Day One- 26 September 2017

8:50 AM - 9:00 AM Opening Address by Congress Chairman

Duncan Peace, Managing Director, CRONDALL ENERGY

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Duncan Peace

Managing Director
CRONDALL ENERGY

9:00 AM - 9:45 AM Opening Keynote: State of the FPSO Nation - Teekay's View

Chris Brett, President, Teekay Offshore
This session will provide an analysis of the current state of the FPSO Market and wider oil and gas industry, assessing the offshore E&P climate as well as examining data on upcoming field developments and the potential application of FPSOs therein. It will also examine the various potential trials and opportunities for the FPSO market ahead to help formulate a sustainable business plan for 2017 and beyond.

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Chris Brett

President
Teekay Offshore

9:45 AM - 10:15 AM How Digital Solutions are Driving The FPSO Industry To The Next Level

Håvard Devold, Group Vice-President, Digital Oil, Gas and Chemicals, ABB
The current low oil and gas prices mean oil companies and FPSO contractors need to be more efficient and develop smarter approaches and solutions. Through the use of digital solutions, productivity can be increased and over-spending can be curbed, leading to increased efficiency. This session look at the various intelligent cloud platforms, data management systems, computation and industrial automation available in the market and how these systems can be integrated into improving FPSO operations and maintenance.

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Håvard Devold

Group Vice-President, Digital Oil, Gas and Chemicals
ABB

10:15 AM - 10:30 AM Speed Networking

With the global FPSO community gathered in one place, the sea of faces may seem daunting. This focused, 15-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 to maximise your networking opportunities, and have some fun while at it!

10:30 AM - 11:00 AM Morning Tea Break

11:00 AM - 11:30 AM Finding Value In Collaboration And Cooperation Across The Entire FPSO Value Chain

Dr Olu Baptist, Director of Sales and Services, Heatric
Much has been said about collaboration and cooperation being key to the success of the FPSO industry. But as the market prepares for recovery, how do industry players form meaning collaboration and what does it mean for the entire supply chain? This session looks at the various ways the FPSO industry can increase collaboration and cooperation in order to add value to an entire project and how it will help to drive down costs and increase productivity.

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Dr Olu Baptist

Director of Sales and Services
Heatric
  • What operational processes were done correctly during the current downtime and what was some of the lessons learnt?
  • What challenges still exist for FPSO industry and practical steps that could be taken to solve them
  • What can FPSO contractors do to retain and attract top talent and those that have left the industry over the past few years?
  • Can new digital solutions really help the FPSO industry improve productivity and cut operational costs?

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Duncan Peace

Managing Director
CRONDALL ENERGY
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Michael Wyllie

Group Technology Director
SBM Offshore
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Chris Brett

President
Teekay Offshore
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Eirik Barclay

CEO
Yinson Production
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Jeffrey A Sim

Chief Operating Officer
Rubicon Offshore
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Puneet Sharma

Vice President
MODEC
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Uzoma Correia

FPSO Contracts Leader
Total
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David Hartell

Senior Development Manager
Premier Oil
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Kevin Bourgeois

VP, Brownfield Projects
Kosmos Energy

12:30 PM - 1:00 PM Getting The FPSO Industry “Future-Ready” - How Well-Prepared Is The FPSO Industry To Deal With The Upcoming Recovery?

Hassan Basma, CEO, HBA Offshore
Now that the FPSO industry is experiencing a slow-down, it presents a good opportunity for everyone involved to analyse of some of the decisions made over the past few years and ask if such operating models will still be relevant as the market prepare for recovery. This session will ask hard-hitting questions about existing FPSO operating models and whether they will remain relevant in an increasingly digital world, and what steps, strategies and remedies can be applied to ensure that the FPSO industry is “Future-Ready” and gets back up stronger than ever.

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Hassan Basma

CEO
HBA Offshore

1:00 PM - 2:00 PM Lunch and Visit to the FPSO Technology Hall

2:00 PM - 2:00 PM Stream A – Financing & Contracting Solutions

2:00 PM - 2:10 PM Stream Chairman’s Opening Remarks

Duncan Peace, Managing Director, CRONDALL ENERGY

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Duncan Peace

Managing Director
CRONDALL ENERGY

2:10 PM - 3:00 PM FPSO Financing for 2017 and Beyond: The Outlook from a Financier’s Perspective

Siddharta Shrivastava, Head of Energy & Natural Resources, Sumitomo Mitsui Banking Corp
  • How has the current oil price impacted FPSO financing for both operators and contractors?
  • Assessing the state of the FPSO market in 2015 and beyond: Industry restructuring and reshuffling?
  • Understanding the biggest risks in FPSO financing from a bank’s perspective: counter-party risks
  • Reviewing the future for project finance for the next three years

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Siddharta Shrivastava

Head of Energy & Natural Resources
Sumitomo Mitsui Banking Corp

3:00 PM - 4:00 PM (Working Group) Financing FPSOs: Structuring hybrid asset and project finance deals

Harm Hauke Ross, Vice President, Origination and Structuring Maritime Industries, KfW IPEX-Bank GmbH
  • Financing increasingly expensive FPSO projects
  • Balancing reduced construction costs with increased construction risk
  • Mitigating risk to minimise costs in ever more ambitious environments

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Harm Hauke Ross

Vice President, Origination and Structuring Maritime Industries
KfW IPEX-Bank GmbH

2:00 PM - 2:00 PM Stream B – Project Execution & Technical Innovation

Don Raith, FPSO Deliver Manager, Premier Oil

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Don Raith

FPSO Deliver Manager
Premier Oil

2:00 PM - 2:10 PM Stream Chairman’s Opening Remarks

2:10 PM - 2:40 PM (Working Group) Effective Digital Solutions For The FPSO Industry

This working group will focus on the possibility of implementing innovative digital solutions for the FPSO industry and their advantages in helping oil companies and vessel contractors design, operate and maintain their vessels more efficiently. Delegates will participate in various “scenarios” and discuss the type of digital solutions that can be used to solve that “problem”, including its advantages and disadvantages. 

2:40 PM - 3:00 PM Understanding An Operator’s Perspective To Successfully Execute A Brownfield Project

Kevin Bourgeois, VP, Brownfield Projects, Kosmos Energy
What goes on when an operator decides to execute a project? What is the difference in operational, technical and cost requirements between greenfield and brownfield projects? This session will take a look at the various decisions and criteria to successfully execute a brownfield project from an operator’s perspective in order to help with operational planning, cost estimation and technical requirements.

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Kevin Bourgeois

VP, Brownfield Projects
Kosmos Energy

3:00 PM - 3:20 PM Analysing the Impact of Big Data on Dynamic Reservoir Modelling & Impact on FPSO Production

Phil Moses, Purification Solutions, Schlumberger
  • Understanding the traditional model for reservoir modelling and its limitations
  • Leveraging on new technology such as Big Data to provide better information to help in decision-making for FPSO
  • Justifying the need for investment in new innovative digital solutions and why the FPSO industry should embrace these solutions whole-heartedly 
  • Utilizing insights from reservoir data and aligning it with FPSO requirements

Phil Moses

Purification Solutions
Schlumberger

3:20 PM - 4:00 PM (Working Group) FPSO Execution Models – Putting Together A Cost-Effective Project In The Current $50-60/Bbl Market Environment

Jeffrey A Sim, Chief Operating Officer, Rubicon Offshore
  • Examining the difference in approach when executing an FPSO project during the current market environment vs when oil prices were at $100/bbl
  • Important considerations when formulating a FPSO project stategy in these market conditions
  • Examining some possible cost-effective project execution models, including more partnerships and transparency between oil companies and FPSO contractors

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Jeffrey A Sim

Chief Operating Officer
Rubicon Offshore

2:00 PM - 2:00 PM Stream C – Digital Solutions for FPSOs

2:00 PM - 2:10 PM Stream Chairman’s Opening Remarks

David Hartell, Senior Development Manager, Premier Oil

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David Hartell

Senior Development Manager
Premier Oil

2:10 PM - 3:00 PM Reducing Costs And Improving Efficiency Through Adoption Of Digital FPSO Solutions

Edmund Henry, Product Manager Digitalisation, Dresser-Rand, A Siemens Business
  • Identifying the drivers of digital solutions for FPSOs and determining the current level of adoption
  • Examining the various possible implementation of Digital Solutions available for the FPSO industry
  • Studying the impact of digital FPSO solutions on CAPEX and OPEX and how it can help prepare for market recovery

Edmund Henry

Product Manager Digitalisation
Dresser-Rand, A Siemens Business

3:00 PM - 3:20 PM Increasing safety and reducing costs in FPSO crew and cargo transfer

Sandra Antonovic, Chief Operating Officer, Reflex Marine
Safety in crew and cargo transfer is paramount for any FPSO operation. This session will focus on incorporating technology, data analytics and technical innovation into developing cost-efficient and cutting-edge solutions for the FPSO crew and cargo transfer.

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Sandra Antonovic

Chief Operating Officer
Reflex Marine

3:20 PM - 4:00 PM Getting FEED Correct From the Start to Ensure a Properly Developed Execution Strategy

Per Skiftesvik, Sales Manager, OneSubsea (A Cameron and Schlumberger Company)
  • Understanding how oil companies and FPSO contractors can work together from the start to develop a proper FEED strategy
  • Analysing the impact of a good FEED process on reducing project delays and high cost over-runs
  • Breaking down critical elements and milestones within a robust FEED and ensuring these requirements are met by the agreed deadline

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Per Skiftesvik

Sales Manager
OneSubsea (A Cameron and Schlumberger Company)

4:00 PM - 4:30 PM Afternoon Tea Break and Networking

4:30 PM - 4:50 PM Addressing Financing & Legal Issues Surrounding Vessel Charter Contracts from a Lender’s Perspective

Puneet Sharma, Vice President, MODEC
This session will list down the various financing and legal issues surrounding vessel charter contracts and what can lenders’ do to overcome them and to reach a cost-effective win-win solution for all parties involved.

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Puneet Sharma

Vice President
MODEC

4:50 PM - 5:10 PM Mitigating Impact of FPSO Project Cancellation and Contract Termination

Roel Soeleman, Execution Manager - Topsides Disposal, Dong Energy

Roel Soeleman

Execution Manager - Topsides Disposal
Dong Energy

5:10 PM - 5:30 PM Contracting For FPSOs - Innovative Ways To Formulate A Contract Between An FPSO Contractor And An Oil Company

Duncan Peace, Managing Director, CRONDALL ENERGY
What exactly goes into an FPSO contract and which party usually benefits more from these contracts? This sessions aims to unravel the mysteries behind some of the legal terms used and hopes to shed some light on the murky world of FPSO contracting. It will then focus on some innovative ways to formulate a win-win contract for everyone involved.

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Duncan Peace

Managing Director
CRONDALL ENERGY

5:30 PM - 6:00 PM (Mini-Workshop) Exploring various FPSO financing solutions across Asia, Africa and South America

Shiv Sivarajah, Director of Natural Resources, ING Bank Asia
This mini-workshop aims to provide delegates an overview of the various financing options available in various geographic regions such as Asia, Africa and South America. It will highlight the pros and cons of each type of financing structure and identify which financing model is the most suitable, attractive and cost-effective for each geographic region.

  • Breakdown 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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Shiv Sivarajah

Director of Natural Resources
ING Bank Asia

4:30 PM - 4:50 PM Bespoke Vs Mass-Produced: An Oil Operator’s Experience In Reaping The Benefits Of “Off-The-Shelf” Design

Adrian Tan, Engineering Manager, Development, Murphy Oil
The oil industry usually demands customized solutions to maximize their hydrocarbon extraction but such orthodox views are being challenged in view of the protracted low oil price. For the FPSO community, what can be done to engineer a cost effective solution? This presentation addresses the concerns regarding a mass produced design using case-study of Murphy Oil’s operations in Malaysia. It looks at the successful implementation of the “one design for many builds” in several gas and condensate reservoirs, which results in have lower investment/CAPEX, OPEX and maintenance costs.

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Adrian Tan

Engineering Manager, Development
Murphy Oil

4:50 PM - 5:10 PM (Working Group) Determining The Suitability Of Turrets and Mooring Systems Standardization In Small-To-Mid Scale FPSOs

Arun Duggal, Chief of Technology, SOFEC
  • Why standardardisation is more applicable to small-to-mid-scale FPSOs and their growing importance to the overall FPSO industry
  • Understanding why standardization, especially of turrets and mooring systems, is a good cost-saving measure for FPSO contractors
  • Exploring other components that could be standardized to help in reducing operating and maintenance costs for FPSO contractors

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Arun Duggal

Chief of Technology
SOFEC

5:10 PM - 5:30 PM Case-Study: Understanding The Mooring Integrity Technology Used For CNOOC’s FPSO Hai Yang Shi You 118 And How It Is Successfully Utilized For The Enping 24-2 Oilfield

Li Paung, Project Technical Supervisor of Marine Department Technology Center, CNOOC Energy Technology &Services-Oil Production Services Co.
China's largest offshore crude oil and natural gas producer CNOOC currently operates the FPSO Hai Yang Shi You 118 in the Enping 24-2 oil field in the Pearl River Mouth Basin, South China Sea offshore China. This session focuses on the online mooring line monitoring system used on the FPSO and also the inspection technology the company used to manage its mooring line integrity. It will also touch on CNOOC’s typhoon strategy for the FPSO, including hydrodynamic analysis of mooring system in pre-typhoon and after-typhoon estimation.

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Li Paung

Project Technical Supervisor of Marine Department Technology Center
CNOOC Energy Technology &Services-Oil Production Services Co.
This interactive panel discussion explores the various techonolgy that have been used for FPSO construction over the years and discusses the possibility of whether the industry has reached a plateau in terms of innovating new methods in FPSO design and manufacturing and how this has impacted the total capital costs, operating costs and maintenance costs of running an FPSO vessel.

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Michael Skyum

Senior Vice President, Supply Chain
BW Offshore

Brock Peoples

Application Engineer
Hamworthy Combustion Engineering
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Terje Jensen

Vice President Business Development FPSO
Dresser-Rand, A Siemens Business
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Don Raith

FPSO Deliver Manager
Premier Oil

4:50 PM - 5:10 PM Reducing FPSO Life Cycle Costs through Remote Monitoring and Data Analytics

David Hartell, Senior Development Manager, Premier Oil
  • Analysing the best strategies to implement remote monitoring and data analytics solutions for FPSO Operations;
  • Examining the remote monitoring solutions available right now in the market and their advantages and disadvantages over traditional onboard manning only;
  • Review of data analytic solutions applicable to FPSO, Subsea, and Subsurface systems;
  • Discussing any potential operational issues that might arise from the use of remote monitoring and data analytics for an FPSO 

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David Hartell

Senior Development Manager
Premier Oil
This panel discussion will discuss whether digital solutions have a place in the FPSO industry or whether it is just a pipe dream. Panelists will explore the various applications of digital solutions throughout the FPSO value-chain and their impact on project execution and operation. Lastly, they will also discuss the cost of implementing such solutions for an industry that is facing challenging market conditions.

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David Hartell

Senior Development Manager
Premier Oil
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Simon Harman

FPSO Category Manager
Woodside Energy
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Håvard Devold

Group Vice-President, Digital Oil, Gas and Chemicals
ABB
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Suhnylla Kler

Executive Director, M3nergy
CEO, SDB Asset Management
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Sandra Antonovic

Chief Operating Officer
Reflex Marine

Phil Moses

Purification Solutions
Schlumberger

David Lothian

Head of Upstream Services Water Technologies
VEOLIA

6:00 PM - 6:20 PM Closing Keynote: Strategic Insights for 2018

Puneet Sharma, Vice President, MODEC
This presentation will provide a macro view of the current state of the FPSO market incorporating key developments in the oil and gas sector, offshore updates and most importantly, offer strategic insights on formulating a sustainable FPSO forward business plan for 2017 and beyond.

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Puneet Sharma

Vice President
MODEC

6:20 PM - 6:30 PM Chairman’s Closing Remarks

Duncan Peace, Managing Director, CRONDALL ENERGY

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Duncan Peace

Managing Director
CRONDALL ENERGY

6:30 PM - 8:00 PM End of Conference Day 1 and Start of Cocktail Reception