OPERATORS AND

E&P COMPANIES
ELIGIBLE FOR
FREE ATTENDANCE

Amsterdam Marriott Hotel 18 th-20 th March 2015

MORE INFO ON REVERSE

The conference for the offshore oil & gas

asset finance network
CONFERENCE PROGRAMME
BROUGHT TO YOU BY:

GOLD SPONSORS:

PART OF:

REFRESHMENT BREAK HOST:

@OGFGlobal #OGFAmsterdam

ICEBREAKER COCKTAIL RECEPTION HOST:

BREAKFAST HOST:

www.ogfglobal.com/ogf-amsterdam

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

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.

WHO SHOULD ATTEND

Banks

FPSO operators

ECAs

Pipelay operators

Law firms

E&P companies

Private equity

Multilaterals

Investors

NOCs

OSV operators

IOCs

WHY ATTEND
Offshore construction
companies

HEAR leading market participants debate the opportunities and challenges of

financing offshore O&G assets

Shipyards

PARTICIPATE in discussions on the most pertinent issues for the industry,

including Mexican and Brazilian oil & gas markets

Alternative financiers
Drillships operators
PSVs and subsea
operators

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.

@OGFGLOBAL #OGFAmsterdam

WWW.OGFGLOBAL.COM/OGF-AMSTERDAM

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

SEPARATELY BOOKABLE PRE-CONFERENCE FIELD TRIP

MEET THE TEAM

WEDNESDAY 18TH MARCH 2015

OGF 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.
INTERESTED IN SPONSORING?
Contact Gerald Okullo, Business Development Manager
gerald.okullo@euromoneyplc.com | +44 (0)20 7779 8618
WANT TO REGISTER?
Get in touch with Tanya Zinovjeva, Marketing Executive
tanya.zinovjeva@euromoneyplc.com | +44 (0)20 7779 8093

WANT TO FIND OUT MORE ABOUT THE AGENDA?

Speak to Will Robson, Conference Editorial Manager
william.robson@euromoneyplc.com | +44 (0)20 7779 8423
GOT ANY QUESTIONS ABOUT THE HOTEL & LOGISTICS?
Drop a line to Victoria Fox, Event Executive
vfox@euromoneyplc.com | +44 (0)20 7779 8943

Natasha Wood, General Manager

nwood@euromoneyplc.com | +44 (0)20 7779 8547

@OGFGLOBAL #OGFAmsterdam

11:30

Pick up at the Amsterdam Marriott Hotel

13:00

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 reception

17:15

Arrive back at Amsterdam Marriott Hotel

18:00 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 + VAT

Spaces are limited so early booking is advised.

Join us at the Amsterdam Marriott Hotel for an icebreaker cocktail

reception hosted by Royal IHC.

WWW.OGFGLOBAL.COM/OGF-AMSTERDAM

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

WEDNESDAY 18 TH MARCH
18:00 - 20:00

Icebreaker cocktail reception hosted by Royal IHC

DAY ONE: THURSDAY 19 TH MARCH

8:00

Registration & morning refreshments

8:50

Chairpersons opening remarks

9:00

Industry Outlook: The oil price and its repercussions

11:00

sponsored by

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 action
20 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 market
40 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

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 market oversupply
Jarand Rystad, Managing Partner, Rystad Energy

9:30

Global Heads of Offshore Finance

Liquidity, pricing and risk: The appetite of commercial banks for offshore risk

Antoine Saint Olive, Head of Offshore Infrastructure, Natixis

Herv Lalli, Group Corporate & Project Finance Director, SBM Offshore
Hugo Diogo, Director Energy, ABN AMRO
Duncan Peace, Director, Crondall Energy (Moderator)

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 AMRO
Erwin Nederkoorn, Global Head Oil and Gas Offshore Services, ING
Jarand Rystad, Managing Partner, Rystad Energy (Moderator)
10:15

Refreshments & networking break

The FPSO Session

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?

sponsored by

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 BBA

Patric Lange, Partner Oil and Gas, Daemon Investimentos
Sergio Monaro, Head of Project and Export Finance Brazil, HSBC
13:15

@OGFGLOBAL #OGFAmsterdam

Lunch

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

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 Shipping

Jay Daga, Deputy CFO, Topaz Marine
Neil Hartley, Managing Director, First Reserve
Dmitri 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 assets
Jonas Ytreland, Vice President, Seadrill

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?

17:30

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

The private equity appetite for offshore assets

Project bonds as an alternative to project finance
High yield bonds as a continuing option for operators

Luis Miguel Labardini, Partner, Marcos y Asociados

15:00

Steadying the ship in rough seas: Financial restructuring amidst falling

oil 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 Marine
David Manson, Partner, White & Case
Mahmoud Atalla, Managing Director - Credit Situations Group, HSBC
Albert Stein, Managing Director, AlixPartners (Moderator)

Torkell Vold, Managing Director, Offshore Merchant Partners

Bob Maguire, Managing Director, Carlyle
Knut Eivind Haaland, Managing Director, Global Head of Fixed Income Origination,
DNB Bank ASA

15:45

Refreshments & networking break

@OGFGLOBAL #OGFAmsterdam

The Alternative Finance Forum: What is the appetite for financing

offshore assets and must more be done to educate investors and
mitigate risk?

18:15

Chairpersons remarks followed by a drinks reception

sponsored by

WWW.OGFGLOBAL.COM/OGF-AMSTERDAM

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

DAY TWO: FRIDAY 20 TH 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?

sponsored by

11:10

Is there sufficient appetite amongst investors to make these arrangements commonpractice?

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

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

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

Ronny Gothesen, Senior VP Offshore, DVB

Jonas Ytreland, VP Treasury & Financing, Seadrill Management Ltd.
Paul Hillegeist, President & COO, Quest Offshore (Moderator)
9:55

11:40

Victor Hoek, Head of Project Finance, Atradius

Solveig Froland, Director, GIEK
Olav Einar Rygg, EVP and Director of Lending Shipping and Offshore, Eksportkreditt
Byung-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)

Refreshments & networking break

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 Drilling
Frans den Houter, CFO, Heerema Marine Contractors
Jan-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, SMBC
Tor-Ivar Guttulsrd, Director FLNG Global Gas Solutions, American Bureau of
Shipping (Moderator)

sponsored by

13:10

@OGFGLOBAL #OGFAmsterdam

The operator spotlight: Are there sufficient financing options open to

operators?

ECAs in Depth
The 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

10:40

The sale/lease back model: Should this be accessed by more offshore

asset owners?

Chairpersons closing remarks followed by lunch

WWW.OGFGLOBAL.COM/OGF-AMSTERDAM

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

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.

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.

EUROMONEY ALSO BROUGHT YOU

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SENIORITY OF DELEGATES WHO ATTEND EUROMONEY EVENTS

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@OGFGLOBAL #OGFAmsterdam

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

Amsterdam Marriott Hotel 18 th-20 th March 2015

THE CONFERENCE FOR THE OFFSHORE OIL & GAS ASSET FINANCE NETWORK
TICKET OPTIONS AND PRICING:
Conference fee:

1,599 +VAT

GROUP BOOKINGS
3rd delegate:
SAVES 200

4 delegate:
SAVES 300

(offer after 30th January 2015)

th

For bookings for 5+ delegates please email information@ogfglobal.com or call +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 offer
or register for the conference,
please contact Tanya Zinovjeva
tanya.zinovjeva@euromoneyplc.com
+44 (0)20 7779 8093

HOW TO REGISTER
1. Online: visit www.ogfglobal.com/ogf-amsterdam
2. Email: information@ogfglobal.com
3. Tel:
+44(0)20 7779 7222
DELEGATE ENQUIRES:
If you would like to speak to a member of the team for further
information on this events, please contact Venice Evangelista
Email: venice.evangelista@euromoneyevents.com
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.

For immediate information on this and related events, please call +44(0)20 7779 7222 (UK) or alternatively email information@ogfglobal.com
@OGFGLOBAL #OGFAmsterdam

WWW.OGFGLOBAL.COM/OGF-AMSTERDAM