Created with Sketch. Add to Calendar 2021-10-28 08:30:00 2021-10-29 13:00:00 Europe/Oslo Annual Petroleum Economics Conference 2021 Clarion Hotel Energy Norsk Petroleumsforening Annual Petroleum Economics Conference 2021_2021-10-28 08:30:00
28. to 29. Oct 2021

Annual Petroleum Economics Conference 2021

Created with Sketch. STAVANGER

Welcome to the Annual Petroleum Economics Conference 2021

Dear friends and colleagues,

It feels good to finally invite all of you to the annual petroleum economics conference 2021. The pandemic seems to come to an end and hopefully we can all meet for a physical conference this year. The market development in 2020 and 2021 has been a rollercoaster ride with the crash from $70 to $15 in only a few months and now back to $70 again. We will give you the latest and greatest insight to the macro and market development and the outlook going forward.

This year’s conference will contain a vast range of relevant topics for the E&P professional. We will look at commercial models, hedging strategies, business strategy case studies and give you and overview of the supplier market given the boom in projects chasing the PDO deadline by end 2022.

Last but not least this year’s conference will contain a dedicated session looking at the energy transition to a low carbon future. What does it take to be part of the energy transition and what are the key challenges going forward.

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






***Changes to the program may occur***


Thursday 28. October


Registration and Coffee



Reidar Haver, OMV Norge, Chair of the Conference Committee

Norwegian Petroleum Policy

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

Future value creation on the NCS: What awaits the oil and gas industry?

Sigrid Ina Simonsen, Head of Office Northern Norway, Norwegian Oil and Gas Association

Energy markets in turmoil

Bjarne Schieldrop, Chief Analyst Commodities, SEB



Pandion Energy – Case Study

Helge Nordtorp, Deputy CEO & VP Business Development

European Gas Market Outlook

Sindre Knutsson, Vice President, Head of Gas Market Research, Rystad Energy

Is reducing Norwegian oil extraction good climate policy?

Knut Einar Rosendahl, Professor, Norwegian University of Life Sciences



Kjetil Andreas Osen, Equinor

Project economics of offshore windfarms. A business case.

Petter Osmundsen, Professor, University of Stavanger, Section for industrial economics

Value creation from M&A

Karin S. Thorburn, Research Chair professor of Finance, Norwegian School of Economics

Hedging strategies for oil and gas companies

Karl Magnus Maribu, Senior Advisor, DNB Markets, Risk Advisory



Creating value in upstream - the NCS in a global perspective

Neivan Boroujerdi, Principal Analyst, North Sea Upstream, Wood Mackenzie

NCS project update towards December 2022 PDO deadline

Anders Wittemann, Owner, Wittemann E&P Consulting

End of day 1



Beer Tasting With Lervig Brewery


Friday 29. October




Ådne Klungland, Conocophillips

Macro Update

Harald Magnus Andreassen, Chief Economist, SpareBank 1 Markets

Key capital market, financing and M&A trends in E&P

Jarand Lønne, Head of Natural Resources, SpareBank 1 Markets

Oil & Gas versus Renewables - from a supplier's perspective

Anders Hannevik, EVP Customers & Strategy, Aker Solutions



ZEG - Enabling clean hydrogen from gas

Arild Selvig, CEO, ZEG Power

Brown, green or in-between - Sustainability measures oil industry players should take today to optimize access to capital tomorrow

Elise Johansen, Specialist Counsel, Professor and Cathrine B. Hetland, Partner, Wikborg Rein Advokatfirma



What does it take to become carbon neutral?

Arild Dybvig, Commercial and BD Director, Lundin Energy Norway

Equinor’s approach to the energy transition, value drivers and key challenges

Torgrim Reitan, SVP and Renewables Financial Officer, Equinor

Sval Energi- A new generation energy company

Nikolai Lyngø, CEO, Sval Energi



Reidar Haver, OMV Norge, Chair of the Conference Committee

Future Commercial Models

Helen Ormandy, Commercial and Insurance Manager, Aker BP

What happens if oil and natural gas demand does not collapse according to IEA’s Net Zero pathway, but investments do?

Torbjørn Kjus, Chief Economist, Aker ASA


Reidar Haver, OMV Norge, Chair of the Conference Committee

Karin S. Thorburn

Research Chair Professor of Finance, Norwegian School of Economics

Karin S. Thorburn is Research Chair Professor of Finance at NHH Norwegian School of Economics, Adjunct Full Professor of Finance at The Wharton School of University of Pennsylvania, USA, and Visiting Professor of Finance at the Tuck School of Business of Dartmouth College, USA. Prior to joining NHH in 2009, she was a full-time faculty member at the Tuck School since 1998.
Thorburn’s research focuses on M&A, credit, bankruptcy, IPOs, corporate governance, and corporate social responsibility. She publishes regularly in the top academic journals, including Journal of Finance, Journal of Financial Economics, Management Science, Journal of Financial and Quantitative Analysis, Journal of Financial Intermediation, Journal of Corporate Finance, and Journal of Environmental Economics and Management.

Thorburn is a Council member of Society for Financial Research, a director of the Financial Management Association International, a Research Associate of the Center for Economic Policy Research (CEPR) in London, a Research Affiliate of the European Corporate Governance Institute (ECGI) in Brussels, and a former director of the Executive Committee of the European Finance Associa¬tion.
She is a Director of the Board of Maritime & Merchant Bank ASA, Global LNG Services AS, Preferred Global Health AS, and Falck Advisory AS, and has previously served on the boards of SEB Investment Management AB and Nordea Bank Norway ASA. In 2021, she was part of an expert group appointed by the Ministry of Finance to review the impact of climate risk on the Norwegian oil fund’s investment strategy and investment opportunities. She also served on the Morck committee appointed by the Norwegian government in 2016 to assess the portfolio allocation of the $1 trillion Government Pension Fund Global.
Thorburn holds a PhD and a master’s degree in financial economics from Stockholm School of Economics.

Practical information


Norwegian Petroleum Society (NPF)

Conference language:



Clarion Hotel Energy,
Ishockeyveien 2, 4021 Stavanger, Norway

Conference fee:

NPF personal members NOK 7,100 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 150 to the total amount. All international payments must be approved before the conference starts.

The conference fee includes:

  • Conference papers
  • Coffee/tea
  • Lunches

Special Offer!

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.

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 is 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 14th October 2021, 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.

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.

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