Created with Sketch. Add to Calendar 2020-10-27 00:00:00 2020-10-28 00:00:00 Europe/Oslo Annual Petroleum Economics Conference 2020 Clarion Hotel Energy, Ishockeyveien 2, 4021 Stavanger Norsk Petroleumsforening Annual Petroleum Economics Conference 2020_2020-10-27 00:00:00
27. to 28. Oct 2020

Annual Petroleum Economics Conference 2020

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Welcome to the Annual Petroleum Economics Conference 2020

Conference language: English

"First come, first served"

The conference is set to be arranged as planned, but we will adapt the practical implementation in accordance with governmental advice and guidelines. In case of restrictions on the number of seats, participants are given priority according to the "first come, first served" principle. If you are unable to participate physically or it is fully booked, it will be possible to follow the conference online at a lower price.

You can choose now whether you want to participate on site or just watch the conference online
Participants who signs up now and pay full price to secure their seat will be reimbursed if new restrictions limit physical participation. This also applies if the entire conference is converted to “online only”.

Dear friends and colleagues,

2020 has been a special year. The Covid-19 pandemic and the massive drop in market prices has had major impact on our country and industry.  The Norwegian state is supporting the oil & gas industry by implementing new tax measures, which strengthens liquidity and helps projects being economically robust also in a low price environment. This year’s conference will give you everything you need to know about the market environment and the outlook going forward. We will also touch on the newly implemented tax change from various perspectives.

Times are tough, but people and markets are tougher. Looking forward and generating long-term business opportunities is one of the key responsibilities of the E&P professional. We will give you methodology insight around value creation in exploration and the energy transition to a sustainable low carbon future. How will E&P companies allocate funding when projects are so different in terms of business models, profitability and risk? These are topics, which will be touched upon at this year’s conference. Please make sure you check out the full program.

The Annual Petroleum Economic Conference is a place to meet new colleagues. Given the events of 2020, this feels more important than ever. I encourage you to use the opportunity during the conference and the traditional conference dinner to grow your professional network.

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


Reidar Haver, OMV Norge
Chair of the Conference Committee


Tuesday 27. October


Registration and coffee



Reidar Haver, OMV, Chair of the Conference Committee

Opening Speech

Ingrid Sølvberg, Director General, The Norwegian Petroleum Directorate

Macro Update


Oil Market Update

John Olaisen, Co-head of Global Research, ABG Sundal Collier

NCS Company Landscape with global perspective

Simon Sjøthun, Partner and Head of London Office, Rystad Energy



How to use value of information to improve clarity of a decision?

Trygve Botn, Founder, ThinQ Decisions

Why do most economists avoid full probabilistic exploration project assessments?

Charles Stabell, Managing Director, Decision Resources & Design



Exploration portfolio evaluation: Government & industry perspective

Silje Teveldal, Exploration Portfolio Analyst, Aker BP and Svein Arne Svilosen, Economist, Norwegian petroleumdirectorate

How to spend it?

Speaker- tba



End of day 1





Wednesday 28. October




Opening Speech

Ministry of Petroleum and Energy, Speaker- tba

NCS Trends and Transactions

Anders Wittemann, Owner, Wittemann E&P Consulting

"Window of opportunity" - NCS Tax Change and impact on industry

Speaker- tba

NCS attractiveness vs global alternatives (impact of tax change and low GHG emissions on global E&P capital allocation)




How will the ESG focus affect energy share prices?


Equinor’s climate ambitions, how will the company secure low carbon and high value in the future

Equinor, Speaker-tba,

The Future of Gas in the Energy Mix

Frode Leversund, CEO, Gassco



An IOCs perspective: How does Norwegian climate initiatives fit in a global investment portfolio?


Business Models for Electrification of the North Sea

Eyvind Bohne Kjersem, BKK


Reidar Haver, OMV, Chair of the Conference Committee

Practical information


Clarion Hotel Energy,
Ishockeyveien 2, 4021 Stavanger, Norway

Conference fee:

NPF personal members NOK 6,600 (online only NOK 3,600) plus 25% VAT
Non-NPF-members NOK 8,600 (online only NOK 5,600) 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 150 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.

Special Offer for Young Professionals!

Bring a colleague under 30 years of age for half price! Participant no. 2 or more under the age of 30 years from the same employer receives a 50% discount. Contact the Project Manager to receive the discount.

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 NOK 1,000


Clarion Hotel Energy, Ishockeyveien 2, 4021 Stavanger, Norway
Price per night (incl. breakfast): NOK 1,295 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 12th October 2020, 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.

Force majeure

Events beyond the control of the NPF – for example, but not limited to, extreme weather conditions, acts of war, terrorism, transportation shut-down (strikes or accidents), government regulation or advisory including travel warnings, serious illness or epidemics that makes it impossible to fulfill the obligations of conducting the conference entitle NPF to cancel the event without liability.


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