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Cost Reduction in This Era

What are oil companies doing - and how might it impact you?

Friday, June 5, 2015
The Geological Society

Our event on June 5 was a half day of expertise sharing and discussion about where the oil and gas industry is going in the current oil price environment - and new ideas for improving your business and personal viability.

Introduction from conference chairman David Bamford

Can we get Costs (way) down? Is it time for CRITE (Cost Reduction In This Era)?

  1. Are there new, better cost/barrel, development technologies?
  2. Can Standardisation deliver 10’s of % cost reduction?
  3. What about Automation/Remote Control?
  4. and is it time for a more outsourced work force?

Is this the way to re-charge Mature Provinces, for example the UKCS; NOCS; much of South East Asia?


9:30 Welcome & Introduction: followed by SESSION 1: The Context
9:50 Rex Gaisford - Director
RCM Consulting Ltd

What can we learn from CRINE?

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Dr Rex Gaisford is a former director and executive VP of American independent oil company Hess Oil, where he initiated, planned and ran major multi-billion dollar development & production operations for Hess and partner oil majors world-wide, including in Denmark, Norway and Brazil. He also ran the first FPSO project in the UK continental shelf.

During the last 7 years he has been active in the carbon capture and storage business associated with enhanced oil recovery (CO2-EOR).

He initiated founded and chaired the CRINE initiative in 1991 which resulted in a reduction in development costs across UKCS by around 40% in the first year alone.

RCM Consulting Ltd

10:05 Stuart Amor -
Future Energy Partners Ltd

Where do we think oil prices are going?

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Stuart has worked at both bulge bracket and regional European investment banks (Credit Suisse, ING and Unicredit). He has followed the global oil and gas sector since graduating from business school over 15 years ago, covering all types of oil and gas companies (including the European majors, Russian oil and gas companies and junior names). Stuart has written the research for several oil and gas equity raisings and was Credit Suisse’s lead analyst in both LUKoil’s and Gazprom’s IPOs in Russia. As Head of Equity Research at ING, he has overseen the research of more than a dozen other transactions.

Future Energy Partners Ltd
Future Energy Partners (FEP) is a unique oil and gas advisory service which prides itself on technic
10:40 Coffee & Tea; Exhibits followed by SESSION 2: Where are the opportunities?
11:10 Simon Bates - Project Advisor and Manager
The DDC Group

“Knowledge Process Outsourcing (KPO)”

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Talk Description
“Who Else Wants A Flexible Graduate Resource, On Tap When Needed?”

Simon will offer a true story of a well-known upstream services company, who adopted KPO as a service around bit run data, with guaranteed business benefits and reduced process costs. He will describe an outsourcing journey, explaining how KPO adoption is successfully achieved in six proven steps. And, answer the question “Why outsource?”

Simon guides clients and colleagues towards successful Knowledge Process Outsourcing services provided by The DDC Group. DDC is a BPO specialist helping businesses across numerous disciplines improve access to the data they rely on through large-scale, bespoke document and data conversions. Simon’s former employers include Lason and Saztec (R.I.P.). He has 25 years' experience working with the wonderful people of the Philippines.

The DDC Group
Business Process Outsourcing (BPO) began as the separation of back office processes, such as bill en
11:50 Mark Enfield - Managing Director

The Outsourced Exploration Department (OExD)

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Talk Description
Mark will discuss how PDF has built an innovative Outsourced Exploration Department® (OExD®) model that provides strategic partnerships with oil/gas exploration companies to help them expand or develop through transformative events, building upon a solid foundation of geoscience expertise. These strategic partnerships are an outsourcing of the core exploration function of smaller and growing exploration companies under an innovative outsourcing contract model. Outsourcing exploration is a ‘third way’ in resourcing the exploration companies’ technical and project management requirements – and varies in significant aspects from the more traditional models of building a team of in-house staff or relying on hiring consultants. He will discuss how the Outsourced Exploration Department® approach brings significant benefits and provides growing companies with a ready-made, scalable and full spectrum exploration department that allows capacity to drive growth. He will show how the OExD® approach brings not just cost-effectiveness, but also fully integrated and focused technical expertise and the best aspects of exploration management, flexibility to scale resource allocation in line with evolving corporate needs and a highly loyal and aligned team that through the long-term nature of the OExD® relationship safeguards corporate memory and data.
Mark is Managing Director of P.D.F. Limited, a successful exploration consultancy with a >20 year track record in helping E&P companies succeed in exploration, operations, new ventures and corporate development. PDF are currently highly active in Africa and Central/Eastern Europe.

Mark is an experienced explorationist and has a PhD in structural geology from Imperial College, London, UK. He started in the oil industry with Maxus Energy, firstly in London and then in Dallas, Texas where he worked on global New Ventures, exploration & operations and development projects. Mark founded PDF as an exploration consultancy in 1994 and since then has worked extensively on projects in Africa, Central & Eastern Europe, the North Sea, Indian sub-continent, Madagascar, South American fold thrust belts and the near East, as well as ‘unconventional’ projects in several continents.

Mark is also proud to be a PESGB Young Professionals mentor.

PDF is based in South Oxfordshire, UK and is organised as a full spectrum exploration department, as
12:25 Deidre ODonnell - Managing Director & Founder
Working Smart

Oil & Gas Careers - the state of play

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Working Smart is a Global Oil and Gas Recruitment Agency servicing the Upstream Industry exclusively
13:00 Lunch & Exhibits

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Improving onshore exploration - faster, cheaper 3D please!
by David Bamford from New Eyes Exploration

"The well-planned order of the high quality presentations, which followed a logical flow, allowing speakers to build directly on what was said in previous talks, greatly enhancing the overall value."

Christian Bukovics (Cygnus Energy Ltd)


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