Add to Calendar 2018-10-30 09:00:00 2018-10-31 13:00:00 Europe/Oslo 29th International Petroleum Tax Conference Scandic St. Olavs Plass, St. Olavs plass 1, 0165 Oslo Norsk Petroleumsforening 29th International Petroleum Tax Conference_2018-10-30 09:00:00
30. to 31. Oct 2018

29th International Petroleum Tax Conference

OSLO

The organising committee are pleased to welcome you to the
29th International Petroleum Tax Conference 30-31 October 2018 in Oslo.

We extend a warm welcome to delegates attending for the first time and appreciate the continuing support of those returning to the conference again this year. The 2018 conference will be the 29th since the inaugural event back in 1990. Since then the reputation of this conference has grown both domestically and, increasingly, overseas. The Oslo conference is now the leading such event in the Industry in terms of delegate numbers, quality and prestige of the presenters and breadth of the institutions/organisations they represent. This is only possible through the continuing support of the delegates, many of whom return faithfully each year; the organising committee is particularly grateful for this sustained commitment.

 

Although new exploration is continuing, the North Sea is now in a mature phase of its lifecycle and this year’s conference addresses the challenges and opportunities that brings. Reducing unit operating costs to maximise remaining production and decommissioning existing structures in a way that both meets environmental standards and is cost effective from the standpoint of investors and governments are the major challenges. The main opportunity lies in exploiting the first mover advantage that the maturity of the North Sea offers in terms of building expertise and experience in cost management and decommissioning that can be deployed in other basins around the world as and when they enter the same phase. Tax changes to reflect this new phase of the industry will be reviewed together with oil & gas tax trends generally. Last year we outlined possible scenarios for US tax reform and this year, with the Tax Cuts & Jobs Act now passed, we will take stock of what this means for the industry. We will also look at the latest tax plans of the EU in response to BEPS and the rise of the digital economy. Developments in tax technology that affect all of us will also be reviewed.  All of these issues will be addressed at the conference in presentations, panel discussions and networking opportunities.

 

Exhibitors:

 

      

Program

Tuesday 30. October

08:30

Registration/Coffee-tea

09:00

Opening and welcome by the chair

Stig Sollund, Director General, Ministry of Finance
09:10

Opening statement by Ministry of Finance: Norwegian Petroleum Fiscal Policy

Jørgen Næsje, State Secretary, Ministry of Finance
09:50

From the board room

Martin Rune Pedersen - VP for Denmark, Norway and The Netherlands, Total Upstream Denmark
10:30

Coffee/tea – networking break

11:00

Market update

Bjørnar Tonhaugen, SVP, Head of Oil Market Research, Rystad Energy
11:40

Challenges of a mature basin

Michael Tholen, Upstream Policy Director, Oil & Gas UK
12:20

Lunch

13:20

Global fiscal trends and a focus on Norway

Graham Kellas, Senior Vice President, Global Fiscal Research and Aleksandrs Popovics, Senior Petroleum Economist Europe, WoodMackenzie
14:20

Tax-regulations regarding decommissioning costs – An overview of the NCS system

Amund Noss, Partner, Kluge Law firm
14:50

Coffee/tea – networking break

15:20

Digital economy and the common consolidated corporate tax base (CCCTB)

Stef van Weeghel, Global Tax Policy Leader, PwC / Professor International Tax Law, University of Amsterdam
16:00

Decommissioning and other UK tax developments

Bob Cardno, Director, International Tax Services, Energy, Ernst & Young
16:40

End of session

18:30

Aperitif

19:00

Conference dinner

Dinner speaker: The Ambassador of France to Norway, Mr Jean-François Dobelle

Wednesday 31. October

08:00

Morning Meeting Place

09:00

Opening and welcome by the chair

Jim Robertson, JR Oil & Gas Limited
09:10

A Private Equity Perspective on NCS

Tushar Kumar, Partner, Kerogen Capital
09:50

US Tax Reform –outbound perspective

Guy Vanhoof, Senior Tax Counsel, ExxonMobil

US Tax Reform- inbound perspective

Matthew Landy, VP, Head of International Tax, Equinor
10:50

Coffee/tea – networking break

11:20

2017 Tax Assessment Issues

Heidi Golimo Simonsen, Director Tax Audit Department, The Norwegian Oil Taxation Office
11:50

Taxpayers speech

Jan B. Jansen, Attorney, BAHR Law Firm
12:20

Looking into the future: tax technology update

Joe Spadaro, VP Head of Sales Europe, Thomson Reuters- Tax & Accounting
12:55

Closing remarks by the chair

13:00

Lunch

Stef van Weeghel

Global Tax Policy Leader, PwC

Prof. Dr. Stef van Weeghel is PwC’s Global Tax Policy leader. He is also professor of international tax law at the University of Amsterdam.
Stef’s focus is on tax policy, strategic tax advice and tax controversy. He has extensive experience in cross-border transactions, structuring and dispute resolution. He regularly renders advice and second opinions to clients and to other advisers, on corporate income tax and tax treaty matters and is also consulted by the Dutch government on a regular basis. He acts as counsel and as expert witness in tax matters (for taxpayers and for governments) before Dutch and foreign courts and in arbitration pursuant to bilateral investment treaties and in commercial arbitration.
He was chair of the Permanent Scientific Committee of the International Fiscal Association (IFA) and is chair of the Board of Trustees of the International Bureau of Fiscal Documentation (IBFD).
In 2009/2010 he chaired the Study Group Tax System, a committee that advised the Dutch government on comprehensive tax reform. In 2000 he was a member of the Van Rooy Committee that advised the Dutch government on corporate income tax reform. Prior thereto he was member of a working group at the Dutch Ministry of Finance that worked on revision of the Dutch ruling practice. He also worked on the review of administrative practices in taxation for the European Commission. On various occasions he appeared as expert before the Finance Committees of the Second and First Chamber of the Dutch Parliament and he also appeared before the TAXE-Committee and the PANA-Committee of the European Parliament.
Stef is a frequent speaker at international conferences and authored more than 100 publications on international taxation.

Matthew Landy

VP, Head of International Tax, Equinor

Mr Landy has been working at the intersection of energy and finance for almost 30 years. A native of Atlanta, Georgia (USA), he is permanently based in Oslo, Norway, where he has been leading the international tax function at Equinor (formerly Statoil) for more than 10 years. As a PhD candidate in financial economics, Mr. Landy was a lecturer on derivative valuation and accounting, and researched on how equity markets respond to derivative reporting in the financial statements of medium and large publicly traded enterprises. As an active member of the Executive Committee of the ITIC Board of Directors, Mr Landy often supports capacity building as a lecturer on petroleum tax design in emerging or reforming jurisdictions. Mr Landy’s wife is a medical doctor, specializing in psychiatry. They currently reside in London with their three children and a large dog who loves distance running with his people.

Experience:
VP, Head of International Tax Equinor since Oct 2007
Head of Accounting Principles and Transaction Support, Norsk Hydro 2006-2007
Director, Enron Nordic Energy 2001-2004
Regional Manager, Enron 2001-2003
Director Enron 1998-2001
International Tax Manager, PWC, 1996-1998
Tax Consultant, Arthur Andersen 1994-1995
Sales and Project Manager, Nova International 1988-1992

Education:

BI Norwegian Business School, PhD (abd) 2008
Georgia State University, Masters, Taxation 1992-1994
American University, Masters, International Relations 1986-1988
Vanderbilt University, Bachelors, European History 1982-1885

Jim Robertson

JR Oil & Gas Limited

Jim Robertson B.Acc CA CTA FCMA was global head of oil & gas tax in Shell for 11 years. He is now a Senior Fellow of ITIC, a nonprofit research & education foundation based in Washington DC. In that role he delivers capacity-building programs to tax officials in developing countries together with the IMF, OECD and UN. He is a member of the UN Subcommittee on Extractive Industries Taxation Issues for Developing Countries and the conference committee of the Norwegian Petroleum Association.
In the UK Jim chairs the academic board of the Advanced Diploma in International Tax of the UK Chartered Institute of Taxation and the Scottish Tax Policy Forum, a joint venture between the Institute of Chartered Accountants of Scotland (ICAS) and the Chartered Institute of Taxation. He is a member of the ICAS Scottish Taxes Committee and was on the ICAS Governing Council from 2014 to 2018.
Jim qualified with PwC in 1981 and joined Shell the same year. He had nine different tax and finance roles in Shell and lived in London, The Hague, Kuala Lumpur, Aberdeen and Houston, including 11 years as global head of upstream oil & gas tax, until he retired in 2017. In Shell he was a founder member of the Finance Social Investment Network which connected staff to voluntary organizations in need of finance skills and experience. He had global responsibility for promoting Finance professional qualifications and for communications on diversity & inclusion. He set up and ran a course called Engaging Men in Gender Diversity, attended by 250 male supervisors in 11 locations worldwide.
Jim was on the UK Oil Industry Taxation Committee steering group and chair of the UK royalty committee. Globally, he was a member of the Professional Development Curriculum Committee of the Tax Executives Institute and chair of the Oil & Gas Tax Executives Group. His speaking engagements have included Global Tax Trends, Transfer Pricing, Enhanced Taxpayer Relationships, Managing Taxes, Permanent Establishments, Learning & Development, Business Ethics and various seminars on offshoring/migration of tax work, tax accounting, oil & gas tax, LEAN/Six Sigma, diversity and volunteering activity.
https://www.linkedin.com/in/jimrobertsontax

Practical information

Organizer:

Norwegian Petroleum Society (NPF), Lilleakerveien 2A, 0283 Oslo

Venue:

Scandic St. Olavs Plass
St. Olavs plass 1, 0165 Oslo

Conference fee:

NPF personal members NOK 11,900 plus 25% VAT
Non-members NOK 13,400 plus 25 % VAT

The fee includes:
– Conference papers
– Coffee/tea
– Lunches
– Conference Dinner

Membership of the Norwegian Petroleum Society (NPF)

We offer conference participants to purchase membership of NPF together with registration and payment for the conference:

  • 1 year membership for conference participants – with affiliation to NPF Oslo / Polyteknisk Forening (PF Olje) (NOK 1,700)
  • 1 year membership for conference participants – other local charters (NOK 1,000)

Select the Membership price at the top of the registration form and check the desired membership type further down below the Participant information fields. The total price will be updated automatically before the registration is confirmed and you proceed to payment.

Payment:

Payment can be done upon registration by credit card (Master Card/Visa) on our website. If you do not want to pay with creditcard, you can ask the project manager to send you an invoice from Norwegian Petroleum Society (NPF). Please note that by choosing invoice you will be submitted to a fee of NOK 100. All international payments must be approved before the conference starts.

Cancellations:

Cancellations must be received in writing by 15th October 2018, and will be subject to a cancellation fee NOK 2,000 unless a substitute delegate is offered. After this date, the full registration fee will apply, however, substitutions will still be accepted. Substitutions for registered delegates may be made at any time, but we would appreciate prior notification.
In case of cancellation of the conference by the Norwegian Petroleum Society, (NPF), the participant will be refunded the conference fee and/or the exhibition fee. Other expenses the participants may have are not refunded, and is not the responsibility of NPF.

Conference paper:

Presentations from the conference will be available after end of conference. Delegates will be informed when available via e-mail.

Programme changes:

It is sometimes necessary to change timing of the programme. The conference organiser will not be liable for any such unavoidable changes.

Accommodation:

We have pre-booked a number of rooms at Scandic St. Olavs plass. If you need a room please contact the hotel directly (Booking Code- BPET291018). Please note that accommodation is not included in the conference fee.

Scandic St. Olavs Plass: Single room, NOK 1.590,- incl. VAT and breakfast.

Tel: +47 23 15 56 00. E-mail: stolavsplass@scandichotels.com

 

For more information please contact:
Kristin Øinæs
Project Manager
Tel: +47 455 07 475
E-mail: kristin.oinaes@npf.no