Chairman and CEO of DeGolyer and MacNaughton Spotlight Interview at Baku Energy Forum on June 2, 2026

June 2, 2026

Recent insights from the Baku Energy Forum highlight a compelling outlook for Azerbaijan’s energy sector—both in terms of resource potential and its strategic role in global markets.

John W. Wallace, CEO of DeGolyer and MacNaughton, emphasized Azerbaijan advantages in the hydrocarbon sector and potential growth opportunities.  Mr. Wallace spoke on new challenges and trends the industry has faced in recent years and the opportunities now available to Azerbaijan’s evolving energy landscape, which spans petroleum, geothermal, critical minerals, and offshore potential.

In a world where energy security is a top priority, the country’s strategic connection to Europe is becoming increasingly important.

These strengths are amplified by evolving global dynamics. From post-pandemic market recovery to geopolitical shifts reshaping supply chains, energy companies are actively looking beyond traditional regions for growth. Azerbaijan’s strong geological foundation and expanding exploration opportunities put it in a favorable position to attract continued international investment and collaboration.

Article Links:

🔗 Exploration growth could unlock new energy resources in Azerbaijan, CEO says

🔗 John Wallace: Azerbaijan has strong potential for new oil and gas discoveries

🔗 John Wallace: Azerbaijan’s access to Europe creates an advantage for energy security