SPE Upstream Finance and Investments Conference 29 Oct 2019 Leonardo Royal Hotel London St Paul’s London, England, UK

Letter from the Chairs

Dear Colleagues,

On behalf of the Society of Petroleum Engineers (SPE) and the Programme Committee, we welcome you to the 2019 SPE Upstream Finance and Investments Conference.

Since the oil price collapse in 2014, E&P investors have been keenly focused on returns, capital outlay, and cost reduction. For over a decade public upstream companies have meaningfully outspent cash flow as they focus on the production growth. As public companies start de-levering balance sheet, returning capital to shareholders, and generating free cash flow with moderate growth, private companies increase operational activity and account for most of the A&D activity.

This year’s conference will start with discussing the current and changing investment climate, the rise of private equity portfolio companies, and the evolving strategies of major E&P companies. We will also discuss about the importance of sustainable energy for the oil and gas industry and the role of oil & gas in delivering the UN’s Sustainable Development Goals. Final remarks will focus on the continues innovation during the prolonged downturn and its impact to generate tremendous productivity gains and capital efficiencies for both public and private companies, and eventually generate returns investors have been seeking for.

We hope you will find these sessions engaging and take the opportunity to pose questions to our panel of experts and take part in stimulating discussions. We look forward to meeting you at the conference.

Adam Borushek
RISC Advisory

Basak Kurtoglu
Quantum Energy Partners