Middle East Offshore
Support Journal Conference 8-9 May 2017, Dubai

Middle East Offshore<br /> Support Journal Conference

2017 Conference Programme

Identifying opportunities, finding finance and using technology in the downturn

DAY ONE

08.00    Registration, coffee and networking
    
09.00     Chairman’s welcome address
Edwin Lampert, Head of Content, Riviera Maritime Media, Riviera Maritime

09.05     Platinum sponsor welcome address 
Ali Al Daboos, Executive Director - Operations, Dubai Maritime City Authority 

SESSION 1: MARKET UPDATE

09.15 Analysing trends in the offshore oil and gas sector

  • Global oil market update - short term outlook 2017 – 2018
  • OPEC’s agreement to reduce output – the effect on the oil price  
  • Overall global political uncertainty and its effects on the industry
  • Future plans of the oil majors, how they could affect the offshore support market

Thom Payne, Associate Director, Douglas-Westwood

09.45 Panel discussion: Survival in the current market and preparing for the upturn 

  • Solutions for overcoming current uncertainty
  • Dealing with reduced rates for existing contracts and renewals of old contracts
  • Managing the effect of budget cuts on safety and maintenance of OSVs 
  • When will we see the market coming back? 

Vivek Seth, CEO, Halul Offshore
Joseph Assaf, Country Manager, POSH Saudi
Sanaz Taransari, Commercial Manager, Seaport International Shipping Company 
Florent Kirchhoff, General Manager, Swire Pacific Offshore

10.25    Q&A

10.40    Networking coffee break in the exhibition area sponsored by ABS
 

SESSION 2: FINANCE AND ASSET STRATEGY  

11.20 Introduction from the session chair
  
11.25 Strategies moving forward on Iran 

  • Offshore oil and gas projects outlook in Iran
  • Barriers to entry, regulations and local content rules
  • Implications and challenges of operating in this market
  • Gaining access to opportunities for offshore maritime sector

Alessandro Tricoli, Partner, Head of Shipping Department, Fichte & Co.

11.45 Scrapping volumes and residual values
Simos Dimitriou, Trader,  GMS

12.05  Panel Discussion: Comprehensive restructuring, mergers and acquisitions

  • Assessing investment, finance and risk appetite for the OSV sector
  • Is financial restructuring an enabler of long-term security?
  • Implications for companies when debt terms mature
  • Industry outlook: consolidation and the likelihood of bankruptcies

Moderator:
Michael Savva, Senior Associate, Watson Farley & Williams (Middle East) LLP

Panellists:
Bora Bariman, Head – Energy & Marine, National Bank of Fujairah
Koen Munniksma, CFO, Valyrian Liftboat 


12.25   Q&A

12.50 Networking lunch in the exhibition area sponsored by SeaTech Solutions International 

SESSION 3: CAN MIDDLE EAST OFFSHORE SUPPLY VESSEL MARKET BUCK DOWNWARD TREND?

A debate structured to involve two opposing teams – as well as delegates – in discussing a controversial industry motion. One team will argue for the motion. The other against. The winning team will be decided by audience vote.

Motion: This house believes that the Middle East OSV market can help lead the sector out of recession

14.00 Background

14.15 Proposer (for the motion)
Capt. Mohamed Ajjan, Business Development Manager, Allianz Middle East Ship Management 
           
14.20 Proposer (against the motion)
Fazel A. Fazelbhoy, CEO, Synergy Offshore 

14.25 Seconder (for the motion)
Denis Welch, Head of Business Unit – Middle East, Miclyn Express Offshore
    
14.30 Seconder (against the motion)
Ian Chung, Partner, Clyde & Co. 
           
14.35 Debate Points

  • How the Middle East market is providing opportunities even in the downturn
  • Why Singaporean owners have been successful in winning opportunities in the Middle East
  • What are the future opportunities from Iran and how will they impact the industry?
  • How do owners of highly sophisticated vessels match pricing of low cost vessels?

  
15.10 Vote on the motion and verdict

15.15 Concluding remarks by the chair
 
15.25 Networking break in the exhibition area sponsored by ABS
 

SESSION 4:  NEW VESSEL DESIGNS

16.15 Introduction from the session chair     

16.20 Multi-Purpose Vessel: The Answer?

  • Multi- purpose vs dedicated AHT, PSV, DSV, etc.
  • Current market, charter rates, etc. 
  • Demand / Supply
  • Utilisation and NPT (present)
  • What would be the ideal or optimum multipurpose DP vessel for use in Abu Dhabi / Saudi Aramco

Dilip Sarangdhar, Technical Director, SeaTech Solutions International

16.35 Designing and building low cost shallow draft ECO/OSV multiflex vessels 

  • Innovative off shore design
  • Shallow draft and multi role
  • Low capex and low opex
  • Dedicated design for a changed market

Willem Moelker, Head of Sales and Marketing, Damen Shipyards Sharjah & Albwardy Marine Engineering 

16.50  The increasing role of self-propelled jack-ups and liftboats

  • Lighter than conventional jack-ups
  • Improved crane and jacking structure integration
  • Cargo is carried in the center; the vessel is perfectly balanced during every installation cycle without water ballast
  • Large beam results in a surplus of stability

Gunnar Haug, Managing Director, Ulstein Asia

17.05    Q&A    

17.20    Closing remarks from the session chair

17.25     End of Day 1

 

DAY TWO

08.00  Registration coffee and networking in the exhibition area sponsored by Topaz Energy & Marine

09.00  Introduction from the Chairman  

09.10 Middle East and North Africa OSV market trend

  • Global OSV demand, supply, and utilisation
  • Middle East OSV demand, supply, and utilisation
  • Long term outlook 2017-2020 

David Manuel, Senior Marine Specialist, IHS Markit
 

SESSION 5: REDUCING RISK AND OPERATING COSTS

09.30 OSVs in the digital era – Who’s in control?

  • Efficiency gains and opportunities from digital transformation
  • Understanding the underlying change drivers and challenges 
  • Successfully navigating the digital transformation process
  • Risk management strategies and collaborative partnerships

Sergej Krstanovic, Marine Chief Executive, UAE, Bureau Veritas  

10.05  Q&A

10.20 Networking coffee break in the exhibition area sponsored by Topaz Energy & Marine 

11.00 Risk-based cyber security and measurable effects on offshore assets
Simon Zhou, Principal Engineer, American Bureau of Shipping

 11.20 Owning and managing operational risk

  • Understanding the risk for vessels engaged in DP operations
  • Developing Activity Specific Operating Guidelines (ASOG) to reduce risk
  • Methodology – preparation and implementation

David Drew, Regional Managing Director, Global Maritime Group Middle East

11.40 Q&A

SESSION 6:  MENA OIL MAJORS – NEW STRATEGIC APPROACH

11.55    Introduction from the session chair
  
12.00 Developments in IRM, subsea and deepwater markets

  • Opportunities in subsea, IRM and deepwater
  • Gaining contracts and partnerships in the current market
  • Negotiating charter terms while overcoming challenges/ operational complexities
  • Dealing effectively and transparently with local partners

Kurush Contractor, CEO, Kreuz Subsea

12.15 Update on Abu Dhabi leading offshore O&G companies

  • What O&G companies expect from local and international market partners
  • Identifying vessel requirements for ongoing and future developments
  • Practical advice to successfully negotiate contracts with oil majors
  • Maintaining good relationship in the current situation

Anees Eldeen, Marine Specialist Technical - LGM-TS,  Zakum Development Company (ZADCO)

12.30    Q&A

13.05  Networking lunch in the exhibition area

14.15 Challenges facing the ME offshore companies and strategic approaches for weathering the downturn

  • Oil & maritime industry markets update
  • Which cycle are we on now - structural change or traditional cycle?
  • Issues and challenges facing ME offshore companies during downturn
  • New trends and strategic approaches in chartering, shipbuilding and ship repair markets
  • Increasing efficiency and cost cutting
  • The global down turn effect on Zamil Offshore marine operations, shipbuilding and ship & rig repair

D. Ing. Hassan Abouraya, Corporate Business Development, International  Marketing & Risk Management, Zamil Offshore

14.35 Update on the Caspian and Iranian OSV market

  • Demand and supply outlook
  • Is the Caspian immune to global trends?
  • Iran – which vessels, when?

Fazel A. Fazelbhoy, CEO, Synergy Offshore 

14.55 Q&A

15.10  Closing remarks from the session chair 

15.15 End of conference
 

 

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