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Agenda Overview

Day One: Thursday, March 15, 2018

8:15AM Registration & morning refreshments
9:00AM Chairperson's opening remarks
Erwin Nederkoorn, Managing Director, ING Wholesale Banking
9:10AM Global offshore oil & gas market forecast: Are FIDs and project awards on their way?
  • Pervading sentiment seems to be that the market has bottomed out; to what degree is this true?
  • How low has breakeven reached, and is it sustainable?
  • Which geographies and production companies are set to provide the immediate pipeline of FIDs?
Lars Eirik Nicolaisen, Partner, Rystad Energy
9:35AM European offshore wind energy overview: Assessing the current state of play and how the source ties into the energy matrix
  • Where do capacity levels currently stand, and where are projects coming from?
  • Examining the advancement in the sector’s technology, project delivery and financing
  • Outlining the key participants as the market matures and consolidate
Jakob Bergvelt, Green Giraffe
10:00AM Adapting lending models to new market realities: Effects of the oil price crash and the new global energy scenario on the outlook for banks and other lenders

The audience will begin the session by voting on three issues. Panel members will then tackle the issues in their discussion, before a secondary audience vote at the end of the discussion. Will you change your mind?

  • How have banks altered lending models based on the oil price crash?
  • To what degree does restructuring remain the defining industry trend?
  • As FIDs and green shoots of recovery arrive, how willing are lenders to finance the oil & gas services sector?
  • What impact has the continued emergence of renewable energy, and particularly offshore wind, had on lenders’ offshore strategies?
  • Will companies who have avoided restructuring be rewarded with easier access to debt going forward?
  • How are non-bank lenders differentiating their solutions from banks?
Erwin Nederkoorn, Managing Director, ING Wholesale Banking
Kristian Flaten, Senior Vice President, Head Of Oil & Gas, Eksportkredit Norge AS
Mark Westley, Managing Director Head of Lng Shipping & Offshore, Societe Generale
Peter Boogers, Global Head of Energy Clients, ABN AMRO
Jan-Hein Jesse, Owner, JOSCO
10:45AM Morning refeshments & networking break, sponsored by Société Generale
11:30AM Exploring financing options outside of the commercial banks in the offshore energy space
Wilhelm Christian Magelssen, Partner, Pareto Project Finance
Eduard Ruijs, Managing Director, BlackRock
Viggo Pedersen, Senior Vice President, Offshore Merchant Partners
Andreas Hagen, Partner & Chief Financial Officer, North Cape Capital
12:15PM HMC Heerema: Introducing green financing to the offshore installation space
  • Identifying the key parties to a green financing, and aligning objectives to achieve accreditation
  • How does debt being ‘green’ affect investor appetite for it?
  • Examining the markets for green loans and green debt
  • How does green financing reflect on HMC’s objectives as a company?
Frans den Houter, Chief Financial Officer, Heerema Marine Contractors
12:45PM Lunch
2:10PM From threat to opportunity: How offshore wind is turning the heads of contractors and financiers previously wedded to oil & gas

Three 30 minute-long presentations on the burgeoning offshore wind space and its impact on companies traditionally associated with oil & gas, followed by a 15 minute-long joint audience Q&A

1. The Energy Transition from a bank’s perspective

2. Identifying the scale of the opportunity provided by offshore wind to the different offshore contractor classes

3. SBM Offshore: Applying expertise in floating offshore solutions to offshore wind

Frederik Colban-Andersen, Divisional Director - Offshore Renewables, Clarksons
Jordan Strik, Strategic Planning, SBM Offshore
Mark Sisouw de Zilwa, ING Upstream
4:00PM Coffee & networking break, sponsored by Société Générale
4:30PM Experiences of a Dutch company establishing itself in the Mexican market, and scrutinising the wider opportunities provided by energy reforms
5:15PM Cocktail Reception - sponsored by ABN AMRO

Day Two: Friday, March 16, 2018

8:30AM Morning refreshments
9:00AM Chairperson’s opening remarks
9:05AM FLNG funding: Experiences of an asset class establishing itself amongst financiers
  • Deciding to pursue the FLNG solution: Comparing the economics of liquefaction at sea versus onshore alternatives
  • Comparing the structures used to finance projects so far: What’s worked, what’ hasn’t?
  • How is the financing on offer for FLNGs evolving as projects become more prevalent?
  • Anticipating the impact of global gas demand increase on the market for liquefaction vessels
Elena Olevanova, Director Energy EMEA, ABN AMRO
Tor-Ivar Guttulsrod, Director FRSU & FLNG, American Bureau of Shipping
Douglas Wood, Chief Financial Officer, SBM Offshore NV
Andreas Hagen, Partner & Chief Financial Officer, North Cape Capital
Osman Ilyas, Director of Financing Treasury & Tax, Golar LNG
10:00AM Key considerations in the financing of FSRUs dedicated to LNG-to-Power projects
  • Overview of the FSRU market, including floating LNG-to-Power projects
  • Key lending considerations for FSRUs dedicated to LNG-to-Power projects
  • Additional risks & mitigants related to the ‘project-on-project’ nature of floating LNG-to-power
Thomas Bobrie, Vice Preisdent - LNG Shipping & Offshore Finance, Societe Generale
Pierre Carassus, Director, SGCIB
10:30AM Morning refreshments & networking break, sponsored by Société Generale
11:00AM Knocking down the barriers to decom: Innovation in processes and financing
  • Market snapshot: What levels of decommissioning have we seen in light of increasing numbers of projects reaching close of production?
  • Identifying the parties to a decommissioning, and outlining their respective liabilities
  • Assessing the current options on offer for the financing of decommissioning: Where is there room for innovation?
  • What role do government agencies currently play in decommissioning and its financing?
  • Exploring innovation in decommissioning technology
Tom Leeson, Interim Ceo, Decom North Sea
Erwin Lammertink, Vice President Commercial, AF Offshore Decom
12:00PM Staying afloat in production: Evaluating current market conditions and examining technological and financial evolution
  • Scrutinising the pipeline for new floating production projects
  • Tackling current obstacles to redeployment
  • How willing are FPSO owners to invest equity in production projects to get them underway?
  • Identifying and rectifying the current sticking points in the relationship between FPSO contractors and E&P companies
  • Key considerations for lenders looking to overcome concentration risk on certain counterparties
  • Introducing new capital to the FPSO space: Where are the potential investors, and what are their barriers to entry?
  • Examining the impact of ECA backing on the bankability of a project
  • What is attracting private equity investors and infra funds entering the FPSO space? Can we expect this trend to continue?
Moderator: Stephan Somitsch, Director & Sr. Relationship Manager, NORD/LB
Solveig Froland, Director Shipping, Yards, and Offshore Projects, GIEK
Oskari Jaakkola, Bumi Armada
Maarten van Aller, COO Floating Production, Petrofac
Reese McNeel, Managing Director, Sevan SSP AS
12:45PM Networking lunch & close of conference