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Do you want to develop an efficient portfolio management methodology that maximises the value of your assets? If you want to deliver improved financial performance to your stakeholders, then we have just the thing you need!

Following on from the hugely successful conference Reserve Acquisitions, Disposals and Swaps in April 2001, SMi Conferences is bringing you continued discussions into the world of asset and portfolio management. Taking place on 24th & 25th September in London, E and P Portfolio Management conference is your opportunity to maximise synergies and strategic alliances to achieve portfolio optimisation.

Packed with case studies and presentations, this is your opportunity to: · Meet and network with peers and industry leaders · Appreciate the effect of mergers on portfolio diversification · Evaluate project screening methodologies to build a portfolio vision of potential assets · Execute effective methods of asset valuation · Find out about organic growth vs. aggressive growth and choosing the right approach for your portfolio

Conference programme

8:30 Registration and Coffee

9:00 Chairman's Opening Remarks

Bruce McMichael

Bruce McMichael, Editor, Energy Day

9:10 ISSUES IN PORTFOLIO MANAGEMENT

Mike Whiteside

Mike Whiteside, Managing Director, Indeva Energy Consultants

  • What are we trying to achieve in portfolio management?
  • How much value does an asset contribute to the portfolio?
  • Flexibility and Options, how important are they?
  • Organic Growth or Acquisition?
  • Portfolio Balancing, mixing products, lifecycle and vertical integration
  • E-modeling, the way forward?
  • 9:40 ALIGNING PORTFOLIO STRATEGY WITH CORPORATE STRATEGY

    Jeffrey Lund

    Jeffrey Lund, VP Portfolio Management, Kerr-McGee

  • Managing your portfolio as a value-driven strategic process
  • Maximising the value of your portfolio
  • Know your priorities- keeping your strategies focused
  • Shareholders influence- keeping investors happy
  • Informing the rest of your decision makers
  • Portfolio review- keeping your portfolio in line with changing strategic objectives
  • 10:20 CREATING A ROBUST PORTFOLIO STRATEGY FROM PORTFOLIO OPTIMISATION ANALYSIS

    Professor Graeme Simpson

    Professor Graeme Simpson, Senior Consultant, Gaffney, Cline & Associates

  • Robust and consistent technical and commercial input data
  • “Full value” probabilistic economics
  • Capital allocation- the importance of precise definitions of goals, objectives and constraints
  • Definition of risk and metrics
  • The role of portfolio optimisation in strategy formulation
  • 11:00 Morning Coffee

    11:20 PORTFOLIO CONSTRUCTION

    Sharon Sievert

    Sharon Sievert, Principal Economist, BHP Petroleum

  • The motivation - The components of decision-making - Formulation of portfolios
  • The approach - The story - The analysis - The mechanics
  • The common pitfalls
  • The results
  • 12:00 OPTIMISING YOUR PORTFOLIO

    Henrik Sætness

    Henrik Sætness, Risk Manager, Norsk Hydro Energy

  • Brief history of Norsk Hydro’s Electricity Portfolio Management
  • Realising the value of optionality
  • Managing the risk and controlling new exposures
  • Performance Measurement
  • Leveraging the Internal competence to become a Risk Management Service Provider
  • 12:40 Lunch

    14:00 MANAGING YOUR ASSET VALUATION

    Paul Brand

    Paul Brand, Principal Consultant, Energy Consulting, Wood MacKenzie

  • Traditional valuation techniques- discounted cash flow
  • Alternative valuation techniques- need for different systems
  • Comparative analysis of your assets
  • Balancing price risk and optimising value
  • 14:40 MAKING THE MOST OF THE PORTFOLIO

    Paul D.B. Williams

    Paul D.B. Williams, Senior A&D Co-ordinator, Shell UK Exploration and Production

  • Strategic decisions - what we want to achieve - portfolio implications – where to focus - third party opportunities
  • Commercialising 3rd party opportunities - analysing the marketplace - who are the third parties, what do they want & what can they offer - marketing options and asset packaging - timing - Implementation of the Marketing Process - approaches - the “good deal”
  • Conclusions
  • 15:20 Afternoon Tea

    15:40 ADDING TO YOUR PORTFOLIO

    Odd-Erik Flaatin

    Odd-Erik Flaatin, Chief Negotiator International E&P, Statoil ASA

  • A sound portfolio strategy as a basis for adjusting your portfolio
  • Capitalising on synergies through strategic buying and selling
  • Developments in the asset market
  • Negotiating a successful deal- strategy, data-room, valuation
  • How to overcome hurdles for transactions
  • 16:20 CURRENT AND FUTURE UPSTREAM TRANSACTION TRENDS IN NORTHWEST EUROPE

    Kenneth McKeller

    Kenneth McKeller, Managing Director of the Petroleum Services Group, Arthur Andersen

  • Drivers for Divestitures
  • The Role of the Advisor
  • The Changing Market Place
  • The new breed of buyers
  • 17:00 Chairman's Closing Remarks and Close of Day One

    8:30 Re-registration and Coffee

    9:00 Chairman's Opening Remarks

    Peter Sibley

    Peter Sibley, Principal, Process Industries, AT Kearney

    9:10 RISKS AND TRANSACTIONS

  • Balancing legal risks against political, commercial, technical and other risks
  • Risks and costs of - different legal environments - different kinds of transactions
  • Preparing for and structuring transactions
  • Doran Doeh

    Doran Doeh , Partner, Denton Wilde Sapte

    Doran Doeh

    Doran Doeh, Partner, Denton Wilde Sapte

    9:40 CREATING THE RIGHT BALANCE FOR YOUR PORTFOLIO

    Torstein Sanness

    Torstein Sanness, Executive Vice President, DNO

  • Balancing exploration, development projects and production reserves
  • Maintaining flexibility- leaving margin for error
  • Keeping an eye on the market- identifying the right buyers, the right projects
  • Making an entrance- when to get involved in a project
  • Lopsided portfolios- are they sustainable
  • Looking at the long term
  • 10:20 MANAGING A GLOBAL EXPLORATION PORTFOLIO

    David Bamford

    David Bamford, Head of Exploration, BP

  • The need for Strategy
  • Where to Explore
  • What to Drill
  • Knowledge Management
  • Applying Technology
  • 11:00 Morning Coffee

    11:20 MANAGING A PETROLEUM EXPLORATION PORTFOLIO

    Andrew Lodge

    Andrew Lodge, International Exploration Manager, Amerada Hess

    12:00 FINANCING PORTFOLIO GROWTH

    Colin Bousfield

    Colin Bousfield, Director, Oil and Gas Team, Barclays Capital

  • Financing techniques and options
  • Sources of funding
  • Keeping the costs low and maximising the value
  • The impact of using hedging instruments
  • Global financing and the impact of cross-border acquisitions
  • 12:40 Lunch

    14:00 INCLUDING ABOVE GROUND RISK IN PORTFOLIO MANAGEMENT DECISIONS

    Peter Riches

    Peter Riches, Senior Advisor- Above ground risk management, Texaco

  • Understanding the significance of above ground risk
  • Developing a common language and framework
  • Coming to terms with the subjective nature of risk
  • Integrating above ground risk assessments in portfolio management
  • 14:40 SELECTING PORTFOLIO MODELLING SOFTWARE

    Dennis Smith

    Dennis Smith, Manager for Economic Software, IHS Energy Group

  • Defining the Scope and Objectives of the Software
  • Establishing Company Philosophies on Analytical Techniques
  • Determining the Balance between Automated, 'Black Box' systems and Open, Flexible Systems
  • Comparing 'in house' development to Purchase of Outside Software
  • Evaluating the advantages and disadvantages of Using Spreadsheets
  • 15:20 Afternoon Tea

    15:40 MANAGING YOUR PORTFOLIO DATA

    Michael Larsen

    Michael Larsen, Consultant, Paras Consulting

  • The impact of real time decision data in a global business
  • Can a virtual oil & gas company exist and what form will it take?
  • Choosing decision-making software and services
  • External data service providers- instant data access
  • Company structures- breaking down boundaries
  • Future trends- new technology coming your way
  • 16:20 KNOWLEDGE AND INNOVATION

    Dr Ben Tye

    Dr Ben Tye, Business Consultant – Innovation and Advanced Business Solutions, SAIC

  • Knowledge to create value – knowing you poducts, technology and customers
  • Turning tacit know how into explicit know how
  • Enhance and levrage intellectual capital
  • Where knowledge management drives inovation
  • Knowledge management technologies – what do they offer to inovation?
  • 17:00 Chairman's Closing Remarks and Close of Conference

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    VENUE

    The Hatton, at etc. venues

    51/53 Hatton Garden, London, United Kingdom

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    The Hatton, at etc. venues

    51/53 Hatton Garden
    London EC1N 8HN
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    The Hatton, at etc. venues

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    WHAT IS CPD?

    CPD stands for Continuing Professional Development’. It is essentially a philosophy, which maintains that in order to be effective, learning should be organised and structured. The most common definition is:

    ‘A commitment to structured skills and knowledge enhancement for Personal or Professional competence’

    CPD is a common requirement of individual membership with professional bodies and Institutes. Increasingly, employers also expect their staff to undertake regular CPD activities.

    Undertaken over a period of time, CPD ensures that educational qualifications do not become obsolete, and allows for best practice and professional standards to be upheld.

    CPD can be undertaken through a variety of learning activities including instructor led training courses, seminars and conferences, e:learning modules or structured reading.

    CPD AND PROFESSIONAL INSTITUTES

    There are approximately 470 institutes in the UK across all industry sectors, with a collective membership of circa 4 million professionals, and they all expect their members to undertake CPD.

    For some institutes undertaking CPD is mandatory e.g. accountancy and law, and linked to a licence to practice, for others it’s obligatory. By ensuring that their members undertake CPD, the professional bodies seek to ensure that professional standards, legislative awareness and ethical practices are maintained.

    CPD Schemes often run over the period of a year and the institutes generally provide online tools for their members to record and reflect on their CPD activities.

    TYPICAL CPD SCHEMES AND RECORDING OF CPD (CPD points and hours)

    Professional bodies and Institutes CPD schemes are either structured as ‘Input’ or ‘Output’ based.

    ‘Input’ based schemes list a precise number of CPD hours that individuals must achieve within a given time period. These schemes can also use different ‘currencies’ such as points, merits, units or credits, where an individual must accumulate the number required. These currencies are usually based on time i.e. 1 CPD point = 1 hour of learning.

    ‘Output’ based schemes are learner centred. They require individuals to set learning goals that align to professional competencies, or personal development objectives. These schemes also list different ways to achieve the learning goals e.g. training courses, seminars or e:learning, which enables an individual to complete their CPD through their preferred mode of learning.

    The majority of Input and Output based schemes actively encourage individuals to seek appropriate CPD activities independently.

    As a formal provider of CPD certified activities, SMI Group can provide an indication of the learning benefit gained and the typical completion. However, it is ultimately the responsibility of the delegate to evaluate their learning, and record it correctly in line with their professional body’s or employers requirements.

    GLOBAL CPD

    Increasingly, international and emerging markets are ‘professionalising’ their workforces and looking to the UK to benchmark educational standards. The undertaking of CPD is now increasingly expected of any individual employed within today’s global marketplace.

    CPD Certificates

    We can provide a certificate for all our accredited events. To request a CPD certificate for a conference , workshop, master classes you have attended please email events@smi-online.co.uk

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