Supported by

Ariel Flores

SVP, Capital Development, Upstream

bp

Ariel
Ariel

Ariel is bp’s senior upstream executive, accountable for global access, exploration, development, wells, and capital allocation to support oil and gas growth. Over a 26-year career at bp, Ariel has held a wide range of technical, operational, and business leadership roles and lived in the United States, Russia, Azerbaijan, Angola, the Middle East, and Aberdeen. He is currently based in the United Kingdom. Ariel holds a Bachelor’s degree in Chemical Engineering from Rice University and is a graduate of bp’s Operations Academy. He speaks Spanish, English, Russian, and Portuguese, and is widely recognized for his global perspective and cross-cultural leadership. Ariel enjoys golf and family life with his wife and three children.

Session Overview
Tuesday, 3 November
16:25
Upstream Conference Room B 16:25 - 17:25
Time-to-first-oil: compressing development cycles under constraints

As energy security concerns intensify and the urgency to bring new supply online grows, permitting bottlenecks, local content rules and regulatory divergence across jurisdictions continue to extend development timelines, creating a direct tension between supply urgency and delivery complexity. Industrial congestion, equipment backlogs and labour shortages are compounding delays between discovery and first production. Infrastructure readiness is a further constraint: pipeline access, export facilities and processing capacity determine how quickly developments can move to production. To protect project economics, companies are redesigning development strategies around phased execution, standardised engineering and early infrastructure tie-ins. Joint venture structures are evolving to align host-country regulatory expectations with international project management practices. In today's market, time-to-first-oil is a critical measure of upstream competitiveness. Operators that can accelerate the journey from discovery to production will be better positioned to capture first-mover advantage in competitive basins.

Attendee Insights:
Understand how leading operators are accelerating the path from discovery to production while managing regulatory and delivery constraints.

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