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

2019 STRATEGIC CONFERENCE PROGRAMME

08:00 – 09:00
REGISTRATION & COFFEE
09:00 – 09:20
WELCOME REMARKS BY THE CONGRESS CHAIRMEN
09:20 – 10:00
FUTURE-PROOFING THE HEAVY OIL SECTOR: ENCOURAGING GLOBAL COLLABORATION & COOPERATION, AND REDEFINING STRATEGIES & POLICIES ON A GOVERNMENTAL LEVEL
  • Energy systems around the world are going through rapid transitions that will bring about important changes to the way we fuel our cars, heat our homes, and power our industries. With the global energy demand increasingly pivoting towards clean energy and lower carbon emissions, renewable energy sources are expected to hold a larger share in the future energy mix currently dominated by oil and gas.

    • Analysts expect the global demand for oil will peak in 2030 at 108 million barrels per day. How are oil producers combating this today? How can smart technology support the industry in producing and upgrading heavy and extra-heavy oil in an environmentally-friendly way? How can governments enable innovation in their countries?
    • From agile fiscal contract agreements to boost IOC involvement to attracting investments from foreign investors, how are governments redefining strategies and policies in the current geopolitical climate? How do decisions by international bodies such as OPEC, MARPOL, and IMO amongst others impact governmental policies?
    • How are governments supporting the midstream and downstream sectors? With policies favouring the molecule-sourcing upstream sector, how is this impacting the refining and upgrading of heavy oil? What change is required at the governmental and inter-governmental levels to support policies that will accelerate growth and enable refineries to upgrade infrastructure, invest in research and development, and facilitate rapid technology innovation?
10:00 – 11:00
Exhibition inauguration and Coffee
11:00 – 11:45
PRODUCING MORE WITH LESS: LEVERAGING NEW TECHNOLOGIES & REALIGNING STRATEGIES TO IMPROVE RECOVERY IN CURRENT ECONOMIC CLIMATE
    • Oman, Kuwait, Bahrain and Saudi Arabia are leading the way in producing more with less; is the Middle East the new hub of heavy oil recovery? How could this change the way heavy oil is produced and traded globally?
    • With over 1 trillion barrels of potentially recoverable oil in existing mature fields, and an approximate 4,600 billion barrels of heavy and extra-heavy crude, are we innovating technologically at the required pace? How are we leveraging existing technologies to improve recovery sustainably, and in an environmental-friendly manner?
    • Workforces in the Middle East are exposed to light oil and gas operations. With increased heavy oil operations and EOR methods employed to increase recovery from mature fields, how are CEOs and business leaders training their workforce? Can a collaborative approach with producers in Canada, United States, Venezuela and other experience heavy oil producing countries enable a stronger, leaner workforce equipped?
    • With sanctions on Venezuela and Iran, how are producers meeting the demand for heavy oil from Asian countries? What kind of new deals and contractual agreements are in place to offer a win-win situation to producers and consumers?
    • Medium to Long term outlook: What will the heavy oil industry look like in 10 years from today? What can we do today to ensure an upward movement on the growth graph?
11:45 – 12:30
ATTRACTING INVESTMENTS & SECURING PROJECT FINANCES ACROSS THE VALUE CHAIN: A HOLISTIC PERSPECTIVE IN OIL & GAS
    • In 2018, Clean Energy Investments exceeded USD 300 billion. How has this impacted oil and gas projects? How much of this has been enabled by the perception pessimism against the industry?
    • Evaluating the breadth and depth of a diverse corporate strategy on attracting investments – from short cycle investments to project finance, and IPOs. How have these unconventional approaches enabled attraction of investment, whilst effectively managing associated geopolitical and pricing risks?
    • Dissecting asset consolidation, M&A and JVs, as an effective route to reshaping portfolios and diversifying into alternative markets and businesses
    • Increasingly, NOCs are adopting flexible means of structuring the monetisation of their upstream resources; simultaneously accelerating their downstream activities. How can host governments support IOCs and service providers with flexible regulatory policies to attract more investment into the country, and enable more oil and gas projects to be undertaken?
    • Smart-financing: Are cryptocurrencies the future of investments for oil and gas projects? How can oil and gas companies effectively utilise intelligent analytics and data to attract investments with calculated risks?
12:30 – 13:30
ROUND TABLE DISCUSSIONS
  • TABLE 1: IN-COUNTRY VALUE PROGRAMME: HARNESSING OMANI POTENTIAL IN THE OIL & GAS INDUSTRY 

    • Review of the Omani ICV Programme from 2013 – 2019: achievements, opportunities, and possibilities
    • Engaging with expats to fuse global perspectives and experiences with local knowledge to stimulate innovation, efficiency, and productivity

    TABLE 2: CAPITALISING ON FUTURE OPPORTUNITIES THROUGH A DIVERSE WORKFORCE

    • Inclusion & Diversity: What is it? Why is it important? How can it affect your bottom line? How can intuitive I&D policies on a governmental benefit Oman’s ICV initiatives in oil and gas?
    • Analysing how cultural and cognitive biases play a critical role in hiring and developing people

    Table 1: IN-COUNTRY VALUE PROGRAMME: HARNESSING OMANI POTENTIAL IN THE OIL & GAS INDUSTRY 

    Table 2: CAPITALISING ON FUTURE OPPORTUNITIES THROUGH A DIVERSE WORKFORCE

    • Review of the Omani ICV Programme from 2013 – 2019: achievements, opportunities, and possibilities
    • Engaging with expats to fuse global perspectives and experiences with local knowledge to stimulate innovation, efficiency, and productivity
    • Inclusion & Diversity: What is it? Why is it important? How can it affect your bottom line? How can intuitive I&D policies on a governmental benefit Oman’s ICV initiatives in oil and gas?
    • Analysing how cultural and cognitive biases play a critical role in hiring and developing people
13:30 – 14:30
Lunch & Networking
14:30 – 15:15
THE ECONOMISTS’ PERSPECTIVE: HYDROCARBONS BUSINESS IN THE AGE OF GEOPOLITICAL UNCERTAINTY, SHIFTING ALLIANCES, TRADE WARS, & GAME CHANGING DIGITAL STRATEGIES
    • Analysing the impact of accelerated boost in clean energy investments and decarbonisation regulations on the oil and gas sector with focus on talent attraction, capital investments, and fiscal policies
    • Evaluating fiscal contracts against the backdrop of current geopolitical risks, trade wars, and shifting alliances
    • From creating diversified portfolios to forging unconventional strategic alliances - Digging deeper into how oil and gas companies can secure and future-proof their portfolios in a lower carbon world
    • China’s Belt Road Initiative will connect over 65 countries, collectively, holding up to 75% of the world’s known energy resources. How is this forecasted to affect supply and demand of hydrocarbons in the future; particularly for emerging markets?
15:15
Close of Day 1 of Strategic Conference
08:00 – 09:00
Registration & Coffee
09:00 – 09:45
DEVELOPING A ROBUST VALUE CHAIN: ADVANCING INNOVATION IN REFINERY OPERATIONS, INFRASTRUCTURE & TECHNOLOGIES TO DERIVE MAXIMUM VALUE PRODUCTS
    • Digital transformation can cut refinery operational costs by more than 10 percent; translating into millions of dollars of savings per year. Evaluating current technologies in upgrading of heavy crude: are these ‘fit-for-purpose’?
    • Environmental Regulation: Assessing what IMO Regulations and EU Regulations mean for upgrading of heavy oil, and for refineries processing this heavy crude; are these regulations a boon or bane?
    • Attracting investments in the downstream sector for research and development, and infrastructure upgrades: is the time right? Is there a future for heavy oil?
    • New Avenues: Will refineries benefit from exploring newer avenues such as conversion of heavy fuels with bio fuels; interblending heavier fuels; or converting heavier fuels directly into petrochemicals? Why are these avenues not being explored?
09:45 – 10:45
ROUND TABLE DISCUSSIONS
  • Round Table 1

    PROTECTING CRITICAL INFRASTRUCTURE FROM CYBER ATTACKS

     

    • Examining cyber security threats across the value chain, and how connected technology for daily operations pose an enormous threat to your critical infrastructure
    • Embracing collaboration between public and private sector to combat cyber attacks and securing assets
    • Evaluating how companies are investing in staff education and awareness of cyber threats and frauds; thereby, reducing risks by 80%

    Round Table 1

    EMBRACING DIGITALISATION THROUGH INCREMENTAL INNOVATION & TOP DOWN APPROACH

     

    • What is incremental innovation? How is it beneficial for larger and smaller corporations? Is incremental innovation possible in today’s rapidly dynamic and evolving market?
    • Getting CEOs and business leaders to assume ownership of digital transformation within the organisation, and why a top down approach is critical for your organisation to embrace digitalisation
    • Creating a long-term road, attracting talent, and building an equipped workforce that can help realise and sustain the organisation’s digitisation ambitions: where are we, and how far do we need to go?

    Table 1: PROTECTING CRITICAL INFRASTRUCTURE FROM CYBER ATTACKS

    Table 1: EMBRACING DIGITALISATION THROUGH INCREMENTAL INNOVATION & TOP DOWN APPROACH

    • Examining cyber security threats across the value chain, and how connected technology for daily operations pose an enormous threat to your critical infrastructure
    • Embracing collaboration between public and private sector to combat cyber attacks and securing assets
    • Evaluating how companies are investing in staff education and awareness of cyber threats and frauds; thereby, reducing risks by 80%
    • What is incremental innovation? How is it beneficial for larger and smaller corporations? Is incremental innovation possible in today’s rapidly dynamic and evolving market?
    • Getting CEOs and business leaders to assume ownership of digital transformation within the organisation, and why a top down approach is critical for your organisation to embrace digitalisation
    • Creating a long-term road, attracting talent, and building an equipped workforce that can help realise and sustain the organisation’s digitisation ambitions: where are we, and how far do we need to go?
10:45 – 11:15
Coffee & Tour of Exhibition
11:15 – 12:30
ROUNDTABLE DISCUSSIONS
  • Round Table 1

    UPSTREAM HEAVY OIL

    • Upstream & Midstream Heavy Oil Project updates
    • Emerging Markets – financial investments, new projects, challenges, and innovations

    Round Table 2

    DOWNSTREAM HEAVY OIL

    • Downstream Heavy Oil Project updates – refinery upgrades to meet with IMO Regulations, expansion projects, moving further downstream
    • Operational Excellence, Expenditure Control, and adopting newer technologies

    Table 1: UPSTREAM HEAVY OIL

    Table 2: DOWNSTREAM HEAVY OIL

    • Upstream & Midstream Heavy Oil Project updates
    • Emerging Markets – financial investments, new projects, challenges, and innovations
    • Downstream Heavy Oil Project updates – refinery upgrades to meet with IMO Regulations, expansion projects, moving further downstream
    • Operational Excellence, Expenditure Control, and adopting newer technologies
12:30 – 13:15
CLOSING PANEL: COMMITTEE PERSPECTIVE
  • Bringing together the 2019 Technical and Advisory Committees for their insights on organising the World Heavy Oil Congress, selection of Technical Papers, and their perspective on the future of the heavy oil sector.

13:30
Close of Day 2 and Close of WHOC 2019 Strategic Conference