The FPSO Europe Congress opened with a keynote address from Puneet Sharma, Vice President at MODEC as he provided a realistic view of the state of the FPSO nation. Expertly combining various sets of data, Puneet outlined the clear steps required for the industry to adopt stronger collaboration and technological innovation to enhance efficiencies and drive costs down.
FPSO Stakeholders Dialogue
The FPSO Stakeholders Dialogue featured Terry Hughes, Project Director, Tullow Oil, Curtis Lohr, Stones Project Manager, Shell, David Hartell, Senior Development Manager, Premier Oil and Puneet Sharma, Vice President, MODEC as they discussed the effect of low oil prices on the entire FPSO project lifecycle, and how the industry needed to re-align expectations and move towards more practical strategies.
Contractors Power Panel
This was followed by the FPSO Contractors Power Panel, where CXOs and senior decision-makers from Teekay Offshore, Yinson Production and SBM Offshore debated the direction the FPSO market was headed and more importantly, the strategies the leasing market needed to adopt to remain economically robust.