Business opportunities with unconventionals

0

Tuesday, September 20, 2011, London, The Geological Society

3rd Finding Petroleum Exploration, Technology and Business event

Around the turn of the year, Barclays Capital published its annual review of the oil & gas industry, including within it a summary of its survey of the Most Important Technologies, based on the percentage responses received for each of 12 candidate technologies. As in 2009 and 2010, the top 3 for 2011 were Fracturing/Stimulation, Horizontal Drilling and 3D/4D Seismic, accumulating between them more than 70% of the responses. What’s more, the same 3 have dominated this survey for all 12 years for which data was published, invariably accumulating more than 60% of the responses between them. Over this period, the only other technology to win more than 10% of the responses has been Directional Drilling, garnering 11% four times.

One way to look at these results is to say that responses may be dominated by professionals working in North America and that the favoured technologies will therefore simply reflect what is happening there, in particular the pursuit of shale gas, shale oil, ‘tight’ gas, coal bed methane, as the domestic sources of conventional hydrocarbons begin to diminish.

But there is another way to look at it, we suggest. The survey-leading technologies are those that offer the means to identify the presence of hydrocarbons in ‘tougher’ reservoirs and then extract them. Put another way, wherever there is a prolific source rock, our industry has developed the capacity to move away from conventional reservoirs – whether sandstone or carbonate – with good porosity/permeability characteristics and extract petroleum wherever it is ‘reservoired’ – whether still in the source rock, in ‘tight’ sands, in fractured basement and so on. The North American industry is leading this charge.

Our September Forum will look at a wide variety of 'unconventional' reservoirs with this in mind - shales containing gas, shales containing oil, coal bed methane, 'tight' reservoirs as well as tryly unconventional hydrocarbons such as heavy oil.

Agenda

9:30

David Bamford - - New Eyes Exploration

Welcome & Introduction


David Bamford is well known around the oil & gas industry both as an explorer and a geophysicist. He holds a Physics degree from the University of Bristol and a Ph.D in Geological Sciences from the University of Birmingham.

Since 2004, he has been a non-executive director at Tullow Oil plc, being recruited for this position especially for his exploration knowledge. He serves on the Nominations and Remuneration Committees, and was chairman of the latter, and Senior Independent Director, for 3 years prior to his retire from the board at the end of April 2014.

He was on the board of Premier Oil from May 2014 to May 2016.

He retired from BP plc in 2003, his last four positions being Chief Geophysicist (1990-1995), Business Unit Leader (General Manager) for first West Africa and then Norway (1995-1999), and finally Head of Exploration until 2003.

He has served on the boards of Paras Ltd, a small exploration and IS/IT consulting company in which he held 22% equity, until its sale to RPS Energy in 2008 and Welltec a/s, a Danish well engineering company, as the nominee of the private equity investor Riverside.
From 2012 to 201 he was on the board of ASX-quoted Australia Oriental Energy as a non-executive director.

He was a founder of Richmond Energy Partners, a small oil & gas research house, and several media companies that focus on the oil & gas sector, and has served as an advisor to Alliance Bernstein, Opus Executive, the Parkmead Group plc, and Kimmeridge Energy LLP. Since retiring from BP, he has undertaken asset and company valuation projects for investment banks, hedge funds and small oil companies.

New Eyes Exploration
New Eyes Exploration, founded by David Bamford, explores new ways to discover Oil and Gas.
9:50

Atle Rettedal - Vice President Field Evaluation - Statoil

Statoil's Unconventional Strategy/Portfolio


Mr. Rettedal has both and MSc in Mechanical Engineering and an MSc in Economics and Business Administration from Trondheim and Bergen Universities respectively. He began his professional career at Alcatel Cable Norway (1993-96) working as a Project Engineer. Mr Rettedal joined Statoil in 1996 working first as a Senior Subsea Engineer then Operations Engineer at Statfjord and later as a Production Supervisor at Statfjord C. He also worked as Turnaround Manager at Statfjord C later working as platform Manager. In 2007 Atle became Vice President of Subsea Technology and Operations. Atle currently hold the role of Vice President Field Evaluation and International Business Development. He has been in this role since 2009.

Statoil
Statoil is an international energy company with operations in 40 countries. Building on more than 35 years of experience from oil and gas production on the Norwegian continental shelf, they are committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. They are headquartered in Norway with 29,000 employees worldwide, and are listed on the New York and Oslo stock exchanges.
10:25

- - The Steam Oil Production Company Ltd

US Oil Shales


The Steam Oil Production Company Ltd
The Steam Oil Production Company Ltd was established in early 2014 with the intention of initiating the first offshore steam flood in Europe. The company participated in the 28th Seaward Licensing Round and in November 2014 was awarded blocks 21/27a and 28/2a under Promote Licence P2244. In December 2015 the company entered into a sale and purchase agreement with EnQuest Britain Ltd to acquire blocks 28/2b and 28/3b, which comprise Licence P1996, the transfer of this interest remains subject to Oil and Gas Authority approval.
11:00 Coffee & Tea

11:30

Sandra Allwork - Business Development Manager - Paradigm

Investigating the Barnett Shale : A Case Study on how Integrated Technology can help improve your Understanding of an Unconventional Reservoir.

Talk Description.
The key to success in the Barnett Shale is the ability to identify zones of brittle shale that would be suitable for hydraulic fracture stimulation. As with any tight gas field, considerable care must be taken over the position of the well in relation to existing fractures. We will utilize log data to estimate brittleness, kerogen content and closure stress, seismic interpretation and facies classification of these shales then provides information on the extent and thickness of these prospective zones and (for environmental considerations) micro-seismic gives us the ability to effectively monitor fracture development. By integrating Petrophysics, Visualisation and Micro-Seismic Analysis you are able to incorporate all available data to ensure the most accurate understanding of your reservoir.
Sandra Allwork is a Business Development Manager with Paradigm. Since joining the company in 1998, she has worked with a wide variety of workflows within the Paradigm portfolio, specializing in Seismic Imaging and Seismic Reservoir Characterisation. Previously Sandra worked for Ensign Geophysics as Area Geophysicist and Project Geophysicist, responsible for processing large 3D surveys and fast-turnaround site-surveys. Sandra holds a BSc in Geology and Geophysics.

Paradigm
Paradigm software solutions provide the vision for business and engineering decision-makers in subsurface disciplines to proceed with less uncertainty and more confidence. Paradigm tools minimize risk and optimize responsible management of the earth's precious subsurface assets.

Paradigm software and consulting assembles, processes, models and visualizes subsurface data from numerous sources, providing the most comprehensive view available of the earth's subsurface and our natural resources. The resulting dynamic, digital models enable Paradigm users to make intelligent and responsible exploration, production and engineering decisions.
12:05

Oswald Clint - Senior Analyst - Bernstein Research

How unconventionals fit in the global production picture


Dr Clint joined Sanford C. Bernstein in 2004 and was part of the Energy Team with Neil McMahon covering the Global Integrated Oil sector.

Currently he is the Senior Research Analyst covering the European E&P and Russian Oil & Gas sectors. The Bernstein Energy franchise has become well known due to both the provocative commentary on the commodities and oil stocks, as well as the innovative research that forms the core of their frequent publications. Previously, he worked as an accountant and consultant for KPMG covering energy, gas, and chemical sectors. Dr Clint received his PhD in Geophysics from University College London where he specialised in sub-surface rock physics and is also a Chartered Accountant.

Bernstein Research
Sanford C. Bernstein is widely recognized as Wall Street's premier sell-side research firm. Their research is sought out by leading investment managers around the world, and they are annually ranked at the very top of acknowledged arbiters. In independent surveys of major institutional clients, Bernstein's research is ranked #1 for overall quality, industry knowledge, most trusted, best detailed financial analysis, major company studies, most useful valuation frameworks, best original research, and most willing to challenge management. In Institutional Investor's 2008 annual client survey, the leading survey by which analysts in our industry are evaluated, 100% of our U.S. Analysts were recognized as among the best in their respective fields -- more than any other firm on Wall Street.
12:45 Raffle Draw, followed by Lunch & refreshments

Sponsors of this event

RPS Energy
RPS Energy provides a range of technical, commercial and project management support services to the international energy industry, covering geoscience, engineering and HS&E, with offices around the world.

Paradigm
Paradigm software solutions provide the vision for business and engineering decision-makers in subsurface disciplines to proceed with less uncertainty and more confidence. Paradigm tools minimize risk and optimize responsible management of the earth's precious subsurface assets.

Paradigm software and consulting assembles, processes, models and visualizes subsurface data from numerous sources, providing the most comprehensive view available of the earth's subsurface and our natural resources. The resulting dynamic, digital models enable Paradigm users to make intelligent and responsible exploration, production and engineering decisions.

Bernstein Research
Sanford C. Bernstein is widely recognized as Wall Street's premier sell-side research firm. Their research is sought out by leading investment managers around the world, and they are annually ranked at the very top of acknowledged arbiters. In independent surveys of major institutional clients, Bernstein's research is ranked #1 for overall quality, industry knowledge, most trusted, best detailed financial analysis, major company studies, most useful valuation frameworks, best original research, and most willing to challenge management. In Institutional Investor's 2008 annual client survey, the leading survey by which analysts in our industry are evaluated, 100% of our U.S. Analysts were recognized as among the best in their respective fields -- more than any other firm on Wall Street.

Registered Delegates

* *

*
United Kingdom
Henry Ropner
Investment Manager
FF&P Private Equity
Douwe van der Meer
Team Lead New Ventures
Nexen
United Kingdom
Hugh Ebbutt
Director
A T Kearney
United Kingdom
Alex McKenzie
artist
Finding Petroleum
Frances Morris-Jones
Non-Executive Director, OGA
Non-Executive Director
United Kingdom
Tony Grindrod
Trustee
AAPG Europe
United Kingdom
Karl Jeffery
Editor
Finding Petroleum
United Kingdom
Ramesh Shukla
Shareholder of exploration companies
None
United Kingdom
Juha Makinen
Director Financial Analysis & Modelling
Advanced Power UK
United Kingdom
Adam Marmaras
Event Organiser
Finding Petroleum
United Kingdom
Helen Turnell
Principal Consultant
NR Global Consulting Ltd
United Kingdom
James Twyman
Analyst
AllianceBernstein
John Finder
Sales Manager
Finding Petroleum / Digital Energy Journal
United Kingdom
Keith Nunn
Managing Director
Nunngeo Consulting Ltd
United Kingdom
John Douce

Analyst/Consultant
United Kingdom
Sean Humphreys
Marketing Geologist
Fugro Robertson Ltd
Maria Mackey
Systems Engineer
Oracle
United Kingdom
Brendan Shivnan
Expatriate Recruitment Representative
Aramco Overseas Company UK LTD
United Kingdom
David Webber
Seismic Operations Supervisor
GBPetroleum
Robyn Russell-Hughes
UK Account Manager
Paradigm
United Kingdom
adnan salahuddin
Head of Oil & Gas
Bank of China
United Kingdom
Jane Whaley
Editor in Chief
GEO ExPro Magazine
Sandra Allwork
Business Development Manager
Paradigm (UK) ltd
Oswald Clint
Senior Analyst
Bernstein Research
United Kingdom
Ken Armitage
MD
GeoDirk Ltd
United Kingdom
Robert Parker
Consultant
Parker
United Kingdom
Brian Sowerby
IT Architect
BG
United Kingdom
Sian Grant
Marketing Geophysicist
Geokinetics Processing Uk
Ismail Patel
Business Development Manager
Petroleum Development Consultants Ltd
Ken Agu
Executive Director
Bresson Energy Limited
United Kingdom
Lara Tarasewicz
Business Development
Geotrace
Yasmin D'Este
Business Development Director
Petroleum Geo Services
United Kingdom
Wladyslaw Wygnanski
Director
Camcon Technology Ltd
United Kingdom
Raymond Wolfson
CEO
GETECH Group plc
United Kingdom
David Bamford

Petromall Ltd
Wojtek Mausch
Senior Geophysicist
Centrica Energy E&P
United Kingdom
Steven Smith
Associate
Golder Associates
United Kingdom
William Davie
Director
Precision Impulse
United Kingdom
Clare Baldock
Sales and Marketing Manager
CGG
United Kingdom
Norman Hempstead
Director
Hempstead Geophysical Svcs
United Kingdom
Kes Heffer
Director
Reservoir Dynamics Ltd
United Kingdom
Adrian Smith
Director of Reservoir
CGGVeritas
Carl Penfold
Team Leader - Oil & Gas
Hydrogen Group
United Kingdom
Robert Snashall
Consultant
RGSConsult
United Kingdom
Simon Cooke-Yarborough

CIBC
United Kingdom
Andrew Tyler
Consultant Sales
IBM
United Kingdom
Paul Board
Business Development Manager
Robertson (A CGG company)
United Kingdom
Larissa Stoyanova

CIBC
United Kingdom
Mark Diaz
Director
IHS
United Kingdom
Dawn Murton
Events Manager
RPS Energy
United Kingdom
Arun Rattan
Account Manager
ClearChoice Careers
Kevin Chandler
Senior Product Manager - International Logs and Seismic
IHS
United Kingdom
Norrie Stanley
Consultant
RPS Energy
United Kingdom
Diwin Amarasinghe
Geophysical Specialist
Consultant
United Kingdom
Paul Jones
Software Manager
Ikon Science
Steven Rowlands
Sales Manager
Rystad Energy
United Kingdom
Micky Allen
consultant
consultant
United Kingdom
Rhydian Williams
BD Manager EAME
Ikon Science
United Kingdom
Helio Santos
President
Safekick
United Kingdom
Vladislav Grabovsky
Business Development
Consultant
United Kingdom
Rudi Lubbe
Principal Geophysicist
Ikon Science Ltd
Linda Sutherland
Consultant
Sandown Energy Consultants Limited
United Kingdom
Roger Doery
Consultant
Consultant
United Kingdom
Jarek Semrau
Senior Sales Executive
IMG
United Kingdom
Marie Subaran
Expatriate Recruitment Representive
Saudi Aramco
Colin David
Business Development
Consultant
United Kingdom
Datta Kulkarni
Account Manager
Independent
United Kingdom
Rajesh Puri

Schlumberger
Peter Farrington
Geophysicist
Consultant Geophysicist
United Kingdom
ELA BANERJEE
PROGRAMME DIRECTOR
INFORMA
United Kingdom
Charlotte Powell
Conference Manager
SMi
Dan Kunkle
Director
Count Geophysics
United Kingdom
Punita Halladey
Commercial Director
Informa
United Kingdom
laura kennedy
Marketing
SMi
David Reid

Dassault Systemes UK Ltd
United Kingdom
Sarah Williams
MD
Informa Energy
United Kingdom
Atle Rettedal

Statoil
Alex Elliott
Sub-Saharan Africa Analyst
Deloitte Petroleum Services
United Kingdom
Mayur Udernani
Upstream Practice Lead
Infosys
United Kingdom
Lars Hauge Sortland
vice president strategy and new business line
Statoil
David Mirzai
Analyst
Deutsche Bank
United Kingdom
Teresa Zargouni

ITE Group
United Kingdom
Chris Wheaton
Director
Stifel
United Kingdom
John Redfern
Chairman
Digital Earth Inc.
China
Joe Staffurth
Director
JSI Services
United Kingdom
Jan Paul van Driel
Partner
StrategicFit
United Kingdom
Nicholas Littlewood
CEO
EBToddington Limited
Neil McMahon
Director of Research
Kimmeridge Energy
Frank Jackson
MD
Sustainable Energy Projects
United Kingdom
Martin Blindheim
Managing Director
Energy Growth Partners Limited
United Kingdom
Fredrick Okaroh
Senior Account Manager
Kongsberg Oil & Gas Technologies
United Kingdom
Craig Bennett
VP Corporate Development
The Oil Council
Mary Howard
Arbitrator
ENG legal
Chris Stenlake
Senior Geologist
Linc Energy
Vikash Magdani
Managing Director - USA
The Oil Council
Martin Riddle
Technical Manager
Envoi
United Kingdom
Rod Makin
Consultant
LK Exploration
United Kingdom
chris lynden
Principal Operations Geologist
Tullow
United Kingdom
Richard Bayes
Geophysicist
EOG Resources
United Kingdom
Zsolt Schleder

Lukoil
Sunday Kumuyi
Research Associate
University of Salford
David Griffiths
General Manager
EOG Resources UK Ltd
Kira Begunova
Chief Specialist in Reservoir Modeling
Lukoil Overseas UK Ltd
United Kingdom
Alastair Bee

Westwood Global Energy
United Kingdom
Jonathan Moore
Senior Analyst
Evaluate Energy
Ed Evans
MD
NDB Ltd
United Kingdom
Malcolm Forbes-Cable
Managing Consultant
Wood Mackenzie
Mark Young
Analyst
Evaluate Energy
United Kingdom
Ailsa Messer
Regional Lead - Lower 48 (Continental U.S.)
Neftex Petroleum Consultants Ltd
Deirdre ODonnell
Managing Director
Working Smart
United Kingdom
Phuong Thai
Oil and Gas Research Associate
Evaluate Energy
Ed Reed
Senior Editor
NewsBase
United Kingdom
Alistair Stobie
CFO
Zoltav Resources
United Kingdom
Gareth Smith
MD
Exprodat Consulting Ltd
United Kingdom