Emerging Deep Water Areas


Wednesday, May 26, 2010, London, The Geological Society

Deep Water Exploration success has underpinned global exploration discovery volumes since the mid-1990’s when results from the Gulf of Mexico began to be matched by those from the deep water parts of the Congo, Niger and Nile deltas and the Campos basin. From time to time, we began to think that perhaps there would be no more deep water provinces and then along came Ghana and the Santos basin! And of course the Gulf of Mexico continues to test ever deeper water, ever deeper targets and ever more ‘paradigm-breaking’ depositional systems.

But surely the end must now be in sight!

One of our Finding Petroleum number has, we recall, previously offered to drink all the oil that’s developed around the Falkland Islands and surely offshore Greenland is too remote, too hostile? And isn’t New Zealand a long way from anywhere? And are the Indian deeper water discoveries really as large as reported?

And if we are going to explore ever more remote deepwater regions, can we say anything about technologies that help us in meeting the challenge without losing our shirts in the process; can we reduce exploration risk, can we reduce the extraordinarily high cost of drilling?

Our Forum addressed these issues, recognising the potential of Greenland, the West Africa Transform Margin and its South American ‘conjugate’, deep waters off Indonesia and New Zealand, and showing off some of the technologies that will help screen and rank these opportunities, including seep detection & sampling, earth modelling, gravity gradiometry and electro-magnetics; we also looked an innovative, lower costs, drilling technology. Although our chairman was nervous – nobody stood up for the Falklands!

And of course there was a shadow in the room – will ongoing events in the Gulf of Mexico impact the industry’s ability to explore and develop these remote frontier regions?


9:00 Arrivals and Registrations


David Bamford - Director - Finding Petroleum

Welcome and 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.

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 and with an online social network of nearly 10,000 members.

Neil McMahon - Senior Analyst - Bernstein Research

Deep water E&P in a global context

Dr. McMahon joined Sanford C. Bernstein in 2002 as a senior research analyst covering the Global Integrated Oil Industry and the Refining Industry. He is currently top ranked in both the Institutional Investor All American Research Team and European investor surveys for energy research. Previously, he was a management consultant with McKinsey & Co, based in both Houston and London, where he had been since 1999. At McKinsey he mainly advised Petroleum and Electric Power and Natural Gas clients, and undertook proprietary research within their industry practices. Prior to McKinsey, Dr. McMahon worked in the oil industry as a Geoscientist with BP and British Gas before moving into management consulting with Arthur D. Little, where he became a Manager in their Global Energy Practice.

Dr. McMahon received an honours degree from The University of Edinburgh in Geology and Geophysics, where he later undertook further research to complete a BP sponsored Ph.D. Dr. McMahon has also published a number of technical and management oriented papers in leading oil and gas industry journals, and is on the advisory board of Durham University's Centre for Research into Earth Energy Systems (CeREES) and the Durham Energy Institute.

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.

Alan Williams - Oil & Gas Manager - Fugro NPA Ltd

Satellite Seep Detection of Leaking deep-water oilfields. Fact or Fiction?

Graduated back in the Jurassic era in Geology from Swansea and in Geochemistry from Leeds.

Over 40 years experience, 30 of them in the oil and gas industry.

Joined BP in 1979, initially to run the Geochemistry Review Group and latterly as the lead interpreter for BP’s high profile ALF Project. This culminated in him running a highly successful integrated seep detection project in the Gulf of Mexico – the Glass Clock Project – immediately after which he was made redundant in the Lord Bowne purge of 1992.

Since then has transitioned to the dark side as a contractor and has worked with a number of service companies including World Geoscience, NRSC (now Infoterra) and, saving the best for last, NPA (Nigel Press Associates) who were painlessly subsumed into the Fugro mother ship in April 2008.

Fugro NPA Ltd
Fugro NPA is the world leader in satellite interpretation for the oil and gas industry. Their services include GOSD, the Global Offshore Seep Database. An ArcGIS database containing over 11,000 interpreted SAR images. Onshore geological interpretation projects; combining imagery, DEMs, fracture analysis and 3D modelling. INSAR; ground subsidence studies of mature fields and monitoring of CCS sites.


Katherine Durtnell - - Landmark Exploration Insights

Predicting the presence of deep water reservoirs

Landmark Exploration Insights
Landmark Exploration Insights (formerly Neftex), is a product family within Landmark, a business line of Halliburton. We specialise in the collation, integrations and interpretation of large geoscience dataset and the delivery of these as subsurface models. We are recognised as industry leaders in the provision of web-based sequence stratigraphic products and their global application. Our integrated global geological database - the Neftex Earth Model delivers data, knowledge and insight to help our clients better understand geological risk in their exploration and investment activities.
11:30 Lunch, Coffee and Tea - Sponsored by Bernstein Research


Dr. Svein Ellingsrud - Founder & Vice President - EMGS

Exploration experience with CSEM in deep water areas

Dr. Svein Ellingsrud's Awards

2009 - "Honorary Award 2009" from the Geological Society of Norway for notable achievements in the development and applications of CSEM in petroleum exploration

2008 - "Geofysikkprisen 2008" from NPF (Norwegian Petroleum Society) The Norwegian Geophysical Prize.

2007 - Society of Exploration Geophysicsts: Virgil Kaufman Gold Medal for: "initiating the first substantial test of controlled-source electromagnetic (CSEM) for direct hydrocarbon indication. This pioneering work spawned a new service industry devoted to acquiring, processing, and modelling CSEM data for directly observing hydrocarbons by capitalizing on the resistivity contrast observed in selected hydrocarbon basins. The practice of utilizing CSEM data to lower drilling risk is quickly becoming standard practice in some plays and has been cited as possibly the most significant technology in oil exploration since 3D seismic."

EMGS is a Norwegian, leading market share Geophysical company focused on the acquisition, processing, inversion and interpretation of 3D marine controlled source electro-magnetic (CSEM) data. To date that they have acquired over 850 commercial surveys worldwide and have over 110,000 km sq of 3D multi-client data covering many of the world's petroleum basins. The company has developed methods and tools to enable clients to integrate CSEM data into existing seismic and other geophysical datasets. When applied systematically across a CSEM sensitive portfolio. The new information provided by CSEM has the effect of polarizing existing evaluations, making CSEM a valuable tool in exploration venture evaluation. EMGS work in frontier regions and mature basins, from the Arctic to southeast Asia, and from offices across the world.

John Siegfried - EVP Operations - ARKeX

Earth Modelling using Integrated Seismic and Gravity Gradiometry data – A case History from Gabon.

Talk Description.
This paper is co-authored by Jim Martin from CGG Veritas
John Siegfried joined ARKeX in 2006 and was the Chief Operating Officer and then CEO from 2010 until 2014. John has a BSc in Marine Science and has over 30 years’ of exploration industry experience. He has worked in all aspects of exploration including management positions as Country Manager for Western Geophysical, operational positions as Global Operations Manager for Western Geophysical and technical positions as Global Operations Support Manager for WesternGeco/Schlumberger.

ARKeX provides airborne and marine geophysical surveys for the oil & gas exploration industry. It specialises in Full Tensor Gravity Gradiometry (FTG), which measures variations in the earth''s gravitational field to help image subsurface structures. FTG has a much higher bandwidth and delivers a high resolution image than conventional gravity.

Tony Bamford - Technical Director - Geoprober Drilling

Transforming deepwater drilling

DOB 4-10-1950 St Austell, Cornwall

Graduated in Geology from Kingston University 1972

Joined Schlumberger worked in cementing, stimulation, well testing, directional drilling – N Africa, M East and Far East

Gulf Oil – Drilling & Production Engineering, Jakarta and Houston

OPITB Aberdeen – Manager: Drilling & Production Training Centre, Drilling Well Control & Blowout Prevention

Started Rigsim Ltd – Building drilling and production simulators

Halliburton – UK Sales Mgr, Project Manager: “Swift Riser” composite flexible riser

Started Geoprober Drilling Ltd in 2004 – Technical Director

Geoprober Drilling
Geoprober Drilling is developing a deepwater exploration drilling system deployed from a mono-hull vessel. Geoprober is designing, building & testing proprietary surface & subsea drilling technology. By combining this with casing drilling and coiled tubing drilling technology we are developing a complete slim “finder” well system including the surface handling equipment.

This will speed up operations, improve data acquisition options and reduce the environmental impact of exploration.

Geoprober Deepwater System was funded jointly by Chevron & Statoil.

The project is now exclusively funded by Statoil, who will deploy the first part of the system in 2011 in Norway using their subsea intervention BOP stack.

Sponsors of this event

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.

New Eyes Exploration
New Eyes Exploration, founded by David Bamford, explores new ways to discover Oil and Gas.

Opus Executive Partners
Opus Executive Partners is a specialist advisory firm serving the energy, mining and natural resources industries.

Opus Executive Partners act as a strategic advisor and provider of Board-level resourcing solutions to national and multi-national companies helping them overcome key business challenges by meeting critical leadership and governance needs.

Whether you are looking for advice, or to fill Board-level (Executive or Non-Executive) or Senior-level Management positions Opus can help you unlock new growth and value across your business.

Registered Delegates

Billy Brady
Senior Specialist
United Kingdom
gayle meikle
Managing Director
Frontier Communications
United Kingdom
Yasmin D'Este
Business Development Director
Petroleum Geo Services
United Kingdom
Will Rowley
Group Analyst
Acteon Group
Christopher Artell
North Africa Scout
Fugro Data Solutions Ltd
United Kingdom
David Bamford

Petromall Ltd
Paul Murphy
Key Account Manager, Oil and Gas Division
Airbus Defence and Space
United Kingdom
Alan Williams
Oil & Gas Manager
Fugro NPA
Tom Ziegler
VP Global MultiClient
United Kingdom
Dan Hughes
Key Account Manager, Oil & Gas Division
Airbus Defence and Space
Ceri Davies
Marketing Geologist
Fugro Robertson
David Pratt
New Ventures Manager
Mark Davies
Chief Scientist
Lisa Barnes
Marketing Geologist
Fugro Robertson
Adam Ma'anit
Research Associate
Kitty Hall
David Webber
Seismic Operations Supervisor
Anna Galkina
George Marchant
Senior Analyst
Astrium Infoterra
Alastair Woodrow
Gemini Oil & Gas Advisors LLP
Graham Woodcock
Senior Key Account Manager
Pole Star Space Applications ltd
Staff Geophysicist
Atlantic Petroleum
Nick Cameron
Geological Advisor
GeoInsight Limited
United Kingdom
Jerry Lunn
Group Information Manager
Premier Oil
United Kingdom
Peter Jackson
Bain & Company
United Kingdom
Martin Hodge
Business Development & Project Geophysicist
United Kingdom
Mark Sanders
Exploration NV Manager
Premier Oil
Vanessa Tattersall
Trainee Solicitor
Barlow Lyde & Gilbert LLP
Zyg Sarnowski
Business Developement
United Kingdom
Nigel Quinton
QX Energy Limited
United Kingdom
Andrew Harber
Consultant Acquisition Ceophysicist
Barnes Geophysical Services Ltd.
United Kingdom
Rafique Samdani
Business Development Manager
GeoPressure Technology
Josh King
RAB Capital
United Kingdom
Eduard Gismatullin
Bloomberg News
Tony Bamford
Technical Director
Geoprober Drilling Ltd
Robert Snashall
United Kingdom
Adrian Del Maestro
Director of Research
Booz & Company
United Kingdom
Mike French
EAME Business Development Manager
Geotrace Technologies
Keith Myers
Richmond Energy
Bryn Austin
Director & Geological/Geophysical Consultant
Brynterpretation Ltd
United Kingdom
Richard Higgs
Business Development Manager, Europe & Africa
Paul Board
Business Development Manager
Robertson (A CGG company)
United Kingdom
Matthew Lanstone
Financial investors
Capital Research Global Investors
United Kingdom
ramy saleem
Geophysicist- Seismic Interpreter
Great Sahara Petroleum Operating Company Ltd.
Robert Waterhouse
Rosha Resources Ltd
United Kingdom
Chris Atkinson

Renu Gupta
Managing Director
Gupta Energy Ltd
Breandan Murphy

RPS Energy
United Kingdom
Chris Matchette-Downes
MD & Owner
CaribX and MDOIL Limited
United Kingdom
Mike Simmons
Technology Fellow (Geosciences)
United Kingdom
James Penman
RPS Energy
Peter Bryant
Exploration Manager
Celtic Oil / SK
United Kingdom
Owen Morley
Exploration Analyst
Norrie Stanley
RPS Energy
United Kingdom
Robert Babak Madadi Howard
Centre For Global Strategic Analysis
United Kingdom
Zhaocong Zhou
United Kingdom
Sabrina Aslam
Dr Faouzi Khene
Kevin Phillips
Principle Basin Research Geologist
Ihs Markit
United Kingdom
John Harrington
RPS Energy
Johanne Syron
Commercial Advisor
Julio Gomez
Rachel Harding
RPS Energy
Will Gallacher
Technical Adviser
Phil Carpenter
Business Development Manager
Ikon Science
United Kingdom
John Packer
Project Coordinator
RPS Energy Limited
United Kingdom
Colin David
Business Development
United Kingdom
Liz McBriar
Business Development Manager
IndigoPool, Schlumberger
United Kingdom
Amanda Hyde
Consulting Manager
John Hall
Consultant geophysicist
United Kingdom
Ben Cooper
International SOS
david sneddon
Robert (Bob) Parker
Babis Kalenderidis
Business Development Director EAME
United Kingdom
Paul Maton
Sillimanite Consultants
United Kingdom
Angus MacAskill

Graham Smith
Jeffers Investment Management
Neil Ritson
Solo Oil
United Kingdom
Michael Curtis

Consultant Geophysicist
United Kingdom
Alan Jessop
Jessop & Associates
Sanjiv Venkatasamy
Lead Negotiator
United Kingdom
Peter Farrington
Consultant Geophysicist
United Kingdom
jonathan bedford
United Kingdom
Edward Blunt
Team Leader
Sterling Energy plc
Dan Kunkle
Count Geophysics
United Kingdom
Kevin Lawes
Seismic Design & Processing Consultant
KL Geophysics Ltd
United Kingdom
Idres Mohamed
Sudanese petroleum corportion
David Mirzai
Credit Suisse
Rajeev Madhavan
Oil & Gas Analyst
Lambert Energy Advisory Ltd
United Kingdom
Ron Daniel
Senior Geologist
Svenska Petroleum
United Kingdom
Rick Donoghue
United Kingdom
Arndt Peterhaensel
Lukoil Overseas
United Kingdom
Chris Anderson
Sales Director
United Kingdom
Barry Cowing
United Kingdom
David Dugdale
Manulife Asset Management
United Kingdom
Jeremy Berry
David Boote

DBConsulting Ltd
United Kingdom
Peter Doring
Managing Director
Mercers Offshore
United Kingdom
Stephen Pharez
Chief Geoscientist - Reservoir Solutions
United Kingdom
Mark Smith
Financial Controller
DBConsulting Ltd
Katherine Durtnell
Tim Gibbons
Business Development Manager
TGS Nopec
Thom Allen
Africa Analyst
Deloitte Petroleum Services
Ed Reed
Senior Editor
United Kingdom
John Sunderland
United Kingdom
Alex Elliott
Sub-Saharan Africa Analyst
Deloitte Petroleum Services
United Kingdom
Helen Turnell
Principal Consultant
NR Global Consulting Ltd
United Kingdom
Brian McBeth
Managing Partner
The Oxford Consultancy Group
United Kingdom
Humphrey Douglas
United Kingdom
Keith Nunn
Managing Director
Nunngeo Consulting Ltd
United Kingdom
Carrie Clarke
Company Administrator
Troika International Limited
Azam Butt
Director, Regional Marketing EMEAR
Tom Taylor
Fund Manager
Oldfield Partners
William Asaam

Tullow oil
Marcus Flint
Principal Consultant
John Simmons
ON Communication
United Kingdom
Pete Brooke-Monti
Recruitment Manager
Upstream Technical Consultants Ltd
Julian Dawson
Durler Consulting
Peter Dolan
advisor to the board of directors
ophir energy plc
United Kingdom
Alec Robinson
President & CEO
Valient Energy
United Kingdom
Paul Martin
Senior Consultant
EIC Risk Consulting
Brian Martin
Managing Partner
Opus Executive Partners
Julia Voyakina
Richard Rangeley
Managing Director
EIC Risk Consulting
Oxana Bristowe
Opus Executive Partners
United Kingdom
Alastair Bee

Westwood Global Energy
United Kingdom
Svein Ellingsrud
Founder & Vice President
Santosh Singh
Buisness Consultant
Palantir Economic Solution
Bryn Williams

Henry Ropner
Investment Manager
FF&P Private Equity
Felix Majou
UK Consulting Manager
Palantir Solutions
David Parkinson
Senior Managing Consultant
Wood Mackenzie
Karl Jeffery
Finding Petroleum
United Kingdom
Ismail Alwali Magzoub
Petrodar operating company
Hooman Farnejad
World Bank
United States
Adam Marmaras
Event Organiser
Finding Petroleum
United Kingdom
Ceema Namazie
Petrofac Energy Developments
United Kingdom
Ben Couzens
Seeking New Opportunities
United Kingdom
Alec Egan
Sponsorship Manager
Finding Petroleum