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Basel Asmar, Ph.D.

Director – Upstream Capital and Operating Costs Service, IHS Markit

Dr. Basel Asmar is a director at IHS Markit, focusing on upstream exploration and production cost and technology.
He is an expert in oil and gas fundamentals and a dynamic simulation expert with extensive computer, modeling, and simulation skills. He is part of the Exploration, Production, Cost and Technology (EPTC) team working on consulting assignments, multi-client studies and core research. In prior roles, he led international cost estimating and performance improvement consulting activities. Dr. Asmar has worked with major engineering companies concerned with large LNG regasification and liquefaction terminals, natural gas compression stations, and offshore oil and gas production platforms. Formerly, he was as a senior process engineer and dynamic simulation specialist with CB&I, Mott MacDonald, and IMEG, and a lead consultant with Trident Consultants Ltd, London. Dr. Asmar has published more than 40 articles in international journals, conference proceedings, and newspapers. He has authored a book, "Fossil Fuels in the Arab World: Facts and Fiction." He holds a Bachelor of Science in Chemical Engineering from the University of Jordan, Amman, Jordan, plus a Master of Science in Project and Process Engineering and a Ph.D. in Chemical Engineering from the University of Nottingham, UK, as well as a doctorate from Free University Berlin, Germany in Geoscience. He is a Chartered Engineer, a member of the Institute of Chemical Engineers and a senior member of the American Institute of Chemical Engineers.
  • Oil & Gas
  • Cost benchmarking
  • Equipment and technology
  • Exploration and Production
  • Industry monitoring & trends
  • Natural Gas, NGLs and LNG
  • Oil & gas upstream
  • Scenario planning & analysis

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