Agenda Day 2 - 28 February 2018

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

9:00 AM - 9:10 AM Opening Remarks from Chairperson

Duncan Peace, Managing Director, CRONDALL ENERGY

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Duncan Peace

Managing Director
CRONDALL ENERGY

9:10 AM - 9:40 AM The Lancaster Project Spotlight | Challenge: How do you work collaboratively with project stakeholders to reduce FPSO whole-of-lifecycle costs and ensure project success?

Peter Burger, Vice President, Technology, Bluewater
  • Building shared goals, objectives and vision for the FPSO project
  • Nurturing collaborative work processes to meet the expectations of different project stakeholders
  • Realising what makes them tick – Constantly evaluate (and re-evaluate) project outcomes and processes throughout the FPSO project life-cycle

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Peter Burger

Vice President, Technology
Bluewater

9:40 AM - 10:30 AM The Future of FPSO: How can the industry remain competitive?

Stuart Wheaton, UK Business Unit Manager, Premier Oil Eirik Barclay, Chief Executive Officer, Yinson Production
With low oil prices looking set to stay, FPSO projects are now “too big to fail”. However, FPSO projects have a bad reputation of budget overruns and project delays – and this negative connotation has resulted in great mistrust and increased risk aversion from and within the entire FPSO value chain. If the industry continues operating within status quo, we might just lose our competitiveness within the market.
Brainstorm! If you are given a choice, what are your Top 5 solutions to boost the competitiveness of the FPSO industry? This is your chance to drive change and contribute to the FPSO conversation alongside industry leaders. Discuss amongst your table and share your top 5 strategies at the end of the session.

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Stuart Wheaton

UK Business Unit Manager
Premier Oil
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Eirik Barclay

Chief Executive Officer
Yinson Production

10:30 AM - 11:00 AM Morning Break

11:00 AM - 12:30 PM Plenary Roundtable Discussions: Practical Strategies and Next Steps to Enable Market Recovery

Delegates will get the opportunity to attend all 3 sessions, each led by an expert for a 30-minutes discussion. Discussion groups are deliberately kept to a small size to ensure that all delegates get the opportunity to ask their most pressing questions, thereby guaranteeing a perfectly tailored experience.

11:00 AM - 12:30 PM Roundtable A | (Re)-Examining FPSO contracting models

Oskari Jaakkola, Vice President, Business Development and Sales, Africa, Europe & South America, Bumi Armada
  • Designing 21st century contracts for all project stakeholders
  • Discussing innovative ways to design FPSO contracts
  • Facing the harsh reality – Are 25-year contracts still viable in today’s oil price context?

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Oskari Jaakkola

Vice President, Business Development and Sales, Africa, Europe & South America
Bumi Armada

11:00 AM - 12:30 PM Roundtable B | (Re)-Solving the FPSO market’s “brain-drain” to prepare for market activities

  • Developing strategies to solve the “brain-drain” issue and prepare for market recovery
  • Adapting to market situations and working within manpower constraints
  • Finding the most cost-effective solution to get the best manpower on board

11:00 AM - 12:30 PM Roundtable C | (Re)-Shaping FPSO project executions and operations through digitalisation

David Hartell, Senior Development Manager, Premier Oil
  • Overcoming stakeholder and employee resistance to new digital solutions
  • Creating the conditions of success for the use of technology in the FPSO world
  • Cultivating a mindset shift – Is the FPSO industry ready for the digital revolution?

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David Hartell

Senior Development Manager
Premier Oil

12:30 PM - 1:30 PM Networking Lunch

Stream C | Transforming FPSO Operations for Increased Productivity & Reduced Costs

1:30 PM - 1:40 PM Stream C Chairman’s Opening Address

David Hartell, Senior Development Manager, Premier Oil

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David Hartell

Senior Development Manager
Premier Oil

Stream C | Transforming FPSO Operations for Increased Productivity & Reduced Costs

1:40 PM - 2:20 PM Leveraging on remote monitoring and data analytics to reduce manning and OPEX

David Hartell, Senior Development Manager, Premier Oil
  • Demonstrating how remote monitoring and data analytics have successfully reduced offshore manning and overall project costs
  • Overcoming operational issues involved in the use of remote monitoring and data analytics
  • Identifying necessary systems and infrastructures needed to support the use of remote monitoring solutions

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David Hartell

Senior Development Manager
Premier Oil

Stream C | Transforming FPSO Operations for Increased Productivity & Reduced Costs

2:20 PM - 3:00 PM Roundtable Discussion | How do you successfully adopt digital solutions in your FPSO project?

David Hartell, Senior Development Manager, Premier Oil
  • Evaluating the feasibility of implementing new technology in the FPSO market – How far along the digital adoption curve are we?
  • Avoiding common pitfalls in the adoption of digital solutions for FPSO projects
  • Harnessing technology and digital solutions to “get more oil with less”

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David Hartell

Senior Development Manager
Premier Oil

Stream D | Maximising Value from, and for, FPSO Projects

1:30 PM - 1:40 PM Stream D | Chairman’s Opening Address

Stream D | Maximising Value from, and for, FPSO Projects

1:40 PM - 2:20 PM Monetising marginal fields and mature assets – the Anasuria FPSO Case Study

  • Utilising smarter engineering strategies to maximise marginal field recovery
  • Mitigating the potential technical and economic risks in marginal fields
  • Exploring cost-effective solutions to unlock the potential of marginal fields and mature assets

Stream D | Maximising Value from, and for, FPSO Projects

2:20 PM - 3:00 PM Roundtable Discussion | Decommissioning vs Marginal Field Recovery – Which is the better course of action?

  • Weighing the pros and cons of decommissioning and marginal field recovery
  • Understanding objectives and requirements to determine the best course of action
  • How can you maximise project outcomes through marginal field recovery?

3:00 PM - 3:30 PM Afternoon Break

Stream C | Transforming FPSO Operations for Increased Productivity & Reduced Costs

3:30 PM - 4:10 PM Enhancing FPSO productivity and operational efficiency in the mid-late stage life-cycle

Flemming Grønnegaard, Chief Operations Officer, Yinson Production
  • Striking a balance between managing changing field requirements and upholding safe operations during the mid-late stage life-cycle
  • Meeting compliance and process safety requirements for “mature” vessels
  • Maintaining a robust asset integrity framework while simultaneously controlling OPEX

Flemming Grønnegaard

Chief Operations Officer
Yinson Production

Stream D | Maximising Value from, and for, FPSO Projects

3:30 PM - 4:10 PM Understanding structural integrity risks with FPSO relocation on the UKCS to achieve optimal value from projects

Conrad De Souza, Specialist Structural Integrity Inspector, HSE – Energy Division

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Conrad De Souza

Specialist Structural Integrity Inspector
HSE – Energy Division

4:10 PM - 4:50 PM Market Intelligence Future Outlook | Exploring new markets for FPSOs and navigating challenges in setting up operations in untested markets

  • Determining new potential markets for FPSOs and how these markets will affect the FPSO industry
  • Identifying market entry challenges into new FPSO markets and solutions to overcome them
  • Predicting global demand for FPSOs in the next 3-5 years and how new markets will affect the FPSO supply chain

4:50 PM - 5:00 PM Chairman's Closing Summary