NCS Prospects Conference

Size: px
Start display at page:

Download "NCS Prospects Conference"

Transcription

1 NCS Prospects Conference OGA Strategy & Plans Gunther Newcombe Director Operations November 2016

2 OGA OGA became a GOVCO on 1 st October 2016

3 Progressive regulation Role of the OGA OGA Approach MER UK Strategy binding obligations & safeguards Effective stewardship Sanctions Sanctions Dispute resolution Information & Samples Rewards Meetings Striking the right balance Encouraging collaboration Investment and action Balanced application of new regulatory framework

4 UKCS summary Infrastructure 5,000+ wells 250+ subsea systems 3,000+ pipelines 250 fixed installations Production (boepd) million million million Source OGA and Oil & Gas UK Production efficiency % % 2015 range 30% to 90+% Source OGA Resources Development Exploration & appraisal 43bn Produced Remaining potential 10bn 20bn 6.3bn boe in production or under development 2014 wells wells wells (est) 16 to 19 Source OGA Source OGA Source OGA and Oil & Gas UK Costs Supply chain Jobs Unit costs down by nearly 30% Average unit operating costs have fallen from 18 per barrel in 2014 to an estimate of 13 per barrel in 2016 Source OGA c. 30bn turnover 80% of UK oil and gas jobs 40% through exports Source Oil & Gas UK and EY 330,000 jobs in the UK Delivered through or supported by upstream oil and gas activity Source Oil & Gas UK Improving & adapting to new conditions

5 Mature Yet-to-Find c CNS NNS SNS SNS SNS WOS WOS WOS NNS CNS Number of Wells Source: OGA UKCS has up to 9bnboe YTF in mature areas

6 Exploration and appraisal Lack of funding is a global issue for exploration High well costs and JV misalignment OGA work to ensure inventory is drilled Source: OGA Estimated/OGA forecasts E&A activity currently at low levels but increasing with encouraging discovered & appraised volumes

7 Frontier exploration 80,000 kms new/reprocessed data 2015 & 2016 Programs 2016 seismic data acquisition complete CNS well review & Palaeozoic study issued Competition to define potential 1m prize money shared between 2015 & 2016 New world-class visualization facility 700,000 funding for Lyell Centre in Edinburgh New world-class visualization facility 750,000 for 3 post-doctoral appointments in geoscience & reservoir engineering 40m UK government funding to incentivize frontier exploration

8 Offshore licensing rounds 29 th Round applications closed on 26 th October currently being evaluated

9 Central estimate of reserves/resources mmboe Discoveries Producing fields Ongoing developments Currently locked discoveries 350+ unsanctioned discoveries¹, 3.4bn boe* Small pools (<50mm boe) contain 2.4bn boe* Over 150 small pools in unlicensed acreage Source: OGA ¹ Excluding potential developments currently under discussion * P50 technically recoverable resources Significant potential can be unlocked with a combination of technology, reduced cost & access

10 Reserves Mmboe Mmboe Mmboe Mmboe 157 Mmboe 342 Mmboe 300 Mmboe 65 Mmboe 514 Mmboe 511 Mmboe 566 Mmboe 582 Mmboe Produced Sanctioned Discovered and appraised UKCS production increasing, smaller projects in 2016, successful E&A

11 Asset stewardship Asset owners consistently do the right things to identify & then exploit opportunities Assets are in the hands of those with the collective will, behaviours & capabilities to achieve this Asset stewardship framework developed between OGA, Industry & Government

12 Strategies & expectations All strategies issued, delivery programmes in progress, stewardship expectations end 2016

13 Stewardship expectations 10 Asset Stewardship Expectations JV Hub Strategy Link to supporting obligations of MER UK Strategy and/or Energy Act E&A Work Programme Optimum use of Subsurface Data Licence Activity, Decision Points & Milestones Set out minimum expectations of what good looks like Robust Project Delivery Production Optimisation Information Management Technology Plan Collaboration Planning for Decommissioning Expectations have a one page overview & short guidance Issued in 4Q 2016 with implementation during 2017 Asset Stewardship Expectations co-authored with Industry

14 Key messages Since 1 st October OGA is a GOVCO & has new powers & sanction abilities Significant remaining mature & frontier exploration potential and discovered volumes NPD & OGA working together to share best practice to maximize value OGA, Industry & Government worked to develop an asset stewardship framework Processes and plans now in place with 2017 being about delivery

PROSPEX. UKCS Exploration & Appraisal Status. Gunther Newcombe Director Operations. December 2016

PROSPEX. 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 information

Unlocking marginal fields UKCS opportunity

Unlocking 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

Purpose. Suppor%ng the UK Industrial Strategy. What. Why. Who. How. When

Purpose. 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 information

Access to Infrastructure: A new approach for the North Sea

Access 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 information

UK EXPLORATION WHERE NEXT? OIL & GAS UK BREAKFAST 8 DECEMBER 2015

UK EXPLORATION WHERE NEXT? OIL & GAS UK BREAKFAST 8 DECEMBER 2015 UK EXPLORATION WHERE NEXT? OIL & GAS UK BREAKFAST 8 DECEMBER 2015 Introduction Phil Kirk MD Chrysaor Co-Chair & Industry Lead MER UK Exploration Board Board member Oil & Gas UK Active member OGIA What

More information

Maximising Economic Recovery. Katy Heidenreich Operations Optimisation Manager

Maximising Economic Recovery. Katy Heidenreich Operations Optimisation Manager Maximising Economic Recovery Katy Heidenreich Operations Optimisation Manager 29 November 2017 Reserves/Resources (Billion boe) There is 26 Billion investment yet-to-be sanctioned and potentially much

More information

National Subsea Research Initiative

National Subsea Research Initiative National Subsea Research Initiative Subsea Storage Workshop - Aberdeen NSRI the focal point for Research and Development for the UK subsea industry Peter Blake; NSRI Chairman 2016 Agenda AM Scene setting:

More information

Delivering Competitive Wells

Delivering 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 information

Click to edit Master title style

Click 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 information

Technology Delivery Programme

Technology 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 information

Re-inventing the UKCS to Maximise Economic Recovery

Re-inventing the UKCS to Maximise Economic Recovery OGA 2017 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 information

Delivering the Well Cost Reduction challenge

Delivering 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 information

DEVEX UKCS Discoveries: Present and Future Potential Developments. Dave Moseley, Hannon Westwood

DEVEX UKCS Discoveries: Present and Future Potential Developments. Dave Moseley, Hannon Westwood DEVEX 2015 UKCS Discoveries: Present and Future Potential Developments Dave Moseley, Hannon Westwood Agenda Context - Exploration and Developments, Past and Present The Current UK Discovery Pool Key Economic

More information

Taking the Temperature of Scottish oil & gas industry Gerry Love

Taking the Temperature of Scottish oil & gas industry Gerry Love Taking the Temperature of Scottish oil & gas industry Gerry Love 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,

More information

OIL AND GAS AUTHORITY RESPONSE TO ECONOMY, ENERGY AND TOURISM COMMITTEE REPORT ON FUTURE PROSPECTS FOR OIL AND GAS IN SCOTLAND

OIL AND GAS AUTHORITY RESPONSE TO ECONOMY, ENERGY AND TOURISM COMMITTEE REPORT ON FUTURE PROSPECTS FOR OIL AND GAS IN SCOTLAND OIL AND GAS AUTHOITY ESPONSE TO ECONOMY, ENEGY AND TOUISM COMMITTEE EPOT ON FUTUE POSPECTS FO OIL AND GAS IN SCOTLAND The OGA welcomes the EET Committee s report, which is timely given the very difficult

More information

Executive Summary and Table of Contents

Executive 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 information

Click to edit Master title style

Click 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 information

Using machine learning to identify remaining hydrocarbon potential

Using machine learning to identify remaining hydrocarbon potential Using machine learning to identify remaining hydrocarbon potential The Oil & Gas Technology Centre Open Innovation Programme Call for Ideas Technical Documentation A Call for Ideas, part of the OGTC Open

More information

Decommissioning. Offshore Europe Seminar

Decommissioning. 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 information

MER UK Forum Meeting 30 th August 2017

MER 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

Exploration Strategy

Exploration Strategy Exploration Strategy Contents 1. Foreword 3 2. Executive summary 4 3. Introduction 5 4. Current status 6 4.1 Introduction 6 4.2 The current situation 6 5. Strategic themes, objectives and targets 7 5.1

More information

These questions have exercised DECC and the industry and have come together into

These questions have exercised DECC and the industry and have come together into I ask the question today: Is there a future for Exploration in UK? As a backdrop I use a photo of the Nelson Platform which I took myself over 10 years ago, and this is deliberate, as Nelson is a great

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 & 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 information

Faroe Petroleum plc ( Faroe, the Company ) Asset swap transaction Maria discovery swapped for Norwegian production assets

Faroe 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 information

MER UK Forum Steering Group and Task Forces

MER 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 information

Decommissioning - The Cost Challenge

Decommissioning - 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 information

GE OIL & GAS ANNUAL MEETING 2016 Florence, Italy, 1-2 February

GE 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 information

Welcome to Oil & Gas UK s Market Insight which provides an overview of the current business

Welcome to Oil & Gas UK s Market Insight which provides an overview of the current business MARKET INSIGHT DECEMBER 217 1. Introduction 1 Welcome to Oil & Gas UK s Market Insight which provides an overview of the current business environment, while informing on the latest operational trends

More information

FY19 production and capital expenditure guidance

FY19 production and capital expenditure guidance FY19 production and capital expenditure guidance Release Date: 29 October 2018 (Senex, ) provides the following guidance in relation to FY19 production and capital expenditure: FY19 production guidance

More information

Agenda. EnQuest in and beyond Doing business with EnQuest

Agenda. EnQuest in and beyond Doing business with EnQuest PILOT Share Fair Agenda EnQuest in 2014-15 and beyond Doing business with EnQuest 3 EnQuest values Safe Results with no harm to people and respect for the environment 4 EnQuest 2014 half year results Presentation

More information

Verdiskaping ved å utvikle og ta i bruk OG21-prioriterte teknologier

Verdiskaping ved å utvikle og ta i bruk OG21-prioriterte teknologier Verdiskaping ved å utvikle og ta i bruk OG21-prioriterte teknologier OG 21-Forum Jarand Rystad 30.November 2016 This document is the property of Rystad Energy. The document must not be reproduced or distributed

More information

Standalone Facilities Back to the future SeaCaptaur Unlocking small pools and extending old pools

Standalone Facilities Back to the future SeaCaptaur Unlocking small pools and extending old pools Standalone Facilities Back to the future SeaCaptaur Unlocking small pools and extending old pools Standalone Unmanned Flexible Reusable Offshore Oil Production System www.seacaptaur.com.au 1 History Tank

More information

Stewardship. Expectations. SE-06 Production Optimisation Implementation Guide

Stewardship. Expectations. SE-06 Production Optimisation Implementation Guide Stewardship Expectations SE-06 Production Optimisation Implementation Guide June 2017 2 SE-06 Production Optimisation Implementation Guide 1. Objectives The objectives of this Stewardship Expectation are

More information

ENGINEERING SERVICES CONSULTANCY

ENGINEERING 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 information

Introducing the UNFC Why classify our resources? David MacDonald, Vice President Segment Reserves 27 September, Mexico City

Introducing the UNFC Why classify our resources? David MacDonald, Vice President Segment Reserves 27 September, Mexico City Introducing the UNFC Why classify our resources? David MacDonald, Vice President Segment Reserves 27 September, Mexico City Outline History of resource classifications Fundamental purpose of resource classification

More information

2017 Full Year Results. 8 March 2018

2017 Full Year Results. 8 March 2018 2017 Full Year Results 8 March 2018 Forward-looking statements This presentation may contain forward-looking statements and information that both represents management's current expectations or beliefs

More information

Nigel Lees Regional Director Strategy and Growth Wood Group PSN

Nigel Lees Regional Director Strategy and Growth Wood Group PSN THE PRACTICE OF ENTREPRENEURSHIP Nigel Lees Regional Director Strategy and Growth Wood Group PSN INTRODUCTION The process of decommissioning old and uneconomic assets has been described by many as a huge

More information

Analysis of UKCS Operating Costs in 2016

Analysis 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 information

Annual Statement of Reserves

Annual Statement of Reserves Annual Statement of Reserves Classification of Reserves and Contingent Resources In this document volumes are classified according to the NPD classification system (www.npd.no/regelverk/r2002/ressursklassifisering_e.htm).

More information

Brae Area Pre Decommissioning MARATHON BRAE. Brae Area Decommissioning Programme. June Revision 1.0

Brae 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 information

JANICE DECOMMISSIONING. St Andrews, 16 November 2016

JANICE DECOMMISSIONING. St Andrews, 16 November 2016 JANICE DECOMMISSIONING St Andrews, 16 November 2016 Background Janice History Title of presentation page 3 Central North Sea 175 miles SE of Aberdeen Field discovered in 1990 First production in Feb 1999

More information

The petroleum industry, internationalisation, 11 and technology development. Industry development and internationalisation

The 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 information

AKER BP OG NORDOMRÅDET LANGSIKTIG VERDISKAPNING MED LOKALE RINGVIRKNINGER

AKER BP OG NORDOMRÅDET LANGSIKTIG VERDISKAPNING MED LOKALE RINGVIRKNINGER AKER BP OG NORDOMRÅDET LANGSIKTIG VERDISKAPNING MED LOKALE RINGVIRKNINGER OLJE- OG GASSKONFERANSEN Bodø 8. november 2017 Kyrre Sørensen, Site Manager Area North, Aker BP ASA Aker BP Creating the leading

More information

Good Oil Conference. 7-8 September Slide 0

Good Oil Conference. 7-8 September Slide 0 Good Oil Conference 7-8 September 2010 Slide 0 Upstream oil and gas company Listed on the ASX ROC COMPANY PROFILE Market capitalisation of ~A$250 million (@ $0.35/share) ~713 million shares on issue Net

More information

Block 9 Prospectivity Assessment Identifies Multiple High Impact Exploration Drilling Opportunities

Block 9 Prospectivity Assessment Identifies Multiple High Impact Exploration Drilling Opportunities ASX & Media Release Cuba Update Highlights: Prospectivity assessment confirms Block 9 as one of the world s most exciting onshore exploration opportunities Exploration potential of Block 9 recently upgraded

More information

Husky Energy East Coast Update

Husky Energy East Coast Update Husky Energy June 17, 2009 Trevor Pritchard General Manager Operations Advisory Husky Energy is an integrated energy and energy-related company headquartered in Calgary, Alberta, Canada. Husky Energy is

More information

Reservoir Management

Reservoir Management Reservoir Management Field Development Studies TRACS Evaluations Exploration Production Engineering Unconventional Resources History 02 S. America N. America Europe Africa Asia Australia/Oceania AGR s

More information

Investor Presentation. May 2018

Investor Presentation. May 2018 Investor Presentation May 2018 Forward-looking statements This presentation may contain forward-looking statements and information that both represents management's current expectations or beliefs concerning

More information

Cluff Natural Resources Plc / Index: AIM / Epic: CLNR / Sector: Natural Resources. Cluff Natural Resources Plc ('CLNR' or 'the Company')

Cluff Natural Resources Plc / Index: AIM / Epic: CLNR / Sector: Natural Resources. Cluff Natural Resources Plc ('CLNR' or 'the Company') The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication

More information

New to the Danish area?

New to the Danish area? New to the Danish area? Nordsøfonden - State Partner June 2017 Exploration potential Potential in the Danish area The Danish part of the North Sea is considered a mature area. Nevertheless, the Danish

More information

A Perspective on Digitalisation in the Oil and Gas Industry

A 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 information

TECHNOLOGY TO SHAPE THE FUTURE OF ENERGY

TECHNOLOGY 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 information

Investor Presentation. April 2018

Investor Presentation. April 2018 Investor Presentation April 2018 Forward-looking statements This presentation may contain forward-looking statements and information that both represents management's current expectations or beliefs concerning

More information

PILOT SHARE FAIR. AECC: Wednesday 4 November 2015

PILOT SHARE FAIR. AECC: Wednesday 4 November 2015 PILOT SHARE FAIR AECC: Wednesday 4 November 2015 SECTION HEADING PILOT Share Fair - 4 November 2015 2 AGENDA Total and our strategy Today s challenges Development programme Doing business with Total Q&A

More information

Enhanced Oil Recovery (EOR) Delivery Programme

Enhanced Oil Recovery (EOR) Delivery Programme Enhanced Oil Recovery (EOR) Delivery Contents 1. Foreword 3 2. Executive summary 4 3. EOR Delivery elements 6 3.1 Element 1: Existing EOR projects 7 3.2 Element 2: MER for future EOR projects 8 3.3 Element

More information

ASX Release NILDE AREA PERMIT FARMOUT OFFSHORE ITALY. Highlights

ASX Release NILDE AREA PERMIT FARMOUT OFFSHORE ITALY. Highlights ASX Release 31 October 2018 NILDE AREA PERMIT FARMOUT OFFSHORE ITALY (The d 363 C.R-.AX Permit containing the Nilde Oil Redevelopment Project) Highlights Drilling and Seismic Work Program Fully Funded

More information

OIL & 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 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

For personal use only

For personal use only ASX Announcement Thursday, 14 July 2016 ASX: WPL OTC: WOPEY Woodside Petroleum Ltd. ACN 004 898 962 Woodside Plaza 240 St Georges Terrace Perth WA 6000 Australia www.woodside.com.au WOODSIDE AGREES TO

More information

ASX Release. 20 April Dear Shareholder, ADX Dougga Presentation to ETAP and Ministry in Tunisia

ASX Release. 20 April Dear Shareholder, ADX Dougga Presentation to ETAP and Ministry in Tunisia ASX Release 20 April 2018 Dear Shareholder, ADX Dougga Presentation to ETAP and Ministry in Tunisia ADX Energy Ltd (ASX: ADX) are pleased to advise that the Tunisian national oil company ETAP has requested

More information

NU-OIL AND GAS PLC. AGM January 2019

NU-OIL AND GAS PLC. AGM January 2019 NU-OIL AND GAS AGM January 2019 DISCLAIMER The information contained in this document ( Presentation ) has been prepared by NU-Oil & Gas plc (the Company ). While the information contained herein has been

More information

Cluff Natural Resources Plc / Index: AIM / Epic: CLNR / Sector: Natural Resources

Cluff Natural Resources Plc / Index: AIM / Epic: CLNR / Sector: Natural Resources 30 August 2018 Cluff Natural Resources Plc / Index: AIM / Epic: CLNR / Sector: Natural Resources Cluff Natural Resources Plc ('CLNR' or 'the Company') Formal Award of Six Licences in the UK's 30 th Offshore

More information

Networking Event for the Oil and Gas Industry

Networking 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 information

Faroe Petroleum plc ( Faroe, Faroe Petroleum, the Company ) Norwegian Asset Swap with Equinor

Faroe Petroleum plc ( Faroe, Faroe Petroleum, the Company ) Norwegian Asset Swap with Equinor 5 December 2018 Faroe Petroleum plc ( Faroe, Faroe Petroleum, the Company ) Norwegian Asset Swap with Equinor Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal

More information

We ll Get You There. Petroxin Petroleum Solutions 2016

We ll Get You There.   Petroxin Petroleum Solutions 2016 We ll Get You There. www.petroxin.org Petroxin Petroleum Solutions 2016 Unlocking the previously thought unreachable resources is Petroxin s priority. We focus on creative exploration and production techniques

More information

Company Presentation May.2016

Company Presentation May.2016 Company Presentation May.2016 Our Story Dana Energy has a storied past, and we are proud of our long history. Our history is part of our platform for future success and thus intimately linked to our present

More information

The Directors wish to inform you about recent exploration activities:

The Directors wish to inform you about recent exploration activities: 26 June 2009 Dear Shareholders The Directors wish to inform you about recent exploration activities: MoU was signed with PGS Overseas AS on the Sicily Channel Permits in the Mediterranean Sea and AuDAX

More information

Africa s Leading Independent Oil Company

Africa s Leading Independent Oil Company Tullow Oil plc Africa s Leading Independent Oil Company Paul McDade Chief Operating Officer Deutsche Bank Conference 20 September 2012 Disclaimer This presentation contains certain forward-looking statements

More information

Why Can t I get my Reserves Right?

Why Can t I get my Reserves Right? Why Can t I get my Reserves Right? Mark Hayes Head of Reservoir Engineering RPS Energy Outline Scene set Infill Drilling Small Developments Performance What s going on? Best Practice Suggestions 2 Infill

More information

Technology Insights. April 2018

Technology Insights. April 2018 Technology Insights April 2018 Contents Executive summary 3 1. Introduction 5 2. UKCS Stewardship Survey 7 2.1 Technology findings (2016) 7 2.2 Technology plans 8 2.3 Technology spend and activity 13 2.4

More information

Details of SPE-PRMS can be found here:

Details of SPE-PRMS can be found here: Annual Statement of Reserves 2010 Noreco s classification of reserves follows the SPE/WPC/AAPG/SPEE Petroleum Resources Management System (SPE-PRMS) published in 2007. The system is a recognised resource

More information

FAR in the MSGBC Basin

FAR in the MSGBC Basin FAR in the MSGBC Basin Upstream West Africa Summit 2018 June 2018 FAR success in the MSGBC Basin 2 FAR in the MSGBC Basin The Mauritania-Senegal-Guinea-Bissau- Conakry Basin has emerged as a global hotspot

More information

E&P in the Netherlands; challenges and opportunities

E&P in the Netherlands; challenges and opportunities E&P in the Netherlands; challenges and opportunities facts, figures and futures. Harmen Mijnlieff / Berend Scheffers This presentation Dutch oil and gas fields Hydrocarbon Reserves Tax relief for E&P projects

More information

Review of the UK oilfield services industry. January 2016

Review 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 information

Gulf of Mexico Regions

Gulf of Mexico Regions Investor Day New York City May 17, 2011 AUSTRALIA ARGENTINA CANADA EGYPT NORTH SEA U.S. CENTRAL U.S. GULF Gulf of Mexico Regions Gulf of Mexico Canada Central / Gulf Coast GOM Shelf Texas Proven Returns

More information

Brazil Shareholder visit 2016 Re-shaping Shell, to create a world-class investment case

Brazil Shareholder visit 2016 Re-shaping Shell, to create a world-class investment case Brazil Shareholder visit 2016 Re-shaping Shell, to create a world-class investment case Royal Dutch Shell plc November 9, 2016 Let s make the future Royal Dutch Shell November 9, 2016 Harry Brekelmans

More information

Making intelligent energy happen

Making 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 information

ADVANCE A Plan for Growth in the Newfoundland and Labrador Oil and Gas Industry

ADVANCE A Plan for Growth in the Newfoundland and Labrador Oil and Gas Industry ADVANCE 2030 A Plan for Growth in the Newfoundland and Labrador Oil and Gas Industry Oil and Gas Industry Development Council (left to right) Malcolm Maclean, Bill Fanning, Kimberley Keating, Robert Crosbie,

More information

Integrated approach to upstream decision making. London January 2010

Integrated approach to upstream decision making. London January 2010 Integrated approach to upstream decision making London 20 21 January 2010 MSm3oe/Year MSm3oe % Setting the scene 300,0 250,0 200,0 150,0 100,0 50,0 90 80 70 60 50 40 30 20 10 0 60 50 40 30 20 10 0 0,0

More information

GALOC PHASE II DEVELOPMENT APPROVED AND RESERVES UPGRADED

GALOC PHASE II DEVELOPMENT APPROVED AND RESERVES UPGRADED 11 September 2012 Manager of Company Announcements ASX Limited Level 6, 20 Bridge Street SYDNEY NSW 2000 By E-Lodgement GALOC PHASE II DEVELOPMENT APPROVED AND RESERVES UPGRADED Highlights: Final Investment

More information

Brownfields : The Call for Efficiency

Brownfields : The Call for Efficiency Brownfields : The Call for Efficiency Olivier le Peuch Vice President & General Manager, Schlumberger North Sea DEVEX Conference Aberdeen May 12th 2010 UKCS Brownfields The state of decline or rejuvenation

More information

Driving 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 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 information

For personal use only

For personal use only Unit 14, Level 2, 210 Bagot Road, Subiaco, WA 6008 Australia Tel: (08) 9388 2654 E: info@sacgasco.com ABN 83 114 061 433 15 August 2016 SACRAMENTO BASIN FARMOUT CONFIRMS AMI VALUE Farmout of up to 14%

More information

Shaping competitive solutions for the future

Shaping 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 information

BP plans for significant growth in deepwater Gulf of Mexico

BP plans for significant growth in deepwater Gulf of Mexico BP plans for significant growth in deepwater Gulf of Mexico 8 January 2019 Approval of major expansion at Atlantis field supports strategy of growing advantaged oil production around existing production

More information

SUBSEA 7 AND GRANHERNE ALLIANCE. Engaging Early to Deliver Value

SUBSEA 7 AND GRANHERNE ALLIANCE. Engaging Early to Deliver Value SUBSEA 7 AND GRANHERNE ALLIANCE Viable Solutions Operators are seeking novel and reliable concepts to overcome industry challenges such as complex reservoirs, cost, growth and schedule creep and to optimise

More information

CONNECTING CAPABILITY WITH OPPORTUNITY. Supply Chain Capacity and Capability

CONNECTING 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 information

CHRYSAOR SUBSEA UK LUNCH AND LEARN 23 RD MAY 2017

CHRYSAOR SUBSEA UK LUNCH AND LEARN 23 RD MAY 2017 JE CHRYSAOR SUBSEA UK LUNCH AND LEARN 23 RD MAY 2017 AGENDA Overview of Assets Acquired Key Metrics Chrysaor Key Players Transition Process Mechanics Subsea Overview and Way Forward Supplier Engagement

More information

DECOMMISSIONING INSIGHT Contents

DECOMMISSIONING 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 information

Unlocking future growth for deepwater in the Gulf of Mexico

Unlocking 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 information

Q2 FY18 Quarterly Report for 3 months to 31 December 2017

Q2 FY18 Quarterly Report for 3 months to 31 December 2017 Q2 FY18 Quarterly Report for 3 months to 31 December 2017 23 January 2018 Key features: Quarterly production: up 533% to 0.38 million boe from 0.06 million boe in pcp Quarterly revenue: up 175% on pcp

More information

Forward looking statements

Forward looking statements Exploration Investor Presentation January 2010 Forward looking statements This presentation may contain forward-looking statements and information that both represents management's current expectations

More information

THE OFFSHORE PETROLEUM PRODUCTION AND PIPE-LINES (ASSESSMENT OF ENVIRONMENTAL EFFECTS) REGULATIONS 1999 (AS AMENDED) PETROLEUM OPERATIONS NOTICE No.

THE OFFSHORE PETROLEUM PRODUCTION AND PIPE-LINES (ASSESSMENT OF ENVIRONMENTAL EFFECTS) REGULATIONS 1999 (AS AMENDED) PETROLEUM OPERATIONS NOTICE No. THE OFFSHORE PETROLEUM PRODUCTION AND PIPE-LINES (ASSESSMENT OF ENVIRONMENTAL EFFECTS) REGULATIONS 1999 (AS AMENDED) PETROLEUM OPERATIONS NOTICE No.16 APPLICATION FOR CONSENT OF A PROJECT UNDER THE PETROLEUM

More information

Brent Charlie Ultra Late Life. A Journey in Optimising for Platform Decommissioning

Brent Charlie Ultra Late Life. A Journey in Optimising for Platform Decommissioning Brent Charlie Ultra Late Life A Journey in Optimising for Platform Decommissioning Ian Jackson, Andy Colman, Fola Sanwoolu & Joanna Chan Production Technology Brent Field, Shell UK Ltd 1 Disclaimer Reserves:

More information

: Unlocking material value in the UK North Sea through development

: Unlocking material value in the UK North Sea through development : Unlocking material value in the UK North Sea through development : CORPORATE UPDATE Q4 2018 i3 ENERGY (LON:i3E) Forward looking statements This presentation contains forward-looking statements and information

More information

The Role of E&P Technologies Dr. Donald Paul Vice-President and Chief Technology Officer Chevron Corporation

The Role of E&P Technologies Dr. Donald Paul Vice-President and Chief Technology Officer Chevron Corporation The Role of E&P Technologies Dr. Donald Paul Vice-President and Chief Technology Officer Chevron Corporation Trends in Oil Supply and Demand and Potential for Peaking of Conventional Oil Production Washington

More information

Oil and Gas Exploration Economic Model Manual. Version Introduction

Oil and Gas Exploration Economic Model Manual. Version Introduction Oil and Gas Exploration Economic Model Manual Version 2.00 Introduction This model is designed to provide screening economics for the evaluation of oil and gas exploration prospects and discoveries on

More information

Operational Intelligence to Deliver Smart Solutions. Copyright 2015 OSIsoft, LLC

Operational Intelligence to Deliver Smart Solutions. Copyright 2015 OSIsoft, LLC Operational Intelligence to Deliver Smart Solutions Presented by John de Koning DEFINITIONS AND CAUTIONARY NOTE Reserves: Our use of the term reserves in this presentation means SEC proved oil and gas

More information

Norway Resource management and nation building

Norway 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 information

Matthew Allen MD & CEO Joint Venture partner Byron Energy (Operator) is a proven

Matthew Allen MD & CEO Joint Venture partner Byron Energy (Operator) is a proven 10 December 2015 Manager of Company Announcements ASX Limited Level 6, 20 Bridge Street SYDNEY NSW 2000 By E-Lodgement NEW ACQUISITION SETS OTTO FOR ACTIVE HIGH IMPACT MULTI-WELL DRILLING IN 2016 HIGHLIGHTS:

More information

ATP Oil & Gas Corporation. Advanced Asset Acquisition and Divestiture in Oil & Gas. April 26-27, Gerald W. Schlief, Senior Vice President

ATP Oil & Gas Corporation. Advanced Asset Acquisition and Divestiture in Oil & Gas. April 26-27, Gerald W. Schlief, Senior Vice President ATP Oil & Gas Corporation Advanced Asset Acquisition and Divestiture in Oil & Gas April 26-27, 2006 Gerald W. Schlief, Senior Vice President Forward Looking Statement Certain statements included in this

More information