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Researching the important issues and arranging to meet the right people can take up too much time. At SMi’s two-day conference, the hard work has been done for you. Asset Acquisitions, Disposals and Swaps will provide you with an ideal forum for keeping abreast of the latest developments in the acquisition of reserves. Our comprehensive programme will give you an insight into new opportunities and potential pitfalls in the market.

And that’s not all. Feel secure in the knowledge that these issues are brought to you by top industry experts including:

Dipesh Shah Vice President and General Manager BP
Jerry White Finance Director Northern Petroleum
David J. Horgan Managing Director Pan Andean Resources
Kim Howell Group Head Mergers, Acquisitions & Disposals BG Group
Bob Moore Manager, Legal Affairs Enterprise Oil
Bob Kimber Portfolio Manager Lasmo
Juhapetri Laine Business Analyst Fortum

Attending this conference will enable you to:

  • Identify the key acquisitions and divestments issues in oil and gas industry in the current economic climate
  • Negotiate the best deals on your acquisitions and divestments
  • Reduce costs as result of acquisitions
  • Maximise the value of your reserve assets

Conference programme

8:30 Registration & Coffee

9:00 Chairman's Opening Remarks

Bruce McMichael

Bruce McMichael, Editor, Energy Day

9:10 PORTFOLIO MANAGEMENT

Dr  Spencer Roberts

Dr Spencer Roberts, Consultant, Paras Consulting

  • Strategic trend analysis
  • Establishing the correct criteria for portfolio management
  • Implementing an effective process
  • Leading edge technology in portfolio management
  • Managing options for success
  • Web enabling your portfolio
  • 9:40 NORTHERN PETROLEUM

    Jerry M. White

    Jerry M. White, Finance Director, Northern Petroleum

  • Overview of international assets
  • UK recent activities- Southern England
  • New acquisitions
  • Risks and ways of management
  • New prospect concept
  • Implementing new modern techniques for exploration
  • 10:20 THE COMPETITIVE ROLE OF ACQUISITIONS

    Dipesh J. Shah

    Dipesh J. Shah, Vice President and General Manager Acquisitions & Divestments, BP

  • Cost savings as result of acquisitions
  • Practical analysis of new acquisitions
  • Benefits of asset disposals
  • Mutual benefits from merging
  • Directions for development
  • A case study: the Gulf of Mexico project (‘Crazy Horse’ oil prospect)
  • 11:00 Morning Coffee

    11:20 THE ROLE OF THE TECHNICAL ADVISOR

     Neil Oates

    Neil Oates, Principal Geophysicist – Valuations, Scott Pickford

  • Determining the technical drivers
  • Assessing and quantifying risk
  • 12:00 CIECO EXPLORATION AND PRODUCTION UK EXPERIENCE

    James Stockley

    James Stockley, Exploration Manager, CIECO

  • CIECO partnership
  • Asset portfolio
  • Plans and strategies
  • 12:40 Lunch

    13:20 Afternoon Tea

    14:00 USTREAM ISSUES

    Duncan Rushworth

    Duncan Rushworth, Senior Consultant Petroleum Services Group, Andersen Petroleum Service

  • Drivers for divestiture
  • The role of the advisor
  • The changing market place
  • UK activity
  • The impact of the SDFI sale in Norway
  • The new breed of buyers
  • 14:40 OPTIONS ISSUES

    Juhapetri Laine

    Juhapetri Laine, Business Analyst, Fortum

  • Real option analysis - a part of analysis toolkit
  • Flexibility and uncertainty as value drivers?
  • Value of real options
  • 15:40 WHAT IS THE TRUE VALUE GAP?

    Peter Sibley

    Peter Sibley, Principal, A.T. Kearney Process Industry Practice

  • Retention value of the asset
  • Value to third parties
  • Prioritisation of opportunities
  • 16:20 TECHNICAL ISSUES

    Andrew Evans

    Andrew Evans, Director, London and Commercial Services, Reservoir Management

  • The technical issues; prospects, discoveries, developed assets
  • At what reserve level should value be attributed?
  • Disposing: promoting the full potential
  • Acquiring: the limits of time and data. Is there added value?
  • The balance of pragmatism, emotion and realism
  • 17:00 Chairman’s Closing Remarks and Close of Day One

    8:30 Re-registration and Coffee

    9:00 Chairman's Opening Remarks

     David Fassom

    David Fassom, Partner, Director, Hannon Westwood Associates HWA

    9:10 OPTIMISION OF THE DUTCH STATE ENERGY PORTFOLIO

    Martin R.H.E. Peersmann

    Martin R.H.E. Peersmann, Head Section Reservoir Research Department of Geo-Energy, Netherlands Institute of Applied Geoscience TNO National Geological Survey

  • Providing a rational for the national small fields policy
  • How to select assets for state participation based on the national Energy Policy?
  • 9:40 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
  • 10:20 LEGAL ISSUES

  • Nature of the deal - what? how? how much?
  • Preliminary issues - pre-emption, clearances, confidentiality, exclusivity
  • Information and its value
  • Managing risk
  • 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

    11:00 Morning Coffee

    11:20 ASSESSING PROJECT VALUE

    Bob Kimber

    Bob Kimber, Portfolio Manager, Lasmo

  • 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
  • 12:00 ASSET ACTIVITIES

    Art Kenich

    Art Kenich, Principal Management Consultant Oil & Gas, DNV Consulting

  • Decision support under uncertainty
  • Integrated risk management
  • Real options
  • Analysing key performance economic indicators
  • 12:40 Lunch

    14:10 CASE STUDY

    David J. Horgan

    David J. Horgan, Managing Director, Pan Andean Resources

  • There’s never been a better time to build an E&P company
  • Should juniors add assets by exploration or purchase?
  • Acquire assets or shares in companies?
  • What do shareholders want?
  • Financiers and Mark Twain’s umbrella.
  • Scepticism vs. imagination
  • 14:50 CASE STUDY

    Einar F. Semb

    Einar F. Semb , Senior Partner, PetroAdvisor

  • State Direct Financial Interest (SDFI) divestment
  • NCS ownership structures - opportunities and challenges
  • NCS added value after SDFI divestment?
  • 15:30 Afternoon Tea

    15:50 A NEW APPROACH

    Nick Hooke

    Nick Hooke, Director, Challenge Asset Management CAM

  • Having a plan - ‘who plans wins’
  • Conventional sales processes often get a good price for what is being sold, but this is not always predictable
  • How to realise the price premium that was paid
  • Seeking out assets where the current owners have overlooked areas of value and bidding accordingly
  • The value of a clear post- acquisition plan
  • How can buyers look beyond the purchase to realising the upside that they are acquiring?
  • 16:30 Chairman's Closing Remarks and Close of Conference

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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.

    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

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