Khalid Abdul Samad

Khalid Abdul Samad is Executive Vice President, Development & Production (Oil) at ADNOC Upstream, where he oversees ADNOC’s upstream oil-producing companies and supports the delivery of their asset mandates. With more than two decades of experience in the oil and gas industry, he has held leadership roles across engineering, project delivery, field operations and asset management. Since joining ADNOC in 2000, he has contributed to major oil and gas field development activities and led production operations at the Shah Field. He was appointed to his current role in 2023. Khalid holds a bachelor’s degree in Chemical Engineering from United Arab Emirates University.

Session Overview

Tuesday, 3 November

14:30

Clean Power, Molecules & Carbon Management Conference Room A 14:30 - 15:10

CCS: identifying where the economics work and why

CCS remains highly location- and policy-dependent, with costs of USD 100 to USD 250 per tonne of COâ‚‚. Yet a small number of projects are proving the economics can work, each through a different model: open-access transport and storage, industrial clusters backed by contracts for difference, and integration into existing waste-to-energy assets. What they share is durable offtake, shared infrastructure, government-backed risk-sharing and collaborative value chain models. The open question is how far these conditions can be reproduced in markets without the same policy support or industrial density. Across the value chain, margins are shifting toward those who control transport and storage rather than capture alone, and demand is broadening from compliance buyers to hyperscalers, industrial clusters and voluntary purchasers of verified removal.

Attendee Insights:
Assess which lessons from the projects with viable CCS economics can be replicated, and which demand signals are durable enough to underwrite the next wave of deployment.