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SMi are pleased to announce SMi’s Kuwaiti Petroleum Summit to be held in London on the 20th and 21st April. This unique event has the support of the Department of Trade and Industry, the Arab American Chambers of Commerce and the Arab Petroleum Research Center.

Kuwait contains approximately nine percent of the world’s total proven reserves and remains one of the few oil countries with real potential for increasing production capacity. This event is your opportunity to gain insights into the recent liberalisation of the upstream market and of the planned modernisation and restructuring of the downstream sector. Under discussion will be suggestions and solutions to the barriers to investment in the Kuwaiti oil and gas sector, and legal issues to be taken into consideration.

These topics will be covered in both theoretical terms and through practical, current case studies provided by the leading industry experts, allowing all those involved in the oil and gas industry to be updated on the changes and opportunities which are currently occurring in Kuwait.

Conference programme

8:30 Registration and Coffee

9:10 OPENING ADDRESS

John G Wright

John G Wright, Senior Client Partner, Pricewaterhouse Coopers

  • Addressing the current supply/demand imbalance
  • Efforts taken to combat oversupply and their success
  • Effect of low oil prices - can prices stay at present levels?
  • Should gas prices be de-coupled from oil?
  • Future industry shape and trends
  • 9:40 REGIONAL COMPETITION

    Graham Knight

    Graham Knight, Associate Editor, Arab Oil & Gas

  • Scenario: major Gulf producers (Kuwait, Saudi Arabia, Iran) opening up just as oil companies’ E & P budgets are shrinking
  • Low production costs, large reserves
  • Gas sector to be developed - potential for: petrochemicals, downstream investments
  • Economic and political stability
  • 10:20 DOMESTIC VS INTERNATIONAL MARKETS

    Joel Bouchaud

    Joel Bouchaud, Senior Vice President, Elf Aquitane

  • Further development of the North field with the aim of increasing production and servicing the
  • Kuwaiti domestic market
  • Franchising and tendering issues for the domestic oil market
  • The involvement of Elf in the joint venture
  • The potential for further expansion and development within the domestic market
  • 10:20 Foreign Investment outside product sharing

    Geofrey Picton-Turberville

    Geofrey Picton-Turberville, Partner, Ashurst Morris Crisp

  • Precedents from the jurisdictions
  • Analysis of alternative contractual models
  • Contractual Structures
  • Particular issues involved in alternative models
  • Practical and legal issues
  • 11:00 Morning Coffee

    11:20 CURRENT AND FUTURE ENTRY STRATEGIES

    Ken Taylor

    Ken Taylor, Exploration & Production Business Services, Shell (to be confirmed)

  • Conventional, new and creative entry strategies
  • Understanding of the barriers to entry and how to overcome them
  • The realities of negotiation issues
  • 12:00 DEREGULATION ISSUES

    J Stewart Johnston

    J Stewart Johnston, Director, Arthur D Little

  • Deregulation of the Kuwaiti oil industry
  • The potential for further expansion and development
  • 12:40 Lunch

    14:00 INVESTMENT BY FOREIGN OIL COMPANIES IN KUWAIT

    Lance Johnson

    Lance Johnson, President, New Exploration and Producing Ventures, Mobil

  • Umm Gudair, Minagish, Raudhatan fields - supply of technical services
  • The scope of service agreements in Kuwait
  • The Governments involvement in joint ventures
  • Kuwait oil & gas production a market overview and investment opportunities
  • Development activity - bringing new development projects to fruition
  • 14:40 MANAGING RISK

    Angus McCallum

    Angus McCallum, Managing Director, Sedgwick

  • An overview of political and credit risk of investing in Kuwait
  • Availability of insurance to cover such risks
  • Assessing risk of operating in Kuwait
  • 15:20 Afternoon Tea

    15:40 ENTERPRISE RISK MANAGEMENT

    Charles Bradley

    Charles Bradley, Director, DBA Risk Management
    View Bio

  • Problems and prospects
  • 16:20 TAXATION

    Andrew O’Keeffe

    Andrew O’Keeffe, Solicitor, Simmons & Simmons

  • An overview of the current tax regime in Kuwait
  • Tax incentives and relief for the foreign and state investor
  • Business and value added tax
  • Fiscal reforms in the pipeline
  • The future of tax strategy, reform and procedure in Kuwait
  • 17:00 Chairman’s Closing Remarks and Close of Day One

    8:30 Re-registration and Coffee

    9:00 Chairman's Opening Remarks

    Bruce McMichael

    Bruce McMichael, Editor, Energy Day

    John Grundon

    John Grundon, ,

    9:10 GLOBAL OPPORTUNITIES

    Steve Lowden

    Steve Lowden, Director of Exploration and Production, Premier Oil

  • Global opportunities
  • Today’s value criteria
  • Role of the independent oil company
  • Perspective on Kuwait
  • 9:40 CONTRACTUAL ISSUES

    David Seller

    David Seller, Partner, Frere Cholmeley

  • Iran, Iraq, Saudi Arabia and Kuwait
  • Political differences vs. commercial incentives
  • Possible contractual solutions
  • 11:00 Morning Coffee

    11:20 DISCOVERING KUWAIT’S HYDROCARBON POTENTIAL

    Muhammad W Ibrahim

    Muhammad W Ibrahim, Consultant, Target Exploration Consultants

  • Geological and tectonic evolution of onshore and offshore Kuwait
  • Proven and potential hydrocarbon source rocks; reservoir rocks; seaing rocks
  • Giant hydrocarbon traps of Kuwait
  • Potential undiscovered structural, stratigraphic and combination traps in Kuwait
  • Proven discovered vs. potentially undiscovered hydrocarbons of Kuwait
  • 12:00 LIBERALISATION

    Jan Paul van Driel

    Jan Paul van Driel, Head of European Oil & Gas, Strategic Decisions Group

  • Activities that could create competitive advantage
  • Implications of privatisation and liberalisation in the Kuwait oil sector
  • Understanding the risks involved to optimise an entry strategy
  • The relevance of a stable legal framework to attract foreign investment
  • Building a contingent strategy to take advantage of evolving opportunities
  • 12:40 Lunch

    14:00 LEGAL CONSIDERATIONS

    Shahrokh Koussari

    Shahrokh Koussari, Solicitor, Merriman White

  • Concessions, profit sharing and netback
  • Particular case of ‘Robolkhali’
  • 14:40 TECHNOLOGY

    Peter Coakley

    Peter Coakley, Director, International Business, Hampton Data Services

  • Technology as an inward investment differentiator
  • Civil and commercial infrastructure
  • Technological infrastructures
  • National data banks
  • Faster, better, cheaper
  • 15:20 Afternoon Tea

    15:40 PROJECT FINANCE

    Stephen Mills

    Stephen Mills, Assistant General Manager, Sumitomo Bank

  • How will oil companies finance?
  • International bank attitudes towards Kuwaiti financings
  • Potential structures and sources of finance
  • 16:20 FINANCE STRATEGIES

    Shabeer Ahmed

    Shabeer Ahmed, Project Finance, Allen & Overy

  • What are the present funding possibilities in Kuwait?
  • Analysing the risk factors in Kuwaiti investment
  • Use of Islamic finance techniques as part of the financing package
  • 17:00 Chairman's Closing Remarks and Close of Conference

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