|
Chairman's Opening Remarks
Sturla Henriksen, Managing Director, Norwegian Shipowners Association
Drilling Market Outlook
• Drilling market outlook
• The impact of the newbuild programme
• Outlook for the Northwest European rig market
Rod Hutton, Managing Editor – Rigs, ODS-Petrodata
Please contact Rod Hutton for information on this presentation: RHutton@ods-petrodata.com
The Deepwater Horizon, a game-changer?
• DNV's involvement and response
• Industry changes?
Knut Ørbeck-Nilssen, COO, DNV
The Future of the Drilling Market
Steve Meheen, CEO, X-Drill (former Chief Operating Officer and President of Frontier Drilling)
Drilling Panel
• New rig orders worth USD 22bn have been firmed up recent six months with yards offering predelivery
financing for the majority of newbuild price
• How will companies finance their growth strategy?
• Scrapping of rigs: will we finally see large scrapping activity of mature rigs anytime soon?
• Upgrading the drilling fleet: premium rates offered for high-end units
• Quantifiying the risk premium: how much more efficient are the modern units vs standard units?
• Witnessing the recent newbuilding boom - what is the key driver behind placing the newbuild
order?
Geir Atle Sjøberg, President & CEO, Aker Drilling
Esa Ikãheimonen, CFO, Seadrill
Martin Fruergaard CCO, Maersk Drilling
Jon Willmann, CFO, Sevan Drilling
Steve Manz, CFO, Prospector Offshore Drilling
Moderator: Ingolf Gillesdal, Head of Industry and Company Analysis Shipping, Offshore and Oil Services, Nordea
The Lending Market
• Is there a Deepwater Horizon effect on evaluation of drilling projects?
• Role and magnitude of export credit agencies in financing today and tomorrow
• Is financing more expensive? Is it limited to the select few? How does bank debt in the offshore
market differ form that in classic blue water shipping?
• What does $100 barrel oil mean for your lending outlook? Is there still too much price volatility?
• What does the "Arab Spring" mean for the industry's prospects?
Saskia Hovers, Managing Director, NIBC
Sjur Agdestein, MD / Global Head Offshore Drilling Group, DVB
Magnus Piene, Senior Vice President & Global Head of Offshore, DnB NOR
Arne Berglund, Senior Vice President, Offshore & Oil Services, Nordea
Moderator: Larry Rutkowski, Partner, Seward & Kissel
Capital Markets
• What is the current market appetite for offshore? Are investors feeling full?
• Is there an undiscovered private equity capital base in Norway ready to invest in offshore and
shipping projects outside of the stock market?
• What defines a convertible bond window for shipping/offshore issuers?
Barry Wingate, Director, HSBC
Chris Weyers, Managing Director, FBR Capital Markets & Co.
Espen Marcussen, Managing Director, Head of Corporate Finance, Nordea
Bern Blikstad, MD / Global Head of Shipping, Offshore & Logistics, DnB NOR Markets
Petter Dragesund, Head of Corporate, Pareto Securities
Melvin Goergen, Equity-Linked Origination, EMEA Equity Capital Markets, Citi Markets & Banking
Moderator: Erling Lind, Partner, Wiersholm, Mellbye & Bech
The FPSO Market – Insight from a leading player
Knut Saethre, CFO, BW Offshore
Pipelay and Construction Support Vessel Market Outlook
• How are harsh & deepwater demand trends compared to shallow & benign market trends?
• How fast will present overcapacity be absorbed triggered by excessive vessel orders before the credit crunch?
• Will old vessels leave the market during present downturn?
Erik Simonsen, Principal - Europe/Africa, ODS-Petrodata
Pipelay and Construction Support Vessel Panel
Introduction: Growth, players and value creation in the SURF segment
Jarand Rystad, Managing Partner, Rystad Energy
• Are we approaching a market with scarcity of deepwater able pipelayers?
• The contractors' balance sheets are turned around from the beginning of last bull cycle. How does this
affect the vessel owner's business opportunities?
• The SURF market is currently experiencing a number of new entrants. How will this influence the market?
• What does the Subsea 7 / Acergy merger mean for the market?
• Source of profit in SURF: Asset ownership or add-on services?
Svein Haug, EMAS AMC
Lars Peder Solstad, CEO, Solstad Offshore
Rolf Amlé, Partner, RS Platou ASA
Magne Håberg, EVP Marketing & Sales, STX OSV
Jarand Rystad, Managing Partner, Rystad Energy
Moderator: Geir Sandnes, Equity Research, RS Platou Markets
|
