The organising committee are pleased to present the programme for the 2017 International Petroleum Tax conference. We extend a warm welcome to delegates attending for the first time and appreciate the continuing support of those returning to the conference again this year.
The 2017 conference will be the 28th since the inaugural event back in 1990. Since then the reputation of this conference has grown both domestically and, increasingly, overseas. The Oslo conference is now the leading such event in the Industry in terms of delegate numbers, quality and prestige of the presenters and breadth of the institutions/organisations they represent. This is only possible through the continuing support of the delegates, many of whom return faithfully each year; the organising committee is particularly grateful for this sustained commitment.
We live in a world of constant change and this year’s conference reflects that. The upstream oil & gas industry is preparing for a commodity price environment that has moved from ‘lower for longer’ to ‘lower for ever’, with a re-set of the cost base that allows investments to be viable when prices are within, and even below, the $40-50 range. It is inevitable that world demand for oil will peak due to an increase in environmental pressures and the introduction of legislation to phase out vehicles which only run on fossil fuels. Estimates of when this peak will occur are being carried out. On the principle that ‘the stone age did not end because we ran out of stone’, predictions of the industry’s demise are now getting the attention of board room strategists.
Tax policy is also in the headlines with the completion of the last of the 15 G20-sponsored projects designed to curb tax Base Erosion & Profit Shifting (BEPS). Discussion has moved on to the practicalities of implementation. The OECD’s new multilateral instrument, now signed by over 70 countries, will update an existing network of around 1,100 bilateral tax treaties to implement the treaty-based recommendations of BEPS, including measures to prevent treaty abuse, changes to the definition of permanent establishment, changes to residence tie-breakers, mutual agreement procedures and mandatory binding arbitration. And the practical aspects of the tax transparency debate, including both inter-governmental exchange of information and public disclosure aspects, continues to fascinate tax officials and practitioners around the world. All of these issues will be addressed at the conference in presentations, panel discussions and networking opportunities.
To commence Day 1 we are pleased to have an address by Ingvil Smines Tybring-Gjedde, State Secretary at the Ministry of Petroleum and Energy on the "Norwegian Petroleum Policies" followed by a Boardroom perspective from Dag Omre, the Managing Director of Centrica Norway, a key player in the industry. These keynote presentations will set the scene for a review of the latest business environment led by Dr Tatijana Mitrova, the Head of Oil & Gas at the Energy Research Institute of the Russian Academy of Sciences, who will give us an update on energy markets, and followed by Dr David Parkinson of leading industry analyst Wood Mackenzie, who will share his insights into emerging trends in fiscal terms.
Following lunch we will switch gear and focus on the global tax environment. The theme will start with a presentation on global tax trends by Kenny Hawsey, the global head of oil & gas tax in PwC who is currently based in Houston, Texas. Also from Houston we welcome Sonal Damani, Managing Tax Counsel Operations at ConocoPhillips, who will give us an update on the prospects for US tax reform. Continuing the international theme we are then honoured to have a presentation on recent and potential future tax changes in Brazil led by Márcio Branco de Oliveira, Senior Tax Manager - Direct Taxes at Petrobras, together with his colleague João Lóssio, Tax Manager - Transfer Pricing. Many delegates work for companies which have significant interests in Brazil and there will be an opportunity to compare and contrast the deep water tax regime there with that of Norway and other countries. Statoil chief economist, Eirik Wærness will be chairing Day 1 of the conference.
At the dinner this year we are very pleased to welcome Minister-Counsellor Andrey Kolesnikov from the Russian Embassy, as our guest speaker.
Day 2 of the conference will be opened by Stig Sollund, the Norwegian tax treaty competent authority in the Ministry of Finance, who will also provide an update on latest tax policy thinking. Joining us from Washington DC will be Thomas Baunsgaard, deputy head of the Tax Policy Division at the IMF, and Melinda Brown from the OECD in Paris, who will share their insights on tax policy developments at the global level. The morning will conclude with the familiar review of topical fiscal issues in Norway.
The 28th International Petroleum Tax Conference provides a unique opportunity to hear from acknowledged experts on global business and tax matters. For the 28th conference we will be returning to the Grand Hotel in Oslo. The foyer will have an exhibit by the UK Chartered Institute of Taxation on its international tax qualification, the Advanced Diploma in International Taxation. The hotel opened in 1874 and plays host to the annual Nobel prize ceremony. Henrik Ibsen often met his friends there and we hope that you too will benefit from the great networking opportunity it offers.
Please find the programme on the above link for more information on speakers and topics.
Grand Hotel Oslo
Karl Johansgate 31
Norwegian Petroleum Society (NPF), Lilleakerveien 2A, 0283 Oslo
NPF personal members NOK 11,900 plus 25% VAT
Non-npf-members NOK 13,400 plus 25 % VAT
Payment can be done upon registration by credit card (Master Card/Visa) on our website. If you do not want to pay with creditcard, you can ask the project manager to send you an invoice from Norwegian Petroleum Society (NPF).
The fee includes:
- Conference papers
- Conference Dinner
Cancellations must be received in writing by 17th October 2017, and will be subject to a cancellation fee NOK 2,000 plus 25% VAT unless a substitute delegate is offered. After this date, the full registration fee will apply, however, substitutions will still be accepted. Substitutions for registered delegates may be made at any time, but we would appreciate prior notification.In case of cancellation of the conference by the Norwegian Petroleum Society, (NPF), the participant will be refunded the conference fee and/or the exhibition fee. Other expenses the participants may have are not refunded, and is not the responsibility of NPF.
Presentations from the conference will be available on Internet after end of conference. Delegates will be informed when available by e-mail.
It is sometimes necessary to change timing of the programme. The conference organiser will not be liable for any such unavoidable changes.
We have pre-booked a number of rooms at Grand Hotel. If you need a room please contact the hotel directly by 17th October. Please note that accommodation is not included in the conference fee.
Grand Hotel: Single room: NOK 1.695,- inc VAT and Breakfast.
Tel: +47 23 21 20 00. Email: firstname.lastname@example.org.
Important: Use bookingcode BNOR301017 with your reservation.
For more information please contact:
Project Manager Irene O. Snellingen
Conference exhibitor and sponsor: