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Finding Petroleum Opportunities In The Middle East


Investor issues - Ras Al Khaimah - Kurdistan - the Cenomanian of Arabian plate - Persian Gulf seismic
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FEATURED SPEAKERS
Hugh Ebbutt
» Director, A.T. Kearney, Oil and Gas, Upstream growth strategies, Portfolio focus
» A T Kearney
James Wallace
» area geophysicist
» Polarcus
Thibaut Burckhart
» Exploration manager
» RAK Gas
Katya Krylova
» VP sales and marketing
» GGS Interica

Full Agenda

Tuesday, May 22, 2018
London
The Geological Society


Our Middle East forum this year looks at investment opportunities in the changing market environment, and exploration opportunities in the emirate of Ras al Khaimah, the Kurdistan Region of Iraq, the massive Mishrif, Sarvak and Natih reservoirs (Iraq, Iran, Oman), and the Persian Gulf. Attend to get an overview and update of the biggest opportunities for explorers and investors in the most important region of the world for hydrocarbons.

Hugh Ebbutt, director of oil and gas upstream at A T Kearney, will talk about the issues facing investors in Middle East oil and gas industry - with National Oil Companies under local pressure to employ more of their own people rather than work with outside companies - although the technical complexity of projects of their operations is increasing as fields become more mature.

Thibaut Burckhart, exploration manager of RAK Gas, a National Oil Company for the emirate of Ras al Khaimah, the 7th emirate of the UAE, will talk about the exploration potential offshore in the emirate. James Wallace, area geophysicist with Polarcus, will discuss Polarcus’ survey data for the region.

After coffee, Richard Jones, CEO of Geospatial Research, will discuss the geological opportunities and risks in the Kurdistan Region of Iraq. Andy Horbury, director of Cambridge Carbonates, together with Benoit Vincent, geologist with Cambridge Carbonates, will talk about the Arabian Plate in the Cenomanian era (mid Cretaceous), looking at the massive Mishrif, Sarvak and Natih reservoirs (Iraq, Iran, Oman).

Then, Trond Christoffersen, COO of Global Geo Services, with Katya Krylova, sales and marketing director of GGS, will talk about opportunities in the Persian Gulf (offshore Iran), making use of upgrade seismic and new quantitative interpretation methods.

Read the report from our May 2017 event View the delegates list of our May 2017 Middle East event - View the May 2017 agenda

Agenda

 
9:30 David Bamford - Director
FindingPetroleum

Chairman's 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.

FindingPetroleum
Finding Petroleum was established to help the oil and gas industry network, and stay up to date on t
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9:40 Hugh Ebbutt - Director, A.T. Kearney, Oil and Gas, Upstream growth strategies, Portfolio focus
A T Kearney

Challenges facing investors in Middle East oil and gas. Rising technical challenges, which many of the less competitive, slow moving NOCs, now with more constrained budgets, cannot fully meet on their own


Talk Description
Political and demographic pressures, to employ more of their own people and only offer unattractive commercial and fiscal terms, limit the number and scope of effective joint ventures with experienced outside partners.

Gas may provide more attractive growth, where there is good market access and prices and terms are attractive enough, for example where there is a shortfall against growing domestic demand.

Middle East countries are looking to diversify away from their heavy reliance on oil, before growth in demand for oil slows, as the world moves to lower emitting fuels and renewable energy like solar, which the Middle East has in abundance. But regional and geopolitical rivalries are as intense as ever and cast a long shadow.
Hugh has over 30 years of global experience in the upstream energy business, originally as an explorer with BP, then in a range of upstream roles at Chevron and Hess, including deal evaluation, business planning and field development. He has an MBA from LBS.

His focus is on growth strategies and competitive priorities in upstream oil and gas, and he helps companies to:
• Develop stronger portfolios, and to prioritize high quality assets and deals, to deliver objectives
• Become more adaptable, innovative and agile - for a fast changing energy business environment
• Develop distinctive capability and technology strategies – to meet key competitive project needs
• Put in place effective, highly motivated team structures - with a clear sense of purpose
• Make better decisions, based on effective, fact based strategic, economic and technical evaluation

He was a Partner in Arthur D. Little’s Global Energy Practice, based originally in London, and then led ADL’s upstream group in Houston, before moving to CRA International - as a Vice President. He now works with A T Kearney, primarily focused on the Middle East.

Before consulting, he worked for five years with Chevron, working in Business Planning, Exploration and Development. He worked on a number of key oil and gas transactions, and in development and exploration with Hess, as it rapidly grew its upstream position in the North Sea, after seven formative years with BP in Exploration - in London, Eakring, Aberdeen, San Francisco and Egypt.

He has published articles on the outlook for oil and gas, factors driving supply and demand, resource and technology issues, climate change, upstream strategies, competitive positioning and deals.

A T Kearney
We help the leading power, oil, natural gas, and utility companies boost top- and bottom-line perfor
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10:15 James Wallace - area geophysicist
Polarcus

Unwrapping the potential of Ras Al Khaimah - 3D offshore exploration in UAE (part 1)


Talk Description
- survey design and operations

Nestled between the Al-Hajar Mountains and the Arabian Gulf, is the seventh Emirate of United Arab Emirates, Ras Al-Khaimah. A relatively under-exploited region, in terms of seismic exploration.

The Ras Al-Khaimah sub-basin contains the continental shelf carbonate sediments moving to complex faulting found in the foreland basin. It falls into the Thamama Group which is one of the largest oil reservoirs in the world. This area has had some exploration and production activity dating back to the 1980s. Two fields have been active: Saleh was one of the main producing gas and condensate wells in UAE. The other, RAK B, has proven oil reserves.

There have been a number of surveys offshore Ras Al Khaimah, 2D exploration lines and a 3D survey over each of the main fields, RAK-B and Saleh. The 2017 3D triple source survey was designed to cover the entire width and breadth of the Emirate’s waters, from water depths of 80m up to the coastline’s 15m contour in preparation for a 2018 licensing round, finally unveiling the Emirate’s offshore geological potential.

James Wallace is Area Geophysicist Europe, Africa and Middle East for Polarcus. He has held senior roles for the last 12 years within the industry, including being responsible for global geophysical operations, technical marketing and marine seismic data processing.


Polarcus
We have a pure play strategy focusing on the marine towed streamer seismic acquisition business, cou
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10:30 Thibaut Burckhart - Exploration manager
RAK Gas

Unwrapping the potential of Ras Al Khaimah : 3D offshore exploration in UAE (part 2)


Talk Description
- Geological analysis

Nestled between the Al-Hajar Mountains and the Arabian Gulf, is the seventh Emirate of United Arab Emirates, Ras Al-Khaimah. A relatively under-exploited region, in terms of seismic exploration.

The Ras Al-Khaimah sub-basin contains the continental shelf carbonate sediments moving to complex faulting found in the foreland basin. It falls into the Thamama Group which is one of the largest oil reservoirs in the world. This area has had some exploration and production activity dating back to the 1980s. Two fields have been active: Saleh was one of the main producing gas and condensate wells in UAE. The other, RAK B, has proven oil reserves.

There have been a number of surveys offshore Ras Al Khaimah, 2D exploration lines and a 3D survey over each of the main fields, RAK-B and Saleh. The 2017 3D triple source survey was designed to cover the entire width and breadth of the Emirate’s waters, from water depths of 80m up to the coastline’s 15m contour in preparation for a 2018 licensing round, finally unveiling the Emirate’s offshore geological potential.
An E&P geosciences professional with 19 years Shell experience, and a proven track record in leading successful exploration projects (12 wells through Final Investment decision gate, 3 gas discoveries, 4 oil discoveries, including DW Malaysia Petai field, First Oil Feb. 2014, 35,000b/d.)
Thibaut gained exposure to a wide spectrum of technical challenges in culturally diverse environments, through postings in the UK, Netherlands, Nigeria, Malaysia (Borneo), Oman, Australia (NWS) and UAE.
A high energy professional with a can-do attitude, Thibaut maintains a strong “hands-on” technical expertise and the drive to deliver projects, meeting E&P business objectives, throughout the exploration-appraisal cycle.

RAK Gas
The mission of RAK Gas is to provide the Emirate of Ras al Khaimah with a consistent and secure supp
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10:50 Coffee & Tea; Exhibits
11:10 Richard Jones - CEO
Geospatial Research

Geological Opportunities and Risks in the Kurdistan Region of Iraq


Over the last decade, GRL have extensive field experience across the Middle East, including the Zagr
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11:45 Andy Horbury - Director/Founder
Cambridge Carbonates

Understanding the Cenomanian: the massive Mishrif, Sarvak and Natih reservoirs of the Arabian Plate (part 1)


Cambridge Carbonates Ltd. is a geological consultancy that provides expertise in carbonate and evapo
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12:00 Benoit Vincent - Consultant Geologist
Cambridge Carbonates

Understanding the Cenomanian: the massive Mishrif, Sarvak and Natih reservoirs of the Arabian Plate (Part 2)


Benoit Vincent is working as a Consultant Geologist with Cambridge Carbonates Ltd for 2009. He obtained a BSc in the University of Grenoble, followed by a MSc and PhD from the University of Burgundy in Dijon (France) in the field of Sedimentary Geology. After a Post-Doctoral position at the French University he joined the Institut Français du Pétrole (IFP, now IFPEN) in Paris between 2002 and 2008 where he was responsible for the petrography and thin section manufacturing labs. Benoit worked on sedimentology, stratigraphy, and diagenesis of carbonates, as well as on the impact of diagenesis on reservoir properties, mainly in the Middle East.

He also participated in projects about CO2 storage and received the DEG (Division of Environmental Geosciences) Best Poster Award at the 2004 AAPG Annual Convention in Dallas. He was employed as expert Geologist in Andra (French National Agency for Radioactive Waste Management) from 2008 to 2009. His main interest is in diagenesis and petrophysics in relationship with sedimentology and stratigraphy, now working all around the world and through the entire Phanerozoic, in carbonate and clastic reservoirs.

Cambridge Carbonates
Cambridge Carbonates Ltd. is a geological consultancy that provides expertise in carbonate and evapo
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12:20 Trond Christoffersen - Chief operating officer
Global Geo Services AS

After the big bumps – Upgraded seismic, new QI methods plus the conventional exploration tool box show what to go for in the Persian Gulf (part 1)


GGS provides data from the PC-2000 (Persian Carpet), one of the largest Multi Client 2D surveys ever
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12:35 Katya Krylova - VP sales and marketing
GGS Interica

After the big bumps – Upgraded seismic, new QI methods plus the conventional exploration tool box show what to go for in the Persian Gulf (part 2)


Katerina Krylova is VP sales and marketing with GGS-Interica. Prior to her current position, she was an account manager at Paradigm Geophysical UK (2012-2015) and an EAME Business Development Manager at CGG (2010-2012). Katerina began her career as a seismic reservoir characterization geophysicist at CGG in 2005.

GGS Interica
GGS-Interica is a joint venture company which manages and licenses the Persian Carpet 2000 dataset t
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12:55 Lunch & Close

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