Noia Oil & Gas Conference 2016 DAY ONE: Tuesday, June 21

Transcription

1 Noia Oil & Gas Conference 2016 DAY ONE: Tuesday, June 21 8:00 a.m. Keynote Opening Honourable Dwight Ball, Premier of Newfoundland and Labrador Session One Global Outlook / Economic Perspective The oil & gas industry is a cyclical one that requires a long-term view. This informative session will see speakers discuss the impact current oil prices are having on global markets now, where they are trending, and what it all means for Newfoundland and Labrador. 8:30 a.m. Presentation of the 2016 Edition of the BP Statistical Review of World Energy Mark Finley, General Manager, Global Energy Markets & U.S. Economics, BP The BP Statistical Review of World Energy provides high-quality, objective and globally consistent data on world energy markets. The review is one of the most widely respected and authoritative publications in the field of energy economics, used for reference by the media, academia, world governments and energy companies. Released on June 8, Mark Finley, General Manager, Global Energy Markets and US Economics with BP America, will present the review to Conference delegates. 9:10 a.m. Upstream Economics in the New Era David Barrowman, Vice President, Wood Mackenzie Wood Mackenzie Vice President, David Barrowman, will deliver an informative session focusing on upstream economics in the new era. Specifically, he will provide an overview of how the industry has responded to low oil prices, as well as discuss global upstream investment, project economics and break-even analysis. Delegates will also hear about how different governments have reacted to the drop in prices, as well as be presented with competing options for long-term growth. 9:30 a.m. ExxonMobil Canada Update Alex Guiscardo, President, ExxonMobil Canada ExxonMobil Canada is involved in exploration, development and production offshore Newfoundland and Labrador. Alex Guiscardo, President, ExxonMobil Canada, will share

2 ExxonMobil s global energy outlook, a high level overview of the company s worldwide activities, and provide a more detailed review of the company s activities and projects in Eastern Canada. 9:50 a.m. Q&A 10:10 a.m. Refreshment Break Session Two How is the world responding to current markets? The dramatic drop in oil prices since mid-2014 has had significant implications on oil producing jurisdictions worldwide. This session will focus on the responses and actions that have occurred in different jurisdictions and what these mean to the Atlantic Canada Offshore now and into the future. 10:40 a.m. Will we see a three digit oil price again? Will offshore still be competitive versus shale? Audun Martinsen, Vice President, Rystad Energy Auden M. Martinsen, Vice President for Analysis at Rystad Energy, will speak to delegates about the future of oil prices and the competitive outlook of offshore versus shale oil. His presentation will cover the global supply and demand balance of liquids; supply by shale, offshore, and conventional onshore oil; demand by region; the cost of supply, as well as the effect for offshore spending and oilfield service purchases. 11:00 a.m. Husky Energy Atlantic Region Update Malcolm Maclean, Senior Vice President, Husky Energy Malcolm Maclean, Husky Energy s Senior Vice President, Atlantic Region, will provide delegates with an overview of his company s activities in the Atlantic Region. 11:20 a.m. Canada s Oil and Gas Industry: Staying Competitive Tim McMillan, President and CEO, CAPP Tim McMillan, President and CEO of the Canadian Association of Petroleum Producers, will provide delegates with an overview of Canada s oil & gas industry currently, as well as detail the status of various sectors in light of today s commodity prices. Mr. McMillan will also discuss how the industry is changing and innovating to adapt to current price instability with a focus on the challenges, general benefits and strengths and innovation specific to Atlantic Canada. 11:40 a.m. Q&A 12:00 p.m. Day One sessions conclude Day One Luncheon

3 12:45 p.m. Pre-Luncheon Networking 1:15 p.m. Keynote Speaker Fair Game: My Life as a Spy, My Betrayal by the White House Valerie Plame, Outed CIA Operations Officer, Best-Selling Author of Fair Game & Blowback As a covert CIA Operations Officer, Valerie Plame worked to protect America s national security and prevent the proliferation of mass destruction. In 2003, without warning, she found herself at the heart of a political firestorm when senior White House and State Department officials revealed her secret status to several national journalists, including a syndicated conservative newspaper columnist who published her name. Since her covert identity was compromised, Plame has become a public advocate and respected authority on issues of national security, nuclear proliferation, and politics. Her outing has played a central role in the country s turbulent struggle to redefine the first amendment and the right to privacy. As our opening day Keynote Luncheon speaker, Ms. Plame will share with conference delegates her incredible story as a true patriot, undercover spy and national figure.

4 Noia Oil & Gas Conference 2016 DAY TWO: Wednesday, June 22 8:00 a.m. Special Message Mayor Naheed Nenshi, Mayor of Calgary 8:05 a.m. Global Project Efficiency at Statoil Paul Fulton, President, Statoil Canada Ltd. Statoil Canada President, Paul Fulton, will speak to Statoil s experience working collaboratively in jurisdictions around the world to identify and develop innovative solutions to improve efficiency and move development projects towards viability in a challenging and volatile cost environment. Session Three Panel Discussion: Adapting to Global Change: Lessons Learned from Different Jurisdictions The past few years have been ones of change and adaptation in the global offshore sector. New technology development has allowed the industry to venture deeper and to more remote areas of the globe, while mature areas like the North Sea have focused on improving recovery and enhancing traditional basins. The industry has also faced cost constraints amplified by challenging world oil prices. During this engaging panel discussion, we will hear from experts on how global developments have impacted how they do business as well as the perspective of senior representatives from other jurisdictions and the global industry. 8:25 a.m. Moderator: TBA 8:30 a.m. Efficiency Task Force: Cooperating to Compete Stephen Marcos Jones, Director of Business Excellence, Oil & Gas UK Stephen Marcos Jones drives the industry-led Efficiency Task Force, which was launched in 2015 with the aim of creating a sustainable industry in a lower oil price world. Mr. Jones will bring to this engaging panel discussion a presentation on the case for change and the concept behind the Efficiency Task Force. He will also provide an overview of the Task Force s initiatives and outcomes.

5 8:45 a.m. Innovation in Cost Constrained Times Peter Bjerager, Executive Vice President, Oil & Gas Americas, DNV-GL DNL-GL s Peter Bjeranger will offer information on how companies prioritize innovation under cost pressure, as well as discuss innovation through collaboration; standardization as the new innovation; risk based selection of standards; and project replication and repeat-execution. 9:00 a.m. Focused Norwegian Strategy to Support Technology Development and the Internationalisation of the Industry Håkon Skretting, Regional Director, INTSOK, The Norwegian Oil & Gas Partners Håkon Skretting, Regional Director for INTSOK, will present an overview of the national and international achievements of the Norwegian oil & gas industry, INTSOK s Arctic and Cold Climate Solutions Project, and the Norwegian government s programs for research and technology development, which include OG21, the country s national petroleum technology strategy; DEMO 2000, an initiative to ensure long term competitiveness in the oil & gas business and continued profitable development of the petroleum resources of the Norwegian Continental Shelf; the National IOR Centre; and the country s three Global Centres of Expertise (Drilling, Subsea, Maritime). 9:15 a.m. Subsea Projects in the North Sea Lessons For Canada Knut Boe, President, North Sea Canada, Technip Technip s Knut Boe, President, North Sea Canada, will present to delegates an overview of the mature North Sea market and discuss the key challenges and emerging trends in the current low price environment. He will discuss the importance of technology in unlocking opportunities, applicability of learnings to Canada and opportunities for improvement in Canadian operations. 9:30 a.m. Q&A and Panel Discussion 9:50 a.m. Refreshment Break Session Four Bridging the Gap: What are the current opportunities in the Jeanne d Arc Basin? Since 1997, operators have produced nearly 1.5 billion barrels of oil from the Jeanne d Arc Basin. Although this is more production than originally predicted, advances in science, technology and empirical knowledge in the area show that there are still small and possibly large fields to produce in the basin. Further, as some of these fields have been developed as subsea completions in order to be economically viable, it is still possible to increase production from these wells with current workover technology. This session will explore the possibility of increasing the production life of new and aging fields in the Jeanne d Arc Basin by maximizing recovery techniques.

6 10:20 a.m. Review of Developments in the Jeanne d Arc Basin Jeff O Keefe, Director of Resource Management & Chief Conservation Officer, C-NLOPB The C-NLOPB s Jeff O Keefe will discuss the developments that have taken place in the Jeanne d Arc Basin and that, while production has exceeded initial expectations over the past 20 years, each operator faces challenges/issues that are unique to their field and development. Further, he will review the new technologies that have emerged in the past 10 years which have played an important role in each field. This presentation will also focus on each development project s potential upside opportunities to maximize recovery beyond their initial approval, as well as the new areas that could lead to continued growth in the basin. 10:40 a.m. Integrity Management on the SeaRose FPSO Ken Dyer, Vice President, Operations, Atlantic Region, Husky Energy The ageing of offshore assets is a key focus for industry and regulators alike. After more than 10 years of production offshore Newfoundland and Labrador, the SeaRose FPSO continues to operate with facility uptimes in the high 90s. Ken Dyer, Husky Energy s VP Atlantic Region Operations, will discuss the asset integrity systems and procedures that helped generate this enviable track record, and what Husky is doing to ensure the SeaRose and other assets at the White Rose field continue to operate safely for the next ten years and beyond. 11:00 a.m. Mono-hull Light Well Intervention Assets and Capabilities Neil Greig, Senior Project Engineer / Sales Manager, Helix Well Ops (UK) Ltd. Sales Manager for Helix WellOps UK, Neil Greig s session will discuss the evolution of riserless intervention. His presentation will provide an overview of typical vessel design and well control equipment. He will also discuss the associated services and efficiencies. 11:20 a.m. Terra Nova Suncor Energy Brent Janke, Vice President, East Coast Operations, Suncor Energy Brent Janke, Vice President East Coast Operations with Suncor Energy, will provide delegates with an update on the Terra Nova project. 11:40 a.m. Q&A 12:00 p.m. Day Two sessions conclude Day Two Luncheon 12:45 p.m. Pre-Luncheon Networking

7 1:15 p.m. Keynote Speaker Counter-Activism: How the Canadian Oil & Gas Industry Can Create a Breakthrough Vivian Krause, Financial Post Contributor Called the The Girl Who Played with Tax Data, National Post contributor Vivian Krause will deliver an engaging and informative keynote presentation to Conference delegates. Ms. Krause s research has generated over 100 media stories, capturing the front page of both the National Post and the Globe and Mail. Her insightful presentation will present a unique view of how environmental activism has become a new form of economic protectionism.

8 Noia Oil & Gas Conference 2016 DAY THREE: Thursday, June 23 8:00 a.m. Keynote Opening Honourable Siobhan Coady, Minister of Natural Resources Session Five Technology & Innovation: Is it the key to greater operational efficiency? The pressure to reduce capital costs and improve operational efficiency has never been greater. Achieving this while maintaining acceptable safety levels will require innovative solutions. With growing availability and application of real time monitoring, big data collection, and associated analytics, the strategic use of technology presents a very real opportunity. This session will explore the idea of how technology-based integrated operations may evolve our operational environment. We will also hear about the challenges and opportunities of turning technology R&D into a commercial success. 8:30 a.m. Statoil Operations Update Gisle Stjern, Vice-President, Statoil Canada / Ørjan Birkeland, VP Exploration Canada, Statoil Canada Gisle Stjern and Ørjan Birkeland will present an update on Statoil Canada s ongoing plans and activities in the frontier Flemish Pass Basin, offshore Newfoundland. Since late 2014, Statoil has undertaken an exploration drilling campaign to further build knowledge of the Flemish Pass and the company s 2013 Bay du Nord discovery. 8:50 a.m. Achieving Operational Excellence through an Integrated Operations Model Trond Bendiksen, Director, Centre of Excellence, Upstream Oil & Gas In light of sustained low prices, aging assets and harsh operating conditions, the innovation imperative for the Newfoundland and Labrador offshore sector has never been clearer. Integrated operations (IO) seeks to integrate people, processes and technologies to improve cross-functional collaboration and decision-making. While IO is a well-established and proven concept, it is a relatively new idea for the local offshore industry. IO has the potential to improve the sustainability and competitiveness of the offshore sector through improved asset productivity, reduced operating costs, improved safety performance and enabling research and development. And while adopting IO requires a shift from functional to process-oriented organizations and an evolution in the relationship between operators and

9 suppliers, these challenges can be mitigated through careful planning and effective change management. 9:10 a.m. Technology R&D Challenges and Opportunities for SMEs Stephen Hale, Director of Sales, Marketing and R&D Business Development, Rutter Stephen Hale, Rutter Inc s Director of Sales, Marketing and R&D Business Development, will provide an overview of how Rutter Inc., as a small-medium enterprise (SME), engages in technology and commercialization focusing on undertaking long-term research to address operational issues; leveraging research partnerships to augment internal resources; and addressing needs from multiple industries to diversify product portfolios and lessen the impact of industry downturns. Mr. Hale s presentation will also describe Rutter s participation in standards activities to develop and discover areas of opportunity, as well as maintaining R&D flexibility to address short and medium-term opportunities. 9:30 a.m. Q&A 9:50 a.m. Refreshment Break Session Six Future of Exploration: Assessing Newfoundland and Labrador s frontier basin potential Newfoundland and Labrador s frontier areas are being surveyed by some of the largest exploration seismic and geoscientific survey programs ongoing in the world. In this session, we will examine the early insights from these large scale survey programs on the potential oil & gas prospectivity of our under-explored frontier basins. We will also look at the metocean conditions that exist in these frontiers, the type of drilling rigs that are required to access these regions, and examine the facility design concepts that would be employed to produce future discoveries from our frontier basins. 10:10 a.m. Early Insights: Emerging plays and prospects in Newfoundland and Labrador's offshore basins Richard Wright, Manager of Exploration, Nalcor Energy As Nalcor Energy s Manager of Exploration, Dr. Richard Wright will provide a brief review of Nalcor's exploration strategy as well as an overview of ongoing geoscience data programs to assess the province s frontier regions. He will also discuss emerging plays and prospects in the Newfoundland and Labrador offshore from the new data programs and comparison to global analogues, as well as provide insights into the basin trends and prospects for the upcoming 2016 offshore license round. 10:30 a.m. Context is everything environmental characterization to manage uncertainty and risk Charles Randell, C-CORE

10 Historical and current information on the metocean environment of an operational area assists in identifying optimal operational windows and developing plans that minimize downtime and manage operational risk. C-CORE was contracted to do a regional Metocean Study for offshore NL in Dr. Randell, C-CORE President and CEO, will speak to delegates about the interesting findings of this study, particularly the conditions in the deep-water sedimentary basins off the Labrador Shelf. 10:50 a.m. Historical Review of Drill Performance Offshore NL Michael Critch, President & CEO, NSB Energy For 50 years, companies have been drilling for oil & gas offshore Newfoundland and Labrador. How did we do it? How did we perform? NSB Energy Consulting has recently completed a study of our historical drilling performance to complement the work being done by Nalcor Oil and Gas. Michael Critch, NSB Energy CEO, will provide an overview of this study along with insight into how wells were drilled in all regions offshore Newfoundland and Labrador since He will also discuss some of the milestones achieved, successes had, and challenges encountered such as weather and ice. A region-by-region comparison of drilling performance will help us better understand how success is best achieved offshore Newfoundland and Labrador. This presentation will also highlight the capabilities of the rigs used in a global context and even the impact of technology on drilling performance. 11:10 a.m. Design Concepts for Harsh Conditions Knut Egil Pedersen, Vice President, Front End, Kvaerner Kvaerner s Vice President Front End, Knut Egil Pedersen, will present to conference delegates about the many design concepts specific to harsh conditions. His informative session will focus on a number of harsh weather design solutions, including arctic, floating and fixed solutions. 11:30 a.m. Evaluating Market Opportunities Patrick McVeigh, Senior Vice President, Global Exploration and International Developments, Nexen Energy CNOOC-Nexen is a new entrant in Newfoundland and Labrador s offshore industry following its success in the 2015 license round. From the perspective of one of the industry s most successful exploration companies in 2015, Mr. McVeigh will describe what CNOOC-Nexen looks for when considering entering new markets, outline why Newfoundland s offshore is considered a promising new opportunity and provide lessons and perspectives from other jurisdictions around the world that are integral to long-term success. 11:50 a.m. Q&A 12:10 p.m. Day Three sessions conclude

11 Day Three Luncheon 12:45 p.m Pre-Luncheon Networking 1:15 p.m. Keynote Speaker Don't Panic: ISIS, Terror, Oil and the New Middle East Gwynne Dyer, Author, Historian and Independent Journalist A native of Newfoundland and Labrador, Gwynne Dyer has worked as a freelance journalist, columnist, broadcaster and lecturer on international affairs for more than 20 years. Delegates will have the opportunity to hear from Mr. Dyer in what is sure to be an intriguing and thought provoking keynote address "Don't Panic: ISIS, Terror, Oil and the New Middle East".