Mohd Jukris Abdul Wahab

Mohd Jukris Abdul Wahab (57) was appointed as the Executive Vice President & CEO of Upstream on 1 July 2024. He has accumulated vast experience in Upstream Business, having held various senior leadership positions including Vice President International Assets and Vice President Malaysia Assets, as well as an Independent Board Director for PETRONAS Carigali Sdn. Bhd. and PC International Ventures Sdn Bhd. He started his career journey with PETRONAS in 1990 as a Reservoir Engineer. Since then, he held various leadership positions both in Malaysia and international operations, including as the Senior General Manager of Petroleum Resource Development for PETRONAS' Petroleum Management Unit (PMU), Executive Assistant to the President, Chairman of PETRONAS Sudan, Head of Peninsular Malaysia Operations (PMO) and Head of Petroleum Engineering. His notable achievements throughout 30 years of experience in PETRONAS include leading the negotiation and conclusion of two (2) Production Sharing Contract (PSC) deals, namely the 2008 PSC and Baram Delta Oil (BOO) EOR PSC. He also played an instrumental role in establishing the Risk Service Contract (RSC) for the monetisation of stranded marginal fields in Malaysia, as well as championed the development of the PETRONAS Decommissioning and Abandonment Framework in shaping the management of post-production assets. During his international stint, Jukris was decisive in safeguarding PETRONAS' interest in Sudan during the pre and post-separation of the country, driving the resolution of contractual issues with both Sudan and South Sudan authorities. Jukris is also dedicated to staff development and capability-building, drawing on his past experience as a Skill Group Advisor for PETRONAS Petroleum Engineering. He also actively participates in industry events, delivering keynote and serving as a panel speaker. His notably appearances include ADIPEC Leadership Roundtable 2024, GE Leadership Forum, Offshore Technology Conference Asia 2018 and various SPE Events. Jukris is an alumnus of Texas Tech University which he holds a B.Sc in Petroleum Engineering. He attended the INSEAD Management Development Program in April 2006, and the Advanced Management Program (AMP) at the Wharton Business School of University of Pennsylvania in 2015.

Session Overview

Wednesday, 5 November

10:40

Global strategy ICC Hall A 10:40 - 11:20

Redefining the upstream industry: the new leadership agenda

The upstream industry has seen rapid transformation in recent years. Technology has been instrumental in this, as companies have focused on cost resilience by leveraging AI and digital technologies. Additionally, capital investment in the oil and gas sector will need to scale to meet rising demand – supporting long-term energy security while maximising shareholder value.

For upstream energy leaders, strategies can include both growth and consolidation in the form of portfolio diversification, strategic acquisitions and mergers, and scaling operations. In addition, with increased supply and lower oil price forecasts, cost reduction is imperative, and operators must champion integrated solutions across all operational aspects.

Additionally, investments can accelerate breakthroughs in scalable technologies such as renewable energy integration, carbon capture and storage (CCS), and Direct Air Capture (DAC), as well as advanced analytics to increase energy and production efficiency. Challenges remain in finding the right balance between decarbonisation and profitability priorities, which upstream leaders will have to navigate while simultaneously maintaining targets amidst shifting market dynamics.

Attendee insights:

Learn from energy companies about what their priorities are in upstream and how they are changing their business models to adapt to the current industry needs.