Day 1 - 1 November 2017
8:00 am - 8:50 am Registration & Welcome Coffee
8:50 am - 9:00 am Welcome Address by Congress Chairman
9:00 am - 9:45 am Light at the End of the Tunnel: A Realistic Evaluation of Oil Markets in 2017 and Beyond
- Assessing oil markets in 2017- Structural reasons underpinning price stability in the $55-65 range post-2017
- Will a resurgent shale market necessarily be enough to offset rising demand by 2020?
- Can the offshore market remain competitive for capital investment with the current price structure?
- Assessing the future of deep water projects: Can projects be feasible at $45/bbl scenarios and implications for the FPSO industry
9:45 am - 10:30 am State of the FPSO Nation 2017
- Reviewing the oil and gas market in 2017- Reduced investments, cautious E&P activity, a resurgent shale market, and strong merger and acquisitions patterns
- Analysing the health of small-mid cap oil operators- Can they continue to weather the storm?
- Control what you can: Has the FPSO industry fully adopted cost-reduction measures to deliver projects efficiently?
- Hope is not a strategy: How can the offshore and FPSO market increase competitiveness against shale?
10:30 am - 10:40 am Speed Networking
This focused, 10-minute activity will allow you to connect with other FPSO professionals in a brief, personal and structured format. Use this opportunity to make new contacts, exchange business cards and plan further conversations throughout the next 2 days of the FPSO Americas Congress 2017 to maximise your networking opportunities, and have some fun while at it!
10:40 am - 11:00 am Morning Tea & Networking Break
11:00 am - 11:45 am Oil Operators and FPSO Contractors’ Power Panel: Optimizing Processes, People and Technology to Realise Successful FPSO Projects in the Current Environment
- Oil operator, FPSO contractor and supply chain collaboration in difficult times: changing project execution models and strategic partnerships
- Value optimization and improvements: Re-visiting CAPEX and OPEX reduction initiatives for FPSO projects
- Getting more from less: How we do we extract more value out of our people and process?
- How do you create more value for mature operating assets?
- The role of technology: Embracing and harnessing digital technology and innovative solutions- Do you dare take the first step?
- What are tangible cost-reduction initiatives that oil operators, FPSO contractors and supply chain have successfully implemented?
- Managing and leading change in challenging times: Retaining talent in the oil and gas industry
11:45 am - 12:15 pm Case-Study: Successful Delivery of Libra FPSO based on a EPC lump sum model
After an investment of more than USD1bn and 4,000 people over a period of two years, the FPSO Pioneiro de Libra left Singapore’s Jurong Shipyard in March 2017 for Brazil, where it will be the first FPSO to produce oil from the country’s Libra Block, one of the largest pre-salt oil reserves in the world. This session will discuss the key learning points that could be learnt from the entire EPC process, the main challenges the company faces during the entire project, and how it managed to innovate to solve some of these issues.
12:15 pm - 1:15 pm Lunch & Networking Break
1:15 pm - 1:45 pm Pros and Cons of Spread vs Turret Moored FPSOs
- Explaining the difference between spread and turret mooring systems for FPSOs
- Determining the most efficient and effective use of both spread and turret mooring systems
- Case-study by SOFEC on the most effective application of spread mooring system for FPSOs
1:45 pm - 2:15 pm Integrity Management of Mooring Systems for FPSOs
Having a mooring integrity management plan which allows potential problems on moored FPSOs to be addressed quickly with minimum impact on production is critical to an FPSO’s operations. This session will focus on what constitute a well-developed integrity management plan for FPSO mooring systems and how to implement it successfully.
2:15 pm - 2:45 pm Implementing Digital Solutions in Offshore Offloading Operations
This session will focus on how digital solutions can be implemented to improve the efficiency and reduce complications during offshore offloading operations. It will look at how smart hoses, with their integrated cloud-based access sensors, can enable predictive maintenance, increase service life, minimize operational downtime and improve long-term operating safety.
2:45 pm - 3:30 pm (Working Group) Analysing The Impact Of Simplification And Standardization On FPSO Project Execution And Operations
- Examining the various cost and time-savings benefits of simplification and standardization of FPSO modules
- Case-studies on how technology can be implemented to simplify and streamline FPSO work processes
- Future projection on how technology can be incorporated and improve standardization adoption in the FPSO industry
3:30 pm - 4:00 pm Afternoon Tea & Networking Break
4:00 pm - 4:30 pm The Outlook For FPSO Demand In A Depressed Oil Market
- The cost evolution for deep-water projects – from worst-in-class to best-in-class
- Will Subsea-tie-backs be a threat for standalone FPSO developments?
- Global forecast of FPSO orders in 2018-2020 – where is the most robust markets?
4:30 pm - 5:00 pm Understanding An Operator’s Perspective To Successfully Execute A Brownfield Project
What goes on when an operator decides to execute a project? What is the difference in operational, technical and cost requirements between greenfield and brownfield projects? This session will take a look at the various decisions and criteria to successfully execute a brownfield project from an operator’s perspective in order to help with operational planning, cost estimation and technical requirements.
5:00 pm - 5:30 pm Optimal Financing and Contracting Strategies for a Win-Win Outcome between Oil Operators and FPSO Contractors
- (re)Defining mutually beneficial terms and agreements for charter contracts
- Working on standard specifications to drive down cost and optimise projects
- Case study from MODEC and client