**Delegates from Singapore

Advanced E&P Portfolio

companies can now pay as
low as 1/3 of the course
fees under the Productivity
and Innovation Credit (PIC)

Management To Maximize
Scheme!!** Please refer to
terms and conditions below.

Course Facilitator: Returns & Minimize Risks

Optimizing performance in resource allocation
10th - 12th October 2012 • Kuala Lumpur, Malaysia

Mr. Gary Howorth Testimonials from Gary’s past and current clients
Founder
Energy Redefined “Mr Howorth has an incredibly broad knowledge of the oil and gas industry (30 years)
as well as the portfolio/ risk management business. This has allowed him to provide
Member of: innovative insights into creating value for his clients”
• Institute of Energy - Risk and Portfolio Specialist in UK
• Chartered Engineer (C.Eng)
• Institution of Engineering and “Mr Howorth has a multitude of real world examples that he can draw on to help
Technology illuminate Oil and gas issues”
- Executive, Asian Oil Company
Some of Gary’s publications include:
• An Alternative Vision of Wind Power in “Mr Howorth knows Energy in and out. His knowledge of oil/gas/power is impressively
2030 (2012) deep”
• Using Russia’s Associated Gas prepared - Investment Manager in USA
for the Global Gas Flaring Reduction
Partnership and the World Bank (2007)
• Assessing competitive scenarios for the
new UK North Sea playing field Oil and Key Benefits
Gas Journal (2003)
BENCHMARK on key portfolio planning and execution strategies to ensure proper
resource allocation and risk mitigation
CAPITALISE on the strategic framework of portfolio management to improve
Free Take Away: performance
• Excel based Portfolio Templates to help LEVERAGE the steps to establishing and managing a portfolio based on its
you assess your portfolio strategies! contribution to strategic objectives and economic value
• Electronic/Web based quizzes that can EMPOWER the different techniques available for use and incorporate risk &
be taken at your leisure to reinforce uncertainty into these assessments
your understanding in portfolio IDENTIFY corporate issues and the effects of the portfolio on various alternative
management! measures
GAIN INSIGHTS on the issues and conflicts of managing a portfolio through case
studies and examples
IMPLEMENT an effective portfolio approach to prepare for and respond to potential
risks
CONTROL risk and key uncertainties and therefore REINFORCE your decision-
Productivity and Innovation Credit (PIC) making skills
Scheme
• All businesses in Singapore can enjoy up to 400% UNI training courses are thoroughly researched and carefully structured to provide practical and
tax deduction for external trainings* provided by exclusive training applicable to your organisation.
UNI Strategic Pte Ltd for up to a total of $ 800,000 Benefits include:
(for year 2011 and 2012 combined) and after • Thorough and customised programmes to address current market concerns
which 100% deduction for the balance expenditure • Illustrations of real life case studies
exceeding the cap of $800,000. You can enjoy up • Comprehensive course documentation
to 68% of tax savings from attending our trainings • Strictly limited numbers
which means you only need to pay 1/3 of the
course fees
• Alternatively, businesses can opt for a non-taxable Proudly Organised by:
cash payout option of 30% of up to $200,000
(year 2011 and 2012 combined) meaning up to a
maximum of $60,000
* This includes both trainings in Singapore and overseas
* Both local and foreign employees are eligible
* Course fees only
 Workshop Overview
Effective portfolio management is vital to a successful performance of financial and physical assets. This is especially so in an intensive
capital industry like Oil and Gas. Portfolio management is about making strategic choices of which markets or countries, products, and
technologies your business will invest in. It is about resource allocation by placing a right person into the right position as well as how you
will spend your scarce engineering, R&D, and other resources.

Portfolio management also focuses on project selection of which new area to explore in or which development projects you should
choose from the many opportunities that you face. Last but not least it deals with the right balance between numbers of projects you do
and the resources or capabilities you have available.

This course provides an understanding and practical application of the various advanced models and processes used in portfolio
management. It will also provide an overview of some of the latest techniques used both within and outside of the oil and gas industry.
In the interactive sessions, examples of best practices based on real life examples from a variety of companies operating around the
world in the upstream exploration and production business will be discussed. Pit falls will be highlighted and case studies (with software
examples) will be used. Online quizzes to reinforce participants understanding will also be provided. The ultimate objective of the course
is to make participants confident in the application of portfolio tools and processes in their daily work.

DAY 1 | 10th October 2012 DAY 2 | 11th October 2012

INTRODUCTION BENCHMARK ON ADVANCED TOOLS TO ENHANCE

DECISION-MAKING SKILLS
Provide an overview of the program and objectives
Identify delegates’ objectives and priorities Explore the various tools available such as:
VAR
EXPLORE MODERN PORTFOLIO THEORY, EFFICIENT Robust Optimization
FRONTIERS AND HISTORICAL PERFORMANCE Neural and Fuzzy Based Systems
Real Options
Benchmark on portfolio approach and best practices in a Behavioral Economic based Portfolio Systems
variety of Industries Gain insights from the demonstrations of use for these tools in
Leverage the strategic management of managing risk and a portfolio management context
uncertainty in portfolio Expand your knowledge from the review of benefits and costs
Identify the processes in portfolio management for each tool
Discover the conventional frameworks of portfolio such as: Discover the right tool for your management team
Efficient Frontiers
Ranking and Resampled Portfolio Efficiency IDENTIFY KEY ASPECTS AND SKILLS IN PORTFOLIO
Monte-Carlo Techniques SELECTION

IDENTIFY THE CORPORATE METRICS, CHALLENGES AND Master the approach to deal with multiple objectives
CONSTRAINTS IN PORTFOLIO MANAGEMENT Empower portfolio optimization for portfolio selection through:
Linear Programming
Evaluate on the below corporate metrics: Integer Programming
KPI’s Examine Non Linear Optimization to enhance your portfolio
Stock market selection
Discover the challenges faced in implementing a successful Incorporate less tangible/social benefits in your portfolio
portfolio management selection
Strategise on effective skills to deal with your competitor and
its impact on portfolio management ENHANCE YOUR PERFORMANCE BY PICKING A WINNING
Understand the life cycle of your portfolio management and its PORTFOLIO – EXAMPLES PART I
impact on time
Case study: Historical review and comparison of real portfolios
ADDRESS REAL WORLD RISKS AND CONSTRAINTS IN A from the companies below:
PORTFOLIO CONTEXT ENI
BP
Learn how to deal with cash flow and other resource Shell
constraints Petronas
Capitalise on the different asset classes in the sector of Case Study: Study the reasons behind Cairn’s successful
Exploration portfolio management
Development Case Study: Benchmark on the acquisition of Asian assets by
Production Chevron and its impact on its performance
Identify the skills to treat mergers and acquisition in portfolio
management

In-House Training
Cost effective In-house courses, tailored specifically to your organisation’s needs, can be arranged at your preferred location and time. If you
would like to discuss further, please contact our In-house division at iht@unistrategic.com.
 DAY 3 | 12th October 2012 WHO SHOULD ATTEND

CEOs, VPs, MDs, Directors, Division Heads and Senior Managers

ENHANCE YOUR PERFORMANCE BY PICKING A WINNING of:
PORTFOLIO – EXAMPLES PART II
3 Project Management
Case Study: Assessing risk and potential losses in BP’s
3 Portfolio Management
portfolio and the consideration of mitigation strategies
Case Study: Identify the missing targets and what BP did to 3 Project Planning
correct this
3 Business Development
Case Study: Examine the Organic growth (Exploration) or
acquisition for growth in ExxonMobil 3 Risk Management
Capitalize from the above case studies to improve your
3 Operations
strategy in managing:
risk 3 Supply Chain
financial targets
optimization of portfolios
WHY YOU CANNOT MISS THIS EVENT
MEASURING THE PERFORMANCE OF A PORTFOLIO
Extensive research has found that most organizations which
Recognize the tactics to benchmark, measure and adjust had got better at project management were still poor at program
your portfolio management and only a handful effectively practiced portfolio
Explore the strengths and weaknesses of your management successfully. In this research it was found that some
measurement 53% of the projects in these portfolios are under-performed. Oil
Create specific portfolio performance measures for your and gas companies have fared no better, even a small improvement
portfolios in project and portfolio management can yield significant benefits
Determine the best practices to measure the performance in terms of delivering marginally more value. Ineffective portfolio
against your competitors management may lead to the result of serious value destruction
and other negative consequences.
EXPLORE THE FUTURE OF PORTFOLIO MANAGEMENT
Oil and gas companies constantly review their assets to “optimize”
Identify the future issues and challenges of Portfolio their overall performance. Modern portfolio management deals
management with the critical issue of balancing resources amongst a number
Incorporate your new technology, businesses and of competing projects, across many divisions, whilst trying to meet
environmental issues into your portfolio management different objectives. This activity requires a strategic approach
systems to managing uncertainty, using sophisticated models to value
Integrate physical and financial systems to obtain more value risk and characterize alternative combinations of different asset
from your portfolios classes. However, in order to use such techniques effectively, it is
Discover the values and risks from conventional systems like important to understand their theoretical basis and the challenges
network or agent based systems with using such models.

This advanced course addresses portfolio management from

both a theoretical and practical viewpoint and considers assets
along the whole oil and gas supply chain. Illustrations will be
Program Schedule drawn from real company examples to highlight potential choices
and challenges that may be face by your company. The course
(Day 1 - Day 3) information will help participants to successfully identify and select
08:30 Registration appropriate portfolios to suit their particular mix of assets and
company objectives.
09:00 Morning Session Begins
10:40 - 11:00 Refreshments & Networking Break
12:45 Luncheon
14:00 Afternoon Session begins
15:30 - 15:50 Refreshments & Networking Break
17:00 Course Ends

PRE-COURSE QUESTIONNAIRE
To ensure that you gain maximum value from this course, a detailed
questionnaire will be forwarded to you upon registration to establish
your exact training needs and issues of concern. Your completed
questionnaire will be analysed by the course trainer prior to the event
and addressed during the event. You will receive a comprehensive
set of course documentation to enable you to digest the subject
matter in your own time.
 ABOUT YOUR COURSE FACILITATOR

Gary Howorth MBA, BSc (Hons), C.Eng (MIET), MIE is the Founder of Energy Redefined, a UK based company that provides
consulting, software and intelligence services to the energy and carbon industries. He is also a part time advisor to the oil and
gas mining team in the World Bank in Washington DC. Gary has been using leading edge and innovative techniques to model
markets, technologies and pricing in the energy industry for many years and leads the effort in “Energy Redefined” to create
tools, algorithms and pricing models for various global energy markets, including carbon.

Gary formed the company in early 2009, bringing thirty years of experience in the quantification of strategic issues, investment
appraisal, and operations, with particular emphasis on power and oil & gas markets. He has an extensive experience in the
quantification and understanding of market issues and dynamics, notably in natural gas/LNG and electricity. His broad experience
spans the globe and includes all aspects of the energy business from risk and portfolio management to exploration & drilling to
refining operations and new technology. He regularly works with the management of both large oil & gas companies, on various
oil and gas topics ranging from mature assets, partnering, risk management, power and markets and now on carbon.

Gary travels extensively across Asia and has worked in Japan, Australia, China, Korea and Malaysia.

Some of Gary’s partial list of clients includes:

3 Hess 3 RWE-DEA
3 El Paso 3 VEBA
3 OMV 3 Centrica
3 Talisman 3 Lukoil
3 Anadarko 3 Santos
3 Eni 3 Wintershall
3 Petrobras 3 ChevronTexaco
3 Tokyo Gas 3 Marathon Oil
3 BG 3 Shell
3 ExxonMobil 3 DONG
3 PetroCanada 3 ConocoPhillips
3 Total 3 MOL
3 BHP Billiton 3 Statoil Hydro
3 Halliburton 3 Keyspan
3 Petronas 3 CNOOC
3 ABB 3 Qatargas
3 BP 3 Sasol Oil
3 JBIC 3 Sonatrach
3 Repsol YPF 3 Pertamina
3 Talisman 3 Occidental
3 Burlington Res. 3 Rosneft
3 JOGMEC/JNOC