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

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

9:40 am - 10:30 am Industry Power Panel Developing Effective Strategies to Maximise Oil Field Capacity and Potential

Kevin Bourgeois - VP Brown Field Projects Kosmos Energy
Richard Ella - Group Technology Director SBM Offshore
Chris Brett - President Teekay Offshore
• 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

VP 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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Richard Nott

VP of Business & Technical Development
Lloyd's Register Energy

10:55 am - 11:10 am Speed Networking Session

11:10 am - 11:40 am Morning Break

11:40 am - 1:40 pm Maximising Production Output and Driving Profitability: Plenary Roundtable Discussion (3 rotations @ 40 minutes each)

Delegates will get the opportunity to select and participate in 3 Interactive Roundtable Discussions, each led by one of our leading Financiers. All of the following 40-minute sessions will deep-dive into project conceptualization, execution and operational topics, providing you the opportunity to get all your FPSO lifecycle questions answered. 

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


11:40 am - 1:40 pm Project Conceptualization Roundtable D | Driving Profitable Field Development Projects in Today’s Market Climate


11:40 am - 1:40 pm Project Conceptualization Roundtable G | Making Field Economics Work – Understanding the Importance of Early Concept Definition


11:40 am - 1:40 pm Project Execution Roundtable B | Developing Bankable Projects that will be Attractive to Financiers


11:40 am - 1:40 pm Project Execution Roundtable E | Developing Effective FPSO Redeployment Strategies for the North Sea


11:40 am - 1:40 pm Project Execution Roundtable H | Re-Examining FPSO Contracting Models in Today’s Oil Price Climate


11:40 am - 1:40 pm Project Operations Roundtable C | Technology for Improved FPSO Project Lifecycle Costs


11:40 am - 1:40 pm Project Operations Roundtable F | Exploring Innovative Strategies to Transform FPSO Project Operations


11:40 am - 1:40 pm Project Operations Roundtable I | Managing FPSO Project Lifecycle Costs – Best Practices


1:40 pm - 2:40 pm Networking Lunch

Stream A: Designing Effective FPSO Procurement and Contracting Models

2:40 pm - 3:10 pm Streamlining FPSO Supply Chain through Strategic Sourcing, Data Analytics and Continuous Improvement
Sharat Gannavaram - Global Strategic Sourcing Manager SBM Offshore

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Sharat Gannavaram

Global Strategic Sourcing Manager
SBM Offshore

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 Evaluating the Feasibility of Alternative Contracting Models for FPSO Projects
• Exploring different contracting models available for FPSO projects – How do they impact overall project outcomes?
• Demonstrating success stories of FPSO projects that have utilised alternative contracting models
• Discussing innovative ways to design FPSO contracts 

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
• 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

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

• 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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Mustafa Siddiqui

Senior Managing Director, Head of Energy Private Equity, EMEA
Blackstone

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Ian Cogswell

Managing Director, Head of Natural Resources & Offshore Infrastructure
Natixis

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Christian Synetos

Vice President
Blackrock Global Energy & Power Group

5:10 pm - 5:40 pm Insights from the Inside Understanding what Oil Companies Value in Their FPSO Project

Kevin Bourgeois - VP Brown Field Projects Kosmos Energy
• Driving profitable field development projects in today’s market climate
• Understanding what oil companies require from FPSOs
• Discussing cost considerations of an FPSO and how they fit into entire field development

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Kevin Bourgeois

VP Brown Field Projects
Kosmos Energy

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

5:45 pm - 8:15 pm Cocktail Reception hosted by Teekay Offshore Production

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.