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Contains all the upcoming conferences and courses on Upstream, Downstream, Bunker Blending etc.
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2010
NATURAL GAS
DYNAMICS
PRODUCTION
SHARING CONTRACTS
& INTERNATIONAL
PETROLEUM FISCAL
SYSTEMS
UPSTREAM EVENTS
PROUDLY BROUGHT TO YOU BY:
Understand the Full Value Chain from Exploration to Commercialization & Global Trends
The 9th & 10th
NATURAL GASDYNAMICS
Organised by:
Media Sponsor:
COURSE DIRECTOR
Vivek ChandraINTERNATIONAL ENERGY EXECUTIVE & BEST SELLING PENNWELL AUTHOR OF“FUNDAMENTALS OF NATURAL GAS: AN INTERNATIONAL PERSPECTIVE”
Bangkok, Thailand | 22 – 23 September 2010 | The Landmark BangkokSingapore | 28 – 29 October 2010 | InterContinental Singapore
A Unique and Insightful Course For Gas Industry Professionals
KEY DRIVERS & TRENDS TO BE COVERED
lNatural Gas Components, Units, & ConversionslGas Formation, Reservoirs & ReserveslGas Exploration & ProductionlGas Processing & Transportation lCoal Seam MethanelThe LNG Chain: Upstream, Liquefaction Plant,
Shipping, and Regasification lGas Demand and Storage lGas Commercialization Options: Electricity
Generation, Gas-To-Liquids, Residential Gas Markets, Petrochemicals & Transport Fuel
lComparative Economics of LNG vs GTL lComponents of Pipeline Gas and LNG Sales Agreements lGas Pricing and Spot vs Long Term ContractslLNG Project StructureslGlobal Gas Trade (Pipeline & LNG):
Current Snapshot, Future Trends, and Key Players
SAVE US$200!If you register & pay within “Early Bird” dates or register a 2nd person. (See back page for details)
REGISTER ON OUR WEBSITE AT WWW.CCONNECTION.ORG
COURSE OBjECTIVESThis 2-day intensive course will give the delegates a solid understanding of the entire natural gas value chain, from its chemical composition, units, exploration and production through processing and transport, and analysis of its myriad uses from power generation, liquids production, transport fuel and petrochemicals.
ABOUT YOUR COURSE DIRECTORVivek Chandra is currently working as a senior executive with an Australian
energy company. He was previously working in the Middle East and his extensive 20+ years international gas experience includes ARCO International Oil & Gas Company, Schlumberger Overseas, and developing gas and other energy projects for UAE government entities, serving in a variety of technical, financial and commercial roles in the United States, South East Asia, Australia & Middle East. He has worked on LNG as well as gas pipeline export projects.
He has a Bachelor of Science degree in Geophysical Engineering from the Colorado School of Mines, a Masters of Science in Petroleum Energy Management and Policy from the University of Pennsylvania, and also has completed a graduate degree from the French Petroleum Institute in Petroleum Economics and Management.
Vivek Chandra is the author of Fundamentals of Natural Gas, a bestselling hardcover book published by Pennwell, publishers of Oil and Gas Journal and other leading industry books and manuals.
WHY YOU SHOULD ATTENDUpon completion of the course, delegates will be able to lUNDERSTAND the gas value chain and its growing share of the global
energy mixlLEARN how gas is formed, explored, produced, processed, transported
and consumed, with examples from all over the worldlCOMPREhEND the differences between confusing terminology and
units such as LNG, NGL, LPG, CNG, MMbtu, therms, MTA, Joules and other jargon
lCALCULATE between gas units and energy equivalents, as well as gas consumption rates of power plants, liquid production plants, and other consumers of natural gas
lGAiN a clear understanding of the various gas transportation and processing options, including pipelines and LNG
lDiSSECT a gas sales contract into its important components, including gas prices, indexing, delivery and receipt obligations and terms
lFORECAST trends in the global gas trade and know the key players, both present and future, who will drive the industry
WHAT ATTENDEES HAVE SAIDlIt’s not only the excellent course, but all attendees are experienced people. It
made me have more knowledge about the gas business in the world – PTT Thailand
lIt breaks down the industry into basic terms and easily ramps up to more complex aspects – King & Spalding LLP
lWide overview of whole gas industry. Quizes are great! – Crescent Petroleum
lAbility to simplify complexities – Shell International Gas & PowerlGreat presentation skills and ability to engage with the participants –
Chevron AustralialComprehensive knowledge, willing to discuss past, current & future trends –
BP AustralialIt is the one of the best experiences I’ve ever had. I have benefited a lot from
the 2 days – Keppel Offshore & Marine TechnologylThe instructor is very upbeat and up-to-date and the handouts very
comprehensive – Dana Gas
CERTIFICATE OF ATTENDANCEAll participants who successfully complete the full 2-day course, will be given a Certificate of Attendance.
HELD 8 TIMES SINCE APRIL 2008 IN DUBAI S PERTH S HOUSTON S SINGAPORE
WHO SHOULD ATTENDlOil & Gas Executives including Executive Directors, General Managers,
LNG Managers, Regional/Branch Managers, Operation Managers, Business Development Managers, Commercial Managers, Project Managers, Technical Managers & Asset Managers
lNatural Gas & Energy Traders, Marketers, and Contract NegotiatorslGovernment Officials & Industry RegulatorslFinance Directors/Financial ControllerslBusiness Analysts/Corporate Planners and Strategic ManagerslBusiness Support Managers and Management AssistantslPower & Petrochemical Industry Executives/Thermal Power Executives/
Energy ConsultantslRevenue Management OfficerslLawyers and In-house Legal Counsel/Legal Advisers/Consultants/Legal
& Contract ManagerslEngineers-Cost & Research/Laboratory ManagerslBanks and Financial Institution Executives including Associate Directors/
Corporate Finance Executives/Project Financiers and Economists
FULLYSOLD
COURSE METHODOLOGYThe course will include detailed discussions of Liquefied Natural Gas (LNG) and Gas to Liquids (GTL), as well as components of gas sales agreements, including pricing drivers and formulas. The course will also cover a discussion of global gas trade and future trends. Delegates will be encouraged to contribute to discussions, with their own experiences and questions. Videos and quizzes will also form part of discussion and provide delegates with the means to test their understanding of concepts learned.
STUDY AIDSAll delegates will receive:- l A workbook with 400 color slides covering all
course materials providing valuable reference materials covering all aspects of the gas industry
l A copy of Pennwell’s bestselling book, “Fundamentals of Natural Gas” providing valuable future reference material.
jOIN THE FOLLOWING COMpANIES WHO HAVE ATTENDED MULTIpLE VENUES OF THE NATURAL GAS DYNAMICS COURSE lBP – Perth 2008, Dubai 2008, Singapore 2009lChevron – Perth 2008, Singapore 2009 & Perth 2010lPetronas & Petronas Carigali, Perth 2008, Singapore – January, July &
November 2009lGovernment of Timor Leste – Singapore – January & November 2009lPertamina Indonesia – Perth 2008 & Singapore 2009lPTT Thailand – Dubai 2008 & Singapore 2009lCrescent Petroleum/Dana Gas – Dubai 2008 & Dubai 2009lKeppel – Singapore 2009 & Houston 2010
Other Companies Who Have Attended over the YearsANZ Bank • Ashoka Venture Partners • Asia Pacific Exploration • Baker Botts • BASF • BP Migas • CH Mutiara Petroleum • CLP Power • CR Intrinsic Investors • DLA Piper • Dolphin Energy • Eaglewood Energy • EGAS • Brunei Energy Division • Energy Policy Research Foundation • ExxonMobil • Geo Chem • Itochu • King & Spalding • Lavan Legal • Lime Rock Partners • Margham Dubai • Melrose Resources • Mitsubishi Corporation • Mitsui Oil Exploration • Nexus Energy • Nippon Oil Exploration • North West Shelf Shipping Services Co • Otto Energy • Qatargas • Santos • Saudi Aramco • Sembcorp Gas • Senoko Power • Shell International Gas & Power • Total E & P • TUV • Universiti Teknologi Petronas and others.
D A Y T W O
GAS USAGE, AGREEMENTS & TRADEX. GAS STORAGE & SWING • Gas demand cycles • Types and cost of gas storage
XI. GAS USAGE: ELECTRICITY GENERATION
• Comparative cost of power generation • Gas fired power generation • Calculation of gas consumption
XII. GAS USAGE: GAS-TO-LIQUIDS • GTL process • Case Study: Oryx GTL plant in Qatar • Quality of GTL fuels • Gas feedstock required for GTL • GTL vs LNG full chain economics
XIII. GAS USAGE: RESIDENTIAL GAS, PETROCHEMICALS & TRANSPORT FUELS
• Residential gas network • Gas as an important feedstock – - Chemicals - Fertilizers • CNG & LPG as transport fuel • Energy density of fuels
XIV. GAS SALES AGREEMENTS • Components of LNG and pipeline gas sales
agreements • Duration of sales contracts – spot versus long
term • Take-or-pay obligations • Gas pricing terms, indexation and historical
trends • Relationship between oil & gas prices
XV. GLOBAL GAS TRADE • Gas demand trends • Gas & LNG price trends • Energy mix in select countries • Growth in LNG and pipeline trade • LNG balance between Atlantic and Pacific
Basin • Coal seam methane to LNG projects • impact of spot LNG trade to global markets • Review of key LNG exporters • Review of key LNG importers • Role of LNG aggregators & emerging
exporters and importers
COURSE OUTLINE
Copyright © The Conference Connection Inc. The Organisers reserve the right to alter the content and timing of the program.
D A Y O N E
THE BASICSI. INTRODUCTION • What is natural gas? • Natural gas vs oil
II. CHEMISTRY OF NATURAL GAS • Components of natural gas: - Methane - Ethane, Propane, Butane, Condensate and other components • Terminology: NGL, LNG, LPG, CNG, Rich
Gas, Sour Gas, etc
III. NATURAL GAS UNITS • Converting gas volume units • Calorific values of gas components and products • Calculating energy equivalents
IV. GAS FORMATION & RESERVOIRS • Gas formation • Reservoir rock characteristics • Reservoir structure • Types of gas traps and gas fields • Producing gas liquids on surface
V. GAS RESERVES • Classifications • Global distribution of reserves • Gas reserves versus oil reserves
VI. GAS EXPLORATION & PRODUCTION
• Principles of geology & geophysics • Use of seismic and well logging in gas
exploration • Drilling cycle • Sub-sea production systems
VII. UNCONVENTIONAL GAS • Coal seam methane • Economics of Coal Seam Methane conversion
to LNG • Shale gas • impact of unconventional gas to global gas
supply
VIII. PROCESSING & TRANSPORTATION • Gas processing plants • The gas chain • Gas pipelines • Fluid dynamics • LNG vs pipeline economics
IX. THE LNG CHAIN • Upstream and midstream • Liquefaction plants • LNG Shipping • Regasification terminals • Chain economics
Registration on Day 1 is at 8.00am. Sessions start promptly at 9.00am and end at approximately 5.30pm on each day. Lunch will be served between 12.30pm and 2.00pm with mid-morning and mid-afternoon refreshments.
CHECK REGISTRATION pAGE FOR TEAM & EARLY BIRD DISCOUNTS!
CANCELLATION AND SUBSTITUTION pOLICY:• Cancellations notified in writing, received and acknowledged before the 1st cut off date, will be
levied an administrative fee of 5% for paid cancellations and 10% for unpaid cancellations.• Paid and unpaid cancellations notified between the 1st – 2nd cut off date, will be charged 50% of
the invoiced fee and given one set of course materials (post-event).
• No refunds whatsoever will be given after the 2nd cut off date but delegates can be substituted if the organizers receive prior notification (please note that 2 weeks notice of substitution is required for visa application/cancellation as the case may be).
• For registrations invoiced and unpaid but subsequently cancelled after the 2nd cut off date, 50% of the invoiced fee will be charged and one set of course materials will be provided (post-event).
*MAILThe Conference Connection Inc, PO Box 1736 Raffles City Post Office Singapore 911758Conference Connection Administrators Pte Ltd135 Middle Road #05-01 Bylands Building, Singapore 188975
)FAXSingapore (65) 6338-4090
(pHONESingapore (65) 6338-0064
:ON-LINEwww.cconnection.org
THIS CONTAINS YOUR UNIQUE REGISTRATION REFERENCEPLEASE DO NOT REMOVE MAILING LABEL
(For
mor
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eleg
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ase
phot
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Please print in block letters and return to: The Conference Connection Inc, PO Box 1736 Raffles City Post Office Singapore 911758 or FNGC Secretariat at 135 Middle Road #05-01 Bylands Building, Singapore 188975. Tel: (65) 6338-0064Fax: (65) 6338-4090 Email: [email protected] URL: www.cconnection.org
First Name (Mr, Dr, Ms)
Surname
Company
Job Title
Nationality
Address
Country Postal/Zip Code
Tel Fax
Name of Approving Manager (Mr, Dr, Ms)
Main Business Activity
5EASY WAYS TO REGISTER
DATES & VENUE:BANGKOK, THAILAND22 – 23 September 2010The Landmark Bangkok138 Sukhumvit Road, Bangkok 10110, ThailandTel: 662-2540404 Fax: 662-2524221
SINGAPORE28 – 29 October 2010InterContinental Singapore Hotel80 Middle Road Singapore 188966Tel: 65-63387600 Fax: 65-63387366
REGISTRATION FEES:Registration fees will include attendance at all sessions, daily luncheon and coffee breaks and one set of course documentation. Travel and accommodation costs are not included.
Full Fee: US$1995 per person
Team Fee: US$1795 per person for the second and subsequent delegate from the same company and billing address. To qualify for team fee, registrations have to be received at the same time.
Early Bird Fee: US$1795 per person
Bangkok Payment date: 23 July 2010Singapore Payment date: 28 August 2010(All discounts are mutually exclusive and on a per person basis)
HOTEL ACCOMMODATION:Delegates qualify for specially discounted rates at the host hotel. Please request for a hotel/visa form when registering. Delegates will be responsible for their own hotel and visa arrangements.
VISA AppLICATION & pROCEDURES:Visa application procedure for delegates will be sent with the hotel reservation form.
pAYMENTS:• All payments must be made in US Dollars by Inter-Bank Transfers within 14 days of receipt of invoice
(Bank details will be provided upon receipt of registration).• Please quote event name, invoice number and delegate name for bank transfers. Please instruct your
bank to remit the full amount, nett of bank charges.
REGISTRATION CONDITIONS:• All registrations must be on the prescribed form or in writing and will be on a confirmed basis unless
otherwise notified in writing. All paid registrations will receive written notification.• The organizers reserve the right not to accept prior and on-site registrations without payment. Delegates
whose payments are not received before the event are required to furnish proof of payment on-site. Staff at the event will request a credit card guarantee without proof of payment.
• The organizers reserve the right to impose conditions of entry for walk-in delegates.
DISCLAIMER: The organizers will not accept liability for non-approval of visas, individual transport delays and transport disruption, and in such circumstances, our normal cancellation rules will apply. Where matters beyond the reasonable control of the organizers impair or prevent the organizers from being able to perform their obligation under this event, the client releases the organizers from any liability, incidental or consequential, to such matters.
2nd Cancellation Cut Off Date (50% Refund plus
Workbook)
9 September 2010
14 October 2010
1st Cancellation Cut Off Date (Paid Registrations – 5% of fee & Unpaid
Registrations – 10% of fee)
2 September 2010
7 October 2010
Venue
Bangkok
Singapore
R E G I S T R AT I O N F O R M
ALL REGISTRATIONS MUST BE ACCOMpANIED BY pAYMENTYES! Please register me for Natural Gas Dynamics Course:oBANGKOK, 22 – 23 September 2010
oSINGAPORE, 28 – 29 October 2010
CC3170/CA275/10 WB
Please Tick (√) Accordingly
1. Registration Fees o Full Fee: US$1995 per person o Team Fee: US$1795 per person for 2nd and subsequent delegate from same company & billing address o Early Bird Fee: US$1795 per person Bangkok Payment date: 23 July 2010 Singapore Payment date: 28 August 20102. Payment o I am sending payment by telegraphic transfer/bank draft. o I will need an original invoice3. Accommodation o Please send me a hotel/visa form4. Mailing List o Please include me in your mailing list for future events
Payment must be received before course date.
The 9th & 10thNATURAL GAS DYNAMICS
Two Tier pricing available for Module i & Module ii & TeaM discounTs Too! see back page
International & Government Negotiators • Corporate/Strategic Planners • Policy/Economic/Financial Analysts • Legal Advisors & In-House Counsel • Commercial Managers • Loan Officers • Finance Directors & Managers • Accountants & Financial Controllers • Tax & Finance Advisors • Production & Reservoir Managers • Business & Accounting Analysts • Project Economics Managers • Compliance Officers • Operations Managers • Geophycisists • Geologists • VP/GM Exploration • Senior Petroleum Engineers • Petroleum & Mining Economists • National Oil Company Management • Business Development Managers • Senior Advisors •
a “MusT aTTend” for:
recenT accolades for The psc course include:“This course covers almost all the available fiscal systems in the markets”“Balanced perspectives from both Government & Oil Company Positions”
“Experience and competence of instructor adds great depth & completion to the course”
“Ability to treat a difficult and complicated subject with clarity”“Detailed, well-organised, well structured and informative!”
PSC Module II7-8 october 2010(Singapore only)
(1½ days)Back by popular demand only for PSC Singapore Venue – An additional 4th/5th day wil l cover Computer-Based Econo-mic Modeling & Risk Analysis. See agenda page for details!
aTTend The world’s besT selling course held in over 32 ciTies worldwide To criTical acclaiM!
Organised by:
Media Sponsor:
PSC Module I:4-6 october 2010
Singapore11-13 october 2010
dubai, uAe10-12 November 2010Amsterdam, Holland6-8 december 2010
Houston, uSA(3 days)
Update yourself on current PSC developments through a wide variety of economic, geological and fiscal scenarios that exist worldwide. A valuable examination of analytical and state-of-the-art techniques in fiscal system analysis and design. Extensive Course documentation – Over 500 Pages!
• singapore, 4-8 october 2010, raffles hotel • • dubai, 11-13 october 2010, grand Millennium dubai •
• amsterdam, 10-12 november 2010, Mercure amsterdam aan de amstel • • houston, 6-8 december 2010, intercontinental houston •
course direcTors:
At l eas t one ins t ructor per venue
DANIEL JOHNSTONDAVID JOHNSTON
producTionsharing
conTracTsinTernaTional
peTroleuMfiscal sYsTeMs
andcourses
PSC 4½-day Module being held again in SingaPore, by PoPular deMand
Register at WWW.CCONNECTION.ORG or Email [email protected]
• Whysomanydefinitionsofwhatconstitutes“ResourceRent”?
• WhyistheoldIndonesian85/15%splitsofamousthoughmostpeopleknowitisn’treallyan85/15%split?What’sthetruesplit?Doothercountrieshaveasimilarstatistic?Arestatisticsappropriate?
When?Where?How?Why?
• Whatarethe4mainmeansbywhichGovernmentsgetapieceofthepie?Howdotheycompare?
• What is the difference between Equity Split, After-TaxEquity-Split, Government Take,GovernmentMarginalTake,NetNet,TaxTake,FinancialTakeandStateTake?
ThemoderndayPSChasevolvedintoacomplexcontractualdocumentgoverningrisksandrewardsinherentinoilexploration.Withglobalisation,megamergers,volatilepricesandchanginggeopoliticalscenarios,itisvitaltounderstandnotonlythechangingterminologyandsemanticsofthePSCbutalsohowfiscalsystemshaveevolved,theireconomicandfinancialimpact.A must for all senior managers in new ventures, exploration, corporate planning, geology as well as petroleum negotiators, oil company legal counsel, advisers, geologists and engineers.
The course provides youwith critical information to create the right commercial framework for successful PSCnegotiations.
WHAT YOU WILL LEARN:
PSC MOdulE I: (3 days)4-6 OCTOBER 2010, SINGAPORE • 11-13 OCTOBER 2010, duBAI, uAE
10-12 NOvEMBER 2010, AMSTERdAM, hOllANd • 6-8 dECEMBER 2010, hOuSTON, uSA
a Valuable eXaMinaTion oF analyTiCal & STaTe-oF-The-arT TeChniQueS in FiSCal SySTeMS
• The20%royaltyinColumbia(pre-2000)soundshigh.Isit?Howhighisit?Whatistypical?Whataretheranges?Whatconstitutestherealmofthecruelandunusualforsuchthingsas:
*royalties *government risk Free Carry “back-ins” *ringfencing *division of Profits (“Take”) *bonuses *effective royalty rates *abandonment *Cost recovery limits and depreciation *Crypto Taxes *Work Commitments *incentives *base Production vs incremental Production *goldplating *Maximum efficient (Production) rate *entitlement *relinquishment
• What are the biggest concerns of National OilCompanies?
Exercises will include:(1) Cash Flow Audit Exercisewhichwillprovideinsight
intotheinnerworkingsofabasiceconomicmodelforexplorationorforfielddevelopmentfeasibilitystudies.
(2) Value of a Discovery Exercise–dependingoncosts,pricesandfiscaltermsadiscoverycanholdarangeofvalues.Thisexercisewillbringthistolife.
(3) Value of Reserves in-the-ground Exercise – thisimportantexercisewillshowthediversityofvaluesthatexistforreservesand/or“rightstoextract”.
(4) Dynamics of the Savings Index – this importantexercisewillshowhowwecanquantifytheincentiveforacompanytokeepcostsdownandthemagnificationofthisincentivewhentimevalueofmoneyisconsidered.
(5) Government Participation Analysis – this is thesource of toomuch controversy in the industry, thisexercisewillputthistorest.
(6) Rate-of-Return Systems – do they really create aincentiveto“goldplate”?Onewaytofindout.
ForthePSCSingaporevenueonly,anadditionalsessiononthe4th/5thdayofthecoursewillfeaturepracticalcomputer-basedbasicsofpetroleumriskanalysisanddecisiontheory,progressingtothefinerpointsofeconomicmodelingintheinternationalarena.
v Systems with “R factors”.v Rate-of-Return (ROR) based systems.
v Production Sharing Agreements, as well asv Royalty/Tax systems and Service Agreements.
A WORkINg kNOWLEdgE Of ExcEL IS A REqUIREmENT fOR PARTIcIPANTS ATTENdINg THIS 4TH/5TH dAY SESSION fOR mOdULE II.
dELEgATES WILL bE REqUIREd TO bRINg THEIR OWN LAPTOP.
A Flash Drive & additional Workbook will be provided as part of the 4th/5th day curriculum.
TheFlashDrivewillcontainspreadsheetmodulesforperformingcashflowanalysisformostofthemainstreamtypesoffiscalsystemincluding:
PSC MOdulE II: (1½ days)7-8 OCTOBER 2010 (Singapore Only)
C O
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• Auc
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• Ba
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• Bali
• Bo
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• Br
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• Cair
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• Ca
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Duba
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angk
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Perth
• Ph
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• Por
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• Pra
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ScHEdULE: Registration on day 1 at 8:00am. Sessions start promptly at 9:00am and end at approximately 5:30pm. Lunch will be between 12:30pm and 2:00pm with mid morning and mid afternoon refreshments.
Sessions on the 5th day will end at 1.00pm. Lunch will not be served.
producTion sharing conTracTs andinTernaTional peTroleuM fiscal sYsTeMs
• IntroductiontoPetroleumEconomicsandAnalysis
• CashFlowModelingandAnalysis
• ExpectedValueTheory
• ExplorationThresholdFieldSizeAnalysis
• DevelopmentThresholdFieldSizeAnalysis
PSC MOdulE II: (1½ days)
7-8 OCTOBER 2010 (Singapore Only)
ExERCISES WIll INCludE:•CashFlowAuditExercise•ValueofaDiscoveryExercise•Valueofreservesin-the-groundExercise•DynamicsoftheSavingsIndex•GovernmentParticipationAnalysis•Rate-of-returnsystems
dELEgATES WILL bE
REqUIREd TO bRINg
THEIR OWN LAPTOP.
dELEgATES WILL bE
REqUIREd TO bRINg
A cALcULATOR.
Copyright ® 2009 The Conference Connection Inc. The organisers reserve the right to alter the content and timing of the programme.
Theory of economic renT• StartingwithDavidRicardoandAdamSmith• Efficiencyvs.Flexibility• Acreageisacommodity
TaxaTion Theory relaTed To The PeTroleum indusTry• Bonusesvs.RoyaltiesvsProfitbasedlevies,thedifferences
andimplications
calculaTing conTracTor Take: The common denominaTor• Aquick-looktechniqueandthelonghand• Commercialterms:Workcommitmentsvs.fiscalterms
negoTiaTion of commercial Terms: key asPecTs• Familiesofsystems–TheissueofownershipGovernment
TakevsStateTakevsTaxTake• “Booking”Reserves
concessionary (royalTy / Tax) sysTems• BasicElements• Arithmeticstep-by-stepcalculations• VariationsontheConcessionaryTheme
ProducTion sharing conTracTs• Basicelements• PSCArithmeticstep-by-stepcalculations• Costrecoveryvs.deductions:Whatisthedifference?• Numerousexamples–EgyptiantypePSC’svsPeruviantype
PSC’svsIndonesiatypePSC’s
VariaTions on The Psc Theme• Understandingthenuancesandwhytheyevolved• Trade-offbetweencostrecoverylimits,commerciality
clausesandroyalties• WhysomeviewtheFTPasaRoyaltyandothersviewitasa
costrecoverylimit• Uplifts,InvestmentCredits,InterestCostRecovery
risk serVice conTracTs• RSCs.HowdotheycomparetoPSCs?• HowdotheycomparetoR/Ts• TheKuwaitOSA• TheIranian“Buy-Backs”
raTe of reTurn conTracTs• Whatdo“R”factorsandRORcontractshaveincommon? –PapuaNewGuineatoEquatoriaGuinea• Progressivevs.Regressivesystems –Evenprogressiveroyaltiesareregressive!Why?• Slidingscales(variations)worldwide
JoinT VenTures• WhataretheseFSUDealslike?Why?
Technical assisTance / eor Pscs • Whatarethekeyfeatures?• Whyarethetermssotough?• TypicalstructuresofEORdeals
Threshold field size analysis• Technicalvs.Commercialsuccess• ExplorationvsDevelopmentthresholds–Whyisgasso
different?
The global markeT for exPloraTion acreage• Trendsinfiscalsystemdesign• Reasonabletermsvs.geologicalpotential• Comparingfiscalsystems• Politicalrisk–Canitbequantified?• AllocationStrategiesandtactics• WeaknessesoftheGovernmentTakeStatistics• CryptoTaxes
WorldWide fiscal sysTems• Howthevariouscountriessystemscompare• Keyanalyticalcomparisontechniques –ContractorandGovernmentTake –NatureandTimingofGovernmentTake –Directandindirectlimitsoncostrecovery –Percentageofgrossrevenuesavailableforcostrecovery –Comparisonofincentives –WorldwideRegimes
ProducTion sharing conTracT ouTline• Contractlanguageforthebasicelementsandkeyterms• Keyaspectsofnegotiations(problemareasandpitfalls)
PSC MOdulE I: (3 days)
4-6 OCTOBER 2010, SINGAPORE • 11-13 OCTOBER 2010, duBAI, uAE10-12 NOvEMBER 2010, AMSTERdAM, hOllANd • 6-8 dECEMBER 2010, hOuSTON, uSA
producTion sharing conTracTs andinTernaTional peTroleuM fiscal sYsTeMs
David Johnston, isaDirectorwithDanielJohnston&Co.,workingwithGovernmentsandoilcompaniesonupstreamexploration,development,EnhancedOilRecovery,andmarginal field development contractsworldwide.Hiswork includes contract design,economic/financialanalysis,negotiations,andexpertwitnesswork.Davidteachescoursesin“Economic modeling and Risk Analysis”,and“International Petroleum fiscal System Analysis and design”attheUniversityofDundeeandhaspublishedtwobooksthrough theUniversity, “Economic modeling and Risk Analysis Handbook”, and“maximum Efficient Production Rate”.Hehasalsopublished“Introduction to Oil company financial Analysis”(2006)a‘bestseller’withPennWellBooks,andhaswrittenanumberofarticlesonthesubjectsofenergyandtechnology.
He holds a Bachelor of Science degree in Electrical Engineering from the University of Rochester,Rochester,NewYork.
Daniel Johnston, President&FounderofDanielJohnston&Co.,isanindependentfinancialconsultanttotheinternationalpetroleumindustry.Forthepast25yearshehasworkedin44countriesworkingwithbothInternationalOilCompanies(IOCs)andNationalOilCompanies(NOCs)oncontractanalysisanddesign,negotiations,disputes,andrenegotiations.
HehasaBachelorofScienceDegreeinGeologyfromNorthernArizonaUniversityandanM.B.A.(Finance)fromtheUniversityofTexasatAustin.DanielfoundedDanielJohnston&Co.,Inc.in1985.HewritesacolumnforthePetroleumAccountingandFinancialManagement
Journal(InstituteofPetroleumAccounting–UniversityofNorthTexas)andisauthorofanumberofbooksincluding:International Petroleum fiscal Systems and Production Sharing contractsPennWellBooks(1994)Economic modeling and Risk Analysis HandbookUniversityofDundee(2002)maximum Efficient Production RateUniversityofDundee(2002)International Exploration Economics, Risk and contract Analysis PennWellBooks(2003).Introduction to Oil company financial AnalysisPennWellBooks(2006).
your CourSe direCTorS
TheProduction Sharing Contracts and International Petroleum Fiscal Systems Course,wasfirstlaunchedintheearly1990’s,asatwo-daycourseonRiskAnalysis.Nearlytwodecadeslater,ithasmorphedintoafive-dayexposeencompassingmorethanfortyfivevariationsofthePSC,RiskServiceContracts,OSA’s,PetroleumConcessionAgreementsandotherpermutations.
Havingbeenheldinthirtytwocitiesacrosstheglobe,withDubai, Singapore and Houstonasanchorcoursevenuesannually, ithasconsistentlyretaineditsstatusandrenownastheworld’sbest-sellingandthemostauthoritativecourseonthesubject.
Participants attending the Production Sharing Contracts course in Singapore.
•AbuDhabi•Auckland•Bahamas•Bahrain•Bali•Brunei•Bangkok•BuenosAires•Calgary•Cairo• Cape Town • Duba i • Doha • Hous ton• I s t a n b u l • J a k a r t a • K u a l a L ump u r• Kuwait • Langkawi Island • Lisbon • London•Melbourne •Moscow •Muscat •Mumbai •Nice• NewDelhi • Paris • Perth • Phuket • Prague•Qatar•Rome•Singapore•Trinidad&Tobago•
ProduCTion Sharing ConTraCTS and inTernaTional PeTroleuM FiSCal SySTeMS
A GlOBAl COuRSE FOR GlOBAl ExPlORATION ACREAGE
PAST vENuES OF ThE PROduCTION ShARING CONTRACTS COuRSE
Register at WWW.CCONNECTION.ORG/PSChOME.hTM
RAvE REvIEWS BY PAST ATTENdEES
PSC MODULE I (3 Days): 4-6 October 2010, Singapore11-13 October 2010, dubai, UAE10-12 November 2010, Amsterdam, Holland6-8 december 2010, Houston, USA
1.A workbook (420+ pages) with nearly 30 exerciseswithnumerousproblemsthatteachthepracticalapplicationof petroleum fiscal systemanalysis.Over 200pagesofadditional information and one-page summaries of thecommercialtermsforanadditional14countriesnotfoundinthebook.Answerstotheproblemsandexercisesarealsoprovided.
2.A free copy of the PennWell book on “InternationalPetroleum Fiscal Systems and Production SharingContracts”byDanielJohnstonwillalsobeprovidedaspartofthecoursematerials.
3.delegates must bring a calculator. This3-dayworkshopisdesignedtomaximiseinteractionand participation of all participants. Participants areencouragedtojoindiscussionsandaskquestionstoensureathoroughunderstandingofthematerialpresented.
PSC MODULE II (1½ days): 7-8 October 2010 (Singapore Only)
1.An additional workbookcoveringtheComputer-basedexerciseswill be handedout to participants signing upfor the 4th/5thday session (details of spreadsheet andexercisesonPage2ofthisbrochure)
2.A flash drive including spreadsheet modules forperformingcashflowanalysisformostofthemainstreamtypesoffiscalsystemwillalsobeincludedaspartofthecoursematerialsforthe4th/5thdaysession.
3.delegates must bring a laptop for the 4th/5th daycomputer-basedexercisesession.Ifyouwouldlikealaptoptobearranged foryou,separaterental feeswillapply–ContactThePSCSecretariatfordetails.
Email [email protected] for information & registration or visit our website at www.cconnection.org/PSCHome/htm
AbOUT THE ORgANISERS
CONFERENCE CONNECTION isdedicated to the provision of globalbusiness information through high-profi le, premier & scetor-focusedbusinessevents,including:internationalconferences, corporate events, and
symposia,fortheoil,gas&energyindutriesandotherbusinesssectors internationally.Dedicated toprovidingan independentplatform for interactionanddiscussion for the latestbusiness& industry strategies, it strives to combine excellence andprofessionalism through linkage with inter-governmental,professionalandindustrygroupsworldwide.
STudY AIdS: ExTENSIvE dOCuMENTATION ANd
RESEARCh MATERIAlS
“Presents direct application to current issues”
“extensive knowledge on subject matter & history of the industry”
“Clarity & simplicity in addressing core concepts”
“Ability to treat a difficult and complicated subject in an interesting and eloquent way”
“excellent Course, good broad based/well researched and organised.”
“Good course materials and clear visual aids”
“Solid job on a complex subject”
“Clear & precise, very knowledgeable”
“This course covers almost all of the available fiscal systems in the markets”
“detailed, well-organised, well structured and informative!”
“He appears to have an encyclopeadic knowledge of the subject.”
“He would be hard to ever beat. He was enjoyable, entertaining, and kept the interest level high for 3
days”
“100% relevant to those involved in the petroleum industry”
“This is the second time I have attended the course. I learned a lot the first time and gained more
knowledge on this occasion. NoT a waste of time.”
“one of the best courses I have taken – good materials, good presentation”
“excellent starting point for a study of the field”
“explains very clearly and in addition, gives us many examples & graphs to ensure we understand every
subject and allows for open discussion”
“A good collection/coverage of the contents and pillars of fiscal systems”
“excellent learning and development experience”
“excellent organisation of material, engaging information”
“Strong illustrations and good exercises”
CERTIFICATE OF ATTENDANCEAll participants who successfully complete
the PSC course will be given a Certificate of Attendance.
All REGISTRATIONS MuST BE ACCOMPANIEd BY PAYMENT
CC 3171/3172/3173/3174 WB
Yes! Please register me for the PSC course in:
dubai, UAE,11-13October2010 Amsterdam, Holland,10-12November2010 Houston, USA,6-8December2010 Singapore Module1:4-6October2010(3days) Module1+2:4-8October2010(4½days)
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1. Registration fees – module 1 (3 days)
Singapore,4-6October2010 Dubai,UAE,11-13October2010 Amsterdam,Holland,10-12November2010 Houston,USA,6-8December2010 ❍ FullFee:US$2990 ❍ TeamFee:US$2690
2. Registration fees – module 1 + 2 (4½ days)
Singapore,4-8October2010 ❍ FullFee:US$4500 ❍ TeamFee:US$4050
3. Payment
Iamsendingpaymentbytelegraphictransfer.Pleasesendfulldetails. Iwillneedanoriginalinvoice.
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5. In-house Training
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Please complete and return to: PO Box 1736 Raffles City, Singapore 911758. Tel: (65) 6338-0064, Fax: (65) 6338-4090, Email: [email protected]
THIS CONTAINS YOUR UNIQUE REGISTRATION REFERENCEPLEASE DO NOT REMOVE MAILING LABEL
Singapore, 4-8 October 2010RafflesHotel,1BeachRoad,Singapore189673Tel:+6563371886,Fax:+6563397650
dubai, 11-13 October 2010GrandMillenniumDubaiPOBox212422Dubai,UAETel:+9714-4299999,Fax:+9714-3743777
Amsterdam, 10-12 October 2010MercureAmsterdamaandeAmstel,JoanMuyskenweg10,NL-1096CJAmsterdam,HollandTel:+31-20-7179504,Fax:+31-20-6948735
houston, 6-8 december 2010InterContinentalHouston,2222WestLoopSouth,HoustonTX77027Tel:+17138502828,Fax:+17139610545
Enquiries & Registrations to:PSC Secretariat at 135 Middle Road #05-01S ingapore 188975 Te l : (65 ) 6338-0064Fax: (65) 6338-4090 Email: [email protected]:www.cconnection.org
Registration Conditions:1.All registrationsmust be on theprescribed form
and/orinwriting.2.Theorganisersreservetherightnottoacceptprior
andon-siteregistrationswithoutpayment.3.Delegateswhosepaymentsarenotreceivedbefore
theevent,arerequiredtofurnishproofofpaymenton-site.
PleaSe PhOtOcOPy fOr additiOnal delegateS.
4.Staffattheeventwillrequestacreditcardguaranteewithoutproofofpayment.
5.The organizers reserve the right to imposeconditionsofentryforwalkindelegates.
COuRSE FEES:Includes attendance at seminar sessions, dailyluncheons&coffeebreaksandcoursedocumentation(Workbook + Pennwell book on “InternationalPetroleumFiscal Systems andProductionSharingContractsbyDanielJohnston)
PSC Module I: (3 days only)4-6October2010,Singapore11-13October2010,Dubai,UAE10-12November2010,Amsterdam,Holland6-8December2010,Houston,USAFullFee : US$2990perpersonTeamFee : US$2690 per person for the 2nd &
subsequent delegate from the samecompanyandbillingaddress
PSC Module I+II: (4½ days)4-8October2010,SingaporeFullFee : US$4500perperson(includesadditional
Workbook&FlashDrive)TeamFee : US$4050 per person for the 2nd &
subsequent delegate from the samecompanyandbillingaddress
Payments:• AllpaymentsmustbeinUSDollarsbyInter-Banktransferswithinfourteendaysofreceiptofinvoice.(Bankdetailswillbeprovideduponreceiptofregistration.)
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* MAIL The Conference Connection Inc.P O Box 1736 Raffles City, Singapore 911758
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PROduCTION ShARING CONTRACTSREGISTRATION FORM
Cancellations, Substitutions:• Cancellations notified in writing, received before
the FIRST CUTOFF DATE, will be levied anadministrativefeeof5%forpaidcancellationsand10%forunpaidcancellations.
Venue 1stCancellation 2ndCancellation CutOffDate CutOffDate(50% RefundplusWorkbook)
Singapore 13September2010 20September2010
Dubai 20September2010 27September2010
Amsterdam 20October2010 27October2010
Houston 15November2010 22November2010
• Paidcancellationsnotifiedbetween the FIRST andSECOND CUT OFF DATEwill begivena50%refundandasetofthepresentationmaterials.
• No refund for paid cancellations received after the SECOND CUT OFF DATE but delegatescanbesubstituted if theorganizers receivepriornotification.
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hotel Accommodation:Delegateswill be responsible for their ownhoteland visaarrangements.Special rateshavebeensecured at the respective venue hotels for allconfirmed delegates. Please request for a hotelreservationform.
courses
2010
PACIFIC PETROLEUM INSIDERS
CRUDE OIL & CONDENSATE
VALUE & TRADE
ASIAN BITUMEN CONFERENCE
2010
REFINING ECONOMICS
OIL PRODUCTS & DOWNSTREAM EVENTS
PROUDLY BROUGHT TO YOU BY:
To obtain further information please contact us at: [email protected]
Briefing
The Twentieth Pacific Petroleum Insiders (PPI 2010) IN-DEPTH ANALYSIS AND INSIGHTS FOR THE MARKETS
October 7-8, 2010 The Raffles Hotel Singapore
A long-running annual briefing, trusted by senior management and corporate planners responsible for business development and strategic direction seeking an insightful vision of the Asia Pacific downstream market.
The Asia Pacific region is still key to the global downstream industry. While it was not immune to the global financial crisis in 2009, the region still provides select opportunities for growth. The future of the industry with market deregulation, liberalization, globalization, expansion, downsizing, and integration, in the face of financial crisis, investment downturn, volatile prices, and lower refining margins create not only challenges but opportunities for those with keen insights and vision. Entering 2010, with the economy rebounding, the region is set for a profound growth worthy of closer inspection. The Pacific Petroleum Insiders (PPI) briefing has in the last 19 years, become the most authoritative assessment of the down-stream oil market in the Asia Pacific. In addition to providing analysis of key industry developments on an annual basis, it has also given Insiders rare insights into the Decision Makers, who attend this event on a yearly basis and use many of the key indicators examined to structure and re-align their operations, business models, and strategies. Combined with the technical and market knowledge of the faculty, PPI will provide an insightful approach to decision making on competitive and strategic levels, in addi-tion to updates and new data on the global energy scene.
Briefing Leaders include: An executive briefing for:
• Dr Fereidun Fesharaki Chairman of FACTS Global Energy, USA
• Dr Kang Wu
Senior Advisor, FACTS Global Energy, USA
• Mr. Mark Lewis Managing Director of FACTS Global Energy, London
• Corporate & Strategic Planning & Government Relations
• Marketing & Business Development Research • Economics & Market Analysis Negotiation & Investments Projects • Operations & Resources Trading • Shipping & Chartering Crude • Fuel & Petrochemicals Investment Strategy
• The World Oil and Energy Market – Focus on Critical Drivers • Global Crude Oil and Condensate Supply Outlook: Investment Downturn • Asian Product Demand, Refining, & Balances – Risks and Opportunities • The US and European Refining Markets – Adjusting to
the New Order • Japan: Demand Contraction and Refining Closures
• China: Opportunities and Hype • India: Market Reforms, Challenges, and Opportunities • Middle East Demand, Refining, and Balances Outlook • Dramatic Shift in Product Trade: Market Implications • Implications for Global Refining, Prices, and Margins.
Key Features
Agenda and Schedule Registration will take place at 8am on October 7-8, 2010 with the briefing starting at 9am and concluding at 5.30pm on Day One and on Day Two. Cocktails will be held at the close of Day One to 8pm.
Day 1 Thursday, October 7, 2010 09:00-11:00 Session 1: The World Oil and Energy Market – Focus on Critical Drivers
• State of the market in 2010: Critical near-term market forces, what is driving prices, where are they headed?
• What are the implications of the re-emergence of surplus capacity through the value chain?
• The interplay between the oil and gas markets—Are prices diverging or converging?
• Will we reach a crude production ceiling? Who will be the winners, the losers? How should you position yourself?
• How will prices move in the longer term, what will set the cap and floor?
• The changing structural relationships within the industry: IOCs/NOCs/Global Market, especially East vs. West? 11:00-11:15 Coffee Break
11:15-12:30 Session 2: Global Crude Oil and Condensate Supply Outlook - Investment Downturn • What is the global outlook for upstream investments in an environment of high prices but surplus capacity?
• Production and export outlook for Atlantic Basin, Asia, Middle East, Russia and Central Asia.
• Condensates/NGLs.
• Growth of high-TAN crudes and their implications.
• Looming crude/refining mismatch: what are the market implications? 12:30-14:00 Lunch
14:00-15:30 Session 3: Asian Product Demand, Refining, and Balances – Risks and Opportunities
• Asian product demand: When will robust growth return after the recent downturn?
• Detailed analysis of new refinery construction plans and potential wave of rationalization in the Asia Pacific.
• Asian petrochemicals: What are the implications for naphtha markets?
• Changing product specifications and grade-wise trade outlook.
• Asia Pacific product balances. 15:30-15:45 Coffee Break 15:45-17:30 Session 4: The US and European Refining Markets – Adjusting to the New Order
• Why is the US/European industry so vulnerable to the global capacity surplus?
• What will be the likely level and nature of capacity closures?
• What are the opportunities and threats associated with greater product imports from the East?
• Product specification changes and the product balances. 18:00-20:00 PPI Happy Hour at the Bar & Billiards Room Day 2 Friday, October 8, 2010
09:00-09:30 Session 5: Update on Japan’s Oil Sector: Demand Contraction and Refining Capacity Closures • Demand Outlook.
• Refining Capacity Reductions.
• Outlook for Japan’s refinery business.
09:30-11:00 Session 6: China’s Downstream Oil and Sector and Markets – Opportunities and Hype
• Energy and the economy: Is China’s economy overheating? Implications of oil price reform.
• Upstream developments, rapidly rising crude imports refining build-up and uncertainties of China’s oil demand.
• Rapidly rising crude imports: Where will they come from? Latest developments of SPRs.
• Implications of China’s overseas investments in the up and downstream.
• China’s changing petroleum product balances and its impact on Asia: A wild card.
• Impact of rising natural gas use and LNG imports on oil demand.
• China’s rapid expansion of the petrochemical sector: can it be sustained?
11:00-11:15 Coffee Break 11:15-12:30 Session 7: India’s Downstream Oil Sector and Markets: Challenges, Opportunities and Reforms
• Indian economy: Five year plans and the impact of the withdrawal of the Stimulus Package.
• Oil product demand: The role that gas has played in inter-fuel substitution.
• India’s move towards cleaner fuels: all the hype and a discussion on India’s refinery plans.
• Future refinery utilization rates— Impact of the budget on duty protection and refining margins.
• India’s emergence as an export refinery hub – Infrastructure, profitability of exports and Reliance’s strategy.
• India’s crude imports – A changing slate.
• Fuel retailing in India – time for change?
• India’s upstream sector: increasing investment in gas.
• An update on India’s SPR.
• The path ahead for unconventional fuels in India.
To obtain further information please contact us at: [email protected]
Agenda and Schedule Registration will take place at 8am on October 7-8, 2010 with the briefing starting at 9am and concluding at 5.30pm on Day One and on Day Two. Cocktails will be held at the close of Day One to 8pm.
Day 1 Thursday, October 7, 2010 09:00-11:00 Session 1: The World Oil and Energy Market – Focus on Critical Drivers
• State of the market in 2010: Critical near-term market forces, what is driving prices, where are they headed?
• What are the implications of the re-emergence of surplus capacity through the value chain?
• The interplay between the oil and gas markets—Are prices diverging or converging?
• Will we reach a crude production ceiling? Who will be the winners, the losers? How should you position yourself?
• How will prices move in the longer term, what will set the cap and floor?
• The changing structural relationships within the industry: IOCs/NOCs/Global Market, especially East vs. West? 11:00-11:15 Coffee Break
11:15-12:30 Session 2: Global Crude Oil and Condensate Supply Outlook - Investment Downturn • What is the global outlook for upstream investments in an environment of high prices but surplus capacity?
• Production and export outlook for Atlantic Basin, Asia, Middle East, Russia and Central Asia.
• Condensates/NGLs.
• Growth of high-TAN crudes and their implications.
• Looming crude/refining mismatch: what are the market implications? 12:30-14:00 Lunch
14:00-15:30 Session 3: Asian Product Demand, Refining, and Balances – Risks and Opportunities
• Asian product demand: When will robust growth return after the recent downturn?
• Detailed analysis of new refinery construction plans and potential wave of rationalization in the Asia Pacific.
• Asian petrochemicals: What are the implications for naphtha markets?
• Changing product specifications and grade-wise trade outlook.
• Asia Pacific product balances. 15:30-15:45 Coffee Break 15:45-17:30 Session 4: The US and European Refining Markets – Adjusting to the New Order
• Why is the US/European industry so vulnerable to the global capacity surplus?
• What will be the likely level and nature of capacity closures?
• What are the opportunities and threats associated with greater product imports from the East?
• Product specification changes and the product balances. 18:00-20:00 PPI Happy Hour at the Bar & Billiards Room Day 2 Friday, October 8, 2010
09:00-09:30 Session 5: Update on Japan’s Oil Sector: Demand Contraction and Refining Capacity Closures • Demand Outlook.
• Refining Capacity Reductions.
• Outlook for Japan’s refinery business.
09:30-11:00 Session 6: China’s Downstream Oil and Sector and Markets – Opportunities and Hype
• Energy and the economy: Is China’s economy overheating? Implications of oil price reform.
• Upstream developments, rapidly rising crude imports refining build-up and uncertainties of China’s oil demand.
• Rapidly rising crude imports: Where will they come from? Latest developments of SPRs.
• Implications of China’s overseas investments in the up and downstream.
• China’s changing petroleum product balances and its impact on Asia: A wild card.
• Impact of rising natural gas use and LNG imports on oil demand.
• China’s rapid expansion of the petrochemical sector: can it be sustained?
11:00-11:15 Coffee Break 11:15-12:30 Session 7: India’s Downstream Oil Sector and Markets: Challenges, Opportunities and Reforms
• Indian economy: Five year plans and the impact of the withdrawal of the Stimulus Package.
• Oil product demand: The role that gas has played in inter-fuel substitution.
• India’s move towards cleaner fuels: all the hype and a discussion on India’s refinery plans.
• Future refinery utilization rates— Impact of the budget on duty protection and refining margins.
• India’s emergence as an export refinery hub – Infrastructure, profitability of exports and Reliance’s strategy.
• India’s crude imports – A changing slate.
• Fuel retailing in India – time for change?
• India’s upstream sector: increasing investment in gas.
• An update on India’s SPR.
• The path ahead for unconventional fuels in India.
To obtain further information please contact us at: [email protected]
Day 2 (continued) Friday, October 8, 2010
12:30-14:00 Lunch
14:00-15:00 Session 8: Middle East Demand, Refining, and Balances—Prospect of Domestic Demand and The Region’s Aspiration as a Product Trade Hub
• The impact of economic recovery on the Middle East’s economy and oil demand growth. • Increasing importance of natural gas in the Middle East energy mix. • Analysis of refining plans with focus on export-oriented projects—how has the refining wave shifted? • Middle East Product Balances and Trade—are we still going to witness a surge in product exports? • How will Middle East refiners position themselves in response to the changes in the global refining sector?
15:00-15:15 Coffee Break
15:15-17:00 Session 9: Global Refining Outlook and The Implications For Crude and Product Trade Flows • How the current structural surplus of capacity will reshape the global refining industry. • What impact will the restructuring have on margins? • Will product quality issues help or hinder the process? • Do changing bunker specifications pose a threat to refiners? • The changing dynamics of international crude oil and product trade flows—Key drivers and emerging trends. • The impact of refinery closures on crude and product trade, as well as feedstock compatibility issues. • The East vs. West supply/demand imbalance—What are the implications for Atlantic Basin crude movement eastwards? • What is the potential effect on light-heavy, sweet-sour, and regional crude differentials? • Key changes in inter and intra-regional product trade flows. • Implications for trading operations, shipping, and the storage business.
Agenda and Schedule
To obtain further information please contact us at: [email protected]
Dr. Fereidun Fesharaki Chairman of FACTS Global Energy, Singapore
Dr. Fereidun Fesharaki has a PhD in Energy Economics and has authored dozens of books and many more articles on the field. Dr. Fesharaki was the 1993 President of the International Association for Energy Economics (IAEE), a key professional organization representing over 3,000 energy econo-mists in more than 70 countries. In 1989, Dr. Fesharaki was elected a member of the Council on Foreign Relations in New York. Since 1991, he has been a member of the International Advisory Board of Nippon Oil—Japan’s largest oil company. Dr. Fesharaki is also a member of the Pacific Council on International Policy. In 1995, Dr. Fesharaki was elected Senior Fellow of the US Association of Energy Economics for distinguished services. In 1998, Dr. Fesharaki joined the Board of Directors of the American-Iranian Council. In 2002, he was appointed Senior Associate of the Center for Strategic and International Studies (CSIS) in Washington, DC. In 2008, Dr. Fesharaki was appointed a member of the National Petroleum Council by the US Secretary of Energy. Prior to founding FGE, he was with Harvard's Center for Middle Eastern Studies, and in the late 1970s, he was the Energy Advisor to the Prime Minister of Iran and a delegate to OPEC’s Ministerial Conferences. He has led energy-related academic research at the East-West Center since 1985. Kang Wu Senior Advisor of FACTS Global Energy, USA Dr. Kang Wu is Senior Advisor of FACTS Global Energy, USA and a China expert. He holds a Ph.D. in Economics (Asia focus) from the University of Ha-waii and a M.A. from the University of Texas at Austin. He also has over 15 years of energy research and consulting experience in energy policies, security, demand, supply, and trade with a special focus on oil, gas, and the downstream refining business in China as well as the Asia Pacific region. Dr. Wu is also a Senior Fellow at the East-West Center in Honolulu, Hawaii where he leads the China Energy Project. He is the author and co-author of technical reports, conference papers, books, and articles in publications such as Time, The Wall Street Journal, New York Times, The Asian Wall Street Journal, International Herald Tribune, Far Eastern Economic Review, Journal of Commerce, The Strait Times, and Reuters. He has also shared his exper-tise at conferences worldwide as well as through Voice of America, BBC, CNBC, Radio Australia, Dow Jones Energy Services, Bloomberg News, and others. In October 2003, Dr. Wu testified before the U.S.-China Economic and Security Review Commission at Capitol Hill in Washington, D.C. on the global impact of China’s energy demand. Mr. Mark Lewis Managing Director of FACTS Global Energy, London Mr. Mark Lewis is a Managing Director of FGE London. Mark is a Business Studies graduate with over 30 years oil and energy consulting experience. He spent over 15 years with Petroleum Economics Ltd, where he rose to become joint Managing Director, before co-founding Energy Market Consultants (EMC). Over the years he has consulted with a range of clients including majors, US multinationals, European ex-state companies and producer NOCs. At FGE London, Mark has overall responsibility for company operations, presents at conferences and client seminars as well as overseeing FGE’s long-term market and industry coverage. Mark is also a Member of the FGE Management Committee.
Briefing Leaders
ABOUT FACTS GLOBAL ENERGY
FACTS Global Energy (FGE) was incorporated as Fesharaki Associates Consulting & Technical Services, Inc. (FACTS) in 1983 by Dr. Fereidun Fesharaki. The company was the first consulting firm to specialize in the oil and gas markets East of Suez and remains one of the very few firms to focus expertise on the Asia Pacific market. Today, the FGE group is unique in the oil and gas consultancy market, with global coverage and focused expertise on the Asia Pacific, Middle Eastern, North American, European, and former Soviet Union markets. FGE has offices in Singapore, London, Dubai, Hawaii, Yokohama and Beijing with satellite affiliate/representative offices in Washington D.C., Seattle and Los Angeles.
Please complete and return to The Conference Connection Inc at Raffles City P.O. Box 1736 Singapore 911758 or MPGC 2004/MEOW 2004 Secretariat, 105 Cecil Street, #07-02 The Octagon, Singapore 069534 Tel: +65 6222-0230, Fax: +65 6222-0121, Email: [email protected], Website: www.cconnection.org
First Name (Mr, Dr, Ms)
Surname
Company
Job Title
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Address
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Tel Fax
Name and Title of Approving Manager
Main Business Activity in Oil & Gas
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(For more than one delegate, please photocopy registration form)
Conference Connection Administrators135 Middle Road #05-01 Bylands Building (65) 6338-0064 (65) 6338-4090 [email protected] www.cconnection.orgsingapore 188975
THIS CONTAINS YOUR UNIQUE REGISTRATION REFERENCEPLEASE DO NOT REMOVE MAILING LABEL
MAIL PHONE FAX EMAIL ONLINE
Please PRINT in block letters and return to: The Conference Connection Administrators Pte Ltd, The PPI Secretariat at 135 Middle Road #05-01 Bylands Building, Singapore 188975. Tel: (65) 6338 0064 Fax: (65) 6338 4090 Email: [email protected]
5 EASY WAYS TO REGISTER!
VENUE & DATES:Pacific Petroleum Insiders (PPI 2010)October 7-8, 2010 (Thursday & Friday)The Raffles Hotel, 1 Beach Road, Singapore 189673Tel: (65) 6337 1886 Fax: (65) 6339 7650
REGISTRATION FEES US$:
Rates in US$
Full Fee 3,900
FGE Client Fee 3,300
Early Bird Fee* FGE Client 2,900 Non Client 3,200
Team Fee** FGE Client 2,500 Non Client 2,800(2nd and subsequentdelegates)
All discounts are mutually exclusive and on a per person basis* Early Bird Fee payment by August 23, 2010. ** Team Fee only applies after August 23, 2010.
Fees include: Attendance at PPI’10 Briefing, one set of briefing documents, lunches and coffee breaks and cocktail on October 7, 2010. Travel and accommodation costs are not included.
ENQUIRIES & REGISTRATIONS:PPI’10 Secretariat at 135 Middle Road #05-01 Bylands Building, Singapore 188975. Tel: (65) 6338 0064 Fax: (65) 6338 4090 Email: [email protected]• All registrations must be on the prescribed form
and will be on a confirmed basis unless otherwise notified in writing. All paid registrations will receive written notification.
• The organisers reserve the right not to accept prior & on-site registrations without payment. Delegates whose payment is not received before the event will be requested to furnish proof of payment or provide credit card guarantee. Conditions apply for onsite registrations!
PAYMENTS:• All payments are to be made in advance of the
briefing in US Dollars by Bank Transfer. (Bank details will be provided with your invoice.)
• Please quote event name, invoice number, and delegate name for bank transfers. Please instruct your bank to remit full amount net of bank charges.
CONFIRMATIONS AND CANCELLATIONS:• Cancellations notified by letter or fax before
September 16, 2010 will be levied an administrative fee of 5% for paid cancellations and 10% for unpaid cancellations.
• Paid and unpaid cancellations notifies between September 16-23, 2010 will be given a 50% refund
of the invoiced fees and one set of the presentation materials will be given (post event).
• No refund for paid cancellations received after September 23, 2010 but delegates can be substituted if the organisers receive prior notification.
• For registrations invoiced and unpaid but subsequently cancelled after September 23, 2010, 50% of the invoiced fees will be charged and one set of the presentation materials will be given (post event).
ACCOMMODATION IN SINGAPORE:Special rates will be arranged at the host hotel and other hotels nearby. Please request for a FASTFAX RESERVATION HOTEL FORM if required and make your room reservations EARLY.• Raffles Hotel (Host Hotel) • Swissotel The Stamford • Carlton Hotel• Intercontinental Singapore
DISCLAIMER: The organisers will not accept liability for non-approval of visas, individual transport delays and transport disruption, and in such circumstances, our normal cancellation rules and penalties apply. Where matters beyond the reasonable control of the organisers impair or prevent the organisers from being able to perform their obligation under this event, the client releases the organisers from any liability, incidental or consequential, to such matters.
REGISTRATION FORM
The Twentieth Pacific Petroleum Insiders (PPI 2010) October 7-8, 2010 • Raffles Hotel, Singapore
REGISTRATION (Please tick the appropriate box)
Pacific Petroleum Insiders (PPI), October 7-8, 2010 at:
qFull fee of US$3,900 per delegate
qRetainer client fee of US$3,300 per delegate. My company is a client of FACTS Global Energy
qEarly bird fee of: US$2,900 per delegate for clients / US$3,200 per delegate for non-clients
qTeam fee of US$2,500 per delegate for clients / US$2,800 per delegate for non-clients
Please send one completed form per insider.All discounts are mutually exclusive*Early bird payments must be received by August 23, 2010**Team fee applies only after August 23, 2010
EWPL 1020/10 WB
For details on the PPI 2010, please email [email protected]
❑ Yes! Please register me for PPI 2010.
Organised by:
Course Directors:
JOHN H. VAUTRAINSenior Vice President and Director
Purvin & Gertz, Inc.
N. RAVIVENKATESHPrincipal Consultant
Purvin & Gertz, Inc.
KEY ISSUES TO BE COVERED:
Basics of Crude Oil Marketing Crude Oil and Condensate Outlook Challenged Crude Oils Supply/Demand and Pricing
Crude Oil Assays and Key Quality Indicators
Simple and Complex Refineries Refinery Margin Calculations Transportation Cost Estimation Light / Heavy Differential Relative Crude Prices and Values Trends and Expectations Interactive Role-Playing Workshop
Media Sponsor:
Special fee for 2nd and subsequent delegates!
THE CONFERENCE CONNECTION INC.Conne c t in g G lo ba l Bus in e s s e s .
Both Courses On Crude Oil Marketing & Valuation + Crude & Condensate Commercial Workshop Revamped & Back by Popular Demand!
An Intensive 2-Day Improved Course On
CRUDE OIL &
CONDENSATE VALUE AND TRADE
CHOOSE FROM TWO CONVENIENT DATES & INTERNATIONAL LOCATIONS
March 1-2, 2010, Le Meridien Dubai, United Arab Emirates
October 7-8, 2010, Hilton, Singapore
BASICS OF CRUDE OIL MARKETING• Key Middle East/Asian crude oils Suppliers Marketing/contract attributes Pricing• Crude oil and condensate supply and
trade patterns• Key market crude oils and condensates Middle East markers and evolution Condensate indexation Asian sweet crude markers• Marketing versus a marker
CRUDE OIL AND CONDENSATE OUTLOOK• Asian/Middle East crude oil supply/demand
to 2012• Price/margin expectations to 2012• Condensate developments and future
Asian/Middle East supply
CHALLENGED CRUDE OILS SUPPLY/DEMAND AND PRICING
• Qualities leading to marketing problems• High TAN Crude Oils• Heavy Sour Crude Oils• Difficult Condensates• Mercury, calcium and other contaminants
TECHNOLOGICAL MATTERSCrude Oil Assays and Key Quality Indicators• Crude oil composition• Important refining characteristics• Crude assay information and its use
Simple and Complex Refineries• Topping and hydroskimming refineries• Cracking refineries and variations• Full conversions refineries• Economic implications of refinery
configurations
Copyright © The Conference Connection Inc. anThe organisers reserve the right to alter th
COURSE ABOUT THIS COURSEThis two-day seminar and workshop has been designed to increase your understanding of crude oil markets and how they affect the value you receive for your crude oil.You will:
Learn more about the technical aspects of how crude oils and condensates are used by refi ners and how crude oil/condensate qualities infl uence refi ners’ interest.
Learn how refi ners’ technical considerations get translated into perceivable market values and how you can assure you are getting the best value for your crude oil.
It has also been designed to give attendees a grounding in the fundamentals of how crude oil and condensate are traded commercially. The program will be in two parts: theory/lecture and role playing: Review of major crude oil and condensate streams from Middle
East and Asia Outlook for production and demand Transportation Quality and differentials Pricing systems and price indexation Term contract practices Spot contract trading cycle Educational role playing and simulation of the monthly cycle of
trading crude oils and condensates Variations Infl uence of disruptive events Winning and losingKey strategies, methodology & concepts will be provided including: Relationships among key international benchmarks Problems with WTI, Brent and Dubai Major world trade patterns and fl ows How OPEC moves infl uence prices Problems with crude markets since 2004
Interactive session will involve role playing: Attendees will participate in simulations as buyers or seller groups Alternative market scenarios will be played out
Participants gain appreciation of how buyers and sellers respond to different market conditions
Impact of unexpected events will be experiencedThe intent of the workshop is to provide instruction on the commercial side of crude oil trade using both classroom presentation as well as role playing to simulate real world events and market conditions.
WHY YOU SHOULD ATTEND THIS COURSE Understand how location, petroleum products markets, trade
patterns and crude oil quality affect the market value of your crude oil
Find out how refi ners evaluate crude oils—what kinds of information they use and how they use it
Understand how refi neries are different and why some refi ners value crude oils and condensates differently than others
Understand which information is most important to provide to refi ners to maximize their interest in your crude oil and the price they will offer
Learn about tools that allow you to track market trends for your crude oil competitors and how market price relates to refi ning value
Find out about the characteristics that can add or subtract value from your crude oil.
Understand how producers can be compensated for market value when different crude oils are blended in the production and logistics system
Improve your program for marketing crude oil to maximize the value you receive.
Improve your crude oil development investment decisions
ABOUT THE COUJOHN H. VAUTRAINMr. Vautrain is a Senior Vice President and Director of Purvin & Gertactivities. He is responsible for maintaining contacts with industries, fi nregion. Since 2000, Mr. Vautrain has been located in Singapore after assconsultant in 1981. Before joining Purvin & Gertz, he was with Phillips Peand petrochemical manufacturing operations. Mr. Vautrain holds a Bachdegree in chemical engineering from the University of Utah.
N. RAVIVENKATESHRavi is a Principal Consultant and partner at Purvin & Gertz, Inc. He joinhas diverse industry experience spanning both refi ning and petrochemianalysis covering Asia and Middle East in addition to providing consultingin the region. He previously had Operations, Process Engineering, Regioresponsibilities with ExxonMobil, Singapore. Prior to joining ExxonMobDegree in Chemical Engineering and an MBA.Utah.
ABOUT PURVINFounded in 1947, PURVIN & GERTZ, INC. is an international energy indan independent employee-owned fi rm providing technical, commercial, aand power generation industries. Our consultants are technically trainedand commercial areas of the industries they serve. Browse our website wwe offer clients.
ABOUT THE OCONFERENCE CONNECTION through its affi liates and associates in high profi le international events in the oil and gas and energy industriesindependent platform for business interaction and discussion of leading and professionalism through linkage with industry, professional and interand other activities, please email [email protected] or visit our webs
MARKET MATTERSRefinery Margin Calculations• Topping and hydroskimming refineries• Cracking refineries and variations• Full conversions refineries
Transportation Cost Estimation• Worldscale• Ship size influence on costs
Light / Heavy Differential• Key measurement of light / heavy
differential• Cycles in the light / heavy differential• Relationship to the investment cycle
Relative Crude Value/Pricing• Yield influence on price• Relevance of product prices• Unusual factors and influence on price• Common methods of price estimation/
quality banks• API gravity curves• Three cut methods and more• Refinery yield methodologies
Trends and Expectations
WORKSHOP • Interactive role-playing including both
buyers and sellers of crude oils Buy and sell spot crude oil and condensate in typical monthly cycle Influence of information/knowledge and its accuracy External events influencing market outcomes
d Conference Connection Administrators Pte Ltd. he content and timing of the programme.
OUTLINE
Registration on day 1 at 8.00am. Sessions start promptly at 9.00am and end at approximately 5.30pm. Lunch will be between 12.30pm and 2.00pm with mid morning and mid afternoon refreshments.
WHO SHOULD ATTENDThis course is designed for individuals involved in marketing crude oil or assuring that value is received including professionals involved in:Crude Oil Marketing Production Planning Crude Oil Supply
Crude Oil Trading Commercial Business Analysts Refi nery Operations Planning Petroleum Logistics Planning
Production Development Crude Oil Production Finance Profi t Improvement Analysts Profi t Improvement Analysts
PARTICIPATING COMPANIES INCLUDEAbu Dhabi National Oil Co * Apache Energy * Argus Media Ltd * Bahamas Oil Refi ning Co Ltd * BHP Billiton * Bharat Petroleum Corp. * BP Indonesia * BP Middle East * BP MIGAS * Brunei Shell Petroleum Co Sdn Bhd * Cairn Energy India Pty Ltd * Caltex Oil Malaysia Ltd * Caltex Singapore * Caltex Trading * Carigali Hess Operating Co.Sdn Bhd * Carigali-Triton Operating Co Sdn Bhd * Chevron Asia South Ltd * Chevron Australia Pty Ltd * Chevron Indonesia Co * Chevron Thailand E & P * Chevron USA Inc. (Singapore Branch) * China National Oil & Gas Exploration & Development Corp * CNPC International Ltd * Concord Energy * ConocoPhillips International Inc * Daleel Petroleum LLC * Dee Jones Petroleum & Gas Ltd * Dolphin Energy * ExxonMobil * Essar Oil * Glencore Singapore * Global Energy Resources Pte Ltd * Greater Nile Petroleum Operating Co * Gulf Organisation for Industrial Consulting * Hess (Indonesia-Pangkah) Ltd * International Airports Projects * International Bunkering Middle East* Itochu Petroleum Company * Japan Vietnam Petroleum Co. * Kernel Oil Pte Ltd * Koa Oil Co Ltd * Koch Refi ning International * Kondur PSA * KUFPEC (Indonesia) Ltd * Kuwait Foreign Petroleum Exploration Co * Kuwait Petroleum Corporation * Kyushu Oil Co Ltd * * LG-Caltex Gas Co Ltd * LG-Caltex Oil Corporation * Malaysia-Thailand Joint Authority * Maersk Oil Qatar * Marubeni Corporation * Medco Moeco Langsa Ltd * Ministry of Energy & Mining * Mission Biotechnologies Sdn Bhd * Mitsubishi Chemical Corp. * Mitsubishi Corp * Mitsui E & P Australia * Mitsui Oil Exploration Co Ltd * Morgan Stanley Capital Group (S) Pte * Morgan Stanley Dean Witter* Nabalco Pty Ltd * National Iranian Oil Company * NewField Exploration Australia Ltd * Nippon Oil (Asia) Pte Ltd * Nucoastal (Thailand) Ltd * Oil India Ltd * Oman Refi neries & Petrochemicals Co. * PT Bumi Petroleum Nusantara * PT Chevron Pacifi c Indonesia * PT Exspan Nusantara * PT Medco Energi International * PT Medco E&P Indonesia * PT Pertamina EP * PT Pertamina (Persero) * Petrochemical Corp. of S’pore * Pertamina Energy Trading Ltd * Petro Progress Pte Ltd * Petro Summit Pte Ltd * PetroVietnam Investment & Development Co * Pertamina Energy Services Pte Ltd * PetroChina Int’l Cos. in Indonesia * Petrochemical Inspection (M) Sdn Bhd * Petrocom Ltd * Petron Corporation * Petronas * Petronas Carigali Myanmar * PetroVietnam Trading Co. * PTT Exploration and Production Public Co Ltd * PTT Public Co Ltd * Pratibha Shipping Co. Ltd * Premier Oil Natuna Sea Ltd * Qatar Int’l Petroleum Marketing Co. Ltd * Qatar Petroleum * Qatar Shell Services Co. * Rayong Purifi er Public Co Ltd * Rayong Refi nery Co Ltd * Reliance Industries * Reliance Petroleum Ltd * Royal Dutch Shell * Safra Co Ltd * STO Maldives * SK Corporation * Santos Ltd * Sabah Shell Petroleum Co. Ltd * Sakhalin Oil & Gas Devt Co. * Sante Fe Energy Resources * Sarawak Shell Bhd * Saudi Arabian Oil Company * Saudi Petroleum Ltd * Saybolt Int’l BV * Sentek Marine & Trading Pte Ltd * Shell Eastern Trading * Shell Malaysia Trading Sdn Bhd * Shell Marine Products * Showa Shell * Singapore Refi ning Co Pte Ltd * Sinoafrica Consulting Group * S-Oil * Sonangol Asia Ltd * Southern Pacifi c Petroleum * Sudanese Petroleum Corporation * Sudapet Co. * Tata Petrodyne Ltd * The Bahrain Petroleum Co * The Bangchak Petroleum Public Co Ltd * TotalFinaElf (China) Investment Co Ltd * Total E & P Indonesie * Unocal Indonesia Co * Unocal New Ventures Ltd * Unocal Thailand Ltd * Vitol Asia Pte Ltd * Vitol Hongkong Ltd * YPF Maxus Southeast Sumatra
WHAT PARTICIPANTS HAVE TO SAY ABOUT THE COURSE
“Step-by-step knowledge building. Structured and in-depth presentation.”“It gave me a concrete image with simple examples.”“Clear presentation of ideas.”“For a 2-day course, it’s pretty comprehensive.”“I believe it is an excellent course for someone from an E&P upstream company involved in selling crude oil to 2 refi neries.”“Thorough and easy to understand.” “Touched on many areas such as crude assays, refi ning economics and even shipping.”“Open to questions, good depth of knowledge and experience. He allows the attendees to ask any questions and at any time. Respects their opinions.”“Very good briefi ng materials/discussion on crude oil pricing and basic refi nery concepts.”“Clear practical explanation of complex subject.”
CERTIFICATE OF ATTENDANCEAll participants who successfully complete the full 2-day course will be given a Certifi cate of Attendance.
Forthcoming Event by John VautrainREFINING ECONOMICS• April 15–16, 2010 • Singapore
• November 23–24, 2010 • Dubai
URSE DIRECTORS
tz based in Singapore. He heads up the fi rm’s Asia-Pacifi c consulting nancial institutions and government agencies located in the Asia-Pacifi c ignments in Texas and California. Mr. Vautrain joined Purvin & Gertz as a etroleum Company and Union Carbide Corporation in petroleum refi ning helor’s degree in chemistry from the University of Texas and a Master’s
ned Purvin and Gertz in 2005, and is based at their Singapore offi ce. He icals. He manages the Purvin & Gertz’s East-of-Suez short-term market g services to industries, fi nancial institutions and governmental agencies
onal Production Planning and Economics, Global Manufacturing Advisory bil he worked at Hindustan Petroleum in India. Ravi holds a Bachelors
N & GERTZ, INC.dustry consulting fi rm with 6 offi ces worldwide to serve our clients. We are and strategic advice concerning the oil, natural gas, gas liquids, chemical d, with an average of 20 years of individual experience in the operational www.purvingertz.com to learn more about the various consulting services
ORGANISERUnited States and Singapore, specializes in organizing and managing
s, as well as other business sectors globally. Dedicated to providing an edge business and industry strategies, it strives to combine excellence
r-governmental groups world-wide. For a full list of courses, conferences site at www.cconnection.org
MAILThe Conference Connection Inc.
Raffl es City P O Box 1736, Singapore 911758/Conference Connection Administrators Pte Ltd
135 Middle Road, #05-01 Bylands Building, Singapore 188975.
PHONESingapore
(65) 6338-0064
FAXSingapore
(65) 6338-4090
ON-LINEwww.cconnection.org
THIS CONTAINS YOUR UNIQUE REGISTRATION REFERENCE
PLEASE DO NOT REMOVE MAILING LABEL
DISCLAIMER:
The organisers will not accept liability for non-approval of visas, individu al transport delays and transport disruption, and in such circumstances, our normal cancellation rules and penalties apply. Where matters beyond the reasonable control of the organisers impair or prevent the organisers from being able to perform their obligation under this event, the client releases the organisers from any liability, incidental or consequential, to such matters.
First Name (Mr, Dr, Ms)
Surname
Company
Job Title
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Address
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Tel Fax
Name of Approving Manager (Mr, Dr, Ms)
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Please complete and return to:The Conference Connection Inc. at Raffl es City PO Box 1736, Singapore 911758 or Conference Connection Administrators Pte Ltd / CCVT Secretariat at 135 Middle Road, #05-01 Bylands Building, Singapore 188975 Fax: (65) 6338 4090, Tel: (65) 6338 0064 Email: [email protected]
ALL REGISTRATIONS MUST BE ACCOMPANIED BY PAYMENTYes! Please register me for the course in:
DUBAI, March 1–2 2010, Le Meridien Dubai SINGAPORE, October 7-8 2010, Hilton Singapore
CC3154/CA260/10 WB
5EASY
WAYS TO
REGISTER
DATES & VENUES:March 1–2 2010, DubaiLe Meridien Dubai (near Airport)P O Box 10001, Dubai, UAETel : (9714) 217 0000; Fax : (9714) 282 1785October 7–8 2010, SingaporeHilton Singapore581 Orchard Road, Singapore 228883Tel : (65) 6737 2233; Fax : (65) 6732 2917COURSE FEES:Full Fee: US$2,095 per personTeam Fee: US$1,895 per person for the second and subsequent delegate from the same companyFees include daily luncheon and coffee breaks and over 200 pages of course materials. Travel and accommodation costs are not included.ENQUIRIES & REGISTRATIONS TO:The Conference Connection Inc. at Raffl es City PO Box 1736, Singapore 911758 or Conference Connection Administrators Pte Ltd / CCVT Secretariat at: 135 Middle Road, #05-01 Bylands Building, Singapore 188975 Fax: + 65 6338 4090, Tel: + 65 6338 0064 Email: [email protected] CONDITIONS: All registrations must be on the prescribed form or in writing and will be on a confi rmed basis unless otherwise notifi ed in writing The organisers reserve the right not to accept prior and on-site registrations without payment.
Delegates whose payments are not received before the event are required to furnish proof of payment on-site Staff at the event will request a credit card guarantee without proof of payment The organizers reserve the right to impose conditions of entry for walk-in delegates.
PAYMENTS: All payments must be made in US Dollars by Inter-Bank Transfers within 14 days of receipt of invoice (Bank details will be provided upon receipt of registration). Please quote event name, invoice number and delegate name for bank transfers. Please instruct your bank to remit the full amount, nett of bank charges.
CANCELLATION & SUBSTITUTION POLICY: No refunds whatsoever will be made for cancellations received after the cut-off dates below, but delegates can be substituted if the organisers receive prior notifi cation (please note that 2 weeks’ notice of substitution is required for visa application/cancellation as the case may be):
Venue 1st Cancellation 2nd Cancellation Cut Off Date Cut Off Date (Paid Registrations (50% Refund – 5% of fee & plus Workbook) Unpaid Registrations – 10% of fee) Dubai February 8 2010 February 15 2010 Singapore September 16 2010 September 23 2010 Cancellations, notifi ed in writing, received and acknowledged before 1st cut off date will be levied an administrative fee of 5% for paid cancellations and 10% for unpaid cancellations. For unpaid registrations which have been invoiced and are subsequently cancelled after 2nd cut off date, 50% of the invoiced fee will be charged and one set of the presentation materials will be given (post event).
PLEASE TICK (✔) ACCORDINGLY:
1. REGISTRATION FEES Full Fee: US$2,095 per person 2nd & Subsequent Delegate Fee: US$1,895 per person
2. PAYMENT I am sending payment by telegraphic transfer. Please send full details. I will need an original invoice.
3. ACCOMMODATION Please send me a hotel/visa form
4. IN-HOUSE TRAINING Please send me further information on in-house training programmes
CRUDE OIL & CONDENSATE VALUE AND TRADEREGISTRATION FORM
HOTEL ACCOMMODATION: Delegates will be responsible for their own hotel and visa arrangements. Special rates have been secured at the course hotel for all confi rmed delegates. Please request for a hotel form when registering.
Changing Supply/Demand Dynamics
14 – 15 OctOber, SingapOre
AsianBitumen2010
14-15
Octo
ber 20
10
AsianBitumen
2010
Media Sponsor:Organised and Produced by: Follow Us Online:
The Only dedicATed BiTumen evenT in The regiOn enTering iTs 6Th yeAr!!
See Back Page for regiStration information!
Conference Connection is pleased to announce the sixth Asian Bitumen conference 2010: changing supply/demand dynamics (AsB 2010), will be held in Singapore on 14-15 October, 2010. Continuing in the tradition of excellence, AsB 2010 will continue to provide insights into the changing bitumen market picture and the resultant new challenges and opportunities. Since its inception in 2004, this exceptionally timely conference has become the annual meeting place for senior decision makers and key players in the bitumen industry with over 700 delegates from 30 countries having attended the past five events.
In the past year, the Asian bitumen market has been subjected to firmer crude oil prices and shrinking refinery margins against a backdrop of economic recovery. This conference will look at the impact of economic recovery on Asian bitumen demand as well as refinery decisions to produce bitumen amidst firmer bitumen prices. Is bitumen overpriced? Will China become a net exporter come 2012? What would be the impact on supply/demand dynamics in this region? AsB 2010 will address these critical issues and help you prepare for these changing times and the challenges ahead, and keep you prepared to tap into potential opportunities.
As in our previous conferences, this dedicated forum will provide a continuing platform for thought-provoking debate on current issues and challenges facing the industry. Over these years, the conference has received your overwhelming support and has become an important meeting point for the industry. We are sure that this year too as in the previous events, we will receive your growing support.
We warmly invite you to participate in this conference. Do not miss this MUST-ATTEND Conference which provides outstanding networking opportunities and unrivalled worthwhile opportunities to forge business ties!
Who should AttendThis conference is crucial to all key decision makers and senior
management in the bitumen industry including:
l Bitumen Refiners l Bitumen Buyers/Resellers l Bitumen Traders l Bitumen/Fuel Oil Traders l Bitumen Shippers/Ship brokers l Bitumen
Terminal Operators l Bitumen Polymer/Additive Manufacturers l Bitumen Consultants l Bitumen Officers l Bitumen Sales Executives/Sales Staff l
Business Development Managers l Corporate Planning Managers/Analysts l Department of Transportation Officials l Export Manager l Government
Policy Planners l Highway Construction Contractors l Highway Authorities l Municipal Construction Authorities l Multilateral Agencies l Oil Executives l Public Works/Department of Transportation Officials l
Paving, Design & Materials Manager l Roads, Highways & Infrastructure Consultants l Asphalt Superintendent l Technical Advisors/Managers
critical issues to be AddressedlSupply and Demand Overview l Pricing and Shipping Logistics l Suppliers’ Panel (Bahrain, Iran, Korea, Oman, Saudi Arabia, Malaysia, Taiwan, Thailand) l Round Table Discussions (Latest Technological Advances & Challenges Facing Producers & Exporters) l In-depth country bitumen analysis on: • China • India • Indonesia l Growing & Emerging Markets
meeT AT cOnFerence cOnnecTiOn’s AsiAn BiTumen cOnFerence
Asia’s definitive gathering, as part of a global series, of bitumen buyers and sellers from bitumen businesses worldwide, well known for:l FACILITATING insights into the ever changing
bitumen market, its challenges and opportunitiesl PROVIDING an annual platform for global bitumen
experts from NOCs, producers, traders, shippers and consultants to gather information, meet, network and do business with each other
l FOCUSSING on the latest information, market and technology trends, business expertise and intensive country updates on bitumen trade and markets and factors that influence future trade and business
l HIGH-QUALITY information exchange, in-depth debates and lively discussion
The Only dedicATed BiTumen evenT in The regiOn enTering iTs 6Th yeAr!!
“Testimonials
An excellent conference with a good balance of commercial and technical.I enjoyed the conference and the opportunity to learn of issues facing
Asian Bitumen markets.An event of great quality by its content and the networking opportunities it provides.
All the sessions were valuable to me.A good conference which covered most of the areas related to Bitumen.
A good platform for exchange of ideas, latest updates, and good networking for the growing Asian Bitumen market.
Well done!
1sT middle eAsT BiTumen (meB 2010) hailed a great success!The launch of inaugural Middle East Bitumen 2010 (MEB 2010) which took place on 3-5 May 2010 in Dubai, was hailed by all those in attendance as a huge success.
“Lots of senior/serious participants. The who’s who of the industry indeed!”“Good event. Excellent networking platform.”“As a first Bitumen conference in Middle East, it’s a huge step; a beginning is made; now it’s going to be a journey.”“A very informative bitumen conference addressing key issues very effectively.”
The conference was attended by 150 delegates from over 25 countries. Not only did attendees enjoy the interactive conference and various networking sessions, they were also treated to an evening of Desert Safari and dinner where food, drinks and entertainment were provided at the Dubai Desert Conservation Reserve. This was thoroughly enjoyed by all delegates and gave all attendees the opportunity to make new relationships in a relaxed environment.
We would like to thank all delegates, speakers and sponsors for making the first Middle East Bitumen conference such a great success!
hear what our delegates have to say about meB 2010:
The Only dedicATed BiTumen evenT in The regiOn enTering iTs 6Th yeAr!!
sponsorship & networking Opportunities
Sponsorship opportunitiesAs the premier bitumen conference in Asia, the Sixth Asian Bitumen Conference 2010 will provide the ideal opportunity to enhance your company’s profile and increase your business potential through direct exposure to an audience of high-level bitumen executives. The conference is expected to attract between 120-150 delegates from over 30 countries and will include senior representatives in the bitumen industry.
Please fax to AsB 2010 Secretariat at (65) 6338 4090 or email [email protected] for a sponsorship kit and full information on sponsorship & exhibition opportunities and benefits.
networking opportunitiesThe combined profile of attendees at Asian Bitumen provides the event with a strong delegate base of not only senior company representatives and policy makers but also buyer-seller, principal agent and other synergistic relationships, providing the event with unrivalled opportunities for networking and exploring new business opportunities.
The BiTumen AlumniA R Thermosets • AB Nynas Petroleum • ACE Shipping Consultancy • ADCO • Advanced Pavement Technologies International • Afro Asian Commodities • Agarwal Petrochem • Al Jaber Bitumen • Al Jaber Bitumen-Ooms JV • Al Jaber Transport & General Contracting • Al Kaleej Bitumen Co (KBCO) • Al Mashael Group • Al Sherouk Chemicals • Alborz Chelic Iran Company • Amari Countertrade • AMB Minerals & Energy • Anderson Asphalt • Apex Energy Asia • AR & C • ARRB Group • Arr-Maz Custom Chemicals • Asian Development Bank • Asphalt Company Australia • Asphalt Extrusion Technologies • Asphalt Institute • Asphalt Research & Consulting • Asphaltex (Group Eurovia) • Asphaltos Trade SA • Aston Asfalt and Concrete Company • Athenian Tankers (UK) • Atisaz-Bazar Brokerage • Attock Petroleum • Auburn University • Awazel International • Ayegh Isfahan Company • B B Energy (Asia) • B2Bag Bitumen Logistic Solutions • Bahonar Brokerage Company • Bana Gostar Karane • BASF South East Asia • BASF, Germany • BCS - Bitubag, Pottenstein • BCS - BituBag, Lisboa • BCS Trading • Benzene International • Bharat Petroleum Corporation • Bitchem Asphalt Technologies • Bitubulk • Bitucorp Trading • Bitugum • Bitumat Company • Bitumat • Bitumen Bales • Bitumen Bangla • Bitumen Complete Solutions, Vienna • Bitumen Complete Solutions • Bitumex • Bitumix • Bitutank • BLS Bitumen Logistics Solutions • Boral ACM • Boral Asphalt • Boral Australian Construction Materials Division • Boral • BP • BP Australia • BP Bitumen • BP Singapore • Brisbane City Council • BSS • Buoysail • Byram Holdings • C S Chemicals • Caltex Australia • Caltex International • Caltex Oil Malaysia • Cascadian Industries • Cessco Engineering Services & Supplies • Ceylon Petroleum Corporation • Chevron (Singapore) • China Bitumen (SiChuan) • China Bitumen Co (Taizhou) • China Nat’l Bldg Materials & Equipm’t I&E • China Offshore Oil&Gas Development Utilization • Chinaoil Guangdong International Trade • COLAS • Concord Energy • ConocoPhillips International • Consolidated Contractors Company Oman • Consultrade International • Corus Energy • Cosco Southern Asphalt Shipping • Cosmic Asphalt Technology • Cosmo Oil • Country Trading • COWI • Creole Impex General Trading • Crown Group of Companies • Crystal Water Navigation • Cyrus Group • CyTech International • Delta Corporation • Diamond Key International • Diversified Resources • DMCC • Donghua (Hong Kong) • Downer EDI Works • Dubai Central Laboratory (Dubai Municipality) • DuPont • Dynasol Altamira Facility • EA Gibson Shipbrokers • Eastern Petroleum • Elco Richmond Asphalt Products Trading • Elpiji • Elsamex International • Emera Trading • Emirates Petroleum Products Co (EPPCO) • Engen Petroleum • Engineered Additives • ENOC – Bunkering International • ENOC Commercial and Distribution • ERES • Ergon Asphalt & Emulsion, USA • Essar Oil • European Asphalt Pavement Association • Europolymers • ExxonMobil Asia Pacific • ExxonMobil Malaysia • FACTS Global Energy • Fairdeal Group • Falcon Chemicals • Fara Shimi Rooz • Feedar Esfahan Manufacturing • Fenwick Shipping Services • Feoso Energy • Gas Petro Bulk • GBA Products • Gearbulk (UK) • Gemencheh Granite • Geo Chem Middle East • Global Energy Resources • GS Caltex Corporation • Guizhou Ta Li Mu Chemical • Gulf Chemicals & Industrial Oils • Gulf Petrochem • Hanson Building Materials • Hanwha Corp • Haswell Ltd • Hawaiian Rock Products • Heavy Oil Research Institute • Henkel Polybit Industries • Higgins Contractors • Highway Resources • Hin Hin Management & Holdings • Hindustan COLAS • Hindustan Petroleum Corporation • HT Process Controls • ICL Performance Products • ICT Corporation • Iino Singapore • Iliyaash Mines & Minerals • IMEX International • IMPERBIT Membrane Industries • Indian Oil Corporation • Infineum UK • Innate Synergy • Innophos • Inter Global Shipping • IRPC Public Company • Itochu Corporation • Itochu Enex • Itochu Indonesia • Itochu Middle East • Iver Ships • Jackson International • Jey Oil Refining • Jiangxi Geo-Engineering (Group) Corporation • Jier Shin Singapore • Kang Qi International • Karazhanbasmunai • Kemaman Bitumen Company • KGJS (Singapore) • Kjelman Shipping • Koch Materials Asia Trading • Koch Materials Co China • Korea Petroleum Ind • Kraton Polymers International • Kuo Oil • Kuwait Petroleum Corporation • Kyokuto Petroleum Industries • Lagan Bitumen • Lake Asphalt of Trinidad • Lankem Ceylon • Lucky Shipmanagement • Luftfartsverket • M.A.Razak • Macquarie Bank • Macro International Services • Malaysia Highway Authority • Mangali Petrochem • Markmore • Marubeni International Petroleum • Masefield (Singapore) • Mashael Petroleum • MeadWestvaco Singapore • Meghalaya Bitchem • MENA Energy • Meraat International Trading • Merrill Lynch Singapore Commodities • Mertus • Ministry of Public Work • MISC • Mitsui & Co • Mitteldeutsches Bitumenwerk • National Bitumen Corporation • National Ctr for Asphalt Tech, Auburn University • Nepsin (AP) • Neptune Energy Trading • Norstar Monaco • North Energy Trading • Nynas Bitumen • Ocean K&S Corporation • Odyssey Maritime • Oil Special Product Commercial • OM Infracon • Oman Oil Marketing Company • Ooms International Holding • Optima Energy • Pacific Wells • Pan Energy Consultant • Panjin Nynas North Bitumen • Pasargad Oil Company • PDVSA Petróleos • PEC • Pennant Australia • Persia Trade Hall • Pertamina • Petchem International Trading and Shipping • PetroChina • Petroliam Nasional • Petrolimex Asphalt • Petron Corporation • PETRONAS – MITCO • Petronas Dagangan • Petronas Penapisan (Melaka) • Petronas Trading Corporation • Pioneer Oil • Poerner Ingenieurgesellschaft • Poh Tiong Choon Logistic • PolymerLatex • Pörner Ingenieurgesellschaft • Pri Asphalt Technologies • Prime Tankers • Probase Manufacturing • Projek Penyelenggaraan Lebuhraya (Propel) • PT Aspalindo Sejahtera Mandiri • PT Asphalt Bangun Sarana • PT Bintang Djaja • PT Bumi Sarana Utama • PT Buton Asphalt Indonesia • PT Indadi Setia • PT Jaya Trade Indonesia • PT MOB • PT PERTAMINA (PERSERO) • PT Rabana Aspalindo • PT Sarana Aspal Nusantara • PT Aspindo Mutual • PT Bintang Jaya • PT Bumi Modern Sejahtera • PT Helena Maju Mandiri • PT Kiprah Multi Sarana • PT NaturaBit Pacific Energy • PT Wana Indah Asri (DMK GROUP) • PTT Public • Public Work Department • Purvin & Gertz • Qatar Fuel WOQOD • R & N Khimji • RAD International • Red Sea International • Reliance Industries (Middle East) - Dubai • Richmond Mercantile (Australia) • Richmond Mercantile Int’l • Richmond Mercantile • RNR Contracting • RPQ • S T O Maldives Singapore • Sam Exports • Sam Tradelines • SAMI Bitumen Technologies • Samwoh Corporation • Sargeant Marine • Sarl Nafco • Saudi Aramco • Saudi Aramco Lubricating Oil Refining • Saudi Petroleum • Seashell Logistics • SemMaterials • Semoha Masged Hatem St • Shanghai Rongyuan Petroleum • Shell China • Shell Eastern Petroleum • Shell Eastern Trading • Shell Hong Kong • Shell International Trading Middle East • Shell NZ • Shield Petroleum Nigeria • Shimi Palayesh Sadaf • Simosa International • Singapore Petroleum • Singapore Refining Company • Sinochem Jiangsu Corporation • Sinopec Asphalt Sales Company • SK Corporation • SK Energy • Societe Multinationale de Bitumes • S-Oil Corporation • Sojitz Petroleum • Solvochem • South Shore International • Star Petroleum Refining Company • State Trading Organization • Stolt-Nielsen Singapore • Stolt-Nielsen Transportation Group • Suasion Construction • Sudanese Petroleum Corporation • Swedish Road Administration • Swiss Singapore Overseas Enterprises • Tai Fung Trading • Tar Trading • Tarmac Middle East • Technix Group • Tesoro Refining and Marketing Company • Thai Lube Base Public Co • Thai Petrochemical Industry Public Company • The Bahrain Petroleum Company B S C • The National • The Oceanic Petroleum Source • Theodora Tankers • Thome Ship Management • Tiki Tar Industries India • Tinna Overseas • Tipco Asphalt (Public) • TNK-BP • TOTAL • TOTAL FRANCE - Bitumen Division • Total Lubricants International • TOTAL Middle East • Total Oil Asia-Pacific • Total Parco Pakistan • Trade House “OS” • Trafigura Beheer • Tratimex • Uni-Global Oil Trading • United Group Egypt • Uniterminals • University of Wisconsin • Valencia Exim • Venus Petrochemicals (Bombay) • Victoria International Petroleum Corp • View Sino Oil • Vikas Projects • Vinergy International • Vitol Asia • Vitol Dubai • W R Grace • Wade Adams Contracting • Wake Marine • Well Chain Science • Wilson International Trading • Winnington • Wonder Star Trading • Works Infrastructure New Zealand • Xi’an Dagang Road Machinery • Zhejiang Province Highway Materials
Who you Will meet at Asian Bitumen
ATTendAnce By indusTry ATTendAnce By regiOnATTendAnce By jOB clAss
5 eaSY WaYS to regiSter!
First Name (Mr/Ms/Dr)
Surname
Company
Job Title
Nationality
Address
Country Postal/Zip Code
Tel Fax
Name & Title of Approving Manager (Mr/Ms/Dr)
Special Dietary Requirements (if any)
Main Business Activity
Conference Connection Administrators Pte Ltd Singapore Singapore 135 Middle Road, #05-01 Bylands Building, [email protected] www.cconnection.orgSingapore 188975 (65) 6338-0064 (65) 6338-4090 (ROC No. 199405166R)
THIS CONTAINS YOUR UNIQUE REGISTRATION REFERENCEPLEASE DO NOT REMOVE MAILING LABEL
Please Print in block letters and return to:conference connection administrators or the asB 2010 Secretariat at 135 Middle Road, #05-01 Bylands Building, Singapore 188975. Tel: (65) 6338 0064 Fax: (65) 6338 4090 Email: [email protected]
q Yes! Please register me/us:
MAIL PHONE FAX EMAIL ONLINE
(For
add
ition
al d
elega
tes, p
lease
pho
toco
py th
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istra
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)
PaYmentS muSt Be received Before the conference date.
CA274/10 WB
regiStration conditionS:l All registrations must be on the prescribed form or
in writing and will be on a confirmed basis unless otherwise notified in writing.
l The organizers reserve the right not to accept prior and on-site registrations without payment.
l Delegates whose payments are not received before the event are required to furnish proof of payment on-site.
l Staff at the event will request a credit card guarantee without proof of payment.
l The organizers reserve the right to impose conditions of entry for walk-in delegates.
PaYmentS:All payments are to be made in advance of the conference in US Dollars by Inter-Bank transfers. (Bank details will be provided upon receipt of registration.)
canceLLation & SuBStitution:l Cancellations notified in writing by letter and
acknowledged by 23 September 2010 will be levied an administrative fee of 5% for paid cancellations and 10% for unpaid cancellations.
l Paid and unpaid cancellations notified between and acknowledged 23 September – 30 September 2010 will be given a 50% refund and one set of the conference documentation (post event).
l No refund will be given after 30 September 2010 but delegates can be substituted if the organizers receive prior notification.
l For registrations invoiced and unpaid but subsequently cancelled after 30 September 2010, 50% the invoiced fees will be charged and one set of conference documentation will be given (post event).
hoteL accommodation & viSa aPPLication:Delegates will be responsible for their own hotel and visa arrangements. Special rates will be secured at the venue hotel for all confirmed delegates. Simply request for a FastFax Hotel Reservation Form upon registration.
diScLaimer:The organizers will not accept liability for non-approval of visas, individual transport delays and transport disruption, and in such circumstances, our normal cancellation rules and penalties apply. Where matters beyond the reasonable control of the organizers impair or prevent the organizers from being able to perform their obligation under this event, the client releases the organizers from any liability, incidental or consequential, to such matters.
AsiAn BiTumen 201014-15 OcTOBer 2010, singApOre
regisTrATiOn FOrm iiAsian
Bitumen2010
14-15
Octo
ber 20
10
Please Tick (√) Accordingly:1. Registration Feeso Full Fee: US$1,995 per persono Early Bird Fee: US$1,595 per person (payment by Aug 14 2010)o Team Fee: US$1,595 per person for 2nd & subsequent delegateEXCLUSIVELY FOR MEB 2010 DELEGATES ONLYoSPECIAL JOINT ATTENDANCE FEE: US$1,295 per person (SavingsofUS$700ifyouarearegisteredattendeeatMEB2010!)SPECIAL ALUMNI FEE FOR PAST ATTENDEESr ALUMNI FEE: US$1,395 per person (Savings of US$600 if you are an attendee at past Asian Bitumen events!)2. Payment o I am sending payment by telegraphic transfer/bank draft. Please send full details. o I will need an original invoice. 3. Accommodation & Visao Please send me a Fastfax Hotel Reservation Form.4. Sponsorship & Informationo I would like full details on sponsorship.o Please send me more information on the conference. o Please include me in your mailing list for future events.
dateS & venue:Thursday - Friday, 14 - 15 October 2010, Venue to be confirmed.
regiStration feeS: Full Fee: US$1,995 per personEarly Bird Fee: US$1,595 per person (payment by August 14, 2010)Team Fee: US$1,595 per person for the second and subsequent delegate from the same company and billing address. Not valid with other discounts i.e. full fee applicable for first person.
SPECIAL FEE FOR MEB 2010 delegates: US$1295 per person (savings of US$700!)
SPECIAL ALUMNI FEE for past delegates: US$1395 per person (savings of US$600!)
Feesincludeparticipationatallsessions,dailylunch&coffeebreaksandasetofconferencedocumentationperperson.Travel,accommodationandvisacostsarenotincluded.
enQuirieS & regiStrationS:Conference Connection Administrators Pte Ltd at: 135 Middle Road, #05-01 Bylands Building, Singapore 188975. Tel: (65) 6338 0064 Fax: (65) 6338 4090 Email: [email protected] Website: www.cconnection.org
JOHN H. VAUTRAINSenior Vice President and Director
Purvin & Gertz, Inc.
N. RAVIVENKATESHPrincipal Consultant
Purvin & Gertz, Inc.
•OverviewofPetroleumProducts
•CrudeOilandProductsPricing•ProcessingMarginCalculations•NatureofCrudeOils•PetroleumProductsQuality•ProductsManufacturing
Technology•RefineryComplexity
•RefineryYields–CaseStudies
•RefiningCosts•RefinedProductsSupply/
Demand•ProductsTradeand
Transport•ValueofRefineryAssets
–CaseStudies
Organised by:
CHOOSE FROM TWO CONVENIENT DATES & INTERNATIONAL LOCATIONS
15 – 16 April 2010HiltonSingapore
23 – 24 November 2010LeMeridienDubai,UnitedArabEmirates
Media Sponsor:
COURSE DIRECTORS
KEy ISSUES TO bE COVERED
Gain an in-depth UnderstandinG of how refineries Make Money and what affects refininG investMent
Special fee
for 2nd and
SubSequent
delegateS!
Refiningeconomics
An Intensive 2-Day Course On The Fundamentals of
Why you Should Attend thiS CourSe1. Understandhowrefineries’profitdependson
location,configurationandcrude.
2. evalUatetheeconomicstrengthofcompetingrefineryinstallations.
3. Understandwhatgovernsthesuccessorfailureofnewrefineryventures.
4. FindoUthowrefineryconfigurationsaffectpetroleumproductpricesworldwide.
5. improveyourperceptivenessofthevalueofrefineryinvestments.
6. learnhowtointerpretpublishedinformationontherefiningindustryandrefiningcompanies.
7. Understandhowobvioustechnologydifferencesaffectrefinerystrength.
8. discoverhowrefineriescanbemodifiedtobecomemoreprofitable.
9. learnwhyrefineriespreferdifferenttypesofcrudeoils.
10. FindoUthowtrendsinpetroleumdemandforcerefineriestoinvest.
Who Should Attendthiscourseisdesignedtoincreaseyourunderstandingofpetroleumproductsmarketsandhowthey interactwiththerefiningindustryandcrudeoilmarkets,andisofimportanceto:
• refiners• Financialanalysts• Bankers• crudeoilmarketers• petroleumanalysts• regulators/Government• refineryFinanceexecutives• technologysuppliers• projectdevelopers• commercialBusinessanalysts• crude&productsmanagers• productssupplyanddistributionexecutives• strategic/Businessdevelopmentmanagers• Financialinstitutions/energylenders• investmentanalysts• insurers• e&cFirms/economicFeasibilityanalysts• crudeproducers
CertiFiCAte oF AttendAnCeallparticipantswhosuccessfullycompletethefull2-daycoursewillbegivenacertificateofattendance.
ABout the CourSe direCtorS
JOHN H. VAUTRAINmr.vautrainisaseniorvicepresidentanddirectorofpurvin&Gertzbasedinsingapore.Heheadsupthefirm’sasia-pacificconsultingactivities.Heisresponsibleformaintainingcontactswithindustries,financial institutionsandgovernmentagencies located in theasia-pacificregion.since2000,mr.vautrainhasbeenlocatedinsingaporeafterassignmentsintexasandcalifornia.
mr.vautrain joinedpurvin&Gertzasaconsultant in1981.Beforejoiningpurvin&Gertz,hewaswithphillipspetroleumcompanyandUnioncarbidecorporationinpetroleumrefiningandpetrochemicalmanufacturing operations. mr. vautrain holds a Bachelor’s degreeinchemistry fromtheUniversityoftexasandamaster’sdegree inchemicalengineeringfromtheUniversityofUtah.
N. RAVIVENKATESHraviisaprincipalconsultantandpartneratpurvin&Gertz,inc.Hejoined purvin and Gertz in 2005, and is based at their singaporeoffice. Hehasdiverse industry experience spanningboth refiningand petrochemicals. He manages the purvin & Gertz’s east-of-suezshort-termmarketanalysiscoveringasiaandmiddleeast inaddition to providing consulting services to industries, financialinstitutionsandgovernmentalagenciesintheregion.Hepreviouslyhadoperations,processengineering,regionalproductionplanningandeconomics,Globalmanufacturingadvisoryresponsibilitieswithexxonmobil, singapore. prior to joining exxonmobil he worked atHindustanpetroleuminindia.
raviholdsaBachelorsdegreeinchemicalengineeringandanmBa.
ABout Purvin & Gertz, inC.Founded in 1947, purvin & Gertz, inc. is an international energyindustryconsultingfirmwith6officesworldwidetoserveourclients.We are an independent employee-owned firm providing technical,commercial,andstrategicadviceconcerningtheoil,naturalgas,gasliquids,chemicalandpowergeneration industries.ourconsultantsare technically trained, with an average of 20 years of individualexperienceintheoperationalandcommercialareasoftheindustriestheyserve.Browseourwebsitewww.purvingertz.comtolearnmoreaboutthevariousconsultingservicesweofferclients.
ABout the orGAniSerconferenceconnectionthroughitsaffiliatesandassociatesinUnitedstatesandsingapore,specializesinorganizingandmanaginghighprofileinternationaleventsintheoilandgasandenergyindustries,aswell as other business sectors globally.dedicated to providinganindependentplatformforbusinessinteractionanddiscussionofleadingedgebusinessandindustrystrategies,itstrivestocombineexcellence and professionalism through linkage with industry,professional and inter-governmental groups world-wide. For a fulllistofcourses,conferencesandotheractivities,pleaseemailinfo@cconnection.orgorvisitourwebsiteatwww.cconnection.org
aBoUttHiscoUrsetherefiningeconomicscourseisdesignedtoteachfundamentalsofrefiningeconomicstonon-refinersortothosenewlyintroducedtorefining.atechnicalbackgroundisnotnecessarytounderstandcoursematerialsandthecourseshouldbeusefultofinancingormarketingindividualswhohavesomeinvolvementwithrefiningor petroleum products. similarly amarketing background is not critical and the coursemay be helpful torefineryengineerswhowouldliketounderstandhowworldmarketsaffecttheirrefineriesandwhyothertypesofrefineriesexist.
ForthcomingeventsbyJohnvautrain
CRUDE OIL & CONDENSATE VALUE AND TRADE•march1-22010*dubai•
•october7-82010*singapore•
coUrseoUtline
registrationonday1at8.00am.sessionsstartpromptlyat9.00amandendatapproximately5.30pm.lunchwillbebetween12.30pmand2.00pmwithmidmorningandmidafternoonrefreshments.
Copyright © The Conference Connection Inc. and Conference Connection Administrators Pte Ltd. The organisers reserve the right to alter the content and timing of the programme.
i. introdUctiontoreFininGThis section will provide a broad overview. Focus of the section is to lay enough groundwork in key areas so the participants can understand the margin calculations that come in Section III.• products t identityofkeyrefiningproducts t smallvolume/specialties• Yields t Yieldvector t materialBalance• operatingcosts t Fixedcosts t variablecosts• margins t measureofprofitability t parametersinfluencingmargins• capitalcosts t costversussize
ii. crUdeandprodUcts pricinG• levelsoftrade t spotcargo t contract t Wholesale(rackorposted price) t retail• pricereporting t limitationsonaccuracy t UseofQuotations t methodsfordetermination t reviewofsources
iii.reFinerYmarGincalcUlations
• definitionsofmargin t Gross t variable t net• stepsincalculatingrefinery
margin• Usefulnessandlimitationsof
margincalculations• pointsofconfusion—marginsand
thepress• Workshop
iv. natUreoFcrUdeoils• GeneralQualityparameters• differenttypesofcrudeoils• simplifiedcrudeoilassays t distillationcurve t sulfurlevels• Qualityofcrudeoilcuts• valueofcrudeoilversusQuality t simplificationofapi/sulfur t examplesofactualcrudes t exceptionstotherule t otherimportantcharacteristics t extremesofQuality
v. reFinedprodUcts:QUalitY
• specificationsvsrunofthemineQuality
• Gasolines
• distillates• Fueloils• lubes/asphalts/specialties
vi. reFininGtecHnoloGY• separationprocesses• conversionprocesses• Upgradingprocesses• Focusonconversion• FocusonUpgrading• Focusonreformulated/UlsFuels
vii. reFininGcompleXitY• Historicaldefinition• Usefulness• limitations
viii. simpleandcompleXreFineries
• topping/Hydroskimming,crackingandFullconversion
• Flowdiagramsofmodel• Breakdownofasianrefineriesby
type• profitabilityofrefineriesbytype• Flowdiagramsofactualrefineries
vsideal
iX. reFininGYields• relationshiptoconfiguration• relationshiptocrudeassay• methodsofestimating• variationopportunities t Gasoline/distillateswing t Kero/dieselswing t seasonalfactors
X. reFininGcosts• capitalcostsofprocess
equipment t economyofscale t estimationmodels t Qualityofcapitalcostestimates t locationFactor• operatingcosts t Fixedoperatingcosts t variableoperatingcosts t estimationtechniques t variationwithlocation
Xi. reFinedprodUctssUpplY/demand
• refinedproductapplications t sectoralconsumption t pricesensitivityofconsumption• Historicalconsumptionbyproduct
inasia t Breakoutbysector t Breakoutbymajorregion• Historicalsupplybyproductinasia t Breakoutbymajorregion• Historicaltraderequirements• Howsupply/demandaffects
pricing t regionalpricing t import/exportparity
Xii. marKetsettinG conFiGUration• threetests t cruderunsvsrefinerytypes t refinerymargin t crudeoilvalues• implicationsofmarketsetting
configuration t crudeoilmarkets t productmarkets• petroleumproductprice
Forecasting t degreesofFreedom t roleofthemarketsetting refinery t importanceofconversion returns t lesserrelationship t amonglightproducts t specialities
Xiii. liGHt/HeavYdiFFerential• definitions/manifestationsoflight/
Heavydifferential t incrudes t inproducts• Howdifferentmanifestationstrack
eachother• implicationsforrefineries t returnstoconversion t influenceoninvestment• relationshiptoprofitability/margins
Xiv. reFinedprodUctstradeandtransport
• importandexportmarkets• petroleumshipping t shipsizesandtypes t shippingcosts t Worldscale• shippingcrudeversusproducts• implicationsforregionalproducts
pricing• effectsonrefineryprofitability• effectsonrefineryinvestmentand
operations
Xv. valUeoFreFininGassets• definitionsofvalue t replacementcost t Fairmarketvalue• meansofdeterminingvalue t comparablesales t cost-based t income-based• influenceofmarginonvalue t Qualitativeinformation t Historicaldata t implicationsforinvestment
Xvi. oUtlooK• energydemand• crudeoildemand• crudeoilprice• environmentalspecifications• light/Heavydifferential• regionalmargins• tradeFlows investment
CANCELLATION & SUbSTITUTION POLICy:• no refunds whatsoever will be made for
cancellations received after the cut-off datesbelow,butdelegatescanbesubstitutediftheorganisers receive prior notification (pleasenote that 2 weeks’ notice of substitution isrequired for visa application/cancellation asthecasemaybe):
venue
singapore mar25,2010 apr1,2010
dubai nov2,2010 nov9,2010
• cancellations, notified in writing, receivedand acknowledged before 1st cut off datewill be levied an administrative fee of 5%for paid cancellations and 10% for unpaidcancellations.
• For unpaid registrations which have beeninvoicedandaresubsequentlycancelledafter2nd cutoffdate, 50%of the invoiced feewillbe charged and one set of the presentationmaterialswillbegiven(postevent).
HOTEL ACCOmmODATION: delegateswillberesponsible for theirownhotelandvisaarrangements.special rateshavebeensecured at the course hotel for all confirmeddelegates.please request forahotel formwhenregistering.
• theorganisersreservetherightnottoacceptpriorandon-siteregistrationswithoutpayment
• delegates whose payments are not receivedbeforetheeventarerequiredtofurnishproofofpaymenton-site
• staff at the event will request a credit cardguaranteewithoutproofofpayment
• the organizers reserve the right to imposeconditionsofentryforwalk-indelegates
PAymENTS:• allpaymentsmustbemade inUsdollarsby
inter-Banktransferswithin14daysofreceiptofinvoice(Bankdetailswillbeprovideduponreceiptofregistration).
• please quote event name, invoice numberanddelegatenameforbanktransfers.pleaseinstructyourbanktoremitthefullamount,nettofbankcharges.
THIS CONTAINS YOUR UNIQUE REGISTRATION REFERENCEPLEASE DO NOT REMOVE MAILING LABEL
pleasetick(4)accordingly:
1. registrationFees q FullFee:Us$1,995perperson q 2nd&subsequentdelegateFee:Us$1,795per person
2.payment q iamsendingpaymentbytelegraphictransfer. pleasesendfulldetails. q iwillneedanoriginalinvoice.
3.accommodation qpleasesendmeahotel/visaform
4.in-housetraining q pleasesendmefurtherinformationonin-house trainingprogrammes
MAIL PHONE ONLINE
1st Cancellation Cut Off Date (Paid Registrations
– 5% of fee & Unpaid Registrations – 10% of
2nd Cancellation Cut Off Date (50% Refund
plus Workbook)
DATES & VENUES:April 15-16 2010, SingaporeHiltonsingapore581orchardroad,singapore228883tel:(65)67372233;Fax:(65)67322917
November 23-24 2010, Dubailemeridiendubai(nearairport)poBox10001,dubai,Uaetel:(9714)2170000;Fax:(9714)2821785
COURSE FEES:FullFee:Us$1,995perpersonteamFee:Us$1,795perperson for the secondandsubsequentdelegatefromthesamecompany
Fees include daily luncheon and coffee breaks and over 200 pages of course materials. Travel and accommodation costs are not included.
ENqUIRIES & REgISTRATIONS TO:the conference connection inc. at raffles citypoBox1736,singapore911758orconferenceconnection administrators pte ltd / refiningeconomicssecretariatat:135middleroad,#05-01BylandsBuilding,singapore188975tel: (65)6338 0064, Fax: (65) 6338 4090, email: [email protected]
REgISTRATION CONDITIONS:• all registrations must be on the prescribed
formor inwritingandwillbeonaconfirmedbasisunlessotherwisenotifiedinwriting
Please complete and return to: The Conference Connection Inc.atrafflescitypoBox1736,singapore911758orConference Connection Administrators Pte Ltd/refiningeconomicssecretariatat135middleroad,#05-01BylandsBuilding,singapore188975.tel:(65)63380064,Fax:(65)63384090,email:[email protected]
reGistrationForm
the conference connection inc.Raffles City P O Box 1736, Singapore 911758 /conference connection administrators pte Ltd135 Middle Road, #05-01 Bylands Building,Singapore 188975 (ROC No. 199405166R)
singapore(65) 6338 0064
FAX
singapore(65) 6338 4090
[email protected] www.cconnection.org
DISCLAImER: The organisers will not accept liability for non-approval of visas, individual transport delays and transport disruption, and in such circumstances, our normal cancellation rules and penalties apply. Where matters beyond the reasonable control of the organisers impair or prevent the organisers from being able to perform their obligation under this event, the client releases the organisers from any liability, incidental or consequential, to such matters.
5easYWaYstoreGister!
Refining economics
ca259/cc3153/10A
ALL REGISTRATIONS MUST BE ACCOMPANIED BY PAYMENT
Yes!pleaseregistermeforthecoursein:
qSingapore,april15–162010,HiltonsingaporeqDubai, november23–242010,lemeridiendubai
First Name (Mr, Dr, Ms)
Surname
Company
Job Title
Nationality
Address
Country Postal/Zip Code
Tel Fax
Name and Title of Approving Manager
Main Business Activity in Shipping
Other Activity (if not Shipping)
(For more than one delegate, please photocopy the registration form)
STRENGTHEN YOUR COMPANY BRAND & PROFILE!!
Conference Connection invites companies to take part on the available KEY
SPONSORSHIP OPPORTUNITIES at the following premier oil & gas events:-
The 6th
Asian Bitumen Conference, 14 – 15 October 2010, Singapore
The 6th
LNG Supplies for Asian Markets, 1 – 2 March 2011
Condensate & Naphtha Forum, 7 – 8 March 2011, Doha, Qatar
The 7th
International Fujairah Bunkering & Fuel Oil Forum, 22 – 24 March
2011, Fujairah, UAE
The 19th
Middle East Petroleum & Gas Conference, April 2011
Asian Oil & Gas Conference, 5 – 7 June 2011, Kuala Lumpur, Malaysia
HighTan Crude Conference, 9 – 10 June 2011, Singapore
High visibility, brand recognition, profile and premium networking
opportunities for all sponsoring companies at conference sessions & functions.
Contact us NOW at Tel: +65 6338 0064 or Email: [email protected]
2010
INTERNATIONAL OIL
TRADING & PRICE RISK
MANAGEMENT
ADVANCED PRICE RISK
MANAGEMENT
TRADING & PRICE RISK MANAGEMENT EVENTS
PROUDLY BROUGHT TO YOU BY:
Invincible EnergyTraining & Consultancy
Singapore
Singapore International Oil Trading and Price Risk Management
1 – 3 March 2010, Marina Mandarin Singapore4 – 6 October 2010, Sheraton Towers Singapore
Advanced Price Risk Management7 – 8 October 2010, Sheraton Towers Singapore
Invincible Energy is again bringing two courses specialising in oil trading and price risk management to Singapore. Invincible offers you the most effective training you can get for the commercial aspects of the oil, gas and power industries. Since 1983, the faculty have been equipping traders, managers, consultants and others with the tools to understand and to manage traded markets. Our range of training and consulting services spans trading and risk management for oil, gas and power as well as oil refi ning and supply. Invincible Energy is a UK-based energy training and consultancy company, running public courses at Cambridge, England and overseas including Dubai, Venezuela and South Africa as well as Singapore. It also runs in-house courses for companies all over the world.
Training and Risk Management Trainingfor the Oil and Gas Industries
ATTEND BOTH COURSES AND SAVE US$540 WITH THE JOINT ATTENDANCE DISCOUNT! (Check registration page for details)
OR MAKE AN EARLY BIRD BOOKING BEFORE 21 JANUARY OR 31 JULY 2010
COURSE OBJECTIVES:This course is designed to give delegates a comprehensive picture of the markets, risks and activities involved in the international trading of crude oil and refi ned products. It is presented through the medium of an international oil company and trading and hedging decisions are taken by delegates in the environment of live market conditions prevailing at the time of the course.
INTERNATIONAL OIL TRADING AND PRICE RISK MANAGEMENT (ITRM)
What will you learn? By the end of the course you will be able to:• Negotiate, cost and compare deals• Write a contract for the purchase and sale of crude oil and refi ned
products• Calculate freight costs using Worldscale and charter a ship• Trade futures, Singapore swaps and forward markets for hedging and
price risk management• Calculate the profi tability of deals• Identify price risk and hedge• Manage refi nery margin risk
You will understand:• How prices on the international free
markets are established and what infl uences the markets
• Crude oil and refi ned product pricing & trading
• How OTC markets trade• Basic options theory• Oil trade fi nance and documentation• The basic principles of management
control
ADVANCED PRICE RISK MANAGEMENT (APRM)
COURSE OBJECTIVES:This course is designed to build an in-depth understanding of hedging instruments and how to use them to manage the price risks involved in oil trading in different markets. Delegates will devise and discuss hedging strategies in a range of situations using exchange-traded and OTC instruments and examine the optionality inherent in the oil industry. Those attending this course should already understand the basic principles of identifying price exposure and hedging it with futures and basic swaps. Some knowledge of the physical oil market will also be assumed.
What will you learn? By the end of the course you will be able to:• Develop an options strategy• Analyse price charts• Examine and compare the cost and effectiveness of different hedging
instruments• How to execute exchange for physical and exchange for swap deals• How to choose between different hedging strategies in different
situations
You will understand:• How to quantify the risks in a portfolio• The structures of OTC instruments
including exotics• Options theory and the factors
determining options prices• The optionality inherent in physical oil
trading• Management control
Daniel Carr is the European Representative of the HKMEx and previously was Vice President - International Affairs for the New York Mercantile Exchange. Prior to joining NYMEX he spent thirteen years as a crude oil and refi ned products trader with Mabanaft before moving on to be a director of ED&F Man’s oil futures broking division, working in both London and New York. Daniel was also a director of the International Petroleum Exchange (now ICE). Sally Clubley has been a freelance consultant specialising in price risk management, since 1989. Previously, she was a futures broker with ED&F Man, becoming the director of the oil division in London. During her time there she was on the board of the IPE. Prior to that she was technology editor of European Chemical News. She is the author of “Trading in Oil Futures and Options”.Howard Skipp started his career with Shell as a refi nery engineer and had a variety of oil supply, trading and marketing jobs in Europe, Malaysia and Korea. These involved supply/refi ning, international oil trading teams and marketing of aviation fuel, marine fuels and marine lubricants. His career also included recruitment for Shell International and running the training programmes for Shell’s international oil trading.
Options• Options theory• Hedging with options• Option strategies• Option pricing • Optionality in oil tradingTrading Controls• Value at risk• Management/trading control• Manual of policies and authorities
PLUS TRADING EXERCISES THROUGHOUT THE TWO DAYS
Introduction & Review• Financial exposure• Swaps & swap contracts• Oil futures contracts• HedgingRisk Management Instruments• Differential swaps• Clearing & exchanges• Comparison of instruments• Exotics and embedded options
International Crude Oil Trading• Brent/BFOE/Dubai markets• DFLs/CFDsTechnical Analysis• Charts• Mathematical indicatorsRisk Management & Techniques• EFP’s & EFS’s• Price fi xation• Freight forward agreements
ADVANCED PRICE RISK MANAGEMENT
Course Dates: 7 - 8 October 2010 • Sheraton Towers Singapore
Introductory Material• Introduction to trading and
markets• Price reportingProducts Trading and Chartering• Mechanics of trading products• Freight costs• Oil broking• Chartering• Costings• Comparing alternative outletsRisk and Exposure• Risks in trading
• Price exposure Risk Management Instruments• Futures markets• Forward markets• OTC instruments• Introduction to Options• Comparison of instrumentsRisk Management Techniques• Hedging with futures• Hedging with swaps• Spread trading• Refi nery margin management
Crude Oil Trading• International pricing of crude oils• Trading BFOE and DFL/CFDs Performance and Credit• Client/counterpart risk• DocumentationContracts• Negotiating a deal• Writing a contract• Legal issues• TenderingTrading Controls• Management of trading activities
PLUS “LIVE” TRADING EXERCISES DURING COURSE
BOOKABLE SEPARATELY
INTERNATIONAL OIL TRADING AND PRICE RISK MANAGEMENTCourse Dates: 1 - 3 March 2010 • Marina Mandarin Singapore & 4 - 6 October 2010 • Sheraton Towers Singapore
ITRM/APRM PAST PARTICIPATING COMPANIES
Acanthus Petroleum • ADNOC Distribution • Akron Trade And Transport • ANZ Banking Group • AP Oil International Ltd • Argus Media Ltd • Astmax Co Ltd • Bellbrook (International) Ltd • BP China • Caltex International Pte Ltd • Cargill International Trading Pte Ltd • CCC Chemical Commerce Co Ltd • Chevron U.S.A Inc (Singapore Branch) • ChevronTexaco Global Trading • ConocoPhillips • China Offshore Oil (S) Int’l Pte Ltd • Citibank • CNODC • CNOOC Ltd • Concord Energy Pte Ltd • Dong Yuan International Ltd • Dubai Multi Commodities Centre • Emirates General Petroleum Corp (EMARAT) • ENOC Supply & Trading LLC • Essar • Exxonmobil Asia Pacifi c Pte Ltd • ExxonMobil Aviation International-Asia Pacifi c • ExxonMobil Marine Fuels • FAMM • Far East Oil Terminal Two (M) Sdn Bhd • Galana Oil Kenya Ltd • Galaxis Advisory LLC • Ginga Petroleum Pte Ltd • Global Energy Resources Pte Ltd • Global Manor International • GS Caltex Corporation • Gulf Petrol Supplies (L.L.C) • Gulf Energy Ltd • Hass Petroleum (K) Ltd • Hindustan Petroleum Corporation Ltd • Hyundai Oilbank Company Ltd • InterOil Corp. • Itochu Petroleum Co (S) Pte Ltd • KIC Oil & Gas Sdn Bhd • Koch Refi ning International • Kuwait Petroleum Corporation • Lukoil Asia Pacifi c Pte Ltd • Marathon International Petroleum Ltd • Masefi eld • Metro PL International • Mitsui Oil (Asia) Pte Ltd • Morgan Stanley • Neptune Orient Lines Ltd • Nexen Marketing Singapore Pte Ltd • Pertamina Energy Services Pte Ltd • Petro Progress Pte Ltd • Petroliem Nasional Berhad • Petron Corporation • Petronas • PetroSA • Pilipinas Shell Petroleum Corp. • Prestige Marine Services Pte Ltd • PT Exspan Nusantara • PT Tranaco Utama • Qatar Petroleum • PTT Exploration & Production Public Co • Raffemet • Reliance Industries (ME) • Reuters Asia Pte Ltd • Sabah Shell Petroleum • Santos Ltd • Sarawak Shell Bhd • Saudi Aramco • Saudi Petroleum Ltd • Senoko Power Ltd • Shell Australia • Shell Chemical Japan • Shell Hong Kong Ltd • Shell International Eastern Trading Co • Shell International Trading Company Ltd (SITME) • Shell Malaysia Trading Sdn Bhd • Shell Marine Products • Shell Oil Products – East • Shell Taiwan Ltd • Shell Trading • Showa Shell Sekiyu K.K. • Singapore Refi ning • Singapore Petroleum Co Ltd • SK Corporation • S-Oil Corporation • Swiss Singapore Overseas Enterprises Pte Ltd • Total Trading • Titan Petchem (M) Sdn Bhd • United Bunkering & Trading (Asia) Pte Ltd • Unocal Thailand Ltd • Valco Corporation • Viewsino • Vitol Asia Pte Ltd • Woodside Energy Ltd
COURSE OUTLINES
BOOKABLE SEPARATELY
FORTHCOMING INVINCIBLE EVENTS FOR 2010New in Singapore, Invincible’s course on
“OIL OPERATIONS & LOGISTICS” (OOL)10 - 12 May 2010 (Marina Mandarin Singapore)
This course is designed to give delegates a comprehensive picture of the importance of operations in the international trading of crude oil and refi ned products. Delegates will learn the role of operations in the overall downstream supply chain and how to take the most cost-effective decisions in the areas under their control. Exercises are used throughout the course to demonstrate the effect prices and freight rates have on decisions taken and how profi t leakage can be understood and controlled.
OTHER FORTHCOMING EVENTS Economics of Refi ning & Oil Quality, 13 - 14 May 2010 (Marina Mandarin SIngapore)
The Conference Connection GroupConference Connection specialises in producing and managing high profi le international meetings for the oil & gas industries and other business sectors internationally. Dedicated to providing an independent platform for interaction and discussion of the latest business & industry strategies, it strives to combine excellence and professionalism through linkage with inter-governmental, professional and industry groups worldwide. For a full list of conferences, courses and other activities, please visit its website at www.cconnection.org
Booking Form
Name Title
Company
Address
Telephone Fax
Code
Invincible Energy, Westport House, Bentley, Farnham, Surrey, GU10 5HY, United KingdomTel: +44 1420 22862 Fax: +44 1420 22863 E-mail: [email protected] www.invincible-energy.com
Registration Details
To register for the course, please fi ll out the form below and fax to:
Conference Connection Administrators Pte Ltd ROC No. 199405166R135 Middle Road #05-01 Bylands Building Singapore 188975Tel: 65-63380064 Fax: 65-63384090 E Mail: [email protected] www.cconnection.org Or alternatively Anne Barton - Invincible Energy, Westport House, Bentley, Farnham, Surrey, GU10 5HY, United KingdomTel: +44 1420 22862 Fax: +44 1420 22863 E-mail: [email protected] www.invincible-energy.com
(Please use block capitals)
Registration Conditions• All registrations must be on the prescribed form or in writing and will be on a confi rmed basis
unless otherwise notifi ed in writing• The organisers reserve the right not to accept prior and on-site registrations without payment.
Delegates whose payments are not received before the event are required to furnish proof of payment on-site
• Staff at the event will request a credit card guarantee without proof of payment• The organizers reserve the right to impose conditions of entry for walk-in delegates.
Payments• All payments must be made in US Dollars by Inter-Bank Transfers within 14 days of receipt of
invoice (Bank details will be provided upon receipt of registration).• Please quote event name, invoice number and delegate name for bank transfers. Please instruct
your bank to remit the full amount, nett of bank charges.
Cancellation and Substitution Policy• No refunds whatsoever will be made for cancellations received 14 days or less before the course
start date, but delegates can be substituted if the organisers receive prior notifi cation. Invoiced but unpaid registrations, will be charged at 50% of the invoiced fee.
• Cancellations received 15-21 days prior to the start of the course will be subject to a 10% fee.
Hotel AccommodationDelegates will be responsible for their own hotel and visa arrangements.
Disclaimer:The organisers will not accept liability for non-approval of visas, individual transport delays and transport disruption, and in such circumstances, our normal cancellation rules and penalties apply. Where matters beyond the reasonable control of the organisers impair or prevent the organisers from being able to perform their obligation under this event, the client releases the organisers from any liability, incidental or consequential, to such matters.
Singapore ITRM CA 261/262/10 APRM CA 263/10 WB
ITRM International Oil Trading and Price Risk Management 1 - 3 March & October 2010 • Marina Mandarin Singapore 4 - 6 October 2010 • Sheraton Towers Singapore Full Fee : US$3245 per person Team Fee : US$2920 per person, for the second & subsequent delegate Early Bird Fee : US$2920 per person (payment by 21 January for March dates & 31 July for October dates)
APRM Advanced Price Risk Management 7 - 8 October 2010 • Sheraton Towers Singapore Full Fee : US$2160 per person Team Fee : US$1945 per person, for the second & subsequent delegate Early Bird Fee : US$1945 per person (payment by 31 July 2010)
JOINT ATTENDANCE DISCOUNT Joint Attendance Fee: US$4865 per person for any two of the following events: ITRM APRM OOL RFT
MAXIMUM FLEXIBILITYCompanies may nominate different participants to attend the courses and still benefi t from the joint attendance discount.
Please contact us for details of further group discounts
HOTEL ACCOMMODATION & VENUEMarina Mandarin Singapore, 5 Raffl es Boulevard Marina Square Singapore 039594. Tel: +65 68451000 Fax: +65 68451001 Email: [email protected] Towers Singapore, 39 Scotts Road Singapore 228230. Tel: +65 67376888 Fax: +65 67371072
I require accommodation (Please Tick ✔)
FUELS BLENDING
TECHNOLOGY & ECONOMICS
BUNKER FUEL BLENDING
BUNKERING DISPUTES
CRUDE TO BUNKERS
FUJAIRAH BUNKERING & FUEL
OIL FORUM
BUNKER & FUEL OIL EVENTS
PROUDLY BROUGHT TO YOU BY:
2010
KEY ISSUES TO BE COVERED
COURSE DIRECTOR
ARA BARSAMIANPresident, Refinery Automation Institute, LLC
• Gasoline and Diesel Specifications• Bio-Blendstocks, Bio-Fuels, Wells-to-Wheels
Life-Cycle, Sustainability• Refining and Trading Blend Components and
Properties, and Additives• Determining “Blendability” of Components (buy/
no buy decision)• Determining Blendstock prices• Calculation of Blend Gross Profit• Practical Blending Equipment and Software• Ethanol and Bio-Diesel Properties and Blending
Techniques• Calculating Costs/Benefits of Improved Blending
• Blend Performance Monitoring and Troubleshooting
• Blending Control and Blend Profit Optimization Techniques, and Off-line/On-line Optimization
• Blending Non-linear Property Correlation Equations and Their Impact on Profit
• Quality Assurance, ASTM Test Methods, Lab Testing, On-line Analyzers, On-line Certification, and Dispute Resolution
• Environmental Specs, and the Use of EPA Complex Model to measure environmental Compliance
• References, Glossary of Blending Terms, and Other Material
13-15 October 2010, Hilton Hotel, Singapore
Register at our website www.cconnection.org
A unique and insightful course with practical knowledge, and hands-on solutions giving you the competitive edge on
FUELS BLENDING
Free take-home blending software
• Gasoline Linear/Nonlinear Property Calculators for Octanes, RVP, and Distillation• Diesel Linear/Nonlinear Property Calculators for Cetanes, Cold Properties, Viscosity,
and Distillation• Complete Gasoline and Diesel Linear Blending Spreadsheet with Component Data
Base and Specs• Monthly Gasoline BLEND Planner Spreadsheet• US EPA Complex Model Emissions Calculator• Gasoline and Diesel Blend Optimizers (HPI Demo Software)• Ethanol Blends Property Estimate Calculator
PLUS!
Organised by:
TECHNOLOGY AND ECONOMICS
GASOLINE • DIESEL
SAVE
US$ 300!
on early bird and team
fees. See registration
form for details
PAST PARTICIPATING COMPANIES• ADNOC (Takreer) • BGK (Bana Gostar Karane) • BP Spore • Chevron USA • ConocoPhillips • CPC Corporation • Curoil • NV Emirates General Petroleum (Emarat) • Enoc Supply & Trading • Global Energy Resources • Independent Petroleum Group • Infineum Singapore • IRPC • Kuwait Institute for Scientific Research • Kuwait Petroleum Corporation • MENA Energy DMCC • Middle East Energy • Naval Mexicana • Oiltanking Singapore • Petron Corp • Petronas • P T Pertamina Persoro • PTT International Trading • PTT Public Company • Qatar Shell • Reliance Industries • Safra Co. • SK Energy • Singapore Refining Company • S-Oil Corp • Sojitz Petroleum • Technix Group • TOTAL Trading • Toyota Tsusho Petroleum • United Overseas Bank • UNITERMINALS • Vopak Terminals •
• Immediate use of course know-how upon return home, reinforced by hands-on exercises, case studies, and take home materials (coursebook, references, and blending exercises software)
• Obtain an understanding of the conventional and green fuels blending business, economics, and technology• Understand the role of blending in the overall operation and profitability of the refinery or independent terminal• Appreciate the impact of environmental specifications on complicating blending operations
WHY YOU SHOULD ATTEND
The Conference Connection Group runs international flagship events, focusing on the global oil markets in Asia, Australasia, South Asia, the Gulf/Middle East, Europe and North America. Its short courses, briefings and country workshops, organized with leading industry think-tanks, professional and advisory groups, provide intensive learning opportunities and practical solutions on a wide variety of subjects including petroleum/tanker economics, risk analysis, oil trading, price risk management, international fiscal systems for oil and gas, host government contracts, gas sale contracts, valuation and sale and purchase of oil and gas assets, crude oil marketing, bunker fuels, supply chain management/logistics and downstream retail markets. Since its inception, the Group has an extensive track record of over 2000 event days, with successful and long-running flagship events, annual country and product specific conferences, short courses and briefings attended by a global audience, with senior executives and specialists from a wide spectrum of leading edge organizations representing commerce, industry and the professions. For a full list of courses, conferences, queries and registrations, please email: [email protected] or visit: www.cconnection.org.
The program content is designed for organizations in the petroleum refining, fuel/product trading, petrochemical and automotive industries, refinery instrumentation and automation, refined product marketing, storage terminal operators, bunker operators, and government agencies responsible for fuel regulations. A scientific background IS NOT REQUIRED.
It will be especially useful for the following personnel/positions in:• Middle and Senior Management: VP, General Manager,
Superintendent, Manager• Engineers: Blending, Planning, Process, Facilities Planning, Analyzer,
Auto Industry Fuels • Traders: Products, Blendstocks, Renewables, Fuels, Bunker/Marine
• Refineries: Planners, Operators, Supervisors, Chemists, Lab Personnel and Research
• Biofuels: Producers, Blenders • Analysts: Financial, Business, Commercial • State and Regional Environmental Protection Agencies • Policy Makers and Legislators involved in Energy and Environmental Sectors
WHO SHOULD ATTEND
ABOUT THE ORGANIZER
Ara Barsamian has 40 years of practical, “oil on his hands” experience in blending gasoline, diesel and bunkers, including biofuels. Currently, Ara is President of Refinery Automation Institute, LLC (RAIL), a fuels blending automation consulting company in Morristown, New Jersey, USA. Ara, the developer of the blending course, is one of the world’s leading experts in blending operations and technology. His 40 years of hands-on experience in the petroleum refining industry, particularly in computer-controlled optimized blending, oil movements and tank farm automation ensures that you get valuable “how-to” insights for headache-free fuels blending. He designed, implemented, started up and commissioned over 60 blending and oil movement systems in the U.S., Europe, South America, the Middle East and Asia. Previously, he was a group head and section head with Exxon Research and Engineering Company, President of 3X Corporation, and Vice President of ABB Simcon, all in the area of blending automation and optimization. He is an active member of ASTM, ISA, ILTA, and AIChE, participating in committee/subcommittee work relevant to blending and offsites
automation equipment, software, installation, and measurements test standards and practices. Ara holds B.S. and M.S. degrees in Electrical Engineering from City University of New York.
CERTIFICATE OF ATTENDANCE
All participants who successfully complete the full 3-day course will be
given a Certificate of Attendance.
TESTIMONIALS“(The instructor was) very knowledgeable”“(Ara Barsamian had a) wealth of experience to share”“(The primary strength of the instructor was) the ease and simplicity in which the message is conveyed across to the students”“The course material is excellent”
“(The strengths were) the lecturer’s knowledge and flexibility, his experience and knowledge”“Comprehensive material and useful equations/excel sheets for blending”“(Ara Barsamian was) patient, knowledgeable & experienced. He has the power to explain & convey the information”
ABOUT YOUR COURSE DIRECTOR
ABOUT THIS COURSE The introduction of new types of “Green” gasolines and diesels such as ethanol blends (E5, E10, CBOB, RBOB), ultra low sulfur diesel (ULSD), first and second generation biodiesels (B2-20), and possibly “cleaner” bunkers to the worldwide fuels markets has turned blending into a highly technical process. Furthermore, because of the 30 plus specifications that must be met simultaneously, the difficulty of formulating gasoline and diesel blends has been expanded by several orders of magnitude. This three-day course is designed to provide a comprehensive overview and discussion of gasoline and diesel blending techniques, technology and cost/benefits. It addresses contemporary issues such as the latest specifications, ultra low sulfur fuels, impact of Ethanol and Bio-Diesel blending, and environmental impact of various gasoline and diesel specifications. Case studies are used to illustrate the relative importance of each aspect of the fuels blending operation, together with specific exercises. This program allows participants to interact closely with both the speaker and others in attendance to exchange ideas on blending techniques. Attendees will receive a 500+ page coursebook and free take-home blending software that will be used for hands-on class exercises. The Fuel Blending Course was first launched in 2009 and held in Singapore and Dubai to sold out audiences. A separate two-day course on bunker fuels blending is also available in two venues in 2010. Visit www.cconnection.org for further details.
It is recommended that all delegates bring a Laptop with Microsoft Excel 2003
software and the SOLVER add-in software already installed for this course.
Copyright © Conference Connection Administrators Pte Ltd. All rights reserved. The organizers reserve the right to alter the content and timing of the programme.
FUELS BLENDING COURSE OUTLINE
INTRODUCTION TO BLENDING • Overview of course • Definitions of Fuels Blending Terminology • Fuel Trends: Green Fuels, Renewable Fuels, Low carbon Fuels
Standards, Sustainability • Types of Blending > Sequential; Tank to Tank; In-Line Blending > Linear vs. Non-Linear Blending
GASOLINE SPECIFICATIONS, COMPONENTS, AND ADDITIVES • Specs for Conventional Gasoline, RFG, RBOB, CBOB, E5, E10,… • Blendstock Components and Typical Properties • “Green” Blendstock Components: Bio-Ethanol, Bio-ETBE, and
Typical Properties • Additives, Detergents, Dyes • Linear/Non-Linear Property Blending • Component Interactions and Effects on Specs
TYPICAL BLENDING EQUIPMENT AND SOFTWARE • In-Line Blenders • Dye and Additive Injection Systems • On-Line Analyzers (Conventional, NIR, NMR, Raman) for Octane,
RVP, Dist, Sulfur • Remote Operated Equipment (MOV, Pumps) • Tank Gauging (Float, Servo, Radar) & Typical Performance • DCS & Blending Software (Planning, Control, On-Line Optimization)
WALK-THRU A MODERN AUTOMATIC BLENDING SYSTEM, STEP-BY-STEP
BLENDING EXERCISES (Bring your own Laptop Computer) • Linear MON Calculators • Non-Linear RON Calculators • Linear & Non-Linear Blending Calculators • Comparing Linear/Non-Linear Results
Q&A SESSION
BLENDING ECONOMICS, AND CALCULATIONS • Calculation of Blend Profit • Maximizing Blend Profit Using Optimizers • Prices: Sources or Calculations for Component and Product Prices • Hands-On Demos of Blend Components Price Estimator • Fundamental Equations Defining a Blend • Tank and Header Quality Integration • Typical Property Correlation Equations for Octane, RVP,
Distillation, Sulfur, etc. • Setting Blend Targets (specs)
BLEND CONTROL AND OPTIMIZATION • Defining control and optimization • Hierarchy of blend control & optimization • Long and Short Term Planning of Blends > Multi and Single Blend Optimizers • Blend Control > Manual (eyeball) control > Automatic Blend Ratio Control > Property Control and Optimization • Blend Documentation/KPI Reports
EXERCISES USING BLEND OPTIMIZER
QUALITY ASSURANCE • Laboratory Measurements > Sampling Methods per ASTM > ASTM Test Methods for Gasoline > ASTM Test Methods Precision > Standard and Reference Fuels, Protofuels • On-Line Analyzers > Types (Discrete, NIR, NMR, etc) > Advantages vs. Single Lab Analysis > Improving Measurements with ASTM 2885/3764 Test
Methods
• Modelling NIR Analyzers • Analyzer Performance and Statistical Quality • Criteria for On-Line Certification • Dispute Resolution using Reproducibility
IN-LINE BLEND CERTIFICATION (ILBC) • EPA requirements for ILBR/C • Typical designs to meet EPA requirements • Typical implementations • Benefits of ILBC
CLEAN FUELS AND ENVIRONMENTAL ISSUES • Renewable Fuels Standards in USA and EU • “Green” Fuels and Sustainability • Current Environmental Contaminant Reduction Specs and
Determining Compliance > Nox, Tox, VOC reductions > Sulfur Reduction with Tier 2 > GHG reduction with Oxygenates • EPA Complex Model > Distillation, S, etc. & Typical Performance
EXERCISES USING EPA COMPLEX MODEL
ETHANOL BLENDING • Renewable Fuels Standards (RFS) and Ethanol • Ethanol Gasoline blend types (RBOB, CBOB, E-x) • Fuel grade Ethanol blending properties • Blending methods: Splash and Match Blending • Ethanol Non-Linear Property Correlations
EXERCISES USING ETHANOL BLEND CALCULATOR
Q&A SESSION
DIESEL FUELS • Review typical HS, LS, ULSD specs, blendstocks, and typical
properties • Typical Property Correlation Equations for Cetane, Index, Dist, CP,
FP, CFPP, etc. • ASTM Test Methods, Lab Testing, and On-line Analyzers for Diesel
Blending • Bio-Diesel, “Green” Diesel and Specs (1st and 2nd generation) and
Blending • Demos and Hands-on Exercises of Diesel Blending Tools
DIESEL BLENDING EXERCISES • Linear Diesel Blend Calculator • Non-Linear Cetane, Distillation, Viscosity, Cold Properties
Calculators • Diesel blending optimizer (demo)
Q&A SESSION
BENEFITS OF IN-LINE BLENDING OF FUELS • Typical Study Methodology and Steps to Estimate In-Line Blending
Benefits • Benefits Calculation Methodology > Inventory Reduction > Quality Giveaway Minimization > Use of Least Expensive Components > Tankage Minimization
BLENDING REFERENCES • Blending Glossary of Terms • List of Equipment & Software Vendors • Relevant ISO and ASTM Standards • Web Sites
OPEN FORUM Q&A SESSION
Registration will begin on Day 1 at 8.00am. Sessions start promptly at 9.00am and end approximately at 5.00pm.Lunch will be between 12.30pm and 2.00pm with mid-morning and mid-afternoon refreshments.
Singapore: October 13-15, 2010 (Three-Day format). Hilton Hotel.
DATES & VENUESSingapore: October 13-15, 2010(Three-Day format) Hilton Hotel, Singapore581 Orchard Road, Singapore 238883Tel: +65 6730 3306 Fax: +65 6738 5798
REGISTRATION FEES
All discounts are mutually exclusive.
Fees include daily luncheon and coffee breaks and one set of course documentation. Travel and accommodation costs are not included.
ENQUIRIES & REGISTRATIONS TOConference Connection Administrators Pte Ltd/FBTE Secretariat at: 135 Middle Road, #05-01 Bylands Building, Singapore 188975Tel: + 65 6338 0064 Fax: + 65 6338 4090Email: [email protected]
REGISTRATION CONDITIONS• All registrations must be on the prescribed form or in writing and will be on a confirmed basis unless otherwise notified in writing
• The organisers reserve the right not to accept prior and on-site registrations without payment • Delegates whose payments are not received before the event are required to furnish proof of payment on-site• Staff at the event will request a credit card guarantee without proof of payment• The organizers reserve the right to impose conditions of entry for walk-in delegates• Access to this event is at the discretion of Conference Connection, who reserve the right to refuse or impose conditions of entry to any individual or company.
PAYMENTS• All payments must be made in US Dollars by Inter-Bank Transfers within 14 days of receipt of invoice (Bank details will be provided upon receipt of registration).• Please quote event name, invoice number and delegate name for bank transfers. Please instruct your bank to remit the full amount, nett of bank charges.
HOTEL ACCOMMODATION AND VISASDelegates will be responsible for their own hotel bookings. Special rates will be secured at the venue hotel for registered delegates. For rates and information on visas please request for a hotel form.
CANCELLATION & SUBSTITUTION POLICY• No refunds whatsoever will be made for cancellations received after the cut-off dates below, but delegates can be substituted if the organisers receive prior notification:
• Cancellations, notified in writing, received and acknowledged before 1st cut off date will be levied an administrative fee of 5% for paid cancellations and 10% for unpaid cancellations.
• For unpaid registrations which have been invoiced and are subsequently cancelled after 2nd cut off date, 50% of the invoiced fee will be charged and one set of the presentation materials will be given (post event).
DISCLAIMER: The organisers will not accept liability for non-approval of visas, individual transport delays and transport disruption, and in such circumstances, our normal cancellation rules and penalties apply. Where matters beyond the reasonable control of the organisers impair or prevent the organisers from being able to perform their obligation under this event, the client releases the organisers from any liability, incidental or consequential, to such matters.
REGISTRATION FORM
FUELS BLENDING TECHNOLOGY AND ECONOMICS
THIS CONTAINS YOUR UNIQUE REGISTRATION REFERENCEPLEASE DO NOT REMOVE MAILING LABEL
Please Tick ( ✔ ) accordingly:
1. Registration Fees
Full Fee: US$2,695
Early Bird Fee: US$2,395
Team Fee: US$2,395 (For the second and subsequent delegate from the same company and billing address. Registrations must be received and invoiced together to qualify for this fee)
2. Payment
I am sending payment by telegraphic transfer. Please send full details.
I will need an original invoice.
3. Accommodation
Please send me a hotel/visa form.
(For
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CA/273/10 WB
Please complete and return to:Conference Connection Administrators Pte Ltd / FBTE Secretariat at 135 Middle Road #05-01 Bylands Building, Singapore 188975. Tel: + 65 6338 0064, Fax: +65 6338 4090 Email: [email protected]
5EASY WAYS TO REGISTER
Conference Connection Administrators Pte Ltd135 Middle Road, #05-01 Bylands Building, Singapore 188975(ROC No. 199405166R)
PHONESingapore (65) 6338 0064
FAXSingapore (65) 6338 4090
ON-LINEwww.cconnection.org
Singapore (Three-Day Format) Fees (per person)
Full Fee : US$2,695
Early Bird Fee (payment by September 01, 2010) :
US$2,395
Team Fee (for the second and subsequent delegate from the same company and billing address. Registrations must be received and invoiced together to qualify for this fee.) :
US$2,395
ALL REGISTRATIONS MUST BE ACCOMPANIED BY PAYMENTYes! Please register me for the course in:
Singapore, October 13-15 2010.
Venue 1st CancellationCut Off Date (PaidRegistrations - 5%of fee & UnpaidRegistrations - 10% of fee)
2nd Cancellation CutOff Date (50% Refundplus Workbook)
Singapore22 September 2010
29 September 2010
Name (Mr/Ms/Dr/Others)
Position
Company
Address
Country Postal/Zip Code
Tel Fax
Name of Approving Manager (Mr/Ms/Dr)
Position
Main Business Activity
Key issues to be covered
Reg i s t eR at ouR webs i t e www.CCoNNeCt ioN .oRg
receive the free taKe-home blending software developed by ara barsamian!• BunkerLinear/NonlinearPropertyCalculatorsforIgnitionQuality,ColdProperties,Viscosity
• CompleteBunkerLinearBlendingSpreadsheetwithComponentDataBaseandSpecs
• BunkerBlendOptimizersDemos(softwarecourtesyofHPIConsultants)
Plus!
ALL NEW! A path breaking two-day course with hands-on blending exercises specially for Bunker Industry Professionals
SAVE US$200!
if you register with payment during the
early bird dates or register a 2nd person!
(See back page for details)
BUNKER FUEL BLENDINGtEchNoLoGy aND EcoNomIcs
Course DireCtor
ArA BArsAmiAnPresident, refinery Automation institute, LLC
18-19 OctOBer 2010, HiLtOn HOteL, singApOre15-16 nOvemBer 2010, HOteL nOvOteL rOtterdAm BrAinpArK,rOtterdAm, tHe netHerLAnds
Organized By:
Media Sponsor:
• TheRoleofMarineBunkersintheWorldEconomy,andImpactofNewRegulations
• ConventionalBunkerandMarineDiesel/GasoilProductSpecifications,CurrentandFuture
• BunkerBlendComponentsandAdditives
• CalculatingBunkerBlendProfitability
• DeterminingBlendabilityofComponents
• PracticalandReliableBlendingEquipmentandSoftware
• BlendingControlandBlendProfitOptimizationTechniques
• BlendingNon-linearPropertyCorrelationEquationsandtheirImpactonProfit
• QualityAssurance,ASTMandISOTestMethods,LabTesting,On-lineAnalyzers,andOn-lineCertification
• WhatareGREENFuels:Bio-blendstocks,Bio-FuelsSpecifications,EmissionsPerformance,SustainabilityandWells-to-WheelsLifecycles
• PollutionReduction:Scrubbersvs.CleanerFuels
• MeasuringEnvironmentalCompliance
• CalculatingCosts/BenefitsofImprovedBlending
• BlendingEconomicPerformanceMonitoringandTroubleshooting
• References,GlossaryofBlendingTerms,andSupportingMaterial
** 30% MCF CourseFee Subsidy Available.
For the Singapore VenueTerms & Conditions Apply.
Choose from Key International Bunker Locations:Singapore, 18-19 October 2010Rotterdam, The Netherlands, 15-16 November 2010This two-daycourse isdesigned toprovideacomprehensiveoverviewanddiscussionofMarineBunkerblendingtechniques,technologyandcost/benefits.ItaddressescontemporaryissuessuchasthelatestISOMarineBunkerspecifications,includingtheimpactofnewlowerMARPOLVISulfurlimits, reductions inNOxandParticulateMatter (PM), theuseofBio-Dieselblending to lowerallemissions,includingGHG’s,andalternativetechnologiessuchasscrubberstocomplywithmorestringentbunkeremissionsspecifications.Casestudiesareusedtoillustratetherelativeimportanceofeachaspectofthefuelsblendingoperation,togetherwithspecificexercises.
ABOUT THE BUNKER FUEL BLENDING COURSE
Thisprogramallowsparticipantstointeractcloselywithboththespeakerandothersinattendancetoexchangeideasonblendingtechniques.Attendeeswillreceivea200+pagecoursebookandfreetake-homeblendingsoftwarethatwillbeusedforhands-onclassexercises.
In order to get the maximum benefit, participants should bring their own laptop with Microsoft Excel (2003 or earlier) with the SOLVER add-in software installed for this course.
STUDY AIDS
Immediate use of course know-howupon returnhome, reinforcedbyhands-on exercises, casestudies,andtakehomematerials(coursebook,references,andblendingexercisessoftware)
Obtain an understandingoftheconventionalandgreenfuelsblendingbusiness,economics,andtechnology
Understand the role of bunker blending in the overall operation and profitability of the refinery,independentterminal,ortradinghouse
Appreciate the impactofenvironmentalspecsoncomplicatingblendingoperations
WHY YOU SHOULD ATTEND
It will be especially useful for:• TradersandAnalysts(BunkerProducts,Blendstocks,Renewables,CleanProducts)
• BunkerBlendingEngineers/Planners• Bunker/MarineFuelsMarketeers• BunkerBlendingOperatosr(board,field)• Planning/ProcessEngineer• FacilitiesPlanningAnalyzers/Engineers• MarineShippingIndustryFuelsEngineers• BiofuelsProducersandBlenders
• FuelsResearchManagers• FuelsMarketersandTraders• SeniorOperators/ShiftSupervisors• ProductCoordinators• RefineryTerminalPlannersandManagers• RefineryLabPersonnel/Chemists• CommercialBusinessAnalysts• GovernmentEnvironmentalProtectionAgencies• PolicyMakersandLegislators• FinanciersofBlendingPlants/Facilities
WHO SHOULD ATTENDTheprogramcontentisdesignedforthoseinvolvedinthebunkerproduction,bunkeringoperations,petroleumrefining,bunkerproducttradinggroups,marineshippingindustries,aswellaspersonnelfromrefineryinstrumentationandautomationcompanies,refinedproductmarketingorganizations,storage terminal operators, bunker operators, and government agencies responsible for fuelregulations.AscientificbackgroundISNOTREQUIRED.
CERTIFICATE OF ATTENDANCE
Allparticipantswhosuccessfullycompletethefull2-daycoursewillbegivena
CertificateofAttendance.
TESTIMONIALS“(The instructor was) very knowledgeable”
“(Ara Barsamian had a) wealth of experience to share”
“(The primary strength of the instructor was) the ease and simplicity in which the message is conveyed across to the students”
“The course material is excellent”
“(The strengths were) the lecturer’s knowledge and flexibility, his experience and knowledge”
“Comprehensive material and useful equations/excel sheets for blending”
“(Ara Barsamian was) patient, knowledgeable & experienced. He has the power to explain & convey the information”
Ara Barsamian has 40 yearsof practical, “oil on his hands”experience in blending gasoline,diesel and bunkers, includingbiofuels.Currently,AraisPresidentof Refinery Automation Institute,LLC (RAIL), a fuels blendingautomation consulting company
inMorristown,New Jersey, USA. Ara, the developer oftheblendingcourse,isoneoftheworld’sleadingexpertsin blending operations and technology. His 40 years ofhands-on experience in the petroleum refining industry,particularly in computer-controlled optimized blending,oil movements and tank farm automation insures thatyou get valuable “how-to” insights for headache-freefuelsblending.Hedesigned,implemented,startedupandcommissionedover60blendingandoilmovementsystemsin theU.S.,Europe,SouthAmerica, theMiddleEastandAsia.Previously,hewasagroupheadandsectionheadwithExxonResearchandEngineeringCompany,Presidentof3XCorporation,andVicePresidentofABBSimcon,allintheareaofblendingautomationandoptimization.HeisanactivememberofASTM,ISA,ILTA,andAIChE,participatingincommittee/subcommitteeworkrelevanttoblendingandoffsitesautomationequipment,software,installation,andmeasurements test standards and practices. Ara holdsB.S.andM.S.degreesinElectricalEngineeringfromCityUniversityofNewYork.
ABOUT YOUR COURSE DIRECTOR
PAST PARTICIPATING COMPANIES AT OUR FUEL BLENDING COURSES• ADNOC (Takreer) • Al Ghurair Group • BP • BGK (Bana Gostar Karane) • Chevron USA •ConocoPhillips•CuroilNV,NavalMexicana•EmiratesGeneralPetroleum(Emarat)•EnocSupply&Trading•GlobalEnergyResources•IndependentPetroleumGroup•InfineumSingapore•IRPC•Kuwait InstituteforScientificResearch•KuwaitPetroleumCorporation•MENAEnergyDMCC•MiddleEastEnergy•OiltankingSingapore•Petronas•PTTInternationalTrading•PTTPublicCompany•PTPertaminaPersoro•QatarShell•Reliance Industries•SafraCo.•SingaporeRefiningCompany•SKEnergy•Sojitz Petroleum•TechnixGroup•TOTALTrading•ToyotoTsusho•UNITERMINALS•UnitedOverseasBank•VopakTerminals
30% COURSE SUBSIDYUNDER THE MARITIME CLUSTER FUND FOR THE SINGAPORE VENUE ONLY
Applyfora30%subsidyonregistrationfeesundertheMaritimeClusterFund.CallusatTel:65-63380064oremailusat
info@cconnection.orgtogetmoredetailsoneligibilitytermsandtheapplicationform.(OnlyappliesfortheSingaporevenue
andtoSingaporeansandPermanentResidents)
Attend the only Two-day Course of its kind in the region. Choose from two key Global Bunker Locations
DAY ONEBuNKer FueL BLeNDiNG Course outLiNe
RegistrationwillbeginonDay1at8.00am.Sessionsstartpromptlyat9.00amandendapproximatelyat5.00pm.Lunchwillbebetween12.30pmand2.00pmwithmid-morningandmid-afternoonrefreshments.
Copyright©TheConferenceConnectionInc.andConferenceConnectionAdministratorsPteLtd.Allrightsreserved.Theorganizersreservetherighttoalterthecontentandtimingoftheprogramme.
INTRODUCTION TO BLENDING •OverviewofCourse •DefinitionsofBunkerBlendingTerminology •FuelTrends:GreenFuels,RenewableFuels,LowCarbonFuels Standards,Sustainability
•TypesofBlending >Sequential;TanktoTank;In-LineBlending,On-BoardBlending, BatchBlending
>Linearvs.Non-LinearBlending
BUNKER FUEL SPECIFICATIONS, COMPONENTS, AND ADDITIVES •ReviewTypicalISO8217-05Specsand2010updates •CriticalProperties:Viscosity,Density,Stability,andCompatibility •UnofficialBunkerSpecs:IgnitionQuality,Compatibilityand Stability
•Bunker“Environmental”Specs:MARPOLVIECA’s,SECA’s, NECA’s,etc
•Linear/Non-LinearPropertyBlending •ComponentInteractionsandEffectsonSpecs •SignificanceofBunkerFuelProperties •BunkerBlendstockComponentsandTypicalProperties •“Green”BlendstockComponents:Bio-Diesel,“Green”Diesel, andTypicalProperties
•Additives
BUNKER BLENDING SCHEMES •ShoreTankBlending(BatchorIn-Line) •On-BoardBlending(BatchorIn-Line) •RisksofManualBlending •AdditiveInjectionSystems •On-LineBunkerPropertyAnalyzers(Conventional,NIR,NMR)for Viscosity,Sulfur,CCAI,Compatibility
•SamplingEquipment •RemoteOperatedEquipment(MOV,Pumps) •TankGauging(Float,Servo,Radar)&TypicalPerformance •DCS&BlendingSoftware(Planning,Control,On-Line Optimization)
HANDS-ON BLENDING EXERCISES(BringyourownLaptopComputer) •LinearViscosityCalculators •Non-LinearViscosityCalculators •Linear&Non-LinearBunkerBlendingCalculators •ComparingLinear/Non-LinearResults
Q&A SESSION
BUNKER BLENDING THEORY AND CALCULATIONS •FundamentalEquationsDefiningaBlend •TankandHeaderQualityIntegration •TypicalPropertyCorrelationEquationsforCCAI,Visc,CP,FP, CFPP,etc. •SettingBlendTargets(Specs)
BUNKER BLENDING CONTROL AND OPTIMIZATION •DefiningControlandOptimization •HierarchyofBlendControl&Optimization •LongandShortTermPlanningofBlends >MultiandSingleBlendOptimizers •BlendControl >Manual(Eyeball)Control >AutomaticBlendRatioControl >PropertyControlandOptimization •BlendDocumentation/KPIReports
BUNKER BLENDING EXERCISES •BunkerBlendOptimizerDemo(courtesyofHPIConsultants)
QUALITY ASSURANCE •SamplingMethodsperASTMandISO >ManualSampling >AutomaticSampling >“Official”SamplesforDisputeResolution >MARPOLSampleRetentionRequirements •LaboratoryMeasurements >ISO/ASTMTestMethodsforBunkerFuelsandBlend Components
>ISO/ASTMTestMethodsPrecision >StandardandReferenceFuels,Protofuels •On-LineAnalyzers >Types(Discrete,NIR,NMR,etc) >Advantagesvs.SingleLabAnalysis >ImprovingMeasurementswithASTM2885/3764TestMethods •AnalyzerPerformanceandStatisticalQuality •CriteriaforOn-LineCertification •ISOSpecificationDisputeResolutionProcedures
ECONOMICS OF BUNKER BLENDING •SourcesofPricesforBlendComponentsandProducts •CalculationofBlendProfit •Valueof“Property”Giveawayvs.Specs •Example:BunkerViscosity“Giveaway”Cost •MaximizingBunkerBlendProfitUsingOptimizers
CLEAN FUELS AND ENVIRONMENTAL ISSUES •TypicalMarineBunkerEmissions •“Green”FuelsandSustainability •RenewableFuelsStandardsinUSAandEU •CurrentEnvironmentalContaminantReductionSpecsand DeterminingCompliance
>Sox,Nox,PM,GHGReductions >ScrubbingTechnologyforEmissionReduction >EconomicsofScrubbersvs.“Cleaner”MarineFuels(e.g.MGO, MDO,10ppmSULSD,etc.)
BUNKER BLENDING EXERCISES •LinearBunkerBlendCalculator •Non-LinearCCAI,Viscosity,ColdPropertiesCalculators •BunkerBlendOptimizerDemo(courtesyofHPIConsultants)
Q&A SESSION
ADVANTAGES OF IN-LINE BLENDING OF FUELS •BenefitsCalculationMethodology >InventoryReduction >QualityGiveawayMinimization >UseofLeastExpensiveComponents >TankageMinimization •TypicalIn-lineBlendingCostsandBenefits
BLENDING REFERENCES •BlendingGlossaryofTerms •ListofEquipment&SoftwareVendors •RelevantISOandASTMStandards •WebSites
OPEN FORUM Q&A SESSION
DAY TWO
DISCLAIMER: Theorganiserswillnotacceptliabilityfornon-approvalofvisas, individual transportdelaysandtransport disruption, and in such circumstances, ournormal cancellation rules and penalties apply.Wheremattersbeyondthereasonablecontroloftheorganisersimpair or prevent the organisers from being able toperform their obligation under this event, the clientreleasestheorganisersfromanyliability,incidentalorconsequential,tosuchmatters.
DATES & VENUES:Singapore, 18-19 Oct 2010HiltonHotel,Singapore581OrchardRoad,Singapore238883Tel:+6567303306Fax:+6567385798Rotterdam, The Netherlands, 15-16 Nov 2010NOVOTELRotterdamBrainparkK.P.vanderMandelelaan150,NL-3062MBRotterdamTel:+31102532526Fax:+3110253257
COURSE FEES:
Full Fee: US$2,195perpersonEarly Bird Fee: US$1,995Team Fee: US$1,995perperson for thesecondandsubsequent delegate from the same company andbilling address. To qualify for team fee, registrationshavetobereceivedatthesametime.Fees include daily luncheon and coffee breaks and one set of course documentation. Travel and accommodation costs are not included.
PAYMENTS:• AllpaymentsmustbemadeinUSDollarsbyInter-BankTransferswithin14daysofreceiptofinvoice(Bank details will be provided upon receipt ofregistration).
• Please quote event name, invoice number anddelegate name for bank transfers. Please instructyour bank to remit the full amount, nett of bankcharges.
ENQUIRIES & REGISTRATIONS TO:The Conference Connection Inc.Raffles City P O Box 1736, Singapore 911758 / Conference Connection Administrators Pte Ltd / FBTE Secretariat at: 135 Middle Road, #05-01 Bylands Building, Singapore 188975. Tel: +65 6338 0064 Fax: +65 6338 4090 Email: [email protected]
REGISTRATION CONDITIONS:• Allregistrationsmustbeontheprescribedformorinwritingandwillbeonaconfirmedbasisunlessotherwisenotifiedinwriting
• Theorganisersreservetherightnottoacceptpriorandon-siteregistrationswithoutpayment
• Delegateswhosepaymentsarenotreceivedbeforetheeventare required to furnishproofofpaymenton-site
• Staffattheeventwillrequestacreditcardguaranteewithoutproofofpayment
• Theorganizersreservetherighttoimposeconditionsofentryforwalk-indelegates
• AccesstothiseventisatthediscretionofConferenceConnection, who reserve the right to refuse orimpose conditions of entry to any individual orcompany.
HOTEL ACCOMMODATION:Delegateswill be responsible for their ownhotel andvisa arrangements. Special rates have been securedat the host hotel for all confirmed delegates. Pleaserequest for a hotel form (where confirmed) whenregistering.
CANCELLATION & SUBSTITUTION POLICY:• Norefundswhatsoeverwillbemadeforcancellationsreceivedafterthecut-offdatesbelow,butdelegatescan be substituted if the organisers receive priornotification.
• Cancellations, notified in writing, received andacknowledgedbefore1stcutoffdatewillbeleviedan administrative fee of 5% for paid cancellationsand10%forunpaidcancellations.
Venue 1st Cancellation Cut Off Date (Paid Registrations - 5% of fee & Unpaid Registrations - 10% of fee)
2nd Cancellation Cut Off Date (50% Refund plus Workbook)
Singapore 27 September 2010 4 October 2010
Rotterdam 25 October 2010 1 November 2010
5EASY WAYS TO REGISTER
*MAILThe Conference Connection Inc.Raffles City P O Box 1736, Singapore 911758 / Conference Connection Administrators Pte Ltd135 Middle Road, #05-01 Bylands Building, Singapore 188975(ROC No. 199405166R)
(PHONE(+65) 6338 0064
)FAX(+65) 6338 4090
:ON-LINEwww.cconnection.org
THIS CONTAINS YOUR UNIQUE REGISTRATION REFERENCEPLEASE DO NOT REMOVE MAILING LABEL
Please Tick ( 4 ) accordingly:
1. Registration Fees Full Fee: US$2,195 per person. Early Bird Fee: US$1,995. Registration and Payment by:
Singapore: 18 September 2010Rotterdam: 15 October 2010
Team Fee: US$1,995 per person for the second and subsequent delegate from the same company
2. Payment I am sending payment by telegraphic transfer. Please send full details. I will need an original invoice.
3. Accommodation Please send me a hotel/visa form.
4. In-house Training Please send me further information on in-house training
programmes. (For
more
than o
ne de
legate
, plea
se ph
otoco
py th
e reg
istrat
ion fo
rm)
ALL REGISTRATIONS MUST BE ACCOMPANIED BY PAYMENT Yes! Please register me for the course! Singapore 18-19 October 2010 Rotterdam, the Netherlands, 15-16 November 2010
CA266/CC3159/10 WB
Please complete and return to:The Conference Connection Inc. at Raffles City PO Box 1736, Singapore 911758 or Conference Connection Administrators Pte Ltd / FBTE Secretariat at 135 Middle Road #05-01 Bylands Building, Singapore 188975. Tel: +65 6338 0064 Fax: +65 6338 4090 Email: [email protected]
BUNKER FUEL BLENDING TECHNOLOGY AND ECONOMICSREGISTRATION FORM
Name (Mr/Ms/Dr/Others)
Position
Company
Address
Country Postal/Zip Code
Tel Fax
Mobile
Name and Title of Approving Manager (Mr/Ms/Dr)
Position
Main Business Activity
Venue Registration and Payment by:
Singapore 18 September 2010
Rotterdam 15 October 2010
• For unpaid registrationswhich have been invoicedand are subsequently cancelled after 2nd cut offdate, 50%of the invoiced feewill be chargedandone set of the presentationmaterialswill be given(postevent).
A PRACTICAL AND HIGHLY INTERACTIVE 2 – DAY COURSE ON
The 16th, 17th & 18thSUCCESSFUL STRATEGIES FOR HANDLING & AVOIDING
SAVE UP TO
US$150 ON EARLY
BIRD & TEAM
DISCOUNTS (See back
page for details)
COURSE DIRECTORS
William TanVice President
Miyabi Industries Pte Ltd
Ray HoggerPrincipal
Radius Technical Consulting
With An Introduction to ISO Dispute Resolution Procedures
IN 2 MAJOR INTERNATIONAL LOCATIONS
REGISTER ON OUR WEBSITE AT WWW.CCONNECTION.ORG
BunkeringD i s p u t e s
Bunkering D i s p u t e s
FOR SINGAPORE VENUES30% MCF Course Fee
Subsidy Available TERMS & CONDITIONS APPLY
KEY ISSUES TO BE COVERED
• Legal Fundamentals of Supply Contracts• Roles & Responsibilities of the Players in Bunkering• Supply Contracts & Good Purchasing Practice• Overview of Loss or Dispute Factors• Understanding Quality & Laboratory Test Results• A Full Review of Marine Fuel Specifications – ISO 8217• Oil Blending – Benefits & Risks• Claims – Documentation & Evidence Collection• Loss Mitigation & Dispute Resolution• Quality Assurance & Loss Control
Organised by:
Dubai3 – 4 March 2010Al Bustan Rotana Hotel, UAE
Singapore31 March – 1 April 2010 &18 – 19 November 2010InterContinental Singapore
• Akron Trade & Transport • Adani Exports • ADNOC • ADNATCO • APSCo • Barwil Agencies • Bakri International Energy • BGK Marine Bunkering • Bridge Oil Far East • BHP Billiton Marketing • Brunei LNG • Bomin Bunker Oil • Caltex Egypt • Channoil Consulting • Charles Taylor Mutual Management • Chevron • Chimbusco Pan Nation Holdings • Coal & Oil Co • DNV Petroleum Services • Equatorial Marine Fuel Management Services • Emarat • Emirates Petroleum Products • ExxonMobil • FAMM • Far East Oil Terminal One • Galadari Associates • GEM Resources • GAC Bunkerfuels • Greenpen Freight Services • Glencore • Gulf Energy • IMC Shipping • Ince Co • Kawasaki Kisen Kaisha • KIC Oil & Gas • Lungshan Petroleum • Lukoil Asia Pacific • LG International • Marine Services Co. • Marubeni International • Malaysian International Shipping Corp • Mideast Ship Management • National Gas Shipping Co • National Navigation Co. • Neptune Orient Lines • Oil Marketing & Trading • Oriental Shipping & Investment • Pakistan State Oil Co • Pakistan National Shipping Corpn • Petronas • Petronas Dagangan • Pegasus Energy • Petro Diamond • Petrobras • Petron • Power Seraya • Pratibha Shipping Co • Qatar Fertiliser Co • Qatar Liquefied Gas Co • Qatar Petroleum • Qatar Liquefied Gas Co • Qatar National Navigation & Transport Co • Qatar Fuel • Reliance Industries • Shell Singapore • Shell Thailand • Shell Marine Products • Shell International Eastern Trading Co • Saudi Shipping & Maritime Services Co • Singapore Petroleum Company • Standard Oil & Marine Services • Statoil Asia Pacific • Sunship • Tuah Tankers • Teekay Shipping • Thomas Miller • Tanker Pacific Management • Tasman Orient Line • Thome Ship Management • United Bunkering & Trading Asia • Unigas Kosan Ltd • UOB • Vopak Terminals • Vopak Horizon • Vitol • West Asia Maritime
JOIN OVER 250 PARTICIPANTS WHO HAVE ATTENDED 15 BUNKERING DISPUTE COURSES OVER 8 YEARS
COURSE OUTLINEABOUT THIS COURSECourse ObjectivesThis two-day Course has been designed to help you to:-• Learn and understand the technical and contractual
basis of fuel quality, specification, determination of quantity and factors relating to its supply to vessels
• Assess what can go wrong and how to improve the chances of avoiding problems, disputes and claims
• Understand procedures for controlling risk factors and formulate strategies to resolve disputes or defend a claim
Course MethodologyThe course will cover theory, case studies and an introduction to several tools and techniques including statistical loss control, data audit, risk assessment critical control points and a full review of marine fuel specifications under ISO8217. Supply Contract Models will also be reviewed to examine risks and how they may be reduced.Case StudiesCase studies covered during the course will require participants to be grouped in teams. Through role-playing, the teams will work together towards resolving the problem of the case.
WHO SHOULD ATTEND • Bunker/Marine Fuel Buyers & Sellers• Bunker Brokers & Traders/Managers/Analysts• Shipowners, Operators, Charterers & Their Agents• Port Authorities• P & I Clubs & Hull and Machinery Insurers/Surveyors• Maritime Lawyers, Legal Advisers, Consultants, Claims Executives, Negotiators & Senior Executives• Fuel Oil Contract/Operation/Port & Marine Managers• Sales & Marketing Managers• Technical Experts/Advisors & Technical Services/
Customer Services Managers• Terminal Superintendents• Commercial Directors and Business Development Managers of Shipping Companies
I. INTRODUCTION
II. KEY ISSUES AND OBLIGATIONS OF PARTIES IN A BUNKER SUPPLY
• ContractFundamentals • Absolutequality/fitnessforpurpose • MeetingQ&Qrequirements
III. SUPPLY CONTRACTS & GOOD PURCHASING PRACTICE
• Caveatemptor • Buyer/Sellerrequirements • Keyissues • Charteredvessels
IV. SPECIFICATIONS FOR MARINE FUEL (ISO8217 & OTHERS)
• Generalrequirements • Testparameters • Specialclauses–contamination • Conformancewithspecification • Applicationofprecisiondata
(Repeatability&Reproducibility) • Qualitydisputesresolution(ASTM
D3244,ISO4259)
V. ROLES AND RESPONSIBILITIES OF THE PLAYERS IN BUNKERING
• Owners&operators • Charterers • Suppliers–Bunkersuppliers/barge • Refineries&oiltraders • Supplierobligationsonqualityand
generally • Criticalbuyerobligations
VI. LOSS OR DISPUTE FACTORS • Reallossorpaperloss • Quality–offspecification&
understandingtesting • Quality–contamination • Misinterpretationofanalysis • Samplingissues–prosandconsofeach
samplingmethod • Consequentialloss&damage–commercial, operational&engineeringissues • Quantitymeasurements&oilcalculations • Tonnageissues/densitycalculation • Timing&delays–downtimeand
demurrage
VII. CASE STUDY 1 – “MERRY-GO-ROUND CONTRACTUAL SUPPLY”
AcasestudyonhowinterpretationofaCharterPartyClauseresultedinanincorrectspecificationofabunkersupply
WHY YOU SHOULD ATTEND THIS COURSEYou will:• GAIN in-depth knowledge on common but avoidable
disputes using international case studies• ACQUIRE tools for better managing supply and identifying
problem areas or areas for improved control• UNDERSTAND the different perspectives and priorities
between suppliers, vessels and port authorities• DEVELOP best practices in bunker supply & purchase
30% CoURSe SUbSidyUnder The Maritime Cluster Fund (MCF)
FoR SingapoRe VenUeS only
apply for a 30% subsidy on the registration fees under MCF. Call us at Tel: 65-63380064 or email us at [email protected] to get more details on eligibility terms and the application form.
Registration on day 1 at 8.00am. Sessions start promptly at 9.00am and end at approximately 5.30pm. Lunch will be between 12.30pm and 2.00pm with mid morning and mid afternoon refreshments.
COURSE OUTLINEABOUT THE COURSE DIRECTORSWilliam Tan is a trained Environmental/Public Engineer and has a Masters’ Degree in International Business. Beginning his career as a Project Engineer for a waste treatment company, he progressed to Senior Sales Executive in the Specialty Chemicals Division of a multinational company. In 1994, he joined DNV Petroleum Services, first as Senior Sales Executive and then as Assistant Sales Manager, marketing their Fuel Quality Testing Programs to Japan, Korea, Indonesia and Philippines. During these years, he conducted numerous seminars for the Korean and Japanese shipping community on bunkering matters. William founded Marine Fuel Consultants International Pte Ltd in the year 2000 with a group of marine engineers, fuel consultants and claim specialists, providing services of fuel quality management and claims handling. William’s key expertise lies in the areas of quality and product specification; test parameters and methods; sampling and sample collection procedures; blending calculation and loading procedures; the handling and usage of marine fuels, loss mitigation and loss control management and documentation.
From November 2002, William Tan joined Miyabi Industries Pte Ltd as the Vice President. Miyabi Industries Pte Ltd is an Engineering and Consultancy firm specialising in fuel, lubricants and refining processes. The firm also advises clients on the handling of claims and recovery services with regard to fuels and lubricants across Asia, particularly in North East Asia.
Ray Hogger is a graduate chemist from Oxford University and a Chartered Chemist. He is a member of the Royal Society of Chemistry and Member of the Institute of Quality Assurance (UK). Ray has extensive experience in quality and technical areas in the chemical sector including oil, gas, chemicals and bio-pharma industries and is a specialist on fuel quality and technical contracting. After a period on pharmaceutical/chemical manufacturing, he worked with the SGS group, first in their chemical division and then as a Quality Manager where he developed a set of corporate quality and TQM/QA programs. He was then transferred to SGS Singapore, as General Manager for the Petroleum and Petrochemicals Division covering inspection, testing, metrology, environment and technical services. Following this, he worked with Intertek and Inspectorate in Regional Technical and Business Development Asia and thereafter, as a Consultant, handling legal and insurance cases and providing various technical consultancy services. He was also contracted to PSB Corporation as Principal Consultant for 1 year between March 2003/2004 to develop new business in testing and inspection, particularly in Fuels and Lubes and which included standard and advanced analysis of marine fuels.
Apart from other businesses, he is currently working in biofuels trading and technical management.
WHAT ATTENDEES HAVE SAID ABOUT THE COURSE
“Puts into perspective, the technical-legal commercial issues; very informative”“Very good knowledge in technical aspects”“Very effective in encouraging interaction between delegates which made learning a lot more fun and effective”“Good presenters with obvious hands-on industry experiences”“Practical real-life applications, cases, experience & sound knowledge”“Latest update on industry practice and amendments by the authorities”“Very clear and concise for my understanding”“Directors’ knowledge and ability to relate to participants questions”“Able to relate in a concise manner which makes understanding better for the class”“I think it’s excellent”“I find it very comprehensive”
CERTIFICATE OF ATTENDANCEAll Participants who successfully complete the full 2-day course will be given a Certificate of Attendance.
VIII. SAFETY, OCCUPATIONAL HEALTH & ENVIRONMENTAL ASPECTS
• WhatcansuppliersdotoreducetheirHSErisks?
IX. OIL BLENDING – BENEFITS & RISKS • Commonproblems • Basictheoryofblending • Howtocalculatetheblendformula • Developingthemodel • Interactionblendingmodel
X. CASE STUDY 2 – “REPRESENTATIVE SAMPLES”
Acasestudyonabunkersamplingprocesswhichbecameanextremelycostlyaffair
XI. CLAIMS – DOCUMENTATION &
EVIDENCE COLLECTION • Claimshandling–Isitascienceoran
art? • Claimshandlingstrategies • Whattypeofevidencedocumentation
tocollectandcollate
XII. LOSS MITIGATION & DISPUTE RESOLUTION – DOS & DON’TS
• Whatislossmitigation? • Whymitigatelosses? • Whoshouldbeinvolvedinloss
mitigation/losscontrol • Lossmitigationsteps • Disputeresolution–pointstoconsider • Commonformsofdisputeresolution • Pros&consofarbitration/HighCourt
proceedings • CourtDisputeResolutionInternational
(CDRI)
XIII. QUALITY ASSURANCE & OTHER CONTROL MECHANISMS
• Quality,safety&environment • Managementsystems&quality
assurance • Singaporebunkeringprocedure • ISO17025 • Propagation • Programmeforauditingsuppliersand
vettingships
XIV. CASE STUDY 3 – SULPHUR CONTENT TESTING
XV. PROACTIVE MEASURES & IMPROVEMENT
Opendiscussionandbrainstorming
WHY YOU SHOULD ATTEND THIS COURSE• REDUCE losses and time spent on disputes thus improving
profitability• EXAMINE control techniques effective in developing a
reputation for successful Quality Assured Bunkering• LEARN how to interpret qual i ty reports and
specifications• APPRECIATE the strengths and weaknesses of your
system
Registration on day 1 at 8.00am. Sessions start promptly at 9.00am and end at approximately 5.30pm. Lunch will be between 12.30pm and 2.00pm with mid morning and mid afternoon refreshments.
*MAILThe Conference Connection Inc.Raffles City PO Box 1736, Singapore 911758 /Conference Connection Administrators Pte Ltd135 Middle Road, #05-01 Bylands BuildingSingapore 188975 (ROC No. 199405166R)
(PHONESingapore(65) 6338-0064
)FAX
Singapore(65) 6338-4090
:ON-LINE
www.cconnection.org
THIS CONTAINS YOUR UNIQUE REGISTRATION REFERENCEPLEASE DO NOT REMOVE MAILING LABEL
Name (Mr, Dr, Ms)
Position
Company
Address
Country Postal/Zip Code
Tel Fax
Name of Approving Manager (Mr, Dr, Ms)
Position
Main Business Activity
(For more than one delegate, please photocopy the registration form)
Please complete and return to:The Conference Connection Inc. at Raffles City PO Box 1736, Singapore 911758.Conference Connection Administrators Pte Ltd at 135 Middle Road, #05-01 Bylands Building, Singapore 188975.Tel: (65) 6338-0064, Fax: (65) 6338-4090Email: [email protected]
PAyMENTS:• All payments must be made by Inter-Bank Transfers within 14 days of receipt of
invoice (Bank details will be provided upon receipt of registration).• Please quote event name, invoice number and delegate name for bank transfers.
Please instruct your bank to remit the full amount, nett of bank charges.
CANCELLATION AND SUBSTITUTION POLICy:• Cancellations notified in writing by letter received and acknowledged before 1st
cut off date will be levied an administrative fee of 5% for paid cancellations and 10% for unpaid cancellations.
• Paid cancellations notified and acknowledged between 1st and 2nd cut off dates will receive a 50% refund and one set of conference papers (after the event).
• No refunds will be given after 2nd cut off date but delegates can be substituted if the organisers receive prior notification.
• For registrations invoiced and unpaid but subsequently cancelled after 2nd cut off date, 50% of the invoiced fee will be charged and one set of conference documentation will be provided (post event).
Please Tick ( 4 ) accordingly:
1. REGISTRATION FEES
2. PAyMENT q Please send me an original invoice.
3. ACCOMMODATION q Please send me a hotel reservation form.
4. IN-HOUSE TRAINING q Please send me more information on taking the course
in-house.
CA269/270/CC3160/10 WB
5EASY WAYS TO REGISTER
Payment must be received beFore the course date.
DISCLAIMER:
The organisers will not accept liability for non-approval of visas, individual transport delays and transport disruption, and in such circumstances, our normal cancel-lation rules and penalties apply. Where matters beyond the reasonable control of the organisers impair or prevent the organisers from being able to perform their obligation under this event, the client releases the organisers from any liability, incidental or consequential, to such matters.
DELEGATEREGISTRATION FORM
Bunkering DisputesDubai, UAE, 3-4 March 2010 • Singapore, 31 March-1 April & 18-19 November 2010Bu n k e r i ng
D i s p u t e s
HOTEL ACCOMMODATION: Delegates will be responsible for their own hotel arrangements. Special rates have been secured at the course hotel for all confirmed delegates. Simply request for hotel/visa form when registering.
1st Cancellation Cut Off Date 2nd Cancellation Cut Off Date (5% Fee for Paid & 10% Fee (50% Refund plus workbook) for Unpaid RegistrationDubai 10 February 2010 17 February 2010 Singapore (Apr) 11 March 2010 18 March 2010
Singapore (Nov) 28 October 2010 4 November 2010
Venue Full Fee Team Fee Early Bird Early Bird (2nddelegateonwards,same Fee Payment company&billingaddress) Date
o Dubai o USD1550 o USD1400 o USD1430 31 Jan 2010
o Singapore (Apr) o USD1550 o USD1400 o USD1430 31 Jan 2010
o Singapore (Nov) o USD1550 o USD1400 o USD1430 31 Aug 2010
Fees stated are on a per person basis and mutually exclusive
DATES & VENUE:Dubai UAE, 3-4 March 2010, Al Bustan Rotana HotelPO Box 30880 Dubai UAE. Tel: (9714) 705-4649 Fax: (9714) 705-4588
Singapore, 31 March-1 April & 18-19 November 2010, InterContinental Singapore80 Middle Road, Singapore 188966. Tel: (65) 6338-7600 Fax: (65) 6338-7366
REGISTRATION FEES:
Fees include participation at all sessions, daily lunch & coffee breaks and a set of presentation materials per person. Travel, accommodation and visa costs are not included.
ENQUIRIES & REGISTRATIONS TO:The Conference Connection Inc. at Raffles City, PO Box 1736, Singapore 911758 or Conference Connection Administrators Pte Ltd / Bunkering Disputes Secretariat at: 135 Middle Road, #05-01 Bylands Building, Singapore 188975.Fax: (65) 6338-4090, Tel: (65) 6338-0064, Email: [email protected]
REGISTRATION CONDITIONS:• All registrations must be on the prescribed form or in writing and will be on a
confirmed basis unless otherwise notified in writing.• The organisers reserve the right not to accept prior and on-site registrations
without payment. • Delegates whose payments are not received before the event are required to
furnish proof of payment on-site.• Staff at the event will request a credit card guarantee without proof of payment.• The organizers reserve the right to impose conditions of entry for walk-in
delegates.
Venue Full Fee Team Fee Early Bird Early Bird (2nddelegateonwards,same Fee Payment company&billingaddress) Date
Dubai USD1550 USD1400 USD1430 31 Jan 2010
Singapore (Apr) USD1550 USD1400 USD1430 31 Jan 2010
Singapore (Nov) USD1550 USD1400 USD1430 31 Aug 2010
Fees stated are on a per person basis and mutually exclusive
CRUDE TO BUNKERS
AN OVERVIEW OF THE MARKET/ REGULATORY OUTLOOK, PRICING, QUALITY & BLENDING APPLICATIONS
ATTEND A COMPREHENSIVE & INTERACTIVE 1½ – DAY COURSE ON
TAKE ADVANTAGE OF THE EARLY BIRD FEE & SAVE US$155REGISTER & PAY BY 1 MARCH 2010 OR 16 AUGUST 2010
John VautrainSENIOR VICE PRESIDENT
AND DIRECTOR
PURVIN & GERTZ INCSINGAPORE
COURSE DIRECTOR
DATES & VENUE
Singapore8 – 9 April 2010
InterContinental Hotel25 – 26 October 2010
Venue to be confirmed
KEY ISSUES TO BE COVERED• Overview of refining, production &
shipping to locations• Key quality parameters of bunker fuel
and petroleum products• Drivers for demand growth of bunker
fuel• Non-bunker uses of fuel oil• Crude oil alternatives• Refineries & bunker fuel• Bunker fuel blending• IMO sulphur regulations and their
impact on bunker fuel markets• Cutter stocks
• Bunker fuel market structure
ORGANISED by:
APPLY FOR A 30% SUBSIDY UNDER THE MARITIME CLUSTER FUND
COURSE OBJECTIVESThis one and a half day course follows the value chain of bunker from its origins in the oilfields to the bunker fuel market. It will discuss the oil refiners’ economic drivers for bunker manufacturing and new MARPOL regulations, reviewing the oil market outcomes to which these regulations may lead.
30% COURSE SUBSIDY UNDER THE MARITIME CLUSTER FUND
Apply for a 30% subsidy on registration fees under the Maritime Cluster Fund. Call us at Tel: 65-6338 0064 or email us at [email protected] to get more details on
eligibility terms and the application form.
CERTIFICATE OFATTENDANCE
All participants who successfully complete the one and a half day course will be given a
Certificate of Attendance
WHY YOU SHOULD ATTEND – KEY BENEFITS• EVALUATE key quality parameters under new IMO regulations for the bunker industry• DISCUSS historical trends & growth drivers for bunker fuel demand• LOOK AT non-bunker uses of fuel oil and ExAMINE why a trend towards higher quality & specifications causes a decline in such uses• UNDERSTAND pricing methodologies for bunker fuel and the role of refining & petroleum economics in pricing• REVIEW overall bunker market structure and evolution• LOOK FORWARD in oil markets and discuss price drivers over the past 5 years• UNDERSTAND crude oil alternatives for bunker fuel manufacturing including Middle East sours, Asian sweets & Africans and
how these affect bunker costs• REVIEW refinery bunker production and bunker fuel quantums produced relative to other products• ExAMINE determinants of bunker fuel blending• AppRECIATE how your supplier views his economics of supplying you• COMpREHEND how crude oil price volatility translates into bunker fuel pricing• REVIEW sources of bunker fuel cutter stocks
WHO SHOULD ATTEND• Bunker fuel/fuel oil/lubricant product traders• Managers-marine/marine services/aviation• Ship owners• Charterers/brokers/operators• Bunker fuel suppliers• Senior executives/strategic/business development/project
managers of shipping companies• Sales/marketing/distribution managers• Gas shippers• Technical experts/planners/advisors• Bunker fuel producers/refiners
• Refined products supply managers/Purchasing managers• Fuel oil/bunker/marine fuel sales/procurement, cargo and
terminal managers• Crude oil marketers• Petroleum/market analysts• Commercial & business analysts• Investment & financial analysts• Bankers• All those involved in the operation and management of
crude oil, feedstock or refined product supply chains & petroleum products with an emphasis on bunkers
REGISTER AT OUR WEBSITE: WWW.CCONNECTION.ORG
John Vautrain is the Senior Vice president & Director of purvin & Gertz based in Singapore. He heads up the firm’s Asia-pacific consulting activities. He is responsible for maintaining contacts with industries, financial institutions and government agencies located in the Asia-pacific region. Since 2000, John has been located in Singapore after assignments in
Texas and California. John joined purvin & Gertz as a consultant in 1981. Before joining purvin & Gertz he was with phillips petroleum Company and Union Carbide Corporation in petroleum refining and petrochemical manufacturing operations. John holds a Bachelor’s degree in chemistry from the University of Texas and a master’s degree in chemical engineering from the University of Utah.
ABOUT YOUR COURSE DIRECTOR
TEAM DISCOUNTS AVAILABLE. CHECK REGISTRATION PAGE FOR DETAILS.
1. INTRODUCTION• Overview of refining, production & shipping to refining
locations• Bunker fuel consumption and methods of sale• Bunker fuel supply chain• Prices & values• New IMO regulations facing the shipping/bunker fuel
industry
2. ECONOMY & CRUDE OIL• World supply/demand of crude oil• Extent of oil production by region• Difficulties in increasing oil supply• Movement of prices & comparison with economic
activity• The future for crude prices globally
3. BUNKER FUEL MARKETS• Important Bunker Ports• Factors influencing bunker market development• Key quality parameters of bunker fuels• Implications of current & future IMO-derived quality
regulations
4. REFINING INDUSTRY FACTORS• Trends in refining activity• Influence of crude oil type• Light/heavy differential and the desire to manufacture
bunker• Influence of economic cycles on refining industry
5. BUNKER FUEL DEMAND GROWTH• Historical trends in bunker demand• Drivers of high bunker growth• Relationships between economic globalization and
bunker fuel demand growth• Value chain for manufactured goods• Affect of high bunker prices on the demand for shipping
services• Long term demand for bunker fuel and prospects for the
next 5 years• Impact of IMO regulations on fuel required for shipping
and demand for MDO/MGO verses IFO
6. NON-BUNKER USES OF FUEL OIL• Demand for residual fuel oil in non-transportation
applications• Historical demand by application, industry, country and
quality• Demand declines in non-bunker applications• Trends toward higher quality & quality data for key
regions• Market interplay of bunker fuel and non-bunker fuel uses
of fuel oil
7. pRICING BUNKER FUELS • Review of price relationships• Bunker prices by location• Influence of trading patterns• Influence of viscosity
8. REFINERIES & BUNKER FUEL• The making of bunker in a refinery• Real-world examples of refineries making bunker fuel• Comparison of bunker prices to the price of other
products• Methods for minimization of bunker production• Economics of manufacturing of bunker fuel, fuel oil and
low sulfur fuel oil
9. BUNKER FUEL BLENDING • Typical bunker fuel components and their alternatives• Gravity, viscosity & sulphur specifications• Materials used for blending stocks• Origin and alternative uses for each type of cutter stock• Blending calculations• Flash, viscosity, density and sulfur
10. BUNKER FUEL MARKETING • Bunker fuel marketing margins• How bunker fuel marketers profit from blending• Sources of low quality blend stocks• Supply chain for bunker supply companies
11. IMO REGULATIONS• Challenges facing the refining and shipping industries
due to new IMO regulations• Sulphur regulations and their impact on bunker fuel
markets in the short to medium term• Compliance with SECA areas and prospects for future
growth• Longer term IMO regulations• The shipowners choice – low sulphur bunker or sulphur
abatement equipment• Challenges for the practical usage of equipment• Regulations from the refiner’s point of view• Refinery considerations for lower sulphur bunker fuel
demand• Bunker fuel desulphurization and cracking/coking
alternatives
12. OUTLOOK• Industry view on bunker fuels• Alternative outcomes for bunker fuels and timelines
required for shipping and refinery responses• Crude oil supply demand overview• Alternative forward views on crude and bunker price
outcomes
COURSE OUTLINE
Copyright © Conference Connection Administrators Pte Ltd. All rights reserved. The organizers reserve the right to alter the content and timing of the programme.
Registration will begin on Day 1 at 8.00am. Sessions start promptly at 9.00am and end approximately at 5.30pm. Lunch will be between 12.30pm and 2.00pm with mid-morning and mid-afternoon refreshments. Sessions on the 2nd Day will end at 1.00pm. Lunch will not be served.
5 EASY WAYS TO REGISTER!
www.cconnection.orgON-LINE
Conference Connection Administrators Pte Ltd135 Middle Road #05-01 Bylands Building Singapore 188975
MAILSingapore(65) 6338-0064
E-MAILSingapore(65) 6338-4090
FAx
THIS CONTAINS YOUR UNIQUE REGISTRATION REFERENCEPLEASE DO NOT REMOVE MAILING LABEL
please Tick ( 4 ) accordingly:
1. Registration FeesFull Fee: US$1,550 per personTeam Fee: US$1,395 per person for 2nd and subsequent delegate
from same company & billing addressEarly Bird Fee: US$1,395 per person
(Payment date: 1 Mar 2010 for Apr Course, 16 Aug 2010 for Oct Course)2. paymentI am sending payment by telegraphic transfer/bank draft. I will need an original invoice.3. AccommodationPlease send me a hotel/visa form 4. Mailing ListPlease include me in your mailing list for future events
PAymENT mUST bE RECEIVED bEfORE COURSE DATES.
(For
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ALL REGISTRATIONS MUST BE ACCOMpANIED BY pAYMENTYes! Please register me for the CRUDE TO bUNKERS Course:o April 8-9, 2010 o October 25-26, 2010
CA267/268/10 WB
Please print in block letters and return to:Conference Connection Administrators pte LtdTel (65) 6338-0064 Fax: (65) 6338-4090 Email: [email protected] Website URL: www.cconnection.org ROC No. 199405166R
Title Dr / Mr / Ms / Others
Name (please print name desired on name tag) ___________________________________
_________________________________________________________________________
Company _________________________________________________________________
Job Title _________________________________________________________________
Mailing Address ___________________________________________________________
_________________________________________________________________________
Country Postal/Zip Code _____________________________________________________
Tel _________________________________ Fax _________________________________
Email ____________________________________________________________________
Name and Title of Approving Manager __________________________________________
Email of Approving Manager _________________________________________________
Your Company’s Main Business Activity in Oil & Gas/Shipping _______________________
Your Company’s Main Business Activity Outside Oil & Gas/Shipping ___________________
DATES & VENUES8 – 9 April 2010 (InterContinental Singapore) &25 – 26 October 2010 (Venue to be confirmed)InterContinental Hotel Singapore80 Middle Road Singapore 188966Tel: (65) 6338-7600 Fax: (65) 6338-7366
REGISTRATION FEESRegistration fees will include attendance at all sessions, daily luncheon and coffee breaks and one set of course documentation. Travel and accommodation costs are not included.
Full Fee: US$1550 per personTeam Fee: US$1395 per person for the second and subsequent delegate from the same company and billing address. To qualify for team fee, registrations have to be received at the same time.Early Bird Fee: US$1395 per person (payment date by 1 Mar 2010 for Apr Course, 16 Aug 2010 for Oct Course)(All discounts are mutually exclusive and on a per person basis)
REGISTRATION CONDITIONS• All registrations must be on the prescribed
form or in writing and will be on a confirmed basis unless otherwise notified in writing. All paid registrations will receive written notification.
• The organizers reserve the right not to accept prior and on-site registrations without payment. Delegates whose payments are not received before the event are required to furnish proof of payment on-site.
• Staff at the event will request a credit card guarantee without proof of payment.
• The organizers reserve the right to impose conditions of entry for walk-in delegates.
pAYMENTS• All payments must be made in US Dollars
by Inter-Bank Transfers within 14 days of receipt of invoice (Bank details will be provided upon receipt of registration).
• Please quote event name, invoice number and delegate name for bank transfers. Please instruct your bank to remit the full amount, nett of bank charges.
HOTEL ACCOMMODATIONDelegates qualify for specially discounted rates at the host hotel. Please request for a hotel/visa form when registering. Delegates will be responsible for their own hotel and visa arrangements.
CANCELLATION & SUBSTITUTION pOLICY• Cancellations notified in writing by letter received
and acknowledged before 1st cut off date will be levied an administrative fee of 5% for paid cancellations and 10% for unpaid cancellations.
• Paid and unpaid cancellations notified between 1st & 2nd cut off dates, will be charged 50% of the invoiced fee and given one set of course materials (post-event).
• No refunds whatsoever will be given 2nd cut off date but delegates can be substituted if the organizers receive prior notification.
• For registrations invoiced and unpaid but subsequently cancelled after 2nd cut off date, 50% of the invoiced fee will be charged and one set of course materials will be provided (post-event).
REGISTRATIONFORM (CB SPORE 2010)
CRUDE TO BUNKERS
Venue 1stCancellation 2ndCancellation CutOffDate CutOffDate
Singapore 18March2010 25March2010April
Singapore 7October2010 14October2010October
DISCLAIMER: The organizers will not accept liability for non-approval of visas, individual transport delays and transport disruption, and in such circumstances, our normal cancellation rules will apply. Where matters beyond the reasonable control of the organizers impair or prevent the organizers from being able to perform their obligation under this event, the client releases the organizers from any liability, incidental or consequential, to such matters.
THE ONLY MIDDLE EAST EVENT FOR THE WORLD BUNKER MARKET
MARK YOUR CALENDAR
ANNOUNCING THE 7TH INTERNATIONAL
FUJAIRAH BUNKERING& FUEL OIL FORUM
FUJAIRAH, UAE
www.cconnection.org/fujconhome.htm
Held in Conjunction with The Fujairah Bunkering Week Events, 20 - 24 March 2011
FUJCON
2011
Held Under The Patronage Of His Highness Sheikh Hamad bin Mohammed Al Sharqi
Member of the UAE Supreme Council and Ruler of Fujairah
Organised by
THE CONFERENCE CONNECTION INC.Conne c t in g G lo ba l Bus in e s s e s .
Hosted by
GOVERNMENTOF FUJAIRAH
22 – 24 MARCH 2011
CONFERENCE CONNECTION is pleased to announce the dates of
FUJCON 2011 and the FUJAIRAH BUNKERING WEEK20 – 24 March 2011, Fujairah, UAE
Held under the auspices of the Government of Fujairah with the Patronage of His Highness Sheikh Hamad bin Mohammed Al Sharqi, Member of the UAE Supreme Council and Ruler of Fujairah
CC3146/09 WB
The 7th event in the series, FUJCON 2011 will:-• Provide up-to-date analysis on developments in the bunker and fuel oil business• Reinforce Fujairah’s position as a major player of the global bunkering market and the impact of bunkering
developments around the world on the Fujairah market• Analyze relevant changes in the marine transportation business affecting the bunker market
FUJAIRAH BUNKERING WEEK PROGRAMME AT A GLANCEDAY ONE 20 March Pre-Conference Course 1 (2-day course)
DAY TWO 21 March Pre-Conference Course 2 (2-day course)
DAY THREE 22 March Pre-conference Course 3 (1-day course)FUJCON 2011 Pre-Registration and Opening Reception
DAY FOUR 23 March FUJCON 2011 Conference Sessions, FUJCON 2011 Conference Dinner
DAY FIVE 24 March FUJCON 2011 Conference Sessions, FUJCON 2011 Offshore Site Visit
P P 1 6 6 8
Vanda MissJoaquim
FUJCON has an international attendance from over 45 countries covering diversified sectors of the bunkering industry. Attend the Forum to meet leading oil and bunker producers, traders, shipowners/operators, managers, brokers, oil majors, national oil companies, refiners, bankers, classification societies, maritime lawyers and consultants.
We look forward to and welcome your participation at FUJCON 2011 in Fujairah, UAE !
For Enquiries, Sponsorship and Exhibition opportunities:-Please contact The Conference Connection Inc, PO Box 1736, Raffles City Post Office, Singapore 911758.Tel: 65-63380064 Fax: 65-63384090 Email: [email protected] Website: www.cconnection.org
BY AIR MAIL
ISSUED BY:
The Conference Connection Inc. P.O. Box 1736, Singapore 911758
Conference Connection Administrators Pte Ltd 135 Middle Road, #05-01 Bylands Building, Singapore 188975 Tel: (65) 6338 0064 Fax: (65) 6338 4090
E-mail: [email protected], Website: www.cconnection.org
File: General/Course Branding/Event Listing
Conference/Course Schedule 2010/2011
EVENT DATE & VENUE
Natural Gas Dynamics
http://www.cconnection.org/NGDHome.htm September 22 – 23 2010, Bangkok, Thailand
International Oil Trading & Price Risk Management
http://www.cconnection.org/OilTradingHome.htm October 4-6 2010, Singapore
Production Sharing Contracts & International Petroleum Fiscal
Systems
http://www.cconnection.org/PSCHomeModule1+2.htm
October 4-8 2010, Singapore
Pacific Petroleum Insiders
http://www.cconnection.org/PPIHome.htm October 7-8 2010, Singapore
Advanced Price Risk Management
http://www.cconnection.org/OilTradingHome.htm October 7-8 2010, Singapore
Crude Oil & Condensate Value and Trade
http://www.cconnection.org/CCVTHome.htm October 7–8 2010, Singapore
Production Sharing Contracts & International Petroleum Fiscal
Systems
http://www.cconnection.org/PSCHomeModule1+2.htm
October 11 – 13 2010, Dubai, UAE
Fuels Blending Technology & Economics http://www.cconnection.org/FuelBlendingHome.htm
October 13-15 2010, Singapore
Asian Bitumen
http://www.cconnection.org/AsianBitumenHome.htm October 14–15 2010, Singapore
Bunker Fuel Blending
http://www.cconnection.org/BunkerFuelHome.htm October 18–19 2010, Singapore
Crude to Bunkers
http://www.cconnection.org/CBHome.htm October 25-26 2010, Singapore
Natural Gas Dynamics
http://www.cconnection.org/NGDHome.htm October 28 – 29 2010, Singapore
Production Sharing Contracts & International Petroleum Fiscal
Systems
http://www.cconnection.org/PSCHomeModule1+2.htm
November 10-12 2010, Amsterdam, Holland
Bunker Fuel Blending
http://www.cconnection.org/BunkerFuelHome.htm November 15-16 2010, Rotterdam, Holland
Successful Strategies for Handling & Avoiding Bunkering Disputes http://www.cconnection.org/BunkeringDisputesHome.htm
November 18–19 2010, Singapore
Refining Economics
http://www.cconnection.org/RefiningEconHome.htm November 23–24 2010, Dubai, UAE
Oil Product Forum
[email protected] December 6-7 2010, Singapore
Production Sharing Contracts & International Petroleum Fiscal
Systems
http://www.cconnection.org/PSCHomeModule1+2.htm
December 6-8 2010, Houston, USA
Over please…
ISSUED BY:
The Conference Connection Inc. P.O. Box 1736, Singapore 911758
Conference Connection Administrators Pte Ltd 135 Middle Road, #05-01 Bylands Building, Singapore 188975 Tel: (65) 6338 0064 Fax: (65) 6338 4090
E-mail: [email protected], Website: www.cconnection.org
File: General/Course Branding/Event Listing
Pacific Gas Insiders
[email protected] December 9-10 2010, Singapore
LNG Market Fundamentals
http://www.cconnection.org/LNGMktFund.htm February 28 2011, Singapore
LNG Supplies for Asian Markets 2011
http://www.cconnection.org/LNGA2011Home&Summary.htm March 1-2 2011, Singapore
LNG Sales & Purchase Agreements
http://www.cconnection.org/LNGSPA.htm March 3 2011, Singapore
Condensate & Naphtha Forum
[email protected] March 7-8 2011, Doha, Qatar
FUJCON 2011
http://www.cconnection.org/FUJCONHome.htm March 22-24 2011, Fujairah, UAE
Middle East Petroleum & Gas Conference 2011
http://www.cconnection.org/MPGC2011Home&Summary.htm
April 17–19 2011, Middle East
(subject to confirmation)
China Petroleum & Gas Insiders
[email protected] June 2–3 2011, Singapore
Asian Oil & Gas Conference 2011
[email protected] June 5–7 2011, KL, Malaysia
HighTan Crude Conference 2011
[email protected] June 9–10 2011, Singapore
Please send me more details on:-
Name of Event: _____________________________________________________________________________
My particulars are:
Name Mr / Ms / Dr
Position
Co.
Address
Zip Code Country
Fax Tel Email
Name & Title of Approving Mgr Mr / Ms / Dr
Main Business Activity
For updates, please visit www.cconnection.orgPlease complete your particulars above to request for further details on any of the above
events