Cost Reduction in This Era

What are oil companies doing - and how might it impact you? 0

Friday, June 5, 2015, London, The Geological Society

Our event on June 5 was a half day of expertise sharing and discussion about where the oil and gas industry is going in the current oil price environment - and new ideas for improving your business and personal viability.

Introduction from conference chairman David Bamford

Can we get Costs (way) down? Is it time for CRITE (Cost Reduction In This Era)?

Are there new, better cost/barrel, development technologies?
Can Standardisation deliver 10’s of % cost reduction?
What about Automation/Remote Control?
and is it time for a more outsourced work force?

Is this the way to re-charge Mature Provinces, for example the UKCS; NOCS; much of South East Asia?

Agenda

9:30

Welcome & Introduction: followed by SESSION 1: The Context

9:50

Rex Gaisford - Director - RCM Consulting Ltd

What can we learn from CRINE?

Dr Rex Gaisford is a former director and executive VP of American independent oil company Hess Oil, where he initiated, planned and ran major multi-billion dollar development & production operations for Hess and partner oil majors world-wide, including in Denmark, Norway and Brazil. He also ran the first FPSO project in the UK continental shelf.

During the last 7 years he has been active in the carbon capture and storage business associated with enhanced oil recovery (CO2-EOR).

He initiated founded and chaired the CRINE initiative in 1991 which resulted in a reduction in development costs across UKCS by around 40% in the first year alone.

RCM Consulting Ltd

10:05

Stuart Amor - - Future Energy Partners Ltd

Where do we think oil prices are going?

Stuart has worked at both bulge bracket and regional European investment banks (Credit Suisse, ING and Unicredit). He has followed the global oil and gas sector since graduating from business school over 15 years ago, covering all types of oil and gas companies (including the European majors, Russian oil and gas companies and junior names). Stuart has written the research for several oil and gas equity raisings and was Credit Suisse’s lead analyst in both LUKoil’s and Gazprom’s IPOs in Russia. As Head of Equity Research at ING, he has overseen the research of more than a dozen other transactions.

Future Energy Partners Ltd
Future Energy Partners (FEP) 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.

FEP was founded by 4 senior industry 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 a transforming, transitioning, industry, in order to maintain an energy supply 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

FEP actively participates in the facilitation and conduct of seminars and webinars worldwide, for example in conjunction with its associate partner Finding Petroleum.

Our presence reaches parts of the globe, such as: the UK, the USA, Sub-Saharan Africa, with partners wherever we work.

10:40

Coffee & Tea; Exhibits followed by SESSION 2: Where are the opportunities?

11:10

Simon Bates - Project Advisor and Manager - The DDC Group

“Knowledge Process Outsourcing (KPO)”

Talk Description.
“Who Else Wants A Flexible Graduate Resource, On Tap When Needed?”

Simon will offer a true story of a well-known upstream services company, who adopted KPO as a service around bit run data, with guaranteed business benefits and reduced process costs. He will describe an outsourcing journey, explaining how KPO adoption is successfully achieved in six proven steps. And, answer the question “Why outsource?”

Simon guides clients and colleagues towards successful Knowledge Process Outsourcing services provided by The DDC Group. DDC is a BPO specialist helping businesses across numerous disciplines improve access to the data they rely on through large-scale, bespoke document and data conversions. Simon’s former employers include Lason and Saztec (R.I.P.). He has 25 years' experience working with the wonderful people of the Philippines.

The DDC Group
Business Process Outsourcing (BPO) began as the separation of back office processes, such as bill entry, document imaging, data processing and database management, from companies and assigning those activities to highly skilled, specialized direct data capture teams. Today, BPO is a strategic decision to empower an organization's operational structure, adding significant value to the back office, deeming it a key player for the future of the overall health and success of the business.

BPO experts at The DDC Group are craftsmen at selecting, tailoring and combining specific services from our list of back office capabilities custom-design solutions that guarantee effective, immediate results that exceed the expectations for all of our clientele, regardless of industry, organizational structure, location or language.

Most BPO vendors use primitive imaging components to scan and organize documents to then be placed before an entry operator, but this only increases reliance on the manual key routine most back offices are hoping to eradicate.
The DDC Group is re-inventing OCR and its associated services.

We leverage intelligent scanning, capture, hosting and validation technologies that go beyond elementary processing by removing manual data entry from the equation entirely. By combining the newest innovations on the market with our decades of experience and global reach, we equip you with strategic, knowledge-intensive solutions that deliver long-term health and profitability for the future of your organization.

11:50

Mark Enfield - Managing Director - PDF

The Outsourced Exploration Department (OExD)

Talk Description.
Mark will discuss how PDF has built an innovative Outsourced Exploration Department® (OExD®) model that provides strategic partnerships with oil/gas exploration companies to help them expand or develop through transformative events, building upon a solid foundation of geoscience expertise. These strategic partnerships are an outsourcing of the core exploration function of smaller and growing exploration companies under an innovative outsourcing contract model. Outsourcing exploration is a ‘third way’ in resourcing the exploration companies’ technical and project management requirements – and varies in significant aspects from the more traditional models of building a team of in-house staff or relying on hiring consultants. He will discuss how the Outsourced Exploration Department® approach brings significant benefits and provides growing companies with a ready-made, scalable and full spectrum exploration department that allows capacity to drive growth. He will show how the OExD® approach brings not just cost-effectiveness, but also fully integrated and focused technical expertise and the best aspects of exploration management, flexibility to scale resource allocation in line with evolving corporate needs and a highly loyal and aligned team that through the long-term nature of the OExD® relationship safeguards corporate memory and data.
Mark is Managing Director of P.D.F. Limited, a successful exploration consultancy with a >20 year track record in helping E&P companies succeed in exploration, operations, new ventures and corporate development. PDF are currently highly active in Africa and Central/Eastern Europe.

Mark is an experienced explorationist and has a PhD in structural geology from Imperial College, London, UK. He started in the oil industry with Maxus Energy, firstly in London and then in Dallas, Texas where he worked on global New Ventures, exploration & operations and development projects. Mark founded PDF as an exploration consultancy in 1994 and since then has worked extensively on projects in Africa, Central & Eastern Europe, the North Sea, Indian sub-continent, Madagascar, South American fold thrust belts and the near East, as well as ‘unconventional’ projects in several continents.

Mark is also proud to be a PESGB Young Professionals mentor.

PDF
PDF is based in South Oxfordshire, UK and is organised as a full spectrum exploration department, assisting its clients with their exploration / operatorship / new ventures / portfolio management and corporate development needs. PDF has a twin-track approach, operating as the Outsourced Exploration Department® (OExD®) under strategic partnership agreements for particular companies and also working on specific specialist projects for clients in a more traditional consultancy role - especially in areas of its particular specialisations: regional assessments, play fairway analysis, fold-thrust belt exploration / interpretation of tectonically complex areas & difficult data sets, sequence stratigraphy & sedimentology, thermal maturity & charge modelling and assessment of continuous resource plays.

12:25

Deidre ODonnell - Managing Director & Founder - Working Smart

Oil & Gas Careers - the state of play

Working Smart
Working Smart is a Global Oil and Gas Recruitment Agency servicing the Upstream Industry exclusively since 1996.

This Independent Company founded by an Oil and Gas professional, was the first to provide web-based recruitment services to the Upstream Oil and Gas Industry.

As the name suggests, the focus of the Company is to provide 'smart' recruitment services to both our Clients and Jobseekers that accelerates the recruitment process for both parties. Although we use proprietary advanced technologies for screening, matching, marketing and communications, we are very much a 'People Company'. All our recruiters have Geoscience or Petroleum academic backgrounds and Managing Team have all been in the Industry for excess of 20 years.

13:00

Lunch & Exhibits

Sponsors of this event

The DDC Group
Business Process Outsourcing (BPO) began as the separation of back office processes, such as bill entry, document imaging, data processing and database management, from companies and assigning those activities to highly skilled, specialized direct data capture teams. Today, BPO is a strategic decision to empower an organization's operational structure, adding significant value to the back office, deeming it a key player for the future of the overall health and success of the business.

BPO experts at The DDC Group are craftsmen at selecting, tailoring and combining specific services from our list of back office capabilities custom-design solutions that guarantee effective, immediate results that exceed the expectations for all of our clientele, regardless of industry, organizational structure, location or language.

Most BPO vendors use primitive imaging components to scan and organize documents to then be placed before an entry operator, but this only increases reliance on the manual key routine most back offices are hoping to eradicate.
The DDC Group is re-inventing OCR and its associated services.

We leverage intelligent scanning, capture, hosting and validation technologies that go beyond elementary processing by removing manual data entry from the equation entirely. By combining the newest innovations on the market with our decades of experience and global reach, we equip you with strategic, knowledge-intensive solutions that deliver long-term health and profitability for the future of your organization.

Bernstein Research
Sanford C. Bernstein is widely recognized as Wall Street's premier sell-side research firm. Their research is sought out by leading investment managers around the world, and they are annually ranked at the very top of acknowledged arbiters. In independent surveys of major institutional clients, Bernstein's research is ranked #1 for overall quality, industry knowledge, most trusted, best detailed financial analysis, major company studies, most useful valuation frameworks, best original research, and most willing to challenge management. In Institutional Investor's 2008 annual client survey, the leading survey by which analysts in our industry are evaluated, 100% of our U.S. Analysts were recognized as among the best in their respective fields -- more than any other firm on Wall Street.

PDF
PDF is based in South Oxfordshire, UK and is organised as a full spectrum exploration department, assisting its clients with their exploration / operatorship / new ventures / portfolio management and corporate development needs. PDF has a twin-track approach, operating as the Outsourced Exploration Department® (OExD®) under strategic partnership agreements for particular companies and also working on specific specialist projects for clients in a more traditional consultancy role - especially in areas of its particular specialisations: regional assessments, play fairway analysis, fold-thrust belt exploration / interpretation of tectonically complex areas & difficult data sets, sequence stratigraphy & sedimentology, thermal maturity & charge modelling and assessment of continuous resource plays.

Registered Delegates

Stuart Amor Analyst United Kingdom	Panas Kalliantas DEJ	Richard McIntyre don't use Sales Manager N/A United Kingdom
Ronald Doherty Consulting Director Advisian United Kingdom	Panas Kalliantas DEJ	Ed Evans MD NDB Ltd United Kingdom
Ronald Doherty Consulting Director Advisian United Kingdom	Esther Hayes Solutions Director EnergySys Limited	David Bamford Director New Eyes Exploration Ltd UK
Chris Beech Business Development Manager - Capital Projects Amec Foster Wheeler United Kingdom	Nicholas Daly Managing Director Eutelsat UK Limited	Ramesh Shukla Shareholder of exploration companies None United Kingdom
Derry Vaughan Autodesk Ireland	Karl Jeffery Editor Finding Petroleum / Digital Energy Journal United Kingdom	Riley Smith Group Manager OPC
Dominic Thasarathar Strategic Industry Relations Autodesk United Kingdom	salar Golestanian Managing Director Finity Asset United Kingdom	Mark Enfield Managing Director P.D.F. Limited (An EPI group company) United Kingdom
Andrew Gilmore Head of Business Development - Oil & Gas Babcock Energy & Marine Services United Kingdom	Paul Bannister Vice President A&D FirstEnergy United Kingdom	Mark Enfield Managing Director P.D.F. Limited (An EPI group company) United Kingdom
Lili Chahbazi Bain 7 Co United Kingdom	Greg Coleman CEO Future Energy Partners United Kingdom	Robert Parker Consultant Parker United Kingdom
Simon Berkeley Director Berkeley Associates United Kingdom	Simon Cushing Research Director Gartner United Kingdom	Jonathan Popper Vice President Business Development Petrofac Integrated Energy Services United Kingdom
Mark Bexon director Bexon Search & Service United Kingdom	Alexandra Kenna Managing Director GEOSERVE Limited United Kingdom	David Bamford Petromall Ltd
Philipp Chladek Analyst Bloomberg Research United Kingdom	Duncan Clarke Chairman of the Board Global Pacific & Partners	Rex Gaisford CEO RCM Consulting
holly mcdonald Category Manager - Seabed and Marine Seismic BP Exploration Operating Co. Ltd United Kingdom	Alexander Chalke Partner Grosvenor Clive & Stokes United Kingdom	Robert Waterhouse Director Rosha Resources Ltd United Kingdom
Nick Wayth VP Competitor Intelligence BP plc United Kingdom	Wally Jakubowicz Managing Director Hampton Data Services United Kingdom	Ian Hutchinson Advisor – Geodynamics and Tectonics. Business Development (Exploration) Sasol Petroleum International United Kingdom
Emeka Anosike Share Dealer Capita Share Dealing	David Harper Principal Consultant Harper Associates United Kingdom	Paul Day Director / Consultant SCGIS Ltd. United Kingdom
Jocleyn Lomer Managing Director cereno United Kingdom	Bill Green Account Director Hermes Datacomms United Kingdom	Mike Rego Managing Director Septima Energy Pte. Ltd. United Kingdom
Sean Barber Business Development Manager Cereno United Kingdom	Bani Norouzian Business Development Manager-IHS Energy IHS Global United Kingdom	Stephen Ward Head of VMM O&G Siemens PLC United Kingdom
Mustafa Elsherif Senior Client Advice Manager CGG United Kingdom	Paul D 'Arcy Independant Consultant United Kingdom	Philip Leijten Director Soka Solutions United Kingdom
Clare Baldock Sales and Marketing Manager CGG United Kingdom	anis chaghal Senior Principal - EMEA E&P Lead Infosys France	Christian Bukovics Senior Independent Director Sound Energy Plc United Kingdom
Sean Waddingham Data Library CGGVeritas United Kingdom	Katerina Gunningham Partner Iskra Consulting Ltd United Kingdom	Tony Edwards CEO Stepchange Global United Kingdom
Chris Gumm Business Development CGX United Kingdom	Paul Warwick Account Director ISN Solutions United Kingdom	Chris Jones Senior Consultant StrategicFit United Kingdom
Micky Allen consultant consultant United Kingdom	Ian Dring Business Development Manager Jackson Oil & Gas	ROSEMARY JOHNSON SABINE VP Exploration TETHYS PETROLEUM United Kingdom
Christopher Roberts Principal consultant United Kingdom	Ravi Chandran Director Kalki Consultants Limited United Kingdom	John Bridgeman Research Analyst The EIC United Kingdom
Mohsen Daneshkhah Managing Director & Chairman Dana Geophysics Co. Iran	Peter Allen Consultant Layla Resources United Kingdom	Brian McBeth Managing Partner The Oxford Consultancy Group United Kingdom
SIMON BATES PROJECT ADVISOR AND MANAGER DDC United Kingdom	James Pope +44 20 7438 4744 LR Senergy United Kingdom	Hugh Ebbutt Associated Director WSS Energy Consulting United Kingdom
Bob Tyler Director of Business Development DDC FPO	Brian McCleery Director M2C Energy Advisers United Kingdom	Steve Esau Analyst Xynteo United Kingdom