Offshore Energy Newsflash - edition 40

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OFFSHORE ENERGY EDITION 40

IN THIS ISSUE Interview Ashok Belani, Executive Vice President Technology, Schlumberger Marcel van Poecke, Head of Carlyle International Energy Partners

Guest Column Alexander Mollinger, COO, Discover Exploration

OFFSHORE ENERGY 18

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OEEC NEWSFLASH

In this issue

The heat is on

Guest Column

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As we were finalizing this newsflash the summer holidays in the Netherlands

Interview

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were coming to an end. Europe experienced an extraordinarily warm summer.

OEEC 2018 Program

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The extreme drought and heat causing forest fires. Climate change becomes

OEEC Update

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Interview

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more real, even to the public, and reinforces the need to remain steadfast on

Practical Information Exhibition Ms. Annemieke den Otter Exhibition Manager Tel: +31 (0)10 2092606 Email: ao@navingo.com

Conference Ms. Femke Perlot-Hoogeveen Conference Manager Tel: +31 (0)10 2092634 Email: fh@navingo.com

Ms. Nancy Slob-Corpeleijn Exhibition Coordinator Tel: +31 (0)10 2092651 Email: ns@navingo.com

Ms. Marjolein Verweij Conference Program Manager Tel: +31 (0)10 2092635 Email: mve@navingo.com

Ms. Cristien Louers Project Coordinator Tel: +31 (0)10 2092662 Email: cl@navingo.com

Ms. Inge Klap Project Manager Events Tel: +31 (0)10 2092689 Email: ikl@navingo.com

Marketing Mr. Philip Mulder Business Development Tel: +31 (0)10 2092674 Email: pmu@navingo.com

Sales Mr. Stephan van Plateringen Sales Manager Tel: +31 (0)10 2092604 Email: sp@navingo.com

Mr. Glenn Ouëndag Marketing Manager Tel: +31 (0)10 2092665 Email: go@navingo.com

Ms. Martine Brussé Account Manager Tel: +31 (0)10 2092649 Email: mb@navingo.com

Ms. Anna-Linde Drost Marketing Coordinator Tel: +31 (0)10 2092688 Email: ald@navingo.com

Ms. Amber Nossent Account Manager Tel: +31 (0)10 2092637 Email: an@navingo.com

Ms. Marloes Hoefnagels-Meijer Marketing Coordinator Tel: +31 (0)10 2092682 Email: mhm@navingo.com Ms. Rebecca van den Berge-McFedries Editor Tel: +31 (0)10 2092602 Email: rm@navingo.com

reaching (renewable) energy targets.

Technological innovation and collaboration are a theme this issue. It should also come as no surprise that collaboration is currently key at the OEEC office. Heading into the final weeks of the event, means working more closely together to get the very best prepared for the 11th Offshore Energy Exhibition & Conference.

“Despite extensive exploration and production since the 1960s, the North Sea remains a land of great opportunity.” said our Guest Column writer Alexander Mollinger of Discover Exploration. Discover who strategically chose to invest in exploration in the Dutch and German part of the North Sea in 2018. Mollinger will also be speaking during the Thematic Session: Exploration in a mature basin during Offshore Energy this year.

Read all about it on page 4. The full Offshore Energy Conference Program can also be found on pages 8 and 9.

We are extremely pleased to have sat down exclusively with both Ashok Belani, Executive Vice President Technology, Schlumberger and Marcel van Poecke, Head of Carlyle International Energy Partners to discuss the importance of technology and investments. You will find a double feature article on pages 5, 6 and 7.

The low oil price has driven cost-reducing innovations and new forms of collaboration in various stages of the oil and gas life cycles. Jens Klit Thompson, CCO of new joint venture Maersk Decom elaborates on what this entails in the interview you can read on page 11.

The global energy industry has a home in Amsterdam and we are finalizing our floorplan for this year as well as discussing final details with our confirmed speakers of our extensive conference program. Want to find out what you can expect? An update is waiting on page 8 and 9.

Enjoy reading this edition!

The OEEC team

OFFSHORE WIND

Ms. Julia Borgers Marketing Assistant Tel: +31 (0)10 2092600 Email: jbo@navingo.com

OFFSHORE ENERGY 18 Amsterdam RAI, the Netherlands Europaplein 22, 1078 GZ Amsterdam Halls 1, 2, 3 & Amtrium

OIL & GAS

Stay in touch @NavingoOE #OEEC Facebook.com/OffshoreEnergy Offshore Energy Exhibition & Conference

Stay informed Stay up-to-date and receive our periodical Offshore Energy newsletter. Subscribe at www.offshore-energy.biz/newsletter

MARINE ENERGY

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GUEST COLUMN

Alexander Mollinger COO, Discover Exploration

Getting back to our roots:

From frontier exploration to the North Sea For nearly a decade, the team behind Discover Exploration has been hunting for ‘elephants’ – our industry’s jargon for giant turbidite fans in 1,000+ meters of water – off the underexplored coasts of East Africa and New Zealand.

This strategy was notably proven when our former company Cove Energy, together with our operator Anadarko Petroleum Corp., discovered 85 trillion cubic feet of gas offshore Mozambique Recently, we decided to complement our frontier portfolio with licenses in one of the world’s most mature basins: the North Sea. We acquired Hansa Hydrocarbons, a junior upstream company with near-field exploration assets in the Dutch, German and Danish sectors of the North Sea. This combination of exploration assets from two opposing ends of the spectrum may feel counter-intuitive, but it is in fact an excellent fit.

First, despite extensive exploration and production since the 1960s, the North Sea remains a land of great opportunity. Faced with declining production and diminishing returns following the 2014 oil price crash, several of the bigger companies exited. This paved the way for a new generation of North Sea players – many of which are entrepreneurial ventures backed by private capital. As a result, the North Sea is experiencing an unexpected revival and has become an epicentre of M&A activity.

New entrants come with fresh perspectives, leading not only to more efficient operations and longer asset lives but also to the discovery of new plays. Such is the case of the Basal Rotliegend gas play offshore the Netherlands and Germany, discarded by the industry until last year when a team of young geologists at Hansa Hydrocarbons saw the potential and drilled it – with success.

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Second, because the North Sea can offer the necessary balance in an international upstream portfolio. It is an ageing basin, so the potential is smaller than in underexplored basins – but that also means it is near-field and that the geological risk is lower. Moreover, the North Sea is surrounded by strong gas markets, in part to support Europe’s energy transition. And countries like the Netherlands and Germany offer attractive and stable investment climates. All in all, North Sea exploration assets can counter-balance the riskier frontier, deep-water exploration opportunities in a company’s portfolio, making it ultimately more attractive to shareholders.

Most of us at Discover Exploration started our careers in the North Sea decades ago. Our recent re-entry feels like we are getting back to our roots.

Together with our partners Oranje-Nassau Energie and Energie Beheer Nederland, we are thrilled to unlock the remaining potential of this mature, yet remarkably prospective basin that is the North Sea. Alexander Mollinger will be speaking during the Thematic Session: Exploration in a mature basin. Tuesday 23 October from 09.00 to 11.00 hrs. (Hall 3 Room 1).

What makes the world go round?

Money or technology?

In the world of energy, one is meaningless without the other.

OffshoreEnergyToday.com recently sat down exclusively with two esteemed experts in the respective fields of money and technology – Ashok Belani, Executive Vice President Technology, Schlumberger and Marcel van Poecke, Head of Carlyle International Energy Partners – to talk about the impact of volatile oil prices, technology development, investments and what offshore developments we should pay attention to.

With decades of experience in technology development in Schlumberger, Ashok Belani is a frequently asked speaker at major international conferences. By contrast, he does not often give interviews.

Belani makes an exception for OffshoreEnergyToday.com to share some of his views. We start with a much-discussed topic: lower for longer oil prices. Because despite a marked rise in crude prices and positive quarterly results for oil majors, few in the industry would claim that the lower-for-longer period is over.

Oil prices

How have technology development and innovation by Schlumberger and its clients been impacted, I asked Belani. “The amount of money spent on technology development has gone down over the last three years,” says Belani.

“At the same time there is a big change in the way technology is developed and utilized.”

Companies appear to have learned to do more with less. global upstream costs have remained substantially flat. “Companies appear to have learned to do more with less,” writes the IEA about the decoupling of the relationship between upstream costs and oil prices.

According to the IEA, investments in upstream oil and gas have gone down by more than 40 percent between 2014 and 2016 and have rebounded modestly by 4 percent to USD 450 billion. This year, investments are expected to increase by 5 percent to USD 472 billion.

Dry powder

Which is why we have seen companies creating inventions that are more efficient, more performant and therefore more cost-efficient. “So the idea that you can do new things, or exploit new reservoirs, or develop new resources and yet not spend as much money as say five years ago is acceptable. And it will continue to evolve in this direction.”

How have opportunities in upstream developed for private equity, in the lower oil price environment? According to Marcel van Poecke, it has actually been a very good period for private equity to invest. Van Poecke is the Head of Carlyle International Energy Partners and its fund. Launched in 2013 and with USD 2.5 billion raised, this fund targets global investments in oil and gas and oil field services excluding North America.

The latest World Energy Investment by the International Energy Agency (IEA) supports these statements. While prices have more than doubled since 2016,

Van Poecke has seen companies that “were stressed in terms of the balance sheets, dividend payments, and capex commitments.” Banks were less inclined

Offshore Energy Newsflash 40

to finance investments, which played into the hands of private equity “because we have dry powder [cash reserves kept on hand to cover future obligations purchases or acquisitions, OET] to invest.”

Van Poecke thinks private equity will become a more important player in oil and gas, as more capital becomes available because of institutional investors allocating more capital of their portfolio to private equity.

A recent article in The Economist quotes Preqin, a consultancy, stating that private equity funds have raised as much as USD 1.1 trillion in dry powder ready to spend around the world and across industries, with another USD 950 bn being raised by over 3,000 firms.

Renewables vs Oil and Gas

Van Poecke focuses on oil and gas but gets more and more questions about investing in renewables. “When investors approach us and ask what I think of the energy transition and about renewables, I say: We see some opportunities.”

Developing renewable energy is clearly important and we will see more and more renewable energy projects, though, in Van Poecke’s view, the market is still relatively small.

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INTERVIEW

“The next question investors ask is: What sort of returns can you guarantee us compared to oil and gas; and that is a much more difficult question.”When investors do not invest in new technology, says Van Poecke, so as a normal private equity investment and not as a venture capital investment, then the returns in renewables will generally be lower than in oil and gas.”

“A return target in excess of twenty percent is normal in private equity. In renewables, this could be ten percent or even lower. When investors hear that, they say: Can you please focus on oil and gas?”

Low carbon technology

Oil and gas majors, on the other hand, have stepped up their investments in new energies and low carbon technologies in recent years. Shell and Equinor in offshore wind and carbon capture and storage, Total is investing in solar, BP in EV charging. What does Ashok Belani, who has spent most of his life so far in improving oil field services, think about this?

For Belani, it’s all about technology development. Whether that is in oil and gas or renewables, does not seem to matter.

“If one resource of energy goes up with respect to the other resources, technology will go ahead and make that resource more efficient”, says Belani. He sees the move toward a lower carbon footprint progressing and expects that it will continue to change how technology is developed and applied. “We try to make processes more efficient in terms of their emissions footprint. I think that can be beneficial and I think it should drive not only technology development but the way we apply it or deploy it in the oil and gas business.”

As a service company, Schlumberger develops technology at pace with what its clients need. Belani: “So today we put

We are going to a real shift and acceleration with new technology. a lot of money into technologies for land developments and relatively speaking less in deep offshore. If this mix changes, it might change.”

North Sea investment decisions

What about mature basins such as the North Sea – what kind of technology changes does Belani see there? “There will be subsea developments which will be significantly more performant”, says Belani and “integration in subsea systems which will be extremely different from the past and will enable more FIDs to happen in subsea developments.”

This article is based on interviews during International Petroleum Week in London (Belani) and CERAWeek by IHS Markit in Houston (Van Poecke).

Schlumberger is also looking at basin-wide exploration systems, utilizing new data and cloud technologies that will change practices used to date, make them more efficient and will according to Belani lead to more developments on the North Sea. “However,” says Belani, “The North Sea has gone through a long hiatus in FIDs and investments. So in the near term, there will be some pressure on maintaining production in the North Sea.”

Renaissance of mature basins

That hiatus seems to have ended.

According to Van Poecke, it is justified to speak of a renaissance of the North Sea. Although the North Sea is a mature basin, Van Poecke sees a lot of oppor-

Ashok Belani, Executive Vice President Technology, Schlumberger Ashok Belani is an executive deeply rooted in technology development for the oil and gas industry.

He has served as Executive Vice President of Technology at Schlumberger since August 2011.

He is responsible for Schlumberger Research, Engineering, Manufacturing, Technology Lifecycle Management, Software Technology, and Information Technology. Previous roles include Chief Technology Officer, Chief Information Officer and President, Reservoir Characterization, Vice President of Marketing and Product Development for Wireline and Vice President of Marketing and Product Development for Oilfield Services. Belani joined Schlumberger in 1980 as field engineer.

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tunities, both in acquisitions and in exploration.

“We did a big investment through Neptune Energy, where we bought ENGIE. That portfolio is big in Norway, substantial in the UK, in Holland and in Germany.” As the majors are moving away from the North Sea, there is more room for independents. According to Van Poecke, the majors can sell more to independents and partner with them. Van Poecke thinks that new independents will be created, “with much more capital available in the coming years from private equity.”

Neptune Energy is an example but there are many comparable examples. In the US, in particular, there are numerous independents and there is a lot of capital available. Van Poecke expects to see more of that in other parts of the world as well.

What should we be watching for?

What areas have your interest, I ask Marcel van Poecke. “We focus very much on Africa,” says Van Poecke, “We think there are very interesting opportunities in West-Africa, both offshore and onshore.”

“We also see interesting opportunities in South America, especially in Colombia, Mexico, and Brazil.” But also the shale plays in Argentina, the Vaca Muerta, are interesting, according to Van Poecke.

What should we be watching in the technology space? I asked Ashok Belani.

Innovation in subsea development is one. But Schlumberger is innovating in many areas. “We are working a lot on drilling technology becoming much more efficient. There is a big change in how seismic processing is going to get

INTERVIEW

done.” According to Belani, cloud-based seismic processing is going to change the way seismic gets used in the oil and gas business, especially for deepwater.

“There will be changes that will make deepwater more efficient with respect to land resources,” he says.

Digitization – Continuous realization of benefit

At Schlumberger, Belani is the key executive driving digital transformation, looking at how different parts of the upstream lifecycle can develop and improve using digital technologies and data. When is a digital transformation strategy successful, I ask Belani. “It’s not one particular goal post,” says Belani.

“The result is going to be a continuous

realization of benefit.

the traditional oil and gas side.”

“We will make exploration more efficient, we will make field development planning more efficient, we will make well construction more efficient, we will make production more efficient. All of this will be enhanced by digital in the coming future and we will see that continuously.”

Van Poecke gives a list of examples: seismic imaging, the development of projects, the time to build things, the materials we use, the way we operate platforms, also unmanned and from remote locations, how everything becomes more efficient, in terms of costs, in terms of emissions, the role of big data processing. “The role of technology is amazing.”

I ask Van Poecke, who has invested in many oil & gas and oilfield service companies in the past twenty-five years, what he sees as the most remarkable development. “The role of technology,” is Van Poecke’s immediate answer. “We are going to a real shift and acceleration with new technology. I see it on the renewable energy side but I see it even more so on

With enough dry powder to invest along the oil and gas – and new energies – value chain, the world of energy will keep on turning.

Femke Perlot-Hoogeveen

Marcel van Poecke, Head of Carlyle International Energy Partners, Chairman, Oranje-Nassau Energy Marcel Q.H. van Poecke is an entrepreneur and investor with more than 25 years of experience in the energy sector. Van Poecke is the Head and Managing Director for CIEP, focusing on upstream, midstream and downstream oil and gas and oil field services. He is the Chairman of AtlasInvest, a private holding company he founded in 2007 which is engaged in investments across the energy spectrum. He is also the Chairman of Oranje-Nassau Energy, an AtlasInvest portfolio company with oil and gas assets in the North Sea and West Africa.

Offshore Energy Newsflash 40

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OEEC 2018 PROGRAM

Offshore Energy 2018 Program Offshore Energy Monday 22 October 2018 08.00

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Offshore Wind Conference - Day 2 Exploration in a mature basin

Competing for marine space

Master Class

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Offshore Energy Exhibition - Day 1 (Community Square, Startup Zone, Matchmaking)

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Global Oil Event Offshore wind operations and maintenance

Late life operations

Master Class

Corporate responsibility

Offshore Energy Exhibition - Day 2 (Community Square, Startup Zone, Matchmaking)

Wait! There’s more!

For the final Offshore Energy Exhibition & Conference program head to www.offshore-energy.biz KEYNOTES Offshore Energy 2018 brings four keynotes sessions, on Gas, Oil, Offshore Wind and Marine Energy. The keynotes are must attend events for decision-makers looking for strategic insights.

OFFSHORE WIND CONFERENCE The 9 th annual Offshore Wind Conference brings together the entire offshore wind value chain to discuss current and future wind farm developments. In addition to key project updates, topics include future-proofing business models for subsidy-free offshore wind, redesigning electricity markets for abundant offshore wind and solutions for storage.

Read the full program online: offshore-energy.biz/ offshore_wind_2018 Topics day 1 • Update NL • A new dawn for offshore wind • Energy security and offshore wind • Profitibility and financeability of offshore wind Topics day 2 • New markets for offshore wind • New technologies and new talents in offshore wind • The broader view With contributions from: Tim Gould, Head of division, World Outlook Energy, IEA Bob Meijer, Director Offshore Wind Energy R&D, TKI Wind op zee Ruud de Bruijne, Project Manager Offshore wind energy, RVO Erik-Jan de Ridder, Senior Project Manager, MARIN Jan Rispens, Manager Director, Renewable Energy Hamburg Ernst van Zuijlen, Project Director, OSF BV Barbara Zuiderwijk, Financial Advisor, Green Giraffe Niels Muller, Partner, PWC

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SPECIAL EVENTS MARINE ENERGY EVENT The Marine Energy Event provides an up-to-date market outlook for marine renewable energy projects – focusing on the latest developments in wave, tidal, ocean thermal, and salinity gradient power generation.

Delegates can expect real world case studies from across the globe as well as insights into the drivers for investors and supply chain to become involved in marine energy projects. Read the full program online: offshore-energy.biz/marine_energy_2018 With contributions from: Peter Scheijgrond, Ocean Energy Expert / Board member, DMEC / EWA André Hoogeveen, Project Manager, BAM Martin Edlund, CEO, Minesto AB Berend Jan Kleute, CTO, Bluerise Andrew Smith, Director, Deja Blue Consulting GLOBAL GAS EVENT | GLOBAL OIL EVENT The Gas and Oil Keynotes are two new features at Offshore Energy. Both keynotes sessions will offer supply and demand forecasts, present hot regions for business and discuss the place of oil and gas in the overall energy mix. Keynote speakers will address the most important strategic and commercial challenges associated with the current and future hydrocarbons industry. Read the full program online: offshore-energy.biz/oil_gas_2018 Global Gas Event Ellen Kroijmans, Global Project Office Director, SBM Offshore Adrian Cretoiu, Managing Director Western Europe, with Schlumberger Harshit Sharma, Practice Lead Exploration and Production, Lux Research Coby van der Linde, Director, Clingendael International Energy Programme Sverre Alvik, Project Director Energy Transition Outlook, DNV GL Global Oil Event Rudolph Elias, Managing Director, Staatsolie Maatschappij Suriname Ray Riddoch, UK Managing Director and SVP Europe, Nexen Simon Johnson, former CEO, Borr Drilling Eric van der Meer, Board Advisor, GoodFuels Sverre Alvik, Project Director Energy Transition Outlook, DNV GL

OPENING GALA DINNER & AWARDS SHOW This black tie gala dinner will be attended by international offshore energy professionals ranging from operators, service companies, and contractors to politicians and suppliers. In addition to a culinary dinner, musical interludes and speeches by dignitaries, three Offshore Energy awards will be presented.

The three awards that will be presented during the Opening Gala Dinner are: • The Best Innovation in Offshore Energy Award; • The Offshore Energy Public Outreach Award; • The Offshore Energy Young Engineer Award.

OFFSHORE ENERGY NETWORKING DRINK The Offshore Energy Networking Drink is organized in the after-hours of the 1st exhibition day of Offshore Energy 2018. On October 23rd an expected 500 guests will enjoy drinks and snacks in an energetic environment. The Offshore Energy Networking Drink offers an excellent opportunity to meet new potential clients or further cement your existing business relations.

MASTER CLASSES MASTER CLASSES The Master Classes bring together masters and young talents in the offshore oil, gas and energy industry for an informal exchange of ideas and experiences, both technical and nontechnical. The Master Classes are meant for final year students, starters and young professionals (<6 years work experience, <35 years old, min. Bachelor degree.)

Masters: Simon Kennedy, COO, eVision Joost Lasschuit, Managing Director, Rolloos

EXHIBITION FLOOR COMMUNITY SQUARE For the third time Offshore Energy attendees will be able to enjoy topical talk-shows and informal idea sharing at Community Square. Community Square returns to the front of Hall 2 and will be expanded to provide more seating space. The theme selection will take place in spring 2018 and will include energy transition, collaboration between oil, gas and renewables and offshore storage of energy and CO2. All programs are guided by the overall annual theme “Explore. Inspire. Transform.”

STARTUP ZONE Offshore Energy will setup a zone for startups in the offshore oil, gas and renewables industry again this year. The Startup Zone offers new entrepreneurs an approachable platform to showcase their innovations to the Offshore Energy community. The Startup Zone offers room for several startups in any phase – from the conceptual phase to the pilot phase through to recent market entry.

Fully integrated into the exhibition, the Startup Zone gives its participants access to potential customers and investors and gives all OEEC attendees the opportunity to see the industry’s latest innovations in products, technologies and services.

MATCHMAKING After a successful first edition of Offshore Energy Match, the national matchmaking event headed by the Enterprise Europe Network (EEN) will return on the exhibition floor in 2018. This B2B matchmaking event offers business to industry, science and technology professionals the opportunity to meet, discuss and network. Companies looking for cooperation, new customers, new partners or collaborative alliances within the oil, gas and renewable energy fields, can sign up for matchmaking at offshore-energy.biz/matchmaking.

OEEC 2018 PROGRAM

Explore.

Inspire.

Explore.

Inspire.Transform.

Transform.

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Offshore Energy Opening Gala Dinner & Awards Show (18.00 - 00.00)

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Global Gas Event Offshore transport, installation and removal

Offshore Energy Networking Drink (18.00 - 21.00)

Innovation, collaboration and cost-reduction

Legend 14.30

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Marine Energy Event Decommissioning and re-use

DELEGATE FEES • Offshore Wind Conference • Global Gas Event • Global Oil Event • Marine Energy Event • Thematic Session

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20.00 Global Gas & Oil Events>>> Marine Energy Event Master Class Offshore Energy Exhibition Offshore Wind Conference Special Event Thematic Session

SPECIAL EVENT FEES €495 (NGO €150 | Student €75) €125 (Student €25) €125 (Student €25) €125 (Student €25) €75 (Student €15)

• Master Classes €15 (for selected participants only) • Passe Partout €750 All conference tickets include admission to the session of choice, conference materials, breakfast or lunch, refreshments or drinks and are exclusive of 21% VAT.

Opening Gala Dinner & Awards Show • Individual ticket • Table Sponsor OEEC Exhibitor • Table Sponsor non-OEEC Exhibitor * Dining table for 10

€325 €2,995* €3,495*

THEMATIC SESSIONS EXPLORATION IN A MATURE BASIN For years in a row the amount of discovered oil and natural gas resources has been less than the produced resources. To meet demand, increased investments in exploration and production are needed, also in mature basins. This session looks at how exploration and production are encouraged in mature basins, in particular on the North Sea, to offset natural decline of existing fields and to maximize economic recovery.

With contributions from: Eric van Ewijk, Programme Manager Exploration, EBN Annemiek Asschert, Subsidiary Exploration Manager, EBN Alexander Mollinger, COO, Discover Exploration COMPETING FOR MARINE SPACE The Exclusive Economic Zones of coastal countries, especially in the North Sea and Baltic Sea, are increasingly used for economic activities. These include oil & gas production, wind and marine energy production as well as shipping, commercial fishery and aquaculture.

So many different interests on so little space asks for marine spatial planning. This session looks at the current and expected future competition for marine space and gives an update on regulations affecting oil & gas and renewable energy production at sea.

SUBSEA CABLES SYSTEMS A number of concurrent developments lead to increased research into subsea power systems and subsea cables: electrification of offshore oil and gas platforms, subsea field development in oil and gas and the increasing number of offshore wind farms. This session will present the latest insights and technical challenges of powering offshore installations and transmitting power to shore and look at where subsea power for oil, gas and wind meet on the seabed.

With contributions from: Leo van der Pols, Business & Sales Development, NKT Cables

Offshore Energy Newsflash 40

Ralph Steinberg, Sales Manager Subsea Power Cables, JDR Cables Andrew Lloyd, Sales and Business Development Director, Cwind Pieter Swart, Principal Technical Expert Subsea Pipelines & Cables, Shell OFFSHORE TRANSPORT, INSTALLATION AND REMOVAL The oil & gas and offshore wind markets offer room for a range of dedicated vessels, carrying out activities from installation of oil and gas infrastructure, of offshore wind foundations, turbines and of substations through to decommissioning of topsides and jackets.

This session looks at the latest additions to the global fleet, from purpose-built to multi-purpose vessels, from vessels able to operate in shallow water and in deep water, nearshore and far offshore.

With contributions from: Hubert Schaafsma, Maritime & Logistics Expert, Blue Sea Marketing Edward Heerema, President, Allseas Wout Janssens, Director Operations and Engineering, Jumbo Kevin van de Leur, Lead engineer, Van Oord Speaker TBD, Boskalis Sponsored by

INNOVATION, COLLABORATION AND COST-REDUCTION The low oil price has driven costreducing innovations and new forms of collaboration in various stages of the oil & gas life cycles. This session will present cases ranging from research and development and real technology deployment to new business models.

Nominees of the “Best Innovation in Offshore Energy Award” will have the opportunity to present their submission.

With contributions from: Robert Plat, Principal Consultant

Offshore, Royal IHC Malcolm Newton, Senior Inspection Engineer, Bluestream Offshore Jens Klit Thomsen, Chief Commercial Officer, Maersk Decom Sibren Bonte, Senior Engineer / Project Manager, Gusto MSC OFFSHORE WIND OPERATIONS AND MAINTENANCE The costs of O&M activities represent between a quarter and a third of the total lifetime costs of offshore wind farms.

This session looks at ways to reduce O&M costs of the wind turbines and the balance of plant, looking in particular at asset management strategies including, for example, offshore-based maintenance and condition based maintenance, asset management tools and reliability of key components.

Attention will also be paid to end-ofwarranty opportunities.

With contributions from: Andrew Kay, O&M Strategy Manager, ORE Catapult Mark Whitehead, Commercial Manager, Bibby Marine Services Clym Stock-Williams, Wind Energy Consultant, TNO LATE LIFE OPERATIONS In the North Sea region as well as in other mature basins oil and gas operators constantly have to ask themselves whether their ageing wells, platforms and associated infrastructure equipment are still economic to operate.

This session looks at late-life strategies and technologies, focusing on reducing operational costs and maximizing value creation for companies, investors and resource holders from late phase operations.

With contributions from: Mike Gunningham, Chief Production Technologist, SGS Nederland BV Speaker TBD, NAM

CORPORATE RESPONSIBILITY Across the globe and across industries, companies increasingly face public scrutiny of their business activities. This session will engage delegates in a discussion on corporate responsibility in the extractive and renewable energy industry and why it makes business sense to put corporate responsibility at the heart of your company strategy. Expect examples of how companies take responsibility for their impact on the environment they operate in, on their stakeholders and on their own employees and the results of this strategy.

With contributions from: Christiaan Luca, Associate Partner, Community Wisdom Partners Katinka van Cranenburgh, Partner, Community Wisdom Partners Sander Dekker, Manager Sustainability, Van Oord Eelco de Groot, Board member EITI / Senior Lecturer Risk Management TU Delft, EITI / TU Delft Jean-Marc Fontaine, Civil Society Engagement, VP Operations and Expertises, Total DECOMMISSIONING AND RE-USE Decommissioning and re-use of oil and gas platforms and also of wind turbines is becoming a business of its own. This session looks at recent decommissioning projects and what has and can be done to work cost efficiently and cost-effectively. Speakers will focus on planning, innovation and cooperation, along the supply chain as well as across nations.

With contributions from: Eric Kreft, Project Lead Re-use & Decommissioning, EBN Morten Dallov Ibsen, Advisor, NIRAS Jacqueline Vaessen, General Manager, NexStep Roger Esson, Decommissioning Solution Centre Manager, OGTC Nils Cohrs, Head of Decommissioning, OGA Paul Jacob Bins, Managing Director, Decom Partners

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EVENT NEWS

Event news Just four months to go before Offshore Energy Exhibition & Conference kicks off. Let us take you on a tour of what we have been up to in the run up to the event.

Supported

by NWEA Offshore Energy Exhibition & Conference is pleased to welcome the Netherlands Wind Energy Energy Association (NWEA) as a supporting partner to the exhibition and conference. NWEA is the Dutch sector association uniting the wind sector in the Netherlands and working to increase and accelerate sustainable wind energy on land and at sea. “Offshore wind plays a major role at Offshore Energy Exhibition & Conference. In the midst of the energy transition, in which offshore wind will be vital, creating partnerships and learning from best practices is necessary. This is why we are so pleased to welcome NWEA a supporting partner,” says Philip Mulder, Business Development Manager at Offshore Energy.

Bienvenida España!

Offshore Energy welcomes the Spanish Asturias pavilion. The region has a strong maritime, offshore and steel construction track record and offers great potential for future business.

The pavilion represents a rich combination of government bodies, port authorities and supply chain companies. As such they are a great international and relevant add-on to the event and its exhibitors. Come and visit them in Hall 3, stand 3.307.

Another new addition to our pavilions is the GSES Go Green Pavilion in cooperation with NDI, the National sustainability Institute to the exhibition floor. Navigating your daily operations in an industry where sustainability and circular economy are top-of-mind can be daunting.

Fear not! The Go Green Pavilion will offer the best practices from Boskalis, Heerema, Royal IHC, Peterson, 80:20 Procurement and Theunissen Technical Trading. You will also find Bayards, International Food Services – IFS, OOS International, Merford, and Trustlube with circular product cases from the Global Sustainable Enterprise System (GSES) by NDI there as well.

Innovations hotspot Looking to meet the youngest innovators within the industry? Head to the Startup Zone. Not only will you find good technical ideas that make the offshore energy sector economical, safer, more efficient and more sustainable, but also a large amount of international companies. Traveling all the way from Australia is MODU Exchange, the first online resale market for historic rig data.

Meet the startups in Hall 2, 3.400.

The future of offshore wind Wait! There’s more!

With so much to choose from, just a selection of what you can expect during OEEC is printed in the Newsflash. Let’s not forget the Offshore Energy Opening Gala Dinner & Awards Show, Global Gas Event, Thematic Sessions, Offshore Energy Matchmaking, Community Square, Global Oil Event, Marine Energy Event and the exhibition floor.

Everything you need to know, find it on our website www.offshore-energy.biz.

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The 9th annual Offshore Wind Conference brings together the entire offshore wind value chain to discuss current and future developments and innovations. In addition to key project updates, topics include future-proof business models for subsidy-free offshore wind, redesigning electricity markets for abundant offshore wind and solutions for storage. Get in touch with future-proof products, services and Innovations during OWC. Purchase your ticket via www.offshore-energy.biz.

INTERVIEW

Innovation, collaboration and cost-reduction Jens Klit Thomsen CCO, Maersk Decom

In the North Sea alone, more than 400 fields are expected to cease production by 2026 at an estimated cost of USD 56 billion.

Globally, over 700 fields are expected to require decommissioning. Offshore Energy spoke to Jens Klit Thomsen CCO of Maersk Decom on what the outlook is for decommissioning ahead of his presentation during Offshore Energy on this subject.

Maersk Decom was established as a joint venture between Maersk Drilling and Maersk Supply Service to provide bundled decommissioning solutions to oil and gas operators, while leveraging the parent companies’ heritage of over 50 years of safe and efficient operations, high quality assets and technical capabilities. Thomsen: “As a specialised decommissioning company, Maersk Decom can reduce risk and lower costs for our customers, and as the asset owners with extensive marine experience, we know how to use our rigs and vessels to find more efficient ways of carrying out operations.”

End-to-end decommissioning

Initially covering up to 80% of the decommissioning process, Maersk Decom offers project management, well plug and abandonment, towage of floating units and removal of subsea infrastructure.

In the long run Maersk Decom plans to provide the full end-to-end process of decommissioning. Thomsen: “We have received positive feedback from the market about the new, dedicated company, as well as a lot of interest in our bundled Offshore Energy Newsflash 40

solutions. We expect to land our first bundled decommissioning tender by early 2019.”

“With more than 400 fields expected to cease production by 2026 in the North Sea alone, there are plenty of decommissioning opportunities”, says Thomsen. Asked if innovation could potentially halt decommissioning projects, Thomsen comments: ”On the contrary, we see innovation as a key aspect of decommissioning. We must look to innovate in order to find the best possible solutions that are the safest for all stakeholders involved, including the environment, but also the most efficient and cost effective.”

Think outside the box

Join Jens Klit Thomsen during the Thematic Session: Innovation, collaboration and cost-reduction on Tuesday 23 October from 15.00 to 17.00 hrs where he will offer a few examples of innovation and collaboration from two of our past projects and how they resulted in significant cost and time savings. “ I hope delegates takeaway from

my presentation that when we are open to taking a different approach and thinking outside the box, we can find smarter ways to employ our resources to deliver offshore projects in more cost effective ways.”

Join the session!

Thomsen will be joined on stage by Malcolm Newton, Senior Inspection Engineer at Bluestream Offshore and Sibren Bonte of Gusto MSC to discuss how the low oil price has driven cost-reducing innovations and new forms of collaboration in various stages of the oil & gas life cycles. Furthermore, this session will present cases ranging from research and development and real technology deployment to new business models. Nominees of the “Best Innovation in Offshore Energy Award” will have the opportunity to present their submission.

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Created and produced by

OFFSHORE WIND

OIL & GAS

Register now!

MARINE ENERGY

Offshore Energy attracts a global audience of more than 12,000 offshore energy industry professionals.

The three-day event features an exhibition where over 600 companies will showcase their products and services. The accompanying conference addresses current and future issues in the offshore industry, covering developments in oil & gas, offshore wind and marine energy. See you in Amsterdam!

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