Conference Day One: Tuesday, 29th September 2015

Day 1

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8:50 AM Opening Address by Conference Chairman

Duncan Peace , Managing Director, Crondall Energy

Duncan Peace
Managing Director
Crondall Energy

9:00 AM Global Energy Trends for 2015 and Beyond: What are the Implications for the FPSO Market?

Duncan Peace , Managing Director, Crondall Energy

  • Analysing the current oil price scenario and what this means for the industry
  • Examining the current oil prices in comparison to other energy sources: Will global energy demand and supply trends shift?
  • Proposing a solution forward for operators and contractors in the current scenario: How can stakeholders work together to reduce costs and continue to push out profitable projects?
  • Examining the implications of the current oil price environment for the FPSO industry: Current and future orders
Duncan Peace
Managing Director
Crondall Energy

This session examines where an oil company’s perspective on delivering cost-effective developments and projects in the current oil price environment. The session will examine the economics of both marginal and phased-field development, and the strategies forward to successfully develop and execute projects without compromising safety and quality.

Dave Hartell
Senior Development Manager
Sea Lion, PREMIER OIL

10:10 AM Hope is not a Strategy; What Happens When the Price of Oil Falls?

Jerry Joynson , Technology Director, SBM Offshore

Instead of implementing lasting changes, do we, as suppliers in the upstream industry, simply hope for the price to bounce back to save us? There is little incentive to change the way we do things when the oil price is high. In 2015 however, the sudden and dramatic fall in the price of oil triggered a huge wave of cancelled or frozen investment decisions, and in doing so placed immense pressure on suppliers to find ways of reducing capital and operating costs. Yet the FPSO industry has become accustomed to a fixed set of approaches to planning, executing and operating FPSOs, and doesn’t appear able to deliver radical, lasting improvements.

  • Do clients really need to pay so much for the projects and services that we supply?
  • Is it feasible to actually deliver radical, whole-life-cycle cost reductions without adversely impacting quality and schedule?
  • Is it unrealistic to expect that we can all win when there is less money to spend?
  • If we think we can do this, then what is putting the brakes on change?
  • What is the blueprint for the future?
Jerry Joynson
Technology Director
SBM Offshore
Technical Presentation in The Vessel During the Morning Tea Break

10:55 - 11:10

Sarens Lift & Shift Technologies Useable for Handling and Assembling FPSO Modules

In 15 minutes, find out the new developments of extreme heavy lifting and SPMT works used on offshore module yards through 3D animations and videos.

Dirk Verwimp, Global Account Manager, Sarens Australia

11:10 AM FPSO Financing for 2015 and Beyond: The Outlook from a Financier’s Perspective

Joachim Skorge , Managing Director, Investment Banking, DNB BANK ASA

Mattis Hystad , Fixed Income Origination, DNB markets, DNB BANK ASA

  • How has the current oil price impacted FPSO financing for both operators and contractors?
  • Assessing the state of the FPSO market in 2015 and beyond: Industry restructuring and reshuffling?
  • Understanding the biggest risks in FPSO financing from a bank’s perspective: counter-party risks
  • Reviewing the future for project finance for the next three years
Joachim Skorge
Managing Director, Investment Banking
DNB BANK ASA
Mattis Hystad
Fixed Income Origination, DNB markets
DNB BANK ASA

11:40 AM Balancing Safety and Business in a Challenging Market: Taking the Offshore Industry to the Next Safety Level

Ernst Meyer , Executive Vice President, Offshore Classification, DNV GL

Over the last ten years costs for offshore production and development have gone up radically, while the production rate has not increased in the same rate. And now we also have a substantial drop in the oil price.

  • These factors combined are rightfully causing an environment in the FPSO industry and for the offshore industry in general where the focus on costs and optimization is very high
  • FPSO projects are being postponed and cancelled while the drilling market is also suffering
  • In times like this we need to think in new ways to adapt to the new market conditions, however safety is one of the areas where the stake holders and the society as a whole will not accept any compromise
Ernst Meyer
Executive Vice President, Offshore Classification
DNV GL

12:10 PM FPSO Contractor Power Panel: FPSO Contractor Strategies and Perspectives

Eirik Barclay , CEO, Yinson Production

Chris Brett , President, Teekay Petrojarl

Ivan Replumaz , Special Projects Director and Former Managing Director, SBM Malaysia, SBM Offshore

Puneet Sharma , VP Atlantic FPSO Development Group, MODEC

This panel discussion will involve senior executives from the leading vessel owners and contractors as they discuss the biggest issues pertaining to the FPSO industry today. Topics discussed will include:

  • FPSO market consolidation and competition
  • Sustainable FPSO contracts and bankability of projects
  • Do FPSO contractors need to further diversify in order to add value to the supply chain?
  • Forecast of the FPSO market from 2015-2017
Eirik Barclay
CEO
Yinson Production
Chris Brett
President
Teekay Petrojarl
Ivan Replumaz
Special Projects Director and Former Managing Director, SBM Malaysia
SBM Offshore
Puneet Sharma
VP Atlantic FPSO Development Group
MODEC
Technical Presentation in The Vessel During Lunch

13:00 - 13:20

Living on the Edge — A Specialist View on Offshore Life, Ship Accommodations and Platform Living Quarters

Peter van der Bogt, Business Development Director, CKT Projects

1:40 PM Design Considerations for FPSO Redeployment

Noel Denton , General Manager, Penspen

This session will focus on the fundamental design issues and challenges when considering an FPSO for potential redeployment. The session will touch on a number of technical considerations that must be addressed in order to achieve a successful redeployment. This will be based on various project examples.
Noel Denton
General Manager
Penspen
  • Understanding the challenges in corrosion control for FPSOs with over 10 years life cycles
  • Evaluating the current coatings in the market—How effective are they beyond 5 years?
  • Understanding the importance of selecting the right coating for your FPSO
  • Analysing how corrosion protection affects your overall lifecycle cost
Luc Lam Thanh
Material Section Leader
SBM Offshore

This session will provide delegates with a varied perspective on common contracting issues in the FPSO sector—drawing experience from various stakeholders including oil companies, FPSO contractors, shipyards and EPCs. The session will provide delegates with an interactive experience as these various stakeholder groups will be given simulated scenarios before practical solutions based on previous case studies will be shared.

Raja Bose
Administrative Partner
K&L Gates

1:40 PM Curtailing CAPEX for FPSO Projects: Revisiting the Concept of Value Engineering

KC Gupta , Project Manager, Special Projects, Bumi Armada

  • How do we classify what is required/essential vs. what is not in the engineering phase?
  • Revisiting contract arrangements: What can we do from an engineering perspective?
  • Analysing the strategies to reducing inefficiencies in the engineering phase
  • Reviewing how vessel contractors can curtail unnecessary CAPEX through value engineering
KC Gupta
Project Manager, Special Projects
Bumi Armada
  • Highlighting the quantitative benefits of steam boilers
  • Analysing successful case studies of ongoing FPSO projects with steam boilers
  • Comparing the different benefits of low pressure and high pressure steam boilers in terms of fuel efficiency, OPEX and space requirements
Richard Price
Technical Director
HAMWORTHY COMBUSTION

2:05 PM Corrosion Integrity for FPSO Fleets

Toby Stein , Upstream Oil & Gas Market Manager, AkzoNobel

Today owners and leasers of FPSO look to ensure coating systems are aligned to the design lives and operations expectations of asset. The future of the FPSO market is healthy and coatings will continue to be an integral part of their design feature. The industry is looking to increase value from suppliers. One such area is an ability to reduce OPEX. This paper will discuss some lessons from 20 years in the industry along with new solutions addressing topics such as the reduction of OPEX.

Toby Stein
Upstream Oil & Gas Market Manager
AkzoNobel

2:05 PM Development of FPSO Projects through Evolving Technology

Matt King , VP Business Development, Asia Pacific, NOV Floating Production Systems

  • Case for Evolving FPSO Technology
  • Turret Moored FPSO Designs
  • Spread Moored FPSO Designs
Matt King
VP Business Development, Asia Pacific
NOV Floating Production Systems

2:30 PM The Ins and Outs of Powering an FPSO: A Technical Case Study

Stig Bøtker , Director- Solutions, Wärtsilä Corporation

  • Defining the optimal powering configuration
  • Working out a cost-benefit analysis with the owner/operator
  • Is it better to go with an integrated or isolated approach?
  • Evaluating the impact of weight and size
  • Overcoming challenges across the life cycle: Delivery, commissioning and operation
Stig Bøtker
Director- Solutions
Wärtsilä Corporation

2:30 PM Enhancing Hull Structural Integrity for Existing FPSO Assets

Dmitry Sadovnikov , Principal Naval Architect, Woodside Energy

  • Highlighting the challenges in maintaining structural integrity for aged assets
  • Incorporating design life extensions for hull and mooring systems
  • Analysing the latest technological solutions for monitoring hull stresses and mooring tensions
  • Optimisation of cyclone evasion for disconnectable FPSO assets
  • Providing a case study on enhancing hull structural integrity for existing aged FPSOs
Dmitry Sadovnikov
Principal Naval Architect
Woodside Energy

2:30 PM The Export Finance Opportunity- Enhancing Funding Structures in Volatile Markets

Harm Hauke Ross , Vice President, Origination and Structuring, Maritime Industries, KfW IPEX-Bank GmbH


Harm Hauke Ross
Vice President, Origination and Structuring, Maritime Industries
KfW IPEX-Bank GmbH

2:30 PM Panel Discussion: Ensuring Successful Project Delivery from Concept to Commissioning—Highlighting the Importance of Getting Inputs from all Stakeholders

Don Raith , FPSO Deliver Manager, Premier Oil

KC Gupta , Project Manager, Special Projects, Bumi Armada

Curtis Lohr , Stones Project Manager, Shell Offshore Inc

  • Aligning Business vs Operational Realities
  • Key Communication between oil company, vessel contractor, shipyard and EPCs
  • Best practices in successful project management to ensure project delivery
  • Quality, Costs and Schedules—Do we need to compromise one?
Don Raith
FPSO Deliver Manager
Premier Oil
KC Gupta
Project Manager, Special Projects
Bumi Armada
Curtis Lohr
Stones Project Manager
Shell Offshore Inc

2:55 PM Update on the Ind.RB211 for FPSOs: Achieving both Capex and Opex Cost Savings

Thomas Scarinci , Head of Engineering, Core Engineering, Siemens Canada Limited

This session focuses on two areas for the RB211 gas turbine: Firstly the experience gained from the design and operational aspects of gas turbines in offshore applications and, secondly, the dynamics of the offshore floating market. These two areas will be brought together to explain the development and launch an updated floating production specific variant of the RB211, the GT30. Focus will also be given to availability and downtime reduction considerations.

Thomas Scarinci
Head of Engineering, Core Engineering
Siemens Canada Limited

2:55 PM Mooring System Integrity: An Offshore Installation Contractor Perspective

Michiel Schoenmaeckers , Category Manager FPS T&I, Boskalis

Kees-Jan Vermeulen , Technical Manager, Boskalis

This session will highlight the challenges involved in a typical mooring replacement project, including productivity, safety systems, organizational culture, rejection criteria and availability of spare parts. The session will emphasise that successful replacement, inspection and maintenance of a mooring system during operations boils down to a key partnership with owners, operators and all stakeholders. This session will also provide recent successful projects as case studies.

Michiel Schoenmaeckers
Category Manager FPS T&I
Boskalis
Kees-Jan Vermeulen
Technical Manager
Boskalis

2:55 PM Overcoming FPSO Financing Challenges in Asia Pacific: A Country-Specific Guidebook

Travis Maurer , First Vice President, Investment Banking Asia, Sumitomo Mitsui Banking Corporation

Travis Maurer
First Vice President, Investment Banking Asia
Sumitomo Mitsui Banking Corporation

2:55 PM Trends and Requirements for Future Swivel and Fluid Transfer Technologies

Per Skiftesvik , Sales Manager, OneSubsea

  •  Deeper waters
  •  Longer tie-backs
  •  Harsh environments
  •  Arctics
  •  High capacities
  •  High Pressures for gas and water Injection
  •  High temperatures
  •  Early Well Testing (EWT) with HP gas re-injection
  •  High voltage power supply and controls – subsea processing
  •  Very high voltage power supply; power-from –shore
Per Skiftesvik
Sales Manager
OneSubsea
Technical Presentation in The Vessel

15:35 - 15:50

Make Helicopter Commuting Safe — It is the Leading Killer in Oil and Gas Accidents!

In 15 minutes, find out the latest standards and regulatory changes by Civil Aviation Authorities and Energy Institute to make your commuting by helicopters to and from FPSOs safer

Esham Salam, President, Protankgrüp

15:50 – 16:10

A Detailed Contractor’s Perspective on IRM Campaigns Related to the Mooring System of FPSOs

Kees-Jan Vermeulen, Technical Manager, Boskalis

3:50 PM Developing Water Treatment Solutions for Offshore Applications

Dr. Mourad Ben Boudinar , Technical Support Manager, Veolia

  • Discussing the latest applications and solutions in membrane treatments
  • Analysing the advancements in deaeration and what this means for water treatment for FPSOs
  • Reviewing the future of water treatment and potential innovative solutions
Dr. Mourad Ben Boudinar
Technical Support Manager
Veolia

3:50 PM Panel Discussion: Analysing Lifecycle Costs for Hull and Topsides Coatings and Hull Steel Protection for FPSOs

Dmitry Sadovnikov , Principal Naval Architect, Woodside Energy

Judi Soetjahjo , Technology Development Manager, SBM Offshore

Toby Stein , Upstream Oil & Gas Market Manager, AkzoNobel

This panel will look at the growing maintenance costs to combat corrosion issues for hulls and topsides. When examining overall lifecycle costs, the cheapest coating solution on the outset may not always be the most optimal one and this panel will review the latest technological advancements while analyzing the most cost-effective way to protect hull and structural integrity for FPSOs ranging from seven to twenty and more years.

Dmitry Sadovnikov
Principal Naval Architect
Woodside Energy
Judi Soetjahjo
Technology Development Manager
SBM Offshore
Toby Stein
Upstream Oil & Gas Market Manager
AkzoNobel

3:50 PM How will the Low Oil Price Affect FPSO Contracting and Execution?

Dave Hartell , Senior Development Manager, Sea Lion, PREMIER OIL

Stuart Wheaton , UK Business Unit Manager, Premier Oil

Raja Bose , Administrative Partner, Administrative Partner

Hans Frederik Jørgensen , Commercial Director, Teekay Offshore

This panel will bring together various stakeholders from oil companies, FPSO contractors, and financiers to discuss the implications of the drop in the price of oil and what this means for future FPSO financing.

• Can FPSO contractors work with oil
operators to bring down costs and
make projects profitable
• Leveraging on the expertise and
experience of the vessel contractor
• Ensuring FPSO contracts remain
bankable—Ensuring clauses and
guarantees in contracts
• Reviewing the landscape for FPSO
projects over the next three years
Dave Hartell
Senior Development Manager
Sea Lion, PREMIER OIL
Stuart Wheaton
UK Business Unit Manager
Premier Oil
Raja Bose
Administrative Partner
Administrative Partner
Hans Frederik Jørgensen
Commercial Director
Teekay Offshore

3:50 PM Advantages of Early Fatigue and Strength Assessment in Conversion FPSO projects

Oskari Jaakkola , Director, Offshore, DELTAMARIN

As modern tanker hull structures are generally highly optimized and have substantial amounts of high tensile steel and low plate thicknesses, fatigue and strength issues often cause delays and cost overruns in conversion FPSO projects. The risk of unwanted surprises can be mitigated by properly assessing the strength and fatigue properties of the candidate hull early in the project.
This session will focus on how early phase assessment can also facilitate candidate hull selection and mitigate the risk of structural failure during FPSO operations.

Oskari Jaakkola
Director, Offshore
DELTAMARIN

4:15 PM Panel Discussion: Power Generation and Optimal Configuration to Achieve both Capex and Opex Savings

Richard Harvey , Director- Solutions, Siemens

Stig Bøtker , Director- Solutions, Wärtsilä Corporation

Richard Price , Technical Director, HAMWORTHY COMBUSTION

Richard Harvey
Director- Solutions
Siemens
Stig Bøtker
Director- Solutions
Wärtsilä Corporation
Richard Price
Technical Director
HAMWORTHY COMBUSTION

4:15 PM Long-Term Integrity of FPSO Mooring Systems

Arun Duggal , Director of Research and Development, SOFEC Inc.

  • High level overview of industry experience available in the public domain
  • Identification of degradation and failure modes based on past experience
  • Assessing the impact of mooring system degradation and/or failure success factors involved?
  • Inspection of mooring systems to evaluate integrity and remaining life
  • Designing systems for improved integrity and providing examples from case studies
Arun Duggal
Director of Research and Development
SOFEC Inc.

4:15 PM Speed to Market: Ensuring your FPSO project is Delivered on Time and on Budget

Brian Cameron , General Manager- Southeast Asia, SNC-Lavalin

In today's unsettled markets and with the continued decline in oil prices the delivery schedule and CAPEX efficiency of projects is of even greater importance.  Is our industry prepared to adopt a ‘Fit for Purpose’ approach for its commercial advantage that doesn’t compromise performance, HSE or Quality.

Market conditions and drivers
Design expectations & efficiency
The challenges 
Schedule efficiency 
Can the industry accept a ‘Fit for Purpose’ approach?

Brian Cameron
General Manager- Southeast Asia
SNC-Lavalin

4:40 PM Implementing an Effective Management System to Enhance Asset Integrity for Aged and Existing FPSOs

Peter O Toole , Group/TEN Operations Integrity Lead, Tullow Oil


Peter O Toole
Group/TEN Operations Integrity Lead
Tullow Oil

4:40 PM Focus on Brazil: Offshore Investment Opportunities in Brazil, Regulatory Framework and Overcoming Challenges in Local Content

Jose Paulo Pontes , SVP Business Development, Offshore Class, DNV GL MARITIME SOUTH AMERICA

  • Highlighting recent development opportunities for Brazil: Understanding the regulatory framework for FPSO projects
  • Tackling the biggest issues for project delivery and operations: Local content and infrastructure
  • Reviewing recent FPSO successful project orders in Brazil: What were the success factors involved?
  • Reviewing the future for FPSO opportunities in Brazil
Jose Paulo Pontes
SVP Business Development, Offshore Class
DNV GL MARITIME SOUTH AMERICA

4:40 PM Project Collaboration-- Improving Project Execution

Steve Sullivan , Vice President Oil & Gas, Aconex

Off shore projects are complex and
involve many project participants
dispersed across the globe as such
face challenges with coordination
and ensuring all parties are able
to communicate eff ectively in this
complex environment.

The modular execution approach
combined with the compressed
timeframe and evolving technology
means that timely management of
information, oversight of progress and
management of project interfaces is
paramount.

Aconex will take you through the latest
trends and approaches to collaborating
and providing project oversight on
complex projects within the O&G sector
and how these contribute to improved
project execution.
Steve Sullivan
Vice President Oil & Gas
Aconex

5:10 PM Closing Keynote: Signposts to Guide the FPSO Market Beyond 2015

Jeffrey Sim , Former CTO of, Yinson Production

  • Formulating your business strategy for 2015: Oil price forecast, reducing CAPEX and cost-efficient OPEX
  • Understanding the implications of cutting oil exploration and production today: Future shortage in energy supply?
  • Analysing the steps forward for the industry to weather the storm in 2015 and beyond
  • Reviewing the future for FPSO contractors in an increasingly consolidated market
Jeffrey Sim
Former CTO of
Yinson Production

All delegates are invited to join us for the Annual FPSO World Congress Cocktail Reception proudly hosted by Bureau Veritas. 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

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