Rig reactivation - acting or reacting?

In this IIL marine & energy lecture Jim Clark talked about the issues facing the oil and gas industry, and their insurers, as the E&P market thaws and stacked rigs begin to reactivate.

The reactivation of stacked Mobile Offshore Drilling Units (MODU) has drawn much industry and press attention since the global oil and gas downturn. In his presentation, Jim covered why and how MODU's are reactivated, briefly the various roles and responsibilities of both second and third parties. He also considered anticipated reactivation challenges and comparison with previous down cycles and dig deeper into identifying some of the challenges the industry has, and has not previously faced. The presentation will look to differentiate between perceived challenges versus perceived risks.

By the end of this lecture members would have gained an insight into:

• Reactivation challenges
• Comparisons in relation to stacking and reactivation to previous down cycles
• Differences between perceived challenges versus perceived risks

Speakers Bio:
Jim is a Master Mariner joining MatthewsDaniel in 2015. Prior to this his professional experience was at sea, working on a wide variety of deep sea vessels on global trade before moving into the offshore oil and gas sector.

Chair:
Christian Walker, Executive VP Director Underwriting Energy Property, Berkley Offshore and Chair of JRC.

CPD events are open to CII and PFS members
Registration closes at 12pm two working days before the event date
For events held in The Old Library, Lloyd's pass holders may also attend and do not need to register
Original Photo ID (Driving Licence, Passport, Work ID with company logo and full name) is required to gain entry to all venues

Conditions:

• Email confirmations and original photo ID must be produced to security staff at the lecture venue
• Attendance confirmations are non-transferable to any other person or lecture
• All venues have limited capacity and registration and/or a Lloyd's pass does not guarantee admission

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Contact:
Please contact Patricia Pedraza (07463 028327) with any queries regarding the CPD events programme.