London – 2019

Location: Leonardo Royal Hotel London Tower Bridge (formerly Grange Tower Bridge), 45 Prescot Street, London

 

Client User Meeting September 24, 2019

Morning sessions
Welcome and Introductions

TimePresentation
09:00 - 09:30Registration and coffee
09:30 - 09:40Welcome
Bielenis Villanueva Triana, Partner & Head of Client Analyst Team
09:40 - 10:10Recent extensions to the Rystad Energy toolbox and new ways to access our best in class data
Nils-Henrik Bjurstrøm, Partner & Senior Project Manager
10:10 - 10:40Energy Analysis Re-defined
Bielenis Villanueva Triana, Partner & Head of Client Analyst Team
10:40 - 11:00Products to watch out for
Matthew Watson, Partner & Head of EMEA
11:00 - 11:30Rystad Analytics – A success story that continues to deliver valuable insight
Erik Means, Executive Editor & Head of Analytics
11:30 - 12:30Lunch and open forum for feedback and discussion

Breakout sessions and afternoon
Breakout session 1
Upstream Solutions

TimeWorkshop
12:30 - 13:00Upstream Solutions: New features
13:00 - 14:00Upstream Solutions: Case study

Breakout session 2
Oilfield Service Solutions

TimeWorkshop
12:30 - 13:00Oilfield Service Solutions: New features
13:00 - 14:00Oilfield Service Solutions: Case study

Breakout session 3
Markets Solutions

TimeWorkshop
12:30 - 13:00Markets Solutions: New features
13:00 - 14:00Markets Solutions: Case study

Time
14:00 - 15:00Product managers and research experts available for one-on-one sessions, possibility to test out all Rystad Energy products
15:00 - 17:00Drinks reception

Annual Summit September 25, 2019

Morning sessions

TimePresentation
8:30 - 09:00Registration and Coffee/Breakfast
09:00 - 09:10Welcome speech
Jarand Rystad, CEO
9:10 - 9:35Oil markets update: unstable equilibrium as clouds form on the 2020 horizon
Bjørnar Tonhaugen, Head of Oil Market Research

  • Oil demand trends and outlook in the context of economic headwinds, trade disputes and "IMO 2020"
  • US and non-OPEC+ supply outlook amid calls for capital discipline in US shale
  • OPEC+ supply trends and outlook for the "call-on-OPEC+" to maintain market stability
9:35 - 10:00The role of gas in the global energy transition
Sindre Knutsson, Vice President Gas Market Research

  • Recent market developments: economics (not policies) driving coal-to-gas switching
  • Natural gas supply outlook: supplies will keep growing, but will all the additional volumes be needed?
  • Natural gas demand outlook: the role of gas in the future energy mix
  • Price forecast: are the oversupply and low prices here to stay?
10:00 - 10:25Oilfield Services: Learning from the past to win the next decade
Audun Martinsen, Partner & Head of Oilfield Service Research

  • The failures and successes of the 2010s
  • Defining service industry success for the 2020s
  • How will future cycles rise and fall?
10:25 - 10:55Coffee break and networking
10:55 - 11:20US Shale: addressing common misconceptions
Artem Abramov, Partner & Head of Shale Research

  • Activity level in the US Land is not as low as the market sentiment suggests
  • Robust production additions persist in the Permian despite all associated bottlenecks
  • Average well performance hits new records in 2019
11:20 - 11:50Key Note: The energy transition – how fast, and consequences for oil and gas?
Jarand Rystad, CEO

  • Why energy transition – is climate change the only driver?
  • Scenarios for peak oil demand and consequences for activity in the oil sector
  • Energy systems of the future – role of natural methane, ammonia and hydrogen as energy storage
11:50-12:30Panel discussion: Energy Transition
Moderator: Jo Husebye, Partner, Consulting
Panelists: Charles Furness-Smith, Managing Director at Lambert Energy | Kingsmill Bond, Energy Strategist at Carbon Tracker | Tijs Beek, Senior Energy Advisor at Shell | Jarand Rystad, CEO at Rystad Energy

  • How can different energy sectors work together in a new low carbon energy system?
  • What role do energy systems take in the transition towards a sustainable society?
  • How are investors affected of uncertainties associated with energy transition?
12:30 - 13:30Lunch break and networking

Afternoon sessions
Session 1: Global

TimePresentation
13:30- 13:55Shale supply outlook: bottom-line, upside potential and risks
Artem Abramov, Partner & Head of Shale Research

  • Has capital discipline already eliminated production growth outside of the Permian Basin?
  • Deep dive into the latest well design, productivity and spacing trends: basin by basin
  • Remaining US Shale inventory in different oil price scenarios, update on well and project economics
13:55 - 14:20Future developments in liquefaction infrastructure
Sindre Knutsson, Vice President Gas Market Research

  • Recent developments in the LNG market
  • LNG demand: is organic demand growth expected to continue?
  • LNG Balance: from a loose to a balanced market?
  • Project overview
  • International gas price forecast
14:20 - 14:45Global M&A trends and the best plays in the M&A space
Espen Erlingsen, Partner & Head of Upstream Research

  • What has been the M&A trends over recent years?
  • What can we expect in the short term?
  • How will current market trends impact the transaction market longer term?
14:45 - 15:15Coffee break and networking
15:15 - 15:40Finding winners and losers from recent project cost performance
Matthew Fitzsimmons, Vice President Oilfield Service Research

  • Putting regional cost performance into a global context
  • Who is separating themselves from their peers
  • How will this evolve going forward
15:40 - 16:05Global subsea market: with the stage set for growth over the next few years, will alliances be vital for key players?
Henning Bjørvik, Senior Analyst Oilfield Service Research

  • The subsea market has a big role to play in the new wave of offshore sanctioning
  • Have integrated contracts structurally changed the landscape?
  • With the recent oil price drop in mind, is the subsea market at risk?
16:05 - 16:30Renewables bring winds of change to Europe's power mix
Ole Hvalbye, Analyst Gas Market Research

  • Market update and key trends in the international renewable capacity and costs
  • Transition of the European power mix – growth in renewable energy amidst coal and nuclear phase-out
  • Key offshore wind projects and their contribution to meeting Europe’s renewable targets

Session 2: Regional

TimePresentation
13:30 - 13:55E&P operational improvements and the impact on value creation
Simon Sjøthun, Partner

  • Review of observed improvements
  • Compare current expectations versus initial expectations
  • What are the most important drivers for value creation
13:55 - 14:20Exploration value creation – A UKCS review
Sonya Boodoo, Senior Analyst Upstream Research

  • Has exploration activity been able to drive positive yields?
  • Which companies have been able to create the most value?
  • Comparison of exploration value creation for UKCS and NCS
14:20 - 14:45The evolution of regional pricing power
Matthew Fitzsimmons, Vice President Oilfield Service Research

  • How has activity evolved over the past decade
  • What has this meant for local service company margins
  • How will regional pricing power trend going forward
14:45 - 15:15Coffee break and networking
15:15 - 15:40Offshore rig market update: Are market fundamentals driving the plunge in the stock prices?
Oddmund Føre, Vice President Oilfield Service Research

  • What is the current state of the rig market?
  • Will there be a recovery of floater and jackup markets?
  • Where will rig rates go in a world of oversupply?
15:40 - 16:05Upstream Developments in the Middle East and East Mediterranean region
Aditya Saraswat, Senior Analyst Upstream Research

  • Review of the recent and upcoming development projects
  • Middle East review amid recent price crash and OPEC+ commitments
  • Eastern Mediterranean developments –  Infrastructure bottlenecks challenge the gas export potential
16:05 - 16:30Africa - Finally stepping up the game?
Aditya Ravi, Senior Analyst Upstream Research

  • Regional briefing – Drivers behind the supply and cost trends
  • Project developments- West African oil withers while East African gas blooms
  • Reviewing the rising exploratory efforts

Recap and closing

TimePresentation
16:30 - 16:40Summary and Closing
Jarand Rystad, CEO
16:40 - 18:40Discussions and drinks at the hotel

Speakers

Jarand Rystad - Managing Partner & CEO

Jarand Rystad founded Rystad Energy in 2004 and is managing the company. Jarand has extensive experience in oil and gas strategy advisory work from McKinsey and Rystad Energy. He has led a number of strategy projects for international oil and gas companies and oilfield service companies. He has also worked with governments and international organizations on topics related to the global energy agenda, and he is advising investors on deal screening, transactions and portfolio management. He is among the most cited petroleum analysts in the industry and been the keynote speaker on numerous international conferences. His areas of expertise include E&P strategy, asset and company transactions, macro analysis and oil service industry analysis. Jarand has also worked for Kvaerner Engineering and as a research scientist within Industrial Economics, gaining wide expertise in statistics and programming. Jarand holds a M.Sc. degree in Physics from the Norwegian University of Science and Technology, where he majored with a thesis on astroseismology. He also has an academic background in philosophy, and has been the leader and founder of various organizations.

Matthew Watson - Partner & Director Global Sales

Matthew Watson is Partner and Director Global Sales at Rystad Energy. Matthew joined the company in 2012 and is responsible for the management and implementation of our international sales operations . Prior to this role, Matthew worked for Thomson Reuters as a Sales Specialist in the commodities markets focusing on the energy sector. Matthew holds a Bachelor of Commerce degree from the University of Johannesburg, South Africa.

Bielenis Villanueva Triana - Partner & Head of Client Analyst

Bielenis Villanueva Triana is Partner and a VP – Head of the Client Analyst team, delivering daily interactions with clients to support their energy industry analysis through Rystad Energy’s products and services. She has over seven years of experience in forecasting production, reserves and economics of fields globally, particularly for shale fields. Bielenis holds a M.Sc. in Petroleum Engineering from the University of Oklahoma, USA, which included two years of experience in simulation of reservoir performance.

Bjørnar Tonhaugen - Head of Oil Market Research

Bjørnar Tonhaugen is Head of Oil Markets Research at Rystad Energy. He is the company’s macro expert in oil markets with responsibilities spanning full oil coverage. He also works with the Upstream Research team to develop production forecasts and is involved in consulting projects. He holds a B.S.c. in Mechanical Engineering from the Oslo University College and an M.S. degree in Industrial Economics from the Norwegian University of Science and Technology.

Audun Martinsen - Head of Oilfield Service Research

Audun Martinsen is Head of Oilfield Service Research and Partner. Audun earned a Masters degree in Marine Engineering from the Norwegian University of Science and Technology (NTNU) and University of Berkeley, California, and an Executive Master of Management Program within finance from BI Norwegian Business School. His previous work experience includes Coriolis, Shell and BW Offshore.

Carlos Torres Diaz - Head of Gas Market and Renewables Research

Carlos Torres Diaz is the Head of Gas and Renewables Markets Research at Rystad Energy. He and his team develop the gas and renewables coverage for the company and he frequently participates in related consulting work. Carlos holds a Bachelor in Civil Engineering from the Universidad Iberoamericana, an M.S.c. in Energy and Environmental Engineering from the University of Sheffield and an MBA from the University of Oxford.

Artem Abramov - Head of Shale Research

Artem Abramov is the Head of Shale Research and Partner at Rystad Energy with main responsibilities in analyzing upstream E&P data from governmental sources along with empirical research of well production profiles. Artem is the product manager for the NASWellCube, Rystad Energy’s NAM Shale well database. He holds an M.Sc. in Financial Economics from BI Norwegian Business School and a B.Sc. in Applied Mathematics with the Major in Statistics from the Novosibirsk State University, Russia.

Oddmund Føre - Vice President Oilfield Service Research

Oddmund Føre is a Vice President within Rystad’s oilfield services and offshore E&P spending division. His primary focus is on the analysis of the global offshore drilling market as well as the production and spending on the Norwegian Continental Shelf. He is also the product manager for RigCube, Rystad Energy’s rig demand & supply database covering all moveable rig activity for floaters and jackups globally. Oddmund holds a master’s degree in Financial Economics from the Norwegian Business School and a bachelor’s degree from the Naval Academy.

Matthew Fitzsimmons - Vice President Oilfield Service Research

Matthew Fitzsimmons is Vice President for Cost Analysis at Rystad Energy in the Oilfield Service Department. He is heading the Rystad Energy Services Price Index and Rystad Energy’s Oilfield Services Analytics products.
Prior to joining Rystad Energy, he spent nearly eight years at ExxonMobil evaluating and managing projects around the world. He performed cost analysis on mega projects in Australia and Eastern Canada, helped to successfully deliver mega projects in Western Canada, and managed a portfolio of large projects in Eastern Russia. Most recently, Matt worked on Floating Liquefied Natural Gas (FLNG) projects for Golar LNG based out of Oslo, Norway.
He holds a Bachelor’s of Engineering degree from Stevens Institute of Technology (USA) and an Executive Master of Business Administration (MBA) in Global Markets from BI Norwegian Business School. He has also completed relevant industry courses from IE Business School (Spain), Nanyang Technical University (Singapore), UC Berkeley (USA), and University of North Carolina – Chapel Hill (USA) and over 800 hours of post-graduate industry training.

Aditya Ravi - Senior Analyst

Aditya Ravi is a Senior Analyst on the Global E&P team at Rystad Energy responsible for Latin America E&P operations coverage and the analysis of global oil and gas fiscal regimes. He holds a Bachelors in Petroleum Engineering from the University of Pune in Maharashtra, India.

Sonya Boodoo - Senior Analyst

Sonya Boodoo is a Senior Analyst at Rystad Energy, responsible for research on E&P activity on the UKCS and development of the UKCS Business Development Solution. Prior to joining the company Sonya has worked as a geologist and economist for both E&P companies and consulting firms. She holds a BSc. in Petroleum Geoscience from the University of the West Indies and MSc. in Energy Economics from the University of Dundee.