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Topical Luncheons provide OTC attendees the opportunity to hear
presentations by leading experts on management, implementation,
research, and technology related fields in the offshore industry.
Tickets are required for each Topical Luncheon. Each ticket is
U.S. $35. Seating is limited. Participants are encouraged to purchase
tickets in conjunction with advance registration.
The Big Surprises in 2005
Matt Simmons,
President and CEO, Simmons Company International
Canada's East Coast Offshore Opportunities
Bruce Bowie,
Director General, Energy and Marine Branch, Industry Canada
Innovative Approaches to Gathering Systems
for Producing Wells in Deep Water
John Reed,
CEO, INTEC Engineering
The Critical Role Technology Has Played and Will Play in the Global
Reach of BP's Exploration Efforts
James Farnsworth, Technology Vice President,
Exploration, BP
Estimating Oil & Gas Reserves—Our
Most Important Asset
James
Hackett, President and CEO, Anadarko Petroleum Corporation
The Energy Resources Demand in China and Development
of China Oil Industry
Yuan
Guangyu, CEO and President, CNOOC/COSL
Security Issues for the Offshore Oil and Gas Industry
Captain Ronald
W. Branch, U.S. Coast Guard
Engineering Drives Projects—What Drives
Engineering?
William
Higgs, Co-Founder/President, Mustang Engineering
The Future of Subsea Technology
Richard
Frisbie, Sr. Vice President, Deepwater Technology,
Oceaneering
Opportunities and Challenges in the Deepwater
Gulf of Mexico
David Eyton, Vice-President, E&P Segment, Deepwater Development Projects, BP
Export-Import Bank Financing – Helping
Make US Companies More Competitive in International Offshore
Markets. A Case Study: Export-Import Bank and Sonatrach
Linda Mysliwy
Conlin, Member of the Board of Directors, Export-Import
Bank of the United States
US-Libyan
Relations
Ambassador
Ali Suleiman Aujali, Chief of the Libyan Liaison
Office, Washington, DC
Matt Simmons,
Chairman, Simmons & Company International
Each year, the OTC planning committee is forced to peer into the
future as it sets the agenda for the next annual conference. Trying
to divine "hot topics" a year in advance is never easy
in an industry as volatile and unpredictable as oil and gas.
During this presentation, Matt Simmons addresses "the big
surprises" that were not visible on anyone's radar screen
or planning board as the 2004 OTC came to a close. Shedding light
on why these events came as a surprise can help energy industry
leaders better cope with doing business under the umbrella of uncertainty
that marks the nature of offshore energy.
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Bruce
Bowie, Director General, Energy & Marine Branch,
Industry Canada, Ottawa, Ontario, Canada
The east coast of Canada presents significant challenges and future
potential. This luncheon discusses developments and describes measures
being implemented to encourage new investment, maximize industrial
opportunities and support the development of the oil and gas sector.
Offshore energy development in Atlantic Canada is a major contributor
to the economy of the region. The scope of investment and production
of the Hibernia, Sable, Terra Nova and White Rose projects are
huge, along with the value of exports and impact on the provincial
and national economies. However, from an international perspective,
Canada's East Coast is dwarfed by developments in the Gulf of Mexico
and the North Sea. It is still at a relatively early stage of development.
In 2002, an Atlantic Energy Roundtable was formed to bring together
the key stakeholders including federal, provincial and industry
leaders. This presentation addresses how the roundtable has worked
on points such as regulatory reform and industrial opportunities
and reveals the results achieved along with anticipated future
initiatives. This presentation concludes with a vision of what
Canada's east coast could become when it achieves its full potential.
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John Reed,
Chief Executive Officer, INTEC Engineering
Long-distance delivery management addresses the need to expand
the current ability to reach and effectively produce hydrocarbon
deposits farther and farther from significant infrastructure. New
discoveries are smaller and tend to be located farther from production
facilities. Many operators have made huge investments to install
large central production facilities including Spars, TLPs and FPSOs
to produce the main reservoirs, but production from the original
reservoirs will eventually decline. To maintain the facility at
full capacity and, more importantly, to fully exploit the investment
made, new reservoirs must be produced through the facility. The
ultimate goal is to produce from subsea to shore without the need
for expensive offshore production facilities. However, the goal
is limited by current technology and equipment.
The push is on for increasing the distance from wellhead to facility
to bring more reserves into economic viability. But the answer
does not lie in any single technology. This presentation highlights
the current projects using existing technology and describes the
gaps that impede the ultimate goal.
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James Farnsworth, Technology Vice President,
Exploration, BP
Following the mega-mergers of the late 90's,
the amount of money industry spent on exploration in seismic,
drilling and the associated
technology development, declined substantially. The need to
replace reserves, in the face of increasingly complex challenges
has
forced the E&P industry to re-emphasize the role of exploration
in resource renewal. It also has led, in several key cases,
to the majors taking a more aggressive approach to technology
development,
an area it formerly left to the contracting industry.
This luncheon focuses on the growing emphasis on renewal of the
industry's reserves base through exploration and exploration technology
development.
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James
Hackett, President and CEO, Anadarko Petroleum Corporation
A company's hydrocarbon reserves are its most important asset
and the proper accounting and estimation of those reserves is crucial
to a company's valuation. Beyond the SEC guidelines, there is no
cookie-cutter, one-size-fits-all approach to estimating reserves,
so investors should consider a number of factors when assessing
this asset. This discussion focuses on why the industry needs to
expand its disclosure and transparency around oil and natural gas
reporting. In addition, the presentation highlights how all reserves
are not created equal and the important implication of the current
value of booked reserves.
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Yuan Guangyu,
CEO and President, CNOOC/COSL
With the constant and rapid development of economy, the energy
resources demand China is now experiencing is unsurpassed. New
historic records have been created both in domestic energy resources
production and in import. The import quantum of oil of China has
reached 97 million tons, and the external dependence rate of oil
has reached 36.4%. Since its reform, China has realized the aim
of quadrupling the economy volume by doubling the energy consumption.
The annual growth rate of China offshore oil and gas output will
be maintained around 20% from 2000 to 2005, and 80% of total national
crude oil increment will come from offshore China. Offshore China
is one of the richest offshore oil deposit areas and accounts for
one-third of the total reserves of China. With more national major
oil companies' participation and deepwater exploration's development,
China offshore oil industry will enter a new era of rapid development.
During this luncheon, attendees will learn about the pressures
as well as opportunities for China oil industry.
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Captain
Ronald W. Branch, U.S. Coast Guard
Recent attacks against operations in the Arabian Gulf give prudent
cause to review the current status of security for all segments
of the offshore industry. During this luncheon, Captain Ronald
Branch will cover many security measures that offshore operators
should take into account, a few of which are listed below:
- Known infrastructure vulnerabilities
- Consequence management plans
- Required security procedures for vessel-to-vessel, vessel-to-offshore
facility, and vessel-to-shore facility operations
- Vessels loitering near facilities or tankers with embarked
persons perhaps taking photographs or drawing diagrams
- Suspicious aircraft operating near oilfield facilities or vessels
- Theft of company vessels, passes, personnel credentials, uniforms,
or any other items that could facilitate access by unauthorized
persons
- Theft of company standard operating procedures, security plans,
or other proprietary documents
- Large vessels operating outside recognized navigation fairways
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William Higgs, Co-Founder/President, Mustang Engineering
We've all seen good, mediocre and poor projects in our careers.
As each new project comes along, we think about our past experiences
and our basic strategies and optimistically anticipate a great
project. We know safety, stage gate, the project influence curve
and management of change are key ingredients for what we desire.
During this luncheon, we will discuss how we can improve project
execution by understanding what drives engineering.
When companies look back, it always seems like the engineering/procurement
phase largely set up the outcome as budgets, contracting strategies,
schedules and decisions are made. So, we know "engineering" drives
project outcomes. Once this is established, we can explore what
drives engineering to provide the outcome we want.
Owners, contractors, vendors and engineers will benefit from this
presentation with lively discussion.
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Richard
Frisbie, Senior Vice President, Deepwater Technology,
Oceaneering
This discussion looks at the direction in which technology and
equipment are progressing in the areas of subsea construction/completion,
intervention and life of field support. This presentation discusses
past and current drivers of these technologies; the cost implications
of these changes; and their likely evolutionary paths.
In addition, the presentation addresses some technologies and
processes that appeared promising but led to dead ends. The discussion
will explore ROVs, AUVs, and Resident ROVs and their associated
impact on deepwater developments. What can we learn from the past
to apply in the future?
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David
Eyton, Vice President, E&P Segment, Deepwater
Development Projects,
BP
David Eyton was appointed Vice President of the E&P Segment of Deepwater Development Projects for BP in August 2003. He oversees all existing and new projects developed for the company in the Gulf. Employed with BP since 1982, Eyton has primarily been based in the United Kingdom. In addition he has served in Australia as the General Manager of the North West Shelf and in Trinidad as the Business Unit Leader. He also has held various petroleum engineering and commercial and business management positions.
Eyton holds an engineering degree from Cambridge University.
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Linda Mysliwy Conlin, Member of the Board of Directors, Export-Import
Bank of the United States
The Export-Import Bank of the United States is the official export
credit agency of the United States. Export-Import Bank financing
for US goods and services helps US companies compete in the global
marketplace, with the ultimate goal of creating and sustaining
US jobs. Director Linda Conlin discusses how the Export-Import
Bank offers financing solutions to US exporters of offshore technology
and services to help access developing markets and counter foreign
competition. Director Conlin will emphasize Export-Import's strong
history in this industry and continued support for US companies
in markets around the globe. Director Conlin also discusses the
bank's strong partnerships with Sonatrach and other foreign buyers,
which help to facilitate the purchase of US goods and services.
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Ambassador Ali Suleiman
Aujali, Chief of the
Libyan Liaison Office, Washington, DC
The Ambassador will provide an overview of the development of the bilateral relationship
between the United States and Libya. This relationship has been developed since
Libya opened its borders in 2003. He will discuss past and future factors influencing
the political, economical and educational fields.
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