Add to Calendar 2019-10-22 09:00:00 2019-10-23 00:00:00 Europe/Oslo Annual Petroleum Economics Conference 2019 Clarion Hotel Energy, Ishockeyveien 2, 4021 Stavanger Norsk Petroleumsforening Annual Petroleum Economics Conference 2019_2019-10-22 09:00:00
22. to 23. Oct 2019

Annual Petroleum Economics Conference 2019


Welcome to the Annual Petroleum Economics Conference 2019

Dear friends and colleagues

It is again my pleasure to invite you to the Annual Petroleum Economics Conference. Last year we saw a record attendance from a diversified group of companies and our goal is to increase participation even further this year. The conference will give you a unique opportunity to get the latest and greatest update from the industry and to network and meet new colleagues.

Markets has recovered from the oil price drop in 2015 but the volatility and uncertainty is still high. We will give you the fundamentals of the industry and the latest views on the market outlook going forward. The committee have organized a program with a broad range of topics all very important and relevant for the E&P professional. Among others, we will touch on topics such as the ESA ruling on exploration refund, Unitization challenges, Decision Analysis and Valuation Methodology for M&A. We will also have deep dives focusing on value creation through exploration activities and value drivers in renewables.

A new agenda item this year is a panel discussion with participants from some of the major supplier companies to the offshore industry. We will get their view on the current market situation and the requirements for a healthy supplier industry going forward.

Last, but not least, we will repeat the success from last year with a social event in the evening including both a beer tasting session with a local brewery and the traditional conference dinner.

On behalf of the organizing committee, a very warm welcome to the Annual Petroleum Economics Conference.


Reidar Haver, OMV
Chair of the Conference Committee


Tuesday 22. October


Registration and Coffee



Reidar Haver, OMV Norge, Chair of the Conference Committee

Opening speech

Rikard Gaarder Knutsen, Deputy Minister, Norwegian Ministry of Petroleum and Energy

The debate on petroleum tax subsidies – ESA ruling and way forward ?

Petter Osmundsen, Professor, University of Stavanger

Macro update

Øystein Børsum, Chief Economist, Swedbank Norway



Aadne Klungland, Conocophillips

Some Reflections on Uncertainty, Decisions, Data, Models, and People

Reidar B. Bratvold, Professor, University of Stavanger

Unitization of petroleum fields on the NCS, main challenges

Mette Karine Gravdahl Agerup, Assistant Director General, Ministry of Petroleum and Energy and Anders Hannevik , VP Commercial, Aker BP



Undressing the bride - untangling the sellers' veil in E&P asset transactions

Daniel Rennemo, Partner, PWC

M&A, capital markets and ESG perspectives on North Sea O&G

Mr Daniele Apa, Managing Director, J.P. Morgan

The Economic Analyst role in Equinor

Ole Martin Johnsen, Senior Advisor Economic Analysis, Equinor

Visualize Finance

Hild Eirin Strømme, Financial Analyst, Aker BP ASA

End of day 1


Beer tasting with Jåttå Gårdsbryggeri

Sponsored by OMV


Wednesday 23. October




Martine Midtsand Wiggen, Aker BP

NCS Transactions and Trends

Anders Wittemann, Owner, Wittemann E&P Consulting

Oil Market Update

Bjarne Schieldrop, Chief Analyst Commodities, SEB

NCS Company Landscape

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

The oil and gas sector as a driving force for the Norwegian economy – but what about the future?

Karl Eirik Schjøtt-Pedersen, Director General, The Norwegian Oil and Gas Association



Reidar Haver, OMV Norge, Chair of the Conference Committee

Stepping up the Exploration game

Evy Glørstad-Clark, SVP Exploration, Aker BP

Asset pricing vs.equity market values

Teodor Sveen-Nilsen, Equity Analyst, Sparebank1 Markets



New Energy Solutions-main challenges and value drivers

Stian Flørenæs, Vice President, Finance and Control, New Energy Solutions, Equinor

Panel Debate: Is cost inflation in oil service fair?

Moderator: Teodor Sveen-Nilsen, Equity Analyst, Sparebank1 Markets

Sven Børre Larsen, Head of Strategy, TGS

Sturla Magnus, Executive Vice President Process & Structures, Kværner

Torgeir Løland, VP Supply Chain, Equinor



Reidar Haver, OMV Norge, Chair of the Conference Committee

Mette Karine Gravdahl Agerup

Assistant Director General, Ministry of Petroleum and Energy

Law degree at Oslo University, Oslo - spesialized in petroleum law

1981 – 1986: Norwegian Maritime Directorate – petroleum safety and work environment
1986 – 1987: Norwegian Guarantee Institute
1987 – 1990: Ministry of Local Government and Regional Affairs – petroleum safety
1990 - Ministry of Petroleum and Energy:

1990 – 1995: Legal adviser in Explorations Division
1995 – 1996: Ministry of Trade and Industry: Assistant Director General, Legal Section
1996 - 2002: Ministry of Petroleum and Energy, Senior legal adviser and deputy head, Legal Section
2002 – 2003: Deputy Director General, Head of Legal Section
2003 – : Assistant Director General, deputy head of Legal Section
2010 – 2014: Lecturer of Petroleum Law, University of Oslo (part time)

Areas of work comprise, among others:
• Policy/legal issues concerning the Norwegian petroleum sector
• Negotiation of cross-border treaties (Norway-UK, Norway-Iceland, Norway-Russian Federation) – focus on unitisation and gas transportation issues
• Legal issues related to carbon capture and storage
• Follow-up on Norwegian/Russian energy dialogue
• Policy/legal issues concerning petroleum activities in the Arctic/High North/Arctic Council/OSPAR
• Norway’s foreign aid project Oil for Development: Advising/lecturing in certain developing countries on formulation of petroleum policy, legislation, administration and good governance and resource management
• Legal issues related to trade in energy related services (WTO, EFTA, bilaterally)
• Legal issues related to the EU/EEA and petroleum activities

Practical information


Clarion Hotel Energy,
Ishockeyveien 2, 4021 Stavanger, Norway

Conference fee:

NPF personal members NOK 6,600 plus 25% VAT
Non-NPF-members NOK 8,600 plus 25 % VAT

Payment can be done upon registration by credit card (Master Card/Visa/AmEx) or by invoice. If the invoice needs to be changed due to wrong or missing information there will added a fee of NOK 100 to the total amount. 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 when registering. 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 1,600)
  • 1 year membership for conference participants – other local charters (NOK 1,000)


Clarion Hotel Energy, Ishockeyveien 2, 4021 Stavanger, Norway
Price per night (incl. breakfast): NOK 1,195 for single room/ NOK 1,295 for double room. Hotel is not included in the conference fee and must be paid upon check-out.


Cancellations must be received in writing by 8th October 2019, 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