Taking the Temperature of Scottish oil & gas industry Gerry Love
|
|
- Samantha Young
- 5 years ago
- Views:
Transcription
1 Taking the Temperature of Scottish oil & gas industry Gerry Love
2 Introduction Scotland has long been recognised as a major oil and gas hub a gateway to the North Sea and the Atlantic Ocean. The depth, breadth and strength of skills and experience that the industry in Scotland enjoys are renowned throughout the world. Scotland s role in the global oil and gas industry has long been characterised by constant evolution and development, with Aberdeen at its forefront.
3 UKCS Current State of Play For the past 50 years, the oil and gas industry has played a critical role in Scotland & the UK s economic success. UKCS, within the EU, is estimated to have the largest oil reserves in the EU and the second largest volume of gas reserves after the Netherlands. More than 42.3 billion barrels of oil equivalent (boe) have been produced from the UKCS and 10 to 20 billion boe are estimated to remain UK oil & gas sector supports over 300,000 across the UK Lift costs have halved over the last 2 years from $30 per barrel to $14 July th Licensing round, including relinquished discoveries Decom is the only area with increasing expenditure, 1.2 billion Drilling activity at low level, 14 exploration wells and 8 appraisal wells drilled in 16 North Sea basin needs fresh capital investment 3 new field approvals since 16
4 UKCS Current State of Play The past 5 years have seen exit of majors from UKCS and entrance of independents New entrants are often private equity backed and lack infrastructure and expertise to manage their assets New entrants taking ownership of mature assets maximising economic recovery Recently there has been a lot of activity on mergers & acquisitions, both corporate & supply chain Current thinking is on future collaboration Potential to unlock incremental value through collaborative effort.
5 Innovation Scotland s oil and gas innovators set the pace when it came to working dangerous and inhospitable conditions. Scotland s track record in R&D is recognised as one of the best in the world and the infrastructure exists to take that work into a new era. International operators, have located specialist teams in Aberdeen to be part of the world-class R&D community.
6 Technology Digital Energy Development of digital energy / BIG data and it s applications Plans for National Data Repository Historical asset integrity data allows proactive maintenance, not reactive Marine logistics - offshore logistics optimisation OGTC Solution Centre
7 Can Data Science Help Maximise Economic Recovery? Strategic Objectives 1. Improve the viability of UKCS Operations. 2. Improve the viability of Scottish O&G Companies 3. Increased sales & exports of Scottish developed Digital/ Data Oil & Gas products & services 4 Strategic Ambitions Current price is $70 and this could be a reality for a while Support DS companies to develop Competitive aligned Risk/reward proposals The cost of implementing DS solutions perceived to be high Support operators to build the Investment case, prove & de-risk Investment in DS 5 Major Challenges Too many vendors offering unproven golden bullet solutions Increase & Sustain Exploration through DS Current UKCS Exploration Activity is low Improve reliability & efficiencies through DS Current Production Efficiency is <60%
8 Can Data Science Help Maximise Economic Recovery? Strategic Objectives 1. Improve the viability of UKCS Operations. 2. Improve the viability of Scottish O&G Companies 3. Increased sales & exports of Scottish developed Digital/ Data Oil & Gas products & services 4 Strategic Ambitions Current price is $70 and this could be a reality for a while Support DS companies to develop Competitive aligned Risk/reward proposals The cost of implementing DS solutions perceived to be high Support operators Increase & 5 Major to build Next the steps: Develop Sustain Investment the evidence case, base, economic Challenges prove & model de-risk and potential Exploration Investment actions / investments DS through DS Too many vendors offering unproven golden bullet solutions Current UKCS Exploration Activity is low Improve reliability & efficiencies through DS Current Production Efficiency is <60%
9 Can Data Science Help Maximise Economic Recovery? Strategic Objectives 1. Improve the viability of UKCS Operations. 2. Improve the viability of Scottish O&G Companies 3. Increased sales & exports of Scottish developed Digital/ Data Oil & Gas products & services 4 Strategic Ambitions Current price is $70 and this could be a reality for a while Support DS companies to develop Competitive aligned Risk/reward proposals The cost of implementing DS solutions perceived to be high Support operators to build the Investment case, prove & de-risk Investment in DS 5 Major Challenges Too many vendors offering unproven golden bullet solutions Increase & Sustain Exploration through DS Current UKCS Exploration Activity is low Improve reliability & efficiencies through DS Current Production Efficiency is <60%
10 The Oil and Gas Technology Centre The Oil and Gas Technology Centre (OGTC) will become the global go to centre for solving offshore mature basin, subsea and decommissioning challenges. Driven by industry, the OGTC will draw upon existing expertise residing within industry and academia as well as developing new Centres of Excellence. Focusing on: Exploration Seismic Data and Geoscience Non-seismic Technologies Well Drilling Data Collection and Analysis Rock and Fluid Characterisation Decommissioning Subsea Wells Removal of Equipment / Topsides / Jackets Cross-Cutting Technologies Sensor Technologies Asset Integrity Material Science Flow Assurance Robotics Environmental Science Manufacturing Technology Digital Technology Development & Production Well Drilling, Completion and Wellwork Subsea FPSO Land Data Collection and Analysis Asset Integrity & Production Efficiency Produced Water Handling & Disposal
11 Decommissioning Oil and gas decommissioning is a relatively new market with a new set of challenges and priorities. There are strong synergies with oil and gas exploration, development and production, but also key differences. Scottish Enterprise, Decom North Sea & HIE published Decommissioning Action Plan Dec 16 Working with UK Oil & Gas Authority, Decom North Sea & OGTC to realise the potential for Scottish based companies Scottish Govt announced 5m Decommissioning Challenge Fund to support infrastructure upgrades and innovative salvage & transport methods for Scottish ports
12 Decom The prize on the horizon??? 17.6bn to be spent to % on P&A; only 1.2% on onshore recycling and disposal 900,000 tonnes of material to be brought ashore by 2025 Decommissioning In Central and Northern North Sea, 28 platforms forecast for removal by % of topsides and 90% of substructures yet to be contracted GVA for Scotland could be billion based on capturing between: 70-90% in CNS & NNS and 40-60% in SNS - Well P&A 70-90% in CNS & NNS and 40-60% in SNS - Operator Project Management 35-55% in CNS & NNS and 10-20% in SNS - Removal /associated activity 302 O&G installations eventually to be decommissioned in the UKCS alone
13 Subsea The Scottish oil and gas industry boasts a subsea engineering cluster that is among the strongest in the world. With almost half of the world s subsea installations in the North Sea, Scotland is a global leader in the sector.
14 Subsea The Scottish oil and gas industry boasts a subsea engineering cluster that is among the strongest in the world. With almost half of the world s subsea installations in the North Sea, Scotland is a global leader in the sector. Company Base 200+ companies employing 20,000 people with a strong focus on subsea markets. Annual turnover of 7 billion, more than half of which is exported (equates to one third of the global market for subsea oil & gas). Expected to grow in other emerging markets such as renewable energy, subsea mining and aquaculture Experience of Innovation Scotland is a hub of cutting-edge research and development work. Our track record in R&D is recognised as one of the best in the world and the infrastructure exists, or is under development, to take that work into a new era. World Leading Expertise Expertise residing within the Scottish workforce is exported around the world. All the major global oil & gas engineering companies have significant operations in Scotland, including FMC, GE, OneSubsea, Aker, Subsea 7, Technip and Bibby Offshore.
15 Diversifying The Scottish supply chain s ability to diversify is about much more than new products, services and markets. It s also about new industry opportunities, including offshore wind and nuclear decommissioning. Offshore Wind A growing market concentrated in the UK and Europe. 3 Scottish offshore wind farms with a combined value of 3bn will began construction in Contributing to the 18bn of UK offshore wind investment forecast between 2016 and Nuclear Decommissioning The UK spend between 2bn and 3bn each year on nuclear decommissioning activities. It is forecast that the total cost of fully decommissioning the UK s existing nuclear sites could reach 117bn over a 100 year period.
16 Skills The quality of Scotland s workforce is internationally recognised. The people of Scotland make up one of the best trained, most reliable and cost-competitive labour forces in the world, with generations of experience in onshore and offshore services. Scotland s oil and gas industry has spawned an education and training network that features a diverse but interlinked range of vocational training facilities, education partnerships and specialist business services to the industry.
17 Supplychain in Scotland Scotland has an oil and gas supply chain of around 2,000 companies. 2016/17 Estimated Revenue was 19.1bn. 10.4bn was generated internationally.
18 How is the 10.4bn International Sales made up? 2016/17 SDI / SE International Oil & Gas Survey. Total sales 19.1bn of which 10.4bn was international Country
19 How is the 10.4bn International Sales made up? Azerbaijan Holland India Angola UAE Brazil Saudi Arabia Germany Equatorial Guinea Norway Qatar Nigeria Australia Singapore Canada Kurdistan Russia Kazakhstan Malaysia Ghana Iraq Denmark China USA
20 How is the 10.4bn International Sales made up? Country Sales 1 USA 1.8bn Norway UAE Nigeria Angola / Malaysia Canada / Kazakhstan China / Qatar India Germany / Netherlands Saudi Arabia 0.55bn 0.45bn 0.43bn 0.39bn 0.33bn 0.32bn 0.31bn 0.30bn 0.29bn
21 Company Target Growth Opportunity Region Percentage 1 Middle East 57% EU Asia Pacific Africa North America Non EU Caspian Australasia South America Central America 53% 31% 31% 28% 24% 16% 11% 7% 3%
22 Aberdeen Aberdeen has long been recognized as a major oil and gas hub a gateway to the North Sea and the Atlantic Ocean. The oil capital of Europe is ranked as one of the highest performing cities in the UK. Despite the adverse effect of lower oil prices, Aberdeen still ranks in the top ten performing cities in the UK, according to Demos-PwC.
23 Aberdeen Infrastructure Growth Prior to oil crash drop, Aberdeen was planning for the future A number of major infrastructure projects are in the pipeline or already being developed: Aberdeen Western Peripheral Route Harbour Expansion New Aberdeen Exhibition & Conference Centre New Industrial Parks Westhill ( Subsea Centre ) & Prime 4 ( Statoil, Apache )
24 Aberdeen Harbour
25 Road Aberdeen Western Peripheral Road Significantly improve travel in and around Aberdeen Easier routes to industrial areas and Peterhead supply base.
26 Aberdeen New AECC
27
28 Thank You
Subsea Engineering: Our Action Plan
Subsea Engineering: Our Action Plan Subsea Engineering Action Plan 3 FOREWORD Subsea technology and engineering know-how, honed in the North Sea, in the early eighties are now used around the world in
More informationUnlocking marginal fields UKCS opportunity
Unlocking marginal fields UKCS opportunity Carlo Procaccini Head of Technology 2 February 2017 UKCS the big picture Infrastructure Resources Oil and Gas Revenues 5,000+ wells 250+ subsea systems 3,000+
More information-PILOT & Industry development -Decommissioning. Audrey Banner Head of Offshore Decommissioning Unit, DECC
-PILOT & Industry development -Decommissioning Audrey Banner Head of Offshore Decommissioning Unit, DECC PILOT Joint Industry/Government Strategic Forum Membership includes; 8 members of the board of Oil
More informationNCS Prospects Conference
NCS Prospects Conference OGA Strategy & Plans Gunther Newcombe Director Operations November 2016 OGA OGA became a GOVCO on 1 st October 2016 Progressive regulation Role of the OGA OGA Approach MER UK Strategy
More informationNSRI Mastermining Wave & Tidal Workshop 16/05/18. Opening Address. David Rennie Head of Oil and Gas Scottish Enterprise.
NSRI Mastermining Wave & Tidal Workshop 16/05/18 Opening Address David Rennie Head of Oil and Gas Scottish Enterprise What I am aiming to cover today The economic opportunity associated with the blue economy
More informationCONNECTING CAPABILITY WITH OPPORTUNITY. Supply Chain Capacity and Capability
CONNECTING CAPABILITY WITH OPPORTUNITY Supply Chain Capacity and Capability Potential size of market 2025 based on anticipated CoP dates (NOTE: Assume removal starts within 2 years of CoP) Topside Tonnage
More informationGE OIL & GAS ANNUAL MEETING 2016 Florence, Italy, 1-2 February
Staying focused in a complex world Jakob Thomasen CEO Maersk Oil GE OIL & GAS ANNUAL MEETING 2016 Florence, Italy, 1-2 February 2016 General Electric Company - All rights reserved page 3 Agenda 1. A complex
More informationENGINEERING SERVICES CONSULTANCY
ENGINEERING SERVICES CONSULTANCY Managing complexity, unlocking value Petrofac Engineering & Production Services 02 03 Discover the difference Consultancy services Petrofac is an international service
More informationDelivering Competitive Wells
Delivering Competitive Wells Katy Heidenreich, Operations Optimisation Manager, Oil & Gas UK Mariesha Jaffray, Continuous Improvement Manager, Oil & Gas UK The Mining Institute for Scotland, 14 Feb 2018
More informationSubsea UK Neil Gordon Chief Executive Officer Championing the UK Subsea Sector Across the World
Subsea UK Neil Gordon Chief Executive Officer Championing the UK Subsea Sector Across the World 1 Overview About Subsea UK Facts and figures UK industry evolution Centre of Excellence Technology and Innovation
More informationMER UK Forum Meeting 30 th August 2017
MER UK Forum Meeting 30 th August 2017 List of Attendees See Appendix 1 Opening Remarks Andy Samuel, Chief Executive Oil and Gas Authority Andy Samuel opened the meeting, he thanked everyone for their
More information"North Sea Decommissioning : Market Forecast"
"North Sea Decommissioning -: Market Forecast" Douglas-Westwood Limited 19 th April Ben Wilby, Analyst bw@douglaswestwood.com 1 1 Oil Price Average Spot Price (USD/bbl) 120 100 80 60 40 Spread Mean 20
More informationExecutive Summary and Table of Contents
UK UPSTREAM OIL & GAS SECTOR REPORT 2012/13 Executive Summary and Table of Contents Focused, cutting edge information on the UK Upstream oil and gas industry. Providing detailed and robust analysis of
More informationPresenter: John T. Gremp President and Chief Operating Officer. February 2011
Presenter: John T. Gremp President and Chief Operating Officer February 2011 Director, Investor Relations Robert K. Cherry +1 281 591 4560 rob.cherry@fmcti.com These slides and the accompanying presentation
More informationTidal Energy. Transmission & Distribution Network. Wind Energy. Offshore Substation. Onshore Substation. Tidal Stream Energy.
Offshore Renewables Tidal Energy Transmission & Distribution Network Offshore Substation Wind Energy Onshore Substation Tidal Stream Energy Consumer Atkins in Offshore Renewables The offshore wind journey
More informationDecommissioning. Offshore Europe Seminar
Decommissioning Offshore Europe Seminar September 6th 2017 Outline 1. Accountabilities - Pauline Innes 2. Regulatory Guidance - Pauline Innes 3. Decommissioning Context - Gunther Newcombe 4. Cost Estimate
More informationDelivering the Well Cost Reduction challenge
Delivering the Well Cost Reduction challenge Delivering the well cost reduction challenge Who are Oil & Gas UK? Maximising economic recovery Well cost reduction Problem definition Business case Execution
More informationPROSPEX. UKCS Exploration & Appraisal Status. Gunther Newcombe Director Operations. December 2016
PROSPEX UKCS Exploration & Appraisal Status Gunther Newcombe Director Operations December 2016 OGA OGA became a GOVCO on 1 st October 2016 with additional powers and sanctions Progressive Regulation Role
More informationNorway Resource management and nation building
Norway Resource management and nation building Johan A. Alstad Deputy Director General Norwegian The Canon Institute for Global Studies Tokyo 22 September 2010 The Norwegian Continental Shelf Norway Land
More informationPurpose. Suppor%ng the UK Industrial Strategy. What. Why. Who. How. When
Crea%ng the future Purpose What Why A single, compelling, na/onal vision for the UK oil and gas industry to 2035 that everyone can iden/fy with, support and deliver To provide direc%on and ins/ll confidence
More informationTransition PPT Template. J.P. Morgan. June 2015 V 3.0. Energy Equity Conference June 27, 2017
Transition PPT Template J.P. Morgan June 2015 V 3.0 Energy Equity Conference 2017 June 27, 2017 Forward-Looking Statements This presentation contains forward-looking statements, including, in particular,
More informationNetworking Event for the Oil and Gas Industry
Networking Event for the Oil and Gas Industry Hannover Messe, 27 April 2016 Christian Kiesl, Managing Director Halliburton Germany 2016 Halliburton. All rights reserved. Halliburton Global Franchise Founded
More informationMAERSK SUPPLY SERVICE. Actively taking part in solving the energy challenges of tomorrow
MAERSK SUPPLY SERVICE Actively taking part in solving the energy challenges of tomorrow Utilising our marine capabilities, Expanding to new industries At Maersk Supply Service, we use our marine expertise
More informationThe petroleum industry, internationalisation, 11 and technology development. Industry development and internationalisation
The petroleum industry, internationalisation, employment 11 and technology development Industry development and internationalisation Employment in the petroleum sector The significance of technology development
More informationWhile you wait. write down one question we ll collect them in a moment and address some of them later. Repsol Sinopec Resources UK
While you wait write down one question we ll collect them in a moment and address some of them later 1 Share Fair Floor Plan 2 Who are we? Limited is an oil and gas exploration and production company operating
More informationGreat Reasons to Build Your Career in North East England. Subsea, Marine, and Offshore
Great Reasons to Build Your Career in North East England Subsea, Marine, and Offshore There are many great reasons to build your career in North East England. This presentation, developed through a partnership
More informationAccess to Infrastructure: A new approach for the North Sea
Access to Infrastructure: A new approach for the North Sea 10 th of May 2012 James Paton www.assetdev.com Introduction In the UKCS lack of access to suitable infrastructure is increasingly becoming an
More informationAnalysis of UKCS Operating Costs in 2016
Analysis of UKCS Operating Costs in 216 December 217 Contents Executive summary 3 1. Introduction 4 2. UKCS unit operating costs 5 3. Total OPEX performance 13 4. UKCS offshore field OPEX 14 5. Benchmarking
More informationNatural Gas Exploration and Production Technologies
Natural Gas Exploration and Production Technologies Helge Lund, President & CEO Nina Capital Udnes Markets Tronstad, UpdateExecutive Vice President 8 June 2005 UN Symposium on Sustainable Development Doha,
More informationBrae Area Pre Decommissioning MARATHON BRAE. Brae Area Decommissioning Programme. June Revision 1.0
Brae Area Pre Decommissioning MARATHON BRAE Brae Area Decommissioning Programme June 2017 Revision 1.0 Why is Marathon Oil decommissioning? Decommissioning is a natural step in the life cycle of an oil
More informationFMC CUSTOMER SUPPORT. Ingmar Westervik Operations Manager Operations Norway
FMC CUSTOMER SUPPORT Ingmar Westervik Operations Manager Operations Norway FMC Technologies Named World's Most Admired Oil and Gas Equipment, Services Company, 2010 FMC has been named the 2010 World's
More informationDecommissioning: The next wave of opportunity in Australian oil and gas
Decommissioning: The next wave of opportunity in Australian oil and gas There is a tide in the affairs of men. Which, taken at the flood, leads on to fortune; Omitted, all the voyage of their life Is
More informationScotland / Japan Subsea Research & Development Programme
Scotland / Japan Subsea Research & Development Programme Nippon Foundation Symposium - 02 nd October 2018 Tony Laing Director of Research and Market Access Agenda Introduction Programme Projects Way Forward
More informationSEA CLIFFS SANDY BEACHES. The energy environment
SEA CLIFFS SANDY BEACHES The energy environment FERTILE FARMLAND RUGGED MOUNTAINOUS TERRAIN Caithness and the north coast of Sutherland is a land of contrasts. Its landscape has soaring sea cliffs and
More information2011 Capital Markets Day
2011 Capital Markets Day Geir Håøy President Kongsberg Maritime WORLD CLASS through people, technology and dedication Kongsberg Maritime Introduction Significant market position within the drilling segment
More informationFMC Technologies Overview Fourth Quarter Director, Investor Relations Matt Seinsheimer
FMC Overview Fourth Quarter 2016 Director, Investor Relations Matt Seinsheimer +1 281.260.3665 matthew.seinsheimer@fmcti.com This presentation contains forward-looking statements intended to qualify for
More informationPareto Oil & Offshore Conference 2010
Keppel Offshore & Marine Pareto Oil & Offshore Conference 2010 1 2 September 2010 Tong Chong Heong Chief Executive Officer About Keppel Group Keppel Corporation Offshore & Marine Rig building, offshore
More informationNorth East England: Offshore wind market opportunities
North East England: Offshore wind market opportunities 1 UK overview The UK offshore wind programme is the largest in the world, and is expected to form around half of the European market in the next 10
More informationDECOMMISSIONING INSIGHT Contents
DECOMMISSIONING INSIGHT 2017 DECOMMISSIONING INSIGHT 2017 Contents 1. Foreword 5 2. Key Findings 7 3. The North Sea Decommissioning Market 10 3.1 The Regulatory Environment 11 3.2 A Growing Market 12
More informationOil & Gas Professional Recruitment Solutions
Oil & Gas Professional Recruitment Solutions Quality means a lot for us, too! IMRA In Brief IMRA Group is an international group of Personnel Management, Recruitment & Staffing companies with over 20 years
More informationInternationalization of the Norwegian Supply and Service Industry with focus on Brazil
Internationalization of the Norwegian Supply and Service Industry with focus on Brazil The role of Pre Sal S/A Approach to Norwegian Institutions and Industry 12 August 2015 Country Manager - Brazil Adhemar
More informationWHEN NATIONS NEED TO GO BEYOND OIL. Gulf states put new emphasis on growing local industries
WHEN NATIONS NEED TO GO BEYOND OIL Gulf states put new emphasis on growing local industries Bruno Sousa, Volker Weber, Saji Sam, and Bernhard Hartmann 1 TRANSFORMATION There s a certain symbolism in the
More informationUnlocking future growth for deepwater in the Gulf of Mexico
Unlocking future growth for deepwater in the Gulf of Mexico McKinsey projects deepwater prospects will be an important part of future global oil and gas supply, with the Gulf of Mexico representing a sizable
More informationWHEN NATIONS NEED TO GO BEYOND OIL GULF STATES PUT NEW EMPHASIS ON GROWING LOCAL INDUSTRIES
WHEN NATIONS NEED TO GO BEYOND OIL GULF STATES PUT NEW EMPHASIS ON GROWING LOCAL INDUSTRIES Bruno Sousa Volker Weber Saji Sam 1 There s a certain symbolism in the role South Korea has taken on in helping
More informationSMART SERVICES, ALTRAD SERVICES
SMART SERVICES, ALTRAD SERVICES WHO WE ARE GROUP PROFILE Altrad is a global leader in the provision of industrial services, generating high added value solutions principally for the Oil & Gas, Energy,
More informationENGINEERING SOLUTIONS AND CAPABILITIES. Capacity enhancement for deep water operations THE CHALLENGE THE SOLUTION
Capacity enhancement for deep water operations ENGINEERING SOLUTIONS AND CAPABILITIES THE CHALLENGE THE SOLUTION Operations are taking place in much deeper waters and in more diverse locations, Aquatic
More informationOffshore Trends Deep Pockets, Deepwater. Presented by: Mark Peters Group Publisher
Offshore Trends Deep Pockets, Deepwater Presented by: Mark Peters Group Publisher January 24, 2013 1 Factors Shaping Energy Expansion for the Next Decade: Peak Oil Climate Change Energy Nationalism Growth
More informationOffshore Renewables Institute
Offshore Renewables Institute Introducing the Offshore Renewables Institute (ORI) About Us We bring together experts and expertise from across a broad university partnership: the University of Dundee;
More informationSouth Coast Marine Cluster. World Leading Innovation-led Marine & Maritime Cluster
South Coast Marine Cluster World Leading Innovation-led Marine & Maritime Cluster The South Coast Marine Cluster Concept Began as a cross- local authority and LEP partnership initiative through the GREAT
More informationForum Istanbul AFRICA: Old Continent Big Potential
Forum Istanbul 2018 AFRICA: Old Continent Big Potential Hawa Bibi Khan hawabibi.khan@merit.co.za 3 May 2018 Discussion Introduction: Merit Group Africa & Turkey Turkey s positioning/play in Africa Profile
More informationDecommissioning - The Cost Challenge
OGA 2018 This presentation is for illustrative purposes only. The OGA makes no representations or warranties, express or implied, regarding the quality, completeness or accuracy of the information contained
More informationInter Array Cable Technology Development. Jeremy Featherstone Product Development Director JDR Cable Systems Ltd
Inter Array Cable Technology Development Jeremy Featherstone Product Development Director JDR Cable Systems Ltd 2016 NSRI/ORE Subsea Technological Challenges in Offshore Wind Aberdeen 4 th October 2016
More informationReview of the UK oilfield services industry. January 2016
Review of the UK oilfield services industry January 2016 Wells 04 Review of the UK oilfield services industry January 2016 23 Wells Figure 15: UK upstream oil and gas supply chain sub-sectors Supply chain
More informationSubsea South-East Networking Event. 22 September 2016 Bleeding Heart Restaurant
Subsea South-East Networking Event 22 September 2016 Bleeding Heart Restaurant OVERVIEW 2 ABOUT US World-class provider of the technologies and services that connect the global energy market Through specialist
More informationGE Oil & Gas. Oil & Gas. Business Imperatives. Winning in a strong market ~60%+ $3.0. Lead in technology $1.9. Capture robust market upturn ~80%+ $0.
GE Oil & Gas Oil & Gas $3.0 ~60% Business Imperatives Lead in technology Revenue $1.9 $0.2 $0.3 ~80% Capture robust market upturn Integrate VetcoGray explore other adjacent opportunities Segment Profit
More informationA Perspective on Digitalisation in the Oil and Gas Industry
A Perspective on Digitalisation in the Oil and Gas Industry Datuk Shahrol Halmi, President/Chief Executive Officer 2017 HUAWEI Asia-Pacific Innovation Day 9 November 2017 Grand Hyatt, Kuala Lumpur Malaysia
More informationUpstream at a Turning Point? Oil & Gas Summit 2014
Presentation Upstream at a Turning Point? Oil & Gas Summit 2014 7 th October 2014 ihs.com Simon Wardell, Director, Upstream Research and Consulting +44 203 159 3321, simon.wardell@ihs.com Conventional
More informationCapital Marked Presentation. Dof Subsea Atlantic Region
Capital Marked Presentation Dof Subsea Atlantic Region Agenda Atlantic Business and Area of Operation Clients & Some Ongoing Contracts Our Capabilities Market Outlook DOF Subsea 2 Atlantic Business and
More informationTECHNOLOGY TO SHAPE THE FUTURE OF ENERGY
TECHNOLOGY TO SHAPE THE FUTURE OF ENERGY We are an energy company committed to long term value creation in a low carbon future. Statoil s strong technology base and ability to apply new technologies, constitute
More informationIntegrity Monitoring using AUVs
Integrity Monitoring using AUVs Andrew McMurtrie Business Development Manager NCS Survey Limited Subsea Europe, 27-28 October, in Paris Content Introduction to NCS Survey Low logistics, man-portable AUVs
More informationSponsored by. Created and produced by
Sponsored by Diamond Sponsor Supported by Created and produced by CREATING NEW HORIZONS IN OFFSHORE ENERGY BOSKALIS OFFSHORE ENERGY- FLEET DEVELOPMENTS OFFSHORE ENERGY 2018- RAI AMSTERDAM JACK SPAAN 23
More informationFaroe Petroleum plc ( Faroe, the Company ) Asset swap transaction Maria discovery swapped for Norwegian production assets
11 April 2010 Faroe Petroleum plc ( Faroe, the Company ) Asset swap transaction Maria discovery swapped for Norwegian production assets Faroe Petroleum, the independent oil and gas company focusing principally
More informationOil & Gas Offshore. Industry challenges in deepwater discover
Oil & Gas Offshore Industry challenges in deepwater discover Galp Energia E&P portfolio spread over 4 continents, with main assets located in Portuguese speaking countries 2 Integrated position Enduring
More informationClick to edit Master title style
Click to edit Master title style Subsea technologies for MER UK SUT, IMCA and the Hydrographic Society in Scotland Carlo Procaccini Head of Technology 1 November 2018 Click 2018 to edit Master subtitle
More informationNew realities re-inventing our industry
New realities re-inventing our industry Bob Dudley Group chief executive 5 September 2017 Good morning everyone. Thanks Catherine and thanks Janeen for the introduction. It s great to be back in Aberdeen.
More informationmaintaining our leadership in a changing market Refining: Markets
Refining: maintaining our leadership in a changing market Technip is a long-standing leader in refining. Our position on this market is based on vast and successful experience in the design and construction
More informationWorld Offshore Wind Market Forecast Prospects, Technologies, World Markets
2016 World Offshore Wind Market Forecast 2016-2025 Prospects, Technologies, World Markets Contents Table of Contents 1 Summary and Conclusions...7 Summary... 8 Conclusions... 9 2 Drivers and Indicators...
More informationBlue growth. Stijn Billiet. DG Maritime Affairs and Fisheries
Blue growth Stijn Billiet DG Maritime Affairs and Fisheries Overview The EU's blue economy is already significant 550 billion EUR Gross Value Added (4% of the EU economy), 5 million jobs EU is global market
More informationA A Well Engineer s s Perspective
Mining Institute of Scotland IOM 3 Petroleum and Drilling Engineering Division Material Challenges for North Sea Oil & Gas Production A A Well Engineer s s Perspective ITF Advanced Materials Workshop Steve
More informationEnergi, olje & gass og teknologi - utvikling og muligheter i vår region
Energi, olje & gass og teknologi - utvikling og muligheter i vår region Energi, olje og gass og teknologi, utvikling og muligheter i vår region, v/ Subsea Valley - NCE Energy Technology - Preben Strøm
More informationDriving down the costs of decommissioning through technology. Malcolm Banks & Susi Wiseman Offshore Decommissioning Conference, November 2017
Driving down the costs of decommissioning through technology Malcolm Banks & Susi Wiseman Offshore Decommissioning Conference, November 2017 Creating value Unlock the potential of the UK North Sea Anchor
More informationStrategic Innovation Acceleration - UK marine energy industry: pathway to commercialisation Simon Robertson
Strategic Innovation Acceleration - UK marine energy industry: pathway to commercialisation Simon Robertson Contents Carbon Trust Overview Innovation first principles UK Innovation landscape Marine energy
More informationCatapult Network Summary
Catapult Network Summary 2017 TURNING RESEARCH AND INNOVATION INTO GROWTH Economic impact through turning opportunities into real-world applications The UK s Catapults harness world-class strengths in
More informationThe P&J Platform. For further information regarding our advertising packages contact the P&J Energy Team on:
Media Pack The P&J Platform Energy is an award-winning supplement featured within the P&J, offering unrivalled independent coverage of the UK and the international energy industry Published on the first
More informationRe-use & Decommissioning in The Netherlands: A Joint Effort
EUOAG Meeting Re-use & Decommissioning in The Netherlands: A Joint Effort 20 September 2017 Content Introduction EBN & NOGEPA Netherlands re-use & decommissioning landscape Netherlands Masterplan for Decommissioning
More informationSUPPLY CHAIN CAPACITY REPORT
UKCS DECOMMISSIONING SUPPLY CHAIN CAPACITY REPORT March 218 Produced by 1 CONTENTS EXECUTIVE SUMMARY 4 1 Introduction 8 2 Study findings 2.1 Overall UKCS demand 9 2.2 Platform wells P&A 11 2.3 Subsea wells
More informationNCE Subsea Internasjonale kunnskapskoblinger Hvorfor deltar GCE Subsea i Global Subsea University Alliance?
NCE Subsea Internasjonale kunnskapskoblinger Hvorfor deltar GCE Subsea i Global Subsea University Alliance? CEO Owe Hagesaether, owe.hagesaether@ncesubsea.no 1 The NCE Subsea Cluster 2 Subsea World and
More informationThinking outside the North Sea. When is global domination not global domination? February 2011
Thinking outside the North Sea When is global domination not global domination? February 2011 ODS-Petrodata is recognised as the leading provider of market intelligence to the global oil and gas industry
More informationMaking intelligent energy happen
Making intelligent energy happen Speaker: Bernard Looney Title: managing director, BP North Sea Speech date: 24 March 2010 Venue: 2010 Intelligent Energy conference in Utrecht, Holland It is a great pleasure
More informationThe Role & Importance of Subsea
The Role & Importance of Subsea 27th June 2006 D Turner; BP North Sea Subsea Manager The Role & Importance of Subsea CONTEXT Supply/Demand and Planned Projections (UK) BP s Subsea perspective N Sea and
More informationNSRI/ORE Subsea Technological Challenges in Offshore Wind
NSRI/ORE Subsea Technological Challenges in Offshore Wind Programme Prime 4, Kingswells 4 th October 2016 Organised by 9:00 Registration 9:45 Welcome Gordon has been working in the Subsea sector since
More informationMER UK Forum Steering Group and Task Forces
MER UK Forum Steering Group and Task Forces Annual update 2017 MER UK Forum Annual update 2017 Contents Foreword 3 Overview 4 Asset Stewardship Task Force 6 Decommissioning Task Force 7 Efficiency Task
More informationShaping competitive solutions for the future
Shaping competitive solutions for the future London, 7 February 217 Margareth Øvrum Executive Vice President, Technology, Projects & Drilling (TPD) Illustration: Aasta Hansteen FORWARD-LOOKING STATEMENTS
More informationTECHNOLOGY VISION 2017 IN 60 SECONDS
TECHNOLOGY VISION 2017 IN 60 SECONDS GET THE ESSENTIALS THE BIG READ SHORT ON TIME? VIEW HIGHLIGHTS 5 MIN READ VIEW FULL REPORT 45 MIN READ VIEW SHORT REPORT 15 MIN READ OVERVIEW #TECHV1SION2017 2017 TREND
More informationNoble Corporation. Don Jacobsen Senior Vice President Industry & Government Relations Marine/Offshore Industry Conference 29 March 2012
Noble Corporation Don Jacobsen Senior Vice President Industry & Government Relations 20 Marine/Offshore Industry Conference 29 March 202 Forward Looking Statement These presentations contain forward-looking
More informationWhat made Norway a deepwater hub
What made Norway a deepwater hub Technology mapping, Importance of field trials for accelerated deployment of new technology by Anders J. Steensen, Programme Coordinator, DEMO 2000 The Research Council
More informationCANADA S OCEAN SUPERCLUSTER DRAFT NOVEMBER 1
CANADA S OCEAN SUPERCLUSTER AGENDA 01 What is the Ocean Supercluster? 02 What is the opportunity for business? 03 What is the opportunity for Canada? 04 How will the Ocean Supercluster work? 05 What are
More informationCentrica E&P Devex May, 2017
Centrica E&P Devex 2017 9 May, 2017 Fraser Weir MEng in Manufacturing Sciences, University of Strathclyde MBA, INSEAD Production Engineer, Shell International E&P Principal, The Boston Consulting Group
More informationMinistry of Industry. Indonesia s 4 th Industrial Revolution. Making Indonesia 4.0. Benchmarking Implementasi Industri 4.0 A.T.
Ministry of Industry s 4 th Industrial Revolution Making 4.0 Benchmarking Implementasi Industri 4.0 A.T. Kearney Industry 4.0 initiative is the global trend in the manufacturing industry End of 18 th century
More informationOverview of Global Decommissioning
Overview of Global Decommissioning Presented by Dr. Brian Twomey twomeybg@gmail.com Mobile: +44 7831 355837 CCOP & EPPM Workshop on End of Concession & Decommissioning Guidelines Bangkok, 13 th June 2012
More informationDIGITALISATION OFFSHORE
aveva.com DIGITALISATION OFFSHORE Is it the secret to sustaining lower operating costs? EXECUTIVE SUMMARY September 2017 EXECUTIVE SUMMARY 2 The offshore oil and gas production sector has been particularly
More informationPerenco UK Ltd. SNS Decommissioning
Perenco UK Ltd. SNS Decommissioning EEEGr / Decom North Sea Decommissioning Special Interest Group Event 22 nd November 2012 SNS Decommissioning PUK Assets and Decommissioning Strategy Welland Case Study
More informationTechnology Delivery Programme
Technology Delivery Programme April 2017 Contents 1. Foreword 3 2. Executive summary 4 3. Delivery Programme structure 5 4. Element 1: Set priorities 6 4.1 Technology Strategy 6 4.2 TLB and MER UK Forum
More informationClick to edit Master title style
Lessons Learnt: UKCS Oil and Gas Click to edit Master title style Projects 2011-2016 Jan Manoharan Asset Stewardship Lead, NNS/WoS May 2018 Click to edit Master subtitle style OGA 2018 This presentation
More informationClick to edit Master title style
Wellhead platforms, financing schemes and contracting strategies Finding Petroleum, 21 st February 2018 Rob Gill Wellhead platforms Setting the scene Wellhead platforms worldwide Wellhead platforms in
More informationWHY CHOOSE HFW? OFFSHORE CONSTRUCTION
WHY CHOOSE HFW? OFFSHORE CONSTRUCTION THEY STRIKE THE IDEAL BALANCE OF KNOWING THE LAW, BEING PRACTICAL AND BEING COMMERCIALLY SENSIBLE. THEY WORK HARD TO GET THE BEST RESULT FOR YOU CHAMBERS 2017 HFW
More informationSubsea UK - Underwater Vehicles Conference
Subsea UK - Underwater Vehicles Conference Andrew Reid President, Consulting - Westwood Global Energy 21 st November 217 Market Summary Pricing Estimated drop in prices of between 1% and up to 4% since
More informationOil and Gas Diversification: High Potential Areas, Key Challenges (Operations & Maintenance) BVG Associates ~ Alan Duncan
Oil and Gas Diversification: High Potential Areas, Key Challenges (Operations & Maintenance) BVG Associates ~ Alan Duncan Agenda Serving both O&G and Offshore Wind: a marriage made in heaven or a marriage
More informationGlobal Energy Group s multi-client contract showcases UK-based engineering talent to achieve first oil for Catcher
News release 12 January 2018 Global Energy Group s multi-client contract showcases UK-based engineering talent to achieve first oil for Catcher Global Energy Group (GEG), a Scotland-headquartered energy
More informationOIL & GAS UPSTREAM SECTOR PRESENTATION NAMIBIA PETROLEUM OPERATOR ASSOCIATION. Mr Dennis Zekveld Vice Chair NAMPOA 25 April 2018
OIL & GAS UPSTREAM SECTOR PRESENTATION NAMIBIA PETROLEUM OPERATOR ASSOCIATION Mr Dennis Zekveld Vice Chair NAMPOA 25 April 2018 NAMPOA members Dennis Zekveld Vice Chair Uaapi Utjavari Chair Maria Mbudhi
More information