04 - 05 September, 2018 |
Marina Bay Sands, Singapore, Singapore

Agenda Day 1

8:30 am - 8:40 am Welcome Address by FPSO Network

8:40 am - 8:50 am Opening Remarks from Chairperson

8:50 am - 9:30 am Facts & Figures: Analysing Industry Trends in the FPSO Industry

Kelvin Sam - Principal Researcher IHS Markit
-          Reviewing the current oil price scenario and impact of FPSO orders in 2018 and beyond
-          Assessing FPSO opportunities in Brazil, West Africa and Southeast Asia and their economic and political drivers and challenges
 
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Kelvin Sam

Principal Researcher
IHS Markit

9:30 am - 10:10 am Digitalization Drives Innovation for the New Energy Landscape

Håvard Devold - Digital Lead, Group Vice President ABB Ltd.
Despite recent difficult years, the oil and gas industry is still the world’s largest industry.  As oil prices are back on the rise and OPEC and Non-OPEC companies are working together, a new paradigm is on the horizon.  A new energy future. Why? Recent headwinds have taught oil and gas companies strict cost disciplines and as they look to the future, they plan to maintain a tight hold on these lowered costs to operate.  Yet with oil prices increasing, new investments will and need to be made.

There will be significant investments in the next few years.  But where?
1.A smarter, more efficient future: Floating production units are poised to develop more efficiently with digital technologies.  Disruptive technologies like artificial intelligence, augmented reality, drones, connected wearables, and block chain, Crypto currency will also play a role in investments made and how this newly digital industry will look in 20 years.  These solutions are required to enable development of new marginal fields and satellite tie-ins and reduce operating costs on maturing installations.

2.A cleaner future: Oil and gas companies are beginning to look deeper at current business models in the changing energy landscape.  At the same time, governments have issued mandates and policies around building a more energy diverse future in order to sustain a better future for everyone – emission reductions, renewable integration, etc. We’ve seen international oil companies already start making moves towards a more balanced energy portfolio. No one is denying, the future will look different, so how do we prepare?  How will portfolios shift?  Enter new energy domains to be relevant for the future? Can there be a future where gas and renewables work together? How will this impact floating LNG?

How could these types of investments impact current business models? We intend to provide examples from recent and ongoing projects on how operators are using or can use these technologies to reduce costs, improve efficiency while maintaining safety and license to operate.

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Håvard Devold

Digital Lead, Group Vice President
ABB Ltd.

This 35 minutes panel discussion will see decision-makers from oil companies and FPSO contractors discuss the operational benefits that came about from the various cost-cutting measures put in place during the past few years and how to sustain these advantages as the market turns the tide. Discussion will focus on:

 Understanding some of the business decisions implemented over the past few years
 Discussing whether some of the implemented measures are sustainable
 Exploring ways to adapt and sustain some of the benefits as the market picks up
 Understanding some of the talent management and OPEX challenges facing the FPSO industry
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Jeffrey Sim

Chief Operating Officer
Rubicon Offshore

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Eirik Barclay

CEO
Yinson Production

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Richard Ella

Group Technology Director
SBM Offshore

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Uzoma Correia

FPSO Contracts Leader
Total

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Kevin Bourgeois

VP, Brownfield Projects
Kosmos Energy

10:45 am - 11:00 am Thought Leadership Presentation by Kongsberg

11:00 am - 11:20 am Speed Networking

This focused 20-minute activity will allow you to connect with other FPSO professionals in a brief, personal and structured format. Use this opportunity to make new contacts, exchange business cards and plan further conversations throughout the next 2 days of the FPSO World Congress 2018 to maximise your networking opportunities, and have some fun while at it!

11:20 am - 12:00 pm Morning Tea & Networking Break


Roundtable Stream A: Driving Industry and Stakeholders’ Profitability in a Recovering Market

12:00 pm - 1:30 pm ROUNDTABLE A Future Planning: What should the Industry Invest in a Recovering Market
Kristen Lau - Business Development Manager Alstern Technologies Singapore
As the market continues its recovery, the question remains on what the industry should invest in. While some have preferred to invest in big-ticket items such as a new hull design or technology, others have preferred to invest in asset maintenance to ensure their existing fleet is in tip-top working condition. In this round-table, delegates will:
 
-           Identify capability gaps in existing FPSO operations, maintenance and project execution strategies
-           Knowing when to invest in OPEX
-           Discuss areas of future investment for the industry and the impact on OPEX and ROI
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Kristen Lau

Business Development Manager
Alstern Technologies Singapore

Roundtable Stream A: Driving Industry and Stakeholders’ Profitability in a Recovering Market

12:00 pm - 1:30 pm ROUNDTABLE D Ensuring Reductions in Production Costs Remain Sustainable in an Upturn
Alastair MacLean - Engineering Director Rubicon Offshore
Over the past few years, many cost-reductions have been made by oil companies and FPSO contractors as they ride out the storm. Some of these cost-saving measures have helped companies become lean and nimble but as the market resumes its upwards trajectory, how can companies ensure that they can scale up effectively while remaining sustainable? In this round-table, delegates will:
 
-           Discuss effective ways to adapt to an upturn market
-           Formulate strategies to preserve the cost-savings obtained during the downturn
-           Explore potential capability gaps that could arise when the market recovers
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Alastair MacLean

Engineering Director
Rubicon Offshore

Roundtable Stream A: Driving Industry and Stakeholders’ Profitability in a Recovering Market

12:00 pm - 1:30 pm ROUNDTABLE G FPSO Future Workforce: Remain Lean or Grow Big Again?
The lack of projects over the past few years has caused the industry to reduce headcount in order to reduce OPEX. However, as the industry recovers and projects expected to be awarded again, companies need to decide whether to remain lean and integrate new technologies into their operations going forward, or look to employ professionals again. In this round-table, delegates will:
 
-           Discuss the current manpower situation for the FPSO industry and determine specific areas with shortage of skilled professionals
-           Explore the advantages of remaining nimble and lean
-           Take a closer look at automation and other forms or technologies that will help bridge any shortage of skilled manpower

Roundtable Stream A: Driving Industry and Stakeholders’ Profitability in a Recovering Market

12:00 pm - 1:30 pm ROUNDTABLE J Determining the Organisational and Culture Change Needed to Support Digital Transformation for FPSOs
Michael Duddy - Vice-President, Fleet Asset Integrity Bumi Armada
The FPSO industry is well-known for being slow to adopt digital solutions even though it could save millions in costs and help streamline operations. Are the available solutions not relevant enough to justify the investment or is it due to a deep-seated reason such as top-down organisational culture? In this round-table, delegates will:
 
-           Explore reasons why the FPSO industry is slow to adopt cost-savings digital solutions
-           Discuss whether a shift in organisational culture is needed to change a company’s mindset to adopt digital solutions
-           Look at some of the culture change that a company can adopt in order to speed up adoption of digital solutions
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Michael Duddy

Vice-President, Fleet Asset Integrity
Bumi Armada

Roundtable Stream A: Driving Industry and Stakeholders’ Profitability in a Recovering Market

12:00 pm - 1:30 pm ROUNDTABLE M Industry Health-Check: Is the FPSO Industry Truly Ready for Market Recovery?
Vijay Krishnan - Head of Asia-Pacific Rystad Energy
There is no doubt that the market is recovering. However, the big question remains whether the industry is truly ready for the upturn. Are FPSO contractors ready to take on projects again and are the rest of the supply-chain prepared in terms of manpower, components and processes? In this round-table, delegates will:
 
-           Take a closer look at the current market dynamics
-           Discuss what the industry has done to prepare for market recovery and how to remain sustainable going forward
-           Explore ways to help the industry get back on-track quickly and effectively
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Vijay Krishnan

Head of Asia-Pacific
Rystad Energy

Roundtable Stream A: Driving Industry and Stakeholders’ Profitability in a Recovering Market

12:00 pm - 1:30 pm ROUNDTABLE P Stakeholder Relationship Management: Realistic Strategies to Cultivate Relationship between Oil Companies & FPSO Contractors
Jeffrey Sim - Chief Operating Officer Rubicon Offshore
Much has been said about collaboration and cooperation being key to the success of the FPSO industry. As the market recovers, how do the various stakeholders form meaningful collaboration and what does it mean for the entire supply chain? In this round-table, delegates will:
 
-           Explore ways that oil companies and FPSO contractors can set out their expectations early in the project timeline
-           Determine effective collaboration strategies will add value to an entire project and drive down costs while increasing productivity
-           Evaluate whether an integrated team approach can work in practice
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Jeffrey Sim

Chief Operating Officer
Rubicon Offshore

Roundtable Stream B: Enabling Project Success by Streamlining Commercial Strategies

12:00 pm - 1:30 pm ROUNDTABLE B Developing Bankable Projects that will be Attractive to Financiers
Project owners often lament the difficulty of obtaining financing for their FPSO projects. Some have turned to alternative financing but the main determinant on whether financers will consider financing a project seems to be its “bankability”. In this round-table, delegates will:
 
-           Discuss and understanding the term “bankability" and what it means to project owners and financiers
-           Identify the challenges in preparing bankable project proposals
-           Explore ways financiers and project owners can work together to ensure a “win-win” situation

Roundtable Stream B: Enabling Project Success by Streamlining Commercial Strategies

12:00 pm - 1:30 pm ROUNDTABLE E FPSO Pre-FEED: Strategies to Reduce Upfront Investments in FPSOs
Andy Crouch - CEO Alpha Petroleum
Getting the pre-FEED phase of a project right is crucial and plays a big part in reducing its overall costs. It could also help in reducing upfront investments, which is crucial for FPSO contractors and oil companies in the current risk-adverse environment. In this round-table, delegates will:
 
-           Identify the various pre-FEED processes that companies should focus on getting right
-           Analyse the potential impact on pre-FEED processes on upfront investments and overall project execution costs
-           Explore ways oil companies and FPSO contractors can work together from the start to develop a proper FEED strategy
-           Break down critical elements and milestones within a robust FEED and ensure these requirements are met by the agreed deadline
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Andy Crouch

CEO
Alpha Petroleum

Roundtable Stream B: Enabling Project Success by Streamlining Commercial Strategies

12:00 pm - 1:30 pm ROUNDTABLE H FPSO Contracts: How Viable are 25-Year Contracts in Today’s Market Environment
Uzoma Correia - FPSO Contracts Leader Total
During the hey-day of $100+/bbl oil prices, 25-year FPSO contracts were a norm. It gives certainty to FPSO contractors and suppliers and provides a much-needed safety net to plan for future projects. However, with the market landscape changing drastically over the last few years, the industry needs to remain nimble and able to react to constantly changing market environment. In this round-table, delegates will:
 
-           Explore the viability of 25-year contracts in today’s oil price context
-           Discuss the pros and cons of shorter FPSO contracts and what it means to project execution, costs  and business strategy
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Uzoma Correia

FPSO Contracts Leader
Total

Roundtable Stream B: Enabling Project Success by Streamlining Commercial Strategies

12:00 pm - 1:30 pm ROUNDTABLE K Achieving OPEX Cost Savings Through Proactive HSSE Initiatives
Sandra Antonovic - Chief Operating Officer Reflex Marine
Good safety can be good business for FPSO contractors. It helps to reduce OPEX, increase a contractor’s reputation as an employer-of-choice, and increases the productivity of an existing FPSO. In this round-table, delegates will:
 
-           Discuss the importance of an inclusive and proactive Health, Safety, Security and Environmental (HSSE) policy
-           Explore ways of integrating HSSE policies with existing asset management and crew management policies to increase fleet productivity while reducing accidents
-           Discuss the impact of effective HSSE policies on OPEX and ROI
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Sandra Antonovic

Chief Operating Officer
Reflex Marine

Roundtable Stream B: Enabling Project Success by Streamlining Commercial Strategies

12:00 pm - 1:30 pm ROUNDTABLE N Redesigning & Streamlining the FPSO Supply Chain to Optimise Construction and OPEX Costs
With several FPSO projects being lined up within the next 1-2 years, can the existing FPSO supply chain meet future project requirements or should there be wholesale changes needed?
 
In this round-table, delegates will:
 
-           Look at the existing supply chain processes and identify process gaps
-           Explore possible steps to streamline and redesign the FPSO supply chain in order to meet future project requirements
-           Discuss the benefits of vertical integration and its effectiveness is optimising FPSO construction reducing OPEX

Roundtable Stream B: Enabling Project Success by Streamlining Commercial Strategies

12:00 pm - 1:30 pm ROUNDTABLE Q FPSO Leasing Versus Ownership: Decision Factors, Contracting Strategies and Future Trends
Joseph Dankwah - Contracts and Procurement Lead - Projects & Engineering Tullow Ghana
An important decision to be made when developing oil fields is to decide whether to own or lease an FPSO. Both have their own pros and cons and a decision could be made on several factors such as field size, field economics, local content requirements and project authority. In this round-table, delegates will:
 
-           Discuss the possible motivations behind a company’s decision to lease or own an FPSO
-           Examine the balance sheet exposure of leasing vs owning an FPSO
-           Formulate a transparent and cost-effective FPSO leasing strategy
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Joseph Dankwah

Contracts and Procurement Lead - Projects & Engineering
Tullow Ghana

Roundtable Stream C: Applying Practical Solutions to Enhance FPSO Execution and Operations

12:00 pm - 1:30 pm ROUNDTABLE C Digital Solutions, Machine Learning And AI For FPSO: Is Too Much Sometimes A Bad Thing?
Even though the FPSO industry is expected to embrace more forms of digital solutions into all aspects of project execution, maintenance and operations, there are concerns that an over-reliance on these solutions is a disaster-in-waiting. In this round-table, delegates will:
 
-           Analyse the best use of digital solutions, machine learning and AI for FPSOs
-           Discuss the pros and cons of the over-reliance on digital solutions on asset integrity and project execution
-           Identify any operational issues that might arise from the use of digital solutions for an FPSO and its impact on OPEX

Roundtable Stream C: Applying Practical Solutions to Enhance FPSO Execution and Operations

12:00 pm - 1:30 pm ROUNDTABLE F Streamlining Budget, Planning Execution Strategies to Ensure Projects are On-Time and within Budget
Antoine Drouin - Yombo FPSO Project Manager Perenco
Every stakeholder will want a project to be completed on time and within budget. However, many hurdles exist which adds to the overall costs of a project and extra time needed to execute them. In this round-table, delegates will:
 
-           Identify key hurdles that prevents the streamlining of project budget
-           Discuss the necessary steps needed to formulate an on-time and on-budget project execution strategy
-           Explore ways to improve work-flow and communication between all stakeholders
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Antoine Drouin

Yombo FPSO Project Manager
Perenco

Roundtable Stream C: Applying Practical Solutions to Enhance FPSO Execution and Operations

12:00 pm - 1:30 pm ROUNDTABLE I Next-Generation FPSOs: What New Technologies Should be Included
The current market environment presents a very opportune time for FPSO contractors and oil companies to go back to the drawing board to plan and design the next generation of FPSOs that are more efficient and productive, and have lower OPEX and CAPEX. In this round-table, delegates will:
 
-           Identify shortcomings of current-generation FPSOs
-           Explore new concepts of building future FPSOs
-           Discuss the pros and cons of process and module standardization and its impact on project execution timeline and costs
-           Examine the various standards for FPSOs construction and design

Roundtable Stream C: Applying Practical Solutions to Enhance FPSO Execution and Operations

12:00 pm - 1:30 pm ROUNDTABLE L Preparing Existing FPSOs for Redeployment in a New Field
Rather than scrapping an aged FPSO, some contractors are refurbishing them for redeployment into new fields. However, it is not as easy as it may appear and could require extensive modifications ranging from relatively minor refurbishment to extensive modification or replacement of the topsides and mooring systems. In this roundtable, delegates will:
 
-           Identify the advantages of redeploying existing FPSOs instead of using new-builds
-           Discuss the difficulties faced when refurbishing an existing FPSOs for redeployment in a new field
-           Share how an FPSO is determined to be suitable for redeployment
-           Examine the “hidden costs” of redeployment

Roundtable Stream C: Applying Practical Solutions to Enhance FPSO Execution and Operations

12:00 pm - 1:30 pm ROUNDTABLE O Exploring Strategies to Streamline Existing FPSO Fleet Operations
Flemming Grønnegaard - Chief Operations Officer Yinson Production
One of the key strategies to reduce OPEX costs and increase productivity is to streamline the operations of an existing fleet of FPSOs. This could be done via numerous means, including the implementation of standardised processes, integrating digital solutions into operational processes, etc. In this round-table, delegates will:
 
-           Look at the various practical, effective and tried-and-tested solutions that FPSO contractors can implement to streamline FPSO fleet operations
-           Explore and discuss the pros and cons of new digital technologies in helping streamline FPSO operations
-           Examine the costs required to implement a strategy to streamline FPSO operations without disrupting production
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Flemming Grønnegaard

Chief Operations Officer
Yinson Production

Roundtable Stream C: Applying Practical Solutions to Enhance FPSO Execution and Operations

12:00 pm - 1:30 pm ROUNDTABLE R FPSO Construction: Navigating Local Content Requirements to Cut Costs & Increase Efficiency
Kevin Bourgeois - VP, Brownfield Projects Kosmos Energy
Meeting local content requirements is imperative to ensure project wins and executions in certain regions. However, it could add to CAPEX and reduce efficiency if more investment is needed to train and improve the competency of locals to meet the requirements of a project. In this round-table, delegates will:
 
-           Discuss the pros and cons of local content requirements for FPSO project executions
-           Explore ways to navigate local content requirements and increase productivity and operating efficiency
-           Determine the increased investment needed to train and upgrade the skills of the local workforce
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Kevin Bourgeois

VP, Brownfield Projects
Kosmos Energy

1:30 pm - 2:30 pm Lunch & Networking Break


STREAM A FPSO Financing, Contracting & Pre-Feed Preparations

2:30 pm - 3:00 pm Promoting Greater Collaboration to Prevent Unforeseen Downtime and Maximise Uptime
This session explores how oil companies and FPSO contractors can get early alignment, ideally before contract award, to work together in a collaborative manner to achieve common objectives without impact to cost and schedule.
 
-           How Oil companies and FPSO contractors should set out their expectation in the contract
-           Explore best & worst practices on previous FPSO projects
-           Assess the advantages or impact of leaving the project phase at Operations Handover with a Strong or Toxic Relationship.
-           Evaluate if an “Integrated Team” approach can work in practice.
-           Discuss the importance of working together early to ensure a solid FEED phase

STREAM A FPSO Financing, Contracting & Pre-Feed Preparations

3:00 pm - 3:30 pm Achieving Cost Reductions Through A Supplier-Led Supply Chain Solution
Filipe Costa - Project Manager YINSON PRODUCTION
-           Examining the various collaboration opportunities across the entire FPSO supply chain to achieve significant cost-savings
-           Identify internal opportunities that could justify a requirements-based approach instead of basing on detailed specifications
-           Tapping on key suppliers’ design expertise to meet specific functional requirements instead of forcing a top-down approach
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Filipe Costa

Project Manager
YINSON PRODUCTION

STREAM B FPSO Engineering & Design

2:30 pm - 3:00 pm Driving FPSO Efficiency, Productivity and Profitability through Effective Produced Water Management
Paul McAlister - Director Global Produced Water & FPSO Development CETCO ENERGY SERVICES, (CETCO)
 Getting It Right First Time
 Assessing existing Produced Water performance
 Remediation and troubleshooting of Produced Water processing challenges
 Open dialogue, regarding the pros and cons of permanent and temporary process equipment; from the operational and CAPEX/OPEX financial perspectives

Paul McAlister

Director Global Produced Water & FPSO Development
CETCO ENERGY SERVICES, (CETCO)

STREAM B FPSO Engineering & Design

3:00 pm - 3:30 pm Panel Discussion: Accelerating Project Construction through New Engineering & Design Technologies
Ankit Garg - Project Manager Madura Husky and Vice President Oil and Gas Shapoorji Pallonji Oil & Gas
-           Examining available technology that can be implemented to future FPSO design and engineering
-           Understanding why adoption of new technology is crucial for future FPSO construction
-           Estimating the cost of investing in new technologies and its impact on manpower
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Ankit Garg

Project Manager Madura Husky and Vice President Oil and Gas
Shapoorji Pallonji Oil & Gas

3:30 pm - 4:00 pm Afternoon Tea & Networking Break


4:00 pm - 4:30 pm Examining the Impact of Increased Infill Drilling on New FPSO Demand & Operations

Ir. Dr. Adrian Tan - Engineering Manager Hibiscus Petroleum
-           Understanding the concept of infill drilling and why it is preferred by oil operators to increase and accelerate production at existing oil fields
-           Analysing the impact and length of an FPSO deployment in a field due to increased infill drilling
-           Discussing how infill drilling to increase oil recovery, FPSO productivity and reduce CAPEX and OPEX 
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Ir. Dr. Adrian Tan

Engineering Manager
Hibiscus Petroleum

4:00 pm - 4:30 pm FPSO Financing Presentation by KfW


4:00 pm - 4:30 pm Update on SBM’s F4W Program and How it Can Significantly Reduce Design Costs and Speed Up Rollout

Richard Ella - Group Technology Director SBM Offshore
-           Discussing the benefits of standardization of critical FPSO processes in pre-FEED
-           Identifying suitable FPSO processes that should be standardised
-           Exploring the most cost-effective and efficient methods of streamlining FPSO processes without incurring significant costs and downtime
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Richard Ella

Group Technology Director
SBM Offshore

4:00 pm - 4:30 pm Why High Performance Mooring Systems Matter: Impact on Productivity, OPEX and Vessel Life

-           Analysing the importance of high performance mooring systems on FPSO productivity
-           Determining the suitability of the various mooring systems for deep-water and shallow-water fields
-           Discussing the pros and cons of a standardized vs a fit-for purpose mooring system on efficiency, productivity, maintenance and vessel life

5:00 pm - 5:10 pm Intermission


5:10 pm - 5:40 pm Day 1 Closing Keynote: Growing Confidence, Increasing Productivity and Driving Profitability

Jeffrey Sim - Chief Operating Officer Rubicon Offshore
The market has finally turned its tide. More than 10 FPSO projects were awarded in 2017. Now the question is how to keep the momentum going. What can the industry do to increase productivity and boost profitability? This session will analyse the performance of the FPSO industry in 2017 and examine some of the trials and opportunities that lay ahead in 2018.
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Jeffrey Sim

Chief Operating Officer
Rubicon Offshore

5:40 pm - 5:50 pm Chairman’s Closing Summary and End of Congress Day One


5:50 pm - 8:20 pm Cocktail Reception Hosted by Dunlop Oil & Marine

All delegates are invited to join us for the annual FPSO World Congress Cocktail Reception proudly hosted by Dunlop Oil & Marine. 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.