Annual Petroleum Economics Conference 2023
Welcome to the Annual Petroleum Economics Conference 2023!
When the Annual Petroleum Economics Conference took place in 2022, market prices were at record heights. Gas prices skyrocketed and hit almost 350 EUR/MWH before the markets started to cool down. We are now down to more normal levels, but the markets are still very uncertain with war continuing in Ukraine, rising inflation levels and the energy transition still high on the agenda. The Annual Petroleum Economics conference will give you the latest and greatest insight to the macro and market environment and the key uncertainties going forward.
The role and skillset of the E&P analyst is changing. Traditional investment analysis in oil and gas projects is still very important, but the analyst is now also exposed to new markets with different structures, risk profiles and return levels. The Annual Petroleum economics conference will cover a vast range of relevant topics for the E&P analyst including new energy solutions and various methodology presentations.
Last but not least, the conference is a great opportunity to network and meet new colleagues.
A very warm Welcome!
On behalf of the organizing committee,
Reidar Haver
Chair of Program Committee
Program
Tuesday 31. October
Registration and Coffee
Welcome and introduction

Update on the NCS
OPEC Strategy in a World With Weakening Oil Demand Growth
NCS Trends and Opportunities
Coffee and Networking
Inflation Is Slowing, and the Outlook Is Bright?
The Future Energy Industry on the Norwegian Continental Shelf
Lunch
Moderator: Kjetil Osen, Equinor

How Can Experts Know So Much and Predict So Badly?
Return Requirements and Cost Inflation - What Does It Mean for the Analysis?
Tax Optimization in E&P
Refreshments and Networking
How AI Will Change the Way You Work as a Data Professional
The Future of the NCS From a Political Perspective
End of day 1
Aperitif
Conference dinner
Wednesday 01. November
Coffee
Moderator: Thora Arneberg, Aker BP

European Energy Security – The Role of Norwegian Resources
Potential for Value Creation From New Technologies in Vår Energi
Coffee and Networking
From the Pitch to the Boardroom: David Torvik Tønne’s Journey to CFO in Aker BP at 34
Will Us Oil Production Continue Its Rapid Growth With Oil Prices Stuck at 60-70 $/B? If Not; What Are the Consequences?
Lunch
Moderator: Petter Aabø, Vår Energi

Geopolitics and Energy Post Ukraine
Northern Lights – Trailblazer for CO2 Transport & Storage as Commercial Service
Refreshments and Networking
Floating Gas Power With CCS - The Solution to the Climate and Energy Crisis?
Transition to a Low-Carbon Economy
Investing in the future of NCS – Petoro perspectives
End of Conference!
Practical information
Members of Conference Committee:
- Reidar Haver, OMV (Chair of Committee)
- Kjetil Andreas Osen, Equinor
- Ådne Klungland, ConocoPhillips
- Martine Midtsand Hovland, Aker BP
- Thora Arneberg, Aker BP
- Tønnes Tjersland, Ministry of Petroleum and Energy
- Trond Arne Halvorsen , Norwegian Peroleum Directorate
- Petter Aabø, Vår Energi
Organiser:
Norwegian Petroleum Society (NPF)
Conference language:
English
Venue:
Clarion Hotel Energy,
Ishockeyveien 2, 4021 Stavanger, Norway
Conference fee:
NPF personal members NOK 7,600 plus 25% VAT
Non-NPF-members NOK 9,100 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:
Company discounts:
Pay a full fee for the first five participants. Numbers six and above will receive 50% off.
Bring a colleague under 30 for half price! Participant no. 2 or more under the age of 30 from the same employer receives a 50% discount on the conference fee. Contact the project manager tove.danielsson@npf.no for registration.
Conference Dinner:
Dinner is not included in the conference fee and must be chosen separately when registering. Fee is NOK 980,- plus 25% VAT.
Thank you to OMV that have sponsored cider tasting this year!
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. Reduced membership fees apply for young professionals under the age of 34, students and seniors.
Accommodation:
Clarion Hotel Energy, Ishockeyveien 2, 4021 Stavanger, Norway
Rooms may be booked when you register for the conference, and must be paid upon check-out.
Price per night (incl. breakfast): NOK 1,650 for single room. NPF is not responsible for no-shows.
Cancellations:
Cancellations must be received in writing by 17th October 2023, 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.
Contact:
For further information please contact:
Norwegian Petroleum Society
Tove Danielsson
Project Manager
tel. +47 452 48 348
E-mail: tove.danielsson@npf.no