Assembly Day One
Monday 4th December 2017
07:30 Registration and Networking Breakfast
08:35 - 09:00
Opening Keynote Address: A State of the Industry Review
A macro overview of the industry in 2017 and outlook for 2020, this address will outline key developments over 2017. Looking forward it will consider the supply-demand position into 2020 as well as critical factors that may come to the fore in the coming 12 months affecting company strategies and the industry as a whole.
09:00 - 10:10
Panel Discussion: IOCs: Developing an Organisation that is Fit for the Future
With oil prices at or below investment threshold, what is the strategy of the industry’s major players? Has 2017 seen the beginning of growth and development, moving beyond continued adaptation to the ‘lower for longer’ environment, and how do IOCs adapt to the changing energy landscape in 2018 and beyond, ensuring they are fit for the future?
- Marc Gerrits, EVP Exploration, Shell
- Moderator: Paul Griffin, Senior Adviser & Council, Oil & Gas, White & Case
10:10 Networking Break
10:55 - 11:25
In Conversation: Beyond the Impact on Oil Price, How will Shale OIl & Gas Production Continue to Impact the Oil & Gas Markets Globally?
The shale industry in the US continues to impact the global market with its ability to develop new technologies, reduce costs and increase efficiency allowing it to compete in the sub $55/barrel world which renders billions of barrels more economically viable when compared to deepwater.
11:25 - 12:30
Surviving or Thriving? Strategic Models for Real Value Creation within Leading Global Independents
With no full market recovery on the immediate horizon, the business models of the industry’s independents are varied and their effectiveness is critical to continued success. As explorers uncovering the newest discoveries or as aggregators of later-life assets, independents are key players in the next phase of the industry cycle but they face major challenges in the current climate.
- Karl Johnny Hersvik, Chief Executive Officer, AkerBP
12:30 Networking Lunch
Cost Reduction & Technology
14:00 - 15:00
With great demand to reduce costs and increase efficiency over the last few years, the oil field service sector has faced extreme challenges, how have they adjusted their operating models and relationships with customers?
Corporate Development & Financing
14:00 - 15:00
Early 2017 has seen increased activity on the part of Private Equity but what has created the environment for this increase and how will this develop in 2018? What is the appetite for risk and investment across regions and the various development phases of oil and gas assets?
15:00 - 16:00
With depressed oil prices the need for a cultural and structural realignment across the oil and gas industry has been clear. As the ‘lower for life’ environment seems to be accepted and necessary adjustments made, what has been learned and are these cost reductions sustainable?
15:00 - 16:00
The last few months have seen a number of sizeable deals however volume is down on pre-downturn figures with the last two years seemingly displaying a disconnect between sellers and potential buyers. Have we turned the corner and will M&A in the coming years change the face of the oil and gas industry?
16:00 Networking Coffee Break
16:30 - 17:45
Digitalisation and AI have for some time offered significant benefits to the oil and gas industry but uptake has been slow, for a number of reasons ranging from costs, an analogue mentality and operational, implementation challenges. These 15-minute case studies will provide insights into the future of the oil and gas industry, one of increased knowledge, understanding, efficiency and more.
16:30 - 17:45
Access to financing remains a constant challenge for the industry with public markets still largely closed, and other traditional finance sources not forthcoming with capital.
17:45 Evening Drinks Reception
19:30 Leader’s Dinner (By Invitation Only)
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