BLACK SEAOIL & GAS

7th ANNUAL CONFERENCE

UNLOCKING THE POTENTIALOF THE BLACK SEA

23–24 ОCTOBER 2019BUCHAREST, ROMANIA

OFFICIAL SUPPORT

NEWEDITION

ABOUT

KEY TOPICS

Black Sea Oil & Gas is a major regional conference covering upstreamand infrastructure developments in Romania, Bulgaria, Ukraine, Georgia, and Turkey.

With new licensing rounds announced in Romania, Bulgaria, Ukraine,and Georgia; the Black Sea region opens to new international oil & gas companies interested in the market. What are the opportunities thatthe Black Sea region has to offer?

FISCAL AND REGULATORY CHANGES – IMPLICATIONS FOR THE INDUSTRY

INFRASTRUCTURE DEVELOPMENT INTHE BLACK SEA REGION

UPDATES ON OFFSHORE EXPLORATION AND DEVELOPMENT PROJECTS

LOOKING BEYOND PRODUCTION: MARKETS, TRADING, AND THE FUTURE

EMERGING MARKETS – RENEWED GROWTHOF THE BLACK SEA REGION

STRATEGIC VIEW: MAXIMIZING THE POTENTIAL OF BLACK SEA OIL AND GAS RESOURCES

BRAINSTORMING SESSION: STRATEGIES FOR SUCCESS

TECHNICAL CHALLENGESIN ONSHORE AND OFFSHORE

BLACK SEA OIL AND GAS2

ATTENDEE PROFILE

TECHNOLOGY/ SERVICE

OIL & GAS COMPANIES

CONSULTING PIPELINEOPERATORS

EPC / OILFIELD SERVICES DRILLING OTHER

LOGISTICS GAS TRADING

TESTIMONIALS

GARY INGRAMVice President Exploration& Appraisal

OMV

TIHOMIR TRIFONOVManaging Director

BON MARINE LOGISTICS

”This is an honest conference, focusing on relevant topics.”

”Frank and open discussions with professionals. Cosy atmosphere and excellent organisation. A rare chance to keep updated on what happens in the oil & gas sector in the region.”

MARK BEACOMCEO

BLACK SEA OIL & GAS

CHRISTIAN BASTEINProject Manager

DNV GL

”The conference is becoming the definitive conference for the Black Sea region. Good mix of E&P companies, contractors, TCIs & Government. Looking forward to next year.”

”A very good opportunity to meet relevant people within the oil and gas market in this region.”

27%

11% 6% 10%

20% 7% 4%

9% 6%

2019 3

SPEAKERS

Carmen-Magdalena OpreaPolicy Officer

EUROPEAN COMMISSION

Mark BeacomCEO

BLACK SEAOIL & GAS

Abigail RuppDeputy Chief of Mission

U.S. EMBASSYIN ROMANIA

Adrian VolintiruCEO

ROMGAZ

Ilya PonomarevFounder and CEO

TRIDENT ACQUISITIONS

Gabriel ComanescuCEO

GSP HOLDING

Johann RaunigPartner

MCKINSEY& COMPANY

Andrii ProkofievHead of Business Development

GAS TSO

Oana-Alexandra IjdeleaPartner

IJDELEA MIHAILESCU

Harald KraftGeneral Manager

AIK ENERGY

Spencer CocaCountry Manager

MAZARINE ENERGY

Gary IngramVice President,Exploration & Appraisal

OMV

BLACK SEA OIL AND GAS4

SPEAKERS

Norbert GroeschnerDirector Partnershipsand International Assets

OMV PETROM

Francis ChevalierExploration Black Sea,Senior Department Manager

OMV PETROM

Mark DavisRegional Director,Romania & Bulgaria

EBRD

Saniya MelnicencoPresident

ROPEPCA

Niculae HavriletAdvisor to the Minister

MINISTRYOF ENERGYOF ROMANIA

Andres JaramilloRegional Technical Advisor(ESSA Region)

HALLIBURTON

Gianpaolo Dalla VedovaBusiness Development Manager – South Europe Offshore

LLOYD’S REGISTER

Giorgi TatishviliHead of the Agency

STATE AGENCYOF OIL AND GASIN GEORGIA

Julian PopovFellow

EUROPEAN CLIMATE FOUNDATION

Bruno SiefkenSenior Vice President

GSP HOLDING

Zoltan NagyVice President

ANRE

Gokhan SorusSenior Business Specialist

PETFORM

2019 5

SPEAKERS

Mihai PetreDirector,Global Trade Advisory

EY

Iustinian CaptariuPartner

KINSTELLAR

Giorgi VashakmadzeThe Georgian Prime Minister’s Adviser for the East-WestEnergy Corridor

GOVERNMENTOF GEORGIA

Aura SabadusSenior Energy Journalist

ICIS

Gabrijel GrubacSenior Stimulation Engineer – Production Technology

OMV PETROM

Simon BeesonOperations Specialist Lead

SCHLUMBERGER

Gabriela StanciuGeneral Manager

BLUMENFIELD

Paolo NovelliTechnical SalesRegional Director

TENARIS

Alan CurrieSales Director – Offshore

CORINTH PIPEWORKS

Besnik LeskajCEO

ABKONS

Pavlin StoyanoffManaging Associate,Energy & Resources

DELOITTE LEGAL

Radu DudauCEO, Co-founder

ENERGY POLICY GROUP

BLACK SEA OIL AND GAS6

REGISTRATION AND WELCOME COFFEE8:00

AGENDA 23 OCTOBERDAY ONE

WELCOME SPEECH

COFFEE BREAK

9:00

10:45

STRATEGIC VIEW: UNDERSTANDINGTHE POTENTIAL OF BLACK SEA OILAND GAS RESOURCESBlack Sea oil and gas resources are of strategic importance for a number of stakeholders. What are the latest initiatives in the region?

• Opening keynote: Upstream sector overview - understanding global trends Johann Raunig, Partner, McKinsey & Company

• The EBRD strategy to strengthen the competitiveness Black Sea region economies and their regional and international integration

Mark Davis, Regional Director for Romania and Bulgaria, EBRD

• What is required by Romania to entice US companies to invest in the development of energy resources? A look at the prospects for American Companies in the Romanian energy sector

Abigail Rupp, Deputy Chief of Mission, U.S. EMBASSY IN ROMANI

• European Commission’s priority projects in the Black Sea region for energy security and diversification. How can oil & gas companies benefit?

Carmen-Magdalena Oprea, Policy Officer, European Commission

DEEP DIVE: BUILDING A RELIABLE INVESTMENT CLIMATE IN THE BLACK SEA COUNTRIESLarge scale investment projects in oil & gas exploration and development require mature regulation and a stable investment climate. How does the Black Sea region score on this?

Chairperson: Iustinian Captariu, Partner, Kinstellar

• Fiscal and regulatory framework of oil & gas producers in the Black Sea - overview of challenges and trends

Daniel Vlasceanu, Partner, Vlasceanu, Ene & Partners

• The problems facing onshore oil & gas sector in the absence of a stable and predictable fiscal framework

Saniya Melnicenco, President, ROPEPCA

9:10

11:30

2019 7

LUNCH13:00

UPDATES ON OFFSHORE EXPLORATION AND DEVELOPMENT PROJECTS. PLAYING FOR HIGH STAKESOffshore projects require significant investment in exploration, the use of advanced technologies in production, and complex infrastructure development. How are operators dealing with these challenges?

Chairperson: Oana-Alexandra Ijdelea, Partner, IJDELEA MIHAILESCU

• Updates on the Midia Gas Development Project and fiscal challenges of offshore producers in Romania

Mark Beacom, CEO, Black Sea Oil & Gas

• Updates on GSP projects in the Black Sea region - focus on North Marmara Natural Gas Storage Extension Project (Phase III) in Turkey

Gabriel Comanescu, CEO, GSP Holding

14:00

PANEL DISCUSSION: THE FINANCIAL INVESTMENT DECISION (FID) OF THE LARGEST OFFSHORE PROJECT IN THE REGION WAS POSTPONED.

• What are the key factors that contributed to the delay of the FID?• What are the key regulatory & fiscal, infrastructure requirements for FID?• Choosing a strategy: wait for issues to be resolved, or proceed and resolve them on the go? What is the right strategy in the Black Sea offshore context?• What can the government and industry learn from this?

Mark Beacom, CEO, Black Sea Oil & Gas Bruno Siefken, Senior Vice President, GSP Holding Gabriel Comanescu, CEO, GSP HOLDING Niculae Havrilet, Advisor to the Minister, Ministry of Energy of Romania Carmen-Magdalena Oprea, Policy Officer, EUROPEAN COMMISSION

14:40

PANEL DISCUSSION: HOW CAN WE DEVELOP A STABLE INVESTMENT CLIMATE TO ENCOURAGE OFFSHORE & ONSHORE RESOURCE DEVELOPMENT IN THE BLACK SEA REGION?

• Offshore and onshore gas development projects are competing for capital on a global scale. What are the competitive strengths and weaknesses of the Black Sea countries?• What are the current government policies aimed at protecting domestic consumer and how effective they are?• How is the government consulting with the industry? Is it effective?• How to encourage greater gas consumption (both Industry and Home consumption) as opposed to greater exports?• Comparing the investment climates of the Black Sea countries. Romania, Bulgaria, Ukraine, Georgia, Turkey: which country is setting the bar?

Adrian Volintiru, CEO, Romgaz Gary Ingram, Vice President, Exploration & Appraisal, OMV Daniel Vlasceanu, Partner, Vlasceanu, Ene & Partners Spencer Coca, Country Manager, Mazarine Energy Saniya Melnicenko, President, ROPEPCA Zoltan Nagy-Bege, Vice President, ANRE Harald Kraft, General Manager, AIK ENERGY

12:15

BLACK SEA OIL AND GAS8

NETWORKING BREAK & TECHNICAL DEMONSTRATION BY

Case studies on effective methods of pipeline maintenance with composite repair materials – ClockSpring|NRI

15:45

INFRASTRUCTURE DEVELOPMENT IN THE REGION: CONNECTING THE DOTSDeveloping an interconnected transportation system is key to bringing gas supply security to the region and ensuring a steady demand for producers. What is the current state of infrastructure projects in the Black Sea region?

Chairperson: Eugenia Gusilov, Director, ROMANIA ENERGY CENTER

• Current risks to the security of gas supply and Romania and the Southeast European Region

Radu Dudau, CEO, Co-founder, EPG - Energy Policy Group

• What will happen to the Russian transit to Black Sea countries once Ukraine’s transit contract with Russia ends this year? Will the Trans-Balkan pipeline offer a back-up route?

Andrii Prokofiev, Head of Business Development Division, Gas TSO

• Experience from the latest projects in the region and beyond - Midia Gas, Greece-Bulgaria Interconnection, Leviathan, Karish Alan Currie, Sales Director - Offshore, Corinth Pipeworks

• When will Turkmenistan gas reach Romania and what are the opportunities and implications for the region? Giorgi Vashakmadze, The Georgian Prime Minister’s Adviser for the East-West Energy Corridor, Government of Georgia

16:15

GALA DINNER & ROMANIANWINES TASTING EXPERIENCE

END OF DAY 1 AGENDA

GATHERING IN THE LOBBY OF THE HOTEL FOR TRANSFERTO LOUNGE 18

TRANSFER BACK TO THE HOTEL

19:00

18:00

18:30

22:002019 9

NETWORKING BREAK& TECHNICAL DEMONSTRATION BY

10:30

EMERGING MARKETS: THE RENEWED GROWTHOF THE BLACK SEA REGIONUnder-explored offshore and onshore fields in Ukraine, Georgia, and Turkey are attracting interest from foreign investors. What is the current state of play?

Chairperson: Norbert Groeschner, Director Partnerships and International Assets, OMV Petrom

• Ukraine – a new European E&P leader? Ilya Ponomarev, Founder & CEO, Trident Acquisitions

• Untapped world class hydrocarbon potential of central Georgia Giorgi Tatishvili, Head of the State Agency of Oil and Gas, Ministry of Energy of Georgia

• Turkey opening for new partnerships for oil & gas exploration in the Black Sea. Update on current plans and developments in the region Gökhan Sorus, Senior Business Specialist, Petform

PARALLEL SESSIONS: FACING THE TECHNICAL CHALLENGES IN OFFSHORE AND ONSHORE OPERATIONS THROUGH INNOVATION

OFFSHORE SESSIONChairperson: Gabrijel Grubac, Senior Stimulation Engineer - Production Technology, OMV Petrom

Initiating, guiding and supporting innovation and technical & rule development activity – createa value for the clientGianpaolo Dalla Vedova, South Europe Offshore Business Development Manager,Lloyd’s Register

TSH Blue Dock & Easy Dock: Premium weld on connector portfolio for conductors and surface casing in Offshore DevelopmentPaolo Novelli, Technical Sales Regional Director, Tenaris

Biodiversity monitoring - environmental consulting for safe operations of offshore oil & gas companiesGabriela Stanciu, General Manager, Blumenfield

ONSHORE SESSIONChairperson: Artur Stratan, Independent Consultant, Stratan Dan Artur

Investment Opportunities in Romania, The 11th Licensing Round for Exploration Blocks.Florina Sora, Senior Expert, NAMR

Asset Consulting Services - Identifying the ‘right maintenance’Simon Beeson, Operations Specialist Lead, Schlumberger

Expandable Liner Hangers – Improving Well Construction in the IndustryAndres Jaramillo, Regional Technical Advisor (ESSA Region), Halliburton

9:00

11:00

11:00

11:00

AGENDA 24 OCTOBERDAY TWO

BLACK SEA OIL AND GAS10

LUNCH12:30

13:30 BRAINSTORMING SESSION:STRATEGIES FOR SUCCESSConference attendees are divided into groups to brainstorm solutions to some ofthe challenges of the oil & gas industry in the Black Sea region. Each facilitator presentstheir group’s findings.

GROUP A: Resource nationalism, markets and exports. What is the right balance that can be struck between government intervention and the interest of multinational producers in monetising output?Aura Sabadus, Senior Energy Journalist, ICIS

GROUP B: Land management challenges facing international companies operating in SEE countriesRedi Basha, Partner, ABKONS

GROUP C: Embracing the digital transformation - how can we attract digital natives in the oil & gas sector? Sorin Elisei, Senior Manager, DELOITTE

GROUP D: Looking for growth in onshore exploration and production - identifying successful strategiesHarald Kraft, General Manager, AIK ENERGY

CONFERENCE CLOSE17:00

COFFEE BREAK15:00

15:30 LOOKING BEYOND PRODUCTION: MARKETS, TRADING, AND THE FUTUREHow are regional countries developing trading markets and what are they signalingto investors? What should oil & gas operators expect from the energy transition,and what are the opportunities that they can seize today?

Chairperson: Johann Raunig, Partner, McKinsey & Company

• Building functional trading markets in the Black Sea: towards a more globalized gas market

Mihai Petre, Director, Global Trade Advisory, Ernst & Young

• The rise of LNG and its impact on Black Sea investments: what local gas producers need to know about LNG market developments Aura Sabadus, Senior Energy Journalist, ICIS

• On the road to a clean energy transition: the role of gas in a clean energy system Julian Popov, Fellow, Eropean Climate Foundation

• CLOSING KEYNOTE: The key takeaways of the 7th annual Black Sea Oil & Gas conference Johann Raunig, Partner, MCKINSEY & COMPANY

2019 11

PARTNERS

Bronze Sponsors

Official Support Gala Dinner Sponsor Silver Sponsor

Exhibitors

Water Sponsor Networking PartnerCoffee Break Sponsor

Associate PartnersMarket Intelligence Partner

BLACK SEA OIL AND GAS12

REGISTRATION LATEOPTIONS REGISTRATION by 23rd October

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2019 13

GIVE AN AWE-INSPIRING PRESENTATION Do you know a better way to get your message across to the very target audience who are there to listen and learn? We don’t. The most memorable talks offer something fresh, something few people have heard before. Do you have something interesting to say?

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SHOWCASE YOUR TECHNOLOGY Better to see something once than to hear about it a thousand times. Demonstrate ins and outs of your technological solution to the audience on a dedicated stage in a networking area.

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