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Agenda
| Wednesday,
September 3, 2008 |
8:00
- 8:30 AM
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Registration
& Continental Breakfast
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| 8:30
- 9:00 AM |
Conference Introduction, Context, Objectives and Agenda
Pat LaStrapes, president , Zeus Development Corp
LaStrapes will review the context, objectives and agenda for the meeting.
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| 9:00
- 10:00 AM |
Guinea: Will Guinea Become the "Kuwait of West Africa"?
Kent Watts, CEO, Hyperdynamics
This opening presentation will consider a country that has the real potential to not only hold world class oil reserves, but also would welcome and be ready to monetize large reserves of natural gas. Realizing its potential for petroleum can catapult this small country out of poverty, substantially improving the standard of living for the 9 million people that live there. In addition to the emerging potential for world class oil reserves along the Transform Margin Play, moving up the coast of West Africa from as far south as Benin (over 40 discoveries to date with over 8 BBOE), The Republic Guinea holds great promise for gas monetization: in addition to other major resources, it is said to have up to half the world's reserve of bauxite, the raw material for aluminum. With gas available, what is the potential of this small country? Hyperdynamics holds exclusive rights since 2002 to the 31,000 square mile concession offshore Guinea. How did they accomplish this? What is necessary to secure an asset like this? Watts has been asked to answer these questions and much more upon his return from his currently planned trip to Guinea, which will be his seventh trip there since 2005 after a special invitation he received in June from the New Prime Minister of Guinea, Dr. Ahmed Tidiane Souaré.
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| 10:00 - 10:30 AM |
Break |
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| 10:30
- 11:30 AM |
Renewed Upstream Activity and Strategies for Monetizing Gas in East Africa
Stephen Mason, president and CEO, Artumas Group Inc.
Artumas offers a prime example of a company that has adopted a balanced approach for its Mozambique/Tanzanian gas reserves of domestic investment and export development. Mason will outline plans and strategies for developing and monetizing gas reserves in Tanzania Coastal Basin of Tanzania and Mozambique and will discuss why economic development in the local economies has been crucial to success. Mason will discuss various factors that influence success of entrepreneurial upstream participants seeking to monetize gas reserves that fall into the range of 0.5-5.0 Tcf.
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| 11:30
- 12:30 PM |
South African Gas Development and Monetization Strategies
Lucky Mayaphi, managing director, PetroSA
Mayaphi will discuss Ibhubezi and Sable gas field developments, the South Coast Gas (SCG) project and their combined importance to continuing operations of PetroSA’s GTL plant at Mossel Bay. He’ll then shift the discussion to how PetroSA monetizes indigenous gas resources by converting the gas into high-value specialty products rather than commodities, and how those products, because of their higher value, are reaching markets on the US west coast, distant from South Africa, while generating attractive margins.
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| 12:30 - 2:00 PM |
Lunch |
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Luncheon Keynote:
Jérôme Halbout, 4D Global Energy Advisors & Africa Fortesa Corporation
Fortesa International has been active in Senegal since the early-90s and has been monetizing gas locally since the late-90s.
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| 2:00 - 2:45 PM |
Oil Prices: Temporary Bubble or Long-Term Shift
George S. Littell, principal, Groppe, Long, and Littell
Oil for several reasons has been the primary driver for natural gas development in Sub-Saharan Africa: oil revenues have improved availability of capital and infrastructure, gas reserves are often found while searching for oil, and many oil reserves contain associated gas. Given natural gas development projects require long-lead times, Littell has been asked to discuss his firm’s view on long-term oil prices and how this might impact gas monetization in Sub-Saharan Africa.
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| 2:45 - 3:15 PM |
Break |
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| 3:15 - 4:15 PM |
Floating LNG Progress for Sub Saharan Gas Monetization
Brad Hubbard, Mustang Engineering
Mustang Engineering, part of international energy services company John Wood Group PLC (“Wood Group”), has received a patent for its LNG Smart Small Scale, Short Haul concept. The system includes a floating liquefaction unit receiving gas associated with oil production or from a reservoir in a remote location, an LNG shuttle vessel for carrying liquefied gas, and a floating regasification unit for receiving the LNG, vaporizing it and sending it out to a local market distribution system. Mustang reports that it is appropriate for fields with gas production rates of 75 to 300 mmscfd, floating steel or concrete barges for liquefaction and regasification, conventional LNG offloading techniques and where the distance from the oil or gas field to market is approximately 1,000 to 1,500 nautical miles. Hubbard will present details.
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| 4:15 - 5:00 PM |
Strategies for Financing Sub-Saharan Gas Monetization
Allen Brooks, managing director, Parks, Paton, Heopfl & Brown
Brooks will review the key stages of financing for international gas projects from seismic acquisition to production, considering typical levels of capital, lead times and types and sources of investment. He will then identify some the leading financiers who provide capital at each stage, citing some recent examples.
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| 5:00
- 6:00 PM |
Reception |
| Thursday,
September 4, 2008 |
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| 7:45 AM - 8:15 AM |
Registration
& Continental Breakfast |
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| 8:15 - 8:45 AM |
Day 1 Review, Day 2 Agenda
Bob Nimocks, CEO, Zeus Development Corp.
Nimocks will review the key takeaways from day one and then discuss the agenda for day 2.
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| 8:45 - 9:30 AM |
Negotiating Lasting Concessions with Tenuous Governments
Maria Victoria Vargas, Global Transactions Practice Group, King & Spalding
According to the Heritage Foundation, many of the countries with gas reserves in Sub-Saharan Africa are also least friendly environments for doing business. Such countries as Angola, the Central African Republic, Chad, Congo (Brazzaville), the DRC, Guinea-Bissau, Togo and Sierra Leone rank among the world’s lowest for property rights and corruption. How can an E&P company hope to negotiate a meaningful production sharing contract or export concession in a country where rules of law are feeble? Ms. Vargas will discuss this issue. |
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SUB-SAHARAN GAS SURVEY RESULTS, CONCLUSIONS
For the past nine months, Zeus research analysts have examined gas-monetization opportunities in 36 countries: from Senegal, to Somalia, to South Africa. They have prepared online at www.ZeusLibrary.com databases of fields, lease blocks, basins, countries, and infrastructure. These final three presentations will present summary conclusions of Zeus’ research. |
| 9:30 - 10:10 AM |
From Flares to Foreign Currency: Ranking the Opportunities for Gas Development
Anoop Shah, natural gas analyst, Zeus Development Corp
Shah will provide summary highlights and conclusions of the Zeus research, breaking the continent into four geographic regions: West Africa, East Africa, Central States and the growing Southern Market. He will briefly review the geological makeup of the continent and then focus on where investment is expanding and where it is standing still. Then, he will consider some of the innovative approaches developers are using, ranking opportunities by stage of development.
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| 10:10 - 10:40 AM |
Break |
| 10:40 - 11:15 AM |
Profile of Sub-Saharan Gas Reserves: The Next Frontier for Development
Chris Cothran, global upstream analyst, Zeus Development Corp
Cothran is in the midst of conducting a survey of world gas discoveries to identify and rank those fields suited for monetization. He’ll discuss evidence of non-traditional activity and new entrants into basins long ago passed over by the majors. He’ll also address factors differentiating participants and activities in the various basins surveyed.
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| 11:15 - 12:00 PM |
Export vs. Domestic Industry: Who Is Demanding What
Bob Nimocks, CEO, Zeus Development Corp
Nimocks will pull together the key conclusions and takeaways from the meeting, discussing key determinants of how gas monetization will continue to unfold in the sub continent. |
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| 12:00 PM |
Conference Concludes |
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