We at the University of Houston, Institute for Energy, Law & Enterprise, are pleased to announce the 2005 session of New Era in Oil, Gas & Power Value Creation. Scheduled for May 8-20, New Era addresses both energy value chain fundamentals as well as commercial energy investment complexities with a unique integration of tools, activities and concepts. The program is especially useful for public and private decision makers engaged in energy sector reform and development in their home countries, and commercial managers engaged in international project and business development, in particular those involved in managing investor/host government relationships. Centered on a "virtual country," New Era emphasizes the relationship between energy value chain economics and policy and regulatory frameworks necessary to host commercially successful infrastructure investment. Program delegates interact with industry and government experts during seminars as well as during site visits. The key program objectives and benefits are as follows.

Improve knowledge of commercial requirements for energy projects
Define best practices to address commercial requirements
Enhance understanding of energy value chain economics and fundamentals
Expand the New Era best practices network to define and mitigate stakeholder issues
Hone management, communication and problem-solving skills with respect to policy and regulatory frameworks
Gain experience with "smart development pathways," a concept developed by UH IELE to address "soft" issues that should be addressed in project risk management and mitigation especially with regard to public education and information access.
For more information about the program, please watch our short video at http://www.energy.uh.edu/new_era_video.asp and see attached flyer.

For information on pricing options, nominations, and how to utilize New Era as a corporate partner for country-specific needs, contact us at energyinstitute@uh.edu or 713-743-4634.