Add to Calendar 2018-09-25 09:00:00 2018-09-26 16:00:00 Europe/Oslo Annual Petroleum Economic Conference Clarion Hotel Air, Utsolaarmen 16, 4055 SOLA Norsk Petroleumsforening Annual Petroleum Economic Conference_2018-09-25 09:00:00
25. to 26. Sep 2018

Annual Petroleum Economic Conference


Welcome to the Annual Petroleum Economics Conference 2018

Dear friends and colleagues.

It is a great pleasure and honor to welcome you to the Annual Petroleum Economics Conference 2018 – to be held at Clarion Hotel Air-Sola on 25 and 26th of September. This traditional economics conference is your opportunity to get the latest and greatest update from the industry and a unique opportunity to network and meet new colleagues.


Times are certainly exciting. The oil price has recovered maybe earlier than expected – but we are still phasing high uncertainty and high volatility going forward. As a response to the oil price crash the industry is demanding higher returns and higher robustness when making capital investments, meaning the role of the economist is more important than ever. This year’s conference includes a mix of finance and economics topics which aims to strengthen your competence as an E&P professional.


The market on the NCS remains liquid and the latest transactions continues the trend of “Big Oil” being replaced by smaller private equity companies. We will give you an overview of the latest transactions and the outlook going forward. Last but not least digitalization is the word everyone is talking about. How will this impact the future of E&P? How will digitalization impact the role of the economist? These are some of the topics you will learn about on this year’s conference.


We hope you will join us for two interesting days in September and our sincere wish is that this will be a memorable event. Welcome!


Reidar Haver, OMV Norge

Chair of the Conference Committee


Tuesday 25. September


Registration and Coffee



Reidar Haver, OMV Norge, Chair of the Conference Committee

Oil Price Outlook

John Olaisen, Analyst, ABG Sundal Collier

Global spending trends and player landscape on the NCS

Tore Guldbrandsøy, Senior Vice President and Head of Stavanger Office, Rystad Energy

The end of the M&A supercycle on the NCS?

Daniel Rennemo, Partner, PWC



Kjetil Andreas Osen, Equinor

Valuation of Real Options in E&P

Ada Christiane Rieker, Partner, DecisionNodes

Third party tie-backs

Per Valvatne, Chief Specialist, Ministry of Petroleum and Energy

Decommissioning Liabilities and Tax Refund

Peter Hiorth, Partner, Schjødt



Aadne Klungland, Conocophillips

Financing of E&P Companies

Espen Kvilekval, Global Head of Oil & Gas, DNB

Creating value through marketing and trading of crude oil

Lise Gro Ekholdt, Crude Oil Marketing Manager, AkerBP

Midstream Infrastructure Investments

Thor Otto Lohne, Chair of Board of Directors, North Sea Infrastructure

End day 1


Beer Tasting

With Lervig Craft Brewery


Wednesday 26. September




Martine Midtsand Hovland, AkerBP

A maturing economic cycle hits some political headwinds

Harald Magnus Andreassen, Chief Economist, Sparkebank1 Markets

The value of being in a tax position – acquiring production. Case study: Det norske acquiring Marathon Oil Norway AS

Jonas Gamre, Vice President Business Development, AkerBP



Reidar Haver, OMV Norge, Chair of the Conference Committee

New Business Models

Thor Magnus Rovik, Managing Partner, Rovik Energy Partner

Dividend and valuation of E&P companies

Teodor Sveen-Nilsen, Equity Analyst, SpareBank1 Markets

Competitiveness of NCS

Lars Erik Aamot, Director General, Ministry of Petroleum and Energy



Reidar Haver, OMV Norge, Chair of the Conference Committee

Accenture -Technology Vision 2018

Jyoti Sharma, Technology Strategy Manager, Accenture

How data liberation will create and shape NCS winners

Dr. John Markus Lervik, Chief Executive Officer, Cognite

Equinor -Industrial positions in New Energy and solar

Richard Erskine, Head of Solar, Equinor


Reidar Haver, OMV Norge, Chair of the Conference Committee

Thor Otto Lohne

Chairman of the Board, North Sea Infrastructure AS

Since September 2017
o Chair of The Board of Directors. Established North Sea Infrastructur AS (NSI) - a midstream company with strategy to develop a portfolio of midstream assets.
o Founding Partner. Established Borgland Advisory AS - an independent oil- and gas knowledge and consultancy company.

April 2016 to September 2017 - Ministry of Petroleum and Energy
o Director. Keywords; regulation, economical & technical analysis.

January 2002 to April 2016 - Gassco
o CFO & Executive Vice President. Technical and commercial development of the Norwegian gas infrastructure (pipelines, processing plants, receiving terminals). Administering the various gas infrastructure joint ventures/companies. Sale of capacity in all regulated pipelines and process plants. Chair of the Gassled Management Committee. Chair of the Infrastructure Advisory Board – a shipper community. Advising the oil- and gas companies and the Ministry of Petroleum and Energy when assessing transportation solutions for field development projects. Advising the Ministry of Petroleum and Energy when assessing regulatory reform of the Norwegian natural gas infrastructure.

May 1983 to January 2002 – Equinor (Statoil)
o 2000 – 2002 Vice president Natural Gas. Joint marketing and sale of all Norwegian gas through the Gas Negotiating Committee (GFU). Administering all the gas sales to Central- and North Europe including negotiating a) price revisions and b) provision of gas distribution capacity on the Continent. The restructuring work to change the Norwegian gas sales to be within the framework of the Gas Market Directive. Establishing the Gassled Joint Venture by merging the various gas transportation joint ventures/companies such as Statpipe, Zeepipe, Europipe, Europipe II, Franpipe, Åsgard Transport et cetera.
o 1995 – 2000 Vice president Natural Gas & General Mng. Statoil (UK) Gas.
Identifying and evaluating opportunities within the UK and Ireland energy markets to enhance Statoil’s position, with focus on the gas sector (sale of gas, end-user marketing, trading, power generation, pipeline ownership and storage assets). Establishing a gas trading company (Alliance Gas Ltd., approx. 150 employees) selling gas to industrial and commercial end-users in UK and trading on gas hubs. Developing (with the ESB Group) the Ringsend power station (450MW) in Ireland.
o 1987 – 1995 Manager, Commercial Unit. Established various gas transportation joint ventures/companies such as Zeepipe, Europipe, Franpipe and managed in addition others such as Statpipe.
o 1983 – 1987 Manager, Control and Data Acquisition Systems. Specified and supervised the development of the first control and data acquisition systems for the Transport Control Centre for Norwegian gas.

May 1980 to May 1983 - Phillips Petroleum Company Norway
o Project Engineer, Control and Data Acquisition Systems. Supervised the development of control and data acquisition systems for the Ekofisk Area.

Late 70’s (while studying, on call) - Drilling company (Morco Norge)
o Roustabout & Roughneck Ekofisk Area.

Education. Master of Science (“Sivilingeniør”) in information technology/computer science, University of Stavanger.

Practical information


Clarion Hotel Air,
Utsolaarmen 16, 4055 NO-Sola, Norway

Conference fee:

NPF personal members NOK 6,400 plus 25% VAT
Non-NPF-members NOK 7,900 plus 25 % VAT

Payment can be done upon registration by credit card (Master Card/Visa). If you do not want to pay with credit card, 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.

The conference fee includes:

  • Conference papers
  • Coffee/tea
  • Lunches

Conference Dinner:

Dinner is not included in the conference fee and must be chosen separately at the bottom of the registration form.  Fee is NOK 990,- plus 25% vat.

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.


Clarion Hotel Air, Utsolaarmen 16, 4055 NO-Sola, Norway
Price per night (incl. breakfast): NOK 1,190 for single room.  Hotel is not included in the conference fee and must be paid upon check-out.


Cancellations must be received in writing by 18th September 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.

Programme changes:

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


For further information please contact:
Norwegian Petroleum Society
Kristin Øinæs
Project Manager
tel. +47 455 07 475