Berislav Gaso

Berislav Gašo

Member of the Executive Board of OMV Aktiengesellschaft

Executive Vice President Energy

On March 1, 2023, Berislav Gašo assumed his role as a Member of the Executive Board of OMV Aktiengesellschaft, where he is responsible for the Energy Division. In his new position, he will actively contribute to the transformation within the framework of the new OMV Strategy 2030. He has been appointed for a 3-year term, with an option to extend for 2 additional years.

He holds a Master's degree in mechanical engineering from the Technical University of Munich, Germany, and a PHD in business administration from the University of St. Gallen, Switzerland. Berislav Gašo has held various management positions in the MOL Group after working as a junior partner at McKinsey & Company.

Most recently, he served as the Executive Vice President in charge of MOL Group’s Exploration & Production Division.

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.