Published: Aug 15, 2007
What’s the fuss?
THE surge in demand for energy, coupled with high oil prices, has led to a boom in exploration and production. Offshore activity is expected to represent 43% of oil production and 83% of gas production by the end of 2008, so there is a high level of interest in the market. In addition, as oil and gas prices rise, the exploration and production of previously ignored marginal fields is becoming economically viable, meaning drillships, production vessels and supply ships are in demand. While profits to be gained from traditional ship financing have levelled out, the offshore sector remains buoyant and is seen as a potential growth area, with many ship finance banks moving into the market.
Speakers to note
Phil J Mulhall, exploration manager, Europe/North Africa, ExxonMobil International;
Sarah Kuijlaars, finance director, Shell Nigeria Exploration & Production;
Bjorn Henriksen, executive vice president and CFO, Prosafe SE;
Elisabeth Barstad, director, business development, BW Offshore;
Sven Dybdahl, head of floating production group, DVB Merchant Bank (Asia);
Richard Moreton, executive director, Granby Oil & Gas;
Erik Haugane, chief executive, Pertra ASA.
In a nutshell
Financing Offshore Exploration Production, October 4-5 2007, Crowne Plaza hotel, London SW1.