ogf amsterdam brochure

The conference for the offshore oil & gas asset finance network

@OGFGlobal #OGFAmsterdam

CONFERENCE PROGRAMME

Amsterdam Marriott Hotel 18th-20th March 2015

www.ogfglobal.com/ogf-amsterdam

BROUGHT TO YOU BY:

PART OF:

OPERATORS AND E&P COMPANIES

ELIGIBLE FORFREE ATTENDANCE

MORE INFO ON REVERSE

GOLD SPONSORS: ICEBREAKER COCKTAIL RECEPTION HOST:

REFRESHMENT BREAK HOST: BREAKFAST HOST:

Welcome to the OGF Amsterdam 2015 programme - your ultimate guide to OGF Globals launch event held in Amsterdam on the 18th*-20th March 2015.OGF Amsterdam offers a fantastic opportunity to gain a uniquely global perspective on financing of offshore exploration and production assets presented by industry experts. The event will bring together market-makers from across the deal chain, providing an efficient platform, perfect for networking and dealmaking.

OGF AMSTERDAM 2015: THE CONFERENCE FOR THE OFFSHORE OIL & GAS ASSET FINANCE NETWORK

WHO SHOULD ATTEND

Banks

ECAs

Law firms

Private equity

Investors

OSV operators

FPSO operators

Pipelay operators

E&P companies

Multilaterals

NOCs

IOCs

Offshore construction companies

Shipyards

Alternative financiers

Drillships operators

PSVs and subsea operators

WHY ATTEND

@OGFGLOBAL #OGFAmsterdam WWW.OGFGLOBAL.COM/OGF-AMSTERDAM

HEAR leading market participants debate the opportunities and challenges of financing offshore O&G assets

PARTICIPATE in discussions on the most pertinent issues for the industry, including Mexican and Brazilian oil & gas markets

NETWORK with representatives across the offshore oil & gas finance sector and make connections crucial to your business

INTERACT with all delegates and access exclusive conference content using our innovative OGF Live mobile app

*The pre-conference field trip on Wednesday 18th March is separately bookable. More information overleaf.


SEPARATELY BOOKABLE PRE-CONFERENCE FIELD TRIP

WEDNESDAY 18TH MARCH 2015

11:30 Pick up at the Amsterdam Marriott Hotel13:00 Arrive at the Royal IHC shipyard for introduction, lunch and a tour around the Royal IHC shipbuilding facilities. The Royal IHC representatives will show and explain the process of building two 550 tonnes pipe laying vessels, followed by an interactive Q&A session.

16:00 Depart for the cocktail reception17:15 Arrive back at Amsterdam Marriott Hotel18:00 20:00 Icebreaker cocktail reception hosted by Royal IHC

To register: The field trip is exclusively available to OGF Amsterdam 2015 conference delegates.

Field trip price: 100 + VATSpaces are limited so early booking is advised.

Join us at the Amsterdam Marriott Hotel for an icebreaker cocktail reception hosted by Royal IHC.


MEET THE TEAMOGF Globals dedicated and experienced team will be with you at every step of the way. Whether you are sponsoring, speaking, attending or exhibiting, OGF Globals team combine an intellectual rigour in their approach to conference content with an operational flexibility and flair to make your event experience unique and valuable in equal measure.

WANT TO REGISTER?

Get in touch with Tanya Zinovjeva, Marketing Executive [email protected] | +44 (0)20 7779 8093

WANT TO FIND OUT MORE ABOUT THE AGENDA?Speak to Will Robson, Conference Editorial Manager [email protected] | +44 (0)20 7779 8423

INTERESTED IN SPONSORING?Contact Gerald Okullo, Business Development Manager [email protected] | +44 (0)20 7779 8618

GOT ANY QUESTIONS ABOUT THE HOTEL & LOGISTICS?Drop a line to Victoria Fox, Event [email protected] | +44 (0)20 7779 8943

Natasha Wood, General [email protected] | +44 (0)20 7779 8547


DAY ONE: THURSDAY 19TH MARCH8:00 Registration & morning refreshments

8:50 Chairpersons opening remarks

9:00 Industry Outlook: The oil price and its repercussions Short and long term oil price outlook Diminished capex and its impact on day rates and contract renewals Increased market discipline: The newbuild/scrapping balance and the impact on mar-

ket oversupplyJarand Rystad, Managing Partner, Rystad Energy

9:30 Global Heads of Offshore FinanceLiquidity, pricing and risk: The appetite of commercial banks for off-shore risk The impact of reduced covenants and reduced margins as competition rises Is the door to commercial bank debt closed on smaller asset owners? Bank innovations to maintain position in the market

Magnus Piene, Senior Vice President and Global Head of Offshore, DNB Bank ASA Peter Boogers, Global Head of Energy, ABN AMROErwin Nederkoorn, Global Head Oil and Gas Offshore Services, INGJarand Rystad, Managing Partner, Rystad Energy (Moderator)

10:15 Refreshments & networking break

11:00 The FPSO Session

This session will discuss the changing structures of FPSO finance deals and the growing trend towards hybrid structures to deal with rising costs and risk. The session will also include a case study to see one approach to FPSO finance in action20 minutes Case Study: FPSO Financing in action: An in-depth case study from ABN AMRO and SBM Offshore The impact of reduced covenants and reduced margins as competition rises Is the door to commercial bank debt closed on smaller asset owners? Bank innovations to maintain position in the market40 minutes Financing FPSOs: Structuring hybrid asset and project finance deals Financing increasingly expensive FPSO projects Balancing reduced construction costs with increased construction risk Mitigating risk to minimise costs in ever more ambitious environments

Antoine Saint Olive, Head of Offshore Infrastructure, NatixisHerv Lalli, Group Corporate & Project Finance Director, SBM OffshoreHugo Diogo, Director Energy, ABN AMRODuncan Peace, Director, Crondall Energy (Moderator)

12:00 Shipyard and operator cooperation: The shipyards role in successful deal completion What financial structures are shipyards offering to help potential clients deal with costs? Inter-shipyard competition and its effect on pricing: Is it worth taking construction risk to

minimise costs? If demand continues for increasingly complex assets can shipyards keep up and what

impact will this have on asset prices?

Guido Fieret, Manager, Treasury and Export Finance, IHC

12:30 The Brazilian Forum: Open question session tackling the key talking points of Brazils offshore industry

Mitigating sovereign risk in Brazil Keeping down the costs of using Brazilian shipyards In the shadow of BNDES is there room for international investors?

Marcos Szutan, Senior VP Corporate and Investment Banking, Itau BBAPatric Lange, Partner Oil and Gas, Daemon InvestimentosSergio Monaro, Head of Project and Export Finance Brazil, HSBC

13:15 Lunch


WEDNESDAY 18TH MARCH18:00 - 20:00 Icebreaker cocktail reception hosted by Royal IHC

sponsored by

sponsored by

14:30 The road to El Dorado? Is it too soon to move into the Gulf of Mexico or is there no time like the present?

Lingering questions over transparency and the resulting sovereign risk The risks of an emerging market: Will banks be willing to lend to Mexican projects? The issue of creditor rights in Mexico

Luis Miguel Labardini, Partner, Marcos y Asociados

15:00 Steadying the ship in rough seas: Financial restructuring amidst fallingoil prices Dealing with reduced revenue and increasingly expensive debt as the low oil price hits

exploration and production asset owners. Prepare for the worst, hope for the best; preparing financial structures for a long-term

reduction in the oil price. Mispriced and risky: mitigating risk through innovative structures and covenance for

borrows under financial distress.Reese McNeel, CFO, Sevan MarineDavid Manson, Partner, White & CaseMahmoud Atalla, Managing Director - Credit Situations Group, HSBCAlbert Stein, Managing Director, AlixPartners (Moderator)


16:15 Is the oversupply in OSVs set to continue? How will growth in deepwater and ultra-deepwater exploration impact orders?

The role of private equity involvement in the sector Financing the need for increasingly sophisticated vessels Is the future diversification or streamlining of services?

Per Kyrre Kvien, CFO, Olympic ShippingJay Daga, Deputy CFO, Topaz MarineNeil Hartley, Managing Director, First ReserveDmitri Mikhno, Director, Clarksons (Moderator)

17:00 Case Study: Seadrill US$1.5 billion ECA facility to finance the West Saturn, West Neptune, and West Jupiter What are the relative roles of the ECAs involved? How was the deal structured? Can this deal be replicated to finance the growing costs of assetsJonas Ytreland, Vice President, Seadrill

17:30 The Alternative Finance Forum: What is the appetite for financing offshore assets and must more be done to educate investors and mitigate risk?

The private equity appetite for offshore assets Project bonds as an alternative to project finance High yield bonds as a continuing option for operators

Torkell Vold, Managing Director, Offshore Merchant PartnersBob Maguire, Managing Director, CarlyleKnut Eivind Haaland, Managing Director, Global Head of Fixed Income Origination,DNB Bank ASA

18:15 Chairpersons remarks followed by a drinks reception



sponsored by

DAY TWO: FRIDAY 20TH MARCH

8:30 Morning refreshments

9:00 Chairpersons opening remarks

9:10 Halting the slide: What are drill-ship and rig companies doing to combat falling figures? Addressing challenges and identifying opportunities Asset valuations in an over-supplied market and the effect on loan collateral Competing with the Chinese rig finance model

Ronny Gothesen, Senior VP Offshore, DVBJonas Ytreland, VP Treasury & Financing, Seadrill Management Ltd.Paul Hillegeist, President & COO, Quest Offshore (Moderator)

9:55 ECAs in DepthThe changing character of global ECAs in the offshore sector and their importance in driving new projects and mitigating risk How are ECAs developing the products they offer? Inter-ECA competition and its effects on the market Developing hybrid ECA, bank and alternative finance deal structures

Victor Hoek, Head of Project Finance, AtradiusSolveig Froland, Director, GIEKOlav Einar Rygg, EVP and Director of Lending Shipping and Offshore, EksportkredittByung-Hyun Hwang, Senior Loan Officer, Offshore, KEXIM Moon-Gouk Chae, Director, Team Head of Offshore Team, Maritime Finance Department, K-Sure Guido Musso, Head of Export and Agency Finance, Citigroup (Moderator)


11:10 The sale/lease back model: Should this be accessed by more offshore asset owners? Is there sufficient appetite amongst investors to make these arrangements common-

practice? MLPs and leasing a growing trend in offshore The emergence of Chinese leasing companies and the advantages they offer

Wilhelm Christian Magelsson, Partner Shipping and Offshore, Pareto Project Finance

11:40 The operator spotlight: Are there sufficient financing options open tooperators?

How offshore activity is affecting day rates and utilisation levels and the effect this has on appetite for financing new vessels

The types of finance that operators are exploring Are we seeing increasing innovation on the buy-side in the pursuit of finance?John Boots, VP Finance & Treasurer, Pacific DrillingFrans den Houter, CFO, Heerema Marine ContractorsJan-Hein Jesse, Owner, Josco (Moderator)

12:25 Looking to the Future: Opening up FLNG

As the FLNG frontier looms on the horizon, this session discusses the potential financing options for these projects beyond just capital expenditure.Can the FPSO financing structure be used as a template for FLNG? Capex balance sheet mismatch: What finance is available to smaller FLNG

companies? ECA lending in FLNG/FSRU projects Is there a role in the market for alternative financiers?

Erwin Nederkoorn, Global Head Oil and Gas Offshore Services, ING Marc de Saint Gerand, Assistant General Manager Oil and Gas Project Finance, SMBCTor-Ivar Guttulsrd, Director FLNG Global Gas Solutions, American Bureau of Shipping (Moderator)

13:10 Chairpersons closing remarks followed by lunch



sponsored by

sponsored by

OGF Global, the offshore oil & gas finance network, is a leading provider of insight into financing offshore oil & gas exploration and production assets through content driven conferences. The OGF Global team are proud to be part of Euromoney Insititutional Investor PLC.

ABOUT EUROMONEY Euromoney Institutional Investor PLC is the leading international publishing, events and electronic information group, delivering business information to the financial, legal, energy and transport sectors for over 35 years.

Euromoney is at the forefront of global finance. Our teams expertise and knowledge goes deep into the most demanding and complex elements of the financial markets including asset finance, ECA finance, energy, infrastructure and project finance.

The Global AirFinance Conference Dublin1,200+ delegates, 400+ lessors, 300+ airline executives, representing 65 countrieswww.airfinancejournal.com/dublin2015

Euromoney Seminars Nordic High Yield Bond Conference200+ issuers and bankswww.euromoneyseminars.com/NHYB14

EUROMONEY ALSO BROUGHT YOU

SENIORITY OF DELEGATES WHO ATTEND EUROMONEY EVENTS30% Chairman/President / CEO /CFO / Global Head15% Director / Partner / Vice President / Deputy Head10% Finance Manager / Export Finance Manager / Risk Manager5% Senior Advisor / Senior Analyst / Senior Associate5% Other


The Global Export Finance Conference600+ delegates, 25+ ECAs, 120+ exporters, representation 40+ countrieswww.euromoneyseminars.com/GEF

The Amsterdam Marriott Hotel hosts OGF Amsterdam 2015

Join us at the Amsterdam Marriott Hotel in the heart of Amsterdam. Fully equipped to make your conference experience unique the Amsterdam Marriott Hotel is located close to Amsterdams main attractions including The Rijksmuseum, Van Gogh Museum and the world famous canals.

The venue has everything you need for business, including separately bookable meeting rooms available upon request (contact Gerald Okullo for more information), complementary WiFi and lots of informal space for networking.


Amsterdam Marriott Hotel 18th-20th March 2015 THE CONFERENCE FOR THE OFFSHORE OIL & GAS ASSET FINANCE NETWORK

TICKET OPTIONS AND PRICING:Conference fee: 1,599 +VAT (offer after 30th January 2015)

HOW TO REGISTER

For immediate information on this and related events, please call +44(0)20 7779 7222 (UK) or alternatively email [email protected]

GROUP BOOKINGS 3rd delegate: SAVES 200For bookings for 5+ delegates please email [email protected] or call +44(0)20 7779 7222

4th delegate: SAVES 300

1. Online: visit www.ogfglobal.com/ogf-amsterdam2. Email: [email protected]. Tel: +44(0)20 7779 7222

VENUE: Amsterdam Marriott Hotel, Stadhouderskade 12, 1054 ES Amsterdam, Netherlands. Tel: +31 20 607 5555 TRAVEL & ACCOMMODATION: When you register you will be sent a hotel booking form with details on how to book your accommodation.REGISTRATION FEE: The registration fee includes participation in the conference, lunches and documentation material, which will be available in electronic format the night before the event. Please use your username and password in order to access them. Conference passes are for an individual delegate only to attend both days of the event and cannot be split between days with others. 21% Dutch VAT will be added to all ticket prices.

TERMS AND CONDITIONS: Cancellations must be received in writing (letter, fax, email) by 5th March 2015. All cancellations received by this date will incur a 10% administration fee. If payment has been made, a refund less 10% will be processed; any outstanding invoices will be liable for 10% of the registration fee. Cancellations made after 5th March 2015 will be liable for the full conference fees. Should you be unable to attend the event, a substitute may attend in your place at no extra charge. OGF Global reserves the right to change details of the event, including speakers, sponsors, venue, currency and pricing at any time up to the date of the event.

DELEGATE ENQUIRES: If you would like to speak to a member of the team for further information on this events, please contact Venice EvangelistaEmail: [email protected] Tel: +44(0)20 7779 7222



Operators and E&P companies can apply for one of a limited number of complimentary passes

To find out more about the offeror register for the conference, please contact Tanya Zinovjeva

[email protected]+44 (0)20 7779 8093

ogf amsterdam brochure

Documents

ogf amsterdam

conference delegates

amsterdam marriott hotel18

amsterdam marriott hotel13

ogf globals team

royal ihc representatives

royal ihc shipyard

ogf globals launch event