Panel Sessions

Tuesday, 20 September, 1400 to 1600

Panel Session 1: Attracting Investment in a Competitive Environment

Panel Session Co-Chairmen:

Gunawan Sutadiwiria, Vice President of Exploitation Manager, BPMIGAS
Peter Gaffney, Founding Partner, Gaffney, Clines & Associates

Speakers:

• Evita H. Legowo, Director General of Oil and Gas Indonesia, Directorate of Oil and Gas Indonesia, Ministry of Mineral and Energy Resources
• Elisabeth Proust, President Director, Total E&P Indonesié
• Jim Taylor, Chairman, Indonesian Petroleum Association (IPA) and President, Conoco Phillips, Indonesia

Abstract

For developing nations in particular, decreased investment resulting in diminished energy supply will be especially costly. Stable, streamlined and transparent regulatory processes will be needed to attract investment and encourage competition among operators, resulting in the best outcomes for all parties. Indonesia is at a crucial period in the development of its energy sector. It is essential to promote a policy framework with a long-term view – to encourage investment in the burgeoning oil and gas sector. Indonesia is challenged to reorient its energy sector and reverse upstream production decline especially given the actions of its dynamic Asian neighbors. Investors require legal and economic clarity, consistency, certainty, competitiveness and transparency in order to make the large investments required in the oil and gas industry.

A number of brief presentations by experts in policy will be made to illustrate the various issues faced by investors. This will then be followed by a panel discussion, including the presenters. The discussion will review the learnings from different countries.

 

Wednesday, 21 September, 1100 to 1230

Panel Session 2: Excellence in Project Integration

Panel Session Co-Chairpersons

Eric Wright, Technical Manager, Banyu Urip Project, Mobil Cepu Ltd.
Laurent Alessio, Director, LEAP Energy

Speakers:

• Marc Schmidt, Senior Principal, Boston Consulting Group
• Mazuin Ismail, Head Development Projects and Production Sector, PETRONAS
• Ngurah Kresnawan, Vice President Tangguh, BP Indonesia
• Winfried Arens, Vice President of Global Projects, Shell
• Ken Dowd, Banyu Urip Project Executive, ExxonMobil (Topic: Banyu Urip Project)(Invited)

Abstract

Once commercial reserves have been located and a field development concept developed, the effective execution of that project is key to economic success. This places key emphasis on the project management and organizational processes to achieve project objectives to safety, schedule, budget and integrity quality.  Furthermore, as the search for economic reserves continues, projects are being developed in increasingly difficult environments, e.g. arctic, deepwater and remote terrain from infrastructure support. This creates even greater challenges for project execution. A number of brief presentations by operators on experiences from recent projects will be made to illustrate the various approaches used by the respective companies. 

This will then be followed by a panel discussion, including the presenters. The discussion will review the learnings from recent projects including the audience input. 

Focus discussion items include: 

• key factors in project success,
• addressing threats to the original plan,
• management of contractor performance,
• monitoring and maintaining safety, schedule and quality in remote locations
• incorporation of lessons learned for future projects.

 

1400 to 1600

Panel Session 3: Carbon Dioxide Capture and Storage

Panel Session Co-Chairpersons

Hardiv H. Situmeang, Chairman, Indonesian National Committee-World Energy Council (KNI-WEC)
Ego Syahrial, Head of Programme Division, LEMIGAS

Speakers:

• John Tombari, Vice President, Schlumberger Carbon Services
• Michael C.N.C.G. Putra, CO₂ Policy Advisor, Royal Dutch Shell
• Pradeep Tharakan, Deputy Chief of Party, US AID ECO-Asia Clean Development and Climate Program, Asian Development Bank (Topic: Financing CCS Projects)
• Wolfgang Heidug¸ CCS Unit, Intl. Energy Agency

Abstract

Recent estimates suggest that the world energy demand is expected to double over the course of next decades leading to 2050. During this period, unprecedented growth in renewable energies may potentially supply around a third of global energy mix. However this also means fossil fuels will remain to dominate the energy supply in the foreseeable future. Unabated increases in CO₂ emissions from combustion of fossil fuels emphasize the need for effective policies to mitigate climate change. Other than improving combustion and end-use efficiency, deploying CO₂ Capture and Storage (CCS) technologies will enable society to significantly abate CO₂ emisions resulting from combustion of fossil fuels.

At the same time, the challenge of climate change attributed to anthropogenic greenhouse gases (GHG) requires substantial reduction in global GHG emissions. In order to avoid an average temperature increase no more than 2 degrees Celsius (which is seen by many as the upper limit), the CO₂ eq concentration in the atmosphere must not exceed 450 parts per million (ppm). Today, the concentration of CO₂ has exceeded 385 ppm and still growing.

CO₂ Capture and Storage (CCS) is typically defined as the integrated process of gas separation at industrial plants, transportation to storage sites and injection into subsurface formations. CCS offers great potential for reducing CO₂ emissions from large point source emitters, such as coal-fired power plants and oil and gas processing plants. The Nobel Prize-winning Intergovernmental Panel on Climate Change (IPCC) suggests that CCS could potentially deliver around half of the total emissions reduction needed to stabilize global CO₂ levels by the end of the century to avoid adverse impact of climate change.

As the bridge to a more sustainable energy system, CCS offers one of the key solutions for combating climate change–among the portfolio of solutions, including renewable energies, energy efficiency, forest management, and other mitigation options.

Given the urgency of the climate challenge and the massive build up of energy systems, particularly in rapidly growing developing countries, global deployment of CCS is critical. CCS is slowly advancing towards commercialization with learnings from a number of CCS pilot plants and works done around legal and regulatory framework. Nevertheless, key barriers remain for immediate and global deployment of CCS. Most CCS studies confirm that most critical barriers are namely financing, regulatory framework, and risk & liability management.

 

Thursday, 22 September, 1100 to 1230

Panel Session 4: Unconventional  Resources

Panel Session Co-Chairmen

D.M. Anwar Raja, Petro Malaysia Sdn. Bhd.
Takashi Hiraoka, Subsurface Development Dept., INPEX Corp.

Speakers:

• Syed Farouq Ali, President, Heavy Oil Recovery Technologies Ltd.
• Kyel Hodenfield, Vice President, Unconventional Resources, Schlumberger
• Masanori Kurihara, Professor, Dept. of Resources and Environmental Engineering, Waseda U.
• Craig Stewart, President & CEO, VICO Indonesia

With the rising demand for oil and gas, combined with assured population growth, economists and geoscientists predict that global production derived from conventional supplies will begin to decline as early as 2040.

Unconventional resources (including heavy oil, tar sands, oil shale, gas and oil from coal, gas in ultra tight formations, coalbed methane, and methane hydrates) have the potential to fundamentally impact global energy security. Their long term viability is still maturing although some of these unconventional resources are already commercial and some are planned as commercial developments in the near future.

Optimally we could be onto something big, but there are many underlying uncertainties, including growing environmental concerns, technological challenges, water availability and land issues.

This Panel Session will bring together high-level experts to share their views and thoughts on unconventional resource prospects from industry, policy makers and other stake holders.