Event Announcement: Production Sharing Contracts (PSC) Master Class

EVENT ANNOUNCEMENT:

PRODUCTION SHARING CONTRACTS (PSC) MASTER CLASS

A most comprehensive & up-to-date course on successful Production Sharing Contracts Management in the oil & gas industry

05 to 08 March 2012

Dar Es Salaam, Tanzania

Overview

Effective training in today’s fast developing petroleum market is essential if relevant executives in both the public and private sectors are to create and implement the optimum regulatory and commercial environment for revenue and profit maximisation. Nowhere is this more important than in the development and negotiation of Production Sharing Contracts (PSCs), a critical part of global petroleum exploration, production and commercialization.

The purpose of a PSC is to facilitate the finding and commercialisation of deposits of oil and gas. However, production sharing is not the only regime used for that purpose, nor, within a production sharing regime, is the PSC the only instrument used; and, as with all such regimes, production sharing, and each individual PSC, exists within a historical, geopolitical and legal framework, and a global market, that informs its principles and its detailed implementation. It is imperative for relevant executives in both government and private sectors to understand the ever-changing impact of these forces on the PSC, and the PSC’s position and role among the many key factors needed for successful oil and gas commercialisation.

Key Benefits

Key issues to be addressed in depth:

• Being updated of the latest development in Oil & Gas commercialization
• Examining the relationship of PSC, concession, and other regimes in the right to explore and produce
• Analysing the relationship of PSC to industry exploration & production agreement
• Unitisation and its alternatives, and the peculiar problems of different fiscal, regulatory and administrative regimes, and their solutions
• Analysing the relationship of PSC to construction and field service contracts – who really bears the risk of a wild well?
• Analysing the relationship of PSC to industry transportation & sales agreement
• Examining the PSC, IPPs and other downstream investments
• Exploring the role of PSC in financing of commercialization
• Investigating PSC, Resource Rent & Petroleum Economics
• Underlying PSC as an administrative tools
• Constructing PSC as an investment tool
• Examining a PSC through case study

Who Should Attend          

All those involved in the Production Sharing Contract implementation:

• International & Government Negotiator

• Corporate Planner

• Contract / Agreements Managers / Specialists

• E & P Professionals / Managers

• Policy Analyst

• Legal Advisors

• Business Development Managers

• Commercial Managers

• Finance Directors & Managers / Controllers / Auditors

• Business & Accounting Analyst

• Tax & Finance Advisors

• Operation Manager

• Compliance Officers

• Projects Manager / Owners / Engineers

• Loan Officers

• Economist

• Investors

Types of organizations

• Government Bodies

• National Oil Corporation

• International Oil Corporation

• Independent Exploration & Production Companies

• Consultant firms

• Logistic, Transportation & Infrastructure Companies

• Technology/Engineering/Equipment firms/suppliers

• Investment banks / Investors / financiers / VC / Funds

• Insurance / Risk management companies

For Enquiries on the Agenda and Registration, please contact: Rilla Eas, Marketing Manager

Phone: +65 6557 9183

Email: rilla.eas@neo-edge.com

Event Announcement: Formation Damage Prevention & Treatment

EVENT ANNOUNCEMENT:

FORMATION DAMAGE PREVENTION & TREATMENT

05 to 08 March 2012

Dubai, United Arab Emirates

Overview

The purpose of this workshop/course is to gain adequate knowledge in formation damage. This workshop will take us through the types and mechanics of formation damage, their preventions and treatments.

The economics of a project development may be jeopardised by failure to obtain the production target. Economics relies on a limited number of highly productive wells.

Formation damage is an impairment of reservoir permeability around the well bore, leading to low or no well production or injection. There are two types of Formation Damage namely: Pore/pore throat size physical reduction and relative permeability reduction. Formation damage is often quantified by “Skin” factor. Skin is strictly a measure of an excess pressure in the producing formation as fluids flow into a well. This excess pressure drop can occur from one or several of a wide variety of causes such as drilling mud, cement and completion fluid filtrate invasion, solids invasion, perforating damage, fines migration, formation compaction, swelling clays, asphaltene/paraffin deposition, scale precipitation, emulsions, reservoir compaction, relative permeability effects, effects of stimulation treatments, etc. Therefore, it is evident that formation damage problems are caused by the nature of our activities during the cause of interactions with our wells.

The critical factor from a well completion and intervention standpoint is to limit, where possible, the creation of damage (especially severe plugging in the near wellbore area). This means, to avoid plugging of the perforations in a cased hole completion and to avoid plugging of the formation face in an open-hole completion. This workshop will educate us on how to avoid plugging and how to restore wells with plugging problems in the perforations or formation face.

Beyond taking steps to eliminate severe permeability reduction in the near wellbore area, the next step is to obtain the best communication of the wellbore with the virgin formation. Therefore, fluids selection is critical as damage to the reservoir can result in impaired production and substantial loss of revenue to the Operator. It has resulted in increased reliance on formation damage testing to select the appropriate fluid and/or clean-up technique. This workshop has been designed to cover different well stimulation techniques to achieve the best reservoir-wellbore communications.

Our discussions will be extended to remedial solutions to water shut-off, gas shut-off and scale problems in the oil and gas industry. 

Key Benefits

The advantage of attending this workshop/course includes:

• Understanding the effect of formation damage on revenue to the operator
• Understanding the mechanism of formation damage
• Understanding formation lab tests and interpretation
• Understanding the impact of skin on productivity for both vertical and horizontal wells
• How to select the best fluid (less damaging) at every phase of the well development: drilling and completion, cementing, perforating, stimulation, gravel packing, workover, production and injection operations
• How to diagnose formation damage problems
• How to apply the best treatment to a sandstone and carbonate reservoir
• How to stimulate to tight reservoir and high permeability reservoir

Who Should Attend          

The target audience for this course includes: 

• Completion Engineer / Superintendent
• Well Intervention Engineer / Site Leader / Site Manager
• Production Engineer / Manager / Superintendent
• Petroleum Engineer
• Reservoir Engineer
• Drilling Engineer / Superintendent / Site Manager
• Cross-Discipline Training
• Oil and Gas Project Evaluator
• Oil and Gas Industry Drilling/Completion/Intervention Service Providers

For Enquiries on the Agenda and Registration, please contact: Rilla Eas, Marketing Manager

Phone: +65 6557 9183

Email: rilla.eas@neo-edge.com

Event Announcement: Structuring Compliant Derivative Master Class

EVENT ANNOUNCEMENT:

STRUCTURING SHARIAH COMPLIANT DERIVATIVE MASTER CLASS

Integrating Conventional & Shariah Concept for Structured Product Offering

14 to 15 February 2012

Kuala Lumpur, Malaysia

Overview

Modern Islamic finance remains in its infancy, having emerged only in the mid-1990s. Despite exceptional growth rates, Islamic finance is essentially devoid of derivatives products, in part due to doctrinal constraints and due in part to the infancy of the industry. In March of 2010, after years of effort, the International Swaps and Derivatives Association (ISDA) and International Islamic Financial Market (IIFM) released The 2010 Tahawwut Master Agreement for the standardized effectuation of certain swaps and derivative transactions that are compliant with the principles of Islamic Shariah.

Voluntary adoption of standards in the financial sector by Muslims countries is very underdeveloped and very often national practice takes precedence over the less well-established international organizations especially in the nascent Islamic finance space. In addition, in markets such as Malaysia, they have developed local Shariah-compliant hedging techniques including profit-rate and currency swaps quite some time ago.

Come and join us for a one-of-a-kind workshop, dealing with a new standard in Shariah finance. Bootstrap your organization ability to address a new market segment. Don’t miss out on this opportunity.

COURSE HIGHLIGHTS

• UNDERSTAND the Ta’Hawwut Master Agreement concept and issues surrounding it
• EXPLORE Islamic Derivatives Instruments under Ta’Hawwut Master Agreement
• ANALYZE the difference between Niyya and Intention in Hedging
• GET the Basic Principle of Shariah Compliancy right
• CAPTURE the Big IDEA in structuring your Shariah Compliant Derivatives Product
• EXPLORE the Development of Shariah Compliant Derivatives Instruments

Key Benefits

The Islamic financial services industry, comprising Islamic banking, Islamic insurance (takaful) and the Islamic capital market, is an area that has grown to become an increasingly substantial segment within the global financial market and has gained considerable interest as a viable and efficient alternative model of financial intermediation. Growing awareness of and demand for investing in accordance with Shariah principles on a global scale have been the catalyst towards making the Islamic financial services industry a flourishing industry. This is also a reflection of the increasing wealth and capacity of investors, both Muslim and non-Muslim, to seek and invest in new investment products that serve their needs.

Faced with intense competition and changing customer demands, Islamic banks and financial institutions today have to incorporate innovative structured products to attract and retain customers. It is becoming more crucial for industry players to develop innovative Shariah-Compliant products and marketing capabilities to achieve business profitability and manage risk.

The Course Trainer will illustrate from his own personal experience that complex product structuring and pricing is simply not enough. There is no excuse for not having full command of the documentation to the transaction which can dominate the pricing.

The course leader will show how the initial conventional derivatives were created from their basic building blocks and draw lessons for Islamic products. He is in a position to discuss the ISDA Ta’Hawwut documentation having been involved in derivative documentations since before ISDA itself was created.

This highly interactive and progressive 2-day workshop that provides you with a unique opportunity to learn and discover from a corporate, retail and investment banker who comes with wealth of secular and Islamic credentials.

Who Should Attend          

This workshop is aimed at

·         Chief Financial Officers

·         Bank Marketing and Sales Directors

·         Shariah Advisors

·         Financial Engineers and Product Structurers

·         Asset and Liability Managers

·         Compliance and Audit Manager

·         Corporate treasurers

·         Corporate Lawyers

·         Central Bank Regulators

·         National Shariah Board

Senior Managers in Financial Institutions from the following departments:

·         Treasury

·         Islamic Finance

·         Derivatives

·         Investment Banking

·         Risk & Compliance

·         Legal

For Enquiries on the Agenda and Registration, please contact: Rilla Eas, Marketing Manager

Phone: +65 6557 9183

Email: rilla.eas@neo-edge.com

Event Announcement: Supply Chain Optimisation & Analysis

EVENT ANNOUNCEMENT:

SUPPLY CHAIN OPTIMISATION & ANALYSIS

07 to 09 February 2012, Accra, Ghana

13 to 15 February 2012, Johannesburg, South Africa

Overview

In today’s increasingly volatile competitive environment, implementing a long-term strategy for competitive advantage has become next to impossible for organisations. This stand-alone course introduces delegates to techniques that uncover supply chain productivity inefficiencies and then create processes to build towards supply chain optimisation. Critical concepts will be analysed which can be considered in developing an effective supply chain.

Course Highlights:

• Streamlining all your supply chain functions to collaborate for effective cost reduction
• Demand planning & forecasting strategies and tools to gain competitive advantage in the most cost-effective way
• Examining best practices in inventory, service and cost optimisation
• Hands-on learning of cost reduction opportunities in distribution and warehousing
• Improving service levels, reliability and risk mitigation with distribution network optimisation
• Evaluating the role of transport in supply chain management for profitable growth

Key Benefits

“Supply chain and logistics optimization is neither easy nor cheap but it is the biggest opportunity for most companies to significantly reduce their cost and improve their performance. For most supply chain and logistics operations there is an opportunity to reduce cost by 10% to 40% by making better decisions.”

By attending this stand-alone 3 day’s workshop, you will learn to:

·         Benchmark against best practices on measuring supply chain performance

·         Develop efficient supply chain strategies to minimise downtime and loss of production

·         Improve lead time management

·         Optimize your inventory management and  distribution network; and minimize  hidden costs

·         Prevent excessive downtime by minimising lead time

Who Should Attend          

CEOs, CFOs and Directors and Managers of the following functions: 

• Supply Chain Management

• Logistics and Transport 

• Demand and Supply Management Planning

• Inventory and Warehousing management

• Storage

• Distribution

• Procurement

For Enquiries on the Agenda and Registration, please contact: Rilla Eas, Marketing Manager

Phone: +65 6557 9183

Email: rilla.eas@neo-edge.com 

Event Announcement: International Arbitration & Dispute Resolution in the Oil & Gas Industry

EVENT ANNOUNCEMENT:

INTERNATIONAL ARBITRATION & DISPUTE RESOLUTION IN THE OIL & GAS INDUSTRY

13 to 16 February 2012

Singapore

Overview

At a time when global LNG/gas markets are experiencing dramatic changes and global economics fuels the competition for oil and gas supplies, more and more energy buyers and sellers are resorting to international arbitration to resolve commercial disputes concerning the interpretation of significant energy contracts, including concessions, pipeline agreements and major LNG and Gas supply contracts and the associated construction and facility management agreements. The growth of price review and other disputes is caused by a variety of factors including: liberalisation of key gas markets, high oil and oil linked products, increased liquidity and transparency in some markets and uncertainty over demand. The tendency of companies to assert and protect their rights negotiated in contracts is an increasing sign of the times, where global competition to secure reliable energy supplies and the cost of investing in energy projects is significantly increasing. Using real case studies, this four day course is designed to provide delegates with practical guidance and information on the process and stages of international arbitrations. The course will also focus on the issue of quantifying and calculating loss of profit and damages as well as how parties can act to significantly reduce their exposure to claims. 

The course addresses the causation of a dispute through contract uncertainty, the different forums and rules for dispute resolution, the methodology of the dispute process, the importance of the evidence, the art of settlement, the role of experts, arbitrators and judges, the fundamentals of calculating damages, the advocacy skills required to achieve success and the enforcement of the award. 

The sessions will be interactive and real case studies will be explored when discussing each stage of the dispute process and delegates will be invited to share their experiences. The final day and a half will focus on a mock arbitration before an experienced barrister. 

This comprehensive and topical course will be valuable both to those who already have experience in international arbitration as well as to new comers to the legal sector involved in resolving disputes within the energy industry.

Key Benefits

The course addresses the causation of a dispute through contract uncertainty, the different forums and rules for dispute resolution, the methodology of the dispute process, the importance of the evidence, the art of settlement, the role of experts, arbitrators and judges, the fundamentals of calculating damages, the advocacy skills required to achieve success and the enforcement of the award. 

The sessions will be interactive and real case studies will be explored when discussing each stage of the dispute process and delegates will be invited to share their experiences. The final day and a half will focus on a mock arbitration before an experienced barrister. 

This comprehensive and topical course will be valuable both to those who already have experience in international arbitration as well as to new comers to the legal sector involved in resolving disputes within the energy industry.

Who Should Attend          

The course is designed for professionals from a large range of commercial, technical and legal backgrounds looking to gain in-depth insights into the various procedural stages and tactics from start to finish of an international arbitration process. With particular focus on arbitrations involving governments and/or State owned energy companies as well as the resolution of disputed price review clauses, this course will benefit all those involved in the oil gas supply chain including but not limited to:

* Government officials
* Negotiators
* Commercial Managers
* Project Managers
* Project Owners
* Lawyers/Advisors
* Finance and Accounting Managers
* Operation Managers
* Corporate & Administration Professionals
* Buyers & Sellers
* Business Development Managers
* Contract/Agreements Managers/Specialists
* E&P Professionals
* Students

Types of Organizations
• Government Bodies
• National Oil Corporation
• International Oil Corporation
• Service Oil Corporation
• Independent Exploration & Production Companies
• Consultant firms
• Logistic, Transportation & Infrastructure Companies
• Technology/Engineering/Equipment firms/suppliers
• Investment banks / Investors / financiers / VC / Funds
• Insurance / Risk management companies

For Enquiries on the Agenda and Registration, please contact: Rilla Eas, Marketing Manager

Phone: +65 6557 9183

Email: rilla.eas@neo-edge.com 

Event Announcement: Advanced Internal Control Concepts & Combined Assurance Applications

EVENT ANNOUNCEMENT:

ADVANCED INTERNAL CONTROL CONCEPTS & COMBINED ASSURANCE APPLICATIONS

Expand and sustain an effective internal control framework 

by building upon your existing environment and related 

evaluation tools making them more relevant in today’s 

increasingly complex organizational  environment.

14 to 16 February 2012

Johannesburg, South Africa

Overview

A strong internal control process in your organisation can be the result of effective use of resources and proper financial accountability. The challenge is to sustain this effectiveness in order to streamline the auditing process. It is important to optimise the assurance coverage obtained from management, internal assurance providers and external assurance providers on the risk areas affecting your organisation. Thus, thorough knowledge of COSO-based internal control concepts and combined assurance applications becomes vital.

Course Highlights:

• Be able to perform risk-based audits using the most advanced techniques
• Implement, or Improve COSO-based audit planning approaches
• Explore factors of successful risk-based audit and its practical implications
• Understand combined assurance risk based plan - Assurance providers
• Learn to effectively measure adequacy of controls based on the findings in the combined assurance matrix.
• Best practices on the final combined assurance report
• Take home proven evaluation tools used in COSO-based audit process

Key Benefits

Are you confident in your skills to measure risks and monitor control dependencies? Can you measure adequacy of internal control and is your organization following best practices?

By attending this stand-alone 3 day’s workshop, you will learn to:

• Obtain a high level working understanding of the concepts and applications of the COSO Internal Control - Integrated Framework and the COSO Enterprise Risk Management Framework
• Apply the concepts to a simulated case study to help solidify your understanding of control and ERM and to gain valuable insight from other participants
• Expand the COSO models to support the concept of Combined Assurance, applying the models to support a summary combined assurance report
• Explore practical solutions to support your combined assurance policies and methodologies
• Develop a foundation for best practices for control and risk assessments and measuring adequate assurance coverage
• Determine approaches to fill the assurance gaps and alleviate duplication as identified in the combined assurance process

Who Should Attend          

This course is designed for senior audit and compliance executives who want to initiate risk-based auditing and combined assurance in their organizations or improve their current internal control processes. It shall also benefit internal auditors and consultants who want to improve their skills in risk-based internal control approaches.

Chief, Director, GM, Manager, Head, Officer of:

• Internal Control    

• Operational Risk

• Internal Audit   

• Group Risk

• Compliance   

• Human Resource

• Risk    

• Administrative

• Finance

And all non-finance staff seeking to enhance and improve their existing control environment.  

For Enquiries on the Agenda and Registration, please contact: Rilla Eas, Marketing Manager

Phone: +65 6557 9183

Email: rilla.eas@neo-edge.com