Emerging deepwater areas

Understanding the deepwater opportunity 0

Wednesday, September 26, 2012, London, The Geological Society

Deep Water Exploration success has underpinned global exploration discovery volumes since the mid-1990’s when results from the Gulf of Mexico began to be matched by those from the deep water parts of the Congo, Niger and Nile deltas and the Campos basin.

From time to time, we began to think that perhaps there would be no more deep water provinces; and then along came Ghana and the Santos basin, and latterly French Guiana, East Africa (maybe) and Angolan sub-salt!

And of course the Gulf of Mexico will continue to test ever deeper water, ever deeper targets and ever more ‘paradigm-breaking’ depositional systems….if Washington can ever get its act together.

But isn’t the end now in sight?

One of our Finding Petroleum number has, we recall, previously offered to drink all the oil that’s developed around the Falkland Islands - recent drilling seems to reveal that so far he is safe!

And offshore Greenland has proved a disappointment to Cairn Energy. As has Namibia to Chariot.
And the South China Sea seems less promising rather than more……..
And isn’t New Zealand a long way from anywhere?
And are the Indian deeper water discoveries really as large as reported?

And if we are going to explore ever more remote deepwater regions, can we say anything about technologies that help us in meeting the challenge without losing our shirts in the process; can we reduce exploration risk, can we reduce the extraordinarily high cost of drilling?

And of course there remains ‘a shadow in the room’ – have events in the Gulf of Mexico impacted the industry’s ability to explore and develop these remote frontier regions? Is regulation tightening and will the demand for financial guarantees against potential loss and damage exclude all but the biggest companies?

Agenda

9:00 Arrivals and Registration. Tea & Coffee

9:30

David Bamford - Director - Finding Petroleum

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.

Finding Petroleum
Finding Petroleum was established to help the oil and gas industry network, and stay up to date on the latest technological developments. It does this via hosting regular events and with an online social network of nearly 10,000 members.
9:40

Oswald Clint - Senior Analyst - Bernstein Research

The significance of Deep Water to global supply


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.
10:15

Dr Keith Myers - Founding Partner - Richmond Energy Partners

Mid and Large Cap explorers - where are they succeeding in 2008-2012?


After completing a Ph. D. at Imperial College, Keith joined BP in 1987 as a geologist. Following a variety of technical roles, he became a Senior Commercial Advisor in 1996 when he led several major negotiations for new business access as well as Business Strategies for BP’s business in West Africa and BP’s Strategic Alliance with Statoil. Since 2000 Keith has been an advisor to numerous energy companies on strategy and partnership issues Keith founded Richmond Energy Partners in 2006 to provide independent advice to investors in smaller oil and gas companies. Richmond Energy advise some of the largest funds and institutions investing in the sector. Keith takes a keen interest in oil sector governance and served on the organising committee of the Good Governance of the National Petroleum Sector Project at the think tank Chatham House.

Richmond Energy Partners
Richmond Energy Partners was founded in 2006 and provides independent advice to investors in smaller oil and gas companies. It provides advice to some of the largest funds and institutions investing in oil and gas. Dr Myers has a Phd from Imperial College, London and joined BP as a geologist in 1987, eventually becoming senior commercial advisor at BP in 1996, leading negotiations for new business access for BP in Angola and in its strategic alliance with Statoil.
10:50 Tea & Coffee

11:15

James Etienne - Managing Director - Landmark Exploration Insights

New Deep Water plays around the globe


Landmark Exploration Insights
Landmark Exploration Insights (formerly Neftex), is a product family within Landmark, a business line of Halliburton. We specialise in the collation, integrations and interpretation of large geoscience dataset and the delivery of these as subsurface models. We are recognised as industry leaders in the provision of web-based sequence stratigraphic products and their global application. Our integrated global geological database - the Neftex Earth Model delivers data, knowledge and insight to help our clients better understand geological risk in their exploration and investment activities.
11:50

Richard Swarbrick - Managing Director GeoPressure - Ikon Science

“Pressure regimes in Deep Water areas: Cost and exploration significance”

Talk Description.
We will use our worldwide experience (including most of the areas in the Finding Petroleum introduction for this event - Greenland, Falklands, Gulf of Mexico, Niger Delta, Angola, Namibia - and much more to illustrate the talk and develop discussion of appropriate technology for deep water drilling.
Ikon Science
Ikon Science is a global geoprediction technology company providing industry leadership in the prediction of reservoir properties, pressures and fluids. It's RokDoc® software, Quantitative Interpretation, GeoMechanics and GeoPressure services all leverage the power of rock physics to integrate well, geopressure and seismic data to understand the subsurface. Ikon Science's RokDoc software platform and related services are used in over 200 leading oil, gas, energy and service companies throughout the world.

Ikon Science, founded in 2001, has over 200 staff and operates from 19 offices across the world. The company is privately owned and investors include Fleming Family & Partners and Tullow Oil plc.
12:25

Ron Borsato - Team Leader - Advisor Geophysics - PGS

The Atlantic Conjugate Margins: An Exploration Strategy

Talk Description.
The Deep Water South Atlantic Conjugate Margin - Africa from the Transform Margin down to Angola and Brazil from the Eq. Margins down to the Santos Basin
PGS
PGS is a leading, international, marine geophysical company. Our business is technology driven and we provide a range of products and services including MultiClient data, as well as tailored acquisition, and imaging.

Our large, modern data library comprises ~850 000 sq. km 3D and ~670 000 km of 2D seismic data that targets areas of high prospectivity, where oil companies have potential to access acreage. Around 44% of the 3D data in our library and 60% of the 2D data have been acquired with multisensor GeoStreamer® technology. That proportion is growing.

PGS is the industry's most experienced provider of multisensor broadband data.

Worldwide, PGS operates three larger sales and imaging hubs in Europe and North America, and has local offices in 13 countries. The PGS headquarters is in Oslo, Norway and the PGS share is listed on the Oslo stock exchange (OSE: PGS).

PGS activities are organized into three business areas.
.Sales & Imaging promotes and sells seismic services including tailored acquisition contracts, MultiClient library data, and imaging services .New Ventures designs and markets new MultiClient campaigns and manages strategic projects .Operations & Technology plans, manages and executes all our acquisition projects, and develops new technology solutions
13:00 Raffle prize draw, followed by lunch & refreshments

Sponsors of this event

Fairfield Nodal
Tight spaces. Sensitive environments. Harsh conditions. Elusive hydrocarbons. We know what you're up against. For over 30 years, FairfieldNodal has developed, manufactured and put to the test exclusive nodal seismic data systems and technology that help clients around the globe streamline operations and achieve more definitive answers with less risk. On land and at sea.

While we're known for our vast library of non-exclusive data in the Gulf of Mexico, we've also become the preeminent pros in node technology as a result. Our proprietary ZNodal technology is behind everything we do, and we do a lot. Count on FairfieldNodal for products, services and people prepared to help you tackle any terrain and marine depth.

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.

EPI
EPI is an independent, highly experienced and skilled seismic QC/QA consultancy to the Energy Industry with a variety of specialist skills for land, marine and TZ Quality Control. As an international consultancy we work globally providing clients with outstanding 'seismic QC solutions'. Our experience includes: * Arctic exploration * 4D Reservoir monitoring * Carbon capture & storage * Frontier exploration * OBC/ OBC technologies * Wireless & node technology * Unconventional resources.

We offer a fully bespoke service and cover all aspects of project design, parameter and source optimisation, crew mentoring, start-ups, technical assurance, HSSE QC support and seismic data processing.

Ikon GeoPressure
Ikon GeoPressure provide global best practice in subsurface pressure analysis. Delivering consulting, training and integrated technology to reduce risk and increase success from overpressure and geopressure in exploration, development and production situations. Ikon GeoPressure are part of Ikon Science, the global geoscience technology company committed to bringing innovative geoscience technology to the upstream oil and gas industry.

Ikon Science, founded in 2001, employs over 80 people and has offices in London, Durham, Edinburgh, Houston, Boulder, Lagos, Kuala Lumpur and Perth Western Australia.

IHS
IHS is the leading source of information, insight and analytics in critical areas that shape today's business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence.

Exhibition Stands

Fairfield Nodal
Tight spaces. Sensitive environments. Harsh conditions. Elusive hydrocarbons. We know what you're up against. For over 30 years, FairfieldNodal has developed, manufactured and put to the test exclusive nodal seismic data systems and technology that help clients around the globe streamline operations and achieve more definitive answers with less risk. On land and at sea.

While we're known for our vast library of non-exclusive data in the Gulf of Mexico, we've also become the preeminent pros in node technology as a result. Our proprietary ZNodal technology is behind everything we do, and we do a lot. Count on FairfieldNodal for products, services and people prepared to help you tackle any terrain and marine depth.

Registered Delegates

Ron Daniel
Staff Geologist
-
United Kingdom
Gemma Scougal
Petroleum geologist
Getech
United Kingdom
Tom Taylor
Fund Manager
Oldfield Partners
Hugh Ebbutt
Director
A T Kearney
United Kingdom
Richard Spoors
Director
Greensand Exploration Ltd.
United Kingdom
Peter Dolan
advisor to the board of directors
ophir energy plc
United Kingdom
Tony Grindrod
Trustee
AAPG Europe
United Kingdom
James Cockings
Consultant Petroleum Geologist
Gulfsands Petroleum
United Kingdom
Chetan Laddha

OTM Consulting Ltd
United Kingdom
Olga Shtepenko
Associate Director
AECOM
United Kingdom
Norman Hempstead
Director
Hempstead Geophysical Svcs
United Kingdom
Ivan Sandrea

Oxford Institute for Energy Studies
United Kingdom
Paul Murphy
Key Account Manager, Oil and Gas Division
Airbus Defence and Space
United Kingdom
David Jenkins
Director
Hurricane Energy plc
United Kingdom
David Buchan
Research fellow
Oxford Institute for Energy Studies
United Kingdom
Amanda Yensa Manor
Consultant
Amanda Yensa Manor Sole Trader
United Kingdom
Mark Diaz
Director
IHS
United Kingdom
Mike Larkin
Business Development Executive
Palantir Solutions
United Kingdom
John Douce

Analyst/Consultant
United Kingdom
Kevin Chandler
Senior Product Manager - International Logs and Seismic
IHS
United Kingdom
Robert Parker
Consultant
Parker
United Kingdom
Lucy Bagnall
Underwriter
Argenta Syndicate Management
United Kingdom
Lee Shorter
Business Development Manager, Africa
IHS
United Kingdom
Kitty Hall
Director
Peak MK Ltd
United Kingdom
Alex Richards
Business Manager - Oil & Gas
BAE Systems Detica
United Kingdom
Michael Wynne
Senior Director Global Operations
IHS
United Kingdom
Temitope Adeyinka
Energy Analyst/Economist
Petroleum Development Consultants
United Kingdom
Oswald Clint
Senior Analyst
Bernstein Research
United Kingdom
Rhydian Williams
BD Manager EAME
Ikon Science
United Kingdom
Yasmin D'Este
Business Development Director
Petroleum Geo Services
United Kingdom
Brian Sowerby
IT Architect
BG
United Kingdom
Martyn Millwood Hargrave
CEO
Ikon Science Ltd
United Kingdom
Ron Borsato
Team Leader - Advisor Geophysics
Petroleum GeoServices
United Kingdom
chris roberts
principal
BS consultants
United Kingdom
Luis Merida

Imperial College
United Kingdom
Greg Coleman
CEO
Petromall
United Kingdom
Emily Ashford
Director - Oil & Gas Research
Cantor Fitzgerald
United Kingdom
Chris McCarthy
Director
InfoCentric
United Kingdom
Iain Brown

PGS
United Kingdom
Wai Cheung
general manager
Carbon Capture Journal
Mark Osborne
Technology Manager Oil & Gas
Jacobs
United Kingdom
Tom Ziegler
VP Global MultiClient
PGS
United Kingdom
Aurelie CHARDON

CBA
United Kingdom
Olusegun Sodeinde
Dean of Engineering
Lagos State Polytechnic,Ikorodu
Nigeria
Peter Rattey
Director
PR Exploration Ltd
United Kingdom
julie colombet
Analyst
CBA
United Kingdom
Rajeev Madhavan
Oil & Gas Analyst
Lambert Energy Advisory Ltd
United Kingdom
Roland Barbullushi
Chairman
Prize Reserves Management Ltd
United Kingdom
Dewi ab Iorwerth
Business Development
CCS TLM
United Kingdom
Arun Rattan
Managing Director
Landhurst Personnel
United Kingdom
Nigel Quinton
Consultant
QX Energy Limited
United Kingdom
Wojtek Mausch
Senior Geophysicist
Centrica Energy E&P
United Kingdom
Rod Makin
Consultant
LK Exploration
United Kingdom
Josh King
Analyst
RAB Capital
United Kingdom
Heather Pratt
Geomarket Director Europe
CGG
United Kingdom
Peter Nicol
Advisory
Locin Energy
United Kingdom
Mark Redway
Fund Manager
RAB Capital
United Kingdom
Clare Baldock
Sales and Marketing Manager
CGG
United Kingdom
Charlie Whittaker

Lockton
United Kingdom
Robert Snashall
Consultant
RGSConsult
United Kingdom
Sean Waddingham
Data Library
CGGVeritas
United Kingdom
Camilla Roughan

Lockton
United Kingdom
Keith Myers
Partner
Richmond Energy
Lyndsey Smith
Deputy Energy Underwriter
Chaucer Syndicates
United Kingdom
Ludmilla Holmes

LSBU
United Kingdom
Breandan Murphy

RPS Energy
United Kingdom
Roger Doery
Consultant
Consultant
United Kingdom
Andrew Hayman

Lynx Information Systems
United Kingdom
Julia Weiss

Rystad Energy
Diwin Amarasinghe
Geophysical Specialist
Consultant
United Kingdom
Sachin Oza
Analnyst
M&G Investments
United Kingdom
Masood Ayoub
Commercial Director
Sarwarzad Energy Ltd
United Kingdom
Dan Kunkle
Director
Count Geophysics
United Kingdom
Antonello Renno

Management Consultant
United Kingdom
Sanjiv Venkatasamy
Commercial Manager New Ventures
Sasol Upstream OIl & Gas
United Kingdom
Charlotte Elliott
Analyst
Credit Suisse
United Kingdom
David Dugdale
Analyst
Manulife Asset Management
United Kingdom
David Webber
Seismic Operations Supervisor
Sceptre Oil & Gas
United Kingdom
Jonathan Tarris
North Africa Analyst
Deloitte Petroleum Services
United Kingdom
Ian Picton

marsh
Tom Martin
Director
Shikra Consulting
United Kingdom
Paul Tollefson
Marketing Manager, Multi-Client & Processing
Dolphin Geophysical
United Kingdom
Lianne Portman
Account Handler
Miller
United Kingdom
Paul Maton
Director
Sillimanite Consultants
United Kingdom
Ed Tree
Geophysical Consultant
Ed Tree Consulting
United Kingdom
Olly Fenwicke-Clennell
Insurance Broker
Miller Insurance Services LLP
United Kingdom
Andrew Meaden

SNR Denton
Michael Simpson
Oil and Gas Researcher
Elk Investments
United Kingdom
Benjamin de Poumeyrol
Managing Consultant
Molten
United Kingdom
Irini Katsiani
Manager, Business Development
Statoil
United Kingdom
Justin Morrison
NV Manager
Energia Iberica
United Kingdom
Aaditya Chintalapati
Associate
Morgan Stanley
United Kingdom
sissel dyrhaug
Principal Analyst
Statoil ASA
United Kingdom
Nnamdi Anyadike
London office
Energy Correspondent
United Kingdom
Ed Evans
MD
NDB Ltd
United Kingdom
Damian Dowling
Business Development Manager, Imaging
TGS
United Kingdom
Lara Oliveira
Analyst
Energy Intelligence Group
United Kingdom
Gareth Williams
Geoscientist
Neftex
United Kingdom
Chris Anderson
Sales Director
TGS
United Kingdom
Charles Czajkowski
Senior Business Development Manager
EPI Ltd
United Kingdom
JAMES ETIENNE
Head of Earth Model Modules
Neftex
United Kingdom
Stephen Nicola
Upstream Sector Analyst
The EIC
United Kingdom
Adam Marmaras
Event Organiser
Finding Petroleum
United Kingdom
David Bamford
Director
New Eyes Exploration Ltd
UK
Brian McBeth
Managing Partner
The Oxford Consultancy Group
United Kingdom
John Finder
Sales Manager
Finding Petroleum / Digital Energy Journal
United Kingdom
Ed Reed
Senior Editor
NewsBase
United Kingdom
Geoff Lawrence
Director
The REally Easy Imaging Company Limited (TREICoL)
United Kingdom
Mike Carr
Business Development Manager
Fugro Seismic Imaging
Geoff Reed
consultant
Nexgas
United Kingdom
George Reed
Director
Thorold Dewling Oil and Gas Recruitment
United Kingdom
Terry Quinn
Head of Marketing - EAME
Geokinetics Processing Inc.
United Kingdom
Ramesh Shukla
Shareholder of exploration companies
None
United Kingdom
Alastair Bee

Westwood Global Energy
United Kingdom
elwyn jones
Director
GeoPartners
United Kingdom
Stuart Fordyce
Geologist
Novas Consulting
United Kingdom
Deirdre ODonnell
Managing Director
Working Smart
United Kingdom
Richard Swarbrick
Managing Director
GeoPressure Technology Ltd
UK
Helen Turnell
Principal Consultant
NR Global Consulting Ltd
United Kingdom
Steve Esau
Analyst
Xynteo
United Kingdom
Enzo Zappaterra
Director
GES - Global Exploration Services
United Kingdom
Keith Nunn
Managing Director
Nunngeo Consulting Ltd
United Kingdom