Agenda Day 2 - 28 February 2018

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

8:50 AM - 9:00 AM Opening Remarks from Chairperson

Duncan Peace, Managing Director, CRONDALL ENERGY

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Duncan Peace

Managing Director
CRONDALL ENERGY

9:00 AM - 9:30 AM Western Isles – The Story of the Project and the FPSO

Keith Williams, Project General Manager, Western Isles Development, Dana Petroleum
  • Exploring the Western Isles FPSO – the first new build FPSO to be built in China
  • Outlining the issues experienced during the build
  • Reviewing the interventions that had to be made in order to deliver the FPSO
  • Understanding the result of these interventions and the overall outcome

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Keith Williams

Project General Manager, Western Isles Development
Dana Petroleum

9:30 AM - 10:00 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
West of Shetlands, autumn 2017. One of the harshest environments and a varying oil price of around 50 US$/bbl. The market is hungry for work yet no one takes FID, except a few like Hurricane who sanctioned the Lancaster EPS with the FPSO Aoka Mizu from Bluewater. The FPSO is being upgraded, scheduled to leave the yard less than a year from FID with targeted 1st Oil in 2019. Are they moving in a sweet spot of the market?

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Peter Burger

Vice President, Technology
Bluewater

10:00 AM - 11:00 AM The Future of FPSO: How can the industry remain competitive?

Stuart Wheaton, UK Business Unit Manager, Premier Oil , , Arun Duggal, Chief of Technology, SOFEC Inc.
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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Arun Duggal

Chief of Technology
SOFEC Inc.

11:00 AM - 11:30 AM Morning Break

11:30 AM - 1:30 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 40-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.

  • 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
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Jeremy Farr

Partner
K&L Gates

11:30 AM - 1:30 PM Roundtable B | (Re)-Assessing the ROI and results of value engineering

Jos Leo, Business Development Director, SBM Offshore
  • Evaluating tangible early results from value engineering and frontloading work on projects
  • Defining clear parameters and guidelines to ensure that value engineering is set for success
  • Rethinking FPSO project execution – Is front-loading and value engineering here to stay?

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Jos Leo

Business Development Director
SBM Offshore

11:30 AM - 1:30 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

1:30 PM - 2:30 PM Networking Lunch

2:30 PM - 3:00 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

3:00 PM - 3:30 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

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Flemming Grønnegaard

Chief Operations Officer
Yinson Production

3:30 PM - 4:00 PM Afternoon Break

4:00 PM - 4:30 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

4:30 PM - 5:00 PM Market Intelligence Future Outlook | Exploring new markets for FPSOs and navigating challenges in setting up operations in untested markets

Puneet Sharma, Vice President, MODEC
  • 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

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Puneet Sharma

Vice President
MODEC

5:00 PM - 5:00 PM Chairman's Closing Summary and End of Congress