Decommissioning - the D word!

...a problem or a big opportunity? 0

Tuesday, June 7, 2016, London, The Geological Society


Download our report from this conference


This event will be chaired and led by Greg Coleman and Graham Scotton of Petromall. Greg Coleman is CEO of Independent Resources Group, an AIM listed energy company, and a former Group Vice President HSE and Security with BP. Graham Scotton is a former COO of Dana Petroleum and general manager of BP Angola, among other positions.

The dreaded phrase " cessation of production" stares many assets and companies in the face in the present climate, and the word Decommissioning is writ large in many a boardroom and elsewhere.

Finding Petroleum is pleased to invite you to a "Decommissioning Discussion and Debate" on 7th of June which will examine some of the key issues - financing and tax planning, the Decommissioning Project itself-notably planning, scheduling and cost estimation, the supply chain's view, the legalities and hopefully the views of the regulator.

Various estimates of the value of the North Sea decommissioning market have been cited, from $30 to $50 billion over the next 30 years.

Our session is intended to throw some light on current industry thinking, and its state of readiness to access this market, and meet the obligations.

In particular, we hope to attract the London investment community in many forms to the session - institutional and private equity, insurance and debt providers - to stimulate creative debate on how to generate quality returns from an activity counter-intuitive to upstream oil and gas.

Agenda

8:30 Welcome & Introduction: followed by SESSION 1:

9:30

Graham Scotton - Director - PetroMall Ltd

Introduction from the chair


Graham is a former COO and acting CEO of Dana Petroleum Ltd. Before that he had a long career with BP with his most recent roles being in projects offshore Angola and in the Caspian.

PetroMall Ltd
Petromall is a unique oil and gas advisory service which prides itself on technical excellence in selected fields and supplementing business management and leadership; in the face of uncertainty.

We offer truthful, professional opinion and advice; no playback of what you already know, and no spin.

Petromall was founded by 4 senior industry and academic practitioners who consider the challenges faced by today's oil and gas environment are going to require herculean acts of leadership and technical skill in the high cost provinces of the world, in order to maintain an industry that is sustainable and even recognisable compared to recent history.

Similarly nations developing an oil and gas industry face related challenges as they seek to maximise the benefits of this new wealth-creating opportunity - in a responsible manner.

Global reach

Petromall actively participates in the facilitation and conduct of seminars worldwide, in conjunction with its associate partner Finding Petroleum.

Our presence reaches parts of the globe, such as: the UK, Malta, the USA, through partners in the Middle East, North Africa and Sub-Saharan Africa.
9:40

Greg Coleman - - PetroMall Ltd

Introduction from the chair


Greg’s 35+ years in the oil and gas industry from front line drilling supervisor to senior executive in BP has enabled him to have insight into how action and leadership at the top of an organisation work at the front line.

He specialises in advising clients on governance, strategy, risk management, M&A and commercial & operational insights to improve business performance. He is working with Heriot Watt’s Institute of Petroleum Engineering to create a Petroleum Risk Management Academy and lectures at Insead’s Executive Education Program

PetroMall Ltd
Petromall is a unique oil and gas advisory service which prides itself on technical excellence in selected fields and supplementing business management and leadership; in the face of uncertainty.

We offer truthful, professional opinion and advice; no playback of what you already know, and no spin.

Petromall was founded by 4 senior industry and academic practitioners who consider the challenges faced by today's oil and gas environment are going to require herculean acts of leadership and technical skill in the high cost provinces of the world, in order to maintain an industry that is sustainable and even recognisable compared to recent history.

Similarly nations developing an oil and gas industry face related challenges as they seek to maximise the benefits of this new wealth-creating opportunity - in a responsible manner.

Global reach

Petromall actively participates in the facilitation and conduct of seminars worldwide, in conjunction with its associate partner Finding Petroleum.

Our presence reaches parts of the globe, such as: the UK, Malta, the USA, through partners in the Middle East, North Africa and Sub-Saharan Africa.
9:45

Mark McAllister - Chairman - The Decommissioning Company

Towards a comprehensive decommissioning solution

Talk Description.
Development of decommissioning cost estimates over the last 10 years
Some of the challenges to achieving current estimates
The Decommissioning Company's solution for platform removal with insurance cover
Other key elements, eg well P&A.

Mark McAllister has been Chairman of The Decommissioning Company since its foundation in 2011. A Petroleum Engineer by training, he began working in the oil industry in 1979 with Conoco. Mark has held senior management positions in some of the most successful UK independents, including Monument Exploration (Director of Operations) and LASMO (Managing Director, Europe & North Africa). Since 2001, he has founded two UK independents which have played significant roles in the rationalisation of the mature North Sea and pioneered a new marine heavy-lift technology aimed at the growing decommissioning market. In 2009, Mark was awarded an Honorary Doctor of Technology from Robert Gordon’s University in recognition of services to the oil industry.

The Decommissioning Company
10:15

Bob Palmer - partner - CMS Cameron McKenna LLP

Legal issues around liability and future decommissioning business

Talk Description.
The legal background – Petroleum Act, Licence, JOAs, DSAs, DRDs



How the decommissioning problem has affected the industry



Where are the main concerns – liability, risk, insurance, overspend?



Opportunities for business – new players coming in?


Bob Palmer is a senior partner in the Oil & Gas Team at CMS Cameron McKenna, a leading international law firm. He has specialised in advising companies in the oil and gas industry for over 25 years.

Following his law degree at Cambridge University Bob joined McKenna & Co in 1985 and qualified as a solicitor in 1987. In 1989 he joined Shell and worked for Shell in London, Brunei and Australia. He became a partner in CMS Cameron McKenna in 1997 and advises oil and gas companies and service companies in many parts of the world on a range of work. Much of his work is M&A and advice on joint ventures and other commercial contracts, as well as advising on projects and development contracts. Bob’s recent work has been throughout Europe, Africa, South Asia and the Middle East.

He is listed in Band 1 by Chambers and Legal 500 for Energy & Natural Resources and as a leading individual by Legal 500.

CMS Cameron McKenna LLP
CMS, which provides clients with specialist, business- focused advice in law and tax matters. Our 3,000 legal professionals across the world, working in sector-based teams and trained in project management, are focused on our clients and fulfilling their objectives. CMS lawyers operate in 60 offices worldwide, offering real-world advice to clients operating in a challenging business climate and a fast-changing regulatory environment.

Our corporate lawyers provide advice across all types of commercial law; banking and finance, competition, corporate and M&A, dispute resolution, employment & pensions, environment, intellectual property, private equity, public procurement, real estate and tax.
10:45

Christopher Lloyd - Consultant - PetroMall Ltd

Decommissioning Campaigns Past, Present and Future

Talk Description.

A look back at the decommissioning of the Frigg and MCP01 structures, at the ongoing plans to decommission the Brent facilities and a look forwards to potential advances in platform removal for the future.

The first Frigg structures were decommissioned in 2005 and the project was completed in 2010. A field with similar offshore structures, Brent, is now ready to be decommissioned but using more advanced techniques and equipment.

Christopher was formerly business development manager and strategic project manager with Reef Subsea, an offshore construction and survey company. He was the commercial manager for Reef Subsea for the company's part in the Fife, Fergus, Flora and Angus (FFFA) decommissioning projects. He is an experienced chartered engineer and operations manager having worked for the last 12 years in the North Sea and Norwegian Continental Shelf. During his time at Saipem UK Limited he worked on one of the North Seas first major decommissioning project for the Frigg field and MCP-01 in 2007-2008, requiring the removal of four steel jacket structures and six topside platforms. He is currently consulting in the offshore energy space, of which decommissioning is playing an increasingly large part.

Christopher is on the national membership panel of the Energy Institute and the safety committee of the Royal Institute of Naval Architects, as well as several other industry groups.

PetroMall Ltd
Petromall is a unique oil and gas advisory service which prides itself on technical excellence in selected fields and supplementing business management and leadership; in the face of uncertainty.

We offer truthful, professional opinion and advice; no playback of what you already know, and no spin.

Petromall was founded by 4 senior industry and academic practitioners who consider the challenges faced by today's oil and gas environment are going to require herculean acts of leadership and technical skill in the high cost provinces of the world, in order to maintain an industry that is sustainable and even recognisable compared to recent history.

Similarly nations developing an oil and gas industry face related challenges as they seek to maximise the benefits of this new wealth-creating opportunity - in a responsible manner.

Global reach

Petromall actively participates in the facilitation and conduct of seminars worldwide, in conjunction with its associate partner Finding Petroleum.

Our presence reaches parts of the globe, such as: the UK, Malta, the USA, through partners in the Middle East, North Africa and Sub-Saharan Africa.
11:15 Coffee & Tea; Exhibits

11:45

Peter Tipler - Decommissioning Consultant / EIA Lead - Xodus Group

Business opportunities in decommissioning

Talk Description.
Could a company become a short term operator of an offshore asset to run it as a business opportunity
Pete Tipler is a Principal Consultant and Xodus Group’s Decommissioning Lead. In this role, Pete brings together Xodus Group’s multi-disciplinary capability and oversees strategic alliances with the supply chain. In addition, Pete is Xodus Group’s Environmental Impact Assessment (EIA) Lead. To support these roles Peter’s consultancy career to date has given him experience in marine, coastal and terrestrial decommissioning, environmental site selection, impact assessment, planning and management. Pete’s experience covers multiple industries including offshore oil and gas (including decommissioning), renewable energy (offshore wind, wave and tidal), and aquaculture. Pete’s project highlights include ongoing decommissioning support to Fairfield Energy, Statoil’s Hywind Floating Wind project approvals, and Chevron’s Captain Enhanced Oil Recovery project. He has a wealth of oil and gas project experience, including decommissioning, in the North Sea and West of Shetland. Pete’s management and leadership style is to be communicative, organised and results-focussed; with particular strength in synthesising multi-disciplinary information and keeping complex schedules with multiple dependencies on track. He has a particular interest in following appropriate logic in decommissioning and only doing the things that make business sense (challenging the rest). Aside from this he spends his spare time walking his dog and sailing.

Xodus Group
What sets the Xodus Group apart from other consultancies is our integration. Our team members work as a tightly coordinated unit, sharing data, managing risks and opportunities, and delivering true value to our clients quickly and cost-effectively. As a client, you benefit from:

Our integration - we help you make the most of your development opportunities by using our connected expertise in reservoir, subsea, flow assurance and facilities management.

Our resources - our integrated, teamwork-based business model helps us attract and retain the best consultants and engineers in all our specialist fields - so we consistently give you high-quality advice and service.

Our knowledge and experience - many of our team members are recognised industry leaders, ready to share their extensive knowledge and experience of the energy industry with you.

Our customer focus - Xodus is an owner-managed company. We take a sensitive, responsive approach to resolving our clients' needs and developing long-term relationships.

Our independence - when you work with Xodus, you won't find conflicts of interest. Instead, we focus on finding the right solutions to meet your needs, working with your teams through the entire development cycle.
12:15

Ben Holland - Partner - Squire Patton Boggs

Decommissioning Security Disputes (part 1)

Talk Description.


Ben Holland specialises in handling multi-jurisdictional large-scale dispute resolution for energy-sector clients around the world.

Ben’s practice focuses exclusively on energy-related disputes with particular emphasis on the oil and gas, LNG, power and utilities, renewables and mining sectors. Ben advises on disputes concerning the construction, operation and decommissioning of oil and gas production facilities and equipment, pipelines, onshore and offshore engineering, power and renewables facilities.

Legal 500 2015 says he is “excellent for tricky, high-value disputes”. Chambers UK says he is a “true energy disputes lawyer” and is highly recommended by market sources for his arbitration expertise.

Ben Holland and Michael Davar are co-authors of the chapter on Decommissioning Disputes for the upcoming Globe Law and Business publication of the specialist decommissioning book: Oil & Gas Decommissioning: Law, Policy and Comparative Practice

Squire Patton Boggs
We combine sound legal counsel with a deep knowledge of our clients' businesses to resolve their legal challenges. We care about the quality of our services, the success of our clients and the relationships that are forged through those successes.

Breadth and Depth

Our client base spans every type of business, both private and public, worldwide. We advise a diverse mix of clients, from Fortune 100 and FTSE 100 corporations to emerging companies and from individuals to local and national governments. In the private sector, we provide the full range of legal advice required to implement practical strategies and resolve disputes. In the public sector, we counsel governments on privatization of whole industries and on establishment of regulatory systems under which new private businesses can compete. We also serve the regional needs of the countries and cities we call home.
12:30

Michael Davar - Associate - Squire Patton Boggs

Decommissioning Security Disputes (part 2)


Michael Davar is a UK qualified lawyer specialising in international dispute resolution and litigation. Michael advises on a range of complex multi-jurisdictional commercial disputes for various clients including offshore contractors, oil and gas operators, shipowners, charterers, cargo owners, brokers, shipbuilders, banks, private equity, information technology companies and high-net worth individuals in arbitration, litigation and mediation in London, Singapore and Australia.

Prior to entering the legal industry, Michael worked as a forex and fixed income trading analyst at the Hedge Fund, Nau Capital LLP. He holds degrees in law and economic history and speaks several languages including Russian and Georgian.

Ben Holland and Michael Davar are co-authors of the chapter on Decommissioning Disputes for the upcoming Globe Law and Business publication of the specialist decommissioning book: Oil & Gas Decommissioning: Law, Policy and Comparative Practice

Squire Patton Boggs
We combine sound legal counsel with a deep knowledge of our clients' businesses to resolve their legal challenges. We care about the quality of our services, the success of our clients and the relationships that are forged through those successes.

Breadth and Depth

Our client base spans every type of business, both private and public, worldwide. We advise a diverse mix of clients, from Fortune 100 and FTSE 100 corporations to emerging companies and from individuals to local and national governments. In the private sector, we provide the full range of legal advice required to implement practical strategies and resolve disputes. In the public sector, we counsel governments on privatization of whole industries and on establishment of regulatory systems under which new private businesses can compete. We also serve the regional needs of the countries and cities we call home.
12:45

Belinda Perriman - Social Entrepreneur and Carbon Capture & Storage Consultant - Teesside Collective

Maximising Economic Recovery - through Maximising Emissions Reduction

Talk Description.


I am an Upstream Oil & Gas professional, starting my career as a wellsite petroleum and reservoir engineer. From a VP of Shell Capital at start-up, Value Based Management champion, I lead Upstream Commercial projects, including global acquisitions and swaps. I was Shell Lead of the Peterhead Carbon Capture & Storage (CCS) Project from UK DECC Bid to Front End Design Phase.

Teesside Collective
Teesside Collective is a cluster of leading industries with a shared vision: to establish Teesside in Tees Valley as the go-to location for future clean industrial development by creating Europe’s first Carbon Capture and Storage (CCS) equipped industrial zone
13:15 Lunch & Exhibits, close

Sponsors of this event

PetroMall Ltd
Petromall is a unique oil and gas advisory service which prides itself on technical excellence in selected fields and supplementing business management and leadership; in the face of uncertainty.

We offer truthful, professional opinion and advice; no playback of what you already know, and no spin.

Petromall was founded by 4 senior industry and academic practitioners who consider the challenges faced by today's oil and gas environment are going to require herculean acts of leadership and technical skill in the high cost provinces of the world, in order to maintain an industry that is sustainable and even recognisable compared to recent history.

Similarly nations developing an oil and gas industry face related challenges as they seek to maximise the benefits of this new wealth-creating opportunity - in a responsible manner.

Global reach

Petromall actively participates in the facilitation and conduct of seminars worldwide, in conjunction with its associate partner Finding Petroleum.

Our presence reaches parts of the globe, such as: the UK, Malta, the USA, through partners in the Middle East, North Africa and Sub-Saharan Africa.

McKenzie Art
Alexandra McKenzie is resident artist for Finding Petroleum and Digital Energy Journal and specialises in oil and gas, shipping and heavy engineering art.

You can see her work on the websites and programs for Finding Petroleum events and on the cover of Digital Energy Journal.

Limited edition artwork is available on sale at the Finding Petroleum event - including the artwork used on the current edition of Digital Energy Journal, available as a hand coloured lino print.

She is available for commissions, including for corporate offices, homes, banners and publications - as an interesting conversation piece or to develop interest in your products.

You can meet Alex at coffee time and lunch in the Geological Society library.

Registered Delegates

Hugh Ebbutt
Director
A T Kearney
United Kingdom
Mark Llamas
Managing Director A&D
FirstEnergy Capital LLP
United Kingdom
mike DEAN
Director
Oil & Gas Development Estimating
Geoffrey Boyd
Field Development Consultant
Antium FRONTFIELD
United Kingdom
John Leggate
Managing Partner
Flamant Technologies
United Kingdom
Mark Robinson
Managing Director - Geoscientist
Oil and Gas Consultancy
United Kingdom
Santosh Singh
Partner
Apta Consulting Ltd
United Kingdom
Jerry Flaxman
Principle
Ftl
Piers Johnson
Managing Director
OPC
Henry Lang
Partner Oil and Gas
Arcadis
Kim Noakes
Technical Consultant
g3baxi partnership
United Kingdom
Debbie McIntosh
Senior Consultant
OTM Consulting
United Kingdom
Michael Darke
Director
Asakir Energy
Drew Powell
Global Director-Operations
Gaffney, Cline & Associates
United Kingdom
Graham Scotton

Petromall
Laura Iley

Aspectus PR
United Kingdom
Alexander Chalke
Partner
Grosvenor Clive & Stokes
United Kingdom
John Lewis
Head of corporate services
Premier Oil
Andrew Gilmore
Head of Business Development - Oil & Gas
Babcock Energy & Marine Services
United Kingdom
John Corr
Manager - Consultancy
Hannon Westwood
United Kingdom
Krisztina Kovacs
Manager, PwC Deals Strategy - O&G
PWC
United Kingdom
Iain Poole

Barnett Waddingham LLP
Conor Doherty
Scout
IHS
United Kingdom
Andreas Exarheas
Assistant Editor
Rigzone
United Kingdom
Simon Berkeley
Director
Berkeley Associates
United Kingdom
Alastair Reid
Consultant
IHS
United Kingdom
Brian Hepp
President
Rocky Mountain Limited
United Kingdom
Torsten Glaeser
Global PSCM Category Lead - Land Acquisition & Data Processing
BP
United Kingdom
Grigorij Serscikov
Director
IHS Global
James McEwen

Rothschild
United Kingdom
Jon Clark
Environment Director
Calash Ltd
Alexander Edwards
Geopressure Team Lead
Ikon Science
Kay Salmon
Associate Director
RPS Energy
United Kingdom
Bob Spence
Director
Capital Project Partners Ltd.
United Kingdom
Stephen Jenkins
Snr VP
Ikon Science Ltd
Norrie Stanley
Consultant
RPS Energy
United Kingdom
Edward Osterwald
Senior Partner
CEG Europe
Astor Luft
Client Engagement Leader
Independent Project Analysis Ltd
Michele Peduzzi

Santander
United Kingdom
Andrew Webb
Manager, Petroleum Reservoir and Economics
CGG
United Kingdom
Katya Petrochenkov

Independent Project Analysis Ltd
Dan Newton
Technical Sales - IM
Schlumberger Information Solutions
United Kingdom
Chris Gumm
Business Development
CGX
United Kingdom
Greg Coleman
CEO
Independent Resources Plc
United Kingdom
james compston
SVP Business Development
SNC Lavalin
Christopher Lloyd

CL Consultancy
United Kingdom
Kirsten Oliver
Asset Management Lead
INTECSEA
Michael Davar
Associate
Squire Patton Boggs
Bob Palmer
partner
CMS Cameron McKenna
Mark Jones
Business Development Manager E&A
INTECSEA
United Kingdom
Ben Holland
Partner
Squire Patton Boggs
Danielle Kent
Associate
Dentons
United Kingdom
Katerina Gunningham
Partner
Iskra Consulting Ltd
United Kingdom
Halvard Green
Project Manager
Target Energy Solutions
Andrew Rodda
North Sea Data Analyst
drillinginfo
United Kingdom
Sangeeta Jordan
Researcher
JOGMEC
United Kingdom
Belinda Perriman
Carbon Capture & Storage Consultant
Teesside Collective
Ben Dewhirst
Geologist
Echo Energy plc
United Kingdom
Alex Barrack
Relationship Management
Lloyds Bank
Matt Tyrrell
Geologist
TGS
United Kingdom
Chad Barnes
Upstream Analyst
Energy Industries Council
United Kingdom
Veeraj Adatia
Analyst
Lloyds Banking Group
Jonny Clarke

The Decommissioning Company
Martin Riddle
Technical Manager
Envoi
United Kingdom
Nina Gray
Managing Director
Major, Lindsey & Africa
United Kingdom
Mark McAllister
Chairman
The Decommissioning Company
Mark Holliday
Director
ERCEquipoise
Michael Blakemore
Director
Michael J. Blakemore Ltd
United Kingdom
Brian McBeth
Managing Partner
The Oxford Consultancy Group
United Kingdom
Andrew Hockey
director
Fairfield Energy
Joseph Woodward

MSc Petroleum Engineering Graduate
United Kingdom
Andy Cooper
Sales Director
thyssenkrupp
United Kingdom
Karl Jeffery
Editor
Finding Petroleum
United Kingdom
Nicholas Newman
Energy Journalist
nicnewmanoxford.com
Chris de Goey
Director
Xodus
United Kingdom
Richard McIntyre
Sales Manager
Finding Petroleum
Hussain Kubba

Norton Rose Fulbright LLP
United Kingdom
Peter Tipler
Decommissioning Consultant / EIA Lead
Xodus Group
Avinga Pallangyo
Conference Organiser
Finding Petroleum
Anna Smirnova
Associate
Norton Rose LLP
United Kingdom
Jonathan Fuller
Director
Xodus Group
United Kingdom
Alexandra McKenzie
artist
Finding Petroleum
Helen Turnell
Principal Consultant
NR Global Consulting Ltd
United Kingdom
Steven Miller
Business Development Manager
Zenith Energy
Karl Jeffery
Editor
Finding Petroleum / Digital Energy Journal
United Kingdom
mike dean
Director
OGDE
United Kingdom
Andrew Zolnai
Owner
zolnai.ca
United Kingdom