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International challenges

IFP Energies nouvelles (IFPEN) implements its cooperation strategy on an international scale, taking into account the evolving geopolitical and economic context.
  
In 2013, the trends observed in previous years were further confirmed:

  • state-owned companies in producing countries play a dominant role and their requirements in terms of training and technology transfer offer new market opportunities for the IFP Group;
  • oil prices remain high, making it possible to develop and use more expensive technologies, including Enhanced Oil Recovery (EOR) techniques, which are of particular interest to industry as it continues to exploit mature fields;
  • the boom in unconventional gas and oil requires the continued development of technologies to support their sustainable production;
  • the predominance of gas as the energy of the 21st century was confirmed with considerable discoveries;
  • competitive pressures continue unabated with the emergence of new players in Asia and with established players impacted by the crisis.

These trends, combined with political uncertainties and instability in certain countries in Africa and Latin America necessitate more than ever before the implementation of a diversification strategy and the invention of new growth vectors.
  
In addition, security issues in countries such as Iraq and Libya raise questions about any IFP Group presence in these regions. To deal with this situation, IFPEN and its subsidiaries have reinforced their presence in a number of countries, focusing their efforts in three major regions:

  • the Middle East,
  • Russia,
  • and Latin America,

while continuing to seek openings in new markets:

  • Sub-Saharan Africa,
  • Asia, etc.

Moreover, to accelerate the innovation process and thereby more rapidly address the needs of industry, IFPEN forges partnerships with research centers in various countries (the United States, for example).
  
Partnerships of a more innovative nature bring together IFPEN with industrial players and foreign research bodies. In particular, this is the case of research consortiums, JIPs (Joint Industry Projects) and demonstrator projects.


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