MMME Target Zone for Future Opportunity

PARIS, April 23, 2013 /PRNewswire/ --

10th Maghreb, Mediterranean, MidEast Upstream Conference highlights new developments

With the potential to satisfy all of Europe's gas-LNG needs, with much unexplored terrain and new oil-gas finds the Maghreb, Mediterranean & MidEast region remains a target zone for future opportunity and will continue to shape the dynamics of the global upstream industry. All new discoveries, production developments, gas-LNG finds, state oil/gas policies and investment opportunities that allow the game to grow, will be highlighted at the 10th Maghreb, Mediterranean, MidEast Upstream Conference 2013 in Paris.

The international senior-level conference will be hosted by Global Pacific & Partners on June 4^th and 5^th at the L'Hotel du Collectionneur Arc de Triomphe in Paris, France. Before this meeting brings together 150 senior level key government, national oil company and corporates as well as industry players to focus on all new developments, Global Pacific & Partners chairman and CEO Dr Duncan Clarke provides an in-depth examination of the upstream oil and gas-LNG strategies in exploration and development across North Africa and the Greater Middle East, and the strategies of corporate, governments and national oil companies as well as new players during his 10th Maghreb-MidEast Strategy Briefing, prior to the conference, on June 3^rd.

During the conference 27 keynote speakers from giant oil states, super majors to private vehicles and local companies will provide inside in new exploration and development opportunities, government upstream policies, new venture potential, new acreage, projects and markets in over 20 countries, from Iran to Cyprus, from Mauritania to Morocco, from Italy to Croatia.

"The Maghreb/MidEast has strong state oil players with dominant positions in many countries, yet opportunities have expanded in deals, bid rounds and acreage opened in frontier zones and new basins," Duncan Clarke says. "Competition in the Middle East and North Africa remains fierce, despite risks, while crude prices and the global economic crisis has forced readjustments and changes in regimes. Yet energy investment interest remains strong, and the large firms - from super-independents to super-majors and national oil companies from overseas - have added to in-place portfolio in both the wider Middle East and in North African oil/gas and LNG ventures."