Please be invited to “Challenges Ahead for Energy Companies in E&P and OFS”, a seminar on 2nd April 2019 at SGX Centre, which includes presentation, panel discussions and 1x1 meetings.

After our well-received seminar on the Oil & Gas sector held in January, SGX is partnering with Rystad Energy to host another event to support interest in the oil & gas industry. 

Mr Marcel Tjia, CEO of Interra Resources, will sit on discussion panel and is available for 1x1 meetings.

Ms Joyce Tiong, the CFO of Dyna Mac, is available for 1x1 meetings.

AGENDA

9:00am        
Registration
9:25am Introduction by SGX
9:30am “The Challenge ahead:  Energy companies need to steer through cycles and transitions”
by Jarand Rystad, CEO of Rystad Energy
10:00am “E&P & OFS in South East Asia – about to boom or a sunset industry?” by Martin Opdal, Consulting Project Manager of Rystad Energy
10:30am Panel Discussion and Q&A by Jarand, Jon and guest panelists Mr Marcel Tjia from Interra Resources and  Mr Scott Frost from Netherland, Sewell and Associates, Inc
11:00am End, start of 1x1 meetings

TOPICS

"The Challenge ahead:  Energy companies need to steer through cycles and transitions" by Jarand Rystad

Energy companies face tremendous short and long-term challenges. Short term, the challenges are related to volatile energy prices, illustrated by the oil price slide in Q4 2018. Rystad Energy has developed a proprietary model using system dynamics to understand market dynamics.  Key insights from these simulations will be shown, e.g. how shale has increased the market volatility and shortened the cycle time. 

Longer term, energy companies and governments must prepare for the energy transition away from fossil fuel. It is not IF, but WHEN this will happen, as oil demand will peak and renewable electricity generation will be very competitive. Investments in new energy sources have a very different risk-reward profile versus traditional upstream investments and capital cost will need to be much lower, very different from the current equity based funding of capacity development. Thus, are current energy companies natural owners of tomorrows energy infrastructure?  How fast will the transition happen, and what kind of financial and organizational transformation do we need to see? 

 

"E&P & OFS in South East Asia – about to boom or a sunset industry?" by Martin Opdal

  • Fiscal terms changes - Stimulating activity or reducing regional interest?
  • Exploration activity -  Will 60+ USD/bbl bring back exploration?
  • Sanctioning -  How is FID outlooks for 2019 and 2020, will OFS bounce back as a result?
  • M&A in 2019 - Is the market still deal hungry, where will the M&A hotspots be?
  • Decommissioning - Will decom and P&A rise on the E&P agendas with lower oil, and service, prices?

SPEAKERS & GUESTS

Jarand Rystad

CEO, Rystad Energy

Jarand 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.  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.

 

Martin Opdal

Consulting Project Manager, Rystad Energy

Martin works as a project manager in Rystad Energy’s Singapore consulting practice. His area of expertise includes strategy and market assessments, macro analysis, transaction support and valuation for upstream E&P, oilfield services and financial institutions. Martin holds a M.Sc. in Industrial Economics and Technology Management from the Norwegian University of Science and Technology (NTNU).

 

Marcel Tjia

Executive Director & Chief Executive Officer, Interra Resources

Marcel was first appointed to the position on 20 June 2009 and was elected on 28 April 2010.   Prior to joining the Company, Mr Tjia was a partner in a regional private equity and direct investment company with interests in energy and natural resources. Over the past 30 years, Mr Tjia has gained extensive experience in mergers and acquisitions as well as corporate finance in Hong Kong, Indonesia, Singapore and Canada.

Mr Tjia holds a Bachelor of Commerce (Honours) and a Master of Business Administration from The University of British Columbia, Vancouver.

Listed on the SGX Mainboard, is engaged in the business of petroleum exploration and production (E&P), seeking attractive resource opportunities across Southeast Asia. Its portfolio of production, development and exploration assets comprises five petroleum contract areas in Indonesia and Myanmar.

 

Ms Joyce Tiong

CFO, Dyna-Mac Holdings Ltd

Ms Tiong is responsible for overseeing Financial Reporting, Corporate Finance, Corporate Secretariat and Investors Relations. She reports to the Executive Chairman and CEO. She joined the company in 2006.  A member of the Institute of Singapore Chartered Accountants since 1999, Ms Tiong is also a fellow member of the Association of Chartered Certified Accountants since 2002

Dyna-Mac is a global leader in the detailed engineering, fabrication and construction of offshore FPSO (floating production storage offloading) and FSO (floating storage offloading) topside modules as well as onshore plants and other sub-sea products for the oil and gas industries.

Listed on SGX Mainboard and headquartered in Singapore, Dyna-Mac has yards spanning across Singapore and Malaysia, with presence in the Philippines, China and Brazil.

 

Philip S. (Scott) Frost

Senior Vice President and CFO, Netherland, Sewell & Associates, Inc. (NSAI)

Scott has more than 30 years’ experience in oil & gas. His experience includes large project management, deepwater field evaluations, equity determinations, and probabilistic analysis of exploration prospects and new discoveries. His geographic areas of expertise include all United States producing basins, the Gulf of Mexico, the North Sea, Indonesia, and the Gulf of Thailand. He has an M.B.A. in Finance, Tulane University, 1983; B.E. in Mechanical Engineering, Vanderbilt University, 1979. Scott was a Supervising Engineer at Exxon Company, U.S.A. before joining NSAI in 1984.

NSAI provide services to the worldwide petroleum industry that include reserves reports and audits, acquisition and divestiture evaluations, simulation studies, exploration resources assessments, equity determinations, and management and advisory services.

REGISTRATION

Email to chonglek.foong@sgx.com, please including any requests for 1x1 meeting.