Finding New Exploration Ideas
or should we just "give up"?
£100 + VAT
» Ian Jack
» Partner; Leader, Oil & Gas Division
» Bain & Co
» Director of Geoscience
» head of consultancy
» Landmark Exploration Insights
Tuesday, September 20, 2016
The Geological Society
Click on the image to download the report
So far in this decade Exploration has been both disappointing and gas prone – we explorers have a performance problem!
And then (2014 onwards) of course with the crash in oil price, companies - if they have been lucky enough to survive - have slashed exploration budgets.
And now there are the rumblings of a ‘next phase’ from the Majors – “let’s chase small stuff with shorter lead times”, “big isn’t best”, “anyway there’s Iran opening up” etc etc.
Not a great time to be an explorer?
Well, here’s the thing…..
In around 3 years’ time, there will be a global supply problem with the Majors short of new barrels.
So we have two or three interesting questions to answer:
Where should we be exploring?
How should we be exploring; where is improved performance going to come from?
Who is going to do it, if the Majors have ‘given up’?
Note: This event continues from our past 'giobal hotspots' events held in
April 2014 - see the agenda - see the delegates list
May 2013 - see the agenda - see the delegates list
|Andrew is now a Principal at StrategicFit and a Non-Executive Director at Egdon Resources.|
Previously, he joined Premier Oil plc’s Board as Exploration Director in April 2009 from Hess where he was Vice President, Exploration, responsible for Europe, North Africa, Asia and Australia for nine years. Prior to that, he was Vice President, Exploration, Asset Manager and Group Exploration Advisor for BHP Petroleum, based in London and Australia. Prior to joining BHP Petroleum, Andrew worked for BP as a geophysicist. He has an honours degree in Mining Geology from the University of Wales and a Masters in Applied Geophysics from the University of Leeds. He is a fellow of the Geological Society.
He retired from Premier Oil in June 2015.
StrategicFit is a strategy consulting firm specialising in the upstream oil and gas industry.
|During Ian Jack's time in BP he ran the seismic field operations team, the subsurface R&D program, served as an SEG vice president, and inaugurated the SEG's "Distinguished Instructor" program with a 1-day 4D course taught worldwide. BP awarded him their “distinguished advisor” title in 2000, and in this role he initiated the first at-scale “Life of Field” seismic monitoring system which was subsequently installed in the Valhall field. He also initiated developments in land seismic technology which are coming to fruition at the present time. Although now "mostly retired" and quite undistinguished, he consults, does some teaching, and hikes around any convenient mountain range.|
Ian is a physicist who strayed into geophysics by attending a job interview with GSI for interview practice, and was unable subsequently to say no to the unexpected job offer. That was in 1968 and he worked as a field engineer, then in data processing and software development before joining BP 10 years later.
Ian is a physicist who strayed into geophysics by attending a job interview with GSI for interview p
|Peter Parry is a partner in Bain & Company’s London office and a leader in the firm's Global Oil & Gas practice. He has extensive experience in strategy development, technology management, operations and commercial negotiation. He has worked extensively with the energy industry’s leading players over the past 28 years, including international majors, national oil companies, independent oil, and oilfield and engineering service companies.|
Peter has a particular interest in strategies for corporate growth and shareholder return performance. He has extensive experience working alongside executive management in the oil majors and national oil companies, developing and implementing growth strategies.
He has assisted companies to develop technology portfolio management strategies and long-term technology investment plans, and to more closely integrate technical service activities, R&D, and field operations.
He has also played high-profile roles in the World Economic Forum and with the Global Business Coalition on HIV/AIDS, TB and Malaria. He has written and published a number of articles and papers on the oil and gas sector, on the low carbon agenda and on the effectiveness of public/private partnerships.
Prior to joining Bain & Company, Peter worked for Booz Allen Hamilton where he led the global upstream oil and gas consulting business. Previous roles have included managing director of Arthur D Little’s UK consulting and R&D business, manager in the Energy Corporate Finance team of a UK merchant bank and a technical specialist for the geophysical consultancy Scott Pickford and Associates.
Peter is a member of the Association of International Petroleum Negotiators and the Petroleum Exploration Society of Great Britain.
Bain & Co
Bain & Company is the consulting firm the world's business leaders come to when they want enduring r
|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 is established as a key player in the seismic services market. The company focuses on deliv
|Andrew Lavender joined Neftex in 2006 as a geologist, and since then has been involved in regional geological studies around the globe. His current role is as Consultancy Division Lead, where he works with oil company clients to help them make the most from their datasets and to provide geological insight to augment their exploration activities.|
Landmark Exploration Insights
Landmark Exploration Insights (formerly Neftex), is a product family within Landmark, a business lin
|Mr. Morris has over 13 years of experience in the oil and gas industry. Mr. Morris is Technical Director and co-founder of Azinor Catalyst. Mr. Morris is responsible for developing Azinor Catalyst's net-risked resources and delivering on the company's strategy. He has an excellent track record of finding oil, with strong leadership capabilities and ability to deliver significant commercial value. |
Since launching Azinor Catalyst with co-founder Nick Terrell in February 2014, Mr. Morris has built up the company portfolio rapidly through the UK 28th Licensing Round and targeted acquisitions. The company is a qualified UK offshore operator, focused on generating significant value for its stakeholders through advanced seismic technology and other de-risking technologies ahead of drilling.
For the large part of his career prior to Azinor Catalyst, Mr. Morris held a mixture of roles, including Vice President Global Development, Asia Pacific Manager and Lead Geophysicist, at Ikon Science, an independent technology company developing exploration de-risking tools. He joined Ikon in its founding year as a Geophysicist and was instrumental in transforming it from a start-up seed entity of six individuals to a full-fledged service and technology company with over 150 staff around the world.
At Ikon, Mr. Morris developed and deployed 'Best Practice' Quantitative E&P tools into the majors (e.g., Shell, Statoil, Chevron and Exxon), and delivered exploration services to small and mid-size exploration companies. During this time, Mr. Morris built a service team which was contracted out to UK and global explorers, such as Tullow Oil, Oilexco and Ophir Energy. Mr. Morris was fundamental in a series of successes in Oilexco's 2002-2007 drilling campaign in which more than a dozen discoveries were made under his steer.
Following a stream of highly successful North Sea exploration wells, Mr. Morris took Ikon's knowledge to the Asia Pacific region, leading and developing the global footprint and improving general exploration success via quantitative exploration and development techniques, and delivered solid revenue growth and a profitable regional business.
In addition to Ikon, Mr. Morris was Senior Explorationist for Endeavour Energy UK, working with Mr. Terrell to develop its exploration and development portfolio technically.
Mr. Morris is a British citizen and holds a B.Sc. hons. in Petroleum Geology from the University of Cardiff and an M.Sc. in Petroleum Geoscience from Imperial College London.
At Azinor Catalyst we are building a material portfolio of high value UK Continental Shelf (UKCS) as
|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 is a unique oil and gas advisory service which prides itself on technical excellence in se