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Deloitte Netherlands provides platform for discussion on current oil & gas issues

Dutch North Sea Oil & Gas Conference - April 19, 2007 - Rotterdam

April 2007

On Thursday April 19th Deloitte the Netherlands hosted the Dutch North Sea Oil & Gas Conference in Rotterdam. Leaders of reknowned businesses within the oil and gas sector presented the latest trends and topics on Oil & Gas, with specific focus on developments in oil field services. The approximately 200 participants reacted enthusiastically to the themes discussed and it was clear Deloitte had created a successful industry platform for discussing latest trends and developments in North Sea Oil & Gas.

During the conference knowledge and information on a wide range of issues was exchanged. The highlights included:

  • Development in FPSO usage: A Floating Production Storage Offloading (FPSO) is often owned by oil companies and can drill down to 3000 meters. The share of FPSO in new floating production solutions is 70%. FPSO’s are becoming more costly and sophisticated in order to minimize safety risks (including hurricanes).
  • Exploration: A common fact is that the world energy consumption is growing, and with that the need for exploration. More sophisticated exploring techniques are becoming available to find new wells and better information for infrastructural purposes.
  • Shipyard roles changes: A shipyard becomes more and more a facilitator for the oil companies
  • Float-over market: Over the years there has been a shift from transportation to float-over installations. More integrated decks, constructed on-shore, are installed at the sea. The installation offers new challenges, for example how to move 18.000 tons whilst at sea.
  • Carbon Captures and Storage (CCS): The promising opportunity of CSS in depleted gas fields was explored. 
  • Increased number of oil & gas production systems: Installations are becoming more and more sophisticated and vary per type, depending on the depth of the water. Technology in Sub-sea and Sub-to-beach solutions is rapidly advancing. Another challenge is finding innovative solutions for exploiting smart fields and smart wells.
  • Small gas fields: These fields need to be developed in the near future as the existing wells are running dry and the need for energy is still growing.
  • Regulation: As in many other sectors, regulation is a hot topic. When producing oil & gas regulation is increasingly playing an important role in decision making processes. The variety in regulation in international laws offers on all levels is a challenge when starting new – cross-border – projects.

Based on the feedback received, Deloitte looks back on an inspiring Oil & Gas conference, where participants were visibly impressed by the level of the presentations and the reports on developments in the Oil & Gas field.

For more information, please contact Peter Bommel ( pbommel@deloitte.nl) or Peter Peters ( pepeters@deloitte.nl) go to www.deloitte.nl/northseaconference…….

 

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