Solving E&P problems with digitisation
Cloud data management, data engineering, machine learning & analytics
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Monday, November 20, 2017, London, The Geological Society
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Getting value from digitisation is proving harder than many of us thought, but it is quietly transforming our business. There are interesting opportunities around machine learning, working with satellite imagery, helping smaller E+P's get digitally enabled, better analytics on data to improve fraccing, and getting faster warning of developing risks.
Consider for example the advocacy of the CEO and CTO of EOG Resources, a well-respected US shale player, and the Group/Upstream CEOs of BP – they are all affirming that ”digitization” is transforming their business, and that there is a lot more to come.
Perhaps it is worth saying that at the highest level, the “E&P problem” is how to run a profitable oil & gas business with oil prices stabilized (we hope) at say $50/barrel.
Then, the folk mentioned above articulate the impact that “digitization” can have on:
- Preventative maintenance/operation of surface facilities
- Drilling and Completions (especially ‘fraccing’)
- Reservoir Monitoring.
provided the business objective has been clearly and carefully defined.
What do we mean by “digitization” – how about data management in the ‘cloud’, data engineering, analytics, machine learning? And does the typical oil & gas company contain the skills to deliver the promise? Or are they going to become dependent on GE or Schlumberger? I guess we would all have our opinions on whether that was a good idea!!
Agenda
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9:30
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David Bamford - Director - Finding Petroleum
Welcome & 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.
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9:40
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Dr Duncan Irving - Practice Partner, oil and gas - Teradata
Why Machine Learning in the oil industry is difficult
Duncan Irving is the Oil & Gas Consulting Team Lead, EMEA & APAC with Teradata. Duncan joined Teradata from the University of Manchester where he instructed in geophysical interpretation and geocomputational methods for the last seven years. He was involved in consulting and research projects involving user interactions with massive subsurface datasets and more general upstream data management, and he continues to maintain research links as an honorary lecturer. One long term project was with Teradata and he drove the development of Teradata's capabilities in the Upstream Oil and Gas area. This time provided him with a deep understanding of the capabilities of Teradata and how they can best be used in the petroleum industry.
He is a geophysicist and also has a PhD in glacial geophysics and geotechnical engineering (why frozen ground moves faster during climate warming and how this affects infrastructure). Duncan lives in the hills outside Manchester with his wife and three children. He is a mountaineer, fell runner and is a card-carrying member of the CAMpaign for Real Ale.
Teradata
Teradata is the world's largest company solely focused on creating enterprise agility through database software, enterprise data warehousing, and analytics. It's our passion and it's all we do. For the Oil & Gas Industry it must be "now", it must be safe, and it has to scale. Whether it is upstream reservoir data analytics, production and refining real-time data analysis, operations management, or back-office ERP provisioning Teradata has the technology platform, scalability, people and approach that will allow you to do more with your data - today.
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10:15
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Deborah Humphreville - Director energy, EMEAR - Maxar
Machine Learning & Artificial Intelligence : Unlocking Geospatial Analytics for E&P
Talk Description.
The ability to rapidly analyze large amounts of data together with the increase in data availability are bringing new users and creating innovative geospatial applications.
Thanks to the power of the cloud, extensive experience in image processing and innovative machine learning approaches, users can now extract information at scale from geospatial data.
This presentation will focus on the benefits of the combination of satellite imagery and advanced geospatial analytics which enables E&P professionals to access over 100 Petabytes of high resolution-imagery and analyse them through DigitalGlobe’s Geospatial Big Data platform.
Over 28 years business background and technical experience in Information Technology, relating to energy business processes. Have identified problems and implemented effective and innovative integrated content and platform solutions to address financial and strategic analysis and business model recommendations.
Worked globally with companies such as Total, Eni, Shell, BP, Statoil, ExxonMobil and ChevronTexaco. Have lived in Europe for the last 19 years, working for various technology companies. BA in Geophysical Sciences from Univ of Chicago, MS in Geology from Univ of So. Carolina and MBA from Houston Baptist University.
Maxar
As a global leader of advanced space technology solutions, Maxar is at the nexus of the new space economy, developing and sustaining the infrastructure and delivering the information, services, systems that unlock the promise of space for commercial and government markets. The operations of DigitalGlobe , SSL and Radiant Solutions were unified under the Maxar brand in February; MDA continues to operate as an independent business unit within the Maxar organization. As a trusted partner with 5,900 employees in over 30 global locations, Maxar provides vertically integrated capabilities and expertise including satellites, Earth imagery, robotics, geospatial data and analytics to help customers anticipate and address their most complex mission-critical challenges with confidence. Every day, billions of people rely on Maxar to communicate, share information and data, and deliver insights that Build a Better World. Maxar trades on the New York Stock Exchange and Toronto Stock Exchange as MAXR. For more information, visit www.maxar.com .
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10:50
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Coffee & Tea; Exhibits
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11:15
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Waclaw (Wally) Jakubowicz - Managing Director - Hampton Data
Data and information management for a small and nimble oil and gas company
Talk Description.
Practical examples of how a small exploration and production company can distribute their workforce and virtualise their office using modern cloud based approach
Hampton Data
Hampton Data Services (HDS) was established in 1991, as a geotechnical data processing company specialising in legacy data. HDS's mission is to provide the highest quality, comprehensive, auditable, Data Management and Information services aimed at delivering interpretation-ready data, on time, to its customers' geoscientists.
The success of this initial strategy speaks for itself, ensuring that HDS is now the chosen service provider for many of the industry's major players. This in turn has enabled HDS to expand and diversify into being a provider of a comprehensive range of software and service solutions. With an highly experienced team, multi-lingual geoscientists, system engineers, software developers, and support staff, HDS is fully committed to providing you with the right solution for your data.
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11:50
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David Bamford - Director - Future Energy Partners Ltd
Oil & Gas Analytics - working through large amounts of data to address the where (you drill) and how (you drill)
Talk Description.
There seems to be a relatively sudden and growing realisation that the two criteria that have been used in the past to drive value in a shale player - having plenty of acreage in the right basin and then in the "sweet spot" - are no longer enough; performance is now important, paramount.
At its simplest, performance is driven by 1) Where you drill and 2) How you drill/complete/frack.
As a completely subjective observation by me, I would say the big weakness in US shalers = Where in the rocks you put the well; the strengths are in design and execution of the completion/frack = How.
[Perhaps this is because engineers dominate US shalers and they focus on How; there's not enough thinking and real insight by explorers on Where!]
However, as I will illustrate, advanced analytics allow us to work our way through very large amounts of data and address the Where and the How!
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 joined the board of Premier Oil in May 2014.
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.
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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Graham Scotton & Deb Grubbe - Founders, Director - Future Energy Partners Ltd
Near miss management - treat the root cause not the symptoms
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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13:00
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Close: Lunch & Exhibits
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Sponsors of this event
TeradataTeradata is the world's largest company solely focused on creating enterprise agility through database software, enterprise data warehousing, and analytics. It's our passion and it's all we do. For the Oil & Gas Industry it must be "now", it must be safe, and it has to scale. Whether it is upstream reservoir data analytics, production and refining real-time data analysis, operations management, or back-office ERP provisioning Teradata has the technology platform, scalability, people and approach that will allow you to do more with your data - today.
DigitalGlobeDigitalGlobe is a leading provider of commercial high-resolution Earth observation and advanced geospatial solutions that help decision makers better understand our changing planet in order to save lives, resources and time. Sourced from the world's leading constellation, our imagery solutions deliver unmatched coverage and capacity to meet our customers' most demanding mission requirements. Each day customers in defense and intelligence, public safety, civil agencies, map making and analysis, environmental monitoring, oil and gas exploration, infrastructure management, navigation technology, and providers of location-based services depend on DigitalGlobe data, information, technology and expertise to gain actionable insight.
DigitalGlobeDigitalGlobe is a leading provider of commercial high-resolution Earth observation and advanced geospatial solutions that help decision makers better understand our changing planet in order to save lives, resources and time. Sourced from the world's leading constellation, our imagery solutions deliver unmatched coverage and capacity to meet our customers' most demanding mission requirements. Each day customers in defense and intelligence, public safety, civil agencies, map making and analysis, environmental monitoring, oil and gas exploration, infrastructure management, navigation technology, and providers of location-based services depend on DigitalGlobe data, information, technology and expertise to gain actionable insight.
Hampton DataHampton Data Services (HDS) was established in 1991, as a geotechnical data processing company specialising in legacy data. HDS's mission is to provide the highest quality, comprehensive, auditable, Data Management and Information services aimed at delivering interpretation-ready data, on time, to its customers' geoscientists.
The success of this initial strategy speaks for itself, ensuring that HDS is now the chosen service provider for many of the industry's major players. This in turn has enabled HDS to expand and diversify into being a provider of a comprehensive range of software and service solutions. With an highly experienced team, multi-lingual geoscientists, system engineers, software developers, and support staff, HDS is fully committed to providing you with the right solution for your data.
Future Energy Partners LtdFuture 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.
Registered Delegates
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United Kingdom
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Karl Jeffery
Editor
Finding Petroleum
United Kingdom
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Jonathan Jenkins
Director
NDB Upstream
United Kingdom
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Tom Fox
Director
1234most Ltd - dynamicforecaster.com
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Avinga Pallangyo
Events Coordinator
Finding Petroleum
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Morten Lindback
Energy economist
Norwegian Ministry of Petroleum and Energy
Norway
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Allan Induni
Geoscientist
a
United Kingdom
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Greg Coleman
CEO
Future Energy Partners
United Kingdom
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Mike King
Oil & Gas Manager
NPA Satellite Mapping
United Kingdom
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Paul Murphy
Key Account Manager, Oil and Gas Division
Airbus Defence and Space
United Kingdom
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Anne-Mette Cheese
Geology Advisor
Gassnova SF
United Kingdom
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Brendan Kelly
Managing Director EMEA
NRX AssetHub (HubHead Corp)
United Kingdom
|
Alexander Estrin
Alesther Ltd.
United Kingdom
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Irina Awote
GBC Ltd
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Abi Mirkhani
COO
OPG Supply
United Kingdom
|
Geoffrey Boyd
Field Development Consultant
Antium FRONTFIELD
United Kingdom
|
John Leggate
Chairman
GRID
United Kingdom
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Graham Scotton
Petromall
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Maria Mackey
Energy Sector
AWS
United Kingdom
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Thomas O'Toole
R&D Geophysicist
Halliburton
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David Bamford
Petromall Ltd
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Simon Berkeley
Director
Berkeley Associates
United Kingdom
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Ben Saunders
Product Manager - Analytics
Halliburton Landmark
United Kingdom
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Henry Dodwell
Consultant
PetroVannin
United Kingdom
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Patrick Randell
Geologist
BP Exploration
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Waclaw Jakubowicz
Managing Director
Hampton Data Services
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Frederic Yeterian
Director
Philax International (UK) Ltd
United Kingdom
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Nick Pillar
Manager of Geophysics
Canadian Overseas Petroleum Ltd
United Kingdom
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Lawrence Jackson
Senior Account Executive
IHS
United Kingdom
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Robert Snashall
Consultant
RGSConsult
United Kingdom
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Micky Allen
consultant
consultant
United Kingdom
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Martin Merryweather
Managing Director
Independent
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Richard Walker
Geophysical Consultant
Richard Walker Geoscience Ltd
United Kingdom
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Diwin Amarasinghe
Geophysical Specialist
Consultant
United Kingdom
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Manouchehr Takin
Independent consultant
United Kingdom
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Andreas Exarheas
Assistant Editor
Rigzone
United Kingdom
|
Dan Kunkle
Director
Count Geophysics
United Kingdom
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Jonathan Baker
CEo
InnovationCo
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Brigitta van Niel
Technical support Manager
Sasol
United Kingdom
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Christopher Frost
Lead technical Analyst
DataCo
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simon kendall
CEO
Interica
United Kingdom
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caleb dadson
sasol petroleum
United Kingdom
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Toya Latham
Drilling Info
United Kingdom
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Duncan McLachlan
Digital and Innovation Lead
io oil & gas
United Kingdom
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Robert Heath
Retired
Seismic & Oilfield Services Ltd
United Kingdom
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Stephanie Warne
Data Manager
DrillingInfo
United Kingdom
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John Griffith
Upstream Advisor
JJG Consulting International Ltd
United Kingdom
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Christian Bukovics
Senior Independent Director
Sound Energy Plc
United Kingdom
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Darren Jones
Data Analyst/Cartographer
DrillingInfo
United Kingdom
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Peter Allen
Consultant
Layla Resources
United Kingdom
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Michael Dyson
Manager
Striatum
United Kingdom
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Terry Price
Managing Director
Easymatics
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Neville Hall
Director/Consultant
Llahven Data Management & Compliance
United Kingdom
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Filipe Mota da Silva
Head Solutions
Tata Consultancy
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Nnamdi Anyadike
London office
Energy Correspondent
United Kingdom
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Mark Jones
Director - Sales & Business Line
Logstor
United Kingdom
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Peter Roberts
Business Development Manager
Tessella
United Kingdom
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Boff Anderson
Snr. Land Operations Manager
EPI Group
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Rupert Simcox
Data Analyst
Lynx Information Systems
United Kingdom
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Duncan Irving
Head of AI and Automation
tietoEVRY
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Ricky Schuleman
Web Developer
Evaluate Energy
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Mark Ashford
Managing Director
MACOM Consulting Ltd
United Kingdom
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David Gamboa
Associate, Integrateds and Upstream Research
Tudor, Pickering, Holt & Co.
United Kingdom
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Funmi Akinfenwa
Data Manager
ExxonMobil
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Christoph Ramshorn
Director
Manage Your Options
Netherlands
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Ian Jones
Head of IIS Practice
Venture Information Management
United Kingdom
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Amber Harding
IT Manager
ExxonMobil
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Deborah Humphreville
Director energy, EMEAR
Maxar
United Kingdom
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Pete Floyd
Senior Manager Upstream
Wipro
United Kingdom
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Malcolm Humble
Upstream Data Coordinator
ExxonMobil Global Service Company
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Mike Larsen
Director
Metastream Ltd
United Kingdom
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Hugh Ebbutt
Associated Director
WSS Energy Consulting
United Kingdom
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Richard McIntyre
Sales Manager
Finding Petroleum
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