St. John’s, NL (June 21, 2016) — The 32nd annual Newfoundland and Labrador Oil & Gas Industries Association (Noia) Oil & Gas Conference got underway today at the St. John’s Convention Centre with delegates hearing from Premier Dwight Ball as well as operators BP, ExxonMobil Canada and Husky Canada.
“Our opening day provided delegates with a look at how the global industry is reacting to this cycle and whether the upward pressure on oil prices will be sustained. International experts presented a positive view of the future of the industry based on a balancing of supply and demand pushing the price of oil in the direction we need in order to see renewed investment,” said Robert Cadigan, Noia President and CEO.
Another key theme of the day was collaboration, with Premier Dwight Ball announcing the imminent establishment of an industry development council with a mandate of developing clear policy and a vision for the long-term success of the province’s offshore industry.
“We were pleased that Premier Ball’s government is following through with their commitment to establish the industry development council. Our Redefining Oil initiative announced in November saw the Council as a critical first step in ensuring a strategy and vision for the development of locally-placed supply and service capabilities. Local participation needs to be strategic, building on our strengths and positioning companies to add value industry here and abroad. We look forward to working with the province and all industry stakeholders as this council starts its very important work.”
The Noia Oil & Gas Conference is Canada’s flagship offshore oil & gas industry event, attracting industry leaders from around the world. The 2016 program features an impressive roster of prominent speakers to address key industry topics, with sessions dedicated to: the impact of oil prices on global markets; responses and actions resulting from the drop in oil prices in different jurisdictions and what these mean to the Atlantic Canada offshore; the current opportunities in the Jeanne d’Arc Basin; technology and innovation and their impact on operational efficiency; as well as an informed look at the future of exploration and assessment of Newfoundland and Labrador’s frontier basin potential.
The program for Wednesday, June 22 is as follows:
|8:00 a.m.||Global Project Efficiency at Statoil:
Paul Fulton, Statoil Canada
|Panel Discussion: Adapting to Global Change: Lessons Learned From Different Jurisdictions|
|8:30 a.m.||Efficiency Task Force: Cooperating to Compete:
Stephen Marcos Jones, Oil & Gas UK
|8:45 a.m.||Innovation in Cost Constrained Times:
Peter Bjerager, DNV-GL
|9:00 a.m.||Focused Norwegian Strategy to Support Technology Development and the Internationalization of the Industry
Håkon Skretting, INTSOK
|9:15 a.m.||Subsea Project in the North Sea – Lessons for Canada
Knut Boe, Technip
|10:20 a.m.||Review of the Jeanne d’Arc Basin
Jeff O’Keefe, C-NLOPB
|10:40 a.m.||Integrity Management on the SeaRose FPSO
Ken Dyer, Husky Energy
|11:00 a.m.||Mono-hull Light Well Intervention – Assets and Capabilities
Neil Greig, Helix Well Ops (UK) Ltd.
|11:20 a.m.||Terra Nova Update – Suncor Energy:
Brent Janke, Suncor Energy
|1:15 p.m.||Luncheon Keynote:
Vivian Krause, Financial Post Contributor
With a theme of “Fueling the Future & Re-energizing Change,” this year’s conference brings together global industry leaders to reflect on the current climate of the oil & gas industry and ways to improve operational efficiency, as well as discuss the future of exploration.
The full conference program is available online at www.noiaconference.com