Created with Sketch. Add to Calendar 2019-03-19 11:00:00 2019-03-20 13:00:00 Europe/Oslo Oil & Finance 2019 – “End of rebound or full steam ahead?” Hotell Lysebu, Lysebuveien 12, 0712 Oslo Norsk Petroleumsforening Oil & Finance 2019 – “End of rebound or full steam ahead?”_2019-03-19 11:00:00
19. to 20. Mar 2019

Oil & Finance 2019 – “End of rebound or full steam ahead?”

Created with Sketch. OSLO

The Norwegian Petroleum Society (NPF) has great pleasure in inviting you to the Oil & Finance Conference in Oslo, 19 - 20 March 2019.

Oil & Finance 2019: End of rebound or full steam ahead?

From its low point of $26/bbl in January 2016, the oil price has steadily recovered, albeit with significant near term volatility, until it peaked at $86/bbl in October 2018. In the wake of the stronger oil market, capital budgets have increased and M&A activity has picked up. However, during the last quarter of 2018 the price plunged once again, which raises some questions: Have we seen the end of the rebound in the markets, will budgets yet again be cut and will M&A activity slow down? Or are we simply experiencing a bump in the road where the activity level will continue at the same pace? What are the implications for capital markets and companies’ access to funding?

We will get a fresh update on the M&A market in the North Sea and hear from companies that have recently succeeded in the transaction market. As usual, there will be an update on the bond and bank markets and we will also hear about alternative financing mechanisms available which might help fuelling transaction activity going forward.

All in all the 2019 Oil & Finance conference will give you both the industry and financial markets perspectives and hopefully give you an idea of where we are headed in these volatile times.

Welcome!

On behalf of the program committee
Morten E. Lindbæck (Chair)

Program

Tuesday 19. March

11:00

Registration

11:30

Lunch

MARKETS AND MACRO ISSUES

Chair Day 1: Erlend Brun Bakken, Partner, Schjødt
12:15

Opening remarks

Morten E. Lindbæck, Chair of the Program Committee
12:20

What has happened?

Karl Fredrik Schjøtt-Pedersen, Analyst, ABG Sundal Collier
12:35

Oil Market Outlook 2019: Back to Balance-For Now

Jason Gammel, Equity Research Analyst, Managing Director, Jefferies International Ltd
13:05

NCS today - OED perspective

Gaute Erichsen, Deputy Director General at Minstry of Petroleum and Energy
13:30

M&A Trends in the North Sea

Onursal Soyer, Deputy CEO, Lambert Energy Advisory Ltd
14:00

Coffee

NORWEGIAN CONTINENTAL SHELF

14:15

NCS trends and M&A

Anders Witteman, Owner, Wittemann E&P Consulting
14:45

Future generation of NCS field developments

Atle Reinseth, VP, Project Development, Equinor
15:15

Coffee

15:30

The Other Side of the Hill – Exploring Through the Downturn

Chris Elliott, CEO/Exploration Director, Wellesley Petroleum
16:00

M&A case studies and discussion – what it takes to succeed and lessons learned

Chair: Jarand Lønne, Corporate Finance, SpareBank 1 Markets

Helge Nordtorp, Deputy CEO & VP Business Development, Pandion Energy

Knut Evensen, Co-founder and CFO, OKEA

Riulf Rustad, Chairman, Noreco

17:30

Wine tasting

Sponsored by Arctic Securities
18:30

Dinner

Dinner Speech- Torstein Sannes

Wednesday 20. March

08:30

Coffee/Networking

Chair: Day 2: Tore Orm Sitje, Partner, Corporate Finance, Arctic Securities

09:00

Upstream Oil&Gas Equity Capital Markets Considerations

James Cartwright, Managing Director, Morgan Stanley/ Mutlu Guner, Managing Director, Morgan Stanley and Jarand Lønne, Corporate Finance, SpareBank 1 Markets
09:30

Bond

Hans Georg Prahl Reusch, Corporate Finance, Arctic Securities
10:00

Bank – Update on upstream bank financing

Etienne Didier, Group Head, Upstream Oil & Gas, BNP Paribas
10:30

Coffee break

ALTERNATIVE FINANCING

Legal issues
11:00

Cathrine Hetland, Managing Associate, Thommessen and Ellen Heyerdahl, Partner, Thommessen

11:30

Viggo Pedersen, Senior Vice President, Offshore Merchant Partners ("The bespoke financier to the E&P industry")

12:00

Xavier Vénéreau, Head of Producers & Finance, Marketing & Origination- Europe, Africa & Russia, BP

12:30

Conference summary

12:40

Lunch

13:40

End of Conference day 2

Xavier Venereau

Head of Producers & Finance Marketing & Origination, Europe, Africa, Russia, BP Oil International Limited

Xavier Venereau joined BP’s Integrated Supply & Trading division in December 2016 where he runs the Marketing and Origination activity for Oil & Gas producers based in Europe, Africa & Russia. Xavier has oversight for BP IST’s Structured Financing activities for E&P companies that encompasses a comprehensive offer of tailored made financing solutions to producers (acquisition financing, reserve based lending, pre-export financing, development financing, junior debt ) including marketing services and price management products.
Before joining BP, Xavier Venereau spent 23 years at BNP Paribas in Houston, Geneva, Lyon and Paris. Xavier has more than 20 years of experience in Oil & Gas Structured Financings across the world’s key oil and gas exploration and producing basins. Between 2010 and 2016, Xavier served as Managing Director and Global Head of Oil & Gas within the Energy & Commodity Finance division of the Corporate and Investment Banking arm of BNP Paribas SA. Prior to that, X Venereau ran BNP Paribas Suisse Structured Debt activity for Russia, Eastern Europe, Turkey and FSU from 2005 to 2010.
Xavier started his oil and gas experience in Houston, Texas in 1997 serving as Vice President within Paribas Oil & Gas Group, working on U.S. energy related transactions. Xavier went back to Europe in 2001 to create BNP Paribas European Oil & Gas Group to develop reserve based lending activity in North Sea, Africa and Middle East. Under his leadership, BNP Paribas Oil & Gas Group became a leading international oil & gas financing franchise.
Overall during his investment banking careers, X Venereau led, structured and participated in over 450+ oil and gas transactions including multiple acquisition financings, reserve based lending, pre-export and prepayments financings, green field / development financing and corporate financings in many different developing countries.
X. Venereau practices mountain biking, snowboarding, golf and fishing. He holds an Industrial Processes and Applied Mathematic Degree from Paris based AgroParisTech Engineering school and obtained a Master in International Finance from the French business school HEC.

Practical information

Organiser:
Norwegian Petroleum Society (NPF)

Venue:
Lysebuveien 12, Oslo
Telephone: 0047-21 51 10 00

Conference fee: 
NPF personal members NOK 10,400 plus 25% vat
Non-NPF-members        NOK 12,400 plus 25% vat

The fee includes:
– Coffee/tea
– Lunches
– Conference Dinner
– Access to the presentations after end of conference

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.

Payment:
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.

Cancellations:
Cancellations must be received in writing by 5th of March 2019 and will be subject to a NOK 2,000 cancellation fee 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.

Conference paper:
Presentations from the conference will be available after end of conference. Delegates will be informed when available via e-mail.

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

Accommodation: **Lysebu Hotel is now fully booked 19-20 March**

As Lysebu Hotel is now fully booked we recommend Hotel Soria Moria and Scandic Holmenkollen. To book a room please contact the hotels directly:

Soria Moria Hotel Tel: +47 23 22 24 00 (approx. 15 minutes walking distance from Lysebu)

Scandic Holmenkollen Tel: +47 22 92 20 00

For further information please contact:
Norwegian Petroleum Society
Kristin Øinæs
Project Manager
tel. +47 455 07 475
E-mail: kristin.oinaes@npf.no