Annual Petroleum Economics Conference 2021

Mr. Aamot has more than 20 years of experience from the oil and gas industry, mainly from different roles in the Norwegian Ministry of Petroleum and Energy. Since 2009 he has been the Director General for Oil and Gas in the Ministry.

Mr. Aamot obtained his Cand Oecon degree from University of Oslo, Norway in 1996. He joined the Ministry of Petroleum and Energy working with issues related to Norwegian petroleum and environmental policies. In 2000 he joined Statkraft as Senior Economist. In 2001 Norsk Hydro AS as a Senior Investment Analyst working with business development and follow-up of its activities in US, Libya and Russia. He returned to the Ministry as Deputy Director with responsibility of Economic Analysis in 2002. Between 2004 and 2007 he was the Counselor for Energy at the Norwegian embassy in Washington DC.

Sigrid Ina Simonsen is the regional manager for Northern Norway for the Norwegian Oil and Gas Association. She started her professional career as a reservoir engineer in Statoil in 2013. From 2017 to 2020 she held the position as county councilor for business development and culture in Troms county for the Labour party. From 2020 to 2021 she worked as communication leader for operations north in Equinor.
Simonsen has a Ph.D. in atomic physics from the University of Bergen.

Bjarne has more than 25 years’ experience from commodity markets. He has worked with analysis, market modelling, structured deals as well as trading of commodities for large commodity trading companies like Enron Nordic Energy and Cargill in Geneva with primary focus on energy derivatives. From 2005 to 2008 he worked as a carbon market analyst at Point Carbon with focus on the European EU ETS carbon market. Since 2008 he has held the position as Chief Analyst Commodities in SEB covering energy, emissions, metals, agricultural products as well as precious metals. The main focus through these years as well as through his career is however the energy markets. Bjarne has a M.Sc. in mathematics from the University of Oslo.

Helge has 22 years of experience with the E&P industry. First as an officer at the Ministry of Petroleum for two years followed by 14 years as management consultant and investment banker, working for both Norwegian and international oil and gas companies. Helge moved on to the industry side in 2015 as Head of BD & Commercial at Tullow Oil Norge AS. In 2016 he co-founded Pandion Energy AS through a management buyout of Tullow Oil’s Norwegian operations, incl. the Duva oil and gas discovery. At Pandion Energy AS he is Deputy CEO & VP BD and manages its M&A activities with the acquisition of Valhall & Hod in 2017 and sale of Duva in 2019 being the largest transactions to date.

Sindre Knutsson is Vice President in Rystad Energy’s markets team with focus on global natural gas and LNG. He is the responsible for the development of Rystad Energy’s Gas Market Solutions service providing data and analyses on global natural gas markets and fundamentals. Sindre holds a Bachelor in Economics from the Norwegian School of Economics and Business Administration, an MSc in Accounting and Finance from the London School of Economics and Political Science.

Knut Einar Rosendahl is Professor at the School of Economics and Business at the Norwegian University of Life Sciences (NMBU). He also has adjunct position at the Research Department of Statistics Norway. He holds a PhD in Economics from the University of Oslo. He has been visiting scholar at Resources for the future, Johns Hopkins Univ (both 2008-9), Univ of Oldenburg (2019), and Toulouse School of Economics (2020). His research centres around environmental and energy economics, especially climate economics. He is former president of the Norwegian Association for Energy Economists, former deputy chairman of the Norwegian Association for Economists, and currently one of three Editors of Strategic Behavior and the Environment.

Petter Osmundsen is Professor of Petroleum Economics at University of Stavanger, Section for industrial economics. He has a Ph.D. from the Norwegian School of Economics (NHH). In 1992/93 he was a Research Fellow at the Massachusetts Institute of Technology. He has previously held positions as Associate Professor at NHH at the Department of Economics and Adjunct Professor at the Department of Finance and Management science, and he has been Senior Researcher at the NHH affiliate Institute for Research in Economics and Business Administration (SNF). His research topics are tax design, valuation, contract theory, and incentive design - applied to the petroleum and the renewable sector.

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.

Karl Magnus Maribu is a Senior Advisor in Risk Advisory in DNB Markets. He is advising oil and gas and renewable energy companies in risk management, financial policies and hedging strategies. Prior to taking the role in DNB Markets in 2010, Karl Magnus worked as a senior analyst on carbon and energy markets in Point Carbon since 2006. He has a master in Physics, a PhD in Electrical Engineering from NTNU and a post doc from École des Mines de Paris. The research has focused on real options and optimal investment strategies in renewable energy and local power generation. He has been a visiting scholar at Lawrence Berkeley National Laboratory and Sintef Energy Research.

Neivan joined Wood Mackenzie in 2014 and has provided coverage across the European upstream industry.

Neivan now leads Wood Mackenzie’s North Sea coverage, working with senior stakeholders in industry to identify key trends and insights. He has written many high-impact reports looking at a number of key issues in the sector, from the role of private equity in the region to creating value through exploration and M&A.

Neivan also carries out consulting projects and presents at conferences. Recent consulting work includes helping companies with long-term strategies, infrastructure analysis, due diligence and project benchmarking.

Prior to joining Wood Mackenzie, Neivan worked as an analyst at Interconnector UK carrying out a variety of commercial and regulatory work.

Neivan graduated with a Masters degree in Chemical and Process Engineering from Strathclyde University.

Anders Wittemann
Independent oil & gas management consultant/advisor with Petroleum Engineering background and MBA

Anders Wittemann is an independent E&P strategy and business development consultant with Wittemann E&P Consulting (WEPC) since 2011. Before this Anders was manager of consulting services with Rystad Energy AS, a management consultant with McKinsey and a Petroleum Engineer with Shell International E&P. Anders has an MBA from INSEAD and an M.Eng in Petroleum Engineering from Imperial College and NTNU. Anders is an associated oil & gas industry expert with the M&A advisor INFIMA AS and since 2020 a board member of Resoptima AS, the provider of reservoir modeling software.

WEPC works with E&P clients in the North Sea region on an independent basis or in partnership with other consultants. WEPC also publishes its proprietary Norway BD Book to oil companies in Norway.

Chief Economist in SpareBank 1 Markets since 2017. He had the same position in Swedbank, First Securities and Elcon Securities since 1994. Consultant in Econ Centre for Economic Analysis, and Den norske Bankforening. Economist from University of Oslo.

Jarand Lønne is responsible for Oil & Gas Investment Banking at SB1 Markets, based in Oslo. He has more than 10 years of experience from the sector, previously with Swedbank and First Securities, focusing on M&A, equity capital market and debt financing

Anders Hannevik, EVP Customers & Strategy, Aker Solutions
Anders joined Aker Solutions in September 2020 coming from the position as SVP Asset & Operations in Aker Energy and prior to that Vice President Commercial in Aker BP.
He has a long career in the oil business for the supplier industry, consulting business and oil companies - including companies like Kvaerner, Neste, Fortum, PWC and Chevron. 10 years internationally in UK, US and Sudan mainly with commercial and business development. From 2007 – 2011 Anders was heading the negotiation of the sharing of the oil resources when Sudan was divided into Sudan and South Sudan.
Anders holds a M.Sc. degree in civil engineering from the Norwegian University of Science and Technology.

I have with over 30 years+ working experience from the international energy business – both from the O&G operator side in Norsk Hydro E&P, from the main subsea contractor side in TechnipFmc, and now within the clean hydrogen business in ZEG Power.

 My working experience cover:
 Various engineering disciplines within the upstream Oil&Gas value chain
 Offshore operations
 Strategy, R&D, and business development
 Commercial leadership within subsea
 Renewable growth initiatives within floating wind and wave technologies
 Leadership within hydrogen emerging markets

I started as CEO in ZEG Power 1st of March this year.

I have a MSC in Petroleum Engineering from NTNU, Business Candidate degree form Norwegian Business school, and A Master of Technology Management degree from NTNU/NHH & Sloan School of Management in Boston

Elise Johansen is a Specialist Counsel at Wikborg Rein's Oslo office and is part of the firm's Sustainability, Climate and Ocean group. She is also a Professor of law and a part time senior researcher at the Norwegian Centre for the Law of the Sea.

Johansen's field of expertise is international and national climate- and environmental law and the law of the sea, focusing especially on the interaction between climate law, sustainability goals and the law of the sea. She has published extensively in major national and international peer-reviewed journals and peer reviewed book chapters. Her latest work is the book "The Law of the Sea and Climate Change - Solutions or Constraints?" (Cambridge University Press, 2020).

Her field of expertise encompasses the development of sustainability law, including the legal development within the EU based on its Green Deal policy. She advises clients in all the areas mentioned, both in relation to compliance and rule development, companies' strategy work in the areas of sustainability and climate.

Cathrine B. Hetland is a Partner at Wikborg Rein's Oslo office and is part of the firm's Oil, Gas and Renewable Energy practice. She has significant experience advising various players in the oil and gas industry on a broad range of matters, including legal and commercial aspects of offshore exploration, development, production and sales, as well as M&A projects. Her previous experience includes several years serving as a senior legal counsel for DEA Norge AS, an NCS oil and gas operator, and as a managing associate in the law firm Thommessen.
Cathrine is a member of the Norwegian Bar Association's panel on Hydropower, Energy and Oil and Gas law. She has also been a member of several working groups set down by the Norwegian Oil and Gas Association in order to develop model agreements for use on the Norwegian Continental Shelf, and was inter alia part of the working group producing the latest revision of the Norwegian Oil and Gas Association's standard SPA for license transactions.

Arild Dybvig is responsible for Lundin Energy Norway’s activities within Commercial Development and -Operations, Business Development, Economic Analysis and Planning and Legal.

Arild is born in Stavanger, Norway in 1971 and holds an MBA from the Norwegian School of Economics and Business Administration in Bergen, Norway.
He joined Exxon Norway in 1997 as a controller and subsequently responsible for the Units’ Earnings reporting. From 2001 to 2005 Arild worked with BP Norway as Commercial Business Analyst and Advisor for the Southern North Sea asset portfolio, Business Development Advisor and Commercial Lead in the Valhall redevelopment project throughout concept select. Between 2005 and 2017 Dybvig held various senior roles in Statoil and Equinor within Business Development and Strategy, such as Project Manager in the International division, VP Strategy and Business Development E&P Norway and Strategy and Portfolio in Technology, Projects and Drilling. Dybvig also held senior leadership roles within Area Development - Barents Sea, Corporate Financing in the CFO area and VP “Fast Track” Project Development in Statoil and Equinor. Arild Dybvig joined his current role in Lundin Energy Norway in May 2017.

Have more than 25 years of experience within the oil and gas industry.
Been with Equinor since 1995 and has broad experience with both financial and operational focus.
Served 10 years at the Corporate Executive Committee as CFO and Head of International Development and Production.
Master of Science degree from the Norwegian School of Economics and Business Administration.

• More than 20 years of experience in the oil and gas industry in Norway and internationally.
• Broad background including leadership roles in strategy, business development, licence management and operations in Equinor, Petoro and PWC.
• Previous experience includes head of corporate strategy and head of the CEOs office at Equinor.
• Master of science in Industrial Economics and Technology Management.

Helen has more than 25 years experience from the oil and gas industry, in both the UK and Norway. Helen spent the first 5yrs of her career working as a Petroleum Engineering before moving over on to work as an economic analyst. Helen has spent the last 15+ yrs working on the NCS in roles within joint venture management and commercial. Helen has led a range of different commercial negotiations including multiple tie-in negotiations on the NCS. Helen’s team is responsible for delivering commercial solutions to support field development activity on all of Aker BP’s assets.
Helen has a Master’s degree in Mechanical Engineering from Bristol university.

Torbjørn Kjus has 20 years of experience in analysing the global crude and refined products markets. He worked 6 years as an oil analyst and trader in Norsk Hydro in Oslo and BP trading in London before he took up his role as Chief Oil Analyst in DNB Markets in Oslo in 2007. He held this position for 11 years but has since January 2019 worked as Chief Economist in Aker ASA. Torbjørn was by Norwegian institutional investors ranked as the number 1 financial analyst independent of sector when he quit DNB in 2018. For the oil & gas sector Torbjørn was ranked as the number 1 financial analyst the last 4 years he worked for DNB. In a normal year Torbjørn executed 200-250 presentations on the oil market to investors and oil industry all over the world and was frequently quoted in media such as Bloomberg, Reuters, Platts, Wall Street Journal, Houston Chronicle, etc. He regularly briefed the US Treasury in Washington on the global oil market and provided consultations about the market to the Norwegian Ministry of Petroleum, to the Norwegian Pension Fund (NBIM) and to the Norwegian Central Bank.