Business opportunities on the NCS
Adapting to changing market forces
Time: Wednesday 18. October 2023
Location: Hall C
Price: Free
The major challenges faced by the oil and gas industry are in terms of reducing costs, optimizing the performance of its industrial base assets, and enhancing its environmental footprint due to the rising global demand, highly fluctuating pricing, and increasingly stringent environmental regulations.
Throughout history, challenges like this have represented business opportunities for Norwegian petroleum suppliers. The Norwegian continental shelf has been a leader in implementing new innovative technologies that have later become important export items.
At the OTD Energy Conference, we look at the activity and business opportunities on the Norwegian continental shelf in the coming years. We invite operators, contractors and suppliers to present their thoughts and visions on further development of the shelf, and where the business opportunities lie ahead.
Conference programme
10.00 - 11.00
Welcome by moderator
Ulf Rosenberg, Energy Advisor
Short-term challenges and long-term opportunities
Global inflation, war in Ukraine, public pressure to scale back fossil fuel expansion and a weak Norwegian krone. These are some of the challenges facing the players in the Norwegian petroleum industry and the consequences are delays in several investment decisions. How does this affect Norway's largest petroleum player, what trends and level of activity does the company envisage on the NCS in the coming years.
TBA
The Petroleum Market
We are experiencing a petroleum industry with high activity and continued willingness to invest. At the same time, we are approaching development projects for offshore wind and other renewable technologies. What will the energy market look like in the next few years and how should the companies position themselves nationally and internationally?
Lars Eirik Nicolaisen, Senior Partner & Deputy CEO
Rystad Energy
Green Industries: We are developing the energy industry of tomorrow on the Norwegian Continental Shelf
The Norwegian turnover related to offshore wind, hydrogen and CCS was NOK 46 billion in 2021. The offshore industry's growth in green turnover has until now mainly been driven by activity in the offshore wind market, and 90 per cent of the income in 2021 came from exports and sales from Norwegian companies abroad. When will the domestic market arrive?
Benedicte Solaas, Director, Climate and Environment, Offshore Norge
11.00 - 12.00
PART TWO
The supplier industry chart new courses
Solve the unsolvable with engineered solutions
As the NCS is entering a more mature phase, new issues with aging assets in operational fields appear. Also the increasing demand to reduce emissions from petroleum production create new challenges for Norwegian operators and suppliers. Oceaneering will use engineering to tackle issues ranging from aging subsea installations to electrifying production with microgrids and offshore wind.
TBA
Next generation digitalization at Yggdrasil
Yggdrasil is the next major development on the Norwegian continental shelf with investments of 750 million dollars. Siemens Energy has been given the task of equipping the field with future digitization solutions. How will new high-tech solutions affect existing and new fields, what is Industry 4.0 and how can suppliers join the digitization race?
Edmund Knutsen, Digitalisation NOA Project, Siemens Energy
Oceaneering
Oceaneering
TBA
12.00 - 12.30
Break
12.30 - 13.30
PART THREE
Thinking Outside the Box
AkerBP - The Yggdrasil Development
TBA
TBA
DNO
TBA
SLB
TBA
14.00-14.40
OTD Young
The Decarbonisation Challenge
Summary and closing
Ulf Rosenberg, Energy Advisor
Moderator: Linn Katrine Høie, CCO OpenHorizon AS
Vår Energi -
Aker Solutions -
UiS -
Registration is free!
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