Agenda

Keynote Address: The outlook for Abu Dhabi
12:00 - 12:20 Knowledge Theatre
Plenary

The current business environment and outlook for the region, including some consideration of the prospects for the offshore marine sector.

Please note that this programme is subject to change.

Keynote Panel Discussion: How can the offshore marine market re-balance itself?
12:30 - 13:30 Knowledge Theatre
Panel Discussion
Chief Executive Officer
Abu Dhabi Ship Building
Principal Analyst, Middle East Upstream Oil & Gas
Wood Mackenzie
Chief Executive Officer
Topaz Energy and Marine

Sponsored by:

 

For operators in the offshore marine market, it’s all about managing the downturn as effectively as possible and preparing to take full advantage of opportunities as and when they occur. This panel will examine the prospects for the Middle East and wider global offshore marine market. What will it take to turn it around?  In the meantime, what are the optimum strategies for dealing with the current imbalance between supply and demand?

 

A panel of experts will look at:

  • What the contrasting effects of OPEC production cutbacks and expanded North American shale production may mean for the oil price
  • What is the realistic prospect for the sanctioning of new offshore projects in 2017 and 2018?
  • The true supply/demand equation for the OSV market
  • How can/will that oversupply be addressed?  What contribution will scrapping of older assets make to its resolution?
  • How the Middle East market compares to other regions.  Will it continue to attract capacity from other poorer performing areas?
  • Will the pace of industry consolidation accelerate in the year ahead?

*Please note that this programme is subject to change.

Ask the Experts: Manning Business Updates
14:15 - 15:15 Knowledge Theatre
Power 60's
Group Chief Executive Officer
Elektrans Group
Chief Executive Officer
The Nautical Institute

Man Overboard? How to make the most of your human assets  

Access to seafarers with relevant skill sets is a growing challenge and one that is likely to intensify in the short term when the offshore industry recovers from the current downturn. Large numbers of experienced senior seagoing personnel have either left the business or are approaching retirement and many who remain lack some of the specialist expertise required in the offshore energy and workboat trades. How can we turn this around?

This ‘Ask the Expert’ session will look at the following:

  • Safety and availability of skilled crew in the current market – is it acceptable? What extra measures need to be taken now and going forward in view of the fact that the supply of well-trained seagoing personnel will come under increasing pressure when the market picks up?
  • The drop in day rates and its effect on service levels – how to attract and retain a skilled workforce, particularly in a rising market
  • How advancing technology and improved connectivity can transform the lives of seafarers, not only by keeping them in regular touch with friends and family but also providing access to news, current affairs, sport and continuous professional development, mentoring online?
  • How a more enlightened approach to human resource requirements and management will play a vital role in meeting demand for highly motivated and experienced seafarers when the workboat sector picks up again 

MODERATOR: Captain Michael P. Elwert, Group Chief Executive Officer, Elektrans Group

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What are Power 60's
These are targeted sessions aimed at problem solving for the offshore marine and workboat industry.

Power 60's: Business Updates - Ask the Expert
This series of sessions will give you an opportunity to listen to experts in their respective fields of manning, finance and legislation. These will then be followed by Q&A with the speakers. This is YOUR opportunity to share your experiences, discuss what problems you've been facing, and work together to find solutions with your peers.

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*Please note that this programme is subject to change

Ask the Experts: Financial / Legal Business Updates
15:30 - 16:30 Knowledge Theatre
Power 60's
Senior Marine Specialist - Petrodata
IHS Markit
Managing Partner
NorthCape DMCC
Partner
Holman Fenwick Willan

Taking stock - how to make the most of your assets  

Sink or swim - it is survival of the fittest. What are the viable financial options and trends that are shaping the offshore marine and workboat industries, and how can these be applied to you?

This ‘Ask the Expert’ session will look at the following:

  • The financial/legal outlook – what are the realities of what lies ahead?
  • Availability of finance - what is really on offer and how to take the next step?
  • Refinancing, financial restructuring or distressed investing – a look at the options
  • Blowing hot and cold. As we wait for the upturn, what are the pros and cons of stacking?
  • To scrap or not to scrap - what is needed to make this a workable option?
  • Any bright spots for investors

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What are Power 60's
These are targeted sessions aimed at problem solving for the offshore marine and workboat industry.

Power 60's: Business Updates - Ask the Expert
This series of sessions will give you an opportunity to listen to experts in their respective fields of manning, finance and legislation. These will then be followed by Q&A with the speakers. This is YOUR opportunity to share your experiences, discuss what problems you've been facing, and find solutions with your peers.

****************************************************

*Please note that this programme is subject to change