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Lunch'n Think Webinar: W(h)ither Exploration

....the demise of Exploration is over reported!

Friday, February 5, 2021

Conjecture around the Energy Transition has led to the demise of Exploration being much reported. And yet if we think about the ‘other Energy Transition’ – the essential task of lifting a billion plus people – in Africa and SE Asia for example – it’s clear that global energy demand is simply going to grow, that oil and especially gas will be crucial to meeting this demand, and that years of underinvestment have left us short of hundreds of billions of barrels and thousands of Tcf.

Future Exploration needs to find ‘advantaged’ barrels and gas molecules. By ‘advantaged’ we mean those that sit at the front of the cost curve and have the best ‘carbon credentials’.

Where might those be? And where are they certainly not?

These themes will be explored in this opening Lunch’n Think webinar.

The times in this schedule are UK time


13:00 David Bamford - Director
Future Energy Partners Ltd
Getting on with Exploration, with Gas as a key target

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Talk Description
It is not difficult to demonstrate that a growing global energy demand requires the discovery by exploration of significant amounts of Oil and gas, out to 2050.

But a return to the ‘good old days’ – Business As Usual – is not appropriate, I believe.

In this Webinar, I will focus on how we find ‘Advantaged’ hydrocarbons, by which I mean those that sit at the front end of the cost curve and have high potential for emissions and flaring elimination.

This leads inexorably to the so-called “Super Basins” where there is a wealth of infrastructure and data (and petroleum systems are well understood), even if some of them may be termed “Mature Provinces”.

The Deliberate Search for ‘Advantaged Gas’ is an attractive concept!

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 technic
13:40 Close

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by Kenny Ingram from IFS

"Diverse well presented topics with opportunity to ask questions of speakers during talks or breaks. Well organised by David, Karl etc."


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