCUS technologies. However, an estimated US $600 billion in investment will be needed to deliver the 50% reduction in the timeframe required. In addition, collaboration between sectors will be critical when optimising supply chain operations, allowing for greater efficiencies and increased profitability.

Attendee insights:

Understand what is needed to decarbonise upstream, midstream and downstream operations, addressing the necessary requirements related to Scope 1 and 2 emissions and identifying the effective levers for decarbonisation.

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