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Finding Oil in Central & South America

....needs to be on our radars!
Richard Herbert
» R Herbert Associates Ltd
Read Taylor
» Group CEO
» Bear Energy LLC
Tim Davies
» Group Exploration Asset Manager
» Premier Oil
Richard Nolan
» Tridevi Capital

Full Agenda

Tuesday, October 17, 2017
The Geological Society

Download our report from this event

Central and South America covers a wide variety of petroleum provinces, from Mexico – rapidly opening up its offshore – to Brazil – with a superb set of established offshore basins – then inland to Argentina, Ecuador, Peru and Colombia…..and of course not forgetting the North Falkland Basin(NFB).

Some UK companies are already engaged there, for example Sierra and Premier are involved in the first foreign-operated well offshore Mexico for decades, BP and Premier are exploring offshore Brazil, and Rockhopper and Premier (again!) have explored and possibly may soon develop in the NFB.

The reality is though that UK companies ‘could do better’ in this region which has been somewhat off the radar compared with say Africa.

In this Forum, for each country, we should consider National Politics/Security; Petroleum Geology (especially new insights); new data; opportunities; and which companies are best place to deliver, onshore or offshore oil production or regional energy supply; in particular where are the opportunities for UK companies?

Note: This event continues from our past well-received Mexico events held in

October 2016 - see the agenda - see the delegates list

September 2015 - see the agenda - see the delegates list

Download the report from our Oct 2016 Mexico conference


9:30 Richard Herbert -
R Herbert Associates Ltd

Chairman's welcome & Introduction

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Richard Herbert is a former COO, Exploration with BP, retiring from that position in 2016. Before that he was Executive Vice-President Exploration with TNK-BP (since 2003). He was initially with BP.

R Herbert Associates Ltd

9:50 Read Taylor - Group CEO
Bear Energy LLC

New global big oil province - Mexico’s Offshore Sureste Basin. A view from a private equity startup

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Read B. Taylor, is now the CEO and President of Bear Energy LLC. Bear is a Private Equity backed company focused on offshore producing assets in Brasil.

Read is also Global Exploration Strategy-Advisor to Executive Management Board at Wintershall Dea

Previously Read was Upstream Executive Director and Board Member of Sierra Oil and Gas Mexico. Sierra created a preeminent position in the high potential offshore Sureste Basin having over 2.3MM acres. Sierra in 2017, drilled its first exploration well with the successful, multiple award winning Giant Zama Field discovery with over 1.7 bn bls OOIP. Sierra recently was sold to L1 Wintershall DEA. Zama was the Discovery of Year 2017. The Sale was the Deal of the Year 2018.

Previously Read was Senior EVP and Board Member of a Private Brazilian Energy, Mining and Renewables Group. Prior to that he served as General Manager of Devon Energy Brazil Ltd. Mr.Taylor has worked for energy industry notables UNOCAL and Anadarko in various international field locations in technical and commercial management positions. His background includes Business development, M&A, geophysics-geology, operations and development, gas marketing, and legal negotiations. He has successful experience in over 26 countries including Myanmar, Indonesia, Thailand, China, Brazil, Egypt, Central and East Africa.

Mr. Taylor is Chairman and founder of RICE International Relief a non-profit humanitarian organization dedicated to providing medicines and water purification to those in need around the world. RICE has been involved in global relief projects in Thailand,Myanmar,Kenya, Israel, Haiti, Philippines etc. RICE provides support to medical clinics and homeless shelters in USA including a facility in Corona Ca. with several partnering organizations.

Mr. Taylor has a B.Sc. in International Business from Pepperdine University, a B.Sc. in Geophysics and M.Sc. (Masters) degree in Geology from University of Southern California, USC. Mr. Taylor also hold a Diploma from Harvard Business School in Executive Management 2011.

Bear Energy LLC
Bear is a Private Equity backed company focused on offshore producing assets in Brasil.
10:25 Tim Davies - Group Exploration Asset Manager
Premier Oil

Are deepwater plays still attractive? – Ceara Basin Brazil a case study

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Talk Description
The key to deepwater sweet spots are exceptional reservoirs at unexceptional depths – does the Cretaceous drift sequence in the Ceara basin present us with opportunities to test this hypothesis?

The advantage of the Ceara Basin on the brazil transform margin is that the play risk has been removed by the Pecem discovery derisking the petroleum system and discovery of good oil in the Cretaceous turbidite channel system tested by the 1-CES-160 well ‘Broken Canoe Well’.

The conjugate margin to the Ghana discoveries and lessons learnt from those discovers has influence the interpretation of the leads and prospects in the Ceara Basin. The attraction of having these deepwater opportunities in a portfolio is the scale of the opportunities available.

In the current market with depressed rig and service costs there is an opportunity for creative development solutions to add value to licences secured at a high oil price.
Currently Group Exploration Manager with Premier Oil responsible for Mexico, Brazil, Falklands, UK and New Ventures.
20 years in the industry with Conoco, Hess and Premier Oil.

PhD in turbidity current processes and high resolution sequence stratigraphy from Cardiff University – tad out of date now!

BSc Aberystwyth University when they used to do geology and look at the magnificent turbidite exposures on the beach in front of the college.

JV partners with Talos and Sierra in the recent Zama discovery in Mexico….

Premier Oil
Premier Oil plc is a leading independent oil and gas company with producing interests in the UK, Ind
11:00 Coffee & Tea; Exhibits
11:30 Richard Nolan - CEO
Tridevi Capital

Managing the risks of investing in Latin America E&P

Talk Description
- Latin America is a challenging environment for upstream investment,
- Obvious' risks can be managed, even by independents.
- Comparison and discussion of Argentina, Brazil and Colombia, historical and current perspective, political, contractual/fiscal, commercial and technical risk associated with finding and commercialising pertrolem.
- Type of project that fits Tridevi's investment criteria
Richard joined Tridevi Capital in 2016, having worked with Sid for three years on a mining asset investment. He is an experienced deal maker and E&P asset manager who has led transactions in Europe, Asia and Canada. He joined Tridevi Capital from Premier Gold Resources, where he was COO and then CEO. Previously, Richard worked as equity research specialist and deal maker for small / midsized E&P assets with investment funds and advisors like Daniel Stewart & Co, Newedge Group, ABN AMRO, Steubing AG and Comprendium Capital. He co-led a number of small / midsized public and private investments in E&P assets involving complex financial and legal structuring.

Richard holds a BA in English from University of Western Ontario and an MBA from Richard Ivey School of Business, University of Western Ontario

Tridevi Capital
Tridevi Capital is an independent private equity investment advisory firm with expertise and focus o
12:05 Karyna Rodriguez -
Searcher Seismic

Argentina Oil-Prone Coarse Clastic Systems Sourced from the Salado and Colorado Basins

Talk Description
As exploration offshore Argentina enters a new exciting positive phase, we use Spectrum data from South Africa and from adjacent basins in Uruguay, as well as newly acquired lines from the Argentine Basin, to answer some of the most critical questions regarding future exploration in the Argentina Basin. Will there be any source rock? If present, what will be its distribution and will it be generating gas or oil? What reservoirs do we expect to find? What trapping mechanisms do we expect?
Petroleum geoscientist with 25 years of multidisciplinary experience in global offshore and onshore exploration inclined projects. She worked in companies like BG and PEMEX gaining diverse experience from regional play and prospect generation and evaluation, to working closely with high level management on their portfolio strategies.

Searcher Seismic
Searcher provides high quality exploration data and leading edge tech to the global exploration indu
12:25 Jennifer Bates - Latin America analyst
Protection Group International

Above Ground Risks in Central & South America

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Talk Description
PGI will provide an overview of key regulatory, political and security risk facings investors in the region
Jennifer Bates is a Latin America analyst for PGI’s Geopolitical Intelligence team, where she focuses on economic, political and security risks in the Latin America region for clients in the extractives industries. In this role, her projects have included research on the security risks faced by IOCs in Mexico and barriers to investment in Cuba’s oil sector. Prior to joining PGI, she completed an MSc in International Relations. She is a fluent Spanish speaker.

Protection Group International
PGI is a privately owned UK business offering integrated, intelligence-led risk management solutions
12:35 Ryan Turner - Lead Analyst with PGI's Geo-political Risk Team
Protection Group International

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Ryan Turner is a Lead Analyst for PGI’s Geopolitical Intelligence team, with strong focus in the extractive industry and expertise in the Middle East. Ryan has expert knowledge of the global Oil & Gas Sector, as well as economic, political and security developments in the Middle East. He also has an understanding of the impact of political risk on the global energy market. Ryan has shared his views on security and energy market in numerous media appearances on BBC and CNBC and other networks.

Prior to joining PGI, Ryan was an Oil & Gas Analyst for a company which for the past 30 years, has had forecasts, data and analysis used by multinationals, governments and financial institutions to guide critical decisions. In this role, he worked daily with a team of country risk and sector focused analysts to provide insight and analysis in the global oil and gas market, with a regional remit focused on the Middle East and Sub-Saharan Africa.

Protection Group International
PGI is a privately owned UK business offering integrated, intelligence-led risk management solutions
12:45 Lunch & Exhibits: Close

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