Developments with unconventionals

Understanding the unconventionals opportunity in Europe 0

Wednesday, October 10, 2012, London, The Geological Society

Our industry has developed the technical 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.

So if ‘conventional resources’ are defined as light oil or ‘clean’ gas in good poroperm sandstone or carbonate reservoirs, what do we refer to as ‘unconventional resources’ at the moment?

We can think about ‘unconventional hydrocarbons’: examples would include ‘heavy’ oil, ‘sour’ gas, ‘waxy’ crude, or about ‘unconventional reservoirs’: examples would include fractured ‘basement’, ‘tight’ sandstones, shales, coal beds, hydrates – in fact anything other than good poroperm sandstones or carbonates.

The only one of these resources for which the development technology is not yet proven is gas hydrates. The rest – whether shale gas, shale oil, ‘heavy’ oil, ‘waxy’ crude, coal bed methane, ‘tight’ gas – are all amenable to known, proven technologies, available in a competitive market.

What varies at the moment are the economics of exploitation. Thus, and for example, much shale gas in the USA is non-commercial at current prices; indeed, one could take the view that the best cash flow from shale gas has in fact come to oil field service companies that supply Fracturing/Stimulation, Horizontal Drilling or 3D/4D Seismic and to the US ‘resource play’ companies that have sold or farmed-down their shale gas assets.

Thus many ‘resource players’ are switching to shale oil, or are looking internationally for gas opportunities.

Putting North America to one side, the critical question is: where are the best international opportunities for investments in ‘unconventionals’?

Agenda

9:00 Arrivals and Registration. Tea & Coffeee

9:30

David Bamford - - New Eyes Exploration

Welcome & Introduction - Below ground, "we have the technology!"


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

Robert West - Research Associate - Sanford C. Bernstein

The significance of Unconventionals in the global picture


Sanford C. Bernstein
Helping you build and preserve your wealth through the decades with investment research, financial planning, and wealth management services.
10:25

Neil McMahon & Ben Dell - - Kimmeridge Energy

Defining the core of shale plays


Kimmeridge Energy
Founded in 2012, Kimmeridge Energy invests directly in unconventional oil and gas projects and assets, primarily in North America.
The Kimmeridge team consists of investment professionals with deep industry relationships and an in-house operating team with considerable experience in geologic evaluation, land acquisition and engineering.
Kimmeridge Energy maintains offices in New York City, Denver and London.

For more information about Kimmeridge Energy, please visit the Company's web site at www.kimmeridgeenergy.com.
11:00 Tea & Coffee

11:30

Manas Koley - Senior Geologist - Schlumberger

Exploitation of shale gas/oil - a journey from the US to Europe


Schlumberger
Schlumberger is the leading oilfield services provider, trusted to deliver superior results and improved E&P performance for oil and gas companies around the world. Through our well site operations and in our research and engineering facilities, we are working to develop products, services and solutions that optimize customer performance in a safe and environmentally sound manner.
12:05

Per Magnus Nysveen - Senior Partner and Head of Analysis - Rystad Energy

A long term global forecast for the extraction of oil and gas from shale formations


Per Magnus joined Rystad Energy in 2004 and is leading the analysis team. He has particular expertise as an upstream portfolio and transaction advisor as well as wide experience with financial and fiscal regimes globally. He is also responsible for evaluation analysis of unconventional activities and is in charge of the North American Shale Quarterly Report. Per Magnus has developed comprehensive models for production profile estimations and financial modeling for oil and gas fields. He has 20 years of experience within risk management and financial analysis, primarily from DNV. In addition, he was responsible for risk assessment of the European Space Program, residing eight years in France and three years in South America. At DNV, Per Magnus had a pivotal role in various projects assessing offshore project risks and petroleum portfolios. He holds an M.Sc. degree from the Norwegian University of Science and Technology and an MBA from INSEAD in France.

Rystad Energy
Rystad Energy's Vision
"Transparency in the oil and gas business"

Who we are
Rystad Energy is an independent oil and gas consulting services and business intelligence data firm offering global databases, strategy consulting, and research products. Rystad Energy's headquarters are located in Oslo, Norway.

What we do
Rystad Energy provides services and products to E&P and oilfield service companies, investors, investment banks, and governments.
•Global databases - interactive, bottom-up, and up-to-date databases covering the industry
•Consulting services - providing support on strategy, transactions, market assessments, macro trends, etc.
•Research products - multi-client reports provided as strategy tools or market deep dives
•IT systems - transforming a third party's proprietary data to be accessed using Rystad Energy's deployment platform
12:40

David Bamford - - New Eyes Exploration

Above ground, there are "no hands on DECC"!


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.
13:00 Raffle prize draw, followed by lunch & refreshments

Sponsors of this event

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.

Rystad Energy
Rystad Energy's Vision
"Transparency in the oil and gas business"

Who we are
Rystad Energy is an independent oil and gas consulting services and business intelligence data firm offering global databases, strategy consulting, and research products. Rystad Energy's headquarters are located in Oslo, Norway.

What we do
Rystad Energy provides services and products to E&P and oilfield service companies, investors, investment banks, and governments.
•Global databases - interactive, bottom-up, and up-to-date databases covering the industry
•Consulting services - providing support on strategy, transactions, market assessments, macro trends, etc.
•Research products - multi-client reports provided as strategy tools or market deep dives
•IT systems - transforming a third party's proprietary data to be accessed using Rystad Energy's deployment platform

Exhibition Stands

Drilling Info / DII International
Drillinginfo accelerates workflows and business critical decision processes for the oil and gas industry resulting in faster, smarter, safer exploration and production of global resources. Drillinginfo offers an anytime, anywhere interface to data, analysis and mining tools through a vast web-enabled database of land, well, production and scouting information.


Registered Delegates

Hugh Ebbutt
Director
A T Kearney
United Kingdom
Rebecca Bolton

Fugro Robertson
United Kingdom
Ivan Sandrea

Oxford Institute for Energy Studies
United Kingdom
Tony Grindrod
Trustee
AAPG Europe
United Kingdom
Martin Hodge
Business Development & Project Geophysicist
Geokinetics
United Kingdom
Mike Larkin
Business Development Executive
Palantir Solutions
United Kingdom
Juha Makinen
Director Financial Analysis & Modelling
Advanced Power UK
United Kingdom
elwyn jones
Director
GeoPartners
United Kingdom
James Elston
Director
Palladian Energy
United Kingdom
Marie Subaran
HR Assistant
Aramco Overseas
United Kingdom
Oluwafunsho Daniel

Greenwich Maritime Institute
United Kingdom
Ekaterina Krylova
Account Manager
Paradigm
United Kingdom
Brendan Shivnan
Expatriate Recruitment Representative
Aramco Overseas Company UK LTD
United Kingdom
Alexander Chalke
Partner
Grosvenor Clive & Stokes
United Kingdom
Robert Parker
Consultant
Parker
United Kingdom
Lucy Bagnall
Underwriter
Argenta Syndicate Management
United Kingdom
Norman Hempstead
Director
Hempstead Geophysical Svcs
United Kingdom
Gerald Stein
Director
Pays International
United Kingdom
Dominic Thasarathar
Strategic Industry Relations
Autodesk
United Kingdom
Jayson Marks
Partner
Holman Fenwick Willan
United Kingdom
Mohammad Sirawan
Reservoir Engineer
PDC
United Kingdom
Laura Devereux
Underwriter
Beazley
Thomas Galgut
Consultant
Hydrogen Group
United Kingdom
Cathryn dela Rosa

Petra Energia
United Kingdom
Oswald Clint
Senior Analyst
Bernstein Research
United Kingdom
Carl Penfold
Team Leader - Oil & Gas
Hydrogen Group
United Kingdom
Temitope Adeyinka
Energy Analyst/Economist
Petroleum Development Consultants
United Kingdom
Philipp Chladek
Analyst
Bloomberg Research
United Kingdom
Graham Chalker
Global Practice Leader Oil and Gas
Hydrogen Group
United Kingdom
Ismail Patel
Business Development Manager
Petroleum Development Consultants Ltd
eric oudenot
Principal
Boston Consulting Group
United Kingdom
Lee Shorter
Business Development Manager, Africa
IHS
United Kingdom
Michael Sloane
Commercial Director
Petromall
United Kingdom
Ken Gardiner
Business Development
Business Development Consultant
United Kingdom
Michael Wynne
Senior Director Global Operations
IHS
United Kingdom
Greg Coleman
CEO
Petromall
United Kingdom
David Turnell
Account Manager
Cameron Surface Systems
United Kingdom
Bani Norouzian
Business Development Manager-IHS Energy
IHS Global
United Kingdom
Perry Young
Technical Manager
PetroSaudi
Wojtek Mausch
Senior Geophysicist
Centrica Energy E&P
United Kingdom
Kevin Phillips
Principle Basin Research Geologist
Ihs Markit
United Kingdom
Alastair Graham
Director Upstream
PetroSaudi International
United Kingdom
Andrew Webb
Manager, Petroleum Reservoir and Economics
CGG
United Kingdom
Luis Merida

Imperial College
United Kingdom
ARUNA MANNIE
Senior Exloration Geoscientist
Premier Oil
United Kingdom
Clare Baldock
Sales and Marketing Manager
CGG
United Kingdom
Chris McCarthy
Director
InfoCentric
United Kingdom
Faye Wilson
CEE Analyst
PSG Deloitte
United Kingdom
Heather Pratt
Geomarket Director Europe
CGG
United Kingdom
John Knowles
Director
InfoCentric Limited
United Kingdom
Nigel Quinton
Consultant
QX Energy Limited
United Kingdom
Jan Loades
Marketing Geologist
CGG
United Kingdom
Jack Pegram
Conference Producer
Informa Energy
United Kingdom
Mark Redway
Fund Manager
RAB Capital
United Kingdom
Charles Rutter
Analyst
Churchill Capital
United Kingdom
Joe Staffurth
Director
JSI Services
United Kingdom
Josh King
Analyst
RAB Capital
United Kingdom
phil sheridan
director
churchill capital
United Kingdom
Rodrigo Rendon
Head of Business Development
KCA Deutag
United Kingdom
Nick Bright

Retired
United Kingdom
Viktoriia Plyushch
LLM student
City Law School
United Kingdom
Neil McMahon
Director of Research
Kimmeridge Energy
Paul Board
Business Development Manager
Robertson (A CGG company)
United Kingdom
Hayrullah Ekiz
Llm student
City university
Turkey
Alexander Inkster
Vice President
Kimmeridge Energy
United Kingdom
Robert Waterhouse
Director
Rosha Resources Ltd
United Kingdom
Merle Vanikver

City University Law School
Estonia
Olusegun Sodeinde
Dean of Engineering
Lagos State Polytechnic,Ikorodu
Nigeria
Norrie Stanley
Consultant
RPS Energy
United Kingdom
Dimitrios Arvanitis
PhD Researcher
City University London
United Kingdom
Peter Allen
consultant
layla resources
United Kingdom
Mick Small
Project Manager
RPS Energy
John Summers
Geologist
Consultant
United Kingdom
Christopher Touhey
Assistant Vice President
Liberty International Underwriters
United Kingdom
Steven Rowlands

Rystad Energy
United Kingdom
Micky Allen
consultant
consultant
United Kingdom
Peter Nicol
Advisory
Locin Energy
United Kingdom
Julia Weiss

Rystad Energy
Diwin Amarasinghe
Geophysical Specialist
Consultant
United Kingdom
Camilla Roughan

Lockton
United Kingdom
Rob West

Sanford Bernstein
United Kingdom
Dan Kunkle
Director
Count Geophysics
United Kingdom
Charlie Whittaker

Lockton
United Kingdom
Masood Ayoub
Commercial Director
Sarwarzad Energy Ltd
United Kingdom
Andrew Nunn
Asset Lead - UK Exploration
Dart Energy (Europe) Ltd
United Kingdom
Peter Leahy
Managing Director, Energy
Lockton Energy
Manas Koley
Technical Sales Manager - Geology
Schlumberger
United Kingdom
karl jeffery
Editor
Digital Energy Journal
United Kingdom
David Egya

London South Bank University
United Kingdom
Oguz Gurbuz
Associate Engineering
Scotia Waterous
United Kingdom
Fabrice Toussaint
Chief Petroleum engineer
Dinova Petroleum ltd
United Kingdom
Ludmilla Holmes

LSBU
United Kingdom
Bill Senior
Consultant
Senior CCS Solutions Ltd
United Kingdom
Stephen Bellamy
Contracts
Drilling and Servicing Contractors
United Kingdom
Andrew Hayman

Lynx Information Systems
United Kingdom
Matt Whitfield
BD
Shale Gas World
United Kingdom
Ed Tree
Geophysical Consultant
Ed Tree Consulting
United Kingdom
David Dugdale
Analyst
Manulife Asset Management
United Kingdom
Laura Mackett

SNR Denton
United Kingdom
Toyin Solanke
Consultant
Eknalos GeoTek
United Kingdom
STUART SMITH
Underwriter
Markel International
United Kingdom
Mirjam Stegmann
Senior Analyst
Statoil
United Kingdom
Ali Zolalemin
Director
Emeres Ltd
United Kingdom
Charles Speh
Managing Director
Milestone Exploration Limited
United Kingdom
Irini Katsiani
Manager, Business Development
Statoil
United Kingdom
Nnamdi Anyadike
London office
Energy Correspondent
United Kingdom
Ed Evans
MD
NDB Ltd
United Kingdom
Jan Paul van Driel
Partner
StrategicFit
United Kingdom
Martin Blindheim
Managing Director
Energy Growth Partners Limited
United Kingdom
Florence Bebb

Neftex
United Kingdom
phillip moss
European Sales Manager
Teledyne Isco
United Kingdom
Alex Martinos
Senior Analyst
Energy Intelligence Group
United Kingdom
Douwe van der Meer
Team Lead New Ventures
Nexen
United Kingdom
Derric Richardson
New Venture Manager
Tesla Exploration
United Kingdom
Martin Riddle
Technical Manager
Envoi
United Kingdom
Laura Binnie
Geoscience Technologist
NEXEN
United Kingdom
Ben Sayers
Business Development Manager, AME
TGS
United Kingdom
Richard Bayes
Geophysicist
EOG Resources
United Kingdom
Ramesh Shukla
Shareholder of exploration companies
None
United Kingdom
Elena Plekhanova

The City Law School
CHRIS SAMSON
Senior Operations Geologist
EOG Resources United Kingdom Ltd
United Kingdom
Nikki van der Meer
Associate
Norton Rose LLP
United Kingdom
Bryony Senczyszyn
Conference Director
The Energy Exchange
United Kingdom
Charles Czajkowski
Senior Business Development Manager
EPI Ltd
United Kingdom
Peter Henley
Associate
Norton Rose LLP
United Kingdom
Oliver Stevens
Director
The Energy Exchange
Mark Young
Analyst
Evaluate Energy
United Kingdom
Anna Smirnova
Associate
Norton Rose LLP
United Kingdom
Brian McBeth
Managing Partner
The Oxford Consultancy Group
United Kingdom
Phuong Thai
Oil and Gas Research Associate
Evaluate Energy
Stuart Fordyce
Geologist
Novas Consulting
United Kingdom
Bill Arnold

Trap Oil Group plc
United Kingdom
Adam Marmaras
Event Organiser
Finding Petroleum
United Kingdom
Richard Burren
InSAR Surveying Manager
NPA Satellite Mapping, a CGG Company
United Kingdom
Alastair Bee

Westwood Global Energy
United Kingdom
John Finder
Sales Manager
Finding Petroleum / Digital Energy Journal
United Kingdom
Keith Nunn
Managing Director
Nunngeo Consulting Ltd
United Kingdom
Steve Esau
Analyst
Xynteo
United Kingdom
Victoria Cole
Petroleum Geologist
Fugro Robertson
United Kingdom
Gareth Pearce

Oil and Gas
United Kingdom