Our March 16 London Forum presents exciting new technologies with promise to help revitalise mature fields and point the way to improving production. These include in-well automation tools; using fibre-optics in wells as listening devices; strengthening wellbores in older fields; figuring out which EOR technology will help on which of your wells, and a financial analyst’s view of profitability of EOR projects to date.
Introduction from conference chairman David Bamford: There is an old adage which runs "The best place to look for oil is in an oil field".
Forties Field in the North Sea is perhaps the best example of a mature field being kept going by innovative petrotechnical folk, armed with the right technologies.
When production from Forties commenced in 1975, it was predicted that the field would stop producing by the early 1990’s. In 1990, it was expected to be shut down by the year 2000. Yet now, over forty years since it was first discovered, the Forties Field is still producing, the recoverable reserves have increased by 35% since the start of production, even though the area of the field as defined by the oil-water contact has remained approximately the same. Plateau production of 500 Mbopd was reached in 1978, lasting until 1981, and progressively declining to 77 Mbopd in 1999. At this point the field had already produced 2.5 Bbo and still had nearly 60 producing wells. With production down to 35 Mbopd, BP sold the Forties field in 2003. It had been such an iconic field for UK North Sea exploration that some commentators likened this to ‘selling off the family silver’. The purchaser, Apache, initiated an intensive re-evaluation of the field and found a further 800 million barrels. By undertaking various efficiency measures and installing new equipment, it has brought new life to the field which is now producing 70 Mbopd and is expected to be still pumping oil for the next twenty years.
Broadly speaking, we can divide the technologies that can help other fields be similarly transformed into two, namely those to do with the reservoir and wells, and those to do with the top-sides:
Reservoir and Wells:
Themes include:
a) Recognising where there are reserves of undeveloped or unswept hydrocarbons - key technologies are reservoir monitoring (using 4D seismic/permanent seismic monitoring), production monitoring, reservoir simulation, history matching.
b) Mobilising these reserves towards the well bores - key technologies include fraccing, enhanced recovery mechanisms (WAG, water floods, CO2 floods etc).
c) Moving these mobile hydrocarbons into and along the well bores - completion, pumping and flow monitoring technologies are key.
Top-sides:
The broad themes are improving operational efficiency (including 'debottle-necking'), monitoring and improving operational integrity, safety and cost reduction.
The Digital Oil Field then provides an enabling framework in which these key technologies can be deployed for optimal efficiency and effectiveness - key technologies include automation and collaborative working environments.
This March 16th Forum is the first of a series that will focus on these themes.
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9:00
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Registration & Coffee and Tea
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9:30
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David Bamford - Director - Finding Petroleum
Welcome and Introduction
Talk Description.
Introduction
By David Bamford
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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Jorgen Hallundbaek - CEO - Welltec
Increasing the production rates
Mr. Hallundbæk founded Welltec in 1994 – materializing a vision that since has transformed the way the oil and gas sector operates by introducing technology which enhances the recovery rate and least lowers the environmental risk and impact compared to traditional technology.
With great success Mr. Hallundbæk has developed the business from a minor subcontractor into a direct contractor to the world’s leading oil and gas companies.
Mr. Hallundbæk still plays an active role in the development of new technology and has authored many SPE papers.
The environment is highly prioritized by Mr. Hallundbæk, which is why he from the start has designed all Welltec’s technologies around principles that safeguard the environment.
Mr. Hallundbæk holds an MSc in Engineering, Naval Architecture from the Technical University of Denmark.
Welltec
Welltec design and manufacture advanced technology for both onshore and offshore wells. Welltec's technology provides certainty of execution in the most extreme well environments including in, among others: deepwater, subsea, extended reach, high-yield, heavy oil and unconventional gas wells. Their unique services optimize oil and gas production while also furthering their clients' efforts to reduce environmental risks, fuel consumption and carbon footprints.
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10:15
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Doug Gibson - - Fotech Solutions Ltd
Listen to your Production: It is telling you something.
Fotech Solutions Ltd
Fotech provides distributed acoustic data to the energy and security sectors. Based in the UK, USA and Canada, the venture-capital-funded company brings together talents from the energy sector, academic research and information technology. With decades of expertise within these core industries, Fotech has managed to clearly identify primary markets for acoustic fibre technology and deliver a solution, known simply as Helios, for perimeter/pipeline security and oil&gas production monitoring.
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11:15
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Angus Lewis Smith - - Downhole Fluid Solutions Ltd
ROCKWELD: An auto-removable induced lost circulation/wellbore strengthening material for mature pressure-depleted reservoirs
Downhole Fluid Solutions Ltd
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11:50
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Maggie Thompson - Project Manager - RPS Energy
Developing the Maestro EOR Screening Methodology
Talk Description.
A systematic top-down EOR screening methodology has been developed, which can be used to investigate the performance of different displacement process and reservoir combinations. The methodology incorporates binary, analytical and simulation screening, based on mechanistic subsurface models.
At each stage of the screening, any clearly non-viable processes are eliminated. Thus effort can be focused on the most promising EOR processes using successively more detailed models.
This methodology provides an efficient framework for the selection and ranking of suitable candidate fields for a range of enhanced oil recovery processes, leading to the detailed analysis and implementation of the highest ranking process and reservoir combination.
This presentation will describe part of the methodology concentrating on the initial EOR screening stage.
RPS Energy
RPS Energy provides a range of technical, commercial and project management support services to the international energy industry, covering geoscience, engineering and HS&E, with offices around the world.
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12:25
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Oswald Clint - Senior Analyst - Bernstein Research
EOR economics: what works and what doesn't
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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13:05
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Lunch and Refreshments
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RPS Energy provides a range of technical, commercial and project management support services to the international energy industry, covering geoscience, engineering and HS&E, with offices around the world.
RPS Energy provides a range of technical, commercial and project management support services to the international energy industry, covering geoscience, engineering and HS&E, with offices around the world.
Billy Brady
Senior Specialist
3M UK
United Kingdom
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David Jenkins
Director
Hurricane Energy plc
United Kingdom
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Nataliya Yatsenko
Sales Executive
Reed Exhibitions Ltd
UK
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Tony Grindrod
Trustee
AAPG Europe
United States
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Kevin Chandler
Senior Product Manager - International Logs and Seismic
IHS
United Kingdom
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Kes Heffer
Director
Reservoir Dynamics Ltd
United Kingdom
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Juha Makinen
Director Financial Analysis & Modelling
Advanced Power UK
United Kingdom
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Adrian Heafford
Senior Geologist
IHS
United Kingdom
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Nick Bright
Retired
United Kingdom
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David Gladwell
Technical Director
AECOM
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Mark Diaz
Director
IHS Markit
United Kingdom
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Robert Snashall
Consultant
RGSConsult
United Kingdom
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DOUG EVANS
Staff Geophysicist
Atlantic Petroleum
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Marc Van Loo
Equity analyst
ING Investment Management
Netherlands
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Paul Board
Business Development Manager
Robertson (A CGG company)
United Kingdom
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Maria Suttle
Strategy Support
B9 Coal
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Bill Jack
Director
Jack Energy
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Robert Waterhouse
Director
Rosha Resources Ltd
United Kingdom
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Oswald Clint
Senior Analyst
Bernstein Research
United Kingdom
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jonathan bedford
Director
JXT
United Kingdom
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Maggie Thompson
Principal Engineering Advisor
RPS Energy
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Kieron Stopforth
Analyst
Bloomberg New Energy Finance
United Kingdom
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Fredrick Okaroh
Senior Account Manager
Kongsberg Oil & Gas Technologies
United Kingdom
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Peter Smith
Principal Advisor
RPS Energy
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OLIVER WHITFIELD
Buried Hill
United Kingdom
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Rajeev Madhavan
Oil & Gas Analyst
Lambert Energy Advisory Ltd
United Kingdom
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Dawn Murton
Events Manager
RPS Energy
United Kingdom
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Robert Babak Madadi Howard
CEO
Centre For Global Strategic Analysis
United Kingdom
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daan van laar
key account manager
Lios Technology
Netherlands
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Martin Smith
Business Development Manager - Operations
RPS Energy
United Kingdom
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Robert (Bob) Parker
Consultant
Consultant
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Tom Woolgar
Associate Director - Oil & Gas
Lloyds Bank Corporate Markets
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Samia Ahmed
Geologist
S A consultancy
United Kingdom
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Dan Kunkle
Director
Count Geophysics
United Kingdom
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David Egya
London South Bank University
United Kingdom
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Bill Senior
Consultant
Senior CCS Solutions Ltd
United Kingdom
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Thomas Rawles
NWE Data Team Leader
Deloitte Petroleum Services
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Shreyas Bordia
Executive Director
Morgan Stanley
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Forbes Mitchell
Senior Analyst
Simmons & Company International
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Jane Wheelwright
Technical Application Specialist
DGI
United Kingdom
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Adesubomi Ladejobi
Network Analyst
National Grid
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Neil Ritson
Chairman
Solo Oil
United Kingdom
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karl jeffery
Editor
Digital Energy Journal
United Kingdom
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Antony Benham
Business Development Manager
Nottingham Centre for Carbon Capture and Storage
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alan strudley
COO
stingray geophysical
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Angus Lewis-Smith
Director / Owner
Downhole Fluid Solutions Ltd
United Kingdom
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Helen Turnell
Principal Consultant
NR Global Consulting Ltd
United Kingdom
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Malcolm Pitman
Vice President
Tendeka
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Tom Cowley
Analyst
Energy Invest Group
United Kingdom
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Henry St Aubyn
Consultant
OTM Consulting
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Dmitry Vladimirskiy
BDM Russia
Tendeka
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Anna Weston
Knowledge transfer manager
Environmental Sustainability KTN
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Crispin Keanie
Associate Director
OTM Consulting
UK
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Sarah Hager
Conference Manager
Terrapinn
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Martin Riddle
Technical Manager
Envoi
United Kingdom
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Daniel McKeown
Associate
Perella Weinberg Partners
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Frank Eisenhower
Operations Manager
TGS
United Kingdom
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Paul Barrett
Managing Director
Europa Oil & Gas
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Simon Richards
Senior Facilities Engineer
Petrofac Energy Developments
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Guillaume Bouffard
Vice President, Business Development
The Oil Council
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Saeed Rehman
VP
Fibertronix AB
United Kingdom
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Tariq Shafiq
Managing Director
Petrolog & Associates
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Brian McBeth
Managing Partner
The Oxford Consultancy Group
United Kingdom
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Julie Chan
Finding Petroleum
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David Bamford
Petromall Ltd
United Kingdom
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Jill Lewis
Managing Director
Troika International Ltd
United Kingdom
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Adam Marmaras
Event Organiser
Finding Petroleum
United Kingdom
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John Clure
Managing Director
Phoenix Hydrocarbon Resources Ltd
United Kingdom
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David Steen
Director
UOP NV
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Douglas Gibson
CEO
Fotech Solutions
United Kingdom
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William Wilson
Account Manager
Presearch Ltd
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Jørgen Hallundbaek
Founder and CEO
Welltec
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gayle meikle
Managing Director
Frontier Communications
United Kingdom
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Jacqueline Manville
Private Investor
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Hooman Farnejad
Consultant
World Bank
United States
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Lisa Barnes
Marketing Geologist
Fugro Robertson
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David Hanstock
Commercial Director
Progressive Energy
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Walter Guzman
Civil Engineer
WPGC
United Kingdom
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Alexander Chalke
Partner
Grosvenor Clive & Stokes
United Kingdom
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J Michael Austell
Director, Project Development
Progressive Energy Limited
United Kingdom
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Steve Esau
Analyst
Xynteo
United Kingdom
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Syed Abedi
Technical Director
Gulf of Guinea Energy Ltd
U
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Josh King
Analyst
RAB Capital
United Kingdom
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Syed M.H. Abedi
Managing Director
Zawiyah Assicates Ltd
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Renu Gupta
Managing Director
Gupta Energy Ltd
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Rex Gaisford
CEO
RCM Consulting
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