SPE London Evening Programme: February

Dear members,
We would like to invite you and your colleagues to the February London Section evening meeting for lectures on Egypt, Shale gas development planning (IGAS) and Production Forecasting (IHS).
This event will be held at Imperial College; Royal School of Mines, Prince Consort Road, London, SW7 2BP.
The Royal School of Mines is about 15 minutes’ walk from South Kensington tube station via Exhibition Road and Prince Consort Road.
Please, read more about the agenda, the talk content, and the booking information below.

Regards,
Tim Lines
SPE London Section - Programme Chairman
Email: tim.lines@oilfieldinternational.com

Agenda:

Venue:  The event will be held at  the Department of Earth Science and Engineering, Imperial College London

Map : http://www.imperial.ac.uk/media/imperial-college/visit/public/Map-of-South-Kensington-Campus-%5Bpdf%5D.pdf

Directions : Please note the main entrance to the Department is via the Royal School of Mines Building on Prince Consort Road, between 10 and 12 on the campus map

Booking:  All booking must be paid in advance and online please

Email: katespe@aol.com

Cost: £34 for SPE/PESGB/EI members, £44 non-members, £19 unemployed members. Non refundable £15 for students booking by Friday February 24 ( £19 after ) All tickets have an additional Eventbrite fee.

BEFORE DINNER:

5.00 pm – 5.45 pm, Value Capture in the World Class Mature(ing) Egyptian Oil and Gas Province. Rand Al-Obaidy, Senior Petroleum Engineer & North Africa BD Lead, Gaffney Cline

We are witnessing an increasing interest in the Egyptian oil and gas sector from Egyptian and foreign investors and financial firms seeking flexible, lower cost opportunities. This interest, is at times, accompanied by concerns regarding the balance between risks and profitable opportunities. There are a number of factors that contribute to this; the current low oil price (2015-2016+), national shortage of hard currency and some resistance to change.  This presentation discusses the large potential that Egypt has across the western dessert, the Mediterranean and Gulf of Suez both onshore and offshore. Potential projects will be discussed to demonstrate these options and encourage investors to capture the prize of the next 30 years of Egyptian oil and gas industry.
 
Rand has over eight years’ experience of Petroleum Engineering in the international E&P sector.  She joined GCA direct from university and worked on various projects worldwide, mainly in North Sea, Africa (North Africa in particular) and the Middle East.  Rand’s most recent projects involved Bid Round support, Reserve Audits, Competent Persons Reporting, M&A due diligence and Peer Review Assistance. Rand has Bachelors degree in Petroleum Engineering and she is currently mid-way through her PhD research.
 
Gaffney, Cline & Associates (GCA) is a global oil and gas consultancy that has been offering technical, commercial, and strategic advice to the oil and gas industry for more than 50 years. GCA is particularly recognized as one of the leading providers of Reserves and Resources assessments, which are required for many purposes including statutory market reporting, stock exchange listing, development planning, project finance and asset valuation. GCA also offers a full range of Upstream, Midstream and Downstream consultancy services.
    
5.45 pm – 6.30 pm, Ongoing UK Shale exploration and appraisal. Recent lessons learned. Thomas Wilson, Subsurface Manager, IGas Energy
 

This talk gives an update on the current status of the UK onshore shale operations from one of the country’s leading operators. Emphasis is placed on providing an overview of the current geological understanding and shale prospectivity. With the onshore industry receiving recent approvals to drill exploration wells and to undertake frac operations, a high-level summary of the challenges overcome to date and those flagged in the future will be discussed.

Thomas is a Petroleum Engineer with an MSc from Imperial College London and an undergraduate in Natural Sciences from Birmingham University. He has spent the majority of his career with Hess Corporation working extensively on offshore developments in Scandinavia, Australia, West of Shetland and West Africa. Additionally, he led an operations engineering team for the North Dakota Bakken oil play during a period of rapid growth before joining their strategic planning team out of Houston. Since leaving Hess, Thomas joined IGas Energy as the Subsurface Manager. He is currently coordinating their exploration and appraisal programme for their UK onshore shale assets.

IGas is a leading onshore oil and gas exploration and production business, holding a portfolio of assets focused on four regions: the North West, East Midlands, Scotland and the Weald Basin in Southern England. The business has more than thirty years' experience of successfully and safely extracting and producing hydrocarbons onshore in the UK. IGas operates the largest number of onshore oil and gas fields in Britain, and continues to unlock Britain’s untapped energy potential to deliver economic benefits, energy security and jobs for communities across the UK.

AFTER DINNER: 7.15 pm - 8.45pm:

7.15 pm – 8.45 pm, Getting Closer to the Truth - How Multiple Analysis Methods Increase Confidence in Production Forecasts. Silvia Rey Gomez

When dealing with production data, a simple decline is not always enough to lead to a correct and accurate forecast. In fact, it can often result in extremely optimistic or pessimistic predictions of future production. This presentation will discuss the methods, limitations and recommendations for effective use of traditional decline methods.  The overview will cover different field examples that illustrate how use of flowing material balance can avoid overestimation of your EUR, how flowing material balance and decline analysis can help monitor production through extended periods of time and aid in production optimization; and will illustrate how completing even one additional and complementary analysis method can increase confidence in forecasts. 

IHS Energy is the industry’s authoritative provider of information, analytics, and insight, IHS Energy is where organizations look first for market trends and to see the big picture. We help companies understand the interconnected, dynamic forces that shape the world’s energy markets through our expertise in Economics and Country Risk, Chemicals, and energy-dependent industries.

Our experts and analytical tools enable clients to continuously improve their strategy and operations across the entire energy value chain. The IHS Energy team includes researchers, geoscientists, engineers, data analysts and software developers who are continuously enhancing our forecasts and outlooks, analytical platforms and datasets, including the world’s largest and most complete exploration and production database

Silvia is the Subject Matter Expert for the engineering portfolio in EMEA at IHS Markit. Since graduating in Petroleum Engineering, Silvia has worked in different fields within the oil and gas industry, including roles in Drilling, Geomechanics, Reservoir and Production Engineering and Project Management and has completed international projects in Latin America, Europe and Africa. Joining IHS Markit in 2014, Silvia has held a proactive and strategic role in growing the customer base for the Engineering portfolio by understanding the key workflows and critical challenges in the region and supporting the Reservoir and Production engineering software workflows.