Day Two- 27 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 - 9:30 AM Market Intelligence: Forecasting FPSO Orders In 2017 And Beyond

Kelvin Sam, Principal Researcher, IHS Energy
  • Reviewing the current oil price scenario and impact of FPSO orders in 2017 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 Energy

9:30 AM - 10:00 AM Forecasting the Future Of The Global Deep Water Industry And How It Will Impact FPSO Demand, New Projects And The Overall Supply-Chain

Angus Rodgers, Research Director, Upstream Research, Wood Mackenzie
This session aims to forecast the future of the FPSO industry by analyzing the entire global deep-water industry eco-system and understanding how current oil prices are shaping future strategies of deep-water operations in 2017 and beyond. It will focus on the FPSO project pipeline, effective supply-chain strategies in preparation for possible market recovery in the near future, and hard lessons that can be learnt from the current market conditions.

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Angus Rodgers

Research Director, Upstream Research
Wood Mackenzie

10:00 AM - 10:30 AM FPSO Contractor and Oil Company Client - Working Together in Difficult Times

Don Raith, FPSO Deliver Manager, Premier Oil
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 a Solid FEED phase
  • Develop ideas and initiatives around a Common Business Plan for the FPSO Project.

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Don Raith

FPSO Deliver Manager
Premier Oil

10:30 AM - 10:45 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!

10:45 AM - 11:10 AM Morning Tea Break

11:10 AM - 11:40 AM Case-Study –Key Learning Points from the Successful Conversion of a vessel tanker into the FPSO Pioneiro de Libra

After an investment of more than USD1bn and 4,000 people over a period of two years, the FPSO Pioneiro de Libra left Singapore’s Jurong Shipyard in March 2017 for Brazil, where it will be the first FPSO to produce oil from the country’s Libra Block, one of the largest pre-salt oil reserves in the world. This session will discuss the key learning points that could be learnt from the entire conversion process, the main challenges the company faces during the entire project, and how it managed to innovate to solve some of these issues. 

This interactive panel will tackle the various financing issues affecting the FPSO market. Panelists will look at how the current oil prices have affected available financing facilities and examine new innovative financing structures that will benefit both financiers and the FPSO industry. This could include private equity deals, Islamic financing, or obtaining financing through export credit agencies. The panel will give their thoughts on the advantages and disadvantages of each type of financing and how to select the best one for the needs of the FPSO industry.

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Duncan Peace

Managing Director
CRONDALL ENERGY
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Siddharta Shrivastava

Head of Energy & Natural Resources
Sumitomo Mitsui Banking Corp
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Audra Low

Head of Origination & Structuring
Clifford Capital
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Harm Hauke Ross

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

Director of Natural Resources
ING Bank Asia
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Kristian Flaten

Senior Vice President – Offshore/Shipping
Eksportkreditt Norway

12:30 PM - 2:00 PM Lunch and Visit to the FPSO Technology Hall

2:30 PM - 2:30 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 - 2:10 PM Interactive Roundtable Discussion on FPSO Financing and Contracting Models

In this interactive discussion, delegates from various key stakeholders will engage in roundtable discussions comprising 8-10 members per table for an in-depth dialogue into three issues on FPSO financing and contracts.

Each discussion group will take place concurrently, with the tables rotating every 30 minutes. Delegates will have the opportunity to engage in all three discussion groups over the course of the session.

2:10 PM - 3:40 PM Roundtable 1: FPSO Financing: Alternative financing strategies for FPSO development

2:10 PM - 3:40 PM Roundtable 2: FPSO leasing: Formulating transparent and cost effective leasing models

2:10 PM - 3:40 PM Roundtable 3: Helping small-mid caps obtain financing to develop fields

Suhnylla Kler, Executive Director, M3nergy, CEO, SDB Asset Management

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Suhnylla Kler

Executive Director, M3nergy
CEO, SDB Asset Management

2:30 PM - 2:30 PM Stream B – Project Execution & Technical Innovation

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

Don Raith, FPSO Deliver Manager, Premier Oil

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Don Raith

FPSO Deliver Manager
Premier Oil

2:10 PM - 2:10 PM Interactive Roundtable Discussion on FPSO Project Execution and Technical Innovation

In this interactive discussion, delegates from various key stakeholders will engage in roundtable discussions comprising 8-10 members per table for an in-depth dialogue into three issues on FPSO Project Execution and Technical Innovation.

Each discussion group will take place concurrently, with the tables rotating every 30 minutes. Delegates will have the opportunity to engage in all three discussion groups over the course of the session.

2:10 PM - 3:40 PM Roundtable 1: Standardization of FPSO modules – Is it sustainable and will it help improve project efficiency?

Alastair MacLean, Engineering Director, Rubicon Offshore

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Alastair MacLean

Engineering Director
Rubicon Offshore

2:10 PM - 3:40 PM Roundtable 2: Examining the critical issues of vessel conversion for FPSOs vs new-builds

Liu Li, Assistant Manager, Naval Architect, Bumi Armada

Liu Li

Assistant Manager, Naval Architect
Bumi Armada

2:10 PM - 3:40 PM Roundtable 3: Forging closer relationships between oil companies and FPSO contractors

Don Raith, FPSO Deliver Manager, Premier Oil

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Don Raith

FPSO Deliver Manager
Premier Oil

2:30 PM - 2:30 PM Stream C – FPSO Operations

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 - 2:10 PM Interactive Roundtable Discussion on FPSO Operations

In this interactive discussion, delegates from various key stakeholders will engage in roundtable discussions comprising 8-10 members per table for an in-depth dialogue into three issues on FPSO Operations.

Each discussion group will take place concurrently, with the tables rotating every 30 minutes. Delegates will have the opportunity to engage in all three discussion groups over the course of the session.

2:10 PM - 3:40 PM Roundtable 1: Incorporating Safety, Engineering and Maintenance Best Practices to Reduce Vessel Downtime

2:10 PM - 3:40 PM Roundtable 2: Ensuring Safety And Bringing Down Operating Costs While Enhancing Production Efficiency For Existing Vessels

Nicolas Philippe, Offshore Field Manager, Total

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Nicolas Philippe

Offshore Field Manager
Total

2:10 PM - 3:40 PM Roundtable 3: Planning for the late-life stage extension of your FPSOs

Peter Burridge, Senior Naval Architect, Maersk Oil

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Peter Burridge

Senior Naval Architect
Maersk Oil

3:40 PM - 4:10 PM Afternoon Tea Break and Networking

4:10 PM - 4:30 PM Future Outlook: Exploring New Markets for FPSOs and the Challenges in Setting Up Operations in Untested Markets

Vijay Krishnan, Head of Asia-Pacific, Rystad Energy Jon Fredrik Muller, Partner, Rystad Energy
  • Determining new potential markets for FPSOs and how these markets will affect the global FPSO industry
  • Identifying market entry challenges into new FPSO markets and solutions to overcome them
  • Predicting global demand for FPSO in the next 3-5 years and how new markets will affect the FPSO supply chain

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Vijay Krishnan

Head of Asia-Pacific
Rystad Energy
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Jon Fredrik Muller

Partner
Rystad Energy

4:30 PM - 4:50 PM Market Outlook: Direction of South Korea’s FPSO shipbuilding industry

Jeong-Heon Na, Senior Manager, FLNG/Drillship Engineering, Hyundai Heavy Industries
  • Analysing South Korea’s shipbuilding industry with regards to FPSOs construction capabilities and its future direction
  • Comparing the various costs of building an FPSO vessel in South Korea compared to shipyards in neighbouring countries
  • Examining the impact of the existing bad market conditions on South Korea’s shipbuilding industry

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Jeong-Heon Na

Senior Manager, FLNG/Drillship Engineering
Hyundai Heavy Industries

4:50 PM - 5:10 PM Identifying suitable oil fields for FPSO project opportunities in Indonesia and how to successfully navigate the market and various regulations

Sampe Purba, Expert to Head of SKKMigas , SKK Migas
Indonesia has many large oil reserves offshore Sumatra, Java, Kalimantan, Sulawesi, Papua and Maluku and there is a push by the government to develop these fields using FPSOs. This session will help to identify the various fields that might be suitable for FPSO operations and also explain some of the various regulation and initiatives undertaken by the Indonesian government to help FPSO contractors and oil companies while also looking at the steps being done to help develop its local shipbuilding industry.

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Sampe Purba

Expert to Head of SKKMigas
SKK Migas

5:10 PM - 5:30 PM Case-Study: SBM Offshore’s Diversification Into FLNG And Identifying Synergies Between FPSO And FLNG Construction And Operations

Michael Wyllie, Group Technology Director, SBM Offshore
This session looks at how SBM Offshore leverages on its expertise in FPSO operation and construction to successfully enter the FLNG market. It will focus on the main barriers to entry to the FLNG industry and steps taken by SBM Offshore took to navigate the various regulatory and financing hurdles.

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Michael Wyllie

Group Technology Director
SBM Offshore

4:10 PM - 4:30 PM Implementing Effective Vent and Flare Gas Recovery systems for FPSOs

Brock Peoples, Application Engineer, Hamworthy Combustion Engineering
This session will look at the increasing importance of vent and flare gas recovery systems and how to put in place a suitable and effective recovery plan for FPSOs. It will focus on the critical importance of integration and control of a flare gas recovery unit while also touching on safety processes for company personnel and the environment.

Brock Peoples

Application Engineer
Hamworthy Combustion Engineering

4:30 PM - 4:50 PM Effective Solutions To Maximising Cost Reduction In FPSO Operations And Operations

Michael Wyllie, Group Technology Director, SBM Offshore
With very little projects awarded over the past year, the focus of the FPSO industry is on reducing costs. This session will look at the various practical, effective and tried-and-tested solutions that FPSO contractors can implement to reduce the cost of operations and vessel construction.

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Michael Wyllie

Group Technology Director
SBM Offshore

4:50 PM - 5:10 PM Industry Presentation by VEOILA

David Lothian, Head of Upstream Services Water Technologies, VEOLIA

David Lothian

Head of Upstream Services Water Technologies
VEOLIA

5:10 PM - 5:30 PM Case-study: Improving FPSO efficiency and cost-effectiveness using cylindrical-hulled FPSOs

Fredrik Major, Chief Business Development Officer, Sevan Marine ASA
This session will focus on the 25-years of accumulated operational experience for Sevan Marine’s cylindrical FPSOs since 2007 and how the unique design has reduced operating costs while improving FPSO efficiency. It will showcase a successful implementation of its cylindrical FPSO and cost-savings associated with the project.

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Fredrik Major

Chief Business Development Officer
Sevan Marine ASA

4:10 PM - 4:30 PM Case-Study: Key Learning Points From Operating FPSO Kikeh In Malaysia And Best Practices That Can Be Adopted To Other Deepwater Projects

Michael Wyllie, Group Technology Director, SBM Offshore
  • Understanding the unique operating environment of Kikeh field and how SBM Offshore adapted to the various challenges
  • Breakdown of key learning points from operating FPSO Kikeh and how to successfully adopt them to other similar deepwater FPSO projects
  • Listing down the achievements of FPSO Kikeh since first oil and some of the main operating and maintenance challenges faced by SBM Offshore

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Michael Wyllie

Group Technology Director
SBM Offshore

4:30 PM - 4:50 PM Case-Study: Understanding ENI’s Approach to Operations Readiness for Floating Production Units

Domenico Bonazzi, Project Engineer, E&P Division – PROD dept. OPSO, ENI
This presentation will focus on the brief history of floating production unit developments in ENI and includes descriptions of ENI’s current fleet. It will also shed light on the main technological challenges ENI faced when designing its floating production units, including the Firenze FPSO, Goliat FPSO and Jangkrik FPU. In addition, there will be case-studies on ENI’s Operations Readiness Process for the N’Goma FPSO and Olombendo FPSO.

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Domenico Bonazzi

Project Engineer, E&P Division – PROD dept. OPSO
ENI

4:50 PM - 5:30 PM Implementing an Effective Management System to Enhance Asset Integrity of Aged and Existing FPSOs

Peter Burridge, Senior Naval Architect, Maersk Oil
This session aim so identify some of the key challenges in maintaining a asset integrity framework for ageing and existing FPSOs and practical solutions without adverse impact on OPEX.

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Peter Burridge

Senior Naval Architect
Maersk Oil

5:30 PM - 5:50 PM Closing Plenary Session: Understanding the Key Takeaways from the FPSO World Congress—Building Your Business Plan in 2017 and Beyond

Duncan Peace, Managing Director, CRONDALL ENERGY
  • Understanding key takeaways from the FPSO World Congress
  • Assessing the continued consolidation and evolution of the industry and where opportunities lie in 2017 and beyond
  • Innovating as an industry to apply new technologies that can radically improve FPSO productivity and reduce costs
  • Action points to take back to your business

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Duncan Peace

Managing Director
CRONDALL ENERGY

5:50 PM - 5:50 PM End of Congress