This event is an interactive discussion on overcoming challenges in the future of the oil and gas business, whether they are business related or technology focused. We start by asking - what will be the price of oil? In this discussion we will see whether the price can be predicted and does it have any impact of the future of the oil and gas business. As engineers, we can ask ourselves – can we influence the price of oil? If not the oil price, what can we influence? In order to answer these questions, we need to look at how the future of oil and gas looks like in terms of the technology that we need. Oil and gas will still be required at roughly the same levels as now, for the next 30+ years.
Mike presents a personal approach to what kind of technologies will impact the business from the reservoir, through wells, how oil and gas processing can be revolutionised and what kind of people and processes we might be using. He also looks at how the oil and gas fields in the future could be operated, so that it doesn’t matter what the price of oil is, we can still make money from oil and gas in a safe, sustainable and cost effective manner. We will continue to follow the Well, Reservoir and Facility Management Value Loop, except we will have to deliver the barrels more efficiently, with lower costs. We will need skills, technology and expertise that are currently available, but not necessarily found in the oil industry at the moment, including nano-particles, 3D Printing, multipurpose wells, downhole processing, downhole robotics, artificial intelligence and collaborative working. The new generation of oil people may start life as petroleum engineers, but they will need to develop a range of additional skills. Alternatively, new staff from outside the industry will join and have to adapt to petroleum engineering. The question is, what are you going to do about the future of oil and gas?
Biography – Mike Gunningham, Mike Gunningham Consultancy
Mike is currently a Principal Petroleum Engineering Consultant with over 30 years’ experience around the world in oil and gas fields, both greenfield developments to brownfield production optimisation, re-development and well, reservoir and facility management (WRFM). He was the Head of Subsurface Support Team in Maersk Oil in Qatar (MOQ), and also the Well, Reservoir & Facility Management Team Lead in MOQ, rolling out and embedding WRFM in the Al Shaheen oilfield. Mike graduated from Bradford University with a Chemical Engineering degree before completing his MSc in Petroleum Engineering at Imperial College. Before joining Maersk Oil Qatar in 2011, he has worked for Shell for 26 years, based mainly in Holland, while working all over the world on numerous projects (Bonga, Nigeria NLG, Brunei, Malaysia, Oman, GOM, Canada, Brazil, New Zealand, and half of the North Sea). Mike has been a Production Technologist for most of his career working in Sand Control Completions Research & Development, developing the Ameland Gas Field, Course Director at the Shell Learning Centre, Produce the Limit Consultant and was Sakhalin Energy’s Production Technology Discipline Head. Mike has been an active member of the SPE for 30 years, as Board Chair and Programme Chair for the SPE Qatar Section, Sakhalin and the SPE Netherlands. He has also been IPTC SPE Sub-Committee Co-Chair for the last two Doha based IPTC conferences. In 2009-10, he was a SPE Distinguished Lecturer.