Created with Sketch. Add to Calendar 2019-11-05 09:00:00 2019-11-06 14:00:00 Europe/Oslo The 30th International Petroleum Tax Conference Scandic St. Olavs Plass, St. Olavs plass 1, 0165 Oslo Norsk Petroleumsforening The 30th International Petroleum Tax Conference_2019-11-05 09:00:00
05. to 06. Nov 2019

The 30th International Petroleum Tax Conference

Created with Sketch. OSLO

The organising committee are pleased to welcome you to the
30th International Petroleum Tax Conference 5-6 November 2019 in Oslo.

The 2019 International Petroleum Tax Conference will be the 30th since the inaugural event back in 1990. The Oslo conference has for many years been the leading such event in the Industry in terms of delegate numbers, quality and prestige of the presenters and breadth of the institutions/organisations they represent. This is only possible through the continuing support of the delegates, many of whom return faithfully each year; the organising committee is particularly grateful for this sustained commitment. The committee hope this year’s program will give delegates an update on fiscal trends – both on economic terms as well with a more policy approach – and issues internationally as well within the Norwegian petroleum industry.

 

We see a renewed interest for exploration in North West Europe, although the North Sea is now in a more mature phase of its lifecycle. Reducing unit operating costs to maximise remaining production and decommissioning existing structures in a way that both meets environmental standards and is cost effective from the standpoint of investors and governments are the major challenges. This will have an effect on challenges and opportunities that brings, but it also demands attention on coping with uncertainty from a tax risk management perspective. Tax changes to reflect this new phase of the industry will be reviewed together with oil & gas tax trends generally.

 

This year we will touch upon environmental taxes in light of the energy transition. We will also look at recent developments in state aid cases. All of these issues will be addressed at the conference in presentations, panel discussions and networking opportunities.

 

We extend a warm welcome to delegates attending for the first time and appreciate the continuing support of those returning to the conference again this year.

 

Special Offer for Young Professionals:

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 kristin.oinaes@npf.no for registration.

Program

Tuesday 05. November

08:30

Registration/Coffee-tea

09:00

Opening and welcome by the chair

Jim Robertson, JR Oil & Gas Limited
09:10

Keynote address

Rikard Gaarder Knutsen, Deputy Minister, Norwegian Ministry of Petroleum and Energy
09:50

From the board room

Hilde Merete Nafstad, Vice President Finance and Control, Equinor ASA
10:30

Coffee/tea – networking break

11:00

The New Normal of Global Oil Markets

Dr Carole Nakhle, Founder and CEO, Crystol Energy
11:40

Global fiscal trends- economic/terms

Graham Kellas, SVP, Global Fiscal Research,Wood Mackenzie
12:20

Lunch

13:20

Global and local tax trends

Richard Stern, Lead, Tax Policy for Government Services, EY Global
14:00

OECD BEPS 2.0 – potential impact on oil and gas companies

Aengus Barry, Partner, Deloitte LLP
14:40

Coffee/tea – networking break

15:10

Tax Neutrality – Different Rates of Return

J. Christian Grevstad, Attorney, Law Firm Harboe & Co, Oslo
15:50

Trends in upstream taxation in the North Sea - will it have an impact in Norway?

Ove Lykke Hindhede, Partner, PwC
16:30

End of session

18:30

Aperitif

19:00

Conference dinner

Dinner speaker: Alfred Grannas, Ambassador, Embassy of the Federal Republic of Germany

Wednesday 06. November

08:00

Morning Meeting Place

09:00

Opening and welcome by chair

Stig Sollund, Director General, Ministry of Finance
09:05

Environmental Taxes and Energy Transition

Anna Theeuwes, Global Tax Policy Manager, Shell International BV
09:50

Tax transparency update

Mark Robinson, Executive Director, EITI (Extractive Industries Transparency Initiative)
10:30

Coffee/tea – networking break

11:00

Recent developments in State aid cases.

Sjoerd Douma, Prof. dr. Lubbers, Boer & Douma / University of Amsterdam
11:40

2018 Tax Assessment Issues

Heidi Golimo Simonsen, Director Tax Audit Department, The Norwegian Oil Taxation Office
12:10

Taxpayers speech

Joachim Bjerke, Partner, Bahr
12:40

Closing remarks by chair

12:45

Lunch

Dr Carole Nakhle

Founder and CEO, Crystol Energy

Dr Carole Nakhle is the founder and CEO of Crystol Energy, an advisory, research and training firm, awarded Best Independent Energy Consultancy – UK 2018. With a unique breadth of experience, she has worked with oil and gas companies (NOCs and IOCs) at the executive level, governments and policy makers, international organisations, academic institutions and specialized think tanks on a global scale. She is active on the Governing Board of the Natural Resource Governance Institute and Member of its Audit and Finance Committee, and Advisory Board of the Payne Institute at the Colorado School of Mines. She is a program advisor to the Washington based International Tax and Investment Centre, and regular contributor to Geopolitical Intelligence Services and the Executive Sessions on the Political Economy of Extractive Industries at Columbia University in New York. She is also involved in the OECD Policy Dialogue on Natural Resource-based Development, where she contributed to the development of the organization’s Principles for Durable Extractive Contracts.
Dr Nakhle founded the not-for-profit organisation ‘Access for Women in Energy’ in 2007, with the aim of promoting the development of women in the energy sector, globally. She has also supported the development of similar initiatives in Ghana, Tunisia and the UAE, where she sits on ADIPEC’s Advisory Board for Inclusion and Diversity.
She has published two widely acclaimed books: Petroleum Taxation: Sharing the Wealth published in 2008 and re-printed in 2012 and used as primary reference in leading universities and industry training courses; and Out of the Energy Labyrinth (2007), co-authored with Lord David Howell, former Secretary of State for Energy in the UK.
In 2017, she gave evidence to the International Relations Committee at the UK Parliament on oil markets, the transformation of power in the Middle East and implications for the UK policy. In the same year, she received the Honorary Professional Recognition Award from the Tunisian Minister of Energy, Mines & Renewable Energy.

Richard Stern

Lead, Tax Policy for Government Services, EY Global

Global Lead, Tax Policy for Government Services, EY 2017 to present. Built and leading EY’s global team supporting governments’ analysis, design, and implementation tax policy and administration reform. Special emphasis on international tax issues and on supporting Public Financial Management programs. Working closely with global architects of the international tax system, including OECD, EU, and international organizations. Projects to date in EU, Middle East Asia, and Latin America.

Lead Tax Specialist, Global Tax Team, World Bank Group. 2015-2017.
Global lead, International Tax at the World Bank Group. Program focuses on implementation of transfer pricing instruments, tax treaty policy, and implementation of the G20 Base Erosion and Profit Shifting program. Operational work in Africa, Asia, ECA, MENA, and Latin America. Sector specific work on extractive industries and agriculture. Lead WBG work on tax transparency and in G20 analytical work. Co-author of WBG Offshore Financial Center Policy. Manage program budget of $20 million.

Global Program Lead, Business Taxation Program, World Bank Group, July 2007-2015
Designed and implemented Business Taxation Program; managed global and regional teams 2007-2013, then lead technical expert 2013-2015. Program focused on all taxpayer groups, including multinationals and SMEs; international and domestic tax instruments and administration. TA Program budget $15 million and in charge of fund raising/donor relations.

Academic Experience
Senior Lecturer, Vienna University, Tax and Law Faculty. 2013 to present. Courses for PhD candidates and Masters students on tax and development
Assistant Professor, University of California, Los Angeles, Department of Economics, 1994 to 1996.
Courses include seminars in international economics and intermediate macroeconomics.

Education
Ph D, University of California, Berkeley, Department of Economics, 1992.
Thesis title: Monetary and Financial Aspects of Economic Reform in Transition Economies
Fields of concentration: international economics, pubic finance, and macroeconomics.

Sjoerd Douma

Prof. dr. Lubbers, Boer & Douma / University of Amsterdam

Sjoerd Douma is a Partner at Lubbers, Boer & Douma and Professor of International & European Tax Law at the University of Amsterdam. Prior to his appointment in October 2017, he was a professor at Leiden University.

At the IFA Congress in Rio de Janeiro (2017), Douma was appointed as a Member of the Permanent Scientific Committee of the International Fiscal Association. Douma has specialized in corporate income taxation, tax treaties, European tax law (including Fiscal State Aid) and procedural law. He is a Member of the Board of the Dutch Association for International Tax Law (‘Nederlandse Vereniging voor Internationaal Belastingrecht’).

Douma is the lead instructor in the massive open online course ‘Rethinking International Tax Law’ which has attracted more than 40,000 participants from all over the world. In 2017, Douma received Coursera's Learners First Outstanding Educator Award, out of over 2,000 courses on Coursera. This award honours the instructor who best exemplifies the “Learners First” principle, as demonstrated by a combination of course ratings and course completions.

Douma has been a Deputy Judge in the Court of Appeals of Arnhem-Leeuwarden and a Deputy Judge in the District Court of Haarlem in the Netherlands between 2005-2018. He is a permanent contributor to leading Dutch and international tax journals and has authored and co-authored numerous publications and reports on national, international and European tax law. He is a frequent speaker at high level domestic and international conferences and seminars. In 2012, Douma’s PhD thesis ‘Optimization of Tax Sovereignty and Free Movement’ won the prestigious bi-annual Dissertation Prize of the Dutch Association for Tax Research.

Prior to joining Lubbers, Boer & Douma in March 2017, Douma has been practicing tax law at one of the big four accountancy firms for more than 12,5 years. He has represented both natural persons and companies before the tax authorities, the European Commission, the Dutch Supreme Court and the Court of Justice of the European Union. Douma has acted multiple times as an expert witness in international arbitration and court proceedings. Before joining private practice, Douma was a legal clerk at the Dutch Supreme Court, where he wrote draft judgments and opinions of the Advocate-General.

Joachim M Bjerke

Lawyer/partner, Advokatfirmaet BAHR AS

Joachim is head of BAHR’s tax group. His tax practise covers a wide range of areas within corporate and international tax, including transfer pricing, the special petroleum tax regime and structuring M&A transactions. Joachim’s vast experience of M&A transactions, including the corporate side, makes him a particularly valuable tax advisor in complicated transactions.

He is also one of the leading transfer pricing experts in Norway and assists clients with a variety of transfer pricing issues including tax litigation. Joachim has written one of the leading textbooks about transfer pricing in Norway and together with Jan B. Jansen, he also wrote a short introduction to the Petroleum Tax Regime, used as reading material at the University of Oslo.

Joachim was a member of the government-appointed eight-person expert tax that considered and proposed changes to the tax system in Norway (2013-2014). Their report forms the basis for last tax reform in Norway, implemented from 2015 onwards.

Joachim is also often used as lecturer in various tax subjects.

PROFESSIONAL EXPERIENCE
2003 - Partner, BAHR
2000 – 2002 Senior Associate, BAHR
1997 – 1999 Associate/Senior Associate, Law Firm Thommessen AS
2000 International Tax Program, Harvard University, USA
1996 Cand. jur., University of Oslo

PUBLICATIONS

Ongoing:
• Country chapter for Norway in IBFD's Mergers & Acquisitions database, updated twice a year.
• Country chapter for Norway in IBFD's Transfer Pricing database, updated twice a year.
• Various articles/commentaries in tax journals, newspapers and magazines.

2019 Bedrift, selskap og skatt, 7th edition (2019), 6th edition (2014), 5th edition (2010) and 4th edition (2006), co-author, leading text book for corporate tax in Norway.

2014 Transfer Pricing and Corresponding Adjustments, chapter in the book Festskrift til Frederik Zimmer, Oslo 2014.

2011 An introduction to Norwegian Petroleum Taxation, Oslo 2011 (with Jan B. Jansen)

1997 Internprising: Skattemessig prising av transaksjoner mellom tilknyttede parter – en historisk og komparativ fremstilling, Oslo 1997.

Practical information

Venue:

Scandic St. Olavs Plass, St. Olavs plass 1, 0165 Oslo

Conference fee:

  • NPF personal members NOK 9,900 plus 25% VAT
  • Non-members NOK 11,900 plus 25 % VAT

* We offer an early bird price with 10% discount when you register before 31 July 2019. *

Special Offer for Young Professionals:

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 kristin.oinaes@npf.no for registration.

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 100 to the total amount. All international payments must be approved before the conference starts.

The fee includes:

  • Conference papers
  • Coffee/tea
  • Lunches
  • Conference Dinner

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 1,600)
  • 1 year membership for conference participants – other local charters (NOK 1,000)

Cancellations:

Cancellations must be received in writing by 22nd October 2019, 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.

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 organiser will not be liable for any such unavoidable changes.

Accommodation:

We have pre-booked a number of rooms at Scandic St. Olavs plass which can be reserved when registering to the conference. Please note that accommodation is NOT included in the conference fee and must be payed upon checkout.

  • Single room, NOK 1,590 incl. VAT and breakfast.

For more information please contact:

Kristin Øinæs, Project Manager, Tel: +47 455 07 475, E-mail: kristin.oinaes@npf.no