Conference Day Two: 31st March 2009

9:00 Chairman’s Opening Remarks

Tom Fox
Export Control Officer
Aibel Drilling Controls

9:15 The Importance Of Corporate Ethics And Compliance For The Oil And Gas Business And Why It Should Now Be A Priority For Your Company

• Gain an overview of the emerging risks for oil and gas business operating abroad and see how this is instigating tighter enforcement of the law and pushing anti-corruption efforts and business ethics up the agenda
• As an international company what fines and potential damages could your business expect? Understand the different impact on both oilfield service companies and operating companies and how they should be reacting
• Is this a valuable business driver or simply ‘the latest corporate craze’?
• What might this increase in enforcement measures do to the enforcement measures currently adopted?

Siv Helen Rygh Torstensen
Corporate Compliance Officer and Counsel
StatoilHydro*
*Subject to corporate approval

10:00 Conduct Proper Due Diligence And Contractual Safeguarding With Foreign Intermediaries, Agents, Distributors, Joint Venture Partners, Consultants And Freight Forwarders

• How to best minimise your liability risks with 3rd parties by assessing the extent of your risks
• How to conduct a consistent due diligence on multiple suppliers in numerous jurisdictions?
• Best practice on dealing with foreign intermediaries in challenging and high risk countries: how much due diligence is enough to be out of risk?
• How can you structure the appropriate safeguard provisions in contracts with intermediaries
• The best applications to apply when evaluating commercial intermediaries such as law of the country where the client is located as apposed to where the business is done
• What to do when you are pressured by government officials to use a specific third party

Tom Fox
Export Control Officer
Aibel Drilling Controls

11:15 Panel Discussion: How To Operate An Effective Compliance Programme By Understanding The Do’s And Don’ts Of Each Of The High Risk Regions You Will Operate In High Risk Regions

Country by country risks will be evaluated by a specific operator/ contractor panel member to discuss the ‘how to’ specifics of conducting business and making sure you are compliant in regions such as Angola, Kazakstahn, Russia, Nigeria, Equatorial Guinea, Venezuela and Indonesia. Some of the topics to be discussed include:

• Will Africa, Asia and Latin America ever raise their anti-corruption game?
• What are the key country specific hurdles?
• Understand what to expect operational and business wise in each region to prevent a violation
• Ensure you have the correct key contract provisions, reps and warranties and joint performance provisions for each country

Led by Chairman and selection of speakers from the day

12:15 Pre-Merger Due Diligence: What Compliance Features To Look For Within The M&A Deal

• What prospective acquirers should look for in a target’s anticorruption compliance such as governing legal framework, policies and procedures, training, auditing and internal controls and historical risk issues
• What to do if pre-merger due diligence efforts reveal problems
• Understand the pros and cons of disclosure to authorities in relevant countries
• Assess regulatory risks prior to closing and other transactional issues that can arise
• The key things you should be aware of within post-closing
• Acquisitions when acquiring-company and target-company are in jurisdictions with different legal standards
• How to deal and manage with resolving issues pre-closing and post-closing

Alex Bakhshov
Corporate Counsel GE Oil & Gas business Global Service
VetcoGray

14:00 How To Set Up An Effective Training And Monitoring Programme That Helps Enforce Proper Due-Diligence

• Learn from the most effective techniques to successfully build employee understanding and encourage adoption of company ethics
• Gauge the differences between face to face training vs. e-training
• Highlighting in employee communication examples of the reporting of wrongdoing and identifying the value to company
• How to build an internal culture of learning to just say no to corruption
• Lessons learned on how to change your corporate culture to tackle corruption problems
• Learn best practice on monitoring progress and responding to challenges
• How to get the training programme balance right for your business

Brady Long
Deputy General Counsel and Chief Compliance Officer
Pride International

14:45 Engage And Communicate Ethics To Your Local Business Partners

This session will give you an understanding of how to effectively communicate ethics to your national partners and still maintain an effective relationship with them. Gain the most effective tools to be able to understand and manage compliance and ethics within your organization effectively. Walk away from this session with a better understanding of how to communicate ethics training across your organization and with the people you work with on a day to day basis.

Roundtable discussion facilitated by Chairman

16:00 How To Assess The Risk Of Corruption In A Rapidly Changing Regulatory Environment

• How to anticipate and act as an agent of positive regulatory change
• Update on TNK-BP's Corruption Risk Mitigation Plan
• Update on Russian National Anti-Corruption Action Plan

Matthew H. Murray
Corruption Risk Manager
TNK-BP Management Ltd.

16:45 Preventing, detecting and investigating corruption - A Forensic Accountants Perspective

• What are the common corruption risks faced by oil and gas businesses?
• Pro-active ways to identify and minimise corruption risks
• Key financial controls to prevent and detect corruption
• The accountant’s role in investigating corruption

Keith Williamson
Managing Director
AlixPartners Ltd

17:30 Chairman’s Summary And End Of Conference

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