Finding big oil fields in East Africa

..onshore, yes, but are there any offshore?! 0

Tuesday, April 9, 2013, London, The Geological Society

Huge amounts of gas have been discovered offshore East Africa, mainly in Mocambique, then Tanzania and this month in Kenya.

We will wait to see if and when this gas can be moved economically to market, given the plentiful amounts of gas being found globally and the potential for shale gas to be exported as LNG from the USA.

Imminent high value is more likely to result from the discovery of commercial volumes of oil offshore – but where?

Oil has been discovered onshore in the Albertine Graben of Uganda (and very recently in Kenya).

Large amounts of gas have been discovered offshore – in both Mocambique and Tanzania – but no oil as yet.

The gas volumes discovered in both Mocambique and Tanzania are significant and as a distant observer one’s immediate response is to think that they are both candidates for LNG schemes. However, this perspective ignores the focus both host governments will have on domestic issues such as creating a local market and providing employment in the relatively short term.

A combination of successes – for example shale gas onshore in the USA, conventional gas in the Eastern Mediterranean and on the NW Shelf of Australia – have led to there being a large number of global LNG opportunities, for gas to move to either Europe or SE Asia, which may mean that somewhat more costly East African LNG will have to wait its turn in the queue. Whilst the Majors may be content to ‘bank’ gas for the longer term, ready for the day the price rises and it is needed, as pointed out above this may not at all be in line with the hopes and expectations of the governments of Tanzania and Mocambique.

The attraction of offshore oil would be that the global price is probably going to remain high and that a discovery of a few hundred million barrels can be developed fairly rapidly with an FPSO and shuttle tankerage (indeed many tankers pass this way as they go around the Cape of Good Hope!).

So where might there be oil offshore?

Let’s see if this Forum can figure that out!

Agenda

9:00 Arrivals and Registration. Tea & Coffee

9:30

David Bamford - Director - Finding Petroleum

Welcome & Introduction (The realities of gas-on-gas, LNG-on-LNG competition)



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.
9:50

Anthony Franks OBE - Partner - Mars Omega LLP

East Africa - People, Power, Politics and impacts on Market Entry


Within Mars Omega LLP, Anthony is responsible for managing and controlling the extensive information networks, as well as directing and working with the analysis team to create reports for clients, and also works with Hamish MacDonald in the Liaison and Mediation service.

Mars Omega LLP
Mars Omega LLP is a discreet information collection and analysis agency, giving businesses, governments and NGOs unique access to high-quality intelligence improving their ability to make informed decisions on key issues.
10:25

Mike Rego - Independent Consultant - PetroMall Ltd

Understanding the source rock story


In 2008 Mike oversaw the Kiliwani North gas discovery for Aminex in Tanzania, followed in 2012 by the onshore Ntorya gas discovery in 2012, a Middle Cretaceous discovery estimated at the time to consist of approx. 1.2 Tcf GIIP.

In 2014 Mike resigned from his role as Exploration Director at Aminex and took on the role of Exploration Manager for PICO in Cairo, Egypt, however this only lasted some 3 1/2 months as Mike contracted a virus that led to heart failure – fortunately whilst back in the UK for Henley Regatta. Mike made a full recovery, just in time for the oil price to slide down to $20. As a result of poor timing of falling ill, Mike has since been working as an independent consultant with a primary focus on East Africa and North Korea, when not fighting to keep his ageing Land Rover on the road, and gazing out at the Sticklepath Fault from his study at home on Dartmoor in Devon.

Mike graduated from University College of Swansea, Wales, with a Geology degree and joined SSL - Seismograph Services (England) Limited - and was posted to Libya processing onshore seismic data prior to returning to the UK and working as a seismic interpreter on UKCS speculative seismic data.

In 1985 Mike joined BP as a geophysicist, initially in the Far East Regional Appraisal Group, prior to postings to San Francisco to work on the onshore San Joaquin Basin of California, and Cairo, Egypt, to work on the Gulf of Suez and the Western Desert, before returning to London at the end of 1989 to work on deepwater West Africa.

In 1991, Mike joined LASMO initially working on West Africa, but also sub-Saharan Africa including the Seychelles. Mike then joined the Russia group, focussed on new opportunities mainly in West Siberia, leaving in 1993 and working as an independent consultant on West Siberia and West Africa, until joining Phibro to work on the White Knights Joint Venture in West Siberia until 1998, at which point Mike joined Aminex initially in the Tatarstan and Komi semi-autonomous Republics of Russia. In late 2001, Mike persuaded Aminex management that East Africa offered low cost opportunities with little competition, yet potentially large rewards, resulting with Aminex entering Tanzania in 2002.

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.
11:00 Tea & coffee

11:25

Peter Evans - Group Head of Operations Geology - Tullow Oil

Tullow's East African Rift Basin campaign in Uganda and Kenya


Peter Evans has spent eight years working for Tullow Oil plc on UK Southern North Sea, Uganda and other African assets in a number of geological, evaluation and management roles and currently heads geological operations across Tullow’s assets.
Tullow Oil plc is one of the largest independent oil and gas exploration companies in Europe. The Group has operations in Africa, Europe, South Asia and South America. Tullow is headquartered in London and employs nearly 2000 people world-wide. Current production is ~90,000 barrels of oil equivalent per day (boepd). The company drills tens of exploration, appraisal and development wells annually, included multi-well campaigns in Ghana, Uganda and Kenya, with high exploration success rates.

Tullow Oil
Tullow Oil plc is one of the largest independent oil and gas exploration companies in Europe. The Group has operations in Africa, Europe, South Asia and South America. Tullow is headquartered in London and employs nearly 2000 people world-wide. Current production is ~90,000 barrels of oil equivalent per day (boepd). The company drills tens of exploration, appraisal and development wells annually, included multi-well campaigns in Ghana, Uganda and Kenya, with high exploration success rates.
12:00

Stephen Trueblood - Commercial Manager - ‘Sasol Exploration and Production International

Inhassoro: the southernmost oil field in the East African Rift system?


Stephen is a Commercial Manager at Sasol Petroleum International responsible for Southern Africa. In a previous life he was an exploration geologist for Murphy, Hamilton Brothers and BHP and retains a keen interest in the petroleum geology side of the business.

‘Sasol Exploration and Production International
Sasol Exploration and Production International (SEPI) develops and manages the group's upstream interests in oil and gas exploration and production in Mozambique, South Africa, Canada, Gabon and Australia.

SEPI is driving the development of Sasol's upstream business to allow the group to meet its strategic objective of accelerating the growth of its proprietary gas-to-liquid (GTL) technology. In recent years we have taken a number of steps to expand our global upstream portfolio, encouraged by the global abundance of natural gas and the rapid development of the shale gas industry, as well as the lower carbon intensity of natural gas. We are investing in ventures ranging from onshore and offshore conventional and unconventional shale and tight gas.
13:00 Raffle prize draw, followed by lunch & refreshments

Sponsors of this event

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.

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.


RPS Energy
RPS Energy provides a range of technical, commercial and project management support services to the international energy industry, covering geoscience, engineering and HS&E, with offices around the world.

Mars Omega LLP
Mars Omega LLP is a discreet information collection and analysis agency, giving businesses, governments and NGOs unique access to high-quality intelligence improving their ability to make informed decisions on key issues.

New Eyes Exploration
New Eyes Exploration, founded by David Bamford, explores new ways to discover Oil and Gas.

Tullow Oil
Tullow Oil plc is one of the largest independent oil and gas exploration companies in Europe. The Group has operations in Africa, Europe, South Asia and South America. Tullow is headquartered in London and employs nearly 2000 people world-wide. Current production is ~90,000 barrels of oil equivalent per day (boepd). The company drills tens of exploration, appraisal and development wells annually, included multi-well campaigns in Ghana, Uganda and Kenya, with high exploration success rates.

Lynx Information Systems
Lynx Information Systems provides geophysical and GIS services to the petroleum exploration industry worldwide. Operating since 1989, we offer a full range of services, software solutions and GIS data for data handling and data management in upstream environments.

Registered Delegates

Danny Ghale
Business Development
1Derrick
United Kingdom
Andy Quallington
Manager, Geology Division
Getech Group PLC
United Kingdom
Josh King
Analyst
RAB Capital
United Kingdom
Hugh Ebbutt
Director
A T Kearney
United Kingdom
Michael Golden
Consulting Petroleum Geologist / Russian Translator
Golden&Associates
United Kingdom
Robert Snashall
Consultant
RGSConsult
United Kingdom
Paul Murphy
Key Account Manager, Oil and Gas Division
Airbus Defence and Space
United Kingdom
Alexander Chalke
Partner
Grosvenor Clive & Stokes
United Kingdom
Patrick Taylor
Director
RISC (UK) Limited
United Kingdom
Eleanor Murtagh
Graduate
Arkex
United Kingdom
Alessandra Lattarulo
Technical Consultant
Halliburton
United Kingdom
Paul Board
Business Development Manager
Robertson (A CGG company)
United Kingdom
Alan Perkin
Consultant
Artamo Energy Services Limited
United Kingdom
Clare Maher
Geologist
Halliburton Neftex
United Kingdom
Robert Waterhouse
Director
Rosha Resources Ltd
United Kingdom
Kate Garratt
Head of Energy
Aspectus
United Kingdom
Norman Hempstead
Director
Hempstead Geophysical Svcs
United Kingdom
Rachel Ziemba
Research analyst
Roubini Global Economics
United Kingdom
David Craik
Consultant
Atlaslocal
United Kingdom
Peter Hitchens
Analyst
HSBC
United Kingdom
Joseph Ryding
Geodetic support
RPS Energy
Richard Higgs
BDM Europe & Africa
Baker Hughes
United Kingdom
David Jenkins
Director
Hurricane Energy plc
United Kingdom
Martin Smith
Business Development Manager - Operations
RPS Energy
United Kingdom
Bill Corry

BC Partners
United Kingdom
Alexander Macgregor
Senior Legal Analyst (Upstream Oil and Gas)
IHS
United Kingdom
David Coursey
Business Dev Manager
RPS Energy
United Kingdom
John Argent
Global New Ventures Geologist
BG Group
United Kingdom
Elizabeth Patock
Director, EDM for Energy
IHS Markit
United Kingdom
Chris Hayes
Well Operations Director
RPS Energy
United Kingdom
eric oudenot
Principal
Boston Consulting Group
United Kingdom
William Arnstein
Oil & Gas analyst
Independent
United Kingdom
Martin Lester
Operations Director
RPS Energy
United Kingdom
Mike Smart
Director
Cameron Limited
United Kingdom
Frances Leon
General Manager, Africa Oil & Gas
ITE Group Plc
United Kingdom
Dawn Murton
Events Manager
RPS Energy
United Kingdom
Tim Jones
Regional Sales Manager
Cameron Ltd
United Kingdom
Michael Jacobs
Head of Oil & Gas
ITE Group Plc
United Kingdom
Linda Sutherland
Consultant
Sandown Energy Consultants Limited
United Kingdom
David Turnell
Account Manager
Cameron Surface Systems
United Kingdom
Graeme Coombes
Head of Division
ITE Oil & Gas
Markus Loegering
Petroleum Systems Advisor
SASOL
United Kingdom
Justus van der Spuy
Founder
Capital Energy Resources Ltd
United Kingdom
Mark Foster
Managing Director
JHKI Services Limited
United Kingdom
Stephen Trueblood
Commercial Manager
Sasol
Aurelie CHARDON

CBA
United Kingdom
Ewan Rossiter
Geologist
JX Nippon
United Kingdom
Kevin Dale
Exploration Advisor : New Ventures
Sasol E & P International
United Kingdom
Haydon Roberts
Senior Business Development Manager
CGG
United Kingdom
gina craciun
Regional Technical Sales Consultant
Landmark/Halliburton
United Kingdom
Nigel Muyambi
Commercial Advisor
Sasol Petroleum International
United Kingdom
Steven Bowman
Senior Geoscientist
CGG
United Kingdom
Sarah Ottley
Executive Search Consultant
Lime Search
United Kingdom
Isabel Asenjo
Reservoir Engineer
Sasol Petroleum International
United Kingdom
Alan Vigner
Business Development Manager
CGGVeritas
United Kingdom
Peter Nicol
Advisory
Locin Energy
United Kingdom
Anne-Mette Cheese
senior geoscientist
Sasol Petroleum International
United Kingdom
phil sheridan
director
churchill capital
United Kingdom
Ikaal Starlon
Student
London South Bank University
United Kingdom
David Webber
Seismic Operations Supervisor
Sceptre Oil & Gas
United Kingdom
Michael Alsford
Director
Citi
United Kingdom
Preston Enubuje

London South Bank University.
United Kingdom
Stephen Grice
Sales Manager
Shearwater GeoServices
United Kingdom
John Hall
Consultant geophysicist
Consultant
United Kingdom
Sean O'Donnell
GIS Geoscientist
Lynx Information Systems
Tom Martin
Director
Shikra Consulting
United Kingdom
Ron Silva

Consultant
United Kingdom
Duncan Macgregor
Consultant Geologist
MacGeology
United Kingdom
ANTHONY SYKES
Deputy General Manager
SMBC EUROPE LTD
United Kingdom
Micky Allen
consultant
consultant
United Kingdom
John Boucher
Exploration Director
Malawi Energy
United Kingdom
Mandhir Singh
CEO
Snow Leopard
United Kingdom
Peter Farrington
Geophysicist
Consultant Geophysicist
United Kingdom
David Murray
Senior Analyst
Mars Omega LLP
United Kingdom
Nadir Gilani
Senior Associate
SNR Denton
Corneliu Cosovanu
Senior Geologist
CoreLab_ Integrated Reservoir Solutions-UK
United Kingdom
Anthony Franks
Director
Mars Omega Partnership
United Kingdom
james baillie
investment promotion officer
south africa dti
United Kingdom
Dan Kunkle
Director
Count Geophysics
United Kingdom
James Cramond
Business Acquistion
McDermott
United Kingdom
Patrick Horwood
Business Development Geophysicist
Spectrum GEO Limited
United Kingdom
Thomas Adolff

Credit Suisse
United Kingdom
Mike Naylor
Director
MN Solutions (Cambridge) Ltd
United Kingdom
Anne Hegarty
Exploration Intelligence - Analyst
Statoil UK Ltd
United Kingdom
William Macpherson
Journalist
Cross Border Information
United Kingdom
MOMOHSANI MOMODU
MASTERS STUDENT
MSC STUDENT OF PETROLEUM ENGINEERING AT LONDON SOUTHBANK UNIVERSITY
United Kingdom
Safa Abdul Rasul
Researcher
Strategic Analysis
United Kingdom
CAT MANTLE

Darwin Park
United Kingdom
David Pilling
Head of Oil & Gas
Nedbank Capital
United Kingdom
RUTH LUX
Managing Director
Strategic Analysis at the Henry Jackson Society
United Kingdom
Humphrey Douglas
partner
Dentons
United Kingdom
Kathleen Gould
Regional Geoscientist
Neftex
United Kingdom
Tarek Gamudie
Manager
student
United Kingdom
David Mirzai
Analyst
Deutsche Bank
United Kingdom
Ed Reed
Senior Editor
NewsBase
United Kingdom
Derric Richardson
New Venture Manager
Tesla Exploration
United Kingdom
Brian Donnelly
Consultant Geophysicist
Donnelly
United Kingdom
Rod Chooramun
Associate
Norton Rose
United Kingdom
Matt Tyrrell
Geologist
TGS
United Kingdom
Howard Davies
Business Dev Manager
DownUnder GeoSolutions
United Kingdom
Nikki van der Meer
Associate
Norton Rose LLP
United Kingdom
sara stephens

TGS
United Kingdom
Stephanie Warne
Data Manager
DrillingInfo
United Kingdom
Stuart Fordyce
Geologist
Novas Consulting
United Kingdom
Ben Sayers
Business Development Manager, AME
TGS
United Kingdom
Gareth Crisford
Business Development Manager
EARTH-i Ltd
United Kingdom
Martine Davis
Business Development Manager
NVentures
United Kingdom
Richard Norton

The Boston Consulting Group
United Kingdom
Lara Oliveira
Analyst
Energy Intelligence Group
United Kingdom
Ekaterina Krylova
Account Manager
Paradigm
United Kingdom
Laurent Lafont
VP BD
The Oil Council
France
Alex Martinos
Senior Analyst
Energy Intelligence Group
United Kingdom
Robert Parker
Consultant
Parker
United Kingdom
Brian McBeth
Managing Partner
The Oxford Consultancy Group
United Kingdom
Terry O'Donnell
Business Development Manager
EPI Group
United Kingdom
CHRIS BROWN
VP EXPLORATION
PETRA PETROLEUM
United Kingdom
Andy Cooper
Sales Director
thyssenkrupp
United Kingdom
Edward Bowen
Director
EPI Group
United Kingdom
Yasmin D'Este
Business Development Director
Petroleum Geo Services
United Kingdom
Peter Evans
Group Head of Operations Geology
Tullow
Sohabe Richyal
Reservoir Engineer
ERC Equipoise Ltd
United Kingdom
Michael Sloane
Commercial Director
Petromall
United Kingdom
Dan Ekstein
Director - Oil & Gas Equity Research
UBS
United Kingdom
Neil Quilliam
Energy Adviser
FCO
United Kingdom
David Bamford

Petromall Ltd
Arqam Ahmad

UEA
United Kingdom
Stuart Meldrum
Research Analyst
Fidelity
United Kingdom
Mike Rego
Independent Consultant
PetroMall Ltd
United Kingdom
Alec Robinson
President & CEO
Valient Energy
United Kingdom
john gilbert
Equity Sales
FirstEnergy Capital
United Kingdom
Steve Pitman
VP Corporate Marketing
PGS
United Kingdom
Bjorn Ursin-Holm
President
Vision of Energy AS
Norway
Judith Poultney
Africa Analyst
FTI Consulting
United Kingdom
Sergey Palenov
Sales
PGS
United Kingdom
Kim Fairweather
Consultant
Vision Project Services
United Kingdom
Lin Kenealy
Sales and Marketing Director
GeoGuide Consultants Limited
United Kingdom
Rob Holden
Senior Sales Supervisor, MultiClient Africa
PGS
United Kingdom
Soeren Hilck
Energy Industry Analyst
Visiongain Ltd
United Kingdom
Amanda Hyam
Marine Wildlife Manager
GeoGuide Consultants LTD
United Kingdom
Peter Rattey
Director
PR Exploration Ltd
United Kingdom
Angus Warren
Owner
Warren Business Consulting
United Kingdom
Martin Hodge
Business Development & Project Geophysicist
Geokinetics
United Kingdom