Finding Oil in Central & South America

....needs to be on our radars! 0

Tuesday, October 17, 2017, London, The Geological Society


Download our report from this event


Central and South America covers a wide variety of petroleum provinces, from Mexico – rapidly opening up its offshore – to Brazil – with a superb set of established offshore basins – then inland to Argentina, Ecuador, Peru and Colombia…..and of course not forgetting the North Falkland Basin(NFB).

Some UK companies are already engaged there, for example Sierra and Premier are involved in the first foreign-operated well offshore Mexico for decades, BP and Premier are exploring offshore Brazil, and Rockhopper and Premier (again!) have explored and possibly may soon develop in the NFB.

The reality is though that UK companies ‘could do better’ in this region which has been somewhat off the radar compared with say Africa.

In this Forum, for each country, we should consider National Politics/Security; Petroleum Geology (especially new insights); new data; opportunities; and which companies are best place to deliver, onshore or offshore oil production or regional energy supply; in particular where are the opportunities for UK companies?

Note: This event continues from our past well-received Mexico events held in

October 2016 - see the agenda - see the delegates list

September 2015 - see the agenda - see the delegates list

Download the report from our Oct 2016 Mexico conference

Agenda

9:30

Richard Herbert - - R Herbert Associates Ltd

Chairman's welcome & Introduction


Richard Herbert is a former COO, Exploration with BP, retiring from that position in 2016. Before that he was Executive Vice-President Exploration with TNK-BP (since 2003). He was initially with BP.

R Herbert Associates Ltd
9:50

Read Taylor - Group CEO - Bear Energy LLC

New global big oil province - Mexico’s Offshore Sureste Basin. A view from a private equity startup

Talk Description.


Read B. Taylor, is now the CEO and President of Bear Energy LLC. Bear is a Private Equity backed company focused on offshore producing assets in Brasil.

Read is also Global Exploration Strategy-Advisor to Executive Management Board at Wintershall Dea

Previously Read was Upstream Executive Director and Board Member of Sierra Oil and Gas Mexico. Sierra created a preeminent position in the high potential offshore Sureste Basin having over 2.3MM acres. Sierra in 2017, drilled its first exploration well with the successful, multiple award winning Giant Zama Field discovery with over 1.7 bn bls OOIP. Sierra recently was sold to L1 Wintershall DEA. Zama was the Discovery of Year 2017. The Sale was the Deal of the Year 2018.

Previously Read was Senior EVP and Board Member of a Private Brazilian Energy, Mining and Renewables Group. Prior to that he served as General Manager of Devon Energy Brazil Ltd. Mr.Taylor has worked for energy industry notables UNOCAL and Anadarko in various international field locations in technical and commercial management positions. His background includes Business development, M&A, geophysics-geology, operations and development, gas marketing, and legal negotiations. He has successful experience in over 26 countries including Myanmar, Indonesia, Thailand, China, Brazil, Egypt, Central and East Africa.

Mr. Taylor is Chairman and founder of RICE International Relief a non-profit humanitarian organization dedicated to providing medicines and water purification to those in need around the world. RICE has been involved in global relief projects in Thailand,Myanmar,Kenya, Israel, Haiti, Philippines etc. RICE provides support to medical clinics and homeless shelters in USA including a facility in Corona Ca. with several partnering organizations.

Mr. Taylor has a B.Sc. in International Business from Pepperdine University, a B.Sc. in Geophysics and M.Sc. (Masters) degree in Geology from University of Southern California, USC. Mr. Taylor also hold a Diploma from Harvard Business School in Executive Management 2011.

Bear Energy LLC
Bear is a Private Equity backed company focused on offshore producing assets in Brasil.
10:25

Tim Davies - Group Exploration Asset Manager - Premier Oil

Are deepwater plays still attractive? – Ceara Basin Brazil a case study

Talk Description.
The key to deepwater sweet spots are exceptional reservoirs at unexceptional depths – does the Cretaceous drift sequence in the Ceara basin present us with opportunities to test this hypothesis?

The advantage of the Ceara Basin on the brazil transform margin is that the play risk has been removed by the Pecem discovery derisking the petroleum system and discovery of good oil in the Cretaceous turbidite channel system tested by the 1-CES-160 well ‘Broken Canoe Well’.

The conjugate margin to the Ghana discoveries and lessons learnt from those discovers has influence the interpretation of the leads and prospects in the Ceara Basin. The attraction of having these deepwater opportunities in a portfolio is the scale of the opportunities available.

In the current market with depressed rig and service costs there is an opportunity for creative development solutions to add value to licences secured at a high oil price.

Currently Group Exploration Manager with Premier Oil responsible for Mexico, Brazil, Falklands, UK and New Ventures.
20 years in the industry with Conoco, Hess and Premier Oil.

PhD in turbidity current processes and high resolution sequence stratigraphy from Cardiff University – tad out of date now!

BSc Aberystwyth University when they used to do geology and look at the magnificent turbidite exposures on the beach in front of the college.

JV partners with Talos and Sierra in the recent Zama discovery in Mexico….


Premier Oil
Premier Oil plc is a leading independent oil and gas company with producing interests in the UK, Indonesia, Pakistan and Mauritania.

Exploration and appraisal is ongoing in the UK, South and South East Asia and Africa.
11:00 Coffee & Tea; Exhibits

11:30

Richard Nolan - CEO - Tridevi Capital

Managing the risks of investing in Latin America E&P

Talk Description.
- Latin America is a challenging environment for upstream investment,
- Obvious' risks can be managed, even by independents.
- Comparison and discussion of Argentina, Brazil and Colombia, historical and current perspective, political, contractual/fiscal, commercial and technical risk associated with finding and commercialising pertrolem.
- Type of project that fits Tridevi's investment criteria

Richard joined Tridevi Capital in 2016, having worked with Sid for three years on a mining asset investment. He is an experienced deal maker and E&P asset manager who has led transactions in Europe, Asia and Canada. He joined Tridevi Capital from Premier Gold Resources, where he was COO and then CEO. Previously, Richard worked as equity research specialist and deal maker for small / midsized E&P assets with investment funds and advisors like Daniel Stewart & Co, Newedge Group, ABN AMRO, Steubing AG and Comprendium Capital. He co-led a number of small / midsized public and private investments in E&P assets involving complex financial and legal structuring.

Richard holds a BA in English from University of Western Ontario and an MBA from Richard Ivey School of Business, University of Western Ontario

Tridevi Capital
Tridevi Capital is an independent private equity investment advisory firm with expertise and focus on the oil and gas sector. It was established in 2010 and is authorised and regulated by the Financial Conduct Authority in the UK.

We advise investors on sourcing and structuring investments in non-operating stakes in small / midsized E&P assets, located in global markets outside of North America, and managing them to commercial production and exit.

Our experienced investment team is well regarded in the sector and has established and extensive networks to access off market investment opportunities.
12:05

Karyna Rodriguez - VP Geosciences - TGS

Argentina Oil-Prone Coarse Clastic Systems Sourced from the Salado and Colorado Basins

Talk Description.
As exploration offshore Argentina enters a new exciting positive phase, we use Spectrum data from South Africa and from adjacent basins in Uruguay, as well as newly acquired lines from the Argentine Basin, to answer some of the most critical questions regarding future exploration in the Argentina Basin. Will there be any source rock? If present, what will be its distribution and will it be generating gas or oil? What reservoirs do we expect to find? What trapping mechanisms do we expect?
Petroleum geoscientist with 25 years of multidisciplinary experience in global offshore and onshore exploration inclined projects. She worked in companies like BG and PEMEX gaining diverse experience from regional play and prospect generation and evaluation, to working closely with high level management on their portfolio strategies.

TGS
TGS is the world's largest geoscience data company, known for its asset-light, multi-client business model and global data library. Our primary business is to provide geoscience data to energy companies worldwide. We offer extensive global libraries that include seismic data, magnetic and gravity data, multibeam and coring data, digital well logs and production data. Additionally, the company offers advanced processing and imaging services, interpretation products and data integration solutions.
12:25

Jennifer Bates - Latin America analyst - Protection Group International

Above Ground Risks in Central & South America

Talk Description.
PGI will provide an overview of key regulatory, political and security risk facings investors in the region

Jennifer Bates is a Latin America analyst for PGI’s Geopolitical Intelligence team, where she focuses on economic, political and security risks in the Latin America region for clients in the extractives industries. In this role, her projects have included research on the security risks faced by IOCs in Mexico and barriers to investment in Cuba’s oil sector. Prior to joining PGI, she completed an MSc in International Relations. She is a fluent Spanish speaker.

Protection Group International
PGI is a privately owned UK business offering integrated, intelligence-led risk management solutions. PGI specialise globally in the secure protection of our clients' assets: human, physical, legal, intellectual property, financial and operational.
12:35

Ryan Turner - Lead Analyst with PGI's Geo-political Risk Team - Protection Group International




Ryan Turner is a Lead Analyst for PGI’s Geopolitical Intelligence team, with strong focus in the extractive industry and expertise in the Middle East. Ryan has expert knowledge of the global Oil & Gas Sector, as well as economic, political and security developments in the Middle East. He also has an understanding of the impact of political risk on the global energy market. Ryan has shared his views on security and energy market in numerous media appearances on BBC and CNBC and other networks.

Prior to joining PGI, Ryan was an Oil & Gas Analyst for a company which for the past 30 years, has had forecasts, data and analysis used by multinationals, governments and financial institutions to guide critical decisions. In this role, he worked daily with a team of country risk and sector focused analysts to provide insight and analysis in the global oil and gas market, with a regional remit focused on the Middle East and Sub-Saharan Africa.

Protection Group International
PGI is a privately owned UK business offering integrated, intelligence-led risk management solutions. PGI specialise globally in the secure protection of our clients' assets: human, physical, legal, intellectual property, financial and operational.
12:45 Lunch & Exhibits: Close

Sponsors of this event

Protection Group International
PGI is a privately owned UK business offering integrated, intelligence-led risk management solutions. PGI specialise globally in the secure protection of our clients' assets: human, physical, legal, intellectual property, financial and operational.

Registered Delegates

Geoffrey Boyd
Field Development Consultant
Antium FRONTFIELD
United Kingdom
Rebecca Head
Geoscientist
Halliburton (Landmark)
Iain Brown

PGS
United Kingdom
Julian Moore
Technical Director
APT UK
United Kingdom
Don Jameson
Director
Hedera Consulting Limited
United Kingdom
Craig Koch
Project Geoscientist
PGS Reservoir
United Kingdom
David Craik
Consultant
Atlaslocal
United Kingdom
Norman Hempstead
Director
Hempstead Geophysical Svcs
United Kingdom
Frederic Yeterian
Director
Philax International (UK) Ltd
United Kingdom
Antone Cerrotta
Sales & Commercial Coordinator
Bibby Maritime Limited
United Kingdom
William Slade

Ikon Science
United Kingdom
Tim Davies
Global Portfolio & NV Manager
Premier Oil
United Kingdom
David Sendra
Associate Consultant
BlackRockQI
United Kingdom
Abbey Hunt
Geoscientist
Impact Oil and Gas
United Kingdom
Daniel Buckingham
INTERNATIONAL FINANCE BROKER.
Pronto Business Funding
United Kingdom
Bryn Austin
Director & Geological/Geophysical Consultant
Brynterpretation Ltd
United Kingdom
Neil Simons
Consultant
Independent
United Kingdom
Colin More

Prospect Geoscience
United Kingdom
Robert FE Jones
Director
Caithness Petroleum
United Kingdom
Manouchehr Takin

Independent consultant
United Kingdom
Jennifer Bates
Senior Analyst
Protection Group International
Chris Matchette-Downes
MD & Owner
CaribX and MDOIL Limited
United Kingdom
Mike Hibbert
Independent consultant
Independent consultant
United Kingdom
Richard Herbert

R Herbert Associates Ltd
Andrew Webb
Manager, Petroleum Reservoir and Economics
CGG
United Kingdom
Phil Penfold
Partner & Global Director BD
io oil & gas consulting
Josh King
Analyst
RAB Capital
United Kingdom
Roger Doery
Consultant
Consultant
United Kingdom
John Griffith
Upstream Advisor
JJG Consulting International Ltd
United Kingdom
Patrick Taylor
Director
RISC (UK) Limited
United Kingdom
Colin Clarke
Geophysicist
Consulting Geoscience
United Kingdom
Yoanna Siciliano
Senior Reservoir Engineer
Lloyds's Register
United Kingdom
Brian Hepp
President
Rocky Mountain Limited
United Kingdom
Richard Walker
Consultant Geophysicist
Cornhill Economics Ltd
United Kingdom
Rolmys Espinoza
Senior RE
LR Senergy
United Kingdom
James Hodson
Senior Sedimentologist
RPS Energy
United Kingdom
Dan Kunkle
Director
Count Geophysics
United Kingdom
Richard Bootle

Lukoil
United Kingdom
David Webber
Seismic Operations Supervisor
Sceptre Oil & Gas
United Kingdom
Marco Bartholdy
Analyst
Critical Resource
United Kingdom
Artem Kotenev

Lukoil Overseas UK Ltd
United Kingdom
David Jackson
Principal Geologist
Shearwater Geoservices
United Kingdom
Lucia Graham-Wood
Analyst
Critical Resource
United Kingdom
Lauren Mayhew
Geoscientist
Lyme Bay Consulting
United Kingdom
Read Taylor
EPV
Sierra Oil & Gas
Robert Ward
Advisor
Decision Frameworks
United Kingdom
Duncan Macgregor
Consultant Geologist
MacGeology
United Kingdom
Laura Lawton
Principal Geoscientist
SLR
United Kingdom
Darren Jones
Data Analyst/Cartographer
DrillingInfo
United Kingdom
David Lawton
Senior Partner
Milnwood Partnership
United Kingdom
Hannah Aylwin
Geoscientist
SLR Consulting
United Kingdom
Mark Lonergan
Senior Business Development Manager
EPI Group
United Kingdom
Hussain Kubba

Norton Rose Fulbright LLP
United Kingdom
Nigel Flood
Multiclient Sales Manager
Spectrum Geo Ltd
United Kingdom
Avinga Pallangyo
Conference Manager
Finding Petroleum
Mike King
Oil & Gas Manager
NPA Satellite Mapping
United Kingdom
Phil Houston
Founder / CEO
TalEng
United Kingdom
Karl Jeffery
Editor
Finding Petroleum
United Kingdom
James Thadchanamoorthy
CFO
NRL
Karyna Rodriguez
Director of Geoscience
TGS
United Kingdom
Jerome Foreman
Principle Geoscientist
Foreman Consultants
United Kingdom
Dave Waters
Director and Geoscience Consultant
Paetoro Consulting UK Ltd
United Kingdom
Richard Nolan
CEO
Tridevi Capital
Dominic Lewenz
Managing Director
Frontier Advisory
United Kingdom
Robert Parker
Consultant
Parker
United Kingdom
Pierrick Rouillard
Geoscientist
Westwod Global Energy Group
Bryan Moseley
Geologist
Geologist
United Kingdom
Greg Coleman
CEO
Petromall
United Kingdom
Alastair Bee

Westwood Global Energy
United Kingdom
Alexander Chalke
Partner
Grosvenor Clive & Stokes
United Kingdom
Ryan Turner
POLITICAL RISK ANALYST
PGI
United Kingdom