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Do you need to find out more about cost estimation for reserve acquisitions? Need to hear about core asset development and competitive ranking? SMi’s fifth annual event, Reserve Acquisitions will provide you with an ideal forum for keeping abreast of these and more of the latest developments in Reserve Acquisitions, Disposals and Swaps.

Why should you attend this event? T

his conference aims to examine the current situation and issues surrounding the acquisition of reserves. It will study all aspects of reserve acquisition, from raising the finance, through to developing the reserve itself. As portfolio management plays a major part in oil and gas companies ownership of reserves, this will be examined in depth at the event.

Conference programme

8:30 Registration and Coffee

9:00 Chairman's Opening Remarks

Bruce McMichael

Bruce McMichael, Editor, Energy Day

9:10 ASSESSING PROJECT VALUE

Bob Kimber

Bob Kimber, Portfolio Manager, Agip

  • Evaluating assets and the decision making process
  • Risk factors and risk perception
  • Understanding uncertainty, risk and decision making
  • Reserve acquisitions through corporate take-over
  • Using alternative valuation techniques
  • 9:40 EXPLORATION PORTFOLIO MANAGEMENT

    David Bamford

    David Bamford, Head of Exploration Department, BP Amoco

  • Industry exploration performance in the 90’s
  • Making portfolio choices
  • Improving exploration success
  • Industry exploration performance in the 00’s
  • 10:20 ACQUISITION ANALYSIS, VALUATION AND FINANCE

    Michael Lynch-Bell

    Michael Lynch-Bell, Co-Director,Global Energy, Chemicals and Corporate Finance, Ernst and Young

  • Understanding investor drivers and motivators
  • Acquisition analysis
  • Overview of possibilities opened to both sides as a result of the deal
  • Raising financial support
  • Building the wider portfolio benefits
  • Can private equity provide an answer?
  • 11:00 Morning Coffee

    11:20 ACQUISITIONS OPPORTUNITIES IN SIBERIA

    Dr.Daniel Clark-Lowes

    Dr.Daniel Clark-Lowes, Director and Exploration Manager, Anglo Siberian Oil Company

  • Overview of Siberian fields
  • History of exploration and development
  • The size and availability of reserves in this region
  • Siberia’s geological structure and what this means for reserve acquisitions
  • Entering the market, the challenges facing international operators
  • New and future opportunities within the region
  • 12:00 RESERVE ACQUISITIONS: POLITICAL AND COMMERCIAL ISSUES (HUNGARY)

    Laszlo Gerecs

    Laszlo Gerecs, Managing Director, International Exploration and Production, MOL-Hungarian Oil and Gas Co.

  • Overview of the company position in the East European market
  • Competition in Hungarian market
  • Current opportunities and risks
  • Acquisition opportunities in Hungary
  • Company experience
  • Future of Oil and Gas industry in Hungary
  • 12:35 Networking Lunch Reception

    14:00 EFFECTIVE MANAGEMENT

    Mark G. McMurray

    Mark G. McMurray, Vice President, Advantage Energy Services

  • Asset management (Ideal state)
  • Critical windows of opportunity in the process
  • Business challenges
  • Total effective asset management practices
  • Demonstrated impact
  • Practical opportunities and limitations
  • 14:40 STAND ALONE VS PORTFOLIO VALUATIONS

    Graham Kellas

    Graham Kellas, Head, Economic Services, IHS Energy Group

  • Identifying the asset (exploration, development, production, transportation, company)
  • Establishing the stand alone project cash flow
  • Getting the fiscal terms right - the importance of the “ring fence”
  • Establishing the incremental impact on the portfolio cash flow
  • Comparison of stand alone versus incremental valuations
  • 15:20 Afternoon Tea

    15:40 NEW TECHNOLOGIES

    Kent Burkholder and Calden Rogers

    Kent Burkholder and Calden Rogers, Operations Manager and Manager, Merak and Indigo Pool

  • On-line A & D Process
  • Secure transactions
  • Managing virtual prospects
  • Using ASP’s for evaluation
  • 16:20 ADVISOR’S CONTRIBUTION TO A SELLER AND BUYER IN AN ASSET TRANSACTION PROCESS

    Einar F. Semb

    Einar F. Semb, Director, First Securities ASA

  • Catalyst in identifying transaction possibilities
  • Mediator role in swap deals
  • Value assessments
  • For NCS: advisory regarding section 10, the tax neutrality regulation
  • Competitor analysis
  • Financial solutions
  • 17:00 Chairman's Closing Remarks and Close of Day One

    8:30 Re-registration and Coffee

    9:00 Chairman's Opening Remarks

    John Bradbury

    John Bradbury, Editor, European Offshore Petroleum

    9:10 CORE ASSET DEVELOPMENT & PORTFOLIO MANAGEMENT

    Ole Johan Lydersen

    Ole Johan Lydersen, Vice President Strategy and Portfolio Development, International E and P, Statoil

  • The response
  • Focus and business model
  • Core asset development and competitive ranking
  • Risk Management
  • Portfolio consequences
  • 9:40 THE COMPETITIVE ROLE OF ACQUISITIONS

    Dipesh Shah

    Dipesh Shah, Vice President and General Manager, BPAmoco

  • Major restructuring of oil industry
  • Cost savings as result of acquisitions
  • Practical analysis of new acquisitions
  • Benefits of asset disposals
  • Mutual benefits from merging
  • Directions for development
  • 10:20 TO DEAL OR NOT TO DEAL?

    Bob Moore

    Bob Moore, Manager, Legal Affairs, Enterprise Oil

  • Understanding risk
  • Gambling or minimising risk?
  • Identifying hidden value
  • Using knowledge advantage
  • Changing risk profile
  • Development vs. Exploration
  • 11:00 Morning Coffee

    11:20 THE BANKS’ ROLE IN RESERVE ACQUISITIONS

    Colin Bousfield and Kevin Price

    Colin Bousfield and Kevin Price, Director, Oil and Gas Team and Associate director, Oild and Gas, Barclays Capital

  • The banker’s view on reserves vs. the seller’s/ buyer’s view
  • Development of the loan business
  • Barclay Capital’s experience in financing acquisitions
  • Overview on the structures of reserve based lending
  • Pitfalls in acquisitions: debt equity gap / mature fields / immature appraisal assets
  • The future-new products and innovative financial structures to bridge the debt equity
  • 12:00 ACQUISITION OR DISPOSAL – THE TECHNICAL ANGLE

    Dr Chris Johns

    Dr Chris Johns, Valuations Manager, Scott Pickford

  • The technical issues
  • On what reserve level should value be attributed?
  • Disposing – promoting the full reserve potential
  • Acquiring – dealing with the limits of time and data
  • Balancing pragmatism, realism and emotion
  • 12:40 Networking Lunch Reception

    14:00 Disposals and Swaps via the Internet

    Jill C. Lewis

    Jill C. Lewis, Managing Director, Exploration-Data Com Ltd

  • Highly visible promotional philosophy and opportunities
  • Attracting Interest from the International Oil and Gas Sector
  • Additional information available from seemingly unrelated sources
  • Collating Knowledge in the Timeframe Available
  • Xtranet facilities for private sharing of data
  • Maximising web communication opportunities without interruption to your business case
  • 14:40 MAXIMISING YOUR DEAL IN THE POST - MERGER WORLD

    David Fassom

    David Fassom, Partner and Director, Hannon Westwood Associates

  • The ‘Big Oil’ post – merger portfolio
  • Their non- – core dilemma, hold, sell or grow?
  • Factors influencing your Counter Parties behaviour
  • Identifying drivers and strategies for success
  • 15:20 Afternoon Tea

    15:40 DOCUMENTING AND NEGOTIATING THE DEAL

  • Pre-emption and clearances
  • Information and its value
  • Structuring the documentation
  • Structuring the negotiations
  • Making the deal happen
  • Doran Doeh

    Doran Doeh , Partner, Denton Wilde Sapte

    Doran Doeh

    Doran Doeh, Partner, Denton Wilde Sapte

    17:00 Chairman's Closing Remarks and Close of Conference

    +

    Workshops

    Buying Assets and Actually Making Money
    Workshop

    Buying Assets and Actually Making Money

    The Hatton, at etc. venues
    25th April 2001
    London, United Kingdom

    Buying Assets and Actually Making Money
    Workshop

    Buying Assets and Actually Making Money

    The Hatton, at etc. venues
    25th April 2001
    London, United Kingdom

    Mergers - Success or failure
    Workshop

    Mergers - Success or failure

    The Hatton, at etc. venues
    25th April 2001
    London, United Kingdom

    Mergers - Success or failure
    Workshop

    Mergers - Success or failure

    The Hatton, at etc. venues
    25th April 2001
    London, United Kingdom

    The Hatton, at etc. venues

    51/53 Hatton Garden
    London EC1N 8HN
    United Kingdom

    The Hatton, at etc. venues

    HOTEL BOOKING FORM

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    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.

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    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.

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

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    ‘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.

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    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

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