This
is the preliminary program – these are the topics you will
hear about at the 3rd Annual North Sea Strategy and Finance conference.
Please
do not hesitate to contact EyeforEnergy’s conference director
with comments or queries – we are always looking to hear from
experts.
If you are interested in finding out
more about speaking opportunities, please contact Joe@EyeforEnergy.com
Fiscal
policy – Where We Stand in the UK
- Hear why the government acted, and what the future of
government taxation policy, by this or any other government,
may mean to you
- Evaluate the impact of the tax increase on North Sea business
and the future of the North Sea
- Understand the relationship between oil prices and taxes
– what would be the result if the price of oil falls?
- Find out what we can expect from the Treasury consultation
process and the review by the Scottish Affairs Committee and
how it might address challenges faced by the industry
Raymond Hall,
Commercial Advisor, BP Exploration |
| The
Changing Face of North Sea Financing
- Hear how the increasing challenge of developing North
Sea discoveries in a profitable fashion requires greater
bespoke financi ng from Banks.
- Understand why the intensely price competitive environment,
in which North Sea assets are being sold to independent
companies, requires innovative and flexible funding solutions.
- Take away a detailed in-depth understanding of a variety
of financing options available over and above traditional
senior debt lending, to assist you in procuring and developing
North Sea oil & gas fields .
Euan Tait, Associate
Director, Bank of Scotland Corporate |
The
Future of the Market for Fields, Rigs and Services in the
North Sea
- Learn how to deal with the high demand for rigs and services
to keep your company moving forward
- Understand how you can keep costs down in a market which
is stretched for resources
- Discover how the price of oil could affect your operations;
and what you can do about it
- Gain insights into the future of the market in which you
operate, and the future of the resources you require
Chris Ness, Managing
Director, GlobalSantaFe |
The
Role of the Fiscal System in the UKCS
- Understand the aim of the UK tax policy and what it means
for the future of operators in the UKCS
- Hear how fiscal policy runs in line with other elements
of Government policy
- Gain insights into the future challenges that the current
system could experience and the actions you can take to
stay ahead of the game
- Analyse the different scenarios for the economic future
in the UKCS and evaluate your options
Derek Leith, UK
Head of Oil & Gas Tax, Ernst & Young LLP
Christopher Sanger, Head of Tax Policy Development, Ernst
& Young LLP |
North
Sea Operating Policies - Strategies to add value
- Hear what legal and commercial strategies have been
used to maximise Promote License type opportunities
- Gain insights into the Fallow Blocks/Discoveries initiative
- is it actually freeing up assets? And if so, how
can you best get your hands on them?
- Understand how you can use third party access to existing
infrastructure to help you get your potential
production to market - and find out what (if any) are the
rules and when (if at all) will they apply?
Kenny Paton, Associate,
McGrigors |
Scenarios
for Smaller Companies Operating in the North Sea
- Discover the world of the micro-energy company as WHAM
explain what this means to their operations
- Gain insights into the possible future industry trends
in the North Sea and how you can adapt the way you work
to stay ahead of the curve
- Understand the place of the micros under various environments
and circumstances
- Find out what opportunities and challenges await you in
this high cost/high risk environment, so that you can take
control and prosper
Tom Windle, CEO,
WHAM Energy Plc |
Raising
Finance - Equity and Debt; How to Make the Right Deal
for your North Sea Needs
- Examine the range of sources of finance available to you
for assorted purposes
- Hear the best ways to go about finding, negotiating and
structuring your finance deals
- Understand what considerations you should be taking in
order to secure the best deal for your needs
Neil Hartley, Director,
First Reserve |
Optimising
Operations in the North Sea
- Hear examples of the latest in effective operations from
Granby Oil and Gas Plc
- Take away insights from Granby Oil and Gas' experiences
in building an effective range of North Sea assets
- Discover how you can keep things moving once you're in
the North Sea while avoiding risk by managing your cash
flow effectively
- Understand your significant considerations with regard
to scenario planning, and hear what can be done to protect
your future at minimal cost
Richard Moreton,
Executive Director, Granby Oil and Gas Plc |
| Strategic
and Financial Planning for Decommissioning in the North Sea
- Understand the intricacies and associated risks of decommissioning
liability
- Find out how accurately decommissioning costs can be predicted
into your future
- Analyse effect of decommissioning costs on estimating
your asset's remaining value and the impact of costs on
asset D&A
- Learn what financial provisions you will have to make
for your liabilities
- Examine the consequences of your longer term residual
liabilities
Mike Corcoran, Director,
Hyperion Energy |
| Making
a Small Oil Company a Lucrative Business in the North Sea
- Hear why Pertra ASA used Norwegian offshore territory
to develop their production
- Understand what considerations should contribute to your
decision to explore an area of the North Sea
- Learn how Pertra ASA simultaneously manage exploration
and production
- Discover the details of how Pertra ASA have made the most
of smaller fields in the North Sea
Erik Haugane, CEO,
Pertra ASA |
Using
your North Sea Assets to Develop your Business Internationally
- Hear how Dana Petroleum uses North Sea production to provide
a solid cash flow base with which to develop operations
- Learn how Dana Petroleum's solid North Sea business has
allowed them to explore in the UK , and fund focussed exploration
internationally
- Understand how International exploration will provide
material, company changing opportunities from the North
Sea
- Find out how Dana Petroleum intend to capitalise on a
diverse opportunity set with range of players with different
strategic drivers to move business forward
Stuart Paton, Technical
and Commercial Director, Dana Petroleum
|
| Extending
the life of a mature field
- Hear how Marathon Oil used the “Life of Field” model to
the different scenarios for asset planning
- Understand the value of a mature infrastructure - impact
of threats and opportunities
- Learn how to develop a strategy which optimises long term
value
- Obtaining stakeholder commitment to a new asset strategy
– creating a new vision
Mike Birch, Performance
Improvement Manager, Marathon Oil UK Ltd |
The
North Sea Until 2035
- Hear the results and analysis of Professor Kemp's latest
study into the prospects in the North Sea until 2035
- Understand the North Sea 's role in the future of exploration
and production on a global scale
- Gain insights into the information and data that can help
you get the leading edge in the North Sea
- Analyse the price sensitivity of activity in the North
Sea
- Find out how you can make the most the North Sea opportunities
into the future
Professor Alex Kemp,
Professor of Petroleum Economics, University of Aberdeen |
| Floating
on the AIM market
- Hear about the recent changes in the ways that companies
in the North Sea are sourcing funding
- See how deals have been done by other companies to float
on the AIM market and examine how successful these deals
have been
- Understand the factors you need to take into account to
make the decision to float
- Learn how you can float on the AIM market, and hear about
the future of the AIM market
Jeremy Berry, New
Business Development Manager, GCA
|
Building
a Diverse Portfolio and Creating Shareholder Value in the
Mature Norwegian CS
- Hear how Revus Energy has become a stable and profitable
exploration and production company
- Understand factors you should take into consideration
when acquiring assets
- Discover how you can sustain strong operations while expanding
and developing your business and keep your investors happy
Harald Vabo, CEO,
Revus Energy ASA |
Single
Field Development – a Holistic Approach to Delivering a Funded
Technical Solution
- Understand what happens when your significant asset is
your only asset, or when you are looking to finance an isolated
single well development
- Hear how traditional sources of debt and equity may not
be appropriate as a result of concentration of risk; and
find out what you can do about it
- Learn about alternative solutions which deliver both the
funding and the technical resources to execute on a development.
Tom Reynolds, Commercial
Director, EDP |
Debt
Financing Options for the UK North Sea
- Evaluate the traditional methods of debt financing available
to exploration and production companies in the North Sea
- Understand how you should be structuring your financing,
using the Forward Purchase model as an example
- Hear how volumetric production payments work – and could
they work in the UK North Sea?
James Atkin, Associate,
Vinson & Elkins |
Promoting
the UKCS through initiatives – are we doing enough?
- Learn about the joint initiatives between the UK government
and the companies operating in the UKCS
- Explore the details of how these programmes work and whether
they have been successful
- Find out if you are making the most of the initiatives
that exist in the UKCS; and if not, how you can do so
- Understand the effect that these programmes have on the
market, and how they will shape the future of your UKCS
business
Agustin Rivara,
Fiscal Issues Manager, UKOOA |
What
Does it Take to Drill a Well in the North Sea These Days?
- Understand the challenges you have ahead of you once you
have obtained funding and acquired your ace prospect
- Discover the possible impact of your unlimited exposure
to cost overrun and learn how you can take steps to protect
yourself
- Learn the latest strategies that will help you source
rigs and equipment to suit your needs
- Hear about other drilling challenges you will face and
how you can deal with them quickly and efficiently
Peter Howell, General
Manager, ADTI |
Private
Equity in the North Sea - More Than Just Money
- Find out what private equity firms will be looking for
in prospective deals
- Hear about the drivers behind some of Lime Rock's
recent deals
- Understand the importance of picking the right private
equity partner for your business, and how you can try
to make sure that the fit will work
- Discover what a good private equity investor
can bring to the table to help create value for your business
Simon Munro, Director,
Lime Rock Partners |