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9:00
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Arrivals and Registration. Tea & Coffee
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9:30
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Greg Coleman - - Future Energy Partners Ltd
Welcome & Introduction
Greg has over 40 years experience in the oil and gas industry including over 30 years experience with BP plc following which he served as CEO of a private equity backed company he co-founded called Canamens and subsequently as CEO of a listed company on the London Stock Exchange called Independent Resources plc subsequently refinanced and renamed now called Echo Energy plc.
At BP, Greg served as Business Leader for BP Norway, Head of Investor Relations and finally as group Vice President for Health, Safety, Security and Environment at global remit before retiring in 2006.
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.
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9:40
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Oswald Clint - Senior Analyst - Bernstein Research
UKCS and NOCS field declines - the realities!
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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David Bamford - - New Eyes Exploration
Costs are killing the North Sea!
Talk Description. I'm not sure I should take issue with a knight of the realm but I do believe Sir Ian Wood's interim review* of Maximising Economic Recovery in the UKCS is insufficiently focused on COSTS.
Three factoids which I will develop more fully elsewhere:
1. Specific development projects, for example Rosebank (West of Shetland; Chevron) and Bressay (Northern North Sea; Statoil) are being cancelled or delayed because heavy costs are making them uneconomic.
2. IPA's project benchmarking data base shows that cost over-runs, delays and production shortfalls are unnervingly common.
3. Specifically, three Norwegian projects (Skarv, Valhalla redevelopment and Yme) have over-run by NOK42bn in total.
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.
New Eyes Exploration New Eyes Exploration, founded by David Bamford, explores new ways to discover Oil and Gas.
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11:15
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Anders Wittemann - Associate Partner 1Derrick - 1Derrick
Trends and outlook for Northwest Europe offshore exploration licensing, drilling and farm-out activity
Talk Description. The presentation will include statistics on past and future activity, results and trends related to licensing, exploration, and M&A activity in the Offshore Northwest Europe region, i.e., North Sea, North Atlantic, primarily UK, Ireland, and Norway.
Specifically, the presentation will include statistics and future trends on the following: - Past exploration activity and results, e.g., number of exploration wells drilled, key results from recent years, by vintage of license round, farm-in activity by number and outcome (what has been the outcome from farm-outs in the past). Comparisons will be made between UK and Norway - Outlook of future activity - Statistics on future licenses and wells to be drilled, by location/basin, license vintage, company type - Statistics on pre-drill prospect sizes with comparisons e.g., between UK and Norway - Indications of future hot spots, where will the next big discoveries be made, and why? - How exploration results will contribute to future production in the region, specifically UK, Ireland and Norway - Other industry trends and drivers observed and assessed, including key success factors for exploration
How is this useful to the audience: - Understand trends to ensure own portfolio and strategy is in alignment - Gain knowledge of benchmarks to calibrate own business planning, e.g., what to expect in terms of future activity and results - Identify specific areas and types opportunities to be pursued or get inspired by
Sources of information to be utilized includes: 1Derrick/WEPC’ proprietary Northwest Europe Business Development Book, Derrick Petroleum Services’ Global M&A Database and supplementary research conducted by 1Derrick/WEPC.
See links to research published by 1Derrick/WEPC http://www.pandjenergy.co.uk/2013/01/over-90-ae-wells-ready-to-be-sunk-in-uk/ http://www.upstreamonline.com/epaper/article1315360.ece http://www.upstreamonline.com/epaper/article1249976.ece
Educated at Imperial College and INSEAD. Career history includes work experience as a petroleum engineer and management consultant with Shell, McKinsey & Rystad Energy. Currently an independent consultant based in Norway and associate partner with 1Derrick.
1Derrick 1Derrick/Derrick Petroleum Services is an independent oil and gas research and consulting firm with presence in London, Singapore and Bangalore. Derrick publishes the leading M&A transactions database in the Oil and Gas industry. Derrick has provided specialized research services for some of the industry's leading international majors and NOCs. Derrick's consulting, research and databases have worldwide coverage, with special emphasis on emerging plays and international M&A transactions.
Contact details: 1Derrick - Danny Ghale, phone: +44 7572 549711, e-mail: Danny.Ghale@1Derrick.com Derrick Petroleum - Mangesh Hirve, phone: +91 9886408176, e-mail: mangesh.h@derrickpetroleum.com WEPC is an independent E&P specialist strategy and business development consulting company formed by Anders Wittemann in 2011 with more than 20 years of experience from petroleum engineering and strategy consulting, based in Norway working in partnerships with other firms, including 1Derrick/Derrick Petroleum Services. Review and research is available in quarterly business intelligence reports for UK and Norway.
Contact details: Anders@Wittemannepc.com, phone: +47 91606475.
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11:50
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Kes Heffer - - Future Energy Partners Ltd
Maintaining North Sea production
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.
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12:25
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Paul Griffin - Managing Director, Dana UK - Dana Petroleum
The future of the UKCS and NOCS?
Paul joined Dana Petroleum in 2005 and became Managing Director of the UK business in 2011. He has nearly 30 years experience in the oil and gas industry in the UK, United States, South East Asia, the Middle East and Africa. Before joining Dana he spent 13 years at Enterprise Oil, where he performed a variety of roles. He has broad management expertise in both onshore and offshore operations. Paul holds a BSc in Physics and Mathematics and an MSc in Engineering Project Management.
Dana Petroleum We use our technical expertise to explore for it, develop it and produce it in Europe, Africa and the Middle East. We're building a company that operates at every stage of the oil and gas lifecycle, both offshore and onshore.
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13:00
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Raffle Prize draw, followed by Lunch and refreshments
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For over 25 years, we've been using our data and geoscience expertise to help the oil and mining industries locate the earth's natural resources. Whatever your requirements, our multidisciplinary team of geoscientists can help you make enlightened business decisions.
At Getech, we offer a range of services dedicated to helping you understand the geological risks and opportunities associated with locating natural resources - whether you're working on a global or regional scale.
Our eco-system offers a holistic view of how our core services interact, with Globe at the centre.
1Derrick/Derrick Petroleum Services is an independent oil and gas research and consulting firm with presence in London, Singapore and Bangalore. Derrick publishes the leading M&A transactions database in the Oil and Gas industry. Derrick has provided specialized research services for some of the industry's leading international majors and NOCs. Derrick's consulting, research and databases have worldwide coverage, with special emphasis on emerging plays and international M&A transactions.
1Derrick - Danny Ghale, phone: +44 7572 549711, e-mail: Danny.Ghale@1Derrick.com
Derrick Petroleum - Mangesh Hirve, phone: +91 9886408176, e-mail: mangesh.h@derrickpetroleum.com
WEPC is an independent E&P specialist strategy and business development consulting company formed by Anders Wittemann in 2011 with more than 20 years of experience from petroleum engineering and strategy consulting, based in Norway working in partnerships with other firms, including 1Derrick/Derrick Petroleum Services. Review and research is available in quarterly business intelligence reports for UK and Norway.
Contact details: Anders@Wittemannepc.com, phone: +47 91606475.
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.
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.
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.
Danny Ghale
Business Development
1Derrick
United Kingdom
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Lin Kenealy
Sales and Marketing Director
GeoGuide Consultants Limited
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Stuart Vernon
PetroMall Ltd.
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Tony Grindrod
Trustee
AAPG Europe
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Anna Hancock
Sales & Marketing Administrator
Geoguide Consultants Limited
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Craig Jones
Sales Supervisor
PGS
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seth karikari
petroleum engineer
aims and associates
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Sarah White
Europe-Africa Oil and Gas Marketing Manager
Golder Associates
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Joanna Lumley
Senior Sales Supervisor
PGS
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Stuart MacLeod
Aiteo Energy
Nigeria
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Alexander Chalke
Partner
Grosvenor Clive & Stokes
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John Clure
Managing Director
Phoenix Hydrocarbon Resources Ltd
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Lucy Bagnall
Underwriter
Argenta Syndicate Management
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Hywel John
Haven Energy
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Adel Louertatani
Co-Founder
Proxion Energy Group
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Megan Manley
Sales Coordinator
ARKeX
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Don Jameson
Director
Hedera Consulting Limited
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Claire Heaton
Business Development Manager
Proxion Energy Group
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Kate Garratt
Head of Energy
Aspectus
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Jaco Fleumer
Business Development Manager
HSM Offshore B.V.
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Ben HAKEN
T&S Director
Proxion Process
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Laura Iley
Aspectus PR
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David Jenkins
Director
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Alina Spitchakova
RAB capital
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Jessica Cregg
Junior Account Executive
Aspectus PR
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Anthony Jaep
Field Researcher
IHS
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Josh King
Analyst
RAB Capital
United Kingdom
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Dominic Thasarathar
Strategic Industry Relations
Autodesk
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Kevin Chandler
Senior Product Manager - International Logs and Seismic
IHS
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Andrew Anderson
Director, Oil & Gas
RBS
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Oswald Clint
Senior Analyst
Bernstein Research
United Kingdom
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Marie McKechnie
Senior Researcher
IHS
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Douglas Lamb
Associate Director
RBS Group plc
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Philipp Chladek
Analyst
Bloomberg Research
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Philip Birch
Exploration Director
Impact Oil & Gas
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Kes Heffer
Director
Reservoir Dynamics Ltd
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Nick Beattie
Director
BNP Paribas
United Kingdom
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Mark Jennings
Imperial College London
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Stephen Eisenhammer
Reuters
United Kingdom
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Dominic Tansley
Vice President
BNP Paribas
United Kingdom
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Luca Brutti
Senior Consultant
Infosys Consulting
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Roger Pearson
Managing Director
RGP Energy Ltd
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David Haughie
Structured Oil and Gas Origination
BNP Paribas
United Kingdom
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jonathan mooney
Business Development
Intent Consulting
United Kingdom
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Robert Snashall
Consultant
RGSConsult
United Kingdom
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Rachel Braun
Geopolitical Risk Analyst/Business Development
Bridgeporth Ltd
United Kingdom
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Chris McLoughlin
Kallanish
United Kingdom
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Hamish Wilson
Associate Consultant
Richmond Energy Partners
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Thomas Bernard
Oil and Gas Analyst
Business Monitor International
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Kalin Rusev
Kallanish
United Kingdom
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Robert Waterhouse
Director
Rosha Resources Ltd
United Kingdom
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Rachel Harrison
MI Manager
CGGVeritas
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Sungho Ahn
Financial controller
Korea LNG Limited
United Kingdom
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James McEwen
Rothschild
United Kingdom
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Sean Waddingham
Data Library
CGGVeritas
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Stuart MacCormack
Consultant
KPMG
United Kingdom
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Tom Colbert
Director
Royal Bank of Scotland
United Kingdom
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John Summers
Geologist
Consultant
United Kingdom
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Peter Allen
Consultant
Layla Resources
United Kingdom
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Julian Russell
Int. Marketing Director
RPS Energy
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Diwin Amarasinghe
Geophysical Specialist
Consultant
United Kingdom
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Tim Foister
Assistant Underwriter
Liberty International Underwriters
United Kingdom
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Martin Smith
Business Development Manager - Operations
RPS Energy
United Kingdom
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Suzannah Kwok
Consultant
Consultant
United Kingdom
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Christopher Touhey
Assistant Vice President
Liberty International Underwriters
United Kingdom
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Martin Smith
Business Development Manager - Operations
RPS Energy
United Kingdom
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Corneliu Cosovanu
Senior Geologist
CoreLab_ Integrated Reservoir Solutions-UK
United Kingdom
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Andrew McCulloch
Associate
Lloyds Bank
United Kingdom
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Mick Small
RPS Energy
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Charlotte Elliott
Analyst
Credit Suisse
United Kingdom
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Jacques Fischer
Junior RM
Lloyds Bank
United Kingdom
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Daniela Galeote
Analyst oil & gas
Santander
United Kingdom
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Paul Griffin
Managing Director, Dana UK
Dana Petroleum
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Ali Ramady
Territory Sales Manager
LMKR
United Kingdom
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Michele Peduzzi
Santander
United Kingdom
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Susana Braz
Group External Affairs Manager
Dana Petroleum
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Amrit Brar
Marketing and Sales Manager
Lynx Information Systems
United Kingdom
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Matthew Masham
Sales Manager
Schlumberger
United Kingdom
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Mark Johnson
Decideum Ltd
United Kingdom
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Michael Blakemore
Director
Michael J. Blakemore Ltd
United Kingdom
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Sarah Woodman
Multiclient Marketing Sales Support Specialist
Schlumberger Plc
United Kingdom
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Andre Sharma
Oil and Gas Analyst
Deloitte
United Kingdom
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Charles Speh
Managing Director
Milestone Exploration Limited
United Kingdom
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Jay Doshi
Analyst
SGCIB
United Kingdom
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zaki hasan
analyst
deloitte llp
United Kingdom
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Richard Stabbins
CEO
Montrose Industries Ltd
United Kingdom
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Rob Nesbitt
Director
SMBC
United Kingdom
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Stephen Norman
Business Development Manager
DNV
United Kingdom
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Martin Hodge
Data Processing, Time Imaging & Data Management Geophysicist
MoveOut Data Seismic Services
United Kingdom
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Philip Hobden
Vice President - Project Managemtne
SNC-Lavalin
United Kingdom
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Brian Donnelly
Consultant Geophysicist
Donnelly
United Kingdom
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Bradley Eales
NA
United Kingdom
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Eugene Nizeyimana
Society of Petroleum Engineers (SPE)
United Kingdom
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Shyam Pankhania
Geoscientist
E.ON Exploration & Production
United Kingdom
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Tara Lapsley
Assistant Underwriter
Navigators
United Kingdom
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Noas Saghir
Director
SR Organisation
United Kingdom
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Luke Eley
Earthstream
United Kingdom
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Edward Carey
Energy Underwriter
Navigators
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Anne Hegarty
Exploration Intelligence - Analyst
Statoil UK Ltd
United Kingdom
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Anna Hirtenstein
Journalist
eBiz Guides / World Investment News
United Kingdom
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David Pilling
Head of Oil & Gas
Nedbank Capital
United Kingdom
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Chris Wheaton
Director
Stifel
United Kingdom
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Michael Simpson
Oil and Gas Researcher
Elk Investments
United Kingdom
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Nick Grealy
Director
No Hot Air
United Kingdom
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Frank Jackson
MD
Sustainable Energy Projects
United Kingdom
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Ali Zolalemin
Director
Emeres Ltd
United Kingdom
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James Mortley
Not employed
United Kingdom
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Derric Richardson
New Venture Manager
Tesla Exploration
United Kingdom
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Nnamdi Anyadike
London office
Energy Correspondent
United Kingdom
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Helen Turnell
Principal Consultant
NR Global Consulting Ltd
United Kingdom
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James Dodson
Account Manager
TGS
United Kingdom
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Laura Walshe
Director, Strategic Projects Europe
Enviance
United Kingdom
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Lewis Lack
Director
Ocean Resource Ltd
United Kingdom
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Rob Ross
Client Solutions Director - PRM
TGS Reservoir Solutions
United Kingdom
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Simon Gaskell
Manager
ENVIRON UK Ltd.
United Kingdom
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thomas colling
Director
OGDE
United Kingdom
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Stephen Nicola
Upstream Sector Analyst
The EIC
United Kingdom
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Pablo Zapico
Geoscientist
EON E&P
United Kingdom
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Paul Butcher
Head of Strategy and Portfolio Development
OMV
United Kingdom
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George Reed
Director
Thorold Dewling Oil and Gas Recruitment
United Kingdom
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Terry O'Donnell
Business Development Manager
EPI Group
United Kingdom
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Seadhna Wilson
OTM Consulting
United Kingdom
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Shola Labinjo
Analyst
Tudor Pickering Holt & Co
United Kingdom
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Charles Czajkowski
Senior Business Development Manager
EPI Ltd
United Kingdom
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Asisat Lamina
Senior Consultant
OTM Consulting Ltd
United Kingdom
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harry grist
Trader
Tudor, Pickering, Holt
United Kingdom
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Dave Navarro
Vice President
Evercore Partners
United Kingdom
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Robert Parker
Consultant
Parker
United Kingdom
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Vladimir Ayeli
O&G Investment Analyst
VAnalytiQ
United Kingdom
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Nadia Butnaru
Eximius Group
United Kingdom
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Gerald Stein
Director
Pays International
United Kingdom
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James Grubham
Product Manager
Voith Turbo
United Kingdom
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Nathan Young
Project Geoscientist
ffA
United Kingdom
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Kitty Hall
Director
Peak MK Ltd
United Kingdom
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Anders Wittemann
Partner
WEPC/1Derrick
Norway
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Paul Bannister
Vice President A&D
FirstEnergy
United Kingdom
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David Bamford
Petromall Ltd
United Kingdom
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Hugh Ebbutt
Associated Director
WSS Energy Consulting
United Kingdom
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Greg Coleman
CEO
Future Energy Partners
United Kingdom
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