Tuesday, 8 September 2020 - Market Intelligence & Project Financing Day

3:00 pm - 3:05 pm FPSO NETWORK WELCOME & HOUSEKEEPING ADDRESS


3:05 pm - 3:10 pm CHAIRPERSON OPENING ADDRESS

Mr David Hartell - Managing Director, Stellae Energy

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Mr David Hartell

Managing Director
Stellae Energy

3:10 pm - 3:50 pm MARKET UPDATE: DELVING INTO E&P ACTIVITIES, FPSO OPPORTUNITIES & FIDS UPDATES IN AFRICA, SOUTH AMERICA AND ASIA

Mr Kelvin Sam - Principal Analyst, IHS Markit

This session aims to discuss the state of the FPSO nation and market trends in upcoming near future. As the FPSO market is set to grow from its current market value of just over $28 billion to $30 billion by 2025. Ongoing offshore exploration and production activities compelled by depletion of onshore oil & gas reserves are poised to transform market trends over 2019- 2025. On top of that, at least 33 FPSOs are expected to be sanctioned from 2019 to 2021 due to the pick-up in oil and gas activities in the offshore sector.


  • Analysing the current state of global oil and gas market, as well as, E&P opportunities
  • Recapping recent field developments and exploring upcoming FPSO project opportunities
  • Exploring new and upcoming projects and FID updates in Africa, South America and Asia 
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Mr Kelvin Sam

Principal Analyst
IHS Markit

  • Discussing the breakdowns of various financing solutions available in the market
  • Understanding the benefits and pitfalls of each type of financing structure
  • Identifying the most suitable avenue of financing based on geography, operational needs and timeframe
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Mr Dorian Delteil

Head of Oil & Gas
DBS Bank

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Mr Shiv Sivarajah

Head of Energy & Resources, Asia & Oceania
MUFG

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Mr Melvin Gwee

Director - Infrastructure Finance
Natixis Bank Singapore

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Mr Adolfo Dindo Abueg

Co-Head Project Finance, Asia Pacific
Korea Development Bank

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Mr Siddhartha Shrivastava

Head of Natural Resources, Investment Banking Asia
Sumitomo Mitsui Banking Corporation

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Mr Ben Rose

Partner, Singapore, Head of Shipping and Offshore, Asia
Norton Rose Fulbright

5:00 pm - 5:40 pm MARKET UPDATE: ASSESSING THE REALITY OF THE GLOBAL COVID-19 PANDEMIC & NAVIGATING ITS IMPACT ON THE FPSO MARKET

Mr Jo Friedmann - Senior Analyst, Energy Service Research, Rystad Energy

The recent surge in COVID-19 cases is stifling the once prophesised V-shaped recovery in oil demand. Over the next months, there is a risk of higher volatility as more supply is expected to hits the market and demand recovery fails to keep pace. In the current low oil price environment, operators are feeling the pressure to find tangible cost-saving opportunities to ensure that their future work remains economical. Another concern arising in front of operators is if profitability of producing fields will degrade to such an extent that prematurely shutting down ageing fields will prove to be the most rational decision.

  • How will a second wave of COVID-19 impact the FPSO market and other service markets?
  • Is there a need to reduce lease OPEX in order to regain profitability for the E&Ps?
  • How to streamline FPSO development costs in the current environment?
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Mr Jo Friedmann

Senior Analyst, Energy Service Research
Rystad Energy

5:40 pm - 5:40 pm CHAIRPERSON CLOSING REMARKS & END OF CONGRESS

Mr David Hartell - Managing Director, Stellae Energy
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Mr David Hartell

Managing Director
Stellae Energy