3rd Annual

Managing Oil and Energy Risk

WEB: www.oilriskmanagement.platts.com

PhonE: +44 (0)20-7176-6300

FAX: +44 (0)20-7176-8512

EmAil: conf_registrations@platts.com

Quick & Easy Ways to Register!

Hear from the industry’s leading organisations including:

• The Futures and Options Association

• E-Control – Austrian Energy Regulation Authority

• European Commission

• RWE npower

• MOL

• ERG

• Statoil

• Mercuria

• Barclays Capital

• J.P. Morgan

• Citigroup

• Next Energy Group

• JBC Energy

• TriOptima

• Eco Risk Markets

• Platts

• Exclusive Analysis

Key speakers from our 2011 speaker faculty include:• Anthony Belchambers, Chief Executive, The Futures and Options Association• Volker Zuleger, Regulation and Competition, E-Control – Austrian Energy Regulation Authority • Jan Panek, Head of Unit for Coal and Oil, European Commission• George Axiotis, Head of Risk Control, RWE npower• Gabor Horvath, Head of Risk Management, MOL• Domenico Floro, Risk Manager, ERG• Rob Manicke, Corporate Director of Quantitative Analysis, Statoil• Rudolf Huber, Chief Executive Officer, Next Energy Group• Johannes Benigni, Managing Director, JBC Energy• Chris Mudry, Chief Risk Officer, Mercuria• Mats Kjaer, Vice President - Quantitative Analysis, Barclays Capital• Susan Lilja, Executive Director, J.P. Morgan• Navin Parasram, Head of Commodity Exotics Trading, Citigroup• Mattias Palm, Business Manager, TriOptima• Paul Waine, Director - Risk Data Services, Platts• Randy Wilson and Evan Zuckert, Market Principals, Eco Risk Markets• Simon Thorne, Editorial Director, Platts• Anguel Grigorov, Director of Risk Data, Platts• Teymur Huseynov, Head of Energy Consulting, Exclusive Analysis

Register by 14 October 2011 and save $200

29-30 November 2011 • Mandarin Oriental Hotel, Geneva, Switzerland

Media partners:

www.oilriskmanagement.platts.com

Principal media partners:

Key areas to be explored:Based on research conducted with external customers and with our relevant editorial teams, Platts have put together what we believe to be our most comprehensive and structured risk management event to date. The conference has been divided into key themes which have been identified as critical to understanding how to manage oil and energy risk in 2011, highlights include:

• Strategic outlook: Hear about the current regulatory landscape and an overview of macroeconomic factors with insight from the EU Commission, the Austrian Energy Regulation Authority and The Futures and Options Association

• Managing market risk: Views from the financial and energy sectors on how to master volatile markets with presentations from ERG and Citigroup

• Mitigating credit risk: Discover how RWE npower, J.P. Morgan and Barclays Capital are ensuring they have effective counterparty management processes in place

• New market dynamics: Updates on oil and gas industry specific drivers from Next Energy Group and JBC Energy

• Risk management technologies and methodologies: MOL, Statoil, Mercuria and TriOptima bring you the latest initiatives designed to help implement a companywide risk management strategy

• Brand new for 2011! Benefit from Platts exclusive risk data and forward curve methodology forum

Mitigating risk, regulatory change and volatility...

Quick & Easy Ways to Register! WEB: www.oilriskmanagement.platts.com PHONE: +44 (0) 20-7176-6300 EMAIL: conf_registrations@platts.com Register by 14 October 2011 and save $200

Conference day one - Tuesday 29th November 2011

08.30 Registration and continental breakfast

09.00 Chairman’s opening remarks

Anthony Belchambers, Chief Executive, The Futures and Options Association

An outline of the pre-crisis programme for commodities regulation and the impact of the crisis on regulatory objectives for commodities

Strategic outlook: Current regulatory landscape and macroeconomic factors

09.15 Regulatory developments for European commodity markets

• Insight into the European Markets Infrastructure Regulation (“EMIR”)

• Review of the Markets in Financial Instruments Directive (MiFID)• Impact of politicisation of the agenda for regulatory repair

Volker Zuleger, Regulation and Competition, E-Control – Austrian Energy Regulation Authority

09.45 Comparison of the EU and US approaches to commodity markets regulation

• Understanding the scope of authorisation and exemption• Investigation into ownership of market infrastructures• Analysis of Over-The-Counter market regulation (clearing, execution

and margining)

Panel discussion:10.15 Meeting energy regulatory and compliance demands

for 2011• EU and international regulatory developments affecting

commodity derivatives• The Market Abuse Directive Consultation: Implications for

energy derivatives• EU financial regulatory reform: Major changes looming for

energy markets• What can be learnt from the US approach?• Understanding regulatory stances on position limits• Reporting requirements: What you need to know

Anthony Belchambers, Chief Executive, The Futures and Options Association

Volker Zuleger, Regulation and Competition, E-Control – Austrian Energy Regulation Authority

Jan Panek, Head Coal and Oil Unit, Directorate-General Energy, European Commission

11.00 Networking and refreshment break

11.30 Current initiatives in European energy policy• European energy roadmaps to 2050• Moving EU towards smart energy systems (smart meters,

grids, cities)• Proposals for increasing the safety of offshore oil and

gas operations• Potential impact of European energy policy on commodity markets

Jan Panek, Head of Unit for Coal and Oil, Directorate-General Energy, European Commission

12.00 Looking for geopolitical arbitrage opportunity: MENA unrest and implications for European energy markets

• Tightening of oil supply and price volatility vs. excess capacity• Assessing the impact on European natural gas and LNG markets• The contagion effect: What are the hotspots?

Teymur Huseynov, Head of Energy Consulting, Exclusive Analysis

Managing market risk

12.30 The emergence of risk in LNG• Why LNG risk management was a sham until today• What has to be changed in order to make it work

• A stab on a risk-balanced LNG supply chain

Rudolf Huber, Chief Executive Officer, Next Energy Group

13.00 Examining contemporary oil price trends and volatility• Oil prices – Analysing price and volatility trends• Assessing oil price drivers• What will happen to the price of oil next?• Do futures increase volatility or mitigate it?

Johannes Benigni, Managing Director, JBC Energy

13.30 Networking lunch

14.45 Determining probability distribution and risk appetite in the gas market

• Defining risk appetite and the various metrics used to do this • Determining the lognormal distribution of market related risk• Understanding and measuring the fair value of the hedge

George Axiotis, Head of Risk Control, RWE npower

Mitigating credit risk

15.15 Understanding credit risk measures used in commodity trading

• Discussion of different ways to measure credit risk and the advantages and disadvantages of each

• Credit risk mitigation techniques and how they affect Potential Future Exposure (PFE)

• The role of CVA in counterparty credit risk

Susan Lilja, Executive Director, J.P. Morgan

15.45 Computing and hedging credit valuation adjustment on an oil swap

Mats Kjaer, Vice President – Quantative Analytics, Barclays Capital

16.15 Networking and refreshment break

Platts 3rd Annual Managing Oil and Energy Risk conference is designed to bring together Europe’s leading oil and energy professionals to assess risk exposure and mitigation techniques within the framework of the volatile and regulatory demanding oil and energy commodities markets.

Platts’ unique and privileged position within the global energy sector has allowed us to again create Europe’s leading independent, content driven risk management event focused on commodity trading in markets affecting the oil and energy sectors.

“Very well organised. Offers practical insights in risk management through actual case studies.”— Godfrey Scicluna, Enemalta Corporation

Quick & Easy Ways to Register! WEB: www.oilriskmanagement.platts.com PHONE: +44 (0) 20-7176-6300 EMAIL: conf_registrations@platts.com Register by 14 October 2011 and save $200

New market dynamics

16.45 Risk management in a multi-energy company: A case study of ERG

Domenico Floro, Risk Manager, ERG

17.15 Managing energy risk – Going beyond exchange-traded derivatives

• The origins of market risk and real options• Risk-management tools and their application• Taking advantage of market volatility

Navin Parasram, Head of Commodity Exotics Trading, Citigroup

17.45 Networking reception

Conference day two - Wednesday 30th November 2011

08.30 Registration and continental breakfast

09.00 Chairman’s Remarks

Paul Waine, Director - Risk Data Services, Platts

Risk management technology and methodologies

09.15 MOL case study: Implementing and operating a successful enterprise risk management model

• Understanding the business needs of your organisation and how to best cover multiple risks including financial, operational and strategic risks

• What is the value proposition for implementing enterprise risk management?

• What are the key technological challenged for ERM and how can they be overcome?

Gabor Horvath, Head of Risk Management, MOL

09.45 Concepts of associations within energy price and risk structures

• Utilising examples from the oil and gas markets to observe correlation functions and decompositions

• Examination of the usage of heavy tailed distributions with their associated measures ie copulas

Robert Manicke, Corporate Director of Quantitative Analysis, Statoil

10.15 Networking and refreshment break

10.45 Risk management technology and process automisation

Chris Mudry, Chief Risk Officer, Mercuria

11.15 Portfolio compression: Pro-active risk management and capital reduction

• Increasing cost of carrying risk: Clearing and capital charges• Pro-active management of credit risk and its benefits• Minimising capital charges• Associated compression benefits: Reduction of balance sheet and

ops risk and costs

Mattias Palm, Business Manager, TriOptima

11.45 Chairman’s closing remarks

Paul Waine, Director - Risk Data Services, Platts

12.00 Close of conference

13.00 Methodology forum registration

Methodology for assessing forward curves in oil markets

13.30 Methodologies and approaches for increasing granularity and coverage of Oil Forward Curves in Europe and Asia

Simon Thorne, Editorial Director, Platts

14.15 Forward thinking in forward curves: Applying state of the art thinking to forward curve derivation and modelling

Anguel Grigorov, Director of Risk Data, Platts

15.00 Trusting forward curves in an illiquid forward market

Paul Waine, Director - Risk Data Services, Platts

15.45 Effective valuation in a volatile world

Randy Wilson and Evan Zuckert, Market Principals, Eco Risk Markets

16.30 Question and answer session

17.00 End of methodology forum

Maximise Your Networking Opportunities

Showcase your products and services to senior-level decision makers. Platts 3rd Annual Managing Oil and Energy Risk conference offers you an excellent opportunity to maximise your 2011 marketing

budget through these sponsorship opportunities:

Executive Sponsor • Breakfast Sponsor • Lanyard and Name Badge Sponsor • Luncheon Sponsor • Networking Reception

Sponsor • Networking Break Sponsor • Exhibitor

To learn more about sponsorship and exhibit opportunities, please contact Simon Marshall at +44 207 176 6229

or email him at simon_marshall@platts.com

5th Annual European Refining Markets 26-27 September 2011 Brussels, Belgium

2nd Annual Middle Distillates Markets 3-4 November 2011 Hamburg, Germany

3rd Annual Tanker Economics 5-6 December 2011 London, UK

5th Annual European Oil Storage 16-17 January 2012 Amsterdam, The Netherlands

Platts Upcoming Events

www.events.platts.com

“Very well organised. Offers practical insights in risk management through actual case studies.”— Godfrey Scicluna, Enemalta Corporation

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5

Managing Oil and Energy Risk 29-30 November 2011 • Mandarin Oriental Hotel, Geneva, Switzerland

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Commercial $1,799 + VAT @ 8% $1,999 + VAT @ 8%Credit card incentive $1,699 + VAT @ 8% $1,899 + VAT @ 8%Methodology forum (only): Free FreeThe full conference registration is payable in advance, failure to do so will require you to guarantee your place by credit card. The delegate fee includes breakfast, luncheon, refreshments and post-conference documentation.

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Venue:Mandarin Oriental Hotel • Quai Turrettini 1 • 1201 Geneva • Switzerland • +41 (22) 909 00 01

Discount accommodations:A limited number of rooms have been reserved for Platts 3rd Annual Managing Oil and Energy Risk conference participants at the Mandarin Oriental Hotel, Geneva at the preferential rates listed below. The discounted rates are for the nights of November 28-29, 2011 only. These rates will be honoured until 7th November 2011 — subject to availability.

Room Rates:Executive courtyard: Single Room price: CHF485 Double Room price CHF535 Executive Rhone: Single Room price: CHF535 Double Room price CHF585

ReservationsTo make your reservation please call the hotel directly on +41 (22) 909 00 01 and be sure to mention Platts 3rd Annual Managing Oil and Energy Risk conference in order to receive the preferential rates.*Rates are inclusive of service charge and VAT but exclusive of City Tax charged at CHF. 4.25 per person per night. Buffet breakfast will be charged at CHF 49 per person.

Substitution & cancellation:Your registration may be transferred to a member of your organization up to 24 hours in advance of the conference. Cancellations must be received in writing on or before November 22, 2011 in order to be refunded, less a $195 administrative charge. No refunds will be made after this date. In case of conference cancellation, Platts liability is limited to refund of the conference registration fee only. Platts reserves the right to alter this program without prior notice.

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FAX+44 (0)20-7176-8512

mAilStacey Knox 20 Canada Square Canary Wharf London E14 5LH, UK

PhonE+44 (0)20-7176-6300

EmAilconf_registrations@platts.comPlease include all information requested on registration card.

WEBSiTEwww.oilriskmanagement.platts.com

Easy Ways to Register!

Register by 14 October 2011 and save $200

Key areas to be explored:Based on research conducted with both Platts external customers and with our relevant editorial teams, we have put together what we believe to be our most comprehensive and structured event to date. The conference will be divided into five key themes which have been identified as critical to understanding how to manage oil and energy risk in today’s volatile marketplace:

• Strategic outlook: Current regulatory landscape and overview of macroeconomic factors

• Managing market risk: Mastering volatile markets

• Mitigating credit risk: Effective counterparty management

• New market dynamics: Industry specific drivers

• Risk management technologies and methodologies: Latest ‘blue sky’ thinking

Platts, 20 Canada Square, Canary Wharf, London E14 5LH, UK

3rd Annual

Mitigating risk, regulatory change and volatility...