What is the NOC Assembly?
Thank you to all of the delegates, speakers and sponsors of the 2018 NOC Assembly
Over 24 – 25 September we brought together senior representatives from NOCs and their partners to meet and discuss the unique opportunities available as NOCs undergo the most profound transformation in their history.
How will NOCs survive, adapt, and thrive in a post-peak demand O&G world? What models are they adopting to meet the requirements of a low carbon future? How is their relationship with IOCs, capital and investment, and the world, changing?
The O&G Council has worked with NOCs on every continent for nearly a decade. In 2018 we welcomed speakers and attendees from NOCs and IOCs all over the world including:
Please contact Amy Miller for more information.
Day One - 24 September 2018
8:00 – 9:00 Registration and Coffee
09.00 Opening Keynote
Coby van der Linde, Director, Clingendael International Energy Programme (CIEP)
9:15 – 10:30 Opening Session: NOCs and the Great Global Energy Market Disruption
NOCs are undergoing the most profound transformation in their history – comparable to the nationalizations of decades past. The traditional NOC model is being challenged on multiple fronts. This panel considers the most salient disruptions NOCs are dealing with – whatever their size or model.
- The new price/cost environment
- IOCs have made grand forays into renewable energy investment. Will NOCs, with their very different priorities, follow them?
- Which NOCs are successfully able to operate as a commerical, stand alone venture?
- The diversification of the traditional National Oil Company
- New technologies and strategies for efficiency
- Partial privatisation of NOCs and new sources of funding
Dr Christof Van Agt, Energy Analyst, International Energy Forum (IEF) (Saudi Arabia)
Jorge Leon, Senior Oil & Gas Economist, BP (UK)
Neil Atkinson, Head of Oil Markets Division, International Energy Agency (IEA) (France)
Rob West, Partner, Head of Energy Research, Redburn; Research Associate, OIES (United Kingdom)
Cornelia Meyer, Chair and Chief Economics, LBV Asset Management (Moderator)
– Networking Coffee Break –
11:30 – 12: 15 Morning Session 2: The Maturity Turning Point – The Art and Science of Operational and Cultural Change
NOCs are facing a profound maturity turning point related both to their largest assets becoming mature and with the arrival of a new generation of leaders entering the scene. The process of getting this transformation right is both an art and a science at the operational level and the cultural level. This session considers some of the considerations NOCs must face regarding their internal culture and their relations with other stakeholders during their transformation into highly commercial entities.
- How are NOCs – and the executives who run them – facing the demands of falling output?
- How should executives navigate the requirements of their State-related role with those of running a profitable company?
- What are some of the pitfalls to avoid (and how?) in effecting organisational change on this scale?
- Under which type of partnership can NOCs successfully develop mature fields or explore unconventional resources?
- What has been the impact of the new generation of NOC leaders on the strategic direction and/or culture of the modern NOC?
- How are relations between government and NOCs evolving?
Adam Lomas, Advisor to Ministry of Cyprus on Hydrocarbon Opportunities (Cyprus)
Andreas de Vries, Planning & Performance Specialist, Saudi Aramco (Saudi Arabia)
Dr. Olimpia Salas Guzman, Training and Career Development Group Consultant, Kuwait Oil Company (Kuwait)
Dr. Kwame Amoah, Manager, Sustainability, GNPC (Ghana)
Alexandre Lavelle, Partner and Head of Energy & Utility Middle East, Arthur D Little (Moderator)
12:15 – 13:15 Morning Session 3: Finding Capital, Allocating Capital – New sources of funding, new priorities for spending
- How have NOCs responded to shortfalls in revenues?
- IPOs, Project Financing, Bond Markets – how are NOCs finding new sources of finance?
- What are the considerations for an NOC considering tapping the capital markets and third-party finance?
- How has capital allocation changed, how is it changing? Where is the money going?
Artem Matyushok, Former Head of M&A, Rosneft (Russia)
David Ruelas Rodriguez, CFO, PEMEX (Mexico)
Rudolf Elias,CEO, Staatsolie, (Suriname)
Jan Boekelman, Finance Director and Member of the Board, EBN (Netherlands)
Amy Miller, Group Managing Director, Energy Council (Moderator)
– Lunch –
14:30 – 16:00 Afternoon Session 1: The Diverisification of NOCs – From National Oil Company to National Energy Company
- Should NOCs focus on turning themselves into national energy providers instead of simply oil and gas producers?
- Does it make commercial sense for NOCs to to invest in renewable energy projects that can partially fulfil growing domestic demand?
- The rush into petrochemicals – who does it make sense for?
- Case studies of diversification: NOC forays into Gas to power, LNG, Renewables, Refining, etc.
- What can NOCs learn from IOCs who have already become vertically integrated entities?
Andreas de Vries, Planning and Performance Specialist, Saudi Aramco (Saudi Arabia)
Ashanendu Mandal, Director General, ONGC (India)
Bala Wunti, Group General Manager, Corporate Planning and Strategy, NNPC (Nigeria)
Neri Askland, VP Commercial & Portfolio, Equinor (Norway)
Sandra Antonovic, COO, Reflex Marine (United Kingdom)
Shane Fitzsimmons, Global Practice Executive, Strategy and Business Excellence, KBC (Moderator)
– Networking Coffee Break –
16:30 – 17:15 Afternoon Session 2: The Internationalisation of NOCs – From National Companies to International Champions
- Overseas M&A – trends and projections.
- As oil prices stabilise, what does that mean for NOCs who are looking to expand abroad once more?
- Securing Resources or securing markets – a look at the different rationales for NOCs expanding abroad.
- What are the different pathways towards sustainable international growth?
- What are the success stories of NOCs who have become IOCs?
Vladimir Ilyanin , Deputy Branch Director for Business Development, Gazprom International (Russia)
Emiliana Rice-Oxley, Vice President Exploration, Upstream, PETRONAS (Malaysia)
Paola Carvajal, Principal, Arthur D Little (Moderator)
– 17:15 – 19:15: COCKTAIL RECEPTION
Day Two - 25 September 2018
8:30 – 9:30 Registration and Coffee
9:30 – 10:00 Morning Session 1: Technology and R&D – How are NOCs transforming their fortunes with advanced technology and digitisation?
- Perspectives on the digitisation of O&G, and the role of big data analytics.
- AI, digital twins, automation
- Where are NOCs on the technology adoption curve, and how can they accelerate their adoption of digital technologies?
- To what extent are NOCs investing in technology through international acquisitions and joint ventures?
George Liszicasz, President and Chief Executive Officer, NXT Energy Solutions Inc.
– Coffee Break –
11:00 – 12:00 NOC Relationships Part 1: International and Independent Oil & Gas Companies
- Do IOCs need NOCs as much as they used to?
- From local partner to international competitor – How has the relationship changed recently and how will it evolve?
- Are NOCs and IOCs developing along divergent or convergent paths?
- Can anything be generalised about the patterns of interactions between IOCs and NOCs around the world?
- Could we ever see NOCs and IOCs become functionally indistinguishable as their business models converge?
David Purcell, Head of NOC Relations, Shell (USA)
Kamel Eddine Chikhi, Directeur Conseil, Head of Partnerships, Sonatrach (Algeria)
Jalel Smaoui, Director, International Operations, ETAP (Tunisia)
Virginia Markouizou, Head of Practice, Downstream, RPS (Moderator)
– Lunch –
13.00 Charting The Growth of the Emerging NOC
- How can smaller NOCs leverage their position for optimal results?
- What are the unique challenges faced by emerging NOCs, and what can they learn from others who have been there before?
- What are the emerging political and regulatory challenges new NOCs face that are particular to them and how are they navigating them?
Susan Morris, CEO, Belize Natural Energy (Belize)
Dr. Kwame Amoah Baah-Nuakoh, Manager, Sustainability, GNPC (Ghana)
Isatou Auber Faal, Deputy Managing Director, Gambia National Oil Company (Gambia)
Adrian Del Maestro, Global Research and Thought Leadership, PWC
Amina Lebdioui, Counsel, Sonatrach (Algeria) moderator
14:00 Close of NOCs Assembly followed by Senior Executive Dinner at 19:00
Day Three - September 26 - Getenergy Global
By attending the NOC Assembly you will receive a complimentary pass to attend this year’s Getenergy Global show at the Passenger Terminal, Amsterdam
8:00 – 9:00 Registration and Coffee
9:45 – 10:45 : Achieving a common approach to localisation in order to serve national developmental strategies more effectively: Best practice on developing a local talent pool through technical and vocational training and working effectively with corporate universities
• Susan Morrice, Chairperson, Belize Natural Energy
• Patrick Oforo, Manager, Sustainability, GNPC
• Rogers Beall, Executive Chairman, Africa Fortesa Corporation
• Nuha Moosa, Head of the National Objectives Training Programme, PDO
11:30 – 12:30 : What are the solutions to localisation barriers and how should training and competency strategies be implemented to overcome these barriers?
• Emmanuel Mugagg, CFO, UNOC
• Kwasi Osei-Kusi, Country Manager Ghana, Oil Field Equipment, Baker Hughes/GE
• Kevin Watson, In-Country Values & Business Best Practices, OPAL
• Speaker to be confirmed, Honeywell Process Solutions
15:00 – 16:00 : Maintaining a social license to operate: Matching supply with demand; what techniques can be used by industry and government to match-make opportunities for local procurement?
• Senior representative, IFC
2018 Lead Sponsors
2018 Premium Sponsors
2018 Associate Sponsors
“I am sure that these nice gather of oil & gas experts, investors and engineers will generate more synergy to all parties involved in the Oil & Gas sector.”Jalel Samoui
“I would like to extend my deepest gratitude for giving us the opportunity to take part of a great event.”Diakaria Koulibaly
“Most informative and appreciated the opportunity to network with our industry peers”Althea Sherman
“I thought the conference was good. It was very well attended, with good speakers.”Dr Valerie Marcel