Opportunities in Mature Provinces and Super Basins

How can we make a step change in improving investability of older fields? 0

Wednesday, February 21, 2018, London, The Geological Society

They say the best place to find oil is an oilfield. We'll be exploring some new ideas how to do this at our mature fields forum on February 21, with talks from Kimmeridge Energy, Landmark Exploration Insights (Halliburton, formerly Neftex), investment banking firm Stifel (Chris Wheaton) and Rob Gill, formerly EAME business development manager with Advisian Worley Parsons.

Mature Provinces around the world can offer significant opportunities for innovative companies in a low oil or gas price world - much infrastructure has already been built and the location of the great majority of resources/reserves is known.

Topics we'll cover include the 'superbasins' concept (a basin which has produced 5bn boe and has about 5bn boe left, with typically multiple source rocks, such as the Permian Basin, Northwest German Basin, and more, see more here) and why that might be useful; Kimmeridge Energy's plans for the Permian and beyond, ideas from an investor's perspective on how to improve economic recovery from the North Sea, and ideas about developing satellite fields, with subsea tiebacks and standardised minimum facilities platforms.


This event follows our:

March 2017 event "Finding & Exploiting new petroleum resources in Europe"

March 2016 event "Finding & Exploiting new petroleum resources in Europe"

Agenda

9:30

David Bamford - Director - Finding Petroleum

Welcome

Talk Description.
Welcome and 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.
9:35

Owen Sutcliffe - Manager, Exploration Insights - Landmark Exploration Insights

Illuminating the Geology of Super Basins: The Next Big Thing for Exploration?

Talk Description.
The recently publicized concept of “Super Basins” provides geologists with an exciting opportunity for exploiting hydrocarbons in low risk settings where topside infrastructure is well established and the subsurface is known to contain (often multiple) prolific petroleum systems. The main differentiator between Super Basins and their less hydrocarbon-rich counterparts is a proven production of >5BBOE and a remaining recoverable resource of >5BBOE. Across the globe, c. 25 Super Basins have been identified. By its very definition, the Super Basin concept relies heavily on what is known in the subsurface today and is extremely beneficial at identifying short-term cycle production opportunities. However, as a concept, the term Super Basin reveals little about the heterogeneous nature of the known petroleum systems or whether any potential for new exploration opportunities of significance exists. In particular, are there new plays to be exploited? And if so what are they and what are the likely resources associated with them?

We will discuss how an integrated, holistic process of geological evaluation reveals the true anatomy of the petroleum systems in these basins. This demonstrates that in these exceptional basins, the petroleum systems within them can be far from simple and often have variable levels of exploration associated with them. Furthermore, the nature of generation, dispersal and capture of hydrocarbon change is also illuminated with diffusive and more focused charge end-members being clearly recognized. This differentiation of Super Basins provides a realistic basis for defining geological analogues, a framework for comparing similar petroleum systems and for making inferences about the new exploration potential within them. There must some new life in some of these show dogs yet!

Paper authors: Owen Sutcliffe, Mike Simmons, Dan Slidel & Michael Treloar
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.
10:10

Neil McMahon - Managing Partner - Kimmeridge Energy

The Permian Basin – Evolution of a Perfect Petroleum System


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.
10:45 Coffee & Tea; Exhibits

11:15

Chris Wheaton - Investment Manager - Stifel

The prize: turning the North Sea into an oil and gas factory


Chris Wheaton was formerly European energy sector analyst with Allianz and energy investment analyst with T Rowe Price.

"Having trained as a Chemical Engineer, I've spent over half my 20 year career as a stockpicker and stockmarket analyst following the Oil & Gas industry and global energy markets. I've also analysed and stockpicked across sectors as diverse as financials, transport, and media. I've been fortunate to be an analyst on the energy sector during a time of extraordinary change in the global energy industry, and to take advantage of the stockpicking opportunities this rate of change has generated. With a lot of hard work I've been top ranked among my investment peers in Europe by some of the biggest global energy companies for the quality and depth of my analysis and my investment insight not just for the short-term, but on the key strategic issues facing industry CEOs."

Stifel
Stifel is a full-service wealth management and investment banking firm, established in 1890 and based in St. Louis, Missouri. The Company provides securities brokerage, investment banking, trading, investment advisory, and related financial services through its wholly owned subsidiaries to individual investors, professional money managers, businesses, and municipalities.
11:50

Rob Gill - Consultant - PetroMall Ltd

Wellhead platforms, financing schemes and contracting strategies

Talk Description.
Developing satellite discoveries using subsea tie backs or standardised min facs platforms with innovative financing schemes
Rob Gill is formerly EAME business development manager with Advisian Worley Parsons,

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.
12:25

Daniel Baltar - Director/Founder - FoxGeo Exploration

What will it take to revive offshore superbasins?

Talk Description.


Daniel Baltar is the Director/Founder of FoxGeo Exploration was formerly Global Exploration Advisor for EMGS ASA.
He has been responsible for the integration of EM data into Pemex’s exploration workflow in the deep-water Gulf of Mexico, after dozens of prospects being consistently evaluated; this workflow takes credit for Pemex’s recent and outstanding deep water exploration success. Previously, Daniel has worked as an explorationist and seismic QI in many different basins and depositional environments. Also, he has experience in pore pressure prediction and shallow hazard analysis. He holds an MSc in Hydrocarbon Exploration and Production form ISE/Heriot-Watt and a degree in Physics.

FoxGeo Exploration
13:00 Close: Lunch & Exhibits

Sponsors of this event

Registered Delegates

Hugh Ebbutt
Director
A T Kearney
United Kingdom
Richard McIntyre
Sales Manager
Finding Petroleum
Lauren Mayhew
Geoscientist
Lyme Bay Consulting
United Kingdom
Rob Gill
Senior Advisor
Advisian
United Kingdom
Karl Jeffery
Editor
Finding Petroleum
United Kingdom
David Pilling
Head of Oil & Gas
Nedbank Capital
United Kingdom
Julian Moore
Technical Director
APT UK
United Kingdom
Daniel Baltar
Global Exploration Advisor
Fox Geo Exploration
David Bamford
Director
New Eyes Exploration Ltd
UK
David Craik
Consultant
Atlaslocal
United Kingdom
Owen Sutcliffe
Head of Stratigraphic Research
Halliburton
Mike King
Oil & Gas Manager
NPA Satellite Mapping
United Kingdom
Paul Mullarkey
Managing Director
Auriga Energy
United Kingdom
Michael Treloar
Geoscientist
Halliburton-Landmark
Abi Mirkhani
COO
OPG Supply
United Kingdom
Christian Richards
Sales Manager
AustinBridgeporth
United Kingdom
Norman Hempstead
Director
Hempstead Geophysical Svcs
United Kingdom
Robert Parker
Consultant
Parker
United Kingdom
Steve Callan
Sales / Marketing / Business Development
BGP Marine
United Kingdom
Jaco Fleumer
Business Development Manager
HSM Offshore B.V.
Netherlands
Yoann Desriac

Perenco
David Sendra
Associate Consultant
BlackRockQI
United Kingdom
David Jenkins
Director
Hurricane Energy plc
United Kingdom
Frederic Yeterian
Director
Philax International (UK) Ltd
United Kingdom
Emma Richards
Oil & Gas Analyst
BMI Research
United Kingdom
Alastair Reid
Consultant
IHS
United Kingdom
John Clure
Managing Director
Phoenix Hydrocarbon Resources Ltd
United Kingdom
Joe M Boztas
Director/Interpreter
Boz Seismic Services
United Kingdom
Abbey Hunt
Geoscientist
Impact Oil and Gas
United Kingdom
Colin More

Prospect Geoscience
United Kingdom
Robert FE Jones
Director
Caithness Petroleum
United Kingdom
Nick Steel
Consultant
Independent
United Kingdom
Richard Herbert
Director
R Herbert Associates
United Kingdom
Chris Matchette-Downes
MD & Owner
CaribX and MDOIL Limited
United Kingdom
Neil Simons
Consultant
Independent
United Kingdom
Patrick Taylor
Director
RISC (UK) Limited
United Kingdom
Andrew Webb
Manager, Petroleum Reservoir and Economics
CGG
United Kingdom
Manouchehr Takin

Independent consultant
United Kingdom
David Webber
Seismic Operations Supervisor
Sceptre Oil & Gas
United Kingdom
Jodie Hunt
Marketing Geologist
CGG
United Kingdom
Mike Hibbert
Independent consultant
Independent consultant
United Kingdom
David Jackson
Principal Geologist
Shearwater Geoservices
United Kingdom
James Andrew
Busines Development Mgr EAME
CGG
United Kingdom
Phil Penfold
Partner & Global Director BD
io oil & gas consulting
Simon Bradbury
Director
Simelis
United Kingdom
Peter Farrington
Geophysicist
Consultant Geophysicist
United Kingdom
Naohiro Yoshino
Geoscientist
JAPEX
United Kingdom
Laura Lawton
Principal Geoscientist
SLR
United Kingdom
Richard Walker
Consultant Geophysicist
Cornhill Economics Ltd
United Kingdom
John Griffith
Upstream Advisor
JJG Consulting International Ltd
United Kingdom
David Lawton
Chief Geoscientist
SLR Consulting Ltd
United Kingdom
Lisa Randall
Data Analyst, NW Europe
Drillinginfo
United Kingdom
Christian Bukovics
Independent Director
JKX Oil&Gas Plc
United Kingdom
Chris Wheaton
Director
Stifel
United Kingdom
Martin Riddle
Technical Manager
Envoi
United Kingdom
Neil McMahon
Director of Research
Kimmeridge Energy
Deirdre ODonnell
Managing Director
Working Smart
United Kingdom
Avinga Pallangyo
Events Manager
Finding Petroleum