AGENDA

DAY 1, 23 OCT
DAY 2, 24 OCT
08:00
Morning coffee
09:00
Strategic view: understanding the potential of Black Sea oil and gas resources

The Black Sea oil and gas resources are of strategic importance for a number of stakeholders. What are their latest initiatives in the region?

09:00 | MINISTRY ADDRESS

Romanian Energy Strategy and its potential for long-term investments

09:20 | KEYNOTE PRESENTATION

Upstream sector overview – understanding global trends

09:40 | PRESENTATION

Energy security and diversification in the EU. Opportunities for the Black Sea region

10:00 | PRESENTATION

How can the Black Sea countries attract foreign investors? International perspectives

10:45
Coffee Break
11:15
Deep dive: building a reliable investment climate in the Black Sea countries

Large scale investment projects in oil & gas exploration and development require mature regulation and a stable
investment climate. How does the Black Sea region score on this?

11:15 | PRESENTATION

An overview of the recent fiscal changes and their impact on the natural markets and economy of Romania

11:35 | ONSHORE OPINION

Key fiscal and regulatory difficulties of onshore operators: GEO 114 (price cap), 50% central market obligation, modernization of Petroleum Law

11:55 | OFFSHORE OPINION

Key fiscal and regulatory difficulties of onshore operators: Offshore law (supplemental tax), GEO 114 (price cap), 50% central market obligation)

12:20 | PANEL DISCUSSION

How can we develop a stable investment climate to encourage offshore & onshore resource development in the Black Sea region?

  • Offshore and onshore gas development projects are competing for capital on a global scale. What are the competitive strengths and weaknesses of the Black Sea countries?
  • What are the current government policies aimed at protecting domestic consumer  and how effective they are?
  • How is the government consulting with the industry? Is it effective?
  • How to encourage greater gas consumption (both Industry and Home consumption) as opposed to greater exports?
  • Comparing the investment climates of the Black Sea countries. Romania, Bulgaria, Ukraine, Georgia, Turkey:  which country is setting the bar?
13:00
Lunch
14:00
Updates on offshore exploration and development projects: playing for high stakes

Offshore projects require significant investment in exploration, the use of advanced technologies in production, and complex infrastructure development. How are operators dealing with these challenges?

14:00 | OPERATOR’S KEYNOTE

The first new offshore gas development project kicks off in Romania – updates from the operator

14:20 | OPERATOR’S KEYNOTE

Drilling exploration wells in Romanian offshore – the trade off between inherent risks and opportunities

14:40 | PRESENTATION

Bulgarian offshore potential – what can we expect from the latest exploration campaigns?

15:10 | PANEL DISCUSSION

The financial investment decision (FID) of the largest offshore project in the region was postponed – what went wrong?

  • What are the key factors that contributed to the delay of FID?
  • What are the key regulatory & fiscal, infrastructure requirements for FID?
  • Choosing a strategy: wait for issues to be resolved, or proceed and resolve them on the go? What is the right strategy in the Black Sea offshore context?
  • What can the government and industry learn from this?
15:45
Coffee Break
16:15
Infrastructure development in the region: connecting the dots

Developing an interconnected transportation system is key to bringing gas supply security to the region and ensuring a steady demand for producers. What is the current state of infrastructure projects in the Black Sea region?

16:15 | PRESENTATION

Understanding the big picture: overview of geopolitical and infrastructural challenges affecting gas supply in Europe

16:35 | OPERATOR’S KEYNOTE

Transmitting Black Sea gas to the regional markets – the latest updates on BRUA

16:55 | PRESENTATION

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

17:20 | PRESENTATION

The long reach of the Turkstream: impact on the Black Sea Region

18:00
Gala Dinner
09:00
Emerging markets: the renewed growth of the Black Sea region

Under-explored offshore and onshore fields in Ukraine, Georgia, and Turkey are attracting interest from foreign investors. What is the current state of play?

09:00 | OPERATOR’S KEYNOTE

Ukraine as the most dynamic region in the Black Sea. New offshore and onshore licensing rounds, expiration of transit contract, and gas sector reforms – update on the latest developments

09:20 | OPERATOR’S KEYNOTE

Georgia – low-cost production and development in onshore oil fields. Success story from an international operator

09:40 | OPERATOR’S KEYNOTE

Turkey – opening for new partnerships for oil & gas exploration in the Black Sea. Update on the current plans and developments

10:30
Coffee Break
11:00
Parallel session: Onshore. Technical Challenges

11:00 | OPERATOR’S KEYNOTE

Success story – redeveloping underdeveloped fields with enhanced oil recovery techniques

11:20 | OPERATOR’S KEYNOTE

Case-study on revitalizing mature basins with new seismic technologies

11:40 | PRESENTATION

The latest greenfield and brownfield onshore project in the Black Sea region – a success story

12:00 | PRESENTATION

Digital oil field software applications to increase production and maximize oilfield recovery

11:00
Parallel session: Offshore. Technical Challenges

11:00 | OPERATOR’S KEYNOTE

Case-study on new subsea technologies improving project economics and accelerating time to first oil and gas

11:20 | OPERATOR’S KEYNOTE

Overcoming deepwater exploration and drilling challenges – improving the operational efficiency of offshore drilling

11:40 | PRESENTATION

Safety first – ensuring high health, safety, and environmental standards. Real-time monitoring to identify and prevent risks

12:00 | PRESENTATION

Prescriptive analytics to improve offshore exploration and production

13:00
Lunch
14:00
Brainstorming session: strategies for success

Conference attendees are divided into groups to brainstorm on their vision of solutions to some of the challenges of the oil & gas industry in the Black Sea region. Each facilitator presents their group’s findings.

GROUP A:

How can operators and suppliers in the Black Sea offshore benefit more from collaboration?

GROUP B:

Looking for the growth in onshore exploration and production – identifying successful strategies

GROUP C:

Embracing the digital transformation – how to attract digital natives in oil & gas?

GROUP D:

Combining international and local experts – how to build great teams?

15:30
Coffee Break
16:00
Looking beyond production: markets, trading, and the future

How are regional countries developing trading markets and what are they signaling to investors? What should oil & gas operators expect from the energy transition, and what are the opportunities that they can seize today?

16:00 | PRESENTATION

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

16:20 | PRESENTATION

The rise of LNG and its impact on Black Sea investments: what local gas producers need to know about LNG market developments

16:40 | PRESENTATION

On the road to a clean energy transition: the role of gas in a clean energy system

17:30
Closing keynote: The key takeaways of the 7th annual Black Sea Oil & Gas conference
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