Security of Resources
A Conversation with Peter Botten, Oil Search and Tania Constable, Minerals Council of Australia
Pushing the boundaries: How can Australia and the US collaborate to secure a safe future supply of resources in the Indo-Pacific?
Peter Botten, Managing Director of Oil Search, will be joined by Tania Constable, CEO of the Minerals Council of Australia, to assess resource investment opportunities in the Indo-Pacific, sovereign risk, and public-private partnerships. Moderated by Robert Skeffington, FTI Consulting.
In his 26 years as Managing Director, Peter Botten has presided over the impressive growth and profitability of Oil Search in the sensitive, remote and potentially volatile regions of Papua New Guinea. By linking the viability of the business to the increasing prosperity of the country and promoting PNG as an attractive destination to invest and develop, he has taken Oil Search to new heights which will double liquefied natural gas exports from PNG in 2020.
The opportunities from investing strategically in the region and engaging strongly with local communities can be significant. But more than this, in a climate of shifting reliability of resource supply, such regional investment strategies can reduce the sovereign risk for high demand resources which are critical to the development of innovative technology in renewable energy, electronics, semiconductors and military equipment.
About Peter Botten
Peter joined Oil Search in 1992 and was appointed Managing Director in October 1994. He is the longest serving Chief Executive on the Australian Stock Exchange and for two consecutive years was included on the Harvard Business Review’s list of the 100 best performing Chief Executives in the World (2015 and 2016).
Under his leadership, Oil Search has become a successful regionally significant oil and gas company, with major equity in the world class PNG LNG Project. Oil Search operates all the oil fields in Papua New Guinea, has grown to be PNG’s largest investor, with extensive oil and gas exploration and appraisal interests. These include equity in Papua New Guinea’s second LNG project, Papua LNG, which recently concluded a fiscal agreement with the PNG Government and is now moving forward with Front End Engineering and Design activities.
About Tania Constable
Tania Constable PSM, joined the Minerals Council of Australia in July 2018 where she is proud to promote and advocate for a strong, vibrant and innovative minerals industry in Australia.
Prior to this, Tania was Chief Executive Officer of the CO2CRC (Collaborative Research Centre for Greenhouse Gas Technologies) a leading global research organisation testing carbon capture and storage low emission technologies in Australia.
Tania previously worked as chief adviser in the Personal and Retirement Income Division of Treasury, working on tax-related matters and has had a long association with resources and energy, holding various senior executive roles in the Australian Government. Tania had responsibility for policy advice to the Minister for Industry on oil and gas regulation, exploration and development, and sustainable mining activities.
During this time Ms Constable also had the privilege of being the Australian Joint Commissioner and Sunrise Commissioner for Australia and Timor Leste leading joint activities on the development of the Joint Petroleum Development Area and Greater Sunrise Project.
She was awarded the Public Service Medal in 2014 for outstanding public service in the development of Australia’s liquefied natural gas and other resource and energy industries.
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