19 - 20 February, 2019
ILEC Conference Centre and Ibis London Earls Court, London, United Kingdom

Agenda Day 1 - 19 February 2019

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

8:50 am - 9:00 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

  • 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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Kevin Bourgeois

Vice President, Brown Field Projects
Kosmos Energy

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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 - 10:55 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 - 11:40 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 Conceptualisation

11:40 am - 1:40 pm Roundtable A | Justifying the Value and ROI of Value Engineering for FPSO Projects

Project Conceptualisation

11:40 am - 1:40 pm Roundtable D | Embracing Standards and Specifications for FPSO Projects in the North Sea
Philip Smedley - UEC Floating Systems Engineer and Structures Advisor, BP

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Philip Smedley

UEC Floating Systems Engineer and Structures Advisor
BP

Project Execution

11:40 am - 1:40 pm Roundtable B | Developing Bankable Projects that will be Attractive to Financiers
Thomas Bobrie - Vice President – LNG Shipping & Offshore Finance, Société Générale

Thomas Bobrie

Vice President – LNG Shipping & Offshore Finance
Société Générale

Project Execution

11:40 am - 1:40 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

11:40 am - 1:40 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

11:40 am - 1:40 pm Roundtable F | Embracing Digitalisation and Technology for Improved FPSO Project Lifecycle Costs
Kate Parker - Senior Consultant, Premier Oil

Kate Parker

Senior Consultant
Premier Oil

1:40 pm - 2:40 pm Networking Lunch

Stream A: Designing Effective FPSO Procurement and Contracting Models

2:40 pm - 3:10 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 A: Designing Effective FPSO Procurement and Contracting Models

3:10 pm - 3:40 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: Designing Effective FPSO Procurement and Contracting Models

3:40 pm - 4:20 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 | Reducing OPEX in the Early Project Phase

2:40 pm - 3:10 pm Demonstrating the ROI from Effective Schedule Compression on FPSO Project Lifecycle Costs
Richard Ella - Group Technology Director, SBM Offshore
  • Accelerating project timelines through SBM’s Fast4Ward programme – an update 
  • Reducing the entire FPSO project lifecycle cost
  • Lessons learnt from the Fast4Ward programme – and a vision for the next 5 years
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Richard Ella

Group Technology Director
SBM Offshore

Stream B | Reducing OPEX in the Early Project Phase

3:10 pm - 3:40 pm Balancing Project Lifecycle Costs to Deliver an Economically-Viable Field Development Project
Fabrizio Pagnanelli - Head of Engineering, Eddelbüttel + Schneider GmbH
• Promoting stronger partnerships between oil companies and FPSO contractors to extend product lifecycles 
• Reviewing the feasibility of end-to-end value chain collaboration
• Capturing lessons learnt from previous projects to promote good practise

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Fabrizio Pagnanelli

Head of Engineering
Eddelbüttel + Schneider GmbH

Stream B | Reducing OPEX in the Early Project Phase

3:40 pm - 4:10 pm Embracing FPSO Project Standardisation Strategies for Reduced OPEX
Knut Bredahl - Head of Sales & Marketing, Sevan Marine
  • Understanding which processes can be simplified and standardised
  • Actioning standardisation strategies – best practices 
  • Reviewing key requirements of FPSO projects and formulating standardised models for long-term efficiency

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Knut Bredahl

Head of Sales & Marketing
Sevan Marine

4:10 pm - 4:40 pm Afternoon Break

4:40 pm - 5:00 pm Understanding Standards and Specifications for the Offshore Industry to Drive Costs Down and Initiate Projects in the North Sea

Philip Smedley - UEC Floating Systems Engineer and Structures Advisor, BP
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Philip Smedley

UEC Floating Systems Engineer and Structures Advisor
BP

  • 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

Project Finance Professional
Project Finance Professional

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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

5:40 pm - 5:45 pm Chairman’s Closing Summary

5:45 pm - 8:15 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.