Lunch'n Think Webinar: How can we responsibly source more gas in Southern Africa?
...in our Brave New World, gas developments must be low cost, low carbon, high ESG - all 3!!
Free
FEATURED SPEAKERSDavid Bamford
» Director
» Future Energy Partners Ltd
Greg Coleman
»
» Future Energy Partners Ltd
John McCarthy
» head of research
» Minerva SRM
Full Agenda
Friday, May 21, 2021
Webinar
Online
How can we responsibly source more gas in Southern Africa? This webinar looks at potential for new gas production onshore, ways future projects should be approached, and how to keep local communities engaged. Structure - 3 x 10 min presentations followed by discussion.
ONSHORE GAS EXPLORATION
The Karoo formations onshore in Southern Africa, stretching across South Africa, Namibia, Botswana and Zambia, are believed to hold 30 to 390 TCF in South Africa alone. In addition, there are large amounts of coal bed methane. How can this be produced responsibly? - David Bamford
RESPONSIBLE PRODUCTION
How should future oil and gas development projects in Southern Africa keep both development costs down and eliminate Co2 / CH4 emissions and flaring? What are the best approaches to remote operations, electrification, eliminating emissions and embracing CCS? - Greg Coleman
LOCAL COMMUNITIES
How do we achieve a "Just Energy Transition" - ensuring local communities are not adversely disrupted and benefit from the developments? - John McCarthy
Webinar introduction from David Bamford:
What do we mean by Responsibly Sourced Gas?
1. A question that we need to examine carefully is whether the US ‘shale gale’ can be exported to other countries.
Back in 2013 the US EIA assessed 137 shale formations (in 95 basins) in 41 countries outside the USA where significant volumes of shale gas resources might be found. Essentially this was a ‘bottom up’ exercise collating large amounts of reported data but if you look at the list, it almost entirely confirms a now known ‘top down’ truth – that prolific oil or gas shales had already fed a major conventional oil or gas province. So unsurprisingly the US, Russia, Algeria, China figured in the ‘top 10’ countries for technically recoverable shale gas.
But….. there are some ‘frontier’ regions and countries in the list, mainly of a smaller scale and so further down the ranking. However, Southern Africa contains one ‘top 10’ potential resource sequence, the Karoo, which is believed to hold 30 -390 Tcf in South Africa alone (and the Karoo formations stretch into Namibia, Botswana and Zambia).
Note however the Petroleum Agency of South Africa comments on the lack of geophysical and geochemical data!
In addition, in South Africa, Coal Bed Methane is well known from its occurrence in underground coal mining, where it presents a serious safety risk.
The coal deposits in South Africa are found within the Karoo basin and fault bounded rift basins further north. These basins are host to large volumes of coal and where the coal is concentrated with methane gas, this holds potential for significant future sources of energy.
David Bamford of Future Energy Partners will consider the ‘realities’ of unconventional gas in the Karoo from Namibia and Zambia and into South Africa.
2. Any future oil & gas development, anywhere in the world and whether offshore or onshore, faces the twin challenges of:
- Being at the front of the cost curve so that it is viable at foreseen oil or gas prices
and
- Being low or even zero carbon by eliminating both CO2 and CH4 emissions, and flaring.
Gas discoveries offshore Southern Africa are not excused from this expectation!
Technology supplies the means to achieve these two seemingly contradictory objectives.
For example, offshore developments themselves need to have embraced Remote Operations, Electrification (eliminating CO2), and elimination of ‘cold venting’ and ‘fugitive’ emissions. Use of the gas onshore for Gas-to-Power needs to embrace Carbon Capture & Storage.
Greg Coleman of Future Energy Partners will outline such cost-leading ‘decarbonising’ developments.
3. Much of what is being discussed in this ‘Southern Africa’ series of Webinars relates to the various sources of energy that may be deployed to effect what might be termed a Just Energy Transition – which might be defined as an Energy Transition that leaves nobody behind. On the one hand, this is about relieving the widespread ‘energy poverty’ in the region but on the other that, as onshore activities proliferate – for solar, offshore wind, geothermal and unconventional gas projects – local communities are not adversely impacted, disrupted, even ‘moved out’.
It is a common observation that most companies fail to demonstrate how their corporate-level management standards are translated into actions and engagement on the ground, where it matters to society, to the local population. Often there is a striking mismatch between corporate-level commitments and systems on the one hand and project/operational-level action on the other, on issues of primary importance to the region. Think RTZ!!
Rob Palfrey of Minerva SRM - which provides bespoke social risk management services to companies operating in the most challenging social, political and conflict-affected settings – will address this topic.
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.
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Talk Description The thrust of my presentation is that Southern Africa has an abundance of Gas.
Clearly this is true of offshore Mocambique where major gas resources are present sufficient to feed several LNG trains.
As Neil Hodgson of Searcher Seismic highlighted in his webinar presentation on April 30th, offshore Namibia and South Africa there’s the potential for 3 “Super Basins” – the Orange, the Outeniqua and the Natal, the first with proven gas reserves in the well known Kudu Gas Field, the second with the potential for at least 10 TCF of gas (condensate) as demonstrated by Total’s 2019 and 2020 wells.
Thinking about onshore, back in 2013 the US EIA assessed 137 shale formations (in 95 basins) in 41 countries outside the USA where significant volumes of shale gas resources might be found. According to this assessment Southern Africa contains one ‘top 10’ potential resource sequence, the Karoo, which is believed to hold 30 -390 Tcf in South Africa alone (and the Karoo formations stretch into Namibia, Botswana and Zambia).
Note however the Petroleum Agency of South Africa comments on the lack of geophysical and geochemical data!
In addition, in South Africa, Coal Bed Methane is well known from its occurrence in underground coal mining, where it presents a serious safety risk. The coal deposits in South Africa are found within the Karoo basin and fault bounded rift basins further north. These basins are host to large volumes of coal and where the coal is concentrated with methane gas, this holds potential for significant future sources of energy.
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David Bamford is well known around the oil & gas industry both as an explorer and a geophysicist. 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 undertaken asset and company valuation projects for investment banks, hedge funds and small oil companies. He has been a board director of Tullow Oil and Premier Oil.
He holds a Physics degree from the University of Bristol and a Ph.D in Geological Sciences from the University of Birmingham.
Future Energy Partners Ltd Future Energy Partners (FEP) is a unique oil and gas advisory service which prides itself on technic More... | |
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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 technic More... | |
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Talk Description Do ESG metrics represent a company’s policy commitments, or the impact that their activities have on the ground? Of course they should be one and the same thing, but often they are not. To understand why this is so, a different way of viewing the challenges is required and a complex adaptive systems approach can provide this. This can be uncomfortable as it includes reflecting the realities of local contexts in policies and being bluntly honest when reporting risk.
The good news is that companies can often fall back on living their values when grappling with such issues, assuming those values are more than an exercise in public relations. |
John is Minerva’s Head of Research with a background as a professional Conflict and Political Risk Advisor. John has worked in this capacity in both the private and public sectors, including for ExxonMobil and the UK Stabilisation Unit. He also spent time as a foreign correspondent writing for the Economist and the Guardian amongst others. John is a visiting academic at Linacre College, Oxford University and speaks Persian, Russian, French and German. John has worked widely across central and southern Asia as well as Uganda, Mexico, Nigeria and Russia
Minerva SRM
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