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Agenda Overview

Day One: Thursday, March 15, 2018

8:15AM Registration & morning refreshments
9:00AM Chairperson's opening remarks
9:10AM Global offshore oil & gas market forecast: Are FIDs and project awards on their way?
  • Pervading sentiment seems to be that the market has bottomed out; to what degree is this true?
  • How low has breakeven reached, and is it sustainable?
  • Which geographies and production companies are set to provide the immediate pipeline of FIDs?
Jarand Rystad, Managing Partner, Rystad Energy
9:35AM European offshore wind energy overview: Assessing the current state of play and how the source ties into the energy matrix
  • Where do capacity levels currently stand, and where are projects coming from?
  • Examining the advancement in the sector’s technology, project delivery and financing
  • Outlining the key participants as the market matures and consolidate
Niels Jongste, Managing Director, Green Giraffe
10:00AM Adapting lending models to new market realities: Effects of the oil price crash and the new global energy scenario on the outlook for banks and other lenders

The audience will begin the session by voting on three issues. Panel members will then tackle the issues in their discussion, before a secondary audience vote at the end of the discussion. Will you change your mind?

  • How have banks altered lending models based on the oil price crash?
  • To what degree does restructuring remain the defining industry trend?
  • As FIDs and green shoots of recovery arrive, how willing are lenders to finance the oil & gas services sector?
  • What impact has the continued emergence of renewable energy, and particularly offshore wind, had on lenders’ offshore strategies?
  • Will companies who have avoided restructuring be rewarded with easier access to debt going forward?
  • How are non-bank lenders differentiating their solutions from banks?
Kristian Flaten, Senior Vice President, Head of Oil & Gas, Eksportkredit Norge AS
Erwin Nederkoorn, Global Head Oil and Gas Offshore Services, ING Commercial Banking
10:45AM Morning refeshments & networking break, sponsored by Société Generale
11:30AM Exploring the fundamentals of the drilling rig industry
  • How have contracting levels and rig utilisation responded to signs of an oil price recovery?
  • What is behind recent examples of consolidation and market entry?
  • Are increased M&A levels reflective of growing industry bullishness?
  • Establishing the steps needed to redress the continuing oversupply, and identifying the obstacles to these steps
  • Against a backdrop of oversupply, how can contractors optimise costs and efficiency to set themselves apart?
  • To what degree have companies who have continued to service debt, and avoided restructuring, found themselves at a competitive disadvantage? How can this be rectified?
12:00PM Staying afloat in production: Evaluating current market conditions and examining technological and financial evolution
  • Scrutinising the pipeline for new floating production projects
  • Tackling current obstacles to redeployment: An update on SBM’s Fast4Ward project
  • How willing are FPSO owners to invest equity in production projects to get them underway?
  • Identifying and rectifying the current sticking points in the relationship between FPSO contractors and E&P companies
  • Key considerations for lenders looking to overcome concentration risk on certain counterparties
  • Introducing new capital to the FPSO space: Where are the potential investors, and what are their barriers to entry?
  • Examining the impact of ECA backing on the bankability of a project
  • What is attracting private equity investors and infra funds entering the FPSO space? Can we expect this trend to continue?
Koos Frowein, VP Finance Treasury, Bluewater Energy Services BV
Eduard Ruijs, Managing Director, BlackRock
David Boggs, Founder & Managing Director, Energy Maritime Associates Pte Ltd
Solveig Froland, Director Shipping, Yards, and Offshore Projects, GIEK
12:45PM Lunch
2:00PM Presentations: Finding Opportunity in the Global Energy Transition
Three 20 minute presentations from companies responsible for the development of offshore wind projects and technology
 
Offshore Wind Developer: Identifying opportunities for greater cohesion with the offshore contractor community 
Morten Melin, Executive Vice President, Construction, Northland Power 
 
E&P Perspective: Managing the transition from oil & gas pure play to offshore energy all-rounders
 
SBM Offshore: Applying expertise in floating offshore solutions to offshore wind
Senior Representative, SBM Offshore
3:00PM From threat to opportunity: How offshore wind is turning the heads of contractors and financiers previously wedded to oil & gas
  • Is the new-found dual-functionality of some contractors and service providers a consequence of the oil price crash? Or is migration into this new market a concerted effort?
  • To what extent are banks restructuring their organisation to address the changing energy landscape?
  • How do lender attitudes towards renewables differ to those towards oil & gas?
  • Analysing the opportunity provided by offshore wind to each OFS asset class, and the costs associated with converting these assets to their new functionality
Peter de Bree, Chief Operating Officer, Seaway Heavy Lifting
3:45PM Coffee & networking break, sponsored by Société Generale
4:15PM Geographic Champagne Roundtables: Intimate discussions hosted by experts on the various offshore oil & gas regions
5:15PM Drinks Reception

Day Two: Friday, March 16, 2018

8:30AM Morning refreshments
9:10AM Chairperson’s opening remarks
9:15AM FLNG funding: Experiences of an asset class establishing itself amongst financiers
  • Deciding to pursue the FLNG solution: Comparing the economics of liquefaction at sea versus onshore alternatives
  • Comparing the structures used to finance projects so far: What’s worked, what’ hasn’t?
  • How is the financing on offer for FLNGs evolving as projects become more prevalent?
  • Anticipating the impact of global gas demand increase on the market for liquefaction vessels
Tor-Ivar Guttulsrod, Director FLNG – Global Gas Solutions, American Bureau of Shipping
Douglas Wood, Chief Financial Officer, SBM Offshore NV
10:00AM Key considerations in the financing of an LNG-to-Power project
  • Aligning the interests of stakeholders from two distinct industries, and ensuring fair and proper risk allocation between parties
  • What additional risks arise from the ‘project-on-project’ nature of LNG-to-power?
  • Analysing the respective pros and cons of ‘integrated’ versus ‘non-integrated’ financing solutions
  • Which model is currently of preference amongst sponsors and lenders?
  • Scrutinising the pipeline for LNG-to-power projects
Mark Westley, Managing Director, Head of LNG Shipping & Offshore, Societe Generale
Pierre Carassus, Director, LNG Shipping and Offshore, SGCIB
10:30AM Knocking down the barriers to decom: Innovation in processes and financing
  • Market snapshot: What levels of decommissioning have we seen in light of increasing numbers of projects reaching close of production?
  • Identifying the parties to a decommissioning, and outlining their respective liabilities
  • Assessing the current options on offer for the financing of decommissioning: Where is there room for innovation?
  • What role do government agencies currently play in decommissioning and its financing?
  • Exploring innovation in decommissioning technology
Leon Overdulve, Owner, OOS International
11:15AM Morning refreshments & networking break, sponsored by Société Generale
11:45AM HMC Heerema: Introducing green financing to the offshore installation space
  • Identifying the key parties to a green financing, and aligning objectives to achieve accreditation
  • How does debt being ‘green’ affect investor appetite for it?
  • Examining the markets for green loans and green debt
  • How does green financing reflect on HMC’s objectives as a company?
Frans den Houter, Chief Financial Officer, Heerema Marine Contractors
12:15PM Developing frameworks for improved supply chain cooperation: Defining the impact of “teaming-up” on project costs and bid success
  • How can service providers work together to enhance proposals for prospective clients?
  • Identifying the obvious places for further synergy in the offshore space
  • What are the best examples we have seen of inter-contractor integration, and how has this affected cost / efficiency down the line?
  • The E&P perspective: How can the relationship with suppliers and service providers be improved?
Martin Bell, Chief Financial Officer, Tulip Oil Holding Bv
1:00PM Networking lunch & close of conference