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MODULE 1
THE FUNDAMENTALS
(1 day)
Singapore, 8 October 2013
KEY DRIVERS & TRENDS TO BE COVERED
Natural Gas Components, Units & Conversions Gas Formation & Reservoirs Gas Reserves Classification & Global Distribution Gas Exploration & Production Unconventional Gas: Shale Gas & Coal Seam Methane Gas Processing & Transportation Options Pipeline vs LNG The LNG Value Chain & Emerging Technologies Gas Usage Including Power Generation & Petrochemicals Introduction to Gas to Liquids
MODULE 2
VIVEK CHANDRA
Principal, Kerogen Consultants & International Energy Executive & Best Selling Pennwell Author of Fundamentals of Natural Gas: An International Perspective Join The Following Companies Who Have Attended MULTIPLE VENUES OF THE NATURAL GAS DYNAMICS COURSE
BP Perth 2008 & 2010, Dubai 2008, Singapore 2009, Adelaide 2012 BP Migas Singapore 2009, Bali 2012 Chevron Perth 2008, Singapore 2009 & Perth 2010 Crescent Petroleum/Dana Gas Dubai 2008 & 2009 Dolphin Energy Singapore 2009 & 2010 Department of Mines and Geology, Nepal Singapore & Bangkok 2010 Exxonmobil Dubai 2009 & Perth 2010 Government of Timor Leste Singapore, January & November 2009 Keppel Offshore Singapore 2009 & Houston 2010 Organised By: Kuwait Petroleum Company Singapore 2010 & 2012 Ministry of Energy & Energy Affairs T&T 2011 & 2013 Mitsui Oil Exploration Singapore 2009 & Bangkok 2010 Mitsubishi Corporation Perth & Singapore 2010 Petronas & Petronas Carigali Perth 2008, Singapore January, July & November 2009, Adelaide 2012 & Singapore 2012 Pertamina Indonesia Perth 2008, Singapore 2009, Bangkok & Singapore 2010, Bali 2012 PTT Thailand Dubai 2008, Singapore 2009 & Bangkok 2010 Santos Perth & Singapore 2010, Perth 2011 & Adelaide 2012 SAVE UP TO Sembcorp Gas Singapore 2009 & 2010 FOR EARLY BIRD OR Shell Dubai 2008, Bangkok 2010, Perth 2011 The National Gas Co of T&T T&T 2011 & 2013 TEAM FEES Tuas Power Generation Singapore 2010 & 2012, Bali 2012 (See back page for details)
Economics of Gas Value Chain Components Breakeven Costs for New & Existing LNG Suppliers LNG vs GTL Economics Comparative Cost of Power Generation Components of LNG and Pipeline Gas Sales Agreements Gas Price Drivers Growth of Spot Trade Role of LNG Aggregators Characteristics of Regional Gas Markets (Comparison of US, Europe & Asian Markets and Pricing Methodologies) Global Gas Trade Trends & Strategies
Media Sponsors:
S$705
What What You Will Will Learn Learn in in Modules Modules 1 1& &2 2
Course Objectives
The course is divided into two independent modules that together, will provide a complete overview of the natural gas industry, from basic knowledge through to complex pricing and contractual concepts. This unique combination gives participants the flexibility to enhance their individual understanding of the entire natural gas value chain by participating in both or individual modules taking them from the Fundamentals through to the more complex Business of Natural Gas/LNG facets of the industry. Participants will gain the necessary knowledge to understand important and emerging concepts, including reserve classifications, unconventional gas, cost of supply, oil price linkages, LNG S curve pricing, spot trade, floating production & regas, and gas-to-liquids. This knowledge will be presented in a practical manner to ensure its relevance to contemporary business requirements. Participants are welcome to participate in each module individually (1 day and 1 days), or to register for both modules (2 days in total). Joint attendance discounts and maximum flexibility options are offered for attending both modules or team registration. Please see registration page for details.
Course Director
Vivek Chandra is the Principal of Kerogen Consultants, a boutique energy advisory firm in Melbourne, Australia. His extensive 22+ years international gas experience includes four years as the senior commercial executive with an Australian energy company with large gas assets, development of gas projects in the Middle East, and diverse experience with ARCO International Oil & Gas Company in the United States and Schlumberger Overseas in SE Asia. He has worked on LNG as well as gas pipeline export projects.
He has a Bachelor of Science degree in Geophysical Engineering from the Colorado School of Mines, a Masters of Science in Petroleum Energy Management and Policy from the University of Pennsylvania, and has also completed a graduate degree from the French Petroleum Institute in Petroleum Economics & Management and a Masters in Commercial Law from Deakin University. Vivek Chandra is the author of Fundamentals of Natural Gas, a bestselling hardcover book published by Pennwell, publishers of Oil and Gas Journal and other leading industry books and manuals. He is also creator of two Iphone/Ipad apps; GasUnits for conversion of natural gas units and LNGProjects, a LNG project database covering over 75 LNG projects.
(Each Module Bookable Separately with Joint Attendance Discounts) MODULE 1 (1Day)
THE FUNDAMENTALS
1. INTRODUCTION What is natural gas ? Similarities & differences between natural gas & oil 2. CHEMISTRY OF NATURAL GAS Components of Natural Gas: - Methane - Ethane, propane, butane, condensate & other condensates Terminology: NGL, LNG, LPG, CNG, rich gas, sour gas, etc 3. NATURAL GAS UNITS Converting gas volume units Calorific values of gas components and products The fallacy of energy equivalent calculations GAS FORMATION & RESERVOIRS Reservoir characteristics The importance of permeability & porosity Types of gas traps and gas fields GAS RESERVES Classification criteria Global distribution of conventional and unconventional gas reserves GAS EXPLORATION & PRODUCTION Principles of geology & geophysics in gas exploration Seismic processing Drilling cycle Sub-sea production systems THE RISE OF UNCONVENTIONAL GAS Coal seam methane Shale gas potential in North America & elsewhere Challenges facing unconventional gas producers PROCESSING & TRANSPORTATION Gas processing plants The gas chain Gas pipelines THE LNG CHAIN Upstream & midstream Liquefaction plants LNG Shipping Regasification terminals
COURSE OUTLINES
MODULE 2 (1 Days)
THE BUSINESS OF NATURAL GAS/LNG
1. GAS ECONOMICS Economics of gas chain components (upstream, midstream, transport) Impact of NGLs on upstream economics Unconventional vs conventional gas break-even economics Cost of LNG chain components (liquefaction, shipping, regasification) Cost of gas vs LNG storage GTL costs and product value Comparative cost and environmental impact of gas generated electricity vs other fuels 2. GAS SALES CONTRACTS Components of LNG and pipeline gas sales agreements, including take-or- pay obligations and other key terms Analysis of an LNG sales contract LNG project structuring 3. GAS PRICING Global pricing dynamics Gas price drivers, including indexation and relationship between oil & gas prices Gas-on-gas pricing vs oil price linkage LNG vs pipeline gas pricing Evolution of S curve pricing Proposed North American LNG pricing model vs unconventional LNG pricing GLOBAL GAS TRADE Growth of cross-border pipelines Influence of spot market on long-term contracts Role of LNG aggregators Future trends and pricing forecasts Impact of unconventional production and LNG exports (from Australian & North America), Japan nuclear crisis, & recent discoveries in East Africa & Eastern Mediterranean Characteristics of regional gas markets (comparison of US, Europe, North Asian and emerging markets Market trends & strategies of major emerging exporters and importers
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Registration on the 1st day of each module commences at 8.00am. Sessions start promptly at 9.00am and end at 5.30pm or 1.00pm for the full days and half day respectively. Lunch will be served between 12.30pm to 2.00pm, with mid-morning & mid-afternoon breaks for the full days. No lunch will be served on the half day.
Copyright of Conference Connection. The Organisers reserve the right to alter the content & timing of the programme.
Accolades from the Ministry of Energy & Energy Affairs, Trinidad & Tobago from the recent NGD course include: Very interactive and informative. Instructor very engaging and knowledgeable Instructor has ability to make technical information comprehensible for non-technical person Course materials were excellent Instructor has in-depth knowledge of the LNG and gas industry Very good interactive skills during presentation Extensive knowledge and experience Instructor sought to encourage engagement and discussions
RAVE REVIEWS BY OTHER PAST ATTENDEES Its not only an excellent course, but all attendees are experienced people. It made me have more knowledge about the gas business in the world PTT Thailand It breaks down the industry into basic terms and easily ramps up to more complex aspects King & Spalding LLP Comprehensive knowledge, with discuss past, current & future trends BP Australia It is the one of the best experiences Ive ever had. I have benefited a lot from the 2 days Keppel Offshore & Marine Technology The instructor is very upbeat and up-to-date and the handouts very comprehensive Dana Gas Succint & informative, insight to recent trends ExxonMobil From the beginning to the end of the process there is a bit of everything, good class size, very interactive Chevron Vivek is very knowledgeable, and gives opportunities for anyone to ask questions at any time Mitsubishi Corporation Updated global trends, fundamental introduction to the gas chain is very useful Ministry of Trade & Industry, Singapore Very clear overview of the LNG markets and developments in the world Tuas Power Generation
OTHER COMPANIES WHO HAVE ATTENDED OVER THE YEARS ANZ Bank Ashoka Venture Partners Asia Pacific Exploration Baker Botts BASF BAPCO BP Migas Brunei National Petroleum Co Brunei Energy Division CH Mutiara Petroleum City Gas CLP Power CR Intrinsic Investors Carigalli Hess Operating Co. Curtin University DLA Piper Department of Mines & Geology Dubai Supply Authority Eaglewood Energy EGAS Emerson Energy Policy Research Foundation ExxonMobil FACTS Global Energy Frasers Law Company Geo Chem Itochu Inpex JX Nippon Oil & Gas Consulting Services King & Spalding Kuwait Petroleum Corporation Kelly & Co. Lavan Legal Lime Rock Partners LNG Import Service Sakhalin Co Margham Dubai Melrose Resources Ministry of Trade & Industry Ministry of Energy & Energy Affairs, Trinidad & Tobago MPRL E & P Myint & Associates Co Mobil Cepu Ltd Nexus Energy Nippon Oil Exploration North West Shelf Shipping Services Co National Gas Company of Trinidad & Tobago Otto Energy Petronas Premier Oil Vietnam Offshore PTT Exploration & Production Public Co. PT Garuda Twinjaya Pearl Energy Petrotrin PetroSA Pertamina Qatargas Repsol E&P Trinidad & Tobago Repsol LNG Trinidad & Tobago Saudi Aramco Sembcorp Gas Senoko Power Seplat Petroleum Development Compay Shell International Gas & Power Shell Eastern Petroleum Sprinco Ventures Total E & P TUV Tuas Power Generation Universiti Teknologi Petronas UOP Processes International Inc and others
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Fees
Conference Connection Pte Ltd (ROC No. 199405166R) 135 Middle Road #05-01 Bylands Bldg Singapore 188975
Dates & Venues: Singapore, 8-10 October 2013 Hotel to be confirmed Registration Fees: Registration fees will include attendance at all sessions, daily luncheon and coffee breaks and one set of course documentation. Travel and acommodation costs are not included. For Singapore Full Fee Team Fee* Early Bird Fee^ for attending Module 1 Module 2 Fee Module 1 + 2** S$1425 S$2075 S$2970 S$1280 S$1865 S$2795 S$1280 S$1865 S$2795
Registration Conditions: All registrations must be on the prescribed form or in writing and will be on a confirmed basis unless otherwise notified in writing. All paid registrations will receive written notification. The organizers reserve the right not to accept prior and on-site registrations without payment. Delegates whose payments are not received before the event are required to furnish proof of payment on-site. Staff at the event will request a credit card guarantee without proof of payment. The organizers reserve the right to impose conditions of entry for walk-in delegates. Payments: All payments must be made in Singapore Dollars by Inter-Bank Transfers within 14 days of receipt of invoice (Bank details will be provided upon receipt of registration). Please quote event name, invoice number and delegate name for bank transfers. Please instruct your bank to remit the full amount, nett of bank charges. Hotel Accommodation: Delegates qualify for specially discounted rates at the host hotel. Please request for a hotel/visa form when registering. Delegates will be responsible for their own hotel and visa arrangements.
Cancellation and Substitution Policy: Cancellations notified in writing by letter received and acknowledged before the 1st cut off date will be levied an administrative fee of 5% for paid cancellations and 10% for unpaid cancellations. Paid and unpaid cancellations notified between 1st & 2nd cut off dates, will be charged 50% of the invoiced fee and given one set of course materials (post-event).
Venues Singapore
No refunds whatsoever will be given after the 2nd cut off date but delegates can be substituted if the organizers receive prior notification For registrations invoiced and unpaid but subsequently cancelled after the 2nd cut off date, 50% of the invoiced fee will be charged and one set of course materials will be provided (post-event). Visa Application & Procedures: Please check with your travel agents or with the relevant embassy in your country of residence. If required, delegates may request for a letter of invitation for their visa application. Please do not send visa applications to the organizers.
*Team Fees: Apply for the second and subsequent delegate from the same company and billing address. Registrations must be received at the same time to qualify. ^Early Bird Payment Dates: Singapore: 24 August 2013 **Maximum Flexibility: Companies may nominate different participants to attend the two modules and still benefit from the joint attendance discount provided for Module 1 + 2.
DISCLAIMER: The organizers will not accept liability for non-approval of visas, individual transport delays and transport disruption, and in such circumstances, our normal cancellation rules will apply. Where matters beyond the reasonable control of the organizers impair or prevent the organizers from being able to perform their obligation under this event, the client releases the organizers from any liability, incidental or consequential, to such matters.
THIS CONTAINS YOUR UNIQUE REGISTRATION REFERENCE PLEASE DO NOT REMOVE MAILING LABEL
Please Tick 4 Accordingly Singapore Fees Full Fee Team Fee* Early Bird Fee^ Module 1 q S$1425 q S$1280 q S$1280 Module 2 q S$2075 q S$1865 q S$1865 Fee for attending Module 1 + 2** q S$2970 q S$2795 q S$2795
Zip Code Country Phone ( ) Fax ( ) Email Address Name and Title of Approving Manager
(All discounts are mutually exclusive & stated on a per person basis)
*Team Fees: Apply for the second and subsequent delegate from the same company and billing address. Registrations must be received at the same time to qualify. ^Early Bird Payment Dates: Singapore: 24 August 2013 **Maximum Flexibility: Companies may nominate different participants to attend the two modules and still benefit from the joint attendance discount provided for Module 1 + 2.
Payment must be received before course date.
Email of Approving Manager Your Companys Main Business Activity in Oil & Gas