Energy Insurance Middle East Brochure

Business Information In A Global ContextInsurance solutions to address and cover the risks and exposures in oil and gas exploration & production“ Subject matter and speakers were extremely good with great diversity” David Watson, Senior Accounts Engineer, Torus Insurance Ltd (Energy Insurance, London, May 2010)cover the risks and exposures in oil and gas exploration & production ENERGY INSURANCE Middle East ForumHilton Dubai Jumeirah Hotel | UAE | 8th – 9th February 2011Boots and CootsMarsh Crawford and CompanyKennedysWillisKuwait Petroleum CorporationMatson Driscoll & DamicoChartisUnited Insurance Brokers (DIFC) LtdZurich Global EnergyJohn FoordTrust Re Dubai International Financial CentreJLTMasdar Abu DhabiEmirates National Oil CompanyIntegra Technical ServicesLiberty International UnderwritersGulf ReArab Petroleum Investments CorporationGlobal Marine and Energy Loss AdjustersCapital Consulting InternationalClyde and CoHear from industry experts including: Leaders in the upstream and downstream oil, gas and petrochemical insurance sectors will provide you with expert guidance and advice on:• The complexities in providing delay in start up and advanced loss of profi ts cover• Control of well – What lessons can be learned from the Deepwater Horizon incident?• Asset Valuations – What is the basis of value and agreed methodology?• The latest and upcoming renewable energy projects in the Middle East• What construction risks are arising from onshore oil, gas and petrochemical projects which require insurance provision? Conference ChairsMichael MorganRegional ManagerMiddle East, Zurich Global EnergyGeorge KabbanCEOUnited Insurance BrokersMedia Partners:Sponsored by:To register call +44 (0) 20 7878 6888 or register online at www.C5-Online.com/EnergyInsMEWith large scale onshore and offshore energy projects proceeding at a rapid pace in the Middle East, the increased demand for insurance provision brings with it a wealth of opportunities for insurers. While the Deepwater Horizon incident has been making the headlines globally in relation to offshore risks, there are many ambitious projects specifi c to the Middle East region, which bring a variety of risks and hazards. With $3 billion worth of energy construction projects taking place in the UAE alone, understanding the operational and technical complexities surrounding these ventures is paramount for anyone working in energy insurance.C5’s comprehensive, content driven forum will leave no stone unturned in providing you with the essential information you require to understand the major risks and exposures in the upstream and downstream oil, gas and petrochemical markets in the Middle East.C5 has brought together an outstanding faculty of the leading insurers, risk managers, brokers, loss adjusters, warranty surveyors, lawyers and consultants from the upstream and downstream energy sectors. They will provide you with the essential information you need, together with their insights, based on many years of experience.Make sure you are there for expert guidance and advice on:• The risks arising from the latest developments in technology for oil and gas exploration and production• The technical challenges being faced by offshore construction projects in the MENA region• How underwriters can accurately assess the risk of downstream BI exposures• What types of energy claims are occurring in the Middle East?• And much more...Make sure you join leading experts in the energy insurance market – you simply cannot afford to miss this unparalleled opportunity to learn from and network with those at the forefront of the industry.Register today by calling +44 0207 878 6888 or fax your registration form to + 44 0207 8786896 or register online at www.c5-online.com/EnergyinsME.WHO SHOULD ATTENDUnderwriters •Loss Adjusters •Warranty Surveyors •Brokers •Reinsurers •Risk Managers • Insurance Lawyers •(in-house and private practice)Consultants & other advisers •GLOBAL SPONSORSHIP OPPORTUNITIESC5, along with our affi liate organisations in New York, American Conference Institute (ACI) and in Toronto, The Canadian Institute (CI), works closely with sponsors to create the perfect business development solution catered exclusively to the needs of any practice group, business line or corporation. With over 500 conferences held in Europe, Russia and the CIS, China, India, the US and Canada, C5, ACI and CI provide a diverse portfolio of fi rst-class events tailored to the senior level executive. For more information about this program or our global portfolio, please contact: Jo Menzer on + 44 (020) 7878 6978 or email j.menzer@c5-online.comKennedys is a specialist national and international legal fi rm with unrivalled expertise in litigation and dispute resolution. With over 900 people globally, across nine UK and eight international locations, our lawyers provide a range of specialist legal services for many industries including: insurance/reinsurance, construction, healthcare, employment, rail sectors, maritime and international trade. www.kennedys-law.com“ Conference was very beneficial and I would certainly recommend to colleagues. Good spread of topics and speakers and interest maintained over both days”Gavin Coley, Claims Manager, Amlin (Energy Insurance, London, May 2010)To register call +44 (0) 20 7878 6888 or register online at www.C5-Online.com/EnergyInsMEDay One: 8th February 201108.00 Coffee and registration 09.00 Chair’s Opening RemarksMichael MorganRegional Manager, Middle East, Zurich Global Energy09.15 The Middle East Energy Insurance Market – Outlook for 2011 and Beyond Panel Moderator:Michael MorganRegional Manager, Middle East, Zurich Global EnergyPanellists:Andrew GeorgeHead of Energy EuropeMiddle East and Africa, Marsh Raghunathan KrishnanController Group InsuranceEmirates National Oil CompanyMike GosselinPractice Leader, Marine Energy and ConstructionLiberty International UnderwritersDr Nasser SaidiChief EconomistDubai International Financial CentreOverview of the energy market in the Middle East • how is the underlying oil, gas and petrochemical –industry in the middle east changing? what are the opportunities for the –insurance industry?Changing dynamics in the Middle East insurance • market – What insurance capacity is available in the marketplace? How is the reinsurance market expanding • within the region?What cover can be obtained in the market?• What level of premiums are being retained • for upstream and downstream risks?Overview of regional construction projects: • what insurance issues are arising?Who are the new entrants in the insurance • market in the region?10.30 Morning Refreshments10.50 Control of Well Onshore and Offshore: Analysing and Mitigating the Risks Bill MarkusGlobal Operations Manager – Risk Management ServicesBoots and Coots George KabbanCEO, United Insurance Brokers (DIFC) LtdRecent blow outs in the Middle East region • What are the challenging territorial dynamics • in the region in relation to drilling wells?What lessons can be learnt from the Deepwater • Horizon incident?Assessing blow out preventers – what are • the consequences of faulty preventers?how best to limit damage –Risks associated with onshore production• What are the logistical challenges in providing OEE? • How are rates determined for control • of well coverage? How to accurately rate control of well risks from • an underwriters perspective11.50 Analysing the Risks and Exposures Surrounding the Provision of Downstream Business Interruption CoverJohn KiddCountry Manager, Crawford and CompanyNick ThomasPartner, KennedysNeil ThomasExecutive DirectorEnergy Property and Casualty Claims WillisWhat expertise is available in the region in terms • of BII capacity?Determining the right level of deductibles • in BI policiesHow can underwriters accurately assess the risk • of BI exposures?What expertise is available locally in terms of repair • and reinstatement?Can equipment be quickly replaced?• What contingencies should petrochemical plants • have in relation to BI?what arrangements should they have with –their suppliers? what critical spares do they need to keep –on site in refi neries, plants? How do you build more contingency in to the design • of a refi nery?How can underwriters calculate the exposures • for contingent BI? How does an insured establish an accurate sum • insured and avoid underinsurance in a shifting commodity market?To register call +44 (0) 20 7878 6888 or register online at www.C5-Online.com/EnergyInsME13.00 Lunch14.15 Assessing the Construction Risks Arising From Onshore Energy Construction Projects in the Middle East Speaker to be announced ChartisNicolas ThévenotExecutive Vice PresidentProject & Trade Finance DepartmentArab Petroleum Investments CorporationWhat are the major onshore oil, gas and • petrochemical related construction projects taking place in the Middle East? What are the fi nancing considerations for these • major projects?What kind of completion undertakings are expected • from sponsors?What fi nancing is available?• What construction risks are arising which • require cover?Assessing the project life cycle• how do contractors deal with the risks associated –with delays occurring? how do they overcome problems in obtaining –key materials?15.15 Afternoon Refreshments15.30 Understanding the Complexities in Providing Advanced Loss of Profi ts and Delay in Start –Up CoverMarkus HeissPartner, Matson Driscoll & Damico Alan PurbrickManaging DirectorCapital Consulting InternationalEwan CresswellDirector, Integra Technical ServicesWhat are the exposures relating to Delay • in Start-Up?How do you calculate and quantify the exposures• and what is your actual loss?Why are the terms of agreement for this • cover important? Issues arising from DSU claims• What losses due to a delay are actually covered • and how do we assess them? Is the lack of historical experience the main issue • in calculating DSU/ALOP losses?How to deal with Liquidated Damages or Take • or Pay arrangements How to deal with commissioning revenue during • the delay period How to separate losses due to insured • and non-insured delays Do we pay twice when we pay debt service • and capital repayment plus net profi t? What records can we expect and which ones • do we need to assess the covered loss?How to assess fi xed costs for a loss• –making start–up operationProblems encountered with post loss analysis • - is the end result correct?Benefi ts of undertaking project monitoring? • – why bother monitoring?Analysis of monitoring of DSU and BI claims • – is there a difference?Is project monitoring cost effective?• 16.45 Chairman’s Closing Remarks and Conference AdjournsDay Two: 9th February 201109.00 Chairman’s WelcomeGeorge KabbanCEO, United Insurance Brokers (DIFC) Ltd09.15 Energy Insurance Claims: Recognizing the Exposures and Minimizing the LossesAbdulaziz DashtiTeam Leader, Risk Engineering Corporate Risk Management, Kuwait Petroleum CorporationMichael GertschChief Underwriting Offi cer, Gulf ReIan PetersMiddle East Practice Leader – Forensic Accounting & Claims Services, MarshWayne JonesPartner, Clyde and Co What types of energy claims are occurring?• What technical problems are arising • in pipeline claims?are they being secured in the right way? –can they be repaired quicker? – – options to improve repair timethe latest on subsea pipeline claims –Lessons learnt from claims • – How do energy companies try to limit losses? what provisions do they have in place? –what is their contingency plan to make sure –these losses don’t occur again?Which areas are we seeing frequent claims?• loading and unloading of jack ups and platforms –control of well claims –handover claims –To register call +44 (0) 20 7878 6888 or register online at www.C5-Online.com/EnergyInsME10.30 Morning Refreshments10.45 New Offshore Construction Projects in the MENA Region: Assessing the Risks Faced by InsurersTerry RobinsonRegional Manager and PartnerGlobal Marine & Energy Loss AdjustersOffshore construction projects in the MENA region • – what are the technical challenges being faced and the risks arising from them?move to deeper waters away from mature fi elds –offshore platforms –What are the risks associated with pipe lay? • special risks associated with fl exible pipes –and large pipes claims arising from pipelines understanding –the exposures and how to manage themWhat are the technical challenges being faced • by these projects? WELLCAR wording • what is covered by the wording and what –is not covered?is it adequate to cover for the interests –of underwriters? 11.45 Energy Asset Valuations in the Middle East: Onshore and OffshoreGraham CopelandManaging Director, John FoordAre assets generally under-insured in the • Middle East?Calculating replacement costs for offshore • and onshore assetsWhere do the values currently come from?• What is the basis of value and agreed methodology?• replacement with new versus book value –Why are correct sums insured important?• Dealing with currency fl uctuations• How do market forces affect the replacement value?• Supply and demand of construction materials • – how is this affecting current building costs?12.45 Lunch14.00 Renewable Energy in the Middle East: Future Prospects, Risks, and the Role of InsurancePeregrine TowneleyChairman of Middle-East and North Africa for JLT groupKamal TabajaUnderwriter, Trust Re Clayton MetayardManager Insurance and Risk, Masdar Abu Dhabi Assessing the benefi ts arising from renewable • energy projects in the Middle EastWhat are the latest and upcoming projects • in the region?What are the risks involved in construction • of projects and the following operational phase?How can insurance assist in the development • in the sector?What the current and likely insurance requirements • arising from these projects?15.15 Evaluating the Risks Arising From the Latest Technologies for Oil and Gas Exploration and ProductionSpeaker to be announced What are the latest technological advances • in relation to production techniques?Assessing the latest drilling processes• horizontal and directional drilling –developments in vertical sideways drilling –directional drilling and mud systems –Overview of latest developments in technology, • what impacts have they had and why does a certain technology warrant a more comparative rating?What are the challenges associated with • onshore drilling?16.00 Chair’s Closing Remarks and Conference EndsPost-Conference Master Class 10th February 2011 | 9.05am – 12.00pm How to Effectively Manage the Risks, Liabilities and Exposures Surrounding the Handover from a Construction to an Operational PhaseYour workshop leaders will guide you through key issues including:How do you deal with the handover from • a construction to an operational phase?Claims in the handover stage assessing the causes• Is the claim due to a lack of communication –from contractors or the operators not following procedures correctly?Avoiding disputes relating to the ownership of losses• how to draft contract wording effectively so that –there is no ambiguitydrafting insurance policies in accordance –with construction contracts©C5, 2010Priority Service CodeBusiness Information In A Global ContextWEBSITE: www.C5-Online.com/EnergyInsMEREGISTRATIONS & ENQUIRIES+44 20 7878 6888EMAIL: registrations@C5-Online.comFAX: +44 20 7878 6885PLEASE RETURN TO C5, Customer Service 6th Floor, Trans-World House, 100 City Road London EC1Y 2BP, UK ?¬?? 5 EASY WAYS TO REGISTERPAYMENT DETAILSBY CREDIT CARD Please charge my ? AMEX ? VISA ? MasterCardNUMBER EXP. DATECARDHOLDERBY CHEQUE I have enclosed a cheque for £ ___________ made payable to C5BY BANK TRANSFERC5 Communications LimitedAccount Name: C5 Communications LimitedBank Name: HSBC BANK PlcBank Address: 31 Chequer Street, St Albans Herts AL1 3YN, UKBank Branch: St Albans BranchBIC ( Bank Identifier Code ): MIDLGB22GBP Account (VAT num: 913 0992 30)IBAN: GB41 MID L 4040 0182 1816 22Sort Code: 40-40-01If you wish to pay in Euros€ or USD$ please contact Customer ServiceDELEGATE DETAILSNAME POSITIONAPPROVING MANAGER POSITIONORGANIZATIONADDRESS CITYPOSTCODE COUNTRYPHONE FAXEMAILTYPE OF BUSINESSEvent Code: 579I11-DUBFOR MULTIPLE DELEGATE BOOKINGS PLEASE COPY THIS FORMCALL FOR GROUP DISCOUNTSBook 4+ places and save. Call +44 (0) 20 7878 6888.ADMINISTRATIVE DETAILSDate: 8th February - 9th FebruaryTime: 8.00 - 16.00Venue: Hilton Dubai Jumeirah HotelAddress: PO Box 2431, Marina Walk, Dubai, United Arab EmiratesTelephone: +971 (0) 4 399 1111 An allocation of bedrooms is being held for delegates at a negotiated rate until 30 December. Please check out website for more information.DOCUMENTATION IS PROVIDED BY CDThe documentation provided at the event will be available on CD only. If you are not able to attend, you can purchase a CD of the presentations provided to delegates on the day of the event. Please send us this completed booking form together with payment of £350 per copy requested. For further information please call +44 (0) 207 878 6888 or email enquiries@C5-Online.com.CONTINUING EDUCATIONxxx hours (conference only) plus x hours per master class towards Continuing Professional Developments hours (Solicitors Regulation Authority). Please contact C5 for further information on claiming your CPD points.PAYMENT POLICYPayment policy is due in full upon registering. Your entry to the event will not be guaranteed until payment has been received. All discounts will be applied to the Main Conference Only fee (excluding add-ons), cannot be combined with any other offer, and must be paid in full at time of order. Group discounts available to individuals employed by the same organisation.TERMS AND CONDITIONSYou must notify us by email at least 48 hours in advance if you wish to send a substitute participant. Delegates may not “share” a pass between multiple attendees without prior authorization. If you are unable to find a substitute, please notify C5 in writing no later than 10 days prior to the conference date and a credit voucher will be issued to you for the full amount paid, redeemable against any other C5 conference. If you prefer, you may request a refund of fees paid less a 25% service charge. No credits or refunds will be given for cancellations received after 10 days prior to the conference date. C5 reserves the right to cancel any conference for any reason and will not be responsible for airfare, hotel or any other costs incurred by attendees. No liability is assumed by C5 for changes in program date, content, speakers or venue.INCORRECT MAILING INFORMATIONIf you receive a duplicate mailing of this brochure or would like us to change any of your details, please email data@C5-Online.com or fax the label on this brochure to +44 (0) 20 7878 6887. To view our privacy policy go to www.C5-Online.com/privacy_policy_statement.FEE PER DELEGATE Register & Pay by 14 Jan, 2010 Register & Pay by 14 Jan, 2010? Conference & Workshop £1999 £2099? Conference Only £1399 £1499 ENERGY INSURANCE Middle East ForumHilton Dubai Jumeirah Hotel | UAE | 8th – 9th February 2011579I11_WEB