HELD UNDER THE AUSPICES OF THE MINISTRY OF OIL AND GAS, SULTANATE OF OMAN


عقد تحت رعاية وزارة النفط والغاز، سلطنة عمان

Supported by

Hosted by

2018 TECHNICAL CONFERENCE PROGRAMME

08:00 – 09:00
REGISTRATION & COFFEE
09:00 – 09:20
WELCOME REMARKS BY THE CONGRESS CHAIRMAN
09:15 – 09:20
HOST MINISTERIAL KEYNOTE ADDRESS
09:20 – 10:00
MINISTERIAL PANEL - UNITED NATIONS: ACCELERATING PROGRESS THROUGH DIVERSIFICATION OF RESOURCES
  • The low oil price has provided both, a challenge and an opportunity, for the oil and gas sector. Fuelling an irreversibly hydrocarbon addicted world, the energy sector is supplying to meet the growing demands for hydrocarbons. With a recent upward surge in oil pricing and a slightly more stable market, the industry needs to begin planning for the near future focusing on value creation, increased margins and short-cycle investments.

    • Will exploration and production of shale and heavy oil surpass light oil in the future energy mix? 
    • Impact of global policy trends, energy reforms and agreements, and volatile prices on policies and development of heavy oil? Can agile regulations and subsidies     act as a catalyst for promoting sustainable and profitable development of heavy and ultra-heavy oil resources? 
    • What type of announcements and developments can we expect from governments and NOCs of oil producing nations in the next 5 years? 
    • Heavy oil sector as an engine for job creation, technological innovations and disruptions, and diversification of resources
10:00 – 11:00
OFFICIAL EXHIBITION INAUGURATION, COFFEE & NETWORKING
11:00 – 12:00
RETHINKING THE ENERGY OPERATION MODEL: AGILITY, ADAPTABILITY & GLOBAL COOPERATION IN REDEFINING THE FUTURE OF E&P
    • Shifting to digitally-enabled operating models and portfolios: playground for connected collaboration or intense competition? 
    • Prevailing trends and impact of digital transformation on E&P activities in the Middle East and globally. Are businesses adequately prepared? 
    • Enhancing commercial agility in supply chain contracts and why it is an imperative move to develop the heavy oil sector
    • Can advancements and innovation in Enhanced Oil Recovery help reduce heavy oil production OPEX? Can EOR advancements accelerate transformation of  heavy oil from an expensive to produce’ resource to a ‘go to fuel’ in the near future? 
    • Navigating through 5 year plans: forecasting the future of heavy oil business with focus on technology disruption enabling cheaper exploration of heavy oil, and increased interoperability between industries and sectors
12:00 – 13:00
MOVING FURTHER DOWNSTREAM: UNLOCKING REFINING POTENTIAL & VALUE CHAIN PERFORMANCE TO MEET THE RISING DEMAND OF HIGHER VALUE REFINED PRODUCTS
  • The last two years have witnessed a powerful change in the commercial strategies of today’s NOCs and IOCs. A new roadmap has been created with companies inclining towards integration of upstream and downstream operations to stay relevant and agile to the world’s evolving energy demands. 

    •  Integration of refining and petrochemical plants with heavy oil E&P businesses: a boon or bane?
    • Connecting business transformation and digital strategies to eliminate inefficiencies in upgrading heavy crude: a nice to have or must have?
    • Capitalising on infrastructure upgrades and technological advancements to manage costs and generate maximum revenue from finished products: identifying mid-term and long-term opportunities 
13:00 – 14:00
LUNCH & NETWORKING
14:00 – 14:30
DIGITISATION IN ENERGY: REVOLUTION OR EVOLUTION?
  • Digital innovation and integration is top priority on every CEO's agenda. Creating a futuristic and innovative oil and gas business is more than installing new technology. It requires a new business model, organisational structure, new strategies, and new talent. It will also bring along new questions, challenges and opportunities.

    • Integrating artificial intelligence and robotics in regular operations of production and upgradation of oil: impact on OPEX and operational excellence, challenges and long-term results
    • Exploring existing and upcoming technologies in the heavy oil sector, and how they can enable a smoother transition into the Fourth Industrial Revolution
    • Critical experiences and strategic priorities in creating a sustainable and innovative business and financial model for unconventionals
    • Delving deeper into existing policies and regulations governing the Information Technology sector, its impact on the oil and gas, and how effective governance can take digital transformation to the next level
    • Digital transformation: an amalgamation of IT, marketing and operations. How will digitisation impact these core functions and what skillsets do employees of today need to acquire in order to be future ready?
15:00 – 16:00
BANKING ON OPPORTUNITIES: ATTRACTING INVESTMENT, BUILDING A COMPETITIVELY ADVANTAGED HEAVY OIL SECTOR AND DRIVING THE VALUE CHAIN
  • The energy market is currently at crossroads between a surge in oil and gas demands, from growing emerging markets, and increasing pressure from environmental agencies on the oil and gas industry to adapt its technologies and strategies in line with the Paris climate change agreement. 

    With disruption knocking on the door, time is ripe for raising capital, and unlocking value through low-cost investment mediums, IPOs, M&As, and asset consolidation to support technological innovation, automating and integration processes, refinery upgradation, and E&P projects in emerging oil markets. 

    Bringing together operators, investment firms, private equity firms and banks to analyse, discuss and debate: 

    • Overview of investment trends in oil and gas with focus on heavy oil 
    • Dissecting potential investment opportunities in heavy oil in existing and upcoming projects 
    • Analysing the impact of increased investments in alternative energy sources on oil and gas; and how integrating renewables with heavy oil can build a better case for investment 
    • Diversification of portfolios by deploying capital in emerging markets: potential playfield or high risk trap? 
    • The US Shale Revolution: An investor perspective on its impact on heavy oil markets globally
    • Becoming future ready: Analysing the impact of cryptocurrencies, IPOs and crowdfunding on conventional oil investments; and what banks, investment  companies and operators need to do to keep up with the disruption 
14:30 - 15:00
DEVELOPING THE WORLD HEAVY OIL CONGRESS: THE COMMITTEE PERSPECTIVE
  • Bringing together the WHOC 2018 Advisory Board and the Technical Committee to reflect on organising the 2018 World Heavy Oil Congress & Exhibition, their expectation for the 2019 event, and how the heavy oil sector can be developed, regionally and globally, to reach its maximum potential.

15:00
CLOSE OF DAY 1
08:00 - 9:30
REGISTRATION & COFFEE
9:30 – 10:30
HEAVY OIL E&P PROJECTS: BUSINESS TRANSFORMATION STRATEGIES & SUSTAINABLE RESULTS
    • Mid and long-term projections on existing and upcoming projects
    • Minimising OPEX on projects and delivering maximum return on investment 
    • Strategies implemented to minimise environmental impact of EOR in E&P of heavy oil 
    • How can renewables and renewable technology contribute to the growing demands of oil and gas E&P? 
    • Is the new wave of renewable integration with hydrocarbon EOR a COP21 compliance or actual business sense?
    • Analysing investment trends, policy regulations, and subsidies available for E&P projects and how can they benefit oil and gas businesses
10:30 – 11:30
RESEARCH & DEVELOPMENT: A CRUCIAL STEP IN DISRUPTING AND ADVANCING HEAVY OIL SERVICES AND TECHNOLOGIES TO BE FUTURE READY
  • Oil and gas are the most used commodities in the world. With the world’s ‘easy oil’ on the brink of exhaustion, it is becoming increasingly imperative to explore and produce tomorrow’s hydrocarbons.

    With unconventional resources expected to become a major contributor in tomorrow’s hydrocarbon mix, developing technology to advance and upgrade these resources at a lower OPEX is imperative.

    • Overview of top-line research and development projects in E&P and refining for heavy oil; how can these benefit the sector in the coming 10 years?
    • Impact of low oil price on research and development projects, and in turn its impact on innovation and advancement in heavy oil projects 
    • Research and development in EOR; including developing EOR technology and methods that depend on alternate sources of energy 
    • Analysing the mid and long-term impacts of research and development on cost efficiency, operational excellence, and overall profits of the company
11:30 – 12:00
COFFEE & NETWORKING
12:00 - 13:00
BANKING ON OPPORTUNITIES: ATTRACTING INVESTMENT, BUILDING A COMPETITIVELY ADVANTAGED HEAVY OIL SECTOR AND DRIVING THE VALUE CHAIN
  • The energy market is currently at crossroads between a surge in oil and gas demands, from growing emerging markets, and increasing pressure from environmental agencies on the oil and gas industry to adapt its technologies and strategies in line with the Paris climate change agreement. With disruption knocking on the door, time is ripe for raising capital, and unlocking value through low-cost investment mediums, IPO, M&A, and asset consolidation to support technological innovation, automating and integration processes, refinery upgradation, and E&P projects in emerging oil markets.

    • Overview of investment trends in oil and gas with focus on heavy oil
    • Dissecting potential investment opportunities in heavy oil in existing and upcoming projects
    • Analysing the impact of increased investments in alternative energy sources on oil and gas; and how integrating renewables with heavy oil can build a better case for investment
    • Diversification of portfolios by deploying capital in emerging markets: potential playfield or high risk trap?
    • The US Shale Revolution: An investor perspective on its impact on heavy oil markets globally
    • Becoming future ready: Analysing the impact of cryptocurrencies, IPOs and crowdfunding on conventional oil investments; and what banks, investment companies and operators need to do to keep up with the disruption
13:00 – 14:00
LUNCH & NETWORKING
14:00 – 14:30
REFINING & MARKETING HEAVY OIL: ADAPTING TO THE CHANGING ENVIRONMENT
    • Infrastructure and technological developments including upgrading of existing plants for a healthy value chain 
    • Impact of light and heavy crude blends on refining and upgrading of heavy oil 
    • Capacity vs. supply and demand: Current challenges and opportunities for the future
11:30 – 12:00
LIFE OF FIELD ANALYTICS: HOLISTIC FIELD ASSET VALUE AND CAPITAL INVESTMENT PROGRAM
  • A recent industry statistic stated that 25% of UKCS developments deliver on promise whether that is CAPEX, schedule or NPV; which means an alarming 75% do not. Modern field development approaches must be used to improve that statistic.

    Advisian has spent the last three years working with internal and commercial software to develop the first life of field integrated asset model. Having a common platform for visualisation from the subsurface through the wells, production system, facilities and seeing the commercial impact of any change in that chain, means everyone is correctly focused. This presentation is focused on how the software gives the customer the opportunity to see the full life of field asset value and capital investment program rather than a view partitioned by disciplines and bias.

12:00 - 12:45
ENERGY ECONOMICS: IMPACT OF GLOBAL DECISIONS ON THE HEAVY OIL SECTOR
  • With many oil producing countries, especially in the Middle East, preparing for a future less dependent on oil, there is a change in national policies and strategies; creating a ripple effect on global policies and the future of many economies; especially emerging countries. This session will provide an economists perspective on:

    • Impact of IPOs, M&As and growing investments in the downstream sector on global energy policies: an economist's perspective
    • Analysing the growing demand for renewable energy technology and how this demand impacts the oil and gas sector on a macro level
    • Becoming future ready: Analysing the impact of cryptocurrencies, IPOs and crowdfunding on conventional oil investments; and what banks, investment companies and operators need to do to keep up with the disruption
12:30 - 13:00
RISING STARS OF HEAVY OIL: EMERGING REGIONS IN THE HEAVY OIL BUSINESS
  • Mid and long term strategies on recovering from the global glut and low oil prices, and building a resilient and investor-friendly oil and gas sector with  support of the State, NOCs, and IOCs

    • Overview of heavy oil inventories, and insights into existing and upcoming heavy oil E&P projects
    • An aerial overview of available opportunities for investment into heavy oil projects including but not limited to investments in E&P, research and  development, and building and/or upgrading existing refinery infrastructure and capacities 
    • Petronomics: Exploring fiscal regimes, government-NOC-IOC relationships and its impact on the heavy oil sector in emerging markets
14:15 – 15:00
DIGITISATION IN ENERGY: REVOLUTION OR EVOLUTION?
  • Digital innovation and integration is top priority on every CEO’s agenda. Creating a futuristic and innovative oil and gas business is more than installing new technology. It requires a new business model, organisational structure, new strategies, and new talent. It will also bring along new questions, challenges and opportunities.

    • Integrating artificial intelligence and robotics in regular operations of production and upgradation of oil: impact on OPEX and operational excellence, challenges and long-term results 
    • Exploring existing and upcoming technologies in the heavy oil sector, and how they can enable a smoother transition into the Fourth Industrial Revolution 
    • Critical experiences and strategic priorities in creating a sustainable and innovative business and financial model for unconventionals 
    • Delving deeper into existing policies and regulations governing the Information Technology sector, its impact on the oil and gas, and how effective   governance can take digital transformation to the next level 
    • Digital transformation: an amalgamation of IT, marketing and operations. How will digitisation impact these core functions and what skillsets do employees of today need to acquire in order to be future ready?
12:45
CLOSE OF DAY 2 & CLOSE OF THE STRATEGIC CONFERENCE