Workshop Brochure - Society of Petroleum Engineers

Early Bird Registration Deadline:
18 January 2013
Society of Petroleum Engineers
4–6 March 2013 | Amwaj Rotana Hotel | Dubai, UAE
SPE Applied Technology Workshop
Petroleum Economics: A New Era
Who Should Attend
• Decision Makers
• Economists
• Corporate Planners
• Engineers
• Portfolio Managers
• Analysts
• Negotiators
• Project Managers
• Consultants
Committee Members
Co-Chairperson
Khaled Maherzi
ExxonMobil
Co-Chairperson
Naeem Alshehri
Saudi Aramco
Co-Chairperson
Omair Hameed
Schlumberger
Ahmad Azouqa
ZADCO
Ali Al-Sumaiti
Petroleum Institute
Andres Flores
Occidental Oil and Gas
Hayder Obead Al-Moallem
ADCO
Ibtisam Riyami
Petroleum Development Oman
Jasper Weener
Dubai Petroleum
Jayendu Vaidya
Dragon Oil
Kenneth Henriks
Maersk Oil
Kirk Hanes
Palantir Solutions
Mohamed Al-Jadi
KOC
Mohamad Atabani
STR
Rafael Duque
Dana Gas
Ramin Lakani
Gaffney, Cline & Associates
Rozaini Latiff
PETRONAS
Sarika Varma
Heriot-Watt University
Sohan Harkeshvinderjit Singh
Schlumberger
Workshop Description
The dynamics of supply and demand in the oil and gas industry are rapidly changing the field of petroleum
economics. It has to evolve fast to adapt to the requirements of this new era. To meet the world’s energy
needs safely, reliably, and affordably, we will need an integrated set of solutions that include expanding all
economic energy sources, improving efficiency, and minimising environmental impact. These solutions must
be supported by trillions of dollars in new energy investment, a long-term focus, and constant technological
innovation at a time when the global financial crisis is continuing. Appropriate use of advanced analytical
methods is required to accurately assess these huge and complex investments.
Petroleum economics is affected by a complicated series of political and economic interactions pertaining
to the oil industry. People who study this subject need to be familiar with not only the supply and demand
factors but also the geopolitical outlook and the history of the oil industry as a whole. Political risks,
inflation, unemployment, misallocation of resources, uncertainty of forecasting models, the dynamics of
renewable energy alternatives, the complexity of unconventional resources, and technology overload; each
play an important role. Do we have the proper models that can enlighten all key organisational activities and
effectively evaluate the economics of oil and gas projects?
The second specialised SPE workshop on petroleum economics continues with some of the themes from
the last event into more focused topics related to challenges faced by the oil and gas industry in the new
economic era. This event will give attendees a chance to discuss the development and issues of new
valuation techniques and look at examples of their usage and application with other active practitioners and
decision makers. The workshop will include sessions on the oil pricing drivers, macroeconomic parameters,
evolution of petroleum contracts, risk management, and some insightful discussions on the economics for
EOR/IOR projects. It will provide ample opportunity to network with fellow peers and exchange ideas on
recent industry trends and challenges.
Workshop Objectives
This workshop aims to bring together a wide industry audience including practitioners of economics,
decision makers, generalists, and experts. It will address proper approaches and concepts that are
implemented in petroleum economics to help develop knowledge and skills in order to assess risks better
and accordingly make optimum decisions.
The workshop will consist of a series of structured half-day sessions and discussions on:
• Macroeconomic and Geopolitical Outlook
• Risk and Uncertainty
• Economic Modelling for Decision Making
• IOR/EOR Economics
• Petroleum Contracts
www.spe.org/events/13aamm

WORKSHOP
Petroleum Economics: A New Era
Sponsorship Support
Sponsorship support helps offset the
cost of producing workshops and allows
SPE to keep the attendance price within
reach of operations-level individuals,
those who benefit most from these
technical workshops.
Silver Sponsor
Bronze Sponsor
4 March
Luncheon Sponsor
4 March
Coffee Break Sponsor
Sponsors benefit both directly and
indirectly by having their names
associated with a specific workshop.
While SPE prohibits any type of
commercialism within the workshop
hall itself, the society recognises that
sponsoring companies offer valuable
information to attendees outside the
technical sessions.
Sponsorship Categories
Sponsorships are offered on a first come
basis. Please contact SPE to verify the
availability of a particular sponsorship.
Existing sponsors have the opportunity
to renew the same level of sponsorship
for annual workshops.
• Gold Sponsorship
• Welcome Reception and Dinner
• Luncheons—Per Day
• Coffee Breaks—Per Day
• Audio-Visual Equipment
Sponsorship Benefits
In addition to onsite recognition; SPE
will recognise sponsors on the SPE
website and in all printed material for the
workshop. Based on the sponsorship
selected, sponsoring companies also
receive logo visibility on promotional
workshop items.
For More Information
For a detailed list of available
sponsorships, including benefits and
pricing, contact Rasha Badran at
rbadran@spe.org.
Schedule
Monday, 4 March 2013
0800–0830 hours Welcome Coffee, Collection of Badges and Delegate Packs
0830–0845 hours Seating/Safety Briefing by Hotel, Welcome by Co-Chairperson, and Committee Introduction
0845–0900 hours Workshop Opening—Keynote Speech
0900–1030 hours Session 1: Macroeconomic and Geopolitical Outlook
Session Chairs: Khaled Maherzi, ExxonMobil; Naeem Alshehri, Saudi Aramco;
Omair Hameed, Schlumberger
Analysing movement and trends of the global and regional economy will help understand how the economy
operates and make the best decisions in a complex environment. Knowing the key factors influencing current
industry economic conditions is important to forecast supply and demand, and to understand pricing drivers,
cost trends, inflation, and tax. “What gets measured gets managed”, so do we have the proper key performance
indicators? Are the regional trends mimicking the global trends? If not, why? And what are the current challenges
for oil and gas companies in the Middle East?
In addition, this session will highlight some subjects on benchmarking and financing of exploration and production
projects from the perspective of different stakeholders including IOC’s, NOC’s, service companies, and financial
institutions.
1030–1050 hours Coffee Break/Group Photograph/10-Minute Activity
1050–1230 hours Panel Discussion and Q&A
1230–1330 hours Luncheon
1330–1500 hours Session 2: Risk and Uncertainty
Session Chairs: Jasper Weener, Dubai Petroleum; Kirk Hanes, Palantir Solutions;
Mohamad Atabani, STR
This session will focus on the appropriate application of the economic toolkit to the issue of addressing risk
and uncertainty. The session will include short presentations on key aspects of the topic. There is a wide range
of increasingly sophisticated risk modelling approaches available to practitioners, from simple deterministic
and scenario methods through decision based to fully stochastic and options based approaches. However, not
all analytical situations require the same sophistication of approach and we will discuss the applicability and
suitability of the various methods available in the context of different modelling situations and where practical the
commercial tools and associated methodologies that are used in the industry to assess and quantify risk.
1500–1520 hours Coffee Break
1520–1650 hours Panel Discussion and Q&A
1650–1700 hours Summary by Co-Chairperson
SAVE USD 700
BY REGISTERING
BEFORE
18 JANUARY 2013
Tuesday, 5 March 2013
0900–1030 hours Session 3: Economic Modelling for Decision Making
Session Chairs: Hayder Obead Al-Moallem, ADCO;
Ramin Lakani, Gaffney, Cline & Associates; Sarika Varma, Heriot-Watt University
With the ever increasing business complexity in the oil and gas industry, advanced economic modelling techniques
are applied to analyse some of the largest capital investment projects by assessing risks and uncertainties, which
enable us to improve decision making.
In this dynamic environment, we seek to provide significant value to clients and stakeholders, host governments or
shareholders, by improving their responsiveness, agility, and reliability using decision support systems and tools.
This session will address a wide range of issues related to both deterministic and probabilistic methods as applied
to investment decision making, underlining cost, project phasing, and uncertainty variables.

Register by 4 February 2013
wwww.spe.org/events/13aamm
General Information
A blend of theoretical concepts and their practical utility, similar to portfolio management
and asset optimisation will be addressed. This is a sophisticated process and sub-topics are
addressed, namely the importance of the economic limit tests in reserves determination,
evaluation of unconventional resources, and the use of scenario analysis for complex
projects.
1030–1050 hours Coffee Break
1050–1200 hours Panel Discussion and Q&A
1200–1210 hours Summary by Co-Chairperson
1210–1330 hours Luncheon
1330–1700 hours Social Activity
Wednesday, 6 March 2013
0800–0930 hours Session 4: IOR/EOR Economics
Session Chairs: Ali Al-Sumaiti, Petroleum Institute;
Ibtisam Riyami, Petroleum Development Oman;
Sohan Singh, Schlumberger
This session will not only discuss the economic challenges of IOR and EOR projects, but also
present case studies from the Middle East on how to overcome these challenges.
Many countries and oil companies have set high production targets to meet the world’s
steadily increasing demand for oil. However, with mega field discoveries becoming rare and
expensive alternative energy resources, it becomes critical to extend the life of the current
reservoirs through IOR and EOR methods. Besides the technical challenges to implement
such projects, economic challenges will always constitute to be a major hurdle to achieve
this demand.
0930–1050 hours Coffee Break
1050–1230 hours Panel Discussion and Q&A
1230–1330 hours Luncheon
1330–1500 hours Session 5: Petroleum Contracts
Session Chairs: Kenneth Henriks, Maersk Oil; Rafael Duque, Dana Gas;
Sirak Kifle, Gaffney, Cline & Associates
This session will discuss international petroleum contracts covering current trends and
developments globally, with a particular focus on the Middle East and Asia Pacific regions.
Topics related to the two main contract types—royalty, tax and contractual systems, with
their various forms, will be covered. In addition, some of the major service contracts (e.g.
Iraq) will be compared with the more traditional contracts. Terms that are common to most
contract types such as, work programme, measurement and valuation of hydrocarbons,
determination of OPEX, CAPEX, taxes in lieu, cost uplift, ring fencing, risk identification
and allocation, general obligations of the parties, contractual liabilities and indemnities,
and jurisdictional issues will be discussed. Comparative analysis between various forms of
contracts such as royalty, tax, PSCs, and service contracts will be presented and illustrated
through case studies. This analysis will try to show the dynamics of these contracts as far
as “Government Take” versus “Contractor Take”; as it is essential to see these contracts
from both sides of the equation. This session will explore worldwide petroleum contract
arrangements, developments, trends, lessons learnt, and will enable participants to compare
and benchmark various contract forms in different regions/countries; from both the IOC and
NOC perspective.
1500–1600 hours Panel Discussion and Q&A
1600–1630 hours Summary and Closing Remarks by Co-Chairperson
Workshop Venue
Amwaj Rotana Hotel
Jumeirah Beach Residence
P.O. Box 86834, Dubai, U.A.E.
T: +971.4.428.2000
F: +971.4.434.3666
Workshop Guidelines
Format
Three (3) days of informal discussions prompted
by selected keynote presentations and discussions.
Workshops maximise the exchange of ideas among
attendees and presenters through brief technical
presentations followed by extended Q&A periods.
Focused topics attract an informed audience eager to
discuss issues critical to advancing both technology
and best practices. The majority of the presentations
are in the form of case studies, highlighting engineering
achievements, and lessons learnt. In order to stimulate
frank discussion, no proceedings are published and the
press is not invited to attend.
Documentation
• Proceedings will not be published; therefore,
formal papers and handouts are not expected from
speakers.
• Work in progress, new ideas, and interesting projects
are sought.
• Professionally-prepared visual aids are not required;
however, PowerPoint presentations are most
commonly used.
• Note-taking by participants is encouraged.
Poster Session
The Steering Committee encourages registrations from
professionals who are able to prepare and present a
poster on a relevant project. For further details kindly
contact Rasha Badran at rbadran@spe.org.
Attendance
Registrations will be accepted on a first-come, first-serve
basis. The Steering Committee encourages attendance
from those who can contribute to the workshop most
effectively either in discussions or with posters. A mix of
attendees in terms of geographic origin, companies, and
disciplines will be encouraged.
Workshop Deliverables
• The Steering Committee will appoint a “scribe”
to record the discussions and to produce the full
workshop report for SPE.
• This report will be circulated to all attendees as the
workshop deliverable within 4–6 weeks following the
workshop. The copyright of the report is with SPE.
• PowerPoint presentation materials will be posted
on a specific SPE URL address after the workshop.
Provision of the materials by the speakers will signify
their permission for SPE to do so.
Commercialism
In keeping with ATW objectives and the SPE mission,
commercialism in posters or presentations will not be
permitted. Company logos must be limited to the title
slide and used only to indicate the affiliation of the
presenter and others involved in the work.
Attendance Certificate
All attendees will receive an attendance certificate
attesting to their participation in the workshop. This
certificate will be provided in exchange for a completed
Workshop Questionnaire.
Continuing Education Units
Attendees at this workshop qualify for SPE Continuing
Education Units (CEU) at the rate of 0.1 CEU per hour of
the workshop.
PLEASE USE INSIDE FORM FOR REGISTRATION

REGISTRATION FORM
Petroleum Economics: A New Era
4–6 March 2013 | Amwaj Rotana Hotel | Dubai, UAE
Important: Attendance is limited and is not guaranteed. Early registration is recommended. Please print or type in black ink.
Registration Fee MUST be paid in advance for attending the Applied Technology Workshop.
First Name/Forename__________________________________________________ Middle Name___________________________________________________
Last/Family Name_______________________________________________________________________________________ SPE Member? ❒ Yes ❒ No
Member No.__________________________________________ Job Title_____________________________________________________________________
Company/Organisation_______________________________________________________________________________________________________________
Street or P.O. Box Number_____________________________________________________________________ City___________________________________
State/Province___________________________________ Zip/Postal Code___________________________ Country___________________________________
Telephone____________________________________________ Facsimile
Email (required)____________________________________________________________________________________________________________________
Applied Technology Workshop
WORKSHOP
Fee: Before 18 January 2013 ❒ USD 1,150 for SPE Members ❒ USD 1,350 for Nonmembers
Do you wish to present a poster? (subject to selection) ❒ Yes ❒ No
Do you wish to be considered a Discussion Leader? (subject to selection) ❒ Yes ❒ No
If yes, please indicate which subject you would like to present on: _______________________________________________________________________
Credit Card (Check One): ❒ American Express ❒ MasterCard ❒ Visa
NO REFUNDS will be granted on cancellations on or after 25 February 2013.
After 18 January 2013 ❒ USD 1,850 for SPE Members ❒ USD 2,050 for Nonmembers
Applied Technology Workshop Fee includes: Technical sessions, materials, daily coffee breaks and luncheons, worskhop dinner (if applicable).
Accommodation is NOT included in the workshop registration fee.
IMPORTANT: All SPE Middle East rates are net of taxes. The fees in this form do not include any local or withholding taxes. All such taxes will be added
to the invoice.
Card Number (will be billed through Society of Petroleum Engineers) Expiration Date (mm/yy) Security Code
Name of Credit Card Holder (printed) _________________________________________________________________________________________________
Signature (required)___________________________________________________________________________ Date_______________________________
Please inform us of mobility or special dietary needs_____________________________________________________________________________________
Payment by Bank Transfer: IMPORTANT–For reference: Please quote “13AAMM” and name of delegate
Make Payment to: HSBC Bank Middle East Ltd, Jebel Ali Branch, P.O. Box 66, Dubai, UAE
Account Name: SPE Middle East DMCC Account Number: 036-217131-100 Swift Code: BBMEAEAD
IBAN: AE180200000036217131100
Cancellation and Refund Policy:
• A processing fee of USD 100 will be charged for cancellations received before the registration deadline 4 February 2013.
• For cancellations received after the registration deadline, 4 February 2013, 25% refund will be made to the registrant.
• No refund on cancellations received within seven (7) days prior to the workshop date, i.e. on or after 25 February 2013.
• No refund will be issued if a registrant fails to attend the workshop.
Not an SPE Member?
Join SPE when you register and
save money by paying the lower
member registration fee.
A portion of your dues is
allocated to a JPT subscription
and is not deductible or refundable.
Visa:
SPE Middle East, North Africa, and India will assist in providing a visa invitation letter, upon request in writing, to confirmed registrants after receiving full payment of registration fees.
Visa invitation letters take five days to issue from the date of request and it is the delegate’s responsibility to obtain their own visa. SPE cannot issue the visa nor can we guarantee it will
be obtained.
For questions or additional information contact: Rasha Badran at rbadran@spe.org.
13AAMM
To submit your registration online, please visit the event website at: www.spe.org/events/13aamm.
Alternatively, you can email this form to: formsdubai@spe.org, or fax it to: +971.4.457.3164.