Post Event Report September Melia Cohiba Hotel & Conference Centre. With the support of GOLD SPONSORS

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With the support of La Union Cuba-Petroleo Post Event Report 26 29 September 2017 Melia Cohiba Hotel & Conference Centre GOLD SPONSORS SILVER SPONSORS BRONZE SPONSORS ORGANISERS Organised by Part of the dmg::events Network Part of the Gastech Network Organiser Partner

Contents Cuba Energy, Oil and Gas A Snapshot... 2 The Programme...4 Speakers List...6 Participant Breakdown... 7 Feedback...8 Recommendations...9 Gallery...10 The Organisers...11 260+ DELEGATES 75 PARTICIPATING COMPANIES 45+ LEADING INDUSTRY EXPERTS Cuba Energy, Oil and Gas A Snapshot Hosted by CUPET, The Cuba Energy, Oil and Gas Conference took place across 26th 29th September 2017 in Havana welcoming over 260 attendees from over 75 national and international companies. Over 45 oil and gas leaders and experts in their field contributed to the programme, comprising an exclusive workshop, two-day comprehensive conference programme and a site visit to witness operations in Matanzas. Cuba Energy, Oil and Gas delivered an exclusive in-depth look at the opportunities and the priorities facing Cuba for domestic and international investors and suppliers combined with insight into the very latest regulatory and fiscal framework to provide all delegates with a detailed understanding of how to work in Cuba.

The Programme US - Cuba Workshop Created in conjunction with The Chevalier Law Firm, the workshop provided US companies and multinational corporations with insight from Cuban officials and U.S. company representatives on the current state of US - Cuba trade relations and upcoming administration changes. Panel One State of Affairs Legislative Outlook & Economic Analysis of Trump Administration & US Cuba Trade ÎÎDoreen Hemlock, Senior Writer, Cuba Trade Magazine ÎÎFelix Chevalier, Founding Partner, The Chevalier Law Firm ÎÎEng. Eredio Puentes Gonzalez, Assistant Genereal Director, Union Cuba Petroleo (CUPET) Panel Two Can the Oil and Gas Sector Power Renewed Trade Negotiations? Moderator: Dennis Hatchet, CEO, The Vessel Group Panellists: ÎÎLee Hunt, General Partner, Hunt Petty LLP ÎÎEng. Yahima Borrego Plata, Legal Advisor CUPET, S.A. ÎÎEng. Eredio Puentes Gonzalez, Assistant Genereal Director, Union Cuba Petroleo (CUPET)

The Conference Day One Opening Keynote Addresses ÎÎMSc. Eng. Roberto Suárez Sotolongo, Deputy General Director, Unión Cuba-Petróleo (CUPET), Cuba ÎÎHis Excellence Antony Stokes, Ambassador of United Kingdom in Cuba Session One State of Play, where are we and where do we want to go? Advantage Cuba what makes Cuba an attractive partner? Joint ventures between domestic and international partners a case study for success Session Two Focus on Cuba s Upstream Oil and Gas-Financial and Legal Overview Business opportunities and doing business in the upstream in Cuba Cuba on and offshore hydrocarbon potential. Business opportunities for international oil companies Legal framework and contractual oil activities in Cuba U.S. - Cuba joint ventures: Legal, business and practical factors U.S. firms will consider Strategic advice on negotiating a business venture in Cuba Current situation and perspectives for the economy: opportunities for the direct foreign investment Session Three Investment and Cooperation for Cuba s Upstream Oil and Gas ONRM: Qualification steps Block 9 PSC Onshore Cuba: A world-class exploration opportunity New seismic data for oil and gas exploration in frontier Cuba Cuba-Iraq Petroleum Cooperation Joint presentation Added value of the local content Session Four Focus on Oil and Gas Technologies for Cuba Enhanced oil recovery solutions for mature fields Latitude Energy Services Excellence from planning to TD Enabling the digital oilfield through advanced wireless broadband solutions Infrastructure and technology services available for oil and gas operation

Cocktail Reception Î Î Cocktail Reception hosted by Department for International Trade, UK The Conference Day Two Session Five Regional Focus on Oil and Gas Demands, Midstream and Downstream ÎÎOil refinery in Cuba ÎÎUS supply security in a new oil era ÎÎCase Study: Two Islands, Cuba and Ireland, joined by history and the mystery ÎÎCase study: Trinidad & Tobago natural gas model ÎÎHow to enter the oil and gas service and supply sectors in Cuba ÎÎSharing 12 Years: Drilling operation experience in Cuba Session Six Focus on HSE Protecting Cuba s environment Regulatory Framework high level perspective for an effective and efficient risk management in oil and gas offshore projects Establishment of a HSE culture, a case study of United Safety in Angola Stimulating trade in Cuba with ship to ship transfers Main lines of research, Research Centre of Oil and Gas Industry in Cuba (CEINPET)

Site Visit The unique site visit to Matanzas Bay allowed participants to witness first hand Unión Cuba- Petróleo s (CUPET) operations there in collaboration with China s state-owned drilling contractor, Great Wall. Both are jointly drilling the 8,255 metres long, horizontal well, Varadero Oeste 1008 located near the city of Matanzas, around 100km from Havana an area with lots of oil drilling and production activity. Speakers List ÎÎMSc. Eng. Roberto Suárez Sotolongo, Deputy General Director/Director General Adjunto, Unión Cuba-Petróleo (CUPET), Cuba ÎÎMSc. Eng. Juan Andrés Barrizonte Ballestero, Exploration and Production Manager / Gerente de Exploración y Producción, Comercial CUPET S.A, Unión Cuba-Petróleo (CUPET), Cuba ÎÎLic. Jorge Luis Crespo, Market Research Division, Centre for the Promotion of Foreign Trade and Foreign Investment (PROCUBA). ÎÎHis Excellency Antony Stokes, Ambassador of the United Kingdom in Cuba ÎÎLic. Diomir Hernández Torres, Head of the Legal Department/ Especialista Principal Grupo Jurídico, Comercial CUPET S.A, Unión Cuba-Petróleo (CUPET), Cuba ÎÎMSc. Merecedes Valdés Mesa, Director of Control and Legal Counselling, Cuban National Office for Mineral Resources (ONRM) ÎÎPeter Stickland, Managing Director and CEO, Melbana Energy Limited, Australia ÎÎFelix Chevalier, Founding Partner, Chevalier Law Firm, USA ÎÎAlvin Dookie, Vice President, Business Development, Phoenix Park Gas Processors Limited (PPGPL), Trinidad ÎÎGregory Biniowsky, Consultant, Gowling WLG, Canada ÎÎLic. Sonia Loureiro Rodríguez, Legal Department Commercial Manager, Comercial del Departamento Legal, Unión Cuba-Petróleo (CUPET) ÎÎDr Ali Alwash, Manager of Middle Projects Division, SCOP (State Company for Oil Projects, Iraq) ÎÎDr Hussein Aziz, Consultant, Iraq Government ÎÎMr Shi Kuitai, Technical Manager, BGP Multi-Client, China ÎÎMSc. Eng. Osvaldo López Corzo, Chief of Exploration Group/ Jefe Grupo Exploración, Unión Cuba- Petróleo (CUPET), Cuba ÎÎEng. Fidel Ilizastigui Pérez, Specialist in Security and Risk Management / Especialista en Seguridad y Gestión de Riesgos, Oficina de Regulación Ambiental y Seguridad Nuclear- CITMA (ORASEN), Cuba ÎÎEng. Jesús Marrero González, Head of Business Group /Especialista Principal Grupo de Negocios, Comercial CUPET S.A, Unión Cuba-Petróleo (CUPET), Cuba ÎÎLee Hunt, General Partner, Hunt Petty LLP, USA ÎÎJohn McKeon, Chairman and Founder, Ardilaun Energy, Republic of Ireland ÎÎCaptain Manuel Guerrero, Regional Manager South America, Safe STS, Colombia and UK ÎÎDennis Hatchet, Managing Director, The Vessel Group, USA ÎÎDoreen Hemlock, Senior Writer, Cuba Trade Magazine, USA ÎÎPablo Roman, Director of Business Development, Lloyds Register, Spain ÎÎEng. Juan Cristóbal Hernández Reyes, EOR Director/Director de EOR, Empresa de Perforación y Extracción de Petróleo de Occidente, Unión Cuba-Petróleo (CUPET), Cuba ÎÎEng. Julio Jiménez Vázquez, Drilling Director/Director de Perforación, Empresa de Perforación y Extracción de Petróleo del Centro, Unión Cuba- Petróleo (CUPET), Cuba ÎÎEng. Néstor Pérez Franco, Operations and Logistic Director/Director Operaciones y Logística, Unión Cuba- Petróleo (CUPET), Cuba ÎÎEng. Eredio Puentes González, General Director Assistant/Asistente del Director General, Unión Cuba- Petróleo (CUPET), Cuba ÎÎEng. Orelvis Delgado López, Head of Exploration Department/Jefe Departamento de Exploración, Centro de Investigaciones del Petróleo (CEINPET), Unión Cuba- Petróleo, Cuba ÎÎDenis Lambert, Territory Manager, Redline Communications, Canada ÎÎOrelvis Carballo, Senior Technical Engineer. Latitude Energy Services, Canada ÎÎEng. Juan J. Alfonso López, Refining Director/Director Refinación, Unión Cuba-Petróleo (CUPET), Cuba ÎÎEng. Ariel González Rodríguez, Oil Services Import Manager/Gerente de Importación de los Servicios Petroleros, Comercial CUPET S.A, Unión Cuba- Petróleo (CUPET), Cuba

Participant Breakdown 262 Delegates 48% National 52% International Participants 27% MD/Company Director 16% CEO/Vice President 15% Commercial Director 10% Expert / Consultant/ Academic 12% Other 9% Government 11% Director Countries 24 different participating countries outside of Cuba. Top 5 includes: Networking 38 meetings booked through Business Matching 24 meetings arranged with CUPETand global experts from around the world.

Feedback Well done to you and the team for putting the conference together. Managing Director and CEO, Melbana Energy Commendations on a well organised conference. I truly enjoyed participating in the Conference, and look forward to playing a sponsorship role next year. CEO, The Vessel Group Your team and yourself did a great job! Country Supervisor - Trinidad Operations, Fluid Technology. General Manager, Perfection Services Limited (PSL) It was great to participate at Cuba Energy Oil and Gas conference. Thank you very much for your guidance and excellent organization. Gerente de Melbana Energy Limited Oficina Cuba Many thanks to your team for a successful event. I am sure we will see you again. Marine Director, SafeSTS Read Full Article Here

Industry Recommendations and Challenges Until 2020 Conclusions from Cuba Energy, Oil and Gas 2017 Increase the volume of resources; onshore and shallow waters Raise the level of recovery of existing deposits through the introduction of improved recovery technologies (EOR) Achieve a sustainable growth for national production Accelerate exploration processes, evaluation and development of the reserves in the Exclusive Economic Zone Start exploration processes in the Central-East zone of the country Introduce the use of LNG in the energy matrix of the country Upgrade existing refining capacities Raise the quality of national fuels to international standards Increase the storage capacity in the country Optimise the costs for logistics operations

Gallery

The Organisers The organisers are honoured to recognise the endeavours of CUPET as the conference hosts in creating this important event for everyone involved in developing Cuba s energy, oil and gas sectors, in addition to the invaluable contributions of CUPET in shaping the conference programme. Paul Gilbert pagilbert@gep-events.com or call on +44 1737 784950 Fawaz Mourad fawazmourad@gmail.com or call +44 7891 905614 Anabel Mederos Corratgé mederoscorratge@gmail.com or call +53 53727911 ORGANISERS Organised by Part of the dmg::events Network Part of the Gastech Network Co-organiser