Finding Oil in Mexico and the Caribbean

What are the opportunities for exploration and production in Mexico, Jamaica, the Caribbean? 0

Friday, October 21, 2016, London, The Geological Society


Download our report from this event

The Gulf of Mexico/Caribbean is a fascinating petroleum province, surrounded on 3 sides by the US Gulf of Mexico, and Mexico’s and Venezuela’s mainly onshore riches.

And then in what we could call the outer island chain, Trinidad has a long history – from the early part of the 20th Century – of onshore oil exploration and production and major offshore gas production, Barbados has minor oil production onshore (~1000boepd if I remember rightly), and Jamaica and Cuba have ambitions to get exploration under way.

So a big area to contemplate with many petroleum systems.

Do we understand this complexity and is it possible to predict that are remaining unexplored, potentially prolific, plays and if so where are they?

Is there a regional theme or are these simply a set of unconnected country-based petroleum provinces sitting aroud one large basin?

This event continues from our past Mexico event held in

September 2015
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view the delegates list


Agenda

9:30

David Bamford - Director - PetroMall Ltd

Chairman's introduction and overview


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 joined the board of Premier Oil in May 2014.

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.

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.
9:35

Read Taylor - Group CEO - Bear Energy LLC

Price Discovery and access in emerging oil and gas basins: The case of Mexico and Latin-America


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.
10:10

Tom Bacon - Intelligence Director - Protection Group International

Mexico: An overview of the investment and operating climate.

Talk Description.
Tom will analyse the key political, security and regulatory challenges of investing in the Mexican onshore and offshore markets. The presentation will assess the progress of Mexico's licensing rounds to date and the key ongoing investment considerations or companies in country. It will detail local political dynamics in Mexico and assess the security picture affecting foreign companies, with a particular focus on oil and gas operations.

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.
10:45

Karyna Rodriguez - Director of Geoscience - Spectrum

Chasing the Norphlet Play Fairway in the Deep Water Campeche Basin Offshore Mexico

Talk Description.


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. In her current role she manages Spectrum’s Geology, Geophysics and GIS technology team, working on projects on a global scale and enhancing the data library by providing technical geoscientific rational and justification.

Spectrum
Spectrum is established as a key player in the seismic services market. The company focuses on delivering high-quality Multi-Client seismic data and holds the world's largest 2D offshore library.

Spectrum is among the seismic industry's fastest growing companies. The Spectrum group provides innovative Multi-Client seismic surveys and high quality Seismic Imaging services to the global oil and gas industry from offices in the USA, Norway, UK, Brazil, Australia, Indonesia and Singapore.
11:20 Coffee & Tea; Exhibits

11:40

Neil Ritson - CEO - LGO Energy

Trinidad


Mr Ritson holds a Bachelor degree in Geophysics. He has worked in the energy sector for over 35 years’, initially with BP plc, where he held the roles of International Chief Geophysicist, Head of Geoscience Research and Business Unit Leader for both Norway and Alaska Exploration.

Subsequently Mr Ritson managed the international operations of Burlington Resources Inc. and more recently he was CEO at Regal Petroleum plc before founding the Vanguard Energy Group where he was Chairman and CEO.

Mr Ritson is the Chairman of Solo Oil plc, the Managing Director of NR Global Consulting Limited and a Director of Marylebone Consulting Limited. He is also a Non-Executive Director of Enovation Resources Limited, a Bermudan registered private company active in the UK North Sea.

LGO Energy
LGO Energy's operations comprise of four main Trinidad assets; the Goudron Field, the Icacos Field, the Cedros Peninsular leases, and Beach Oilfield Limited (BOLT) leases which include the Bonasse Field.

The Goudron Field (LGO 100%) lies between the East Moruga and Beach-Marcelle fields in south-eastern Trinidad and has direct access to the Petrotrin oil export pipeline to the Pointe-a-Pierre refinery in western Trinidad. The field was originally discovered by Trinidad Leaseholders Limited in 1927 and was largely developed by Texaco between 1956 and 1986, when ownership passed to Petrotrin and its predecessors. A field reactivation contract, Incremental Production Service Contract (IPSC), was signed in late 2009 and the contract acquired by LGO in October 2012. Since then LGO has reactivated over 70 wells and drilled 15 new deep production wells and is gearing up for an infill program of up to 70 new shallow wells and a waterflood EOR of the deeper reservoir. LGO's recent drilling has increased the oil in place estimate substantially and now stands at close to 1 billion barrels.

The Icacos Oilfield (LGO 50%, Touchstone 50%) lies on the SW Peninsular (SWP) of Trinidad and is surrounded by a number of LGO's 100% owned petroleum leases. The BOLT leases also lie within Trinidad's south-west peninsular and taken together LGO has a dominate land position in a major underexploited part of the East Venezuelan oil belt. LGO has recently acquired a country-wide FTG gravity survey as well as 3D seismic and soil geochemistry data in the SWP and has defined significant undrilled prospectivity.
12:15

Chris Corona - Director of Latin America - TGS

Caribbean "Gigante" multi-client seismic


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.
12:50

Multiple - - Panel Discussion

Is there a Regional aspect or is this just a collection of countries?

Talk Description.
Speakers:
David Bamford (Petromall)
Chris Matchette-Downes (CEO Caribex and MDOil)
Neil Ritson (CEO LGO Energy)

Used for panel discussions

Panel Discussion
This is part of our agenda where Finding Petroleum has a panel discussion.
13:20 Raffle Prize: Lunch & Exhibits

Sponsors of this event

LGO Energy
LGO Energy's operations comprise of four main Trinidad assets; the Goudron Field, the Icacos Field, the Cedros Peninsular leases, and Beach Oilfield Limited (BOLT) leases which include the Bonasse Field.

The Goudron Field (LGO 100%) lies between the East Moruga and Beach-Marcelle fields in south-eastern Trinidad and has direct access to the Petrotrin oil export pipeline to the Pointe-a-Pierre refinery in western Trinidad. The field was originally discovered by Trinidad Leaseholders Limited in 1927 and was largely developed by Texaco between 1956 and 1986, when ownership passed to Petrotrin and its predecessors. A field reactivation contract, Incremental Production Service Contract (IPSC), was signed in late 2009 and the contract acquired by LGO in October 2012. Since then LGO has reactivated over 70 wells and drilled 15 new deep production wells and is gearing up for an infill program of up to 70 new shallow wells and a waterflood EOR of the deeper reservoir. LGO's recent drilling has increased the oil in place estimate substantially and now stands at close to 1 billion barrels.

The Icacos Oilfield (LGO 50%, Touchstone 50%) lies on the SW Peninsular (SWP) of Trinidad and is surrounded by a number of LGO's 100% owned petroleum leases. The BOLT leases also lie within Trinidad's south-west peninsular and taken together LGO has a dominate land position in a major underexploited part of the East Venezuelan oil belt. LGO has recently acquired a country-wide FTG gravity survey as well as 3D seismic and soil geochemistry data in the SWP and has defined significant undrilled prospectivity.

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.

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.

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.

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

Helena Zapata
Geoscientist

United Kingdom
Richard McIntyre
Sales Manager
Finding Petroleum
Peter Dolan
advisor to the board of directors
ophir energy plc
United Kingdom
Paul Murphy
Key Account Manager, Oil and Gas Division
Airbus Defence and Space
United Kingdom
Alexandra McKenzie
artist
Finding Petroleum
David Bamford

Petromall Ltd
Geoffrey Boyd
Field Development Consultant
Antium FRONTFIELD
United Kingdom
Avinga Pallangyo
Conference Manager
Finding Petroleum
Henry Dodwell
Consultant
PetroVannin
United Kingdom
David Craik
Consultant
Atlaslocal
United Kingdom
Tom Whittington
Associate
FirstEnergy Capital
United Kingdom
Ryan Turner
POLITICAL RISK ANALYST
PGI
United Kingdom
Christian Richards
Sales Manager
AustinBridgeporth
United Kingdom
Jerome Foreman
Principle Geoscientist
Foreman Consultants
United Kingdom
Joshua May
New Ventures - Africa
PGS
United Kingdom
Alan Edwards

Beagle Geoscience Limited
United Kingdom
Jim House
Director
GeoSeis Ltd
United Kingdom
Denis Potapov
SCRM Manager
PGS
United Kingdom
Robert FE Jones
Director
Caithness Petroleum
United Kingdom
Anna Brookfield
Geoscientist
Halliburton (Landmark)
Jamie Knibbs
Economics Advisor / Senior Geologist
Premier Oil
Rory Scott-Russell
Director
CaribX
United Kingdom
Rebecca Head
Geoscientist
Halliburton (Landmark)
Jennifer Bates
Senior Analyst
Protection Group International
Chris Matchette-Downes
MD & Owner
CaribX and MDOIL Limited
United Kingdom
William Slade

Ikon Science
United Kingdom
Charles Brown
Business Development Director
Protection Group International
Antonio Gian Luca Palombo
Petroleum Geologist
CGG
Siebe Breed
Exploration Geologist
independent
United Kingdom
Tom Bacon
Geopolitical Director
Protection Group International
James Andrew
Busines Development Mgr EAME
CGG
United Kingdom
John Griffith
Upstream Advisor
JJG Consulting International Ltd
United Kingdom
Josh King
Analyst
RAB Capital
United Kingdom
Andrew Webb
Manager, Petroleum Reservoir and Economics
CGG
United Kingdom
Christian Bukovics
Independent Director
JKX Oil&Gas Plc
United Kingdom
Robert Stevens

Richmond Energy Partners
United Kingdom
John Glass
Consultant Geologist
Cloverfield Consulting Ltd
United Kingdom
Tue Larsen
Senior Exploration Geophysicist
JX Nippon Exploration and Production (U.K.) Limited
United Kingdom
John Ege
Geophysicist
Scandinacian Geo Services
Dan Kunkle
Director
Count Geophysics
United Kingdom
Jonathan Brown
geophysicist
KUFPEC
United Kingdom
David Webber
Seismic Operations Supervisor
Sceptre Oil & Gas
United Kingdom
Martine Davis
European Sales Manager
DI International
United Kingdom
James Thadchanamoorthy
Financial director
LGO Energy
Read Taylor
EPV
Sierra Oil & Gas
Stephen Norman
Business Development Manager
DNV GL
United Kingdom
Fergus Jenkins
COO
LGO Energy
Neil Ritson
Chairman
Solo Oil
United Kingdom
Darren Jones
Data Analyst/Cartographer
DrillingInfo
United Kingdom
Colin Clarke
Team Lead-Geophysicist
LR Senergy
Karyna Rodriguez
Director of Geoscience
Spectrum
United Kingdom
Donald Campbell
E&P Analyst
DrillingInfo
United Kingdom
Mathew Steward
senior geophysicist
LR Senergy
Gareth Morris
Account Manager
Spectrum
United Kingdom
Faye Glover
Data Analyst
Drillinginfo
United Kingdom
David Peel
Technical Director
Lukoil
United Kingdom
Ian Setterfield
VP Sales
Spectrum Geo
United Kingdom
Ian Blakeley
Global Oil & Gas Analyst, Account Development Manager EAME
Drillinginfo
United Kingdom
Kai Gruschwitz
Senior Geophysical Advisor
Lukoil
United Kingdom
Nigel Flood
Multiclient Sales Manager
Spectrum Geo Ltd
United Kingdom
shereen nairne

ENGIE E&P UK
Richard Bootle

Lukoil
United Kingdom
Ed Shires
senior consultant
Strategic Fit
Dario Chisari
Explorationist - Mexican GoM
Eni
United Kingdom
Brian McCleery
Director
M2C Energy Advisers
United Kingdom
Vibhusha Raj Sharma

StrategicFit
United Kingdom
Julian Kennedy

Entrada Oil & Gas Limited
Joseph Woodward

MSc Petroleum Engineering Graduate
United Kingdom
Anne-Mette Cheese
Exploration Geologist
Svenska Petroleum AB
United Kingdom
Martin Riddle
Technical Manager
Envoi
United Kingdom
Mike King
Oil & Gas Manager
NPA Satellite Mapping
United Kingdom
Jon Ford
Consultant
Tedstone Oil & Gas
United Kingdom
Murray Johnson
geologist
Europa Oil & Gas
United Kingdom
Mike Hohbein
Team Lead, GNV
Ophir
Chris Corona
Director of Latin America
TGS
Karl Jeffery
Editor
Finding Petroleum
United Kingdom
Stephen Wood
Geologist
Ophir Energy
James Dodson
Account Manager
TGS
United Kingdom