Super Basins 1: Advantaged Exploration, Advantaged Hydrocarbons
....thinking about them leads you in the direction of Super Basins!
Free
FEATURED SPEAKERS
Mike Simmons
» Halliburton Technology Fellow for Geosciences
» Halliburton
Full Agenda
Friday, October 8, 2021
Webinar
Online
Two or three of our recent Friday webinars* have asked the question “W(h)ither Exploration?” and we would now like to pursue the concept of Super Basins more vigorously – not so much where is the next one but what do we have to do to find them?
With this in mind, here’s our route map for the Autumn:
#1: Advantaged Exploration (8th October 2021)
#2: Giant Fields of the World (22nd October 2021)
#3: Petroleum Systems (12th November 2021)
#4: Guyana & Suriname as a Case Study (26th November 2021)
with a single presentation for each one, so 30mins plus 15+ for Q&A.
Today we’ll hear from Mike Simmons of Halliburton on the theme of "Advantaged Hydrocarbons".
*And here are the links if you want to catch up:
https://www.findingpetroleum.com/event/Lunchn-Think-Webinar-Whither-Exploration/7c277.aspx
https://www.findingpetroleum.com/event/Lunchn-Think-Webinar-Where-are-the-Advantaged-Hydrocarbons/d1526.aspx
https://www.findingpetroleum.com/event/Lunchn-Think-Webinar-Is-Offshore-South-Africa-an-emerging-Super-Basin/4b894.aspx
Talk Description
This is the first in a series of four webinars on "Super Basins". Why are they important and what do we have to do to find more of them in the future? |
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 t
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Talk Description
At present, crude oil and natural gas comprise 54.3% of the global energy supply. Rapidly replacing this with lower carbon sources is challenging, resulting in oil and gas forming a significant part of the energy mix in future predictions, even in scenarios that strive to meet the goals of the Paris Agreement.
To assess the likely future demand, an analysis of multiple, recently published, rapid energy transition scenarios was conducted, indicating that 943.3 Bbbl of oil and 4,733.5 Tcf of gas will be required in the next three decades.
Furthermore, analysis of different supply estimates indicates that 357.1–284.1
Bbbl of oil and 2,274.6–2,170.2 Tcf of gas will need to be found to complement existing recoverable reserves.
To meet this demand will require the exploration and production of low carbon intensity ‘advantaged hydrocarbons’, combined with significant carbon sequestration activity.
As hydrocarbon recovery becomes more difficult and energy intensive with time, it may be preferable to replace some existing ‘disadvantaged’ fields with new ‘advantaged’ hydrocarbons, implying the supply gap may be underestimated. Energy strategy at a national and global level must account for the large demand for hydrocarbons in coming decades and exploration and production companies need to align with the advantaged hydrocarbon paradigm.
Stimulus is required to realise the carbon capture and storage capacity required to mitigate the consequences of the ongoing reliance on fossil fuels. |
My research interests encompass petroleum exploration workflows, especially integration with sequence stratigraphy; eustasy in the geological record; regional stratigraphy and petroleum geology, specifically the Middle East and Black Sea regions; applied biostratigraphy; and the history and future of geology. My career has spanned both industry and academia, working at BP, Aberdeen and Cambridge Universities, Neftex, and most recently Halliburton, where I am Technology Fellow for Geosciences and Exploration. I have a degree and PhD from the University of Plymouth and am a Visiting Professor at the University of London.
Halliburton
Founded in 1919, Halliburton is one of the world's largest providers of products and services to the
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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 t
More... | |
|