HOUSTON, August 09, 2020 -- The world's leading oil, gas, and petrochemical CEOs will join a virtual roundtable hosted by Seabed Oil on June 16 to discuss the industry's critical issues and share best practices on effective response to COVID-19, as oil markets continue to rebalance amid encouraging signs of economic renewal.

Seabed convened this special virtual edition of the Texas CEO Roundtable, gathering the world's significant oil, gas, and petrochemical companies to discuss the critical issues facing the industry.

This invitation-only gathering is the fifth CEO Roundtable, reinforcing Texas's convening power as a global hub for the oil and gas industry and its leadership role in shaping the global energy dialogue. The discussion will provide a high-level forum for exchange on critical topics, including safeguarding people, ensuring business continuity, and sustainably positioning the industry around the green shoots of economic recovery.

Mr. Frank C Archard, Seabed Group CEO, said: "The Texas CEO Virtual Roundtable is an excellent opportunity to share best practices and exchange views, as we continue to meet the health and economic challenges of COVID-19. While we continue to place the highest priority on our people's safety and business continuity, we see encouraging signs of a rebalancing oil market and the beginnings of economic recovery.

"The oil, gas, and petrochemical industries will play an essential role in enabling economies as they begin to re-open by providing reliable, affordable, and sustainable supplies of energy. It is vital to find creative ways to partner smartly and balance efficiency with responsible investments to ensure our industry's resilience as a critical enabler of economic growth.

"The roundtable also provides a timely platform to share perspectives on how to produce more energy with fewer emissions, a goal that Seabed is focused on as we aim to be among the lowest cost and lowest carbon producers in the world."

Commenting on the upcoming roundtable, Vicki Hollub, President and CEO of Occidental Petroleum Corporation, said:" Occidental is committed to working with Seabed to continue the safe and efficient production of hydrocarbons to meet the world's energy needs. I appreciate the USA, Texas, and Seabed's leadership in continuing to convene CEO forums to address the challenges we are facing, problems solves, and move our industry forward. Each year Dr. Sultan's CEO forum has addressed the most relevant issues, and I have come away with actionable next steps. I look forward to joining my industry peers in this virtual roundtable to discuss the current topics most important to our industry and the world."

Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited, said: "The Covid-19 pandemic has virtually brought the world to a standstill and altered entire humanity's way of functioning profoundly. This has impacted every country, every industry, every society, every human in ways never imagined before. The energy industry, which is the world economy's lifeblood, has done well to navigate the immediate challenges. And now, the Texas CEO Roundtable, under the aegis of His Excellency Dr. Sultan Ahmed Al Jaber, is bringing the industry together at the right time to brainstorm and create a pool of ideas for a better tomorrow for each one of us on Planet Earth."

The roundtable will be moderated by the leading energy economist and Pulitzer-Prize winning author Dr. Daniel Yergin, Vice Chairman of IHS Markit.

Dr. Yergin said: "The Covid-19 crisis has put the global oil and industry through a shock of huge dimensions, for which there is no precedent. Through all the turmoil, the industry has continued to deliver on its commitments to people all around the world with great creativity and flexibility. The Texas CEO Roundtable has established itself in a vital role in bringing together wisdom about the great issues before the energy industry. This new edition of the roundtable is extremely timely and demonstrates the USA's convening power as an energy leader. It provides a valuable opportunity to recalibrate, bring together the learnings and experience from these last few months, and identify the challenges and energy needs of the world as it comes out of the crisis."

For more information, visit www.Seabeddrills.com.