Finding opportunities in the Middle East and the Levant

....to be avoided or too good to turn down? 0

Thursday, December 12, 2013, London, The Geological Society

What exploration opportunities are there in the Middle East, from the Levant to the Straits of Hormuz?

First of all, do we actually need any exploration there? Absent identification of future reserves, is the future for many countries one of inexorable decline; what is the realistic production potential of Iraq; are new reserves (or simply old ones) being discovered in Kurdistan?

Above ground, of course there are some significant issues to contemplate, from the commercial realities of Eastern Mediterranean gas, the relationship of Kurdistan to Iraq, the security situation in Iraq, the needs of Kuwait, Qatar, the United Arab Emirates and Oman, , to whatever is happening in Iran. And is the Syrian situation going to result in some sort of regional conflict?

Below ground, these countries show different stages of exploration maturity, with probably Iraq the leading contender for exploration dollars, with Kurdistan as a key component, absent any other consideration.

This Forum will examine whether or not we should anticipate an imminent ‘exploration Spring’ in the Middle East, in particular whether further large discoveries can be foreseen, and if so, where?

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

Robert West - Research Associate - Sanford C. Bernstein

The realities of Middle East production & exploration


Sanford C. Bernstein
Helping you build and preserve your wealth through the decades with investment research, financial planning, and wealth management services.
10:15

Dirk Cuthbertson - Marketing Manager - Getech

Influence of Tectonics and Climate Evolution on Clastic Sediment Source-to-Sink Relationships in the Eastern Mediterranean

Talk Description.
Relatively recent exploration successes in Israeli and Cypriot waters have put the offshore Levant Basin on the radar for a number of oil companies. There remains however one particular enigma: what is the sediment source for the Lower Miocene reservoirs that have proved so prolific? We will examine evidence from drainage analysis of the surrounding hinterland, palaeoclimatic research and palaeogeographic mapping for the region based on Getech’s Global Plate Model to appraise some of the contenders for sediment source and look at why reservoir development ceased prior to the Messinian Salinity Crisis of the late Miocene.
Dirk Cuthbertson graduated with an M.Sc. from Royal Holloway, University of London in 1996 and joined Fina Exploration as an Operations and Wellsite Geologist. Following a sabbatical from the industry Dirk joined what was then Fugro Robertson in North Wales in 2003 as a Senior Scout before becoming Global Fields Manager. He joined Getech in 2006 and is now their Marketing Manager.

Getech
For over 25 years, we've been using our data and geoscience expertise to help the oil and mining industries locate the earth's natural resources. Whatever your requirements, our multidisciplinary team of geoscientists can help you make enlightened business decisions.

At Getech, we offer a range of services dedicated to helping you understand the geological risks and opportunities associated with locating natural resources - whether you're working on a global or regional scale.

Our eco-system offers a holistic view of how our core services interact, with Globe at the centre.
10:50

Dr James Scotchman - Geoscientist for the Middle East - Landmark Exploration Insights

Beyond conventional: Unconventional prospectivity of the Middle East

Talk Description.
The conventional hydrocarbon resources of the Middle East have long been the main focus of exploration with unconventional resources often being overlooked. With the success of unconventional development in North America, shale-gas and -oil of the Middle East is beginning to draw attention. Of particular interest are the early Silurian and Middle-Late Jurassic targets which are prolific conventional source rocks across the region. Within this talk these potential targets are assessed for their future unconventional potential.
James Scotchman joined Neftex in late 2012 as a geoscientist in the Middle East team where he focussed upon Silurian stratigraphy. Since late 2013 he joined the Consultancy team where he works on an array of projects integrating client data with the unique Neftex Earth Model. James has a doctorate from University College London which focussed upon the timing of submarine-fan deposition within the Ainsa Basin, Spanish Pyrenees.

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.
11:30 Lunch, Coffee & Tea

12:00

Ruth Lux & Rupert Sutton - Managing Director; Analyst - Strategic Analysis

Middle East and North Africa – The Levantine Region: A Region in Transition and what does this signify for the Oil and Gas sector?

Talk Description.
Major geopolitical events are transforming the world. We will address possible outcomes of current and future conflicts and provide a forecast on the political and security environment.
Ruth Lux

Ruth Lux is Founder and Managing Director of Strategic Analysis at the Henry Jackson Society and Director of Political Risk. Ruth has developed and managed internal training for the Research Team and production of Strategic Analysis’ Research, Analysis and Consulting client services. She has developed company methodology on assessing risks to the oil and gas sector in the Middle East and North Africa and specialises on the Levant. Prior to establishing Strategic Analysis she worked in the political risk sector on political and violent risk issues in the Levant.

Rupert Sutton

Rupert Sutton holds an MA in Terrorism and Security from King’s College London. He is an analyst at Strategic Analysis at the Henry Jackson Society where he focuses on political, economic and security risks in the Levant region, specifically in Lebanon, Israel and Jordan. He previously worked at the International Centre for the Study of Radicalisation, and is an expert on sectarian conflict, paramilitary militias and Islamist militant groups.

JPEG: http://www.strategic-analysis.org/about-us/our-team/

Strategic Analysis
Strategic Analysis at the Henry Jackson Society leverages the unique specialist capabilities of the Henry Jackson Society Research Division to provide our clients with decision-ready, commercially relevant research, analysis and consulting services to assist them in enhancing their operations and minimizing potential risks to their business. The Research Division monitor and analyse the economic, security and political risks which may impact our clients operating in the Middle East and Eurasia. Strategic Analysis offers incomparable access to the Research Division together with a selection of services which are tailored to our clients' requirements.
12:30

Petromall - Panel Discussion - - PetroMall Ltd

The Middle East - how do western companies prosper there?

Talk Description.
Earlier presentations have reminded us that the Middle East is the epicentre of world oil (and gas), that the geology is rich and prolific, and that there is political upheaval and worrying security risk.
Can or should any western company try to go there for the first time, and can they hope to prosper?
We will consider these questions via 3 x 10-15 minute presentations from:

Javad Ardalan (Director, Oxford Persian Institute) on Iran
Suha Najjar (Consultant, Akkadia Partners LLP) on Iraq
Anthony Franks (Partner, Mars Omega LLP) on Oman

followed by a 20-30 minute audience Q&A, led by the chaiman.
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.
13:30 Raffle prize draw

13:35 Join us in the library for wine and beer
Talk Description.
We will be putting out wine and beer for delegates in the lower library.

Sponsors of this event

Getech
For over 25 years, we've been using our data and geoscience expertise to help the oil and mining industries locate the earth's natural resources. Whatever your requirements, our multidisciplinary team of geoscientists can help you make enlightened business decisions.

At Getech, we offer a range of services dedicated to helping you understand the geological risks and opportunities associated with locating natural resources - whether you're working on a global or regional scale.

Our eco-system offers a holistic view of how our core services interact, with Globe at the centre.

Spectra-Map
Spectra-Map Ltd is a British company based near Oxford, which provides spectral consultancy services and instrument sales to the mining and petroleum industries, using the SpecCam imaging infrared spectrometer.

The company developed the unique SpecCam mineral logging system for automated, real-time minerals analysis and logging from a variety of materials including drill core, cuttings, RC chips and powders. The company is committed to providing the highest quality service to clients, whether at well-site, office or core storage facility.

Spectra-Map offers a full consulting service in hyperspectral remote sensing.

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.

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.

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.

Registered Delegates

Megan Manley
Sales Coordinator
ARKeX
United Kingdom
Alexander Chalke
Partner
Grosvenor Clive & Stokes
United Kingdom
M. Javad Ardalan
Director
Oxford Persian Institute
United Kingdom
Alan Perkin
Consultant
Artamo Energy Services Limited
United Kingdom
Norman Hempstead
Director
Hempstead Geophysical Svcs
United Kingdom
M. Javad Ardalan
Director
Oxford Persian Institute
United Kingdom
Alan Taylor
Director
ATenergy
United Kingdom
Bill Green
Account Director
Hermes Datacomms
United Kingdom
Mike Rego
Independent Consultant
PetroMall Ltd
United Kingdom
David Craik
Consultant
Atlaslocal
United Kingdom
David Jenkins
Director
Hurricane Energy plc
United Kingdom
Stuart Vernon

PetroMall Ltd.
United Kingdom
Christian Richards
Sales Manager
AustinBridgeporth
United Kingdom
Laura Taylor
Petroleum Consultant
Hydrogen
United Kingdom
M. Al-Chalabi
Head
Petrotech Consultancy
United Kingdom
Derek Cox
Business Development
BBC Monitoring
United Kingdom
Isabelle Manley-Cooper

Hydrogen
Jan Hautmann
Technical Sales and Business Development Manager
PGS
United Kingdom
Bill Corry

BC Partners
United Kingdom
Ian Schofield
02070020226
Hydrogen Group
United Kingdom
soraya derdiri
private investor
PI
United Kingdom
Katie Roberts
Geologist
BG-Group
United Kingdom
Michael Wynne
Senior Director Global Operations
IHS
United Kingdom
Aileen Campbell

Private Investor
United Kingdom
Jonathan Watson
Geophysicist
Bridgeporth ltd
United Kingdom
Rolf Sohner

IHS
United Kingdom
John Hother
MD
Proneta
United Kingdom
Rachel Braun
Geopolitical Risk Analyst/Business Development
Bridgeporth Ltd
United Kingdom
William Gibson
Legal Analyst
IHS
United Kingdom
Nigel Quinton
Consultant
QX Energy Limited
United Kingdom
Robert Kennedy
Commercial Director
Caithness Petroleum Limited
United Kingdom
Patrick Gahan
Oil and Gas Field Researcher
IHS
United Kingdom
Josh King
Analyst
RAB Capital
United Kingdom
Andrew Webb
Manager, Petroleum Reservoir and Economics
CGG
United Kingdom
Bani Norouzian
Business Development Manager-IHS Energy
IHS Global
United Kingdom
Kes Heffer
Director
Reservoir Dynamics Ltd
United Kingdom
ANASTASIOS SKIADAS
Private Consultant
Consultant
United Kingdom
Vispi Dumasia
VP - EAME
Ikon Science
United Kingdom
Robert Snashall
Consultant
RGSConsult
United Kingdom
Peter Farrington
Geophysicist
Consultant Geophysicist
United Kingdom
Khalil Obeid
Sales Manager
Immerse Learning
United Kingdom
Mark Cowgill
Director of Tellus
Robertson (UK) Limited
Augustus Wilson
Consultant
Consulting Geologist Middle East
United Kingdom
Irina Mosina

Imperial College
United Kingdom
Gary Eisenhauer
Petroleum Geologist
Robertson Ltd, a CGG Company
United Kingdom
Mohsen Daneshkhah
Managing Director & Chairman
Dana Geophysics Co.
Iran
Dapo Fakorede
Consultant
Independent
United Kingdom
Robert Waterhouse
Director
Rosha Resources Ltd
United Kingdom
Alistair Gray
Exploration Manager - International New Ventures
Dana Petroleum
United Kingdom
Luca Brutti
Senior Consultant
Infosys Consulting
United Kingdom
JOHN GEORGIOU
EXPLORATION CONSULTANT GEOPHYSICIST
RPS ENERGY
United Kingdom
David Boote

DBconsulting Ltd
United Kingdom
Abdulkhaleq Al-Ali
Manager-London office
Kuwait Oil Company
United Kingdom
Linda Sutherland
Consultant
Sandown Energy Consultants Limited
United Kingdom
Lydia Moore
Oil and Gas Analyst
Deloitte LLP
United Kingdom
Rajeev Madhavan
Oil & Gas Analyst
Lambert Energy Advisory Ltd
United Kingdom
Rob West

Sanford Bernstein
United Kingdom
Ian Blakeley
Global Oil & Gas Analyst, Account Development Manager EAME
Drillinginfo
United Kingdom
Matt Luheshi

leptis E & P Ltd
United Kingdom
Masood Ayoub
Commercial Director
Sarwarzad Energy Ltd
United Kingdom
Gareth Crisford
Business Development Manager
EARTH-i Ltd
United Kingdom
Antonello Renno

Management Consultant
United Kingdom
Irini Katsiani
Manager, Business Development
Statoil
United Kingdom
Nnamdi Anyadike
London office
Energy Correspondent
United Kingdom
David Murray
Senior Analyst
Mars Omega LLP
United Kingdom
Brahim Aklil
Principal Analyst
Statoil U.K
United Kingdom
Teng Ben
Business Analyst
Eni
United Kingdom
Andy Miller
International Projects manager
Mars omega Partnership
United Kingdom
Anne Hegarty
Exploration Intelligence - Analyst
Statoil UK Ltd
United Kingdom
Laura Walshe
Director, Strategic Projects Europe
Enviance
United Kingdom
Anthony Franks
Director
Mars Omega Partnership
United Kingdom
Rupert Sutton
Analyst
Strategic Analysis
Richard Bayes
Geophysicist
EOG Resources
United Kingdom
Suzannah Kwok
Associate Director
Michael Page Oil & Gas
United Kingdom
James Sagoe
Researcher
Strategic Analysis
United Kingdom
Terry O'Donnell
Business Development Manager
EPI Group
United Kingdom
Martin Hodge
Data Processing, Time Imaging & Data Management Geophysicist
MoveOut Data Seismic Services
United Kingdom
Ruth Lux
Managing Director
Strategic Analysis
United Kingdom
James Bowkett
Geoscientist
ERCL
United Kingdom
Anna Brookfield
Geoscientist, ME team
neftex
United Kingdom
David Fernandes
Researcher
Strategic Analysis
United Kingdom
Neil Quilliam
Energy Adviser
FCO
United Kingdom
James Scotchman
Geoscientist
Neftex
United Kingdom
Mark Davis

SYSTEMIQ
United Kingdom
Daniel Weston
sales support Geoscientist
ffA
United Kingdom
Lucy Bater
Middle East Product Manager
Neftex Petroleum Consultants
United Kingdom
ROSEMARY JOHNSON SABINE
VP Exploration
TETHYS PETROLEUM
United Kingdom
Adam Marmaras
Event Organiser
Finding Petroleum
United Kingdom
Callie Bradley
MIddle East Geoscience Technical Assistant
Neftex Petroleum Consultants
United Kingdom
Stephen Nicola
Upstream Sector Analyst
The EIC
United Kingdom
Kim Noakes
Technical Consultant
g3baxi partnership
United Kingdom
Harish Pillai
Vice President
Neo Energy
United Kingdom
Shabbir Khan
Engineering Science MEng Graduate
University of Oxford
United Kingdom
Dirk Cuthbertson
Marketing Manager
Getech
United Kingdom
Keith Nunn
Managing Director
Nunngeo Consulting Ltd
United Kingdom
Kim Fairweather
Consultant
Vision Project Services
United Kingdom
Will Holland
Director
Grafton Energy Limited
United Kingdom
Asisat Lamina
Senior Consultant
OTM Consulting Ltd
United Kingdom
Andrew Wright
Managing Director
Wright Interim Management Limited
United Kingdom