Mind the gap! Understanding future gas supply and demand

With Mike Simmons, Halliburton 0

Friday, January 31, 2025, Webinar, Online

For those working in exploration or on energy policy, it is useful to have an understanding of the evolution of gas supply and demand over coming decades, according to the best available projections.

We have analysed a variety of gas demand scenarios, ranging from those assuming a slow energy transition, to those assuming a rapid energy transition. These can be compared with decline curves of gas supply based on knowledge of current reserves. Those working in the industry may not be surprised to learn that simply relying on current reserves will lead to a gap - gas supply being unlikely to keep up with demand, even under rapid energy transition scenarios. However, the size of the gap and how quickly it will expand may be surprising.

Therefore, there will need to be renewed focus on improving production profiles from existing fields and new gas exploration, both near-field or frontier. At the same time production needs to be 'advantaged' - economically resilient and with low carbon footprint of exploitation.

How this challenge will be met will be subject of future webinars. This webinar will help you develop a better understanding of the current macroeconomic situation.

Mike Simmons is Technology Fellow for Geosciences and Energy Transition at Halliburton, and formerly worked with BP, Cambridge and Aberdeen Universities, and Neftex
Andy Davies is Chief Geoscience Advisor at Landmark with Halliburton and formerly worked for Neftex.

Agenda

13:00 Mike Simmons - Halliburton Technology Fellow for Geosciences - Halliburton My research interests encompass petroleum exploration workflows, especially integration with sequence stratigraphy; eustasy in the geological record; regional stratigraphy and petroleum geology, specifically the Middle East and Black Sea regions; applied biostratigraphy; and the history and future of geology. My career has spanned both industry and academia, working at BP, Aberdeen and Cambridge Universities, Neftex, and most recently Halliburton, where I am Technology Fellow for Geosciences and Exploration. I have a degree and PhD from the University of Plymouth and am a Visiting Professor at the University of London. Halliburton Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With nearly 70,000 employees in approximately 80 countries, the company serves the upstream oil and gas industry throughout the lifecycle of the reservoir - from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field.

Sponsors of this event

Registered Delegates

Mike Cooper MD 1st Subsurface United Kingdom	Graham Heard Exploration Director Horizon Energy Partners Limited United Kingdom	Richard Walker Geophysical Consultant Richard Walker Geoscience Ltd United Kingdom
Martin Cox Director ABerdeen Drilling Management Ltd United Kingdom	Aimee Whatling IGI Ltd United Kingdom	Denis MOUGENOT Chief Geophysicist - retired as consultant Sercel-retired France
William Petrie Director ADM	Vance Smith Product Line Director Newpark United States	Chris Wheaton Director Stifel United Kingdom
ALASDAIR DUNCAN DIRECTOR ALBA ENERGY Singapore	Keith Nunn Managing Director Nunngeo Consulting Ltd United Kingdom	Rosalie Constable Sustainability advisor sustain:able United Kingdom
David Boote DBConsulting Ltd United Kingdom	Sebastien Duc Group Geoscience Manager Perenco United Kingdom	Tunde Salami Tedros
Greg Coleman CEO Future Energy Partners United Kingdom	Carlo Buscaglia Subsurface Team Lead Petrofac United Kingdom	Richard Dawe professor emeritus uwi United Kingdom
Mateusz K?dzierski Regulatory Manager GASPOL S.A. Poland	Richard Herbert Director R Herbert Associates United Kingdom	Adrian Temple-Brown Researcher and Activist Wiltshire Climate Alliance United Kingdom
Robert Gales Chief Geoscientist Halliburton United States	Steven McTiernan Retired United Kingdom	ADRIANA MANTILLA-PIMIENTO Senior Advisor Xcalibur Smart Mapping Spain
Mike Simmons Technology Fellow (Geosciences) Halliburton/Neftex United Kingdom