Mr. Omar Abou-Sayed
Member, Board of Directors

• Experience Summary

Mr. Abou-Sayed spent four and a half years with BP in which he served across facilities, operations and reservoir engineering. In addition, he was Chief of Staff for the Russia business unit where he conducted special projects ranging from lobying positions, M&A strategies, communications packages for senior management, economic modelling and evaluations, as well as others. After BP, he completed his MBA at the Harvard Business School. Omar has also served on the Board of Directors at ADVANTEK International since its founding in 1999 where he has been particuarly involved in business development and strategy.

Education

MBA, the Harvard Business School; June 2004

B.Sc. In Mechanical Engineering, the University of Texas at Austin; 1998

Professional Experience

1999 - present
ADVANTEK International Corp
Member of Board of Directors, Interim Vice President of Business Development and Strategy

Tasks performed:

  • Led negotiations for revenue sharing deal with a major oilfield service company to leverage ADVANTEK's proprietary software and design capabilities and the service company's equipment busienss.
  • Led team in developing software to evaluate economic impact and risk factors for oilfield waste disposal options.

Summer Consultant, 2003
The Boston Consulting Group

Tasks performed:

  • Identified growth opportunities for a major US utility interested in leveraging its strong balance sheet.
  • Screened regional assets to identify and value distressed power plants based on each plant's marginal generation costs, utilization rates, current contracts, and future regional pricing forecasts.
  • Analyzed US power market subregions to identify supply and demand evolution and future price trends.
  • Evaluated the power requirements of major regional electricity distributors and retailers as well as their current power-supply contract structure to identify sales opportunities for surplus power generation capacity.
  • Developed integrated growth plays combining specific distressed plants with load and transmission opportunities.

Executive Assistant to the President, Business Development Advisor, 2001-2002
BP, Russia Business Unit

Tasks performed:

  • Delivered special projects including high-level business strategy, lobbying positions, and project economic analyses.
  • Developed and used an integrated option evaluation model that synthesized financial and project engineering concerns which allowed for real time development and financial option evaluation for a $15-$20bn gas project.
  • Worked with BP corporate M&A teams on portfolio expansion options, analyzing asset and infrastructure fit.

Reservoir and Production Engineer, 200-2001
BP, Gulf of Mexico Joint Ventures

Tasks performed:

  • Aligned joint-venture partners to BP positions through influnence, relationship building, and strong technical skill base.
  • Oversaw business planning, field development strategy, and technical evaluation for $300mm subsea project.
  • Influenced partners (Shell, Conoco, Exxon) on major operational issues related to plant integrity, throughput, and uptime. These efforts directly resulted in new field production records.

Intern, Summer 1997
Shell Deepwater Production Co.

Tasks performed:

  • Developed createive re-certification procedure for critical offshore equipment, eliminating costly downtime

Operator, Summer 1996
BP, Gulf of Mexico Operations

Tasks performed:

  • Lived and worked on an offshore oil platform. Engaged in inspection, maintenance, and daily operations