Simple Registration

When:  Jul 13, 2017 from 06:00 PM to 09:00 PM (SGT)
Where:   Blu Jaz Cafe, 11, Bali Lane, Historic Kampong Glam, Singapore, 189848, SG
Community:   Singapore Section

When & Where



Blu Jaz Cafe
11, Bali Lane
Singapore, 189848
SG

Jul 13, 06:00 PM - 09:00 PM (SGT)


Description

Joint presentations about facilities design that were given at the recent APE ATW in KL in April. Rolando’s talk is based on actual industry data and performance, and is quite thought provoking regarding why the industry wastes so much in its designs. Peter Kirkham show a case study with the evolution of Twinza’s Pasca A development over the past couple of years and the “appropriate scoping” into the concept. 


Taking Charge in a Low Oil Price Environment
Rolando Gachter, Independent Project Analysis Pte Ltd

Abstract:

High oil prices in the past have bailed out many marginal developments. Waiting for price drops  the supply chain to improve today’s opportunities is a passive approach to business success.
To survive in a low-price environment requires:
(1) thoughtful and rigorous portfolio management approach;
(2) efficient scope selections; and
(3) smart about development strategies and project practices

With this presentation we describe successful lean scoping approaches and sound development  that have improved CAPEX efficiency by over 40 percent.
Objectives and scope of  proposed topic:
• To examine why our project scopes have become so inefficient over the last 20 years by :
• How much project scope has grown and explain why it has done so
• How inefficient project scopes affected performance
• Identify what needs to change in the scope development process and provide a framework  deliver more competitive project scopes

Methodology procedures and process of the topic:
• 387 offshore oil projects (recent) for which we have full detailed cost, schedule, production,  were examined
• Root causes of performance were established detailed review of the project case 
• Causes (and effects) of scope inefficiency are calculated

Observations and conclusions the proposed topic:
• Weight increases over time for almost identical pieces of scope can be demonstrated. There  three main drivers of inefficient scope decisions:
• Systematic subsurface over-confidence
• "Intense" reservoir depletion strategies
• Increase risk aversion
Recommendations to address these root causes are presented.

Biography:
Mr. Gächter has over seventeen years of capital project benchmarking experience, specializing
energy and extraction projects. His experience includes large-scale project system
for major oil and natural gas producers. His experience also extends to reviews
over 100 major capital projects worldwide in the petroleum exploration and production and
sectors covering over $5 billion in capital expenditures. Mr. Gächter has managed the
of a diverse group of clients both big and small. These include a , a large
oil company, as well as smaller independent operators. He currently serves as a senior
of the IPA provides education to project professionals globally. Over the
Mr. Gächter has presented at various industry conferences and seminars including the
United States, Europe, Africa, and the Middle East.


Establishing Appropriate Development Concept and Cost – Pasca A Case Study
Peter Kirkham, Twinza Oil

Abstract:

The days of $100+ oil are behind us (for now), but their legacy continues to live on in the
concepts and engineering practices that the environment spawned. In the rush to
in the decade from 2003 to late 2014, oil and gas project costs spiraled out of control.
There are many reasons for these increases such as cost escalation, poor project practices
from an industry, increasingly stringent engineering specifications, and
most simply: high demand for limited contractor services. When considering the capital
to use for exploration economics, it is common to use benchmarks, or perhaps a high-level
based on industry norms, unit rates and similar concepts used previously.
But how relevant are these benchmarks today? If we just take conventional approaches to
and base our capital cost estimates on historical data (thinking that it’s all we have,
we have to use it), then we consign ourselves to a conservative mindset. Exploration requires
thinking, and without it no-one would ever imagine a new play system or dare to drill an
well. The economics to support such require a similar mindset. The
A PNG started concept engineering in October 2014, just as the oil
began to fall. Unlike many other developments, the project was not shelved, and continues
development. One of the reasons for this is the “fit-for-purpose” development
that was adopted. taken during the Pasca A project to illustrate
of project development that others might adopt in a low price environment.

• Clear objectives: Know where you are heading and the development priorities.
ted team: Working together to deliver an concept requires multi-discipline  and communication – particularly for those running the economics at the heart of  project.
• Keep scope under control: Don’t over-design; identify and quantify the that result  cutting scope.
• Appropriate design requirements: Using off-the-shelf design and designing industry  rather than bespoke solutions saves cost.
• Collaborate with contractors: easy to say, harder to do, but keeping an concepts and embracing solutions that meet the functional requirements.
• Understand the economic drivers: increasing NPV is not necessarily the best outcome.

Biography:
Peter is a petroleum engineer with 17 years industry experience across multiple engineering,
and commercial disciplines. He is a member of the Society of Petroleum Engineers
currently serves on the committee the Singapore Section. He started his career at Novus
Petroleum as the Commercial Assistant to CEO and helped manage all aspects of a portfolio
included exploration, development and production operations for assets in Australia,
Indonesia, Egypt, Pakistan, Oman and the United States. He was subsequently involved in the
of Lodore Resources in 2004, a London-listed oil and gas explorer which drilled three
wells in the United States, two of which discovered gas. Peter was a Senior Project
Analyst at Independent Project Analysis where he was involved in the evaluation of more than
65 oil and gas project developments ranging in size from 10s of millions 10s of billions US
, and encompassing a wide variety of development concepts and countries. Today Peter
the Project Engineering Commercialisation Manager at Twinza Oil, based in Singapore. In this
, Peter oversees Twinza’s Pasca A project development in offshore PNG, and has been
in most aspects of the project since early FEL 2.



 

Pricing

registration type
regular
    Member
$50.00

    Non-member/Guest
$75.00

    Student
$30.00

Contact Information

Paulina Svoboda

+65 8718 1460

paulinasvoboda@gmail.com