Supported by

Sherif Foda

Chairman of the Board & CEO

NESR

Sherif
Sherif

Sherif Foda has served as Chairman and Chief Executive Officer of NESR since its inception. He founded the company in 2017 with the vision of creating the first and largest energy services company from the MENA region publicly listed on the Nasdaq Stock Market. He has more than 25 years of international experience in the energy industry, having spent much of his earlier career with Schlumberger (NYSE: SLB) in senior executive and leadership roles across the Middle East, Europe, Africa and the US. His roles included Senior Advisor to the Chairman, President of the Production Group, President of Europe and Africa, and Managing Director of the Arabian market, among other leadership positions. He has attended executive programs at Harvard Business School, Oxford and IMD and is a frequent speaker at leading industry forums. He currently serves on multiple boards, is a member of the Oxford Energy Policy Club in the UK, and serves on the board of Al Fanar Venture Philanthropy in London.

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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