Finding & Exploiting new petroleum resources in Europe

The next phase of Exploration and Exploitation in Europe 0

Thursday, March 10, 2016, London, The Geological Society



Download our report from this event

Wherever there is a prolific source rock, 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’.

The North American industry has been leading this charge, notably on ‘tight gas’ and shale oil/gas of course.

Some questions follow:

  1. Where are the world-class source rocks that will deliver new resources in – or close to – Europe?
  2. Is there an extensive fractured ‘basement’ province West of the Shetlands or is the main recent discovery (Lancaster) of this type a one-off?
  3. ‘Heavy’ oil is abundant in the North Sea. What do we have to do to get it ‘moving’?
  4. What needs to happen to move the many smaller discoveries in the North Sea from uneconomic or ‘marginal’ to developable?
  5. What needs to change so that we can explore for and exploit ‘shale oil or gas’ resources in Europe, instead of just talking about it?

This event will attempt to answer these questions, and others, to indeed bring deeper knowledge, to perceive the wider opportunities.

Please get in touch with me if you have something to say!

David Bamford

Please contact Richard McIntyre if you would like to sponsor or exhibit.

Note: This event continues from our past 'European Resources' event held in

March 2015 - see the agenda - see the delegates list

Agenda

9:30

Neil McMahon - Managing Partner - Kimmeridge Energy

Chairman's introduction and overview


Dr. McMahon is Managing Partner of Kimmeridge Energy

He was formerly Director of Research at Kimmeridge Energy and is responsible for private investments, particularly outside the US, and for developing Kimmeridge’s geological research and screening capabilities. Prior to this role, Dr. McMahon was a Senior Equity Research Analyst for the Global Integrated Oils at Sanford C. Bernstein, where he was ranked 1st in the 2009 Institutional Investor Survey, for the third time. Dr. McMahon covered 18 of the largest integrated oils and refiners. He joined Sanford C. Bernstein in 2002.

Before joining Sanford C. Bernstein, Dr. McMahon was an Engagement Manager at McKinsey, based in both Houston and London, where he had been since 1999. At McKinsey he mainly advised petroleum and electric power and natural gas clients and undertook proprietary research within McKinsey’s industry practices. Prior to McKinsey, Dr. McMahon worked in the oil industry as a geoscientist with British Petroleum (BP) and British Gas (BG) before moving into consulting with Arthur D. Little where he became a manager in its Global Energy Practice.

Dr. McMahon received an honors degree from The University of Edinburgh in Geology and Geophysics where he later undertook further research to complete a BP sponsored Ph.D. in 1995. Dr. McMahon has also published a number of technical and management-oriented papers in leading oil and gas industry journals, and currently sits on the board of Durham University’s energy research group.

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.
9:40

Emily Rees - Geoscientist - Landmark Exploration Insights

Carboniferous Basin Fill and Systems Tract Evolution: A Model for Source Rock Development

Talk Description.
The Carboniferous basins of the UK initially developed in an extensional setting, and include a wide range of depositional environments. They go through a distinct evolutionary pattern, from isolated shallow marine basins with carbonate platforms, to deep water organic rich depocentres, to over- and under-filled clastic margins with prograding deltas, and finally to coal-rich swamp environments. Each extensional basin within the UK onshore has its own distinct characteristics with regards to how the basin filled, and the nature of this basin fill has implications for the development of source rock across the UK, and hence the prospectivity of Carboniferous extensional systems in the onshore.
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.
10:15

Dr Robert Trice - CEO - Hurricane Energy

The fractured basement play West of the Shetlands


As Hurricane’s founder, Robert has over 25 years’ oil industry experience. He has combined specialist technical expertise in fractured reservoirs’ characterisation and evaluation. He has a PhD in Geology from Birkbeck College, University of London and gained the bulk of his geoscience experience with Enterprise Oil and Shell. He has worked in field development, exploration, well-site operations and geological consultancy. Robert has held the position of Visiting Professor at Trondheim University (Norway) and has published and presented on subjects related to fractured reservoirs and exploration for stratigraphic traps.

It is Robert’s vision that lies behind Hurricane, providing clear strategic direction as the company develops and he takes the lead in all aspects of the scientific and technical heart of the company.

Hurricane Energy
Hurricane is a new generation of oil company that exists to discover, appraise and develop oil from fractured basement reservoirs.

We have an experienced team of experts in basement reservoirs. Between us, we have spent decades in the oil industry. Hurricane has discovered more oil in the UK in the past ten years than any other company.

We can do this because we look at things differently to other oil companies. We are innovative, pioneering and creative. Technically led and driven, we use our niche expertise to find oil where others have looked but not seen. We exploit discoveries and we help to realise the value of those discoveries.

We are a company with a small team of staff, operating to the highest corporate standards but with a minimum of bureaucracy.
10:50

Steve Brown - CEO - The Steam Oil Production Company Ltd

North Sea Heavy Oil:: Steam Flooding – Twice the oil in half the time

Talk Description.


Steve Brown is a founder and the CEO of The Steam Oil Production Company Ltd. He is a petroleum engineer with over thirty years of experience. He has a degree in Chemical Engineering from Peterhouse, Cambridge and started his career as a petrophysicist with BP. At BP he worked on Forties Bravo and the development of Harding and Andrew as well as in BP's corporate planning department. He has also worked for Halliburton and Petrofac as well as founding Challenge Energy, Exile Resources and Setanta Energy.

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.
11:25 Coffee break

11:45

Neil McMahon - Managing Partner - Kimmeridge Energy

Kimmeridge Clay and Posidonia Shale


Dr. McMahon is Managing Partner of Kimmeridge Energy

He was formerly Director of Research at Kimmeridge Energy and is responsible for private investments, particularly outside the US, and for developing Kimmeridge’s geological research and screening capabilities. Prior to this role, Dr. McMahon was a Senior Equity Research Analyst for the Global Integrated Oils at Sanford C. Bernstein, where he was ranked 1st in the 2009 Institutional Investor Survey, for the third time. Dr. McMahon covered 18 of the largest integrated oils and refiners. He joined Sanford C. Bernstein in 2002.

Before joining Sanford C. Bernstein, Dr. McMahon was an Engagement Manager at McKinsey, based in both Houston and London, where he had been since 1999. At McKinsey he mainly advised petroleum and electric power and natural gas clients and undertook proprietary research within McKinsey’s industry practices. Prior to McKinsey, Dr. McMahon worked in the oil industry as a geoscientist with British Petroleum (BP) and British Gas (BG) before moving into consulting with Arthur D. Little where he became a manager in its Global Energy Practice.

Dr. McMahon received an honors degree from The University of Edinburgh in Geology and Geophysics where he later undertook further research to complete a BP sponsored Ph.D. in 1995. Dr. McMahon has also published a number of technical and management-oriented papers in leading oil and gas industry journals, and currently sits on the board of Durham University’s energy research group.

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.
12:45

Aleksei Gabnasyrov - Unconventionals - LUKOIL

Domanik Shale


LUKOIL
13:15 Raffle Prize, lunch

14:00 Close

Sponsors of this event

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.

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.

Hurricane Energy
Hurricane is a new generation of oil company that exists to discover, appraise and develop oil from fractured basement reservoirs.

We have an experienced team of experts in basement reservoirs. Between us, we have spent decades in the oil industry. Hurricane has discovered more oil in the UK in the past ten years than any other company.

We can do this because we look at things differently to other oil companies. We are innovative, pioneering and creative. Technically led and driven, we use our niche expertise to find oil where others have looked but not seen. We exploit discoveries and we help to realise the value of those discoveries.

We are a company with a small team of staff, operating to the highest corporate standards but with a minimum of bureaucracy.

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.

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

Pasha Morozov
VP Business Development
3esi-Enersight
Alastair Reid
Consultant
IHS
United Kingdom
Sergey Palenov
Sales
PGS
United Kingdom
Hugh Ebbutt
Director
A T Kearney
United Kingdom
Rhydian Williams
BD Manager EAME
Ikon Science
United Kingdom
Valeriy Karpov
Chief Geologist
PJSC “RITEK”
Tim Papworth
General Manager Armenia
AGAPE Armenia
United Kingdom
Neil Dyer

Independent
United Kingdom
Tim Davies
Global Portfolio & NV Manager
Premier Oil
United Kingdom
Duncan McSorland
Business Development Manager
Aker Solutions
United Kingdom
John Griffith
Upstream Advisor
JJG Consulting International Ltd
United Kingdom
Josh King
Analyst
RAB Capital
United Kingdom
Geoffrey Boyd
Field Development Consultant
Antium FRONTFIELD
United Kingdom
Christian Bukovics
Independent Director
JKX Oil&Gas Plc
United Kingdom
Robert Snashall
Consultant
RGSConsult
United Kingdom
Henry Lang
Partner Oil and Gas
Arcadis
Joe Staffurth
Director
JSI Services
United Kingdom
Andreas Exarheas
Assistant Editor
Rigzone
United Kingdom
Richard Hulf

Artemis Funds
Tue Larsen
Senior Exploration Geophysicist
JX Nippon Exploration and Production (U.K.) Limited
United Kingdom
Patrick Taylor
Director
RISC (UK) Limited
United Kingdom
Paul Mullarkey
Managing Director
Auriga Energy
United Kingdom
jonathan bedford
Director
JXT
United Kingdom
Norrie Stanley
Consultant
RPS Energy
United Kingdom
Simon Berkeley
Director
Berkeley Associates
United Kingdom
Neil McMahon
Director of Research
Kimmeridge Energy
Rob Naylor
Seismic Project Manager
RPS Ltd
United Kingdom
Andrew Webb
Manager, Petroleum Reservoir and Economics
CGG
United Kingdom
Mark Hornett
COO Europe
Kimmeridge Energy
David Webber
Seismic Operations Supervisor
Sceptre Oil & Gas
United Kingdom
Peter Farrington
Geophysicist
Consultant Geophysicist
United Kingdom
Amanda Turner
Commercial Director
Lir Resources
United Kingdom
Tim Jones
Director, Global Business Development
Schlumberger
United Kingdom
Andrey Panna
MD
Crestline Investors
Sergei Pokrovsky
Manager, Unconventional Resources
LUKOIL
David Jackson
Principal Geologist
Shearwater Geoservices
United Kingdom
David Trapp
Data Analyst
DrillingInfo
Aleksei Gabnasyrov
Oil and gas content team leader
LUKOIL
Simon Bradbury
Director
Simelis
United Kingdom
Martin Riddle
Technical Manager
Envoi
United Kingdom
Kai Gruschwitz
Senior Geophysical Advisor
Lukoil
United Kingdom
Glyn Roberts
Director
Spec Partners Ltd
United Kingdom
Richard McIntyre
Sales Manager
Finding Petroleum
Vladimir Plotnikov
head of department
LUKOIL-Engineering
Karyna Rodriguez
Director of Geoscience
Spectrum
United Kingdom
Karl Jeffery
Editor
Finding Petroleum
United Kingdom
Amrit Brar
Marketing and Sales Manager
Lynx Information Systems
United Kingdom
Daniel Barnes
Consultant
StrategicFit
United Kingdom
Alexandra McKenzie
artist
Finding Petroleum
Douglas Snell
Director
M,Carta Management Services Ltd
James Bull
Geologist
Taipan Resources
United Kingdom
Avinga Pallangyo
Events Manager
Finding Petroleum
Brian McCleery
Director
M2C Energy Advisers
United Kingdom
Daniel Plant
Business Director
Terrabotics
United Kingdom
Tom Whittington
Associate
FirstEnergy Capital
United Kingdom
Azzurra Cillari
Geologist
Middlesex University
United Kingdom
ROSEMARY JOHNSON SABINE
VP Exploration
TETHYS PETROLEUM
United Kingdom
Nick Norton
Senior Energy Advisor
Foreign Office
United Kingdom
Tara Lapsley
Assistant Underwriter
Navigators
United Kingdom
Andrew Scutter
Midstream Analyst
The EIC
United Kingdom
Aleksey Vashkevich
Exploration Director
Gazprom Neft
David Buddery
Consultant
Neoseismic Ltd
United Kingdom
Steve Brown
CEO
The Steam Oil Production Company Ltd
Nick Stronach
senior geoscientist
GCA
David Bamford
Director
New Eyes Exploration Ltd
UK
Greg Harding
Technical Director
The Steam Oil Production Company Ltd
Faouzi Khene

GXT
United Kingdom
Ramesh Shukla
Shareholder of exploration companies
None
United Kingdom
John Weston
Tecnical Director
Tridevi Energy & Resources
United Kingdom
Amy Taylor
Sr. Product Specialist
Halliburton
Jodie Cocker
Remote Sensing Geologist
NPA Satellite Mapping
United Kingdom
Steve Bottomley
Director
Upstream Consultants Limited
United Kingdom
Emily Rees
geophysicist
Halliburton
Toby Walker
Account Manager
OneSubsea
Alastair Bee

Westwood Global Energy
United Kingdom
Mike Simmons
Technology Fellow (Geosciences)
Halliburton/Neftex
United Kingdom
Paul Binns
Consultant
P E Binns
United Kingdom
John Wood
Geoscientist
Wood Geoscience Limited
United Kingdom
Wally Jakubowicz
Managing Director
Hampton Data Services
United Kingdom
Mark Enfield
Managing Director
P.D.F. Limited (An EPI group company)
United Kingdom
Deirdre ODonnell
Managing Director
Working Smart
United Kingdom
Hywel John

Haven Energy
United Kingdom
Robert Parker
Consultant
Parker
United Kingdom
Michael Simioni
Technical Director
WSS Energy Consulting Ltd
United Kingdom
Norman Hempstead
Director
Hempstead Geophysical Svcs
United Kingdom
Vincent Sheppard
Chief Geophysicist
petrofac
United Kingdom
Delete x
x
x
United Kingdom
Andrei Belopolsky
Exploration Manager New Ventures
Hess
United Kingdom
Greg Coleman
CEO
Petromall
United Kingdom
Andrew Zolnai
Owner
zolnai.ca
United Kingdom
Robert Trice
CEO
Hurricane Energy