Home
overview

 

Efficient Financial Models are the key to developing a successful and cost effective project in the Oil and Gas Industry

SMi's second Financial Modelling in the Oil and Gas Industry conference will provide critical analysis and insight into modelling practices to guide senior decision makers as to the best approach for their organisation. Additionally the conference will include technical and practical sessions that will help develop invaluable modelling skills that all delegates can take away and apply to working projects.

With some of the key economic experts from across the industry offering their experiences and advice this is an essential conference to help your organisations deal with the challenges of the oil and gas sector in the unpredictable 2009.

 

Understand the key areas for financial modelling in the oil and gas industry

Learn best practice techniques and how to avoid worst practice

Strengthen your modelling skills

Equip yourself with a toolkit to enable sound and confident decisions

Identify industry specific risk and discuss how to model it effectively

 

Companies already registered include:

Danish Energy  • North London Waste Authority  • E.ON Ruhrgas • Petro Summit UK • Mero CR  • PB Ltd  • Nexen Inc • Wingas Storage UK • IFP Training • Palisade Europe • Det Norske Veritas • Repsol SA • Nunaoil AS • Probel Capital Management • Nexen Petroleum • RiskMetrics Group • AOT Trading AG • Standard Chartered Bank • Addax Petroleum and many more....

This event is targeted at high level decision makers responsible for deciding on the best approach their finance and risk teams should take to modelling for their organisations. The conference is ideal for:

 

  

·                 Heads of Financial Modelling

·                 Chief Finance Officers

·                 Chief Economists

·                 Chief Risk officers

·                 Heads of Quantitative Analysis

·                 Heads of Statistics

·                 Directors of Pricing and Hedging

 

Conference programme

8:30 Registration & Coffee

9:00 Chairman's Opening Remarks

Robert Manicke

Robert Manicke, Corporate Director of Quantitative Analyses, Statoil

9:10 ECONOMIC MODELLING IN PRACTICE

Christof Rüehl

Christof Rüehl, Chief Economist and Vice President, BP

  • Modelling needs in the resource sector
  • Tools versus outputs
  • A 'horses for courses' approach
  • 9:50 FAT TAILS AND FATTER CATS: WHEN TO BE REALLY SCARED IN THE MARKET

    Sam Van Vactor

    Sam Van Vactor, President, Economic Insight

  • Critical Analysis of modern financial theory
  • Price movement assumptions
  • Extreme markets and their distributions
  • 10:30 Morning Coffee

    11:00 FUTURE INTER-ACTIONS IN THE GAS-TO-POWER MARKETS

    Robert Manicke

    Robert Manicke, Corporate Director of Quantitative Analyses, Statoil

  • Spark Spreads-Intrinsic and Extrinsic Values
  • Gas and Power relationships: Gas storage and power dispatch
  • Modelling gas and power dynamics
  • 11:40 PETROLEUM EXPLORATION IN NW EUROPE AND ATLANTIC MARGIN – MODELLING GOVERNMENT TAKES AND INVESTOR RETURNS

    Gerardo  Arteaga

    Gerardo Arteaga, Senior Petroleum Economist, Aupec

  • Objectives of study and review of fiscal terms in each jurisdiction
  • Modelling methodology      
  • Economic assumptions and investment criteria employed
  • Calculation of tax and government takes
  • Comparison of results by country
  • How do investor returns compare? 
  • 12:20 Networking Lunch

    13:50 RISK AND DECISION ANALYSIS MODELLING

    Michael Rees

    Michael Rees, Global Director of Training and Consulting, Palisade Europe

  • Using Monte Carlo Simulation for uncertainty analysis in cost estimation, reserves modelling, portfolio aggregation, production decline and business case modelling
  • Using Decision Trees to value testing and project phasing decisions, and real options analysis
  • Optimisation modelling (ordering problems)
  • Other examples of modelling financial uncertainty in projects
     
  • 14:30 FINANCIAL MODELLING WITH REAL OPTIONS AND RISK CONSTRAINTS

    Derek Bunn

    Derek Bunn, Professor, London Business School

  • Understanding the motivation for modelling optionality in financial investment analysis
  • Optionality on refinancing as well as timing of investments
  • Simulation techniques for risk constraints
  • Including policy & regulatory risk as well as price, costs and volume
  • 15:10 ECONOMIC MODELLING FOR GAS-TO-POWER PROJECTS

    Nazim Osmancik

    Nazim Osmancik, Senior Consultant, International Infrastructure Analysis, IPA Energy and Water Economics

  • Characteristics and Challenges
  • The set-up
  • Integration with Financial Models
  • 15:50 Chairman’s Closing Remarks

    Robert Manicke

    Robert Manicke, Corporate Director of Quantitative Analyses, Statoil


     

    16:00 Afternoon Tea

    8:30 Registration & Coffee

    9:00 Chairman's Opening Remarks

    Robert Manicke

    Robert Manicke, Corporate Director of Quantitative Analyses, Statoil

    9:10 THE IMPACT OF GLOBAL CLIMATE REGULATIONS ON FUTURE GAS DEMAND FROM THE POWER SECTOR

    Daniel  Bida

    Daniel Bida, Senior Analyst - Utilities, RiskMetrics Group

  • Including a global regulatory update on carbon emissions, efficiency/conservation measures, renewable energy mandates
  • Discussion of current utility investment programs and what this means for future gas use, including the impact of successful carbon capture and storage commercialization
  • The shifting demand scenarios in North America, Asia and Australia as a result of climate regulations
  • 9:50 FINANCIAL MODELLING- A LENDER’S PERSPECTIVE

    Gerald Kenny

    Gerald Kenny, Consultant, Oil Finance Consulting

  • How do lenders use financial models?
  • What information do they require?
  • How do they carry out risk analysis?
  • How have they responded to the credit crisis?
  • 10:30 Morning Coffee

    11:00 CHALLENGES IN PRICING AND RISK MANAGEMENT

    Kevin Kindall

    Kevin Kindall, Director of Quantative Analysis, Commercial Division, ConocoPhillips

  • Structuring and deal valuation
  • Volatility
  • Managing the Risks: Thoughts on model robustness 
  • 11:40 COMBINING FINANCIAL AND TECHNICAL MODELLING WITH OPTIMIZATION FOR OIL & GAS APPLICATIONS

    Thomas Baeck

    Thomas Baeck, Advanced Technology Center and Chief Scientis, Netezza Corporation

  • Non-linear modeling, prediction and optimization
  • Applications in asset management, portfolio optimization, and other strategic areas
  • Applications in operational areas
     
  • 12:20 Networking Lunch

    13:50 RAPID PORTFOLIO VALUATION – AN INTEGRATED SOLUTION FOR RAPID AND COMPRHENSIVE PORTFOLIO ANALYSIS

    Felix  Majou

    Felix Majou , Principal Consultant , Palantir Economic Solutions

  • Show how you can use portfolio optimisation techniques to develop the best portfolio for a specific corporate strategy
  • Understand your exposure and the risk associated with your portfolio
  • Show a practical method for building risked portfolios using Swanson’s mean
  • 14:30 MODELLING DEBT REPAYMENTS TO FIT THE REVENUE CURVE

    Penny Lynch

    Penny Lynch, Project Finance Modelling Consultant, Lynch Financial Modelling

  • Cash sweep, dedicated cash flow or sculpted repayments, modelling CFADS-based repays without circular code – a problem for North Sea oil models in the 1980's
  • Still presenting challenges today
  • The revenue curves typically generated by the production profiles in oil & gas projects don't work well with traditional equal or annuity-style loan repayments
  • Setting repayment profiles which flexibly follow the shape of available cash creates modelling issues around circularity and structural issues around setting clear parameters for lenders and borrowers
  • Drawing lessons from history, and from PFI modelling, where intricate optimisations have required detailed review of similar issues

  •  

     

    15:10 OIL PRICE AND INVESTMENT DECISIONS BETWEEN RENEWABLE AND TRADITIONAL ENERGY PROJECTS

    Florrie Mazzorona

    Florrie Mazzorona, Senior Advisor, Partner, Zelya Energy

  • The traditional relationship between the oil price and energy investment decisions
  • Existing economic models, global overview, present opinion and available methodology
  • Zelya's developed financial model
  • Results and consequences for investors and industry trends
  • 15:50 Chairman’s Closing Remarks and Close of the conference

    Robert Manicke

    Robert Manicke, Corporate Director of Quantitative Analyses, Statoil

    16:00 Afternoon Tea

    +

    Workshops

    Financial Modelling of Upstream Oil and Gas Investments – an Introductory Workshop
    Workshop

    Financial Modelling of Upstream Oil and Gas Investments – an Introductory Workshop

    Crowne Plaza Hotel - St James
    10th November 2009
    London, United Kingdom

    Crowne Plaza Hotel - St James

    Buckingham Gate 45/51
    London SW1E 6AF
    United Kingdom

    Crowne Plaza Hotel - St James

    HOTEL BOOKING FORM

    Title

    SubTitle
    speaker image

    Content


    Title


    Description

    Download


    WHAT IS CPD?

    CPD stands for Continuing Professional Development’. It is essentially a philosophy, which maintains that in order to be effective, learning should be organised and structured. The most common definition is:

    ‘A commitment to structured skills and knowledge enhancement for Personal or Professional competence’

    CPD is a common requirement of individual membership with professional bodies and Institutes. Increasingly, employers also expect their staff to undertake regular CPD activities.

    Undertaken over a period of time, CPD ensures that educational qualifications do not become obsolete, and allows for best practice and professional standards to be upheld.

    CPD can be undertaken through a variety of learning activities including instructor led training courses, seminars and conferences, e:learning modules or structured reading.

    CPD AND PROFESSIONAL INSTITUTES

    There are approximately 470 institutes in the UK across all industry sectors, with a collective membership of circa 4 million professionals, and they all expect their members to undertake CPD.

    For some institutes undertaking CPD is mandatory e.g. accountancy and law, and linked to a licence to practice, for others it’s obligatory. By ensuring that their members undertake CPD, the professional bodies seek to ensure that professional standards, legislative awareness and ethical practices are maintained.

    CPD Schemes often run over the period of a year and the institutes generally provide online tools for their members to record and reflect on their CPD activities.

    TYPICAL CPD SCHEMES AND RECORDING OF CPD (CPD points and hours)

    Professional bodies and Institutes CPD schemes are either structured as ‘Input’ or ‘Output’ based.

    ‘Input’ based schemes list a precise number of CPD hours that individuals must achieve within a given time period. These schemes can also use different ‘currencies’ such as points, merits, units or credits, where an individual must accumulate the number required. These currencies are usually based on time i.e. 1 CPD point = 1 hour of learning.

    ‘Output’ based schemes are learner centred. They require individuals to set learning goals that align to professional competencies, or personal development objectives. These schemes also list different ways to achieve the learning goals e.g. training courses, seminars or e:learning, which enables an individual to complete their CPD through their preferred mode of learning.

    The majority of Input and Output based schemes actively encourage individuals to seek appropriate CPD activities independently.

    As a formal provider of CPD certified activities, SMI Group can provide an indication of the learning benefit gained and the typical completion. However, it is ultimately the responsibility of the delegate to evaluate their learning, and record it correctly in line with their professional body’s or employers requirements.

    GLOBAL CPD

    Increasingly, international and emerging markets are ‘professionalising’ their workforces and looking to the UK to benchmark educational standards. The undertaking of CPD is now increasingly expected of any individual employed within today’s global marketplace.

    CPD Certificates

    We can provide a certificate for all our accredited events. To request a CPD certificate for a conference , workshop, master classes you have attended please email events@smi-online.co.uk

    Event Title

    Headline

    Text
    Read More

    I would like to speak at an event

    I would like to attend an event

    I would like to sponsor/exhibit at an event

    SIGN UP OR LOGIN

    Sign up
    Forgotten Password?

    Contact SMi GROUP LTD

    UK Office
    Opening Hours: 9.00 - 17.30 (local time)
    SMi Group Ltd, 1 Westminster Bridge Road, London, SE1 7XW, United Kingdom
    Tel: +44 (0) 20 7827 6000 Fax: +44 (0) 20 7827 6001
    Website: http://www.smi-online.co.uk Email: events@smi-online.co.uk
    Registered in England No: 3779287 VAT No: GB 976 2951 71




    Forgotten Password

    Please enter the email address you registered with. We will email you a new password.