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Investing in North Sea projects and technology


Innovations, please!
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FEATURED SPEAKERS
Steve Brown
» CEO
» Pharis Energy Ltd
David Bamford
» Director
» PetroMall Ltd

Full Agenda

Wednesday, January 13, 2021
London
The Geological Society

Please note - this event is being postponed from March 23rd to January - Jan 13 is provisonal date only




Our March 23, 2020 event, "investing in North Sea projects and technology", reviews investment and technology development opportunities in the North Sea, as we move to a zero CO2 era.

Mike Lakin, managing director of ENVOI Ltd, an oil and gas acquisition and divestment advisor, will give a round up of North Sea projects from his perspective. Where the interest currently is for buying fields in the North Sea, which fields may offer good investor prospects, and what companies are currently looking to sell.

Jonathan Bedford, founder of CCMA, will show how it is possible to find useful insights from regulatory filings on the Alternative Investment Market (AIM), including how much the company executives are paid and whether it is reasonable.

Steve Brown, CEO of Pharis Energy, will talk about how his project is evolving to develop heavier oil production from the Pilot field and around it, and why the company moved from a plan to produce using steam flood to polymer flood, and how the CO2 picture works.

Paul Cleverley, founder of Infoscience Technologies, will present a new technique to use oil and gas document analysis in exploration, looking for combinatorial patterns across documents, rather than just looking within individual sentences.

David Bamford, director of Finding Petroleum and Petromall, will present a number of subsurface technical problems which need innovation, particularly in seismic technology, and why it is proving hard to see this innovation.

Karl Jeffery, editor of Digital Energy Journal, will explain how the oil and gas industry fits into the current Committee for Climate Change "net zero by 2050" plans for the North Sea, providing gas (with CCS) as a back-up to wind power, and hydrogen for energy applications not suited to electricity. Delivering this will require well positioned policy levers, accurate predictions, well made investment choices and maintaining reliable operations. This all requires complex decision making and the best possible situation awareness and training for the decision makers. We can start thinking now about what digital technology will best support this.

Note this event follows our March 2017 event "Finding & Exploiting new petroleum resources in Europe"

You can see the full report from the event, including attendee list, by clicking on the cover below

Agenda

 
9:30 Karl Jeffery - editor
Finding Petroleum

Welcome & Digital technology opportunities around "net zero"


Talk Description
The current Committee for Climate Change "net zero by 2050" technical plans for the North Sea involves providing gas (with CCS) as a back-up to wind power, and hydrogen for energy applications not suited to electricity.

Delivering this will require well positioned policy levers, accurate predictions, well made investment choices and maintaining reliable operations. This all requires complex decision making and the best possible situation awareness and training for the decision makes. We can start thinking now about what digital technology will best support this.
Karl Jeffery is editor and co-founder of Digital Energy Journal, and conference producer of Finding Petroleum. He is also publisher of Carbon Capture Journal and Tanker Operator, and co-founder of Digital Ship, a publishing and events company covering digital technology for the deep sea maritime industry. He has a BEng in chemical engineering from Nottingham University

Finding Petroleum
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 Mike Lakin - Managing Director
ENVOI Limited

Projects in the North Sea


A geology graduate from Cardiff University, Mike worked initially for independent oil and gas companies with operations in the UK, Europe and West Africa. In 1989 he joined Petresearch as a geologist, specialising in the marketing of international third-party projects. Mike went on to become the company’s General Manager, until leaving to establish Envoi at the end of 1999.

ENVOI Limited
Envoi specialises in upstream acquisition and divestment (A&D), portfolio advice and project marketi
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10:15 Steve Brown - CEO
Pharis Energy Ltd
Pharis Energy: From Steam to Polymer

Talk Description
Pharis Energy Ltd was founded as The Steam Oil Production Company Ltd in early 2014 to apply for a licence covering the Pilot discovery. Since then Pharis has added two further licences covering the Blakeney, Elke, Narwhal, Dandy, Feugh and Crinan discoveries. Pharis initiated the Concept Select process in September 2019 and has selected polymer flooding as the preferred development strategy for the viscous oil present on its licences. Pilot can produce 80 mmbbls, whilst the remaining discoveries could add a further 90 mmbbls to overall recovery from the area.
   
Steve Brown is a founder and the CEO of Pharis Energy, formerly The Steam Oil Production Company Ltd.
He is a petroleum engineer with over thirty years of experience. He has a degree in Chemical Engineering from Peterhouse, Cambridge and started his career as a petrophysicist with BP. At BP he worked on Forties Bravo and the development of Harding and Andrew as well as in BP's corporate planning department. He has also worked for Halliburton and Petrofac as well as founding Challenge Energy, Exile Resources and Setanta Energy.

Pharis Energy Ltd
Pharis Energy Ltd was founded as The Steam Oil Production Company Ltd in early 2014 to apply for a l
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10:50 Coffee & Tea
11:15 Jonathan Bedford -
CCMA

Finding 'pearls' in AIM company data (Title TBC)


Jonathan Bedford is a consultant specialising in oilfield service business development, corporate strategy, technology valuation and commercialisation

Currently focused on developing data driven junior markets E&P market valuation and performance service.

Prior to this - supported Hannon Westwood in its sale to Private Equity, then led the initial "buy and build" process as well as analysing UK N Sea existing discoveries future potential.

Built and led team to manage sub surface and operations for AIM listed and private E&P company.

Advised on the potential and commercialisation of technologies including seismic sources, downhole pumps, gravity gradiometry, hydrodynamic cavitation based EOR tech.

He is a former VP with Simmons & Company, and a domain champion at Schlumberger Wireline

CCMA

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11:50 Paul Cleverley - founder
Infoscience Technologies Ltd

Text Mining Exploration Geoscience Literature: A 'DNA Profiling' data science technique to surface exploration opportunities and leads


Talk Description
Most of the published literature on text mining in exploration geoscience focuses on extraction of data or concepts typically in the sentence or document 'container'. There are no known approaches that look for combinatorial patterns within and across documents, that may indicate an opportunity (such as a hydrocarbon play, lead or idea). A 'DNA profiling' inspired data science technique combining machine learning and natural language processing will be presented. These techniques may facilitate data driven ideation for the geoscientist and stimulate a line of thought that would not have otherwise occurred had it not been for the algorithm.
Paul is a Geoscientist and Computer Scientist who has worked on search deployments in organizations for the past three decades. He is founder of Tech Start-up Infoscience Technologies Ltd based in Oxford, that licenses exploration geoscience text mining algorithms. He is also on the Board of the non-profit GeoscienceWorld based in Washington DC and is Visiting Professor of Information Science & Technology at Robert Gordon University in Aberdeen. He has published numerous academic peer reviewed papers on enterprise search and text analytics in business. Links and further research found at:
https://infosciencetechnologies.com/
Blog: https://paulhcleverley.com/

Infoscience Technologies Ltd

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12:25 David Bamford - Director
PetroMall Ltd
W(h)ither Innovation in Seismic Technology?

Watch Video   
Talk Description
If the twin UKCS scenarios of Maximising Economic Recovery and Vision 2035 are to be realised, hopefully stabilising or even increasing UKCS production, and thereby contributing to UK taxes and UK pensions (via dividends) there are a number of subsurface technical problems that need Innovation, especially in seismic technology. I will outline 3 or 4 of these problems in this talk.

Unfortunately, it is hard to see such Innovations coming along; I will explain why I think this is!
   
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 Ltd
Petromall is a unique oil and gas advisory service which prides itself on technical excellence in se
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13:00 Lunch

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FEATURED VIDEO

“Pressure regimes in Deep Water areas: Cost and exploration significance”
by Richard Swarbrick from Ikon Science


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