Executive Vice President of Global Field Operations, Weatherford Intl
Search every verified Richard Ward interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In a 2022 interview at the Egypt Oil and Gas conference, Richard Ward, then serving as Senior Vice President of Subsea Production Systems at Baker Hughes, discussed the company's operations in Egypt and the role of natural gas in the energy transition. Ward described the Zohr gas field development as a milestone for Egypt and the industry, stating that Baker Hughes provided the subsea infrastructure for the field, which he said provides 56% of Egypt's national production. He characterized Egypt as "uniquely positioned to become a real infrastructure hub for the European East Mediterranean region," citing its upstream and downstream sectors and spare infrastructure capacity. Ward stated that Baker Hughes was developing a technical hub in Egypt focused on gas, with the intention of exporting that talent and capability to global projects. He expressed the view that demand for energy will increase as countries grow)Skip and that hydrocarbons will remain in the energy ecosystem for several decades. Ward described natural gas as a "natural transition fuel to a cleaner future" and emphasized the importance of developing hydrogen projects to provide energy with minimal emissions. He also said that hosting COP27 in Egypt would reinforce the necessity of hydrocarbons in the energy mix while allowing for open discussion about cleaning hydrocarbons in partnership with renewable growth.
“The Zora project was a milestone for Egypt and the industry really. Baker Hughes was fortunate enough to be chosen to be the partner in that development from a subsea infrastructure standpoint, providing all the hardware and equipment to allow for the safe and efficient production of that field which now provides 56% o...”
“Egypt is uniquely positioned to become a real infrastructure hub for the European East Mediterranean region. It has the upstream industry, downstream sectors, and the infrastructure with spare capacity inside that infrastructure, which positions it uniquely to tie into other markets.”
“Baker Hughes is now looking to develop a technical hub here in Egypt specifically around gas. That talent and capability will then export around the world to other projects that we have that are world class.”
“Demand for energy is going to be increasing as countries are emerging and growing. Hydrocarbons today are the predominant source, renewables are growing, but hydrocarbons will be in the energy ecosystem for several decades.”
“Natural gas is a natural transition fuel to a cleaner future. The key is to develop hydrogen projects to provide energy effectively at the right cost with the least emissions possible, ideally zero emissions, but we have to be realistic on that journey.”
“Having COP27 here in Egypt will reinforce the necessity of hydrocarbons being in the energy mix but also allow us to talk openly, candidly, transparently, and honestly about the journey the industry must go on to clean hydrocarbons as far as possible in partnership with renewable growth.”
“Baker Hughes is playing a very big role with Egypt and the government to support the angle of COP27 as an energy company, going through its own strategy for climate change and energy transition.”
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