19 - 20 February, 2020
London

Agenda Day 1 - 19 February 2019

8:00 am - 9:00 am Morning Refreshment and Registration

9:00 am - 9:10 am Opening Remarks from Chairperson

David Hartell - Senior Development Manager, Premier Oil
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David Hartell

Senior Development Manager
Premier Oil

9:10 am - 9:40 am Capitalising on Oil Price Stability – A Realistic Evaluation of Oil Markets in 2019

Audun Martinsen - VP Oilfield Service Research, Rystad Energy
  • Analysing the oil market in 2019 and embracing the upswing in exploration and production
  • Understanding what current oil price stability means for offshore projects
  • Can the offshore market remain competitive for capital investment with the current price structure?

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Audun Martinsen

VP Oilfield Service Research
Rystad Energy

9:40 am - 10:30 am Industry Power Panel Developing Effective Strategies to Maximise Oil Field Capacity and Potential

Richard Ella - Group Technology Director, SBM Offshore
Chris Brett - President, Teekay Offshore
Elohor Aiboni - Bonga Asset Operations Manager, Shell
  • Getting more with less – Unlocking further value out of projects, people and processes
  • Re-visiting CAPEX and OPEX reduction initiatives for FPSO projects
  • Harnessing digital technology and innovative solutions – Do you dare take the first step? 
  • Exploring tangible cost-reduction initiatives that oil companies, FPSO contractors and solution providers have successfully implemented
  • Managing and leading change in challenging times – Retaining talent in the oil and gas industry
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Richard Ella

Group Technology Director
SBM Offshore

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Chris Brett

President
Teekay Offshore

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Elohor Aiboni

Bonga Asset Operations Manager
Shell

10:30 am - 11:00 am Digital Compliance: A framework for certifying digital twins used for health management

Joseph Morelos - Strategic Market Manager, Technology Innovation, Lloyd’s Register
Lloyd’s Register (LR) has developed Digital Compliance to promote the safe and responsible adoption of Digital Health Management (DHM) technology in the offshore industry.  Central to the Digital Compliance framework are verification and validation processes that demonstrate the capability of each digital twin through-life. LR is using Digital Compliance to certify DHM systems that work to understand the health of the assets over time, building confidence in different analytical techniques and digital systems to the level we currently place in trained and experienced operators, engineers and surveyors today.
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Joseph Morelos

Strategic Market Manager, Technology Innovation
Lloyd’s Register

10:55 am - 11:20 am Speed Networking Session

11:20 am - 11:50 am Morning Break

Plenary Roundtable Discussion (3 rotations @ 40 minutes each)
Structured to maximise interaction with in-depth focus on different issues, participants will have the opportunity to participate in 3 topics, each led by an expert for a 40-minutes discussion. This provides a unique platform for you to deep-dive into the opportunity, challenges and experiences most important to your FPSO project.

Maximising Production Output and Driving Profitability

Project Execution

11:50 am - 1:50 pm Roundtable B | Developing Bankable Projects that will be Attractive to Financiers
Thomas Bobrie - Vice President – LNG Shipping & Offshore Finance, Société Générale

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Thomas Bobrie

Vice President – LNG Shipping & Offshore Finance
Société Générale

Project Execution

11:50 am - 1:50 pm Roundtable E | Developing Strategies for Successful Construction or Conversion Projects
Jeremy Farr - Partner, K&L Gates

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Jeremy Farr

Partner
K&L Gates

Project Operations

11:50 am - 1:50 pm Roundtable C | Streamlining the FPSO Supply Chain to Accommodate the Uptake in FPSO Projects
Michael Skyum - Head of Supply Chain and Procurement, BW Offshore

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Michael Skyum

Head of Supply Chain and Procurement
BW Offshore

Project Operations

11:50 am - 1:50 pm Roundtable F | Embracing Digitalisation and Technology for Improved FPSO Project Lifecycle Costs
Kate Parker - Senior Consultant, Premier Oil

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Kate Parker

Senior Consultant
Premier Oil

1:50 pm - 2:50 pm Networking Lunch

Stream A: Commercial Models & FPSO Construction

2:50 pm - 3:20 pm Revisiting Commercial Models, Risk Sharing, Funding and Contractor Roles in FPSO Projects
Sandra Antonovic - Chief Operating Officer, Reflex Marine
  • Evaluating the optimal utilisation of contractor capabilities and production service 
  • Developing different risk sharing mechanisms between project stakeholders 
  • Assessing  case studies of how project stakeholders have leveraged on different risk sharing models for successful project execution
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Sandra Antonovic

Chief Operating Officer
Reflex Marine

Stream A: Commercial Models & FPSO Construction

3:20 pm - 3:50 pm Experiences of FPSO Construction/Conversion Disputes: Learning the Lessons to Protect Budgets
Jeremy Farr - Partner, K&L Gates
  • Setting up contracts the right way
  • Managing the change order process
  • Exploring techniques for resolving disputes
  • Understanding how to deal with delay and disruption claims
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Jeremy Farr

Partner
K&L Gates

Stream B | Compensation Mechanisms & OPEX Reduction

2:50 pm - 3:20 pm FPSO Charter Contract Duration, Compensation Mechanisms and Their Effects on Project Viability
Oskari Jaakkola - Vice President, Business Development and Sales, Africa, Europe & South America, Bumi Armada
  • Reviewing the effect of FPSO charter term in overall contract value
  • Exploring FPSO contract compensation mechanisms and their effect on project bankability
  • Discussing key considerations in defining FPSO charter term and compensation mechanisms
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Oskari Jaakkola

Vice President, Business Development and Sales, Africa, Europe & South America
Bumi Armada

Stream B | Compensation Mechanisms & OPEX Reduction

3:20 pm - 3:50 pm Determining the Optimal Balance between CAPEX and OPEX for Equipment of FPSO Projects: The Case Study of Seawater Intake Systems
Fabrizio Pagnanelli - Head of Engineering, Eddelbüttel + Schneider GmbH - part of Continental AG
  • Analysing the major operational cost drivers of seawater intake systems and their relation to the equipment specifications
  • Reviewing a selection of R&D projects which are aimed at reducing operational costs of the equipment
  • Evaluating the impact of the selection of technical requirements on operational costs and the importance of strong collaboration among FPSO project stakeholders in the initial project phases
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Fabrizio Pagnanelli

Head of Engineering
Eddelbüttel + Schneider GmbH - part of Continental AG

3:50 pm - 4:20 pm Afternoon Break

4:20 pm - 4:50 pm Designing a Bankable Project – Key Steps, Top Tips and How To

Ian Cogswell - Director, Cogswell Consulting Ltd
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Ian Cogswell

Director
Cogswell Consulting Ltd

  • Evaluating the investment appetite for FPSO and field development projects in the current oil market 
  • Determining the bankability of projects – Looking beyond just the FPSO and assessing field economics as a whole to obtain financing 
  • Analysing current and emerging innovative schemes, and alternative funding models – Are we approaching financing the right way? Which models are most conducive? 
  • Mitigating potential risks involved in FPSO and field development project finance
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Ian Cogswell

Director
Cogswell Consulting Ltd

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Christian Synetos

Vice President
Blackrock Global Energy & Power Group

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Pierre Carassus

Director, LNG Shipping and Offshore
Societe Generale

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Tony Hodgkins

Director
Aegir AS

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Simon Davies

Executive Director, Natural Resources Project Finance
MUFG Bank

5:30 pm - 5:30 pm Chairman’s Closing Summary

David Hartell - Senior Development Manager, Premier Oil
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David Hartell

Senior Development Manager
Premier Oil

5:30 pm - 7:30 pm Cocktail Reception hosted by Teekay Offshore

All delegates are invited to join us for the annual FPSO Europe Congress Cocktail Reception proudly hosted by Teekay Offshore. After a long day of networking and intensive discussions, kick back, relax and enjoy a beverage while you network with your peers in a relaxed and sociable environment.