With the energy transition in full swing, the future of upstream oil and gas development in the North Sea is no longer clear.
The policy of maximising economic recovery has been counterbalanced by the UK Government’s target of achieving net zero emissions by 2050.
Whilst renewables account for a larger and expanding slice of the energy mix, demand continues to grow on the back of the post-Covid economic boom and must be met by more oil and gas output.
This situation has created difficult questions the North Sea industry must answer for it to remain sustainable and competitive.
How do we meet increasing energy demand whilst simultaneously reducing carbon emissions across all operations?
What do the changes in strategy mean for the decommissioning of assets?
And what is the outlook for mergers and acquisitions in the region as the supermajors revise their strategies and private equity investment cycles conclude?
On September 6, Energy Voice will host a virtual conference called Future North Sea (FNS) 2021 that looks to provide answers to each of these fundamental questions.
Bringing together experts from across the sector, the event will feature three sessions featuring presentations and panel discussions designed to provide your business with the innovative solutions, strategies and products required to thrive in the North Sea of the future.
The full-day event will kick off with a session on Net Zero Production. This keynote session will set the scene for the day with the panellists delving into the big issues shaping the future of oil and gas production in the North Sea.
As well as looking at the outlook for exploration and production, our speakers will discuss the projects pipeline and the strength of the supply chain. Also on the agenda will be a focus on asset integrity and life extension, with platform electrification a key part of the debate. Additionally there will be a focus on health and safety and reskilling the workforce to support a Just Transition.
Session two will switch focus to the Future of Decommissioning as exploration and production trends shift and the market evolves.
The session will kick off with an operator perspective before looking at the decommissioning supply chain, the issue of liabilities and the legal, tax and regulatory framework in place for the future. The session will also consider the repurposing infrastructure in light of the energy transition and the innovation and adoption required as the market changes.
FNS 2021 will be rounded off by the final session, which will be an M&A Outlook.
The North Sea M&A market was “red hot” in the early part of 2020, with the likes of NEO Energy stealing the thunder. With the larger packages now seemingly off the shelf, are the key deal makers going back into hibernation, or is there more to be done?
Talking points in this session will include IPOs and trade sales, plus a look at new international entrants. There will also be discussion of deal mechanics for narrowing valuation gaps along with the impact of transferable tax histories.
With Offshore Europe’s virtual conference programme due to kick off the following day, FNS 2021 will serve as the ideal curtain raiser for the show.
Register for free to join the conversation and hear from the companies and people shaping the future of the North Sea at: FNS2021.co.uk