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Contact: Jennifer Patitz, +1.972.952.9321,
jpatitz@otcnet.org
RICHARDSON, Texas, U.S.A. (6 February 2004) – A General Session,
two Topical Luncheons and a panel session focus on risks associated
with offshore projects at the 2004 Offshore Technology Conference
(OTC), scheduled 3-6 May at Reliant Park in Houston.
The General Session, Risks
and Challenges to the Successful Execution of Major Offshore Projects,
is scheduled 1400 to 1630 (2 to 4:30 p.m.) on Wednesday, 5 May.
The presentation focuses on the future of the offshore industry,
which lies in deep water or in frontier regions. Costs for these
projects tend to be high, ranging from hundreds of millions to several
billions of dollars. Recent experience on major projects, as well
as recent trends within the industry, indicate executing such projects
will involve increased difficulty and risks in the future. Understanding
these risks is critical to the success of both operators and contractors.
This General Session addresses the four critical risks key to successful
execution of major projects worldwide—financial, contract,
geopolitical, and technological.
Participants for this session include:
- Moderator - Kris Nielsen, Chairman of the Board, The Nielsen-Wurster
Group, Inc.
- Rodney Cook, Africa and Middle East Business Unit Manager, Noble
Energy
- James "Buddy" DeVoe, Vice President, ABB Lummus Global,
Floating Production Systems
- Jean François Duhot, Vice President Development Studies,
Total
- Bart Heijermans, Vice President Offshore, GulfTerra Energy Partners,
L.P.
- Jon Erik Reinhardsen, Group Executive Vice President, Aker Kvaerner
A panel session, Commercial/Contracting
Strategies for Offshore Projects, is scheduled 1400
to 1630 (2 to 4:30 p.m.), Monday, 3 May. Participants in this session
discuss how in recent years, large EPIC/lump-sum, turn-key contracts
have incurred heavy losses for contractors and have not been able
to satisfy operator's expectations. Moreover, the industry is hesitating
to align its workforce as either a few "single-stop" shops
or using a "best-in-class" approach. This panel addresses
what model or solution could be mutually acceptable for both contractors
and operators.
Panelists for this session include:
- Moderator - Sandeep Khurana, Petroleum Engineer, J.P. Kenny,
Inc.
- Keynote - C. Tracy Harris, Engineering Manager Construction,
EP Projects, Shell International Exploration and Production, Inc.
- Jose Formigli, E&P-Services General Manager, Petrobras
- Bruce Crager, President, ABB Offshore Systems, Inc.
- Svein Eggen, President and CEO, Technip Offshore, Inc.
- Johnny Reed, CEO, Intec Engineering, Inc.
Two OTC Topical Luncheons also focus on risks:
1215
to 1345 (12:15 to 1:45 p.m.), Wednesday, 5 May
Business Relations between the Operators and the Service
Industry—Who Takes the Financial Risk of the Project
Presented by Daniel Valot, Chairman and CEO, Technip
Business relations between oil companies and service companies
have changed in the past few years. The bargaining power of oil
companies has increased, and insurance cost increases have led clients
to transfer bigger risks and liabilities on to contractors. Balance
between risks and rewards is becoming increasingly difficult. This
luncheon presents ways to restore a more balanced and cooperative
relationship between clients and contractors.
1215
to 1345 (12:15 to 1:45 p.m.), Thursday, 6 May
Managing Mega-Mega Projects
Presented by Graham Searle, Director of EP Projects, Shell International
Exploration and Production BV
Attendees learn about the intricacies of the U.S. $10 billion project,
Sakhalin Phase 2, built in the harsh environment of Eastern Russia.
This presentation includes how all the project's parts work together,
the challenges, and the opportunities for creative solutions.
For more information about the complete OTC technical program,
including speaker biographies, visit www.otcnet.org/2004.
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Founded in 1969, the Offshore Technology Conference is the
world's foremost event for the development of offshore resources
in the fields of drilling, exploration, production, and environmental
protection. OTC is held annually at Reliant Center at Reliant Park
in Houston. For more information, visit www.otcnet.org.
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