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Global Hotspots - where can we find big oil & gas fields


Deepwater, increasingly Onshore....Mexico, Myanmar, Russia, Kurdistan and more!
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Graham Mayhew
» Executive Vice President of Africa Business Unit
» Spectrum
Ivan Sandrea and David Bamford
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» Oxford Institute for Energy Studies

Tuesday, May 14, 2013
London
The Geological Society

It is fashionable to identify deepwater – especially in the South Atlantic, unconventionals – especially in North America, and the Arctic – offshore Alaska, Russia, perhaps Greenland – as the ‘hot spots’ in the current global exploration scene.

This is probably true when looking in the rear view mirror or, given what appear to be the limited aspirations of most Majors today, saying “me too!” and/or peering at smaller, more agile competitors. If we get out our crystal balls, is this picture going to remain true looking forward; what can we say about what explorers will be doing over the next 18 months? What will the world of global exploration look like when we review, around this time in 2015, what happened in 2013 and 2014?

This Forum will take a good look at 2012 in the rear view mirror. Which small-medium sized companies have been successful and where; where indeed have the ‘hotspots’ been? How has this played out in terms of mergers and acquisition activity; who has survived, who has gone under, who has been bought out?

Then, looking forward, can we make any sort of prediction where the ‘hotspots’ of 2013 and 2014 will be? Where are exploration companies going to be drilling frontier wells and perhaps, as an even better leading indicator of future activity, where are seismic (and other geophysical) companies shooting multi-client data?

No doubt deepwater will continue, but if so where? Perhaps the much heralded international move onshore is upon us? Or perhaps relatively out of favour areas such as SE Asia will rise again (either because of or perhaps in spite of the geopolitical pressures in the South China Sea?).

If you would like to make a presentation at this topical event, please contact David Bamford via the Finding Petroleum website; if you are interested in sponsorship or exhibiting, please contact Terry O’Donnell in the same way.

Agenda

 
9:00 Arrivals and Registration. Tea & Coffee
9:30 David Bamford - Director
Finding Petroleum
Welcome & Introduction


David Bamford is 63. He is a non-executive director at Tullow Oil plc and has various roles with Parkmead Group plc, PARAS Ltd and New Eyes Exploration Ltd, and runs his own consultancy. He writes regular articles for OilVoice and ROGTEC and is a co-founder of Finding Petroleum.

He retired from BP in 2003, after a 23 year career spent initially in research & technology, then the geophysics function, business unit leadership, and finally BP's global exploration programme.

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, distributing their colour magazine - Digital Energy Journal, and with an online social network of nearly 700 members.
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9:40 Dr Keith Myers - Founding Partner
Richmond Energy Partners
Reflections on 2012


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After completing a Ph. D. at Imperial College, Keith joined BP in 1987 as a geologist. Following a variety of technical roles, he became a Senior Commercial Advisor in 1996 when he led several major negotiations for new business access as well as Business Strategies for BP’s business in West Africa and BP’s Strategic Alliance with Statoil. Since 2000 Keith has been an advisor to numerous energy companies on strategy and partnership issues Keith founded Richmond Energy Partners in 2006 to provide independent advice to investors in smaller oil and gas companies. Richmond Energy advise some of the largest funds and institutions investing in the sector. Keith takes a keen interest in oil sector governance and served on the organising committee of the Good Governance of the National Petroleum Sector Project at the think tank Chatham House.

Richmond Energy Partners
Richmond Energy Partners was founded in 2006 and provides independent advice to investors in smaller oil and gas companies. It provides advice to some of the largest funds and institutions investing in oil and gas. Dr Myers has a Phd from Imperial College, London and joined BP as a geologist in 1987, eventually becoming senior commercial advisor at BP in 1996, leading negotiations for new business access for BP in Angola and in its strategic alliance with Statoil.
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10:15 Paul Markwick -
GETECH Ltd
The importance of integrating global tectonic settings, climatic evolution and palaeogeographic response in identifying the next exploration hotspots


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.
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10:50 Ed Collins - Oceania Team Leader, Neftex
Neftex
The Bight Basin: From Regional Context to Licence Block Evaluation


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Founded in 2001 Neftex has rapidly grown to become one of the largest geoscience consultancies in the world. We specialise in the collation, integration and interpretation of large geoscience datasets and the delivery of these as digital subsurface models.

We are recognised as the industry leaders in the provision of web-based sequence stratigraphic products and their global application. Our products and services provide a comprehensive picture of subsurface geology, helping to reduce play risk and increase value across multiple sectors. www.neftex.com
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11:25 Lunch & refreshments - Sponsored by Spectrum
12:00 Graham Mayhew - Executive Vice President of Africa Business Unit
Spectrum
Potential deepwater hotspots


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Graham has 30 years’ experience in the seismic industry, having previously worked for Western Geophysical, Cogniseis, Landmark and WesternGeco in various managerial roles. During the last 14 years Graham has been focusing his efforts on developing new ventures and the Multi-Client business in Africa for WesternGeco where his last role was Multi-Client manager for Europe and Africa. Graham’s current role at Spectrum – Executive Vice President of Africa Business Unit - is to further grow their presence in Africa.

Spectrum
The Spectrum Group of companies provides high-quality Multi-Client and expert Seismic Imaging from offices in four continents. These complementary product lines make it possible for the company to offer the oil and gas industry a full range of integrated seismic services.

In September 2011 the company completed the purchase of the Marine 2D Multi-Client library of CGGVeritas. Spectrum now holds the world's second-largest Multi-Client library of 2D marine seismic.
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12:35 James Buckley - New Ventures Geoscientist
CGG
Pre-salt exploration in the Santos Basin


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Talk Description.
The pre-salt Santos Basin exploded onto the international scene in 2005 with the drilling of the first well on the Tupi structure – now known as Lula . Costing in the region of $270m, this did not only represent a triumph of engineering; it was the biggest discovery in the Americas since Cantarell in Mexico, 1976. With this 6.5 billion barrel oilfield, and the Santos Basin’s pre-salt plays still having a lot more to offer, Brazil is certainly the focus of much attention on the international energy stage.

This presentation gives an overview of the exploration in the basin, before taking an in-depth look at the geological challenges associated with reservoir prediction in the pre-salt. Finally, we will look at what the future holds for the Santos Basin – are there more big fields waiting to be found?
James is a New Ventures Geoscientist in CGG's Multi-Client & New Ventures team.
He is 24 years old, and completed his MSc in Petroleum Geoscience from Royal Holloway in September 2012. Since graduating, he has been working as a New Ventures Geoscientist at CGG. His MSc independent project revolved around understanding carbonate facies distribution in the pre-salt of the Santos Basin – the aim is to take this research to the next level, providing an interesting insight into the future of this exciting exploration frontier.

CGG
CGG is a fully integrated Geoscience company providing leading geological, geophysical and reservoir capabilities to its broad base of customers primarily from the global oil and gas industry.
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13:10 Ivan Sandrea and David Bamford -
Oxford Institute for Energy Studies
Future onshore 'hotspots'


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Ivan Sandrea is a senior advisor to the Oxford Institute for Energy Studies and a global consultant.

Ivan’s previously served as President and COO for the Energy Intelligence Group (EIG) in London. Prior to joining EIG, Ivan was Vice President of Global Strategy and Business Development, and Vice President of International E&P Strategy for Statoil (4 yeas). During his career at Statoil he established world class units within the firm covering both business intelligence and strategy development (London and Oslo). Prior to his position at Statoil, he was Head of Oil Supply at the Organization of the Petroleum Exporting Countries (OPEC), and was responsible for the supply and oil balance sections of the OPEC Monthly Report and the supply section in the annual World Oil and Industry Outlook reporting directly to the Secretariat and the Economic Commission Board (Austria). At OPEC, Ivan also acted as the technical liaison with non-OPEC countries and represented OPEC at the UNECE Expert Group on Resource Classification in Geneva. Ivan is also familiar with the financial community and before working at OPEC was Associate Vice President for Oil & Gas Equities at Merrill Lynch. He is trained as a petroleum geologist and began his career at BP Exploration International where he worked in exploration, operations, and commercial positions in Venezuela, Norway and Egypt.

Ivan is currently active as a Senior Research Advisor at the Oxford Institute for Energy Studies (UK); member of the Oxford Energy Policy Club; co-founder, Board Member, and lecturer of strategy at the Executive Energy MBA program at Vienna’s Wirtschaftsuniversität (WU) in Austria; member of the UNECE Expert Group on Resource Classification (Geneva);Board Member of KleineHerzen (Austria), a non-profit organisation dedicated to supporting orphans children in Russia and Ukraine. He has published over 16 papers and contributed to a number of books and publications.

He was recently appointed as a trustee to the Energy Policy Research Foundation, Inc. (Washington, D.C.). EPRINC, a non-profit think tank established in 1944, provides research and analysis of contemporary petroleum issues.
Ivanholds a BSc. in geology from Baylor University, a MSc. and MBA from Edinburgh University and attended the BerkleyExecutive Leadership Program. He is married and has one son.

David Bamford is one of the founders of Finding Petroleum.

Oxford Institute for Energy Studies
The Oxford Institute for Energy Studies was founded in 1982 as an autonomous centre for advanced research into the social science areas of energy issues. The Institute is committed to the idea of dialogue - between consumers and producers, government and industry and academics and decision makers. This is reflected in the membership of the Institute and in the composition of its research team, which is drawn from different national, academic and professional backgrounds. Our aim is that co-operation between researchers from these varied backgrounds, will lead to a more informed and balanced understanding of the behaviour, motivations and objectives of the various economic forces, agents and policy makers that operate in or influence the performance of international energy markets.
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13:45 Raffle draw and tea & coffee

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