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19.09.2016

17th FPSO world congress 2016 on September 19&20 in Singapore

Hamburg, 05.10.2016: From 19-22 September the 17th FPSO World Congress took place in Singapore and was jointly sponsored by KfW IPEX-Bank and GeMaX. The conference was duly representative of all industry stakeholders including the major FPSO owners, yards, equipment suppliers and banks. Even though the mood was less bullish compared to past events (as to be expected) given the sustained low oil price environment, industry players for the most part remain optimistic about overcoming current challenges. Across the supply chain, echoes of efforts aimed at harnessing opportunities for value engineering and risk reduction across the industry could be heard throughout the two day conference. The plenary sessions in the morning focused on macro-market issues such as how the industry could take a back-to-basics approach to FPSO design and execution. Discussions have then dived into each critical aspect of FPSO project delivery in four streams: commercial, technology, project execution and operations/asset integrity.

Harm Hauke Ross and Ayodeji Olaifa (both KfW IPEX-Bank) guided the audience through a presentation on "Innovative Export Finance Approaches"During the commercial afternoon session of day one, Harm Hauke Ross and Ayodeji Olaifa (both KfW IPEX-Bank) guided the audience through a presentation on "Innovative Export Finance Approaches" based on German equipment packages bundled in cooperation with GeMaX and discussed with leading banks about "Global Oil Price Movements and the Effect on FPSO projects" on a bankers' panel. After the sessions, interested FPSO owners could get more information on the GeMaX approach and the toolkit of export finance in bilateral meetings.

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