9:30
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David Bamford - Director - Finding Petroleum
Welcome & Introduction: followed by SESSION 1: Unconventionals
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.
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9:40
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Oswald Clint - Senior Analyst - Bernstein Research
OPEC vs Deep Water vs Permian Basin vs Mature Provinces
Dr Clint joined Sanford C. Bernstein in 2004 and was part of the Energy Team with Neil McMahon covering the Global Integrated Oil sector.
Currently he is the Senior Research Analyst covering the European E&P and Russian Oil & Gas sectors. The Bernstein Energy franchise has become well known due to both the provocative commentary on the commodities and oil stocks, as well as the innovative research that forms the core of their frequent publications. Previously, he worked as an accountant and consultant for KPMG covering energy, gas, and chemical sectors. Dr Clint received his PhD in Geophysics from University College London where he specialised in sub-surface rock physics and is also a Chartered Accountant.
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.
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10:15
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Neil McMahon - Managing Partner - Kimmeridge Energy
Lessons Learned from US unconventionals
Talk Description.
Dr. McMahon is Managing Partner of Kimmeridge Energy
He was formerly Director of Research at Kimmeridge Energy and is responsible for private investments, particularly outside the US, and for developing Kimmeridge’s geological research and screening capabilities. Prior to this role, Dr. McMahon was a Senior Equity Research Analyst for the Global Integrated Oils at Sanford C. Bernstein, where he was ranked 1st in the 2009 Institutional Investor Survey, for the third time. Dr. McMahon covered 18 of the largest integrated oils and refiners. He joined Sanford C. Bernstein in 2002.
Before joining Sanford C. Bernstein, Dr. McMahon was an Engagement Manager at McKinsey, 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 McKinsey’s industry practices. Prior to McKinsey, Dr. McMahon worked in the oil industry as a geoscientist with British Petroleum (BP) and British Gas (BG) before moving into consulting with Arthur D. Little where he became a manager in its Global Energy Practice.
Dr. McMahon received an honors degree from The University of Edinburgh in Geology and Geophysics where he later undertook further research to complete a BP sponsored Ph.D. in 1995. Dr. McMahon has also published a number of technical and management-oriented papers in leading oil and gas industry journals, and currently sits on the board of Durham University’s energy research group.
Kimmeridge Energy Founded in 2012, Kimmeridge Energy invests directly in unconventional oil and gas projects and assets, primarily in North America. The Kimmeridge team consists of investment professionals with deep industry relationships and an in-house operating team with considerable experience in geologic evaluation, land acquisition and engineering. Kimmeridge Energy maintains offices in New York City, Denver and London.
For more information about Kimmeridge Energy, please visit the Company's web site at www.kimmeridgeenergy.com.
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10:50
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Coffee & Tea; Exhibits
Talk Description.
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11:15
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John Weston - Technical Director - Ulysses Petroleum Management
What about Coal Bed Methane?
Talk Description.
Ulysses Petroleum Management
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11:50
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Ian Roche - Managing Director - Aurora Energy Resources Ltd
The case for UK shale
Talk Description.
In 1985, following an Earth Sciences degree at Oxford, Ian joined Amerada Hess Limited, as a geologist, working initially in the North Sea. He transferred to Hess' international business, in a new ventures role, in 1991. After joining OMV in Vienna in 1998, in a combined technical and commercial business development capacity, he successfully led the acquisition of Cultus Petroleum NL; the first international hostile takeover by an Austrian company. Ian returned to the UK in 2007 when he joined private equity firm EDP, where he put together the portfolio of onshore assets that now form the core of Aurora’s business.
Aurora Energy Resources Ltd
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12:25
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Tim Harper - Founder & Director - Geosphere Ltd
Adapting US fracturing technology to UK shale exploration
Talk Description.
Applying US hydraulic fracturing technology to UK shale exploration wells demands and encourages adaptations for both social and technical reasons. Exploration wells must not only test and hopefully demonstrate commercial potential but also provide reassurance to an uninformed and often misinformed public. In the UK, we have a far more concentrated population, usually better quality agricultural land and a greater challenge to gain the necessary social licence. In the eyes of many, including many politicians who have banned its use or plan to do so, hydrofracturing is viewed more as a bête noire, or worse, than a basic component of the petroleum engineer’s toolkit. Risk, real and perceived, and public inconvenience must be minimised. The present US technology is inefficient in that a minority of fracture stages produce the majority of a well’s production. Unproductive stages and unproductive fractures within clusters are not simply expensive and a source of unnecessary vehicle movements but may be actually detrimental to a well’s productivity. Empiricism has often masqueraded as design. Much greater quantities of materials are wasted than if the situation were reversed and the majority of fracture stages contributed to the flow. Reducing cost, minimising public inconvenience, gaining social acceptance and increasing well productivity go hand in hand.
The results of a stimulated exploration well must be extrapolated or interpolated to other areas of a licence. To maximise the value of an exploration well the results should contribute to, and accelerate, the exploration learning curve. Hydraulic fracturing is a fundamentally a mechanical process. At least two basic geomechanical requirements must be satisfied if the exploration of a licence is to be optimised. First, some understanding must be gained of the processes controlling the effectiveness of multistage fracturing at each well; second a licence-wide model of the distribution of stress and the relevant mechanical properties must be constructed and progressively refined. This implies a programme of data collection, balancing cost against immediate and future benefit.
In relation to well completion needs, this talk will concentrate on reservoir stress state with brief attention to reservoir rock properties. How and why each aspect of stress state affects well and completion planning will be discussed. The focus will be on less widely recognised but basic reservoir geomechanical realities, their constraints on fracturing operations and the justification for constructing licence-wide and local geomechanical reservoir models. A brief review of the basic data sources for building a geomechanical model of a licence prior to drilling and during an exploration programme in the UK, will be included, and what can be achieved for little cost.
After wellsite and seismic survey experience, Tim Harper worked for a US consultancy before joining BP to build a technical service capability in hydraulic fracturing. At this time, stimulation vessels were just entering the N. Sea, requiring changes to the traditional US approach to suit UK offshore operations. Achievements included major cost savings in field development and joint receipt of the Royal Academy of Engineering’s most prestigious prize for advances in hydraulic fracturing. This is the only occasion the award has been made for subsurface engineering. An invitation followed to give a Friday Evening Discourse at the Royal Institution, a memorable challenge. In addition to the completions technical service, he devised and managed a programme to limit the risk to wells drilling through active faults in Colombia and the risks to surface facilities. This included monitoring of microseismic activity during drilling and testing. With Geosphere, he has worked on diverse geomechanical aspects of typical drilling and completion problems. After assisting Cuadrilla to investigate a well-known instance of induced seismicity, he has mostly concentrated on the fracturing of unconventional reservoirs. Tim Harper obtained a PhD in engineering at Imperial College studying fluid flow in fractured rock after obtaining an MSc. in Structural geology and rock mechanics
Geosphere Ltd For more than 20 years, Geosphere Ltd. has provided geomechanical services to operators and other consultants. For the last five years we have worked mainly in the UK and developed procedures to describe geomechanical conditions prior to exploration drilling. Geosphere has also supported a programme of research, developing software to examine the interactions between numerous natural fractures and faults, and multiple hydraulically fractured wells subject to various stress states and fracturing histories.
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13:00
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Lunch & Exhibits, followed by SESSION 2: Marginal Fields
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13:35
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Nick Terrell - Chair - Exploration Task Force
Immature plays in a mature basin – The future of UK exploration
Nick is Chair of the UK Exploration Task Force (XTF), a joint industry and regulatory organisation comprising exploration leaders in the oil and gas and emerging carbon storage sectors. The XTF is one of several UK Task Forces within the UK North Sea Transition Forum, the tripartite body which provides senior government and industry leadership for the offshore oil and gas industry. Nick has c. 20 years of broad industry leadership experience in a range of upstream energy focused roles. He is co-founded of Carbon Catalyst, an independent company focused exclusively on reducing CO? emissions via Carbon Capture & Storage. He is also UK Country Manager for Finder Energy, an oil and gas exploration company based in Perth, Australia, and recent new entrant to the UK North Sea. Previously, he was Managing Director and co-founder of North Sea operator Azinor Catalyst, which he sold to Finder Energy in 2020. Prior to this he was Exploration Director at US independent Endeavour Energy, board member of OGUK and President of the PESGB. Nick has a MSc in Petroleum Geoscience from Imperial College London.
Exploration Task Force The Exploration Task Force's role is maintaining UKCS Exploration and Appraisal activity, making the most of the UK’s own energy resources in support of the transition towards a net zero carbon future and beyond.
It is one of 7 Task Forces:
The seven Task Forces are:
Asset Stewardship Task Force Decommissioning and Repurposing Taskforce Efficiency Task Force Exploration Task Force Supply Chain and Exports Task Force Technology Leadership Board Wells Task Force
The North Sea Transition Steering Group have oversight of the Task Forces, ensuring there is no duplication or gaps in the work being undertaken by the task forces and that task force activities support the OGA Strategy.
The North Sea Transition Forum (NSTF) is hosted and chaired by the Oil and Gas Authority (OGA) and is the tripartite body which provides senior government and industry leadership for the offshore oil and gas industry. It is attended by ministers and officials from both the UK and Scottish governments, trade unions, regulators and senior representatives from the upstream oil and gas industry.
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14:10
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Joshua May - Sales and Marketing Manager - PGS
Towed Streamer EM – Cost Effective Offshore Reserve Replacement in Europe
Talk Description. Oil companies in Europe are taking stock of the last few years and aiming to cost effectively improve reserve replacement. Towed Streamer EM can assist in reducing unnecessary expenditure by improving understanding of the subsurface prior to significant investment decisions being made. This talk will explore applications from near field exploration and prospect de-risking to improving understanding of hydrocarbon saturation within a discovery in order to optimise drill placement decisions for appraisal and production wells. Operational case studies and data examples will draw on acquisition and data integration experience in the UK and Norway
After four years working offshore for PGS Joshua joined a high tech start up to manage a project undertaking the design and manufacture of AUVs specified to deliver 4C sensors autonomously to the seafloor for use in hydrocarbon exploration. Returning to PGS after two years, Joshua spend three years in the Marine Contract Africa business unit before taking on his current position as Sales and Marketing Manager for PGS’ Towed Streamer Electromagnetic technology in 2014. Joshua holds a BSc in Marine Geography from Cardiff University
PGS PGS is a leading, international, marine geophysical company. Our business is technology driven and we provide a range of products and services including MultiClient data, as well as tailored acquisition, and imaging.
Our large, modern data library comprises ~850 000 sq. km 3D and ~670 000 km of 2D seismic data that targets areas of high prospectivity, where oil companies have potential to access acreage. Around 44% of the 3D data in our library and 60% of the 2D data have been acquired with multisensor GeoStreamer® technology. That proportion is growing.
PGS is the industry's most experienced provider of multisensor broadband data.
Worldwide, PGS operates three larger sales and imaging hubs in Europe and North America, and has local offices in 13 countries. The PGS headquarters is in Oslo, Norway and the PGS share is listed on the Oslo stock exchange (OSE: PGS).
PGS activities are organized into three business areas. .Sales & Imaging promotes and sells seismic services including tailored acquisition contracts, MultiClient library data, and imaging services .New Ventures designs and markets new MultiClient campaigns and manages strategic projects .Operations & Technology plans, manages and executes all our acquisition projects, and develops new technology solutions
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14:45
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Mark Enfield (PDF) & Rob Gill (Advisian) - - Kimmeridge Energy
Exploiting small discoveries and shale oil in the same place
Talk Description.
Kimmeridge Energy Founded in 2012, Kimmeridge Energy invests directly in unconventional oil and gas projects and assets, primarily in North America. The Kimmeridge team consists of investment professionals with deep industry relationships and an in-house operating team with considerable experience in geologic evaluation, land acquisition and engineering. Kimmeridge Energy maintains offices in New York City, Denver and London.
For more information about Kimmeridge Energy, please visit the Company's web site at www.kimmeridgeenergy.com.
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PGS is a leading, international, marine geophysical company. Our business is technology driven and we provide a range of products and services including MultiClient data, as well as tailored acquisition, and imaging.
Our large, modern data library comprises ~850 000 sq. km 3D and ~670 000 km of 2D seismic data that targets areas of high prospectivity, where oil companies have potential to access acreage. Around 44% of the 3D data in our library and 60% of the 2D data have been acquired with multisensor GeoStreamer® technology. That proportion is growing.
PGS is the industry's most experienced provider of multisensor broadband data.
Worldwide, PGS operates three larger sales and imaging hubs in Europe and North America, and has local offices in 13 countries. The PGS headquarters is in Oslo, Norway and the PGS share is listed on the Oslo stock exchange (OSE: PGS).
PGS activities are organized into three business areas.
.Sales & Imaging promotes and sells seismic services including tailored acquisition contracts, MultiClient library data, and imaging services .New Ventures designs and markets new MultiClient campaigns and manages strategic projects .Operations & Technology plans, manages and executes all our acquisition projects, and develops new technology solutions
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.
Rob Gill
Senior Advisor
Advisian
United Kingdom
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Naofumi Sakuyama
chief geoscientist
Idemitsu
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Kes Heffer
Director
Reservoir Dynamics Ltd
United Kingdom
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Alexander Estrin
Alesther Ltd.
United Kingdom
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Kevin Phillips
Principle Basin Research Geologist
Ihs Markit
United Kingdom
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Roger Doery
Retired
Retired
United Kingdom
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Geoffrey Boyd
Field Development Consultant
Antium FRONTFIELD
United Kingdom
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William Slade
Ikon Science
United Kingdom
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Steven McTiernan
Retired
United Kingdom
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David Craik
Consultant
Atlaslocal
United Kingdom
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Peter Dolan
Founding Non-Executive Director
Ikon Science Limited
United Kingdom
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Robert Snashall
Consultant
RGSConsult
United Kingdom
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Ian Roche
Managing Director
Aurora Energy Resources Ltd
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Martyn Millwood Hargrave
CEO
Ikon Science Ltd
United Kingdom
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Richard Walker
Geophysical Consultant
Richard Walker Geoscience Ltd
United Kingdom
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Henry Morris
Technical Director
Azinor Catalyst
United Kingdom
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Mark Robinson
Consultant
Independent
United Kingdom
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Patrick Taylor
Director
RISC (UK) Limited
United Kingdom
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Nick Terrell
Managing Director
Azinor Catalyst
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Neil Dyer
Independent
United Kingdom
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Brian Hepp
President
Rocky Mountain Limited
United Kingdom
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Joe M Boztas
Director/Interpreter
Boz Seismic Services
United Kingdom
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Manouchehr Takin
Independent consultant
United Kingdom
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Norrie Stanley
Consultant
RPS Energy
United Kingdom
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Ben Dewhirst
Commercial Analyst
bp
United Kingdom
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Mike Hibbert
Independent consultant
Independent consultant
United Kingdom
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Paul Strachowski
Seismic QC
RPS Energy
United Kingdom
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Barnaby Roome
senior geologist
BP
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jonathan bedford
Director
JXT
United Kingdom
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Miles Dyton
Schlumberger
United Kingdom
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Stefano Pugliese
Chrysaor
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Peter Allen
Consultant
Layla Resources
United Kingdom
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Diz Mackewn
Chief Technology Officer
Seacrest
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David Jackson
Consultant
Consultant
United Kingdom
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Neville Hall
Director/Consultant
Llahven Data Management & Compliance
United Kingdom
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David Webber
Seismic Operations Consultant
Seismic Operations Consultant
United Kingdom
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Micky Allen
consultant
consultant
United Kingdom
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Alan Smith
Director
Luchelan Limited
United Kingdom
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Mike Rego
Managing Director
Septima Energy Pte. Ltd.
United Kingdom
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raffaele bitonte
exploration -structural geologist
Consultant
Italy
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Nina Gray
Managing Director
Major, Lindsey & Africa
United Kingdom
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Christian Bukovics
Senior Independent Director
Sound Energy Plc
United Kingdom
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Colin Clarke
Geophysicist
Consulting Geoscience
United Kingdom
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David Bamford
Director
New Eyes Exploration Ltd
UK
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Glyn Roberts
Director
Spec Partners Ltd
United Kingdom
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Robert Ward
Advisor
Decision Frameworks
United Kingdom
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Mike King
Oil & Gas Manager
NPA Satellite Mapping
United Kingdom
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Vibhusha Raj Sharma
StrategicFit
United Kingdom
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Stephen Norman
Business Development Manager
DNV
United Kingdom
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Helen Turnell
Principal Consultant
NR Global Consulting Ltd
United Kingdom
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Brian McBeth
Managing Partner
The Oxford Consultancy Group
United Kingdom
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Ahron Peskin
Data Analyst
Drillinginfo
United Kingdom
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Stephen Birrell
Advisor
Ossian Energy Ltd
United Kingdom
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Richard Nolan
CEO
Tridevi Capital
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Dario Del Gaudio
Atlantic Margin Exploration Project Manager
ENI
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Mark Enfield
Managing Director
P.D.F. Limited (An EPI group company)
United Kingdom
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Sarah Al-jasseri
Business Development Manager
Tridevi Capital
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Fernando Botin
Exploration Team Leader
ENI
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Robert Parker
Consultant
Parker
United Kingdom
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Sid Shamnath
Managing Director
Tridevi Capital
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Boff Anderson
Snr. Land Operations Manager
EPI Group
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Tim Beal
Explorationist
PDF
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Mihiri Jayaweera Mihiri Jayaweera
Tridevi Capital
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Karl Jeffery
Editor
Finding Petroleum
United Kingdom
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Claudio Paleari
Petrotrace Geoscience
Norway
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Alex Dimitriou
Tridevi Capital
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Richard McIntyre
Sales Manager
Finding Petroleum
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Henry Dodwell
Consultant
PetroVannin
United Kingdom
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John Weston
Principal
Ulysses Petroleum Management
United Kingdom
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Avinga Pallangyo
Events Coordinator
Finding Petroleum
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Craig Jones
Sales Supervisor
PGS
United Kingdom
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Alastair Bee
Westwood Global Energy
United Kingdom
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Anne-Mette Cheese
Geology Advisor
Gassnova SF
United Kingdom
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Joshua May
Business Development - Africa
PGS
United Kingdom
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John Wood
Geoscientist
Wood Geoscience Limited
United Kingdom
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Tim Harper
Founder & Director
Geosphere Ltd
United Kingdom
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Frederic Yeterian
Director
Philax International (UK) Ltd
United Kingdom
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Helen Ricketts
Business Development Manager
Wood Group Kenny
United Kingdom
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Paul Harris
Director, European B2B Markets
Glacier Media Inc.
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Nigel Quinton
Consultant
QX Energy Limited
United Kingdom
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Gabriel Mynheer
Analyst
Wood Mackenzie
United Kingdom
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Alexander Chalke
Partner
Grosvenor Clive & Stokes
United Kingdom
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Josh King
Analyst
RAB Capital
United Kingdom
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Hugh Ebbutt
Associated Director
WSS Energy Consulting
United Kingdom
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Wally Jakubowicz
Managing Director
Hampton Data Services
United Kingdom
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Graham Dean
Director
Reach Coal Seam Gas Limited
United Kingdom
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