Edition 19 | November 2013 Exhibition & Conference

offshore oil and gas E&P • transport and storage • maritime services • offshore wind offshore supply • offshore contracting • offshore vessels • deepwater development • drilling

Created and produced by

Newsflash Offshore Energy

Ko Colijn, General Director of the

Netherlands Institute of International

Relations “Clingendael”, addressed

the current and expected impact of the

political situation in the Middle East on

the oil & gas industry during the official

opening ceremony. Together with Sander

Vergroesen, Managing Director of the

Association of Dutch Suppliers in the Oil

and Gas Industry “IRO”, and Coert van

Zijll Langhout, Managing Director of

Offshore Energy’s organizer Navingo BV,

Ko Colijn opened Offshore Energy 2013

with a symbolic push on the button.

Save the date:Offshore Energy 2014Next year Offshore Energy Exhibition &

Conference will be held on 28 & 29 October.

We look forward to welcoming you to

Offshore Energy 2014!

www.offshore-energy.biz Continue reading on page 2

Offshore Energy 2013 confirms healthy industry outlookThe sixth Offshore Energy Exhibition & Conference on 15 & 16 October 2013

welcomed 9,123 international attendees, an increase of 20% compared to last

year. The two-day event had a lot of new features. The main take-away from the

event: despite recent cancellations of some big offshore projects, the industry has

a healthy order book. The toughest challenge is neither technical nor financial:

it’s recruiting the right people to keep the industry running.

Column by Jules Croonen on page 3“The oil & gas sector is currently

dealing with the shortage of trained

technical people.”

By Jules Croonen, Vice President Human Resources BeNeLux and France, Shell

Read more about:

• Young Bachelor of Technology graduates are

on their way

• Number of large projects and associated risks

rapidly increasing at the Offshore Industry

• Safepack™ unveiled at Offshore Energy

• AYOP pavilion great success

• Offshore Gas Super Projects: back on the shelf?

6

Exhibition

Continuing on its steady path of growth,

Offshore Energy welcomed almost 500

exhibitors (414 in 2012) who showcased

their innovative ideas, products and

services to the industry. The exhibition

was extended from one to three exhibition

halls, and for the first time included a China

Pavilion and a cinema. True to tradition,

both days ended with networking drinks

on the exhibition floor.

Conference

This year’s technical program covered

advances in wave and tidal energy, state of

play in North Sea exploration & production,

state-of-the-art vessels for the offshore

industry, research into solutions to

minimize environmental impacts of oil & gas

operations, and opportunities in East-Africa.

An international faculty of experts,

speakers, and delegates from across the

globe exchanged ideas and shared

knowledge. Read more about the conference

sessions on page 8.

Offshore Energy 2013 featured two new

panels: the Drilling & Dollars Panel,

sponsored by ABN AMRO, and the Human

Capital Panel, sponsored by Dosign

Engineering. Both panels are spin-offs from

the Industry Panel that was first held in

2012. This year’s Industry Panel discussed

the future structure and strategy of the

offshore industry, and was again sponsored

by Rabobank and organized with input

from knowledge partner Deloitte and

supporting partner Siemens Industry

Petroleum Club.

Master Classes

Another new feature this year were the

Master Classes for young talent in the

offshore industry. Masters from Van Oord

Offshore Wind Project BV, Heerema

Marine Contractors, and Damen Shipyards

Group exchanged ideas with young talented

students and professionals. These sessions

took place in an interactive setting that

was moderated by De Baak, the Institute

for Leadership and Entrepreneurship.

Not a day goes by without the media

reporting about the shortage of young

Bachelors of Technology. However, at

Dosign, we keep wondering if this shortage

is as bad as people suggest - at least for the

time being.

As an employment agency for highly

educated technicians, and to help reduce

the shortage, we have held a dual study

program, together with a number of Dutch

Universities of Applied Sciences, for the last

three years. This program comprises four

years of studying (B. Tech Mechanical or

Electrical Engineering), 28 hours a week

relevant Bachelor’s level work, as well as

four years of additional technical and

managerial courses and training.

There is a huge interest among young

people for these difficult programs. For

the 2013 - 2014 academic year we received

1,150 applications, from which we selected

110 motivated young people. By comparison,

in 2011 we started with 20 employees and

this number grew to 80 in 2012. Overall, a

substantial growth. This allows us to make a

contribution to the inflow of highly educated

technicians in the business community.

To date, the results are fabulous. Both our

clients and our “dual Dosigners” are

delighted. With these excellent credentials,

added to the fact that another new batch

of dual Dosigners has become available, we

expected that the new group of 110 dual

Dosigners would have immediate

employment as of 1 September 2013. More

to the point, we thought that employers

would be queuing up to get hold of this

young talent. That was not quite the case.

About two months later, 88 dual Dosigners

have found employment. But that leaves

22 technicians still out of a job! And, in

some cases, our advisers took great pains

to find suitable workplaces. This demands

an analysis, of course. Why is it so hard to

find suitable work for these extremely

motivated young people? There is not just

one simple answer.

We note that many companies exist by the

issues of the day: “Yes, we do expect a

shortage at some stage in the future, but at

the moment we’re doing fine.” Or: “We are

so busy right now; there is no way we will

be able to show young people the ropes.”

Unfortunately, many companies are still

struggling to keep their heads above water,

and recruiting more staff is not part of their

short-term business plan.

To summarize, there are many genuine

reasons why it takes longer than one might

expect for young and upcoming Bachelor of

Technology graduates to find suitable work.

To be perfectly clear: all this constitutes no

problem for Dosign Engineering. After all,

the fact that demand and supply in the

(technical) labour market are not in balance

with each other is an important part of why

we exist. We would like to somewhat

modify the picture that has been created

about substantial shortages of highly

educated technicians. This picture does not

always reflect reality, at least not for the

time being. www.in4jaaringenieur.nl

Young Bachelor of Technology graduates are on their way. The ball is now in the business community’s court.

Continued from page 1

By Ramón Feuth, Commercial Manager, Dosign Engineering

Ceciel, 3rd year dual B. Tech Mechanical Engineering

2

Column

Expansion tech talent pool imperative

At the moment, our pond is too small.

Among other reasons, this has to do with

technology’s current image. With Jet-Net,

a youth and technology network in the

Netherlands, we try to bring businesses

and schools in contact with each other.

This allows students to see how much fun

applied technology can be. Our initiative is

beginning to bear fruit. Since our promotions

started, around 50% of students in higher and

pre-university education (“HAVO”/”VWO”)

have chosen for a science and engineering

profile. A negative image of the sector

seems to effect a large number of

vocational students. We want to change

this. We do this by organizing events for

students and their parents, so that they

can see that working in a technical capacity

within the oil & gas sector is clean and

challenging work; that students who

complete a technical study are virtually

guaranteed a job. Some people are put off

by the fact that Shell is so international,

but nowadays a person can spend their

entire career at Shell in the Netherlands if

they want. An international environment,

but still in the Netherlands.

At Shell, working conditions and company

culture are important to both attracting

and retaining staff. Employees like the many

opportunities for personal and professional

development that we offer, and Shell’s

great diversity. This is because we are an

international company, but also because

we aim to attract a wide variety of people;

including, for example, people with a

different orientation or with a disability.

This helps to increase our pond. Diverse

employees in-house also ensure that there

are people who look at the work from a

different point of view.

Shell also makes an effort to recruit women.

For example, in the Netherlands we offer

a mentoring program. Women from Delft

University of Technology, who are about

to graduate, can exchange thoughts and

experiences with young female Shell

employees. Shell has organized a SHE

or “Shell High-tech Event” webinar for

15 November, specifically aimed at women

who are looking for a job in engineering.

Through this webinar, female job seekers

can gain knowledge about Shell and

exchange information about their personal

background. This is the second SHE webinar

this year. 50 women participated in the last

webinar, and five of those women have

been offered a job!

Column by Jules Croonen

The oil & gas sector is currently dealing with the shortage of trained

technical people. In the Netherlands this applies particularly to

technicians at intermediate vocational level (“MBO”), but also

for highly skilled technicians. Because Shell is a strong brand,

we manage to attract good engineers. However, the companies

we work with have difficulty recruiting staff and that can also be a

problem for us. Additionally, Shell will also experience more difficulty

with recruitment as the baby boom generation begins to retire.

A new generation is needed to fill the gap. That is why we must

fish from a larger pond, to increase our technical talent in every

possible way.

Jules Croonen

Vice President Human Resources BeNeLux

and France, Shell

“A new generation is needed to fill the gap. That is why we must fish from a larger pond.”

3

Exhibitor News

Van Oord, Theo de Lange (Manager business development)

For us offshore energy is a very important

market, and both the oil and gas activities

as well as the offshore wind activities are

growing in importance for Van Oord.

Next to that, I think we simply should be

at the Offshore Energy exhibition because

a lot of our clients are walking around

there, making it good for our network.

My feeling is that every year Offshore

Energy is growing a bit, and I think that is

a good sign. The reason is probably that

the Netherlands is still playing a strong

role in the offshore energy field.

Heerema, Bas Bieckman (Manager recruitment)

As a recruitment manager for Heerema,

it is my job to find new talent. This is the

exhibition in the offshore energy industry

were we find the public we need.

Boskalis, Bert van der Velden (Commercial manager subsea services)

For Boskalis it is important to be here to

be visible in the oil and gas industry. This

applies to the renewable energy industry

too, which is a market where we can also

provide our services that we traditionally

provide to the oil and gas industry.

Gusto MSC, Coen Landa (Manager marketing and sales)

I think Offshore Energy is a great event in

Holland. All the main parties in the playing

field of the offshore energy are present

and we are happy to be one of them.

Offshore Energy has the potential to be

one of the main international offshore

events, and that is why we are here.

Damen, Arnout Damen (COO)

We are here for the sixth time and it

is a wonderful event, the quality of the

visitors is very high. Damen Shipyards

is one of the bigger shipyards in Europe,

and we focus on the offshore industry.

This is an offshore trade fair, so this is

where we need to be.

Impressions of Offshore Energy 20134

Exhibitor News

ABB, Bram van Meel (General manager industry)

I think that Offshore Energy is an

excellent place to show all the solutions

that we have. ABB is known for all their

products, but we also have specific

solutions for the offshore energy area.

So what better place to show them off

than at Offshore Energy. I think the right

crowd and the right people are here. Next

to that, there are a lot of interesting

conference speakers.

Blue Water Shipping, Thomas Bek (Global manager Oil & Gas division)

We visited the exhibition last year and

found it to be quite interesting. Offshore

Energy provides a good mixture of

international companies, and a lot of local

companies as well. Due to this we want to

promote our company to the local

companies in the Netherlands. And I must

say that we are very impressed. It all

looks very well organized; there are a lot

of people attending. We have high hopes.

Yokogawa, Niels Koek (Manager industry sales)

For Yokogawa it is very important to

show our face. Many of our relations can

visit us at Offshore Energy, and our sub

suppliers and companies with which we

do business are present. For us it is the

ideal moment to work on our relations

and to do some PR.

5

Exhibitor NewsThank you for your contribution to Offshore Energy 2013

A A. Mauritz & Zn. B.V. | Aandrijf Technisch Buro BV | ABB | ABN Amro | Abraservice Nederland BV | Abuco BV | ACE VALVE (WENZHOU) CO.,

LTD | Achilles First Point Assessment Ltd | Acta Marine | Adesso Valve | Aggreko Nederland BV | Ajax Chubb Varel | Alara-Lukagro

Noise Control Solutions | ALE | Alewijnse Marine Systems | All-Energy, Exhibition & Conference | Allpacks International | Allport |

Alphatron Marine B.V. | Alphatron Security Systems B.V. | Altena Group | Amasus Offshore | Ampelmann Operations B.V. | AncoferWaldram

Steelplates b.v. | Anping Qiangguan Ironware Mesh Co., Ltd | Applus RTD | ASCO Holland (Logistics) B.V. | Ascom (Nederland) B.V. | ASTAVA

B.V. | Atlas Copco Nederland B.V. | Atlas Services Group | ATM | Atradius | AVEVA GmbH | AYOP | B Baker Hughes | Bakker Groep Coevorden

B.V. | Bakker Sliedrecht Electro Industrie B.V. | Ballast Nedam | Balluff BV | Bampro Marine | Barge Master B.V. | Bayards Aluminium

Constructie B.V. | BCS Europe | Beal - Edelweiss S.A.S | BEIJING FILTER TRADE COMPANY LIMITED | Bek & Verburg | Beldick Automation B.V.

| Biardo Survival Suits B.V. | BigLift Shipping | BK Maritiem | Blomsma Signs & Safety | Blue Water Shipping | Bluestream Offshore B.V. |

Bluewater Energy Services | BMC Formaco BV | BNR Nieuwsradio | BOIS Equipment Rentals B.V. | Boon Transport | Bosch Rexroth B.V. |

Boskalis Offshore | BOW Terminal | BRAND TS | Brandmarion | Breman Machinery BV | Breman Offshore BV | Brevini Benelux | Bring Cargo

B.V. | Broekman Project Services bv | Brunel | BUKO | Bukom Services B.V. | Bumaco | Bureau Veritas | BUS | C Cadac Group | Callidus Group

| CANGZHOU ZHENGXU PRECISION CASTING CO., LTD | CAPE Holland Group | Cape Netherlands | The Carbon Trust | Carrier Marine & Offshore

| Cathie Associates SA/NV | Cavotec Nederland BV | CB&I | CCA Containers | Central Mudplant and Fluid Services B.V. | CEVA Logistics

Netherlands B.V. | Chalmit Lighting | Changshu Tianping Meter Co., Ltd | China Council for the Promotion of International Trade (CCPIT) |

C-Job & Partners | Clingendael International Energy Programma | Combifloat | Complete Store van Dijk b.v. | Compressor Systems Holland

BV | Conbit Engineering BV | Conquest Offshore B.V. | Cooper Crouse-Hinds B.V. | Crane Inspection Services B.V. / 2Go Access | Croon

Elektrotechniek | Crowe Horwath | CT Systems | Cummins Inc. | D Damen | Daqing Hengtong Electronic Co.,Ltd. | DCE | Deep BV | DeepOcean

BV | Deloitte | Deltastaal | Den Helder Airport C.V. | Den Helder Stores | Den Helder Support Services (DHSS) | DHTC b.v. | Dieseko Group |

DIRECTORATE GENERAL OF OIL AND GAS INDONESIA | Directory Oil & Gas Netherlands | Discom BV | DMT MARINE EQUIPMENT | DNV |

Doedijns Group International | Dosign Engineering | Double D Marine Equipment B.V. | Dräger Safety Nederland B.V. Fire & Gas | Dräger

Safety Nederland B.V. Marine & Offshore | DSE Oil and Gas B.V. | DSR CORP | DUC Diving BV | Dutch Barge Company | Dutch Drilling Consultants

B.V. | DVV Media Group GmbH, Ship&Offshore, Schiff&Hafen | DylanGroup | E EBN | ECN | Eekels Technology B.V. | ELA Container GmbH |

Elcee Holland B.V. | Elcometer NL | Electromach B.V. | Elsto Transmissions | eL-Tec Elektrotechnologie | EMCE Winches | EMHA Technisch

Bureau | EMS Ship Supply - Seven Seas Shipchandlers | Endenburg b.v. | Eneco| Energy Valley | Enerpac | Enviro-1 Distributed by Tennick

Oilfield Services b.v. | Escher Process Modules | euro HÜBNER benelux b.v. | Euro Trade Nederland BV | EUROPORT / Ahoy Rotterdam |

Euro-Rigging | Eurotronic BV | EWEA (European Wind Energy Association) | Expo Valve | Expro North Sea Ltd. | F Fabricom Offshore

Services B.V. | Fairmount Marine | Fawic BV | Femto Engineering BV | FINDLAY IRVINE LTD | Fircroft Engineering Services BV | First Point

Assessment Ltd. | Fliteline BV | Floatex Nederland B.V. | Flying Focus BV | FMJ Marine & Offshore B.V. | FoundOcean | Frames | Franklin

Offshore Europe BV | Friesland Staal | Fugro | Fugro Survey & Geotechnical | G G&G International nv | GDF SUEZ E&P Nederland B.V. |

Geberit B.V. | Gebr. Henschel GmbH | Gelis Nederland | Geometius / PrimeGPS | GeoSea N.V. | Geveke Pompen | GIEK | Globecomm Europe

BV | GloMar Shipmanagement BV | Green Giraffe Energy Bankers | Grundfos Nederland BV | GS-Hydro B.V. | GSS Marine Services BV | Gulf

Oil Nederland B.V. | Gunneman BV | GustoMSC B.V. | H H2M | Haagh Protection BV | HANOVA INTERNATIONAL LIMITED | Harding Safety BV

| Harland and Wolff Heavy Industries Limited | Hatenboer-Water | HAZO Techniek B.V. | HEBEI HAIQIANWEI STEEL PIPE CO.,LTD | Heerbaart

Machinefabriek B.V. | Heerema International Group Services SA | Heerema Marine Contractors | Heerema Offshore Services | Heinen & Hopman

Engineering BV | Hempel | Hendrik Veder Group | HGG Profiling Contractors | Hi-Force Nederland B.V. | Hillebrand | Holland Shipyards |

HONOR Safety & Consultancy B.V. | HSM Offshore | HTT GmbH | Huisman | Hycom-Hydac International | Hydrasun BV | HydraulIQ | HydrauRent

| Hydrauvision | Hydrex NV | Hydrotek BV | Hytorc Nederland BV | I IFS Benelux | IHC Motion Control | IMARES | Imbema Groep | IMT B.V.

| Imtech Marine Netherlands | Indofin | Innovative Input | InnoVfoam B.V. | InterDam B.V. | International SOS | InterStep B.V. | INTRAMAR

insurances | iPS - Powerful People | IQ-Pass | Irizar Forge | IRO - Dutch Suppliers Association | Iskes Towage & Salvage | Isolatie Combinatie

Beverwijk BV | IST Marine Service Group | Iv-Oil & Gas | J Jamboree Neckwear and CustomCufflinks | JB Systems BV | Jiangsu United Asia

International Exhibition Co., Ltd | Joop van Zanten Staalservice BV | Jotun B.V. | Junttan Oy | K Kabelschlepp Metool Ltd | KAIDONG GROUP

CO., LTD | KAMAG Transporttechnik GmbH & Co. KG | KCI b.v | Kemper Shipbuilding & Offshore (KSO) | Kenbri Fire Fighting B.V. | Kenz Figee

Group | Keppel Verolme B.V. | Kewei Intelligent Technology Co.,Ltd. | Kingspan Environmental Ltd | Kongsberg Maritime Holland BV | Koninklijke

Nederlandse Vereniging voor Technici op Scheepvaartgebied | Konutherm BV | Koole | KOTUG International b.v. | Kros bv | KVSA Logistics |

Gold sponsor Supporting partners

In association with

6

Exhibitor NewsThank you for your contribution to Offshore Energy 2013

KWx B.V. | L Labrujere Groep B.V. | Lagendijk Equipment | Lapp Benelux B.V. | LEAD VALVE CO., LTD | Liebherr | Lift-Tex Industrie | Lishui Ouyi

Valve Co., Ltd | LKAB Minerals | LKL Oceantrade | Lloyd’s Register Nederland BV | Load Systems UK Ltd | Louis Reyners BV | LSB Sky-Access |

Lubbers Transport Group | Luyt Groep BV | LV Equipment BV | M M.S.E. Metal Service Europe BV | Machine & Lierenfabriek Kraaijeveld |

Machinefabriek G. van der Ploeg bv | Magnaparts B.V. | Main B.V. | Mammoet Nederland B.V. | MAN Diesel & Turbo Benelux BV | Manuplas

Ltd. | Marin | Maritieme Academie Holland | MaritiemeVacaturebank.nl | Maritime by Holland | Maritime Campus Netherlands | Maritime

Journal | Maritime Shipcleaning Rotterdam BV | Marsh Nederland | Matecs B.V. - Machining Construction Service | MBO Raad | McKinsey &

Company | MCW Studio’s | MEO BV | Merford | Metaalgaasweverij Dinxperlo WIRE WEAVING CO. LTD | METAGRO - Metaalbouw Groot-Ammers

BV | MFE Machining & Construction B.V. | MHF Contracting BV | Ministerie van Defensie | Minks Kunststoftechniek BV | MME GROUP |

Mobilis Rentals & Services | Mojo Maritime Ltd | Momac | MOPP bv | MPHolland International freight forwarders | MSIS Chantiers ALLAIS |

Mulder Transport | Muller Dordrecht | MULTI | Multimetaal | Multraship | N N.M. Heilig B.V. / Nederhoed B.V. | NAUTA SHIPREPAIR YARD |

Nautikaris bv | Neptune Shipyards | Netherlands Africa Business Council | NHN Development Agency Holland North | NIBC | NICOLAS Industrie

| NironStaal | NNOW | No Limit Ships bv | NOGEPA | NOORDWEST Services & Security B.V. | Nord-Lock Benelux B.V. | Nortek B.V. | Notra B.V.

| NRG | NRG Magazine | NV Port of Den Helder | O Oac-Group | Oceanic Marine Contractors | Oceanteam Shipping BV | Oceanwide |

Offshore Ship Designers | Offshore Visie / Offshore Holland | Oliver Valves Nederland B.V. | Ommeren Metaaltechniek BV | Oranje Nassau

Energie | Orga Offshore | OSBIT Power Ltd | Oxifree Holland | P P.C. Jansen Marine & Offshore Trading BV | PANOLIN | Parker Hannifin B.V.

| Parts Supply Worldwide BV | Paul Meijering Stainless Steel | Peterson | Peterson IJmuiden B.V. | Peterson Recruitment | Peutz bv | PFF

Group | Pharos Marine Automatic Power Ltd | Plating Solutions | Pleuger Water Solutions | PMF MECHANICAL | Policy Research Corporation

| Pon Power | Port of Amsterdam | PowerFlex Fluid Handling Products B.V. | Praxair BV | Procint Process BV | Producciones Gudnus SL |

Profex BV | Progressive Global Energy & Natural Resources | ProSystems International B.V. | PWC | Q Qingdao Dacang Pipe Anticorrosion &

Thermal Insulation Equipment Co,.Ltd | Qualified People B.V. | R Rabobank | RAD Torque Systems B.V. | Radial Software Group B.V. | RAEDER-VOGEL

RAEDER-UND ROLLENFABRIK GMBH & CO. KG | Rambøll | Rapid Head Systems | Rebo Sign & Labeling Systems | REDWAVE | Resato International

B.V. | Reym bv | RINGSPANN Benelux BV | Roxtec | Royal Dirkzwager | Royal HaskoningDHV | Rush Offshore Services bv | S Sagro Groep |

Salzgitter Mannesmann Line Pipe GmbH | Salzgitter Mannesmann Precision GmbH | SBM Offshore | Scaldis Salvage & Marine Contractors

N.V. | Scan-Sense AS | Scheepsbouw Nederland | SCHEUERLE Fahrzeugfabrik GmbH | Schlumberger | Schottel | Score (Europe) Limited |

Score Diagnostics Limited | Seabed BV | Seacontractors | Seamar Services / Shipping b.v. | SEASCAPE BV SUBSEA TECHNOLOGY | Seaway

Heavy Lifting | Seawork | Seazip Offshore Service B.V. | seepex GmbH | SENSY LOAD CELLS S.A. | Shell | Shenjiang Valve Co., Ltd. | Shipdock

B.V. | Shipdock Harlingen B.V. | SHIPTRON MCS BV | Shipyard Reimerswaal | Siemens | Sledge Hammer Engineering International B.V. | SMST

| SMT Systems BV | Snel Staal BV | Snijders Intelligent Automation | SOMA Training | Sonardyne International Ltd. | SpeedCast Maritime |

SPT Offshore | SST Staalsnijtechniek B.V. | Star Oil Gas Power | STC-Group | STC-KNRM | Steel Blue | Steenbergen Produktietechniek B.V. |

Steuer Nederland B.V. | Stokvis Trading B.V. | Sungo Valves Group Co.,Ltd | T T.A.L. Holland B.V. | Technip-EPG B.V. | Technotex | Temporary

Works Design bv | The Economist | Thern winches & cranes | Theunissen Technical Trading | Thielco Steel Solutions Group | Tianjin FSK Flow

Control Equipment Co,.Ltd | Tianjin Sianjia Flow Control Systems Co., Ltd | Tideland Signal Limited | Tideway Offshore Solutions | Timmerman

Industrial Repairs B.V. | TKF (B.V. Twentsche Kabelfabriek) | TKI | TNO Maritime & Offshore | Tool Peaks Industries Limited | Toolspecial | TOP

Offshore | TOS bv – Energy & Maritime Manpower | Tosec BV | Tranship B.V. | Trimergo International BV | Tri-Uni International BV | Tschudi

Offshore & Towage | TU Delft | Tulip Oil | Twin Filter | U Ulstein Idea Equipment Solutions and Ulstein Sea of Solutions | Unique Lights

Nederland B.V. | Unique Seaflex Ltd. | Unishore | United Offshore Services V.O.F. | Universal Foundation | V Valfacts B.V. | Van Beest B.V. |

Van der Leun Installatiebouw BV | Van der Wal Beheer BV | Van Dyke Energy | Van Gool Lifting Equipment, Fall Arrest and Liftinggear Hire |

Van Leusden B.V. | Van Oord Offshore BV | Van Oord Offshore Wind Projects B.V. | VandeGrijp Buizen BV | VAPO Hydraulics NV | VDS Offshore

Construction Terminal Vlissingen | Vector Maintenance Management B.V. | Venko Groep | Verbrugge Terminals b.v. | Verebus Engineering |

Versatec Energy B.V. | Victor Lighting | Voith Turbo B.V. | Von Arx Nederland / Steelcon B.V. | Vroon Offshore Services B.V. | VSMC | W

Wageningen University | Wärtsilä | WEG Netherlands | Welding Company | Westland Logistiek BV | Wijngaarden VeiligGoed | Wilhelmsen

Ships Service | Willis B.V. Energy and Maritime (Netherlands) | Winteb BV | Wood Mackenzie | Workfox - Seafox | WRS Group | WVT

Industries nv | Y Yellow & Finch Publishers | Yokogawa Europe & Africa | Z Zeehaven IJmuiden N.V. | Zeeland Seaports | ZF Marine Krimpen b.v.

| Zwatra Transport

Sponsors and partners

AA_3coloursU.epsABN AMRO 3 PMS colours for uncoated paperWidth shield: 20 mmOverlap: 0,05 mm

7

The Offshore Energy Industry Panel

2013 featured Mark Bloemsma, CB&I,

Horst Fischer, Siemens AG, Chris

Stouthamer, Shell / ONEgas, Vincent

Oomes, Deloitte, Alexander van Noort,

Schlumberger, Kees Willemse, SBM

Offshore, Ton Wouterse, Rabobank

The Offshore Energy conference program

addressed developments in oil and gas

E&P as well as wind, wave, and tidal

advancements and their respective

contributions to the future energy supply

and the challenges associated with this.

The session “North Sea Exploration

& Production” featured experts from

WoodMackenzie, EBN, GDF SUEZ E&P

Nederland BV. These entities offered

insights into the future E&P potential,

put results, and expectations in a historic

perspective. And they also addressed

ways to maximize oil and gas recovery.

The “State-of-the-art vessels for the offshore

industry” session included a presentation

about the Blue Orca stimulation vessel of

Baker Hughes, especially engineered for

North Sea conditions. In the same session

GustoMSC provided details on the execution

of a latest generation drillship project, the

Ocean Blackhawk.

The session “Advances in wave and tidal

energy”, with contributions from Bluewater

Energy Services, Rambøll, Mojo Maritime

Ltd., and others offered insights into the

state of play in tidal generators, installation

vessels, wave energy demo projects, and the

bankability of wave and tidal test projects.

On the second day of the event, as part

of the session “Minimizing environmental

impacts of oil and gas activities”, Tinka

Murk of Wageningen University gave a live

demonstration by comparing the official

dispersant Corexit 9500 with a new

adsorbent called ‘Ecotech’, which may

prove to be a revolution in oil spill

response. Other contributors to this

session were IMARES on Arctic operations

and Royal HaskoningDHV on spatial

pressure on the North Sea as a result

of competing offshore activities.

Organized in cooperation with the

Netherlands Africa Business Council,

the session “Opportunities in East-Africa”

presented opportunities in Mozambique,

Tanzania, and Uganda in particular. This

session also identified the main challenges

for doing business. With contributions from

the Netherlands Africa Business Council,

Heerema Marine Contractors, Fugro,

and others.

For the first time, the annual Offshore WIND

Installation and Maintenance Conference

was held simultaneously with Offshore

Energy. The conference brought together

experts from every part of the wind

industry to give their opinions and

describe how they are working toward

bringing down the price per kWh.

Panels

Offshore Energy once again featured

a high caliber “Industry Panel”, which this

year discussed the industry’s growth

potential and drivers for, and impediments

to, growth. The panel - including

representatives from Shell, SBM Offshore,

Schlumberger, CB&I, and Siemens -

discussed projects of ever increasing scope

and complexity, and how partnerships with

clients, subcontractors, and other service

providers are shaped and reshaped.

New this year is the “Drilling & Dollars

Panel”. This panel brought together

financial experts from the upstream oil

and gas industry value chain, along with

private and public financial institutions, for

a discussion on investment opportunities in

oil and gas, challenges in project financing,

and reserve based lending. Not to mention

the latest cutting edge financing solutions

against the backdrop of the financial crisis.

Another new panel was the “Human

Capital Panel”, which discussed the

solutions of individual companies as well

as industry-wide initiatives and the role of

government and education in promoting

the industry to students, in an effort to

deal with the pending big crew change.

Securing our energy future80+ expert speakers discuss energy challenges and innovative solutions

Would you like to receive copies of the presentations or session reports? Please send an email to Femke Perlot-Hoogeveen at fh@navingo.com

8

In the beginning of September 2013

Cummins Europe and JB Safe Diesel

unveiled SafePack™, a brand new range

of Zone 2 compliant diesel power units,

specifically designed for use in hazardous

areas. In these environments, a SafePack™

is typically applied to drive compressors,

pumps, alternators, and transmissions.

Leon Jenner, Cummins Regional Sales

Manager Oil & Gas for Europe: “Offshore

Energy has been an ideal platform for us to

further introduce our latest development

to the offshore and Oil & Gas market, but

also to reinforce our local presence and

capability in the marine market. Although

the event is relatively new,

we were pleased to meet business

contacts from The Netherlands and also

from the other major European Oil & Gas

countries, such as the UK and Norway.”

Market conditions at the global offshore

industry have been booming for quite some

time. Whereas the capital expenditure

(Capex) of the oil & gas industry amounted

to USD 100bn in the year 2000, it jumped

to more than USD 600bn in 2012. As shown

in table 1, the number of large oil & gas

projects, whereby the Capex budget

exceeds USD 1bn, quadrupled between

2001 and 2011. The complexity of these

large projects has increased as well,

because projects are more and more in

(ultra-) deepwater or in remote areas,

such as in northwest Australia. As a result,

the changes of keeping the original budget

under control has decreased. According

to SBC “only” 10% of the large oil & gas

projects faced a large (>50%) budget

overrun in 1997, but this percentage

jumped to 16% in 2005 and to 28% in 2011.

See table 1 Growth number of large projects

A number of very large gas projects take

place in Australia, as shown in table 2.

High demand for natural gas in Japan

and China stimulated the exploration of

these fields, also boosted by the nuclear

disaster in Fukushima in 2011. The size

of these projects is huge because of the

remote area, the high costs to construct

LNG trains (Liquefied Natural Gas), and

setting up a whole new infrastructure.

Whereas the main operator Chevron (47%

of the equity) estimated the investment in

Gorgon at USD 37bn in 2009, the company

raised its estimate by 41% to USD 52bn at

the end of 2012, which rise for one third

was caused by the appreciation of the

Australian dollar, but also by sharply higher

labor costs (+29%), severe weather, and

logistical challenges.

See table 2: Original versus updated Capex

budgets at large LNG projects in Australia

Although Gorgon is a huge project – the

estimated cost overrun of USD 15bn, of

which 47% has to be taken by Chevron –

it “only” accounts for 3% of the company’s

market capitalization, i.e. Chevron will not

enter into financial difficulties because of

Gorgon. Major contractors at the Gorgon

project are CB&I Kentz JV (CB&I, Kentz),

Kellogg JV (KBR, Kellogg, Clough), Hyundai

HI, GE, and Leighton. The contract sizes

(>USD 1bn) are sometimes relatively limited

compared with the market capitalizations,

but several companies could be hit strong

when they are held financially responsible

for these cost overruns.

To sum up, there is a clear trend of taking

risks. This could lead to the cancellation of

original plans, such as Browse in Australia.

However, the world still needs more fossil

fuels, which will have to be explored in

more and more difficult areas. To offset

this trend, surveys show that adequately

resourcing project teams is key, whereby

time should not be an issue. Therefore,

we believe that forming strong (human

resources, finances) joint-ventures

between the major parties involved (oil &

gas companies and contractors), especially

at the early stages of a project, is essential

to weigh the risks versus the benefits.

Regarding Australia, the oil & gas industry

could not cope with so many large projects

in such a short time period. New mega

projects could, in our view, be better

postponed until the current big projects

are completed, so that the labor market

can return to a more normal situation.

Number of large projects and associated risks rapidly increasing in at the offshore industryBy Richard Brakenhoff, Industry Analyst and Ton Wouterse, Senior Banker Wholesale Maritime Industries, Rabobank

Table 1: Growth numer of large projects 2001 2011

E&P spend (USD bn) 150 550

Projects >USD 1bn 50 200

Number of operators managing projects >USD 1bn 12 >40

Source: Schlumberger Business Consulting (SBC)

Table 2: Original versus updated Capex budgets at large LNG projects in Australia

Project Operator Decision made Production LNG m tons

Originally est. costs USD bn

Estimated pro-duction date

New est. Costs USD bn Chg YoY

Gorgon Chevron Aug 2009 15.6 37.0 2014 52.0 41%

Curtis Island BG Group Oct 2010 8.5 15.0 2014 20.0 33%

Gladstone Santos Jan 2011 7.8 16.0 2015 18.5 16%

APLNG ConocoPh. July 2011 9.0 20.0 2016 24.7 24%

Wheatstone Chevron Sep 2011 8.9 29.0 2016 29.0 0%

Ichthys Inpex Jan 2012 8.4 34.0 2016 34.0 0%

Browse Woodside 2015 12.0 30.0 Postponed 45.0 50%

Source: Company websites

Safepack™ unveiled at Offshore Energy

9

At Deloitte we asked ourselves to which

extent cheap shale gas, now trading below

USD 25 per barrel of oil equivalent (boe)

in the US, could also impact the offshore

oil & gas sector. To answer this question,

we used Deloitte’s proprietary World Gas

Model, which helps to understand

volumes and prices per region*.

In a world without US shale gas exports,

the model suggests, prices in the US itself

will rise as more assets switch from oil and

coal to gas. Even so, prices will still remain

50% below the European and Japanese

levels of USD 60/boe. Consistently high

prices outside the US mean a doubling of

LNG production by 2030. Offshore gas

output will help Australia to surpass Qatar

as the world’s largest LNG producer in the

next few years.

To imagine what happens if US shale gas

is exported (e.g. through the new Kitimat

export terminal or the Sabine Pass LNG

facility), we modeled the impact of 6 billion

cubic feet per day (Bcfd) in US gas exports;

this is less than 10 percent of US production.

As expected, prices in the US would go up,

while those in the rest of the world would

go down. But the effects are relatively

modest: gas in the US would become no

more than USD 0.8/boe dearer and gas

in Europe and Japan would be up to USD

3.3/boe cheaper than in the no-exports

scenario.

The main victims of these US gas exports

will be the LNG projects in Australia,

Indonesia and Brunei. With costs over

$70/boe these are already among the most

expensive gas projects in the world. West

African LNG and North African and Russian

natural gas exports will also be impacted.

With a negative price outlook and

well-publicized costs overruns in Australia,

a number of offshore mega projects have

already been cancelled: Browse, Pluto

(Australia) and Shtokman (Russia). Given

the long development cycle, the required

consensus among the partners, the

involvement of many different parties

(gas supply, liquefaction, marketing)

and complex nature of final investment

decisions (contingent upon the solidity

of the many agreements that underwrite

the economic viability of the project)

these offshore gas projects are expected

to suffer from significant delays.

Will offshore gas super projects be

shelved again? No, Japan and China are

still hungry for gas and they are willing to

pay premium dollars to secure supply. But

when US shale gas exports do materialize,

they will result in a global rebalancing of

gas flows that will reduce the appetite to

invest in offshore gas super projects.

*”Exporting the American Renaissance:

Global impacts of LNG exports from the

United States”, Deloitte (January 2013)

Read More:

www.deloitte.nl/energy

Offshore Gas Super Projects: back on the shelf?

Vincent Oomes, Partner, Deloitte

Peter Sanders, Strategy consultant, Deloitte

The global natural gas market production

is going through fundamental changes.

Four years ago, anyone proclaiming

a role for the United States as a gas

exporter would have been ridiculed.

Conventional wisdom said ‘gas reserves

are depleting and prices will remain

volatile’. Today, the abundance of shale

gas reserves has nobody worrying about

supply shortages any longer and prices

only show a downward trend.

10

AYOP (Amsterdam IJmuiden Offshore Port) can stand proud,

especially if it’s up to Ron Davio. The Chairman looks back on

Offshore Energy 2013; the exhibition where 27 of the 45 AYOP

members operated jointly for the first time from a single stand.

And successfully at that! The open and inventive stand –

thirteen by six meters and surrounded by four meter high

towers, as if it were an offshore platform – was an absolute

magnet to anyone around it. A contributing factor to this interest

was the centrally located pavilion, where many attendees could

stop and enjoy a drink or snack while they networked.

Davio: “It was all highly animated. I got a strong impression

that the AYOP team did very well; with new contacts, but

also with existing contacts.” He went further and noted that

it was completely gratifying to see that some of AYOP’s newest

members were there, such as IPG (Industrial Pump Group

Netherlands), MAIN, BK Group, and Willis. Willis even sponsored

the Happy Hour that took place in the pavilion on the first day.

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Industries: Offshore Power GenerationPetrochemicalPipeline ConstructionEngineers & Contractors Vessel BuildingProcess Control

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World-Wide Ful� llmentin Offshore and Energy

Reservation Offshore Energy 2014

Do you want to be part of Offshore Energy next year? You can

easily arrange your pre-reservation by sending an email to

Ms. Annemieke den Otter, ao@navingo.com with subject

line: Pre-reservation Offshore Energy 2014 and the following

information:

• Booth size (in square meters)

• Full service package or space only (min. 24m2)

• Contact details

By sending this information your space will be reserved.

We will contact you at the end of 2013 to convert your

pre-reservation to a confirmed booking.

Please note: Exhibitors from 2013 will have priority choice

to book a stand up to 13 November 2013.

AYOP pavilion great success

Full service participation

4x2 meter (8m2) € 3,750 6x3 meter (18m2) € 6,875

4x3 meter (12m2) € 4,995 6x4 meter (24m2) € 8,600

6x2 meter (12m2) € 4,995 8x3 meter (24m2) € 8,600

8x2 meter (16m2) € 6,125 8x4 meter (32m2) € 11,150

Space only

€ 299 p.m. and starting from 24 square meters

(excluding full service package)

Co-exhibitor € 495

Outdoor Area € 995* + € 150 p.m.

* fixed fee only applies to non indoor exhibitors

11

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Announcing Offshore Energy 201428 & 29 October | Amsterdam RAI | the Netherlands