Syed Ahmed Masood is Partner & Country
Director DAMSON Group (Pakistan), Consultant for Oil & Gas and Energy Sector Advisory and Managing
Partner of PRODEV Associates. Mr. Masood is a well-known Corporate &
Development Executive and former World Bank Staff Member.
Mr. Masood started his career in 1965 working for the Burmah Oil
Company, UK wildcatting for oil and gas and looking after the
administration and welfare of the Pakistan Petroleum Limited's 1,000
permanent and temporary staff members at the Sui Gasfield located in the
Balochistan desert where he also dealt with tribal relations. The Burmah
Oil Company was at that time Pakistan's largest foreign private investor
with majority shareholdings in Pakistan Petroleum Limited, Sui Southern
Gas Company Limited, Sui Northern Gas Pipelines Limited, a 50% equity in
Pakistan Burmah Shell and significant shareholding in Pakistan Refinery
Limited & Eastern Refinery Limited.
From 1974 to 1986, Mr. Masood held a career appointment with the World
Bank in Washington D.C., USA. His assignments covered geographical areas
including Latin America, East & West Africa and the Middle East and
North Africa for the Bank's External Relations Division. At World Bank,
Mr. Masood maintained executive relations with ministerial level member
country officials to promote a greater diversification of member country
nationals employed by the World Bank.
After leaving the World Bank, Mr. Masood served as Resident
Representative for the Burmah Oil Company in Islamabad. In this
position, Mr. Masood was responsible for senior level government liaison
and negotiations with concerned Government Ministries and Departments on
exploration acreage, seismic and drilling programs, gas tariffs and gas
sales agreements. Mr. Masood obtained the Ministry of Petroleum &
Natural Resources' consent to grant 25% working interest ownership to
the Burmah Oil Company, Premier Oil and Pakistan Petroleum Limited in
the 4 TCF Qadirpur Gasfield without payment of any premium, a 100%
working interest ownership of which had been granted to the state owned
Oil & Gas Development Company Limited.
Later, Mr. Masood assumed the position of Resident Director, Islamabad,
for Premier Oil U.K. a subsidiary of the Burmah Oil Company, UK. In this
position, he was responsible for negotiating exploration, development
and production licenses with work commitments totaling in excess of US $
30 million. He obtained a No Objection Certificate (NOC) from the
Government of Pakistan (GOP) allowing Premier to acquire Burmah Oil's
95% Equity in Pakistan Petroleum Limited at its written down book value
of Pounds Sterling 11 Million.
Later, Mr. Masood assumed a highly privileged position as the Private
Sector Representative on the Prime Minister's Energy Task Force charged
with designing Pakistan's first Integrated Energy Policy including
Petroleum and Power. He presented the Petroleum Section of the Policy to
the Federal Cabinet. The policy resulted in attracting approximately US
$ 3.5 billion foreign investment within a period of three years for the
establishment of 19 Independent Power Projects and significantly
increased oil & gas exploration activities in Pakistan.
Mr. Masood also served as Resident Director in Pakistan for the
Infrastructure Capital Group, USA, developing a 235 MW Natural Gas based
IPP sponsored by Tenaga Nasional Berhad, Malaysia's Power Utility,
backed by the Government of Malaysia. He participated in all
negotiations with concerned government departments (e.g Ministry of
Investment, Ministry of Water & Power, Ministry of Petroleum & Natural
Resources, WAPDA & Private Power and Infrastructure Board), attended all
shareholders meetings and project development related activities in and
outside Pakistan.
Since 1998 to date, Mr. Masood has been Managing Partner of PRODEV
Associates, and has consulted and advised and represented companies such
as Interrao (Russia), Vitol, Netherlands, Impregilo SpA (Italy), Ed.
Zublin AG (Germany), Siemens GmbH (Germany), GAZPROM (Russia), EnerSea
(USA), and Galileo Technologies (Argentina) for multi-sectoral projects
and proposals. PRODEV's important project advisories under Mr. Masood's
leadership include:
- An 80 MW IPP based on a combination of stranded low btu Natural Gas
and RLNG.
- A 50 MW Wind Power Project in the province of Sindh.
- A 20 MW Captive Coal Water Slurry Power Plant for a major industrial
complex.
- A 100 KW Solar Power Plant for a University's administrative office
building.
- The Pakistan Agriculture Research Council on a large scale grain
storage project to achieve price stability and food security through
constructing 8 million tons of grain storages in three years at a cost
of $ 330 Million using a novel building technology at significantly less
cost and time than conventional construction.
- Helped Siemens GmbH on their 412 MW Independent Power Project (IPP) to
convert their power plant from furnace oil to natural gas by securing a
12 month 24/7 gas supply contract with SNGPL, the only one of its kind
in Pakistan.
Mr. Masood served on various public and private sector committees
involved with the formulation of sector specific policies. He was a
founding member of the Petroleum Exploration and Production Companies
Advisory Committee (PEPCAC) which played an effective and successful
role in promoting constructive communication and working relationship
between the Oil & Gas companies operating in Pakistan and all concerned
federal & provincial ministries and departments. He also held a number
of honorary appointments as Patron or Board Director for various NGOs
working on environmental, health and academic issues. Mr. Masood has
also been responsible for handling senior level government relations
primarily dealing with the Ministries of Finance, Economic Affairs,
Water & Power, Petroleum & Natural Resources, National Food Security &
Research, Ministry of National Health Services and Planning Development
& Reform.
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