Issuu

DECEMBER 2019

THE MAGAZINE OF THE PETROLEUM EXPLORATION SOCIETY OF GREAT BRITAIN

I LOVE MY FAULTS!

GeoJim always worried that he could never model faults and contorted cells adequately and then run dynamic simulations. Find out how tNav Tim introduced him to a simple, elegant and integrated solution.

Follow Timâ€™s adventures at www.tNavigator.com/Tim #tNavTim

GEOLOGY

SIMULATION

UNCERTAINTY

NETWORK MODELLING

PES A WORD FROM THE PRESIDENT

It has been a privilege and a pleasure ... Since my election to PESGB Council, the last two years appear to have passed in the blink of an eye. I started my year in office as President hopeful that there would be a tangible upturn in business and operational activity for our industry. The public’s questioning and opposition to fossil fuels is becoming increasingly vocal and has gained traction across the political spectrum. This head wind is likely to continue as our industry adapts and evolves to accommodate future market forces. However, I am confident that the talent of our members will find innovative solutions to the challenges ahead. The PESGB has been greatly affected by the industry downturn with our membership falling from over 6300 in 2014 to around 4000 in 2019. This decrease has sharpened the PESGB’s focus on continuing to provide a compelling service for its members. During 2019, the Society has convened a full and diverse programme of evening lectures

and meetings (including SIGs and Regional Branches), training courses and conferences. The move to Victoria in February of this year has provided the PESGB with excellent training and networking facilities. In addition to these events, the momentum of previous years’ outreach activities (GEOLiteracy) has been maintained in 2019. In May, Dr Steve Etches, MBE, delivered the Stoneley lecture in London, Birmingham and Aberdeen. With a combined audience in excess of 458, Steve provided a fascinating and captivating history of his world class collection of dinosaur fossils. The success of the PESGB is due in great part to those volunteers that contribute to the SIGs. Of particular note are the ‘Young Professionals’ whom have developed a dynamic and engaging programme of events. It is this cohort that will be instrumental in defining the future direction of the PESGB. From what I have seen thus far, it is heartening to witness an enthusiastic and engaged commitment to the PESGB. The PESGB is run on a day to day

I have been extremely fortunate to have worked alongside a dynamic and creative group of Council colleagues. Thank you for all your help and support.

basis by the Executive Director, Maria Iredale. Throughout the course of the year Maria has very effectively managed the ‘business’ side of the Society together with a challenging recruitment programme to ensure the PESGB is well positioned for 2020. The work conducted by Maria and her office colleagues is much appreciated by me and my Council colleagues. I should also take this opportunity to thank Rosy Chirayath (Marketing) who is leaving the PESGB to go solo travelling in South and Central America. Rosy has been with the PESGB since 2013 and has been instrumental in ensuring the success of the PESGB’s big events. I have been extremely fortunate to have worked alongside a dynamic and creative group of Council colleagues. Thank you for all your help and support. I would like to single out two of my colleagues, Gavin Ward (Treasurer) and Tracey Dancy (Communications Director). Both are standing down having served collectively eleven years on Council - their voluntary efforts and contributions are much appreciated! My successor is Beverley Smith and I look forward to supporting her and her new Council in 2020. Unfortunately, I will not be able to attend the Granite City Reception on the 3rd December, but I wish you well and hope you have a great night! Meanwhile in London, with PROSPEX 2019 (11 and 12 December) and the President’s Evening (12 December) yet to come, I hope to catch up with you then. If not, then I wish the PESGB membership a very happy Christmas and a successful 2020.

Martin Durham PESGB President 2019 president@pesgb.org.uk PESGB December 2019 3

PES

DECEMBER 2019

Inside this issue…

EVENTS

N E W S F E AT U R E S

International Asia Pacific North Sea PA G E 1 2

PA G E 1 8

COMMUNITY

Meet the 2020 Council PA G E 3 4

PA G E S 4 8 - 5 5

Guyana: A peek into new discoveries and a field comparative analysis PA G E 4 6

Young Professionals PA G E 4 0

Members on the Move PA G E 4 1

Greenfield developments in Central Asia ensure stable oil supply in the medium term PA G E 5 6

Events p8-33 • Community p34 -43• News p46-59 • Directory p60-62 On the cover: Mount Asahi, Hokkaido, Japan, 2291m (Photo: Callum Inglis) 4 PESGB December 2019

DECEMBER 3 Granite City Reception Underdog 5 Machine Learning SIG Meeting PESGB Offices, Victoria

17 Aberdeen Evening Lecture Jurys Inn Aberdeen 18 Surrey Branch Meeting The White House, Guildford APRIL

5 Old Timers @PROSPEX (afternoon)

2 Machine Learning PESGB Offices, Victoria

11-12 PROSPEX Business Design Centre

14 London Evening Lecture The Geological Society of London

12 Presidentâ€™s Evening Grays Inn

21 Aberdeen Evening Lecture Jurys Inn Aberdeen

2020 JANUARY

24-26 Spireslack Mine Field Trip

2 Machine Learning PESGB Offices, Victoria 14 London Evening Lecture The Geological Society of London 15 Surrey Branch Meeting The White House, Guildford 21 Aberdeen Evening Lecture Jurys Inn Aberdeen 21 Old Timers PESGB Offices, Victoria 23 Berks, Bucks & Oxon Branch Meeting The Three Tuns, Henley on Thames

AUGUST 6 Machine Learning PESGB Offices, Victoria 18 Aberdeen Evening Lecture Jurys Inn Aberdeen SEPTEMBER 3 Machine Learning PESGB Offices, Victoria 8 London Evening Lecture The Geological Society of London

MAY

15-16 HGS-PESGB Africa Conference Norris Conference Centers, Houston, TX

5-6 DEVEX P&J Live

15 Aberdeen Evening Lecture Jurys Inn Aberdeen

7 Machine Learning PESGB Offices, Victoria

16 Surrey Branch Meeting The White House, Guildford

12 London Evening Lecture The Geological Society of London

OCTOBER

19 Aberdeen Evening Lecture Jurys Inn Aberdeen 20 Surrey Branch Meeting The White House, Guildford JUNE

1 Machine Learning PESGB Offices, Victoria 13 London Evening Lecture The Geological Society of London 20 Aberdeen Evening Lecture Jurys Inn Aberdeen

FEBRUARY

4 Machine Learning PESGB Offices, Victoria

NOVEMBER

3-6 African Plate Training Week PESGB Offices, Croydon

9 London Evening Lecture The Geological Society of London

6 Machine Learning PESGB Offices, Victoria

16 Aberdeen Evening Lecture Jurys Inn Aberdeen

11 London Evening Lecture The Geological Society of London

24-25 Asia Pacific E&P Conference Olympia London

18 Aberdeen Evening Lecture Jurys Inn Aberdeen

JULY

18 Surrey Branch Meeting The White House, Guildford

MARCH

2 Machine Learning PESGB Offices, Victoria

24-26 PETEX Business Design Centre London

5 Machine Learning PESGB Offices, Victoria

14 London Evening Lecture The Geological Society of London

10 London Evening Lecture The Geological Society of London

15 28th Oil Industry Hash Run The White House, Guildford

5 Machine Learning PESGB Offices, Victoria 10 London Evening Lecture The Geological Society of London 17 Aberdeen Evening Lecture Jurys Inn Aberdeen

PESGB December 2019 5

ABOUT YOUR MAGAZINE

PES EXECUTIVE COUNCIL President Martin Durham, Egdon Resources President Elect Beverley Smith Vice President David Offer, RPS Energy Treasurer Gavin Ward, RISC Advisory Secretary Raquel Arzola, Edison E&P UK Ltd Director Aberdeen Nick Allan, The Parkmead Group

Please note that this magazine is produced solely for members’ convenience. Circulation is restricted to members of the Society, who are issued with one copy. Additional copies are not available for sale. Although the PESGB does not intend to publish or circulate any article, advertisement or leaflet containing inaccurate or misleading information, the Society cannot accept responsibility for information contained in the magazine or any accompanying leaflets that are published and distributed in good faith by the PESGB. Items contained in this magazine are contributed by individuals and organisations and do not necessarily express the opinions of the PESGB, unless explicitly indicated. Any enquiries regarding advertisements should be made to the advertisers themselves and not to the Society. The PESGB does not accept responsibility for items, articles or any information contained in or distributed with the magazine. Reproduction of the magazine in any form is strictly prohibited. Usage of the magazine or any of its contents for commercial purposes is strictly forbidden. © PESGB 2019

H AV E Y O U R S AY The PESGB welcomes contributions, comments, articles and feedback from the Membership. If you would like to comment on anything you read in the magazine, or perhaps you have an item you would like to be considered for inclusion, please email editor@pesgb.org.uk For advertising enquiries please contact Production Editor Jay Patel at jay@pesgb.org.uk Deadlines for future issues of the PESGB magazine are: Jan/Feb: 1 January

March: 1 February

TA K E N A N Y G R E AT P H O T O S ?

Director Elect Aberdeen James Churchill, Shell Director Young Professionals Nick Holgate, Shell International Director Education & Training Andy Racey Director Outreach Amanda Turner, Lir Resources Director Communications Tracey Dancy, Making Waves Marketing Past President Neil Frewin, Shell International Past Aberdeen Director Henk Kombrink, Lloyd’s Register

PESGB, 3rd Floor, Welby House, 96 Wilton Road, London, SW1V 1DW 020 7408 2000 pesgb@pesgb.org.uk Registered charity no. 1085619

We are always looking for photographs for future covers of the PESGB magazine. If you have some interesting pictures, especially landscape or geological subjects and you are happy to allow their unrestricted use by the PESGB, we would be pleased to hear from you. Please send any images by email to jay@pesgb.org.uk and remember to provide a suitable caption for your images and some context if possible. MEET THE PESGB TEAM Maria Iredale, Executive Director | Samuel Akinwonmi, Finance | Rosy Chirayath, Marketing | Rebecca Dibley, Events | Lydia Dumont, Events | Sunaina Krishna, Events | Sam Neighbour, Membership | Jay Patel, Magazine |

pesgb.org.uk 6 PESGB December 2019

Simona Pzson, Events | Laiqah Shah, Membership | Leanne Smith, Events | Jennie Teehan, Events

W E L B Y H O U S E , 9 6 W I LT O N R O A D , L O N D O N , S W 1 V 1 D W

The PESGB offers a bright, modern, central London venue for meetings, workshops and events. Located in a pleasant street by Victoria Station, our office offers a choice of 2 fully-accessible conferencing and meeting rooms, bookable five days a week.

F U L L D AY (9.00-17.00) Sustaining Sponsor £800+VAT Member £880+VAT Non Member £1,000+VAT

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BOARDROOM C A PA C I T Y 1 4 F U L L D AY (9.00-17.00) Member £380+VAT Non Member £500+VAT H A L F D AY (9.00-12.30/12.30-17.00) Member £240+VAT Non Member £300+VAT

For further information please visit pesgb.org.uk/commercial/venue-hire/ or contact pesgb@pesgb.org.uk or on 0207 408 2000 PESGB December 2019

PES LONDON EVENING LECTURE ABSTRACT THE GEOLOGICAL SOCIETY OF LONDON, BURLINGTON HOUSE, PICCADILLY, W1J 0BD 14 JANUARY 2020, 6PM

UK Geoenergy Observatories: Multi-scale observatory for the UK subsurface With Andrew Kingdon (aki@bgs.ac.uk) and UKGEOS Delivery Team, British Geological Survey

Figure 1: map of UK Geoenergy Observatories Cheshire Energy Research Field Site (CERFS) showing boreholes locations from each of the main borehole arrays. Contains Ordnance Survey data ÂŠ Crown copyright and database rights. All rights reserved 2019. Ordnance Survey [100021290 EUL].

The British Geological Survey exists to give impartial, expert advice on the subsurface to the government, industry and the UK public. Yet discussion about issues like development of unconventional hydrocarbons has been hampered by the lack of comprehensive and open data available to understand the properties of the UK subsurface. Whilst we act as custodian for huge volumes of digital data and physical samples, the lack of complete and internally coherent datasets for common locations makes understanding complex 8 PESGB December 2019

issues problematic. The difficulty in accessing the data necessary to study these problems, especially when immediate responses are required by government or to reassure the general public after any kind of incidents can be a real problem. In June 2019 after a 3 year process the British Geological Survey was given planning permission to deliver the UK Geoenergy Observatories site in Cheshire. The Cheshire Energy Research Facility Site (CERFS) has been designed to deliver brand new research capabilities it the UKâ€™s earth

science community, funded by NERC on behalf of the UKRI. The UK faces many pressures on its environment and it need to ensure energy security in the coming years Resolving these issues and understanding and quantifying risks inherent in any use of the subsurface is critical for public understanding of these issues. These risks need to be expressed honestly and transparently to ensure that the UK public can make informed decisions about how best to decarbonised our economy. CERFS consists of a series of

EVENTS

arrays of different boreholes across a site thatâ€™s approximately 4 km east-west by 3 km north-south. Collectively the arrays will allow the geology of this area to be described and characterised to extremely high resolution (see Figure 1, a map of the drillsite). The site lies across a horst block with grabens either side (See Figure 2, a seismic section that highlights these structures): Array 1 will study the groundwater in the superficial deposits and top of the underlying Permo-Triassic sandstones which are a potable water aquifer; Array 2 will provide the UKâ€™s highest resolution seismometer array capable for measuring earth movement as small as -0.6 to -1.0 M; Array 3 will provide a 1200 m deep research borehole which will define the detailed stratigraphy and the

Permo-Trias and Carboniferous sequences in this area; Array 4 will allow detailed flow testing of the properties of the faults, testing of geothermal potential, and detailed testing of the hydrogeology of the overburden. Once these wells are complete this site will provide a completely unique research infrastructure allowing hydrogeological testing for research questions, testing of new downhole equipment and sensor technologies. The completed drillsite will become the prime site for undertaking geological research and subsurface technologies in the UK. A core component of the UK Geoenergy Observatories approach is the openness and transparency of the data to be collected. All initial data will be made available via the UK Geoenergy Observatories portal

(ukgeos.ac.uk) to the scientific community as soon as possible post acquisition. Basic acquisition data will be available to anyone interested within days to weeks of collection. Scientists will be given the opportunity to take samples of all rock, fluids and gases; they will be given up to 2 year to undertake research under a moratorium, thereafter all of the research results will be added to the portal. The intention is to create an ever growing archive of the geological data around this observatory to improve our understanding of the detailed processes in the subsurface. This will create a location and detailed database of high-resolution geological data which will allow detailed modelling to be undertaken to predict potential future uses of the subsurface.

Figure 2: 2D seismic line and cartoon interpretation from across CERFS drillsites showing in the vicinity of Elton, Cheshire. Seismic data courtesy of UKOGL.

PESGB December 2019 9

PES ABERDEEN EVENING LECTURE ABSTRACT JURYS INN ABERDEEN, UNION SQUARE, GUILD STREET, AB11 5RG 21 JANUARY 2020, Food & drink served from 6:00pm, lecture starts at 6:30pm

Fast, innovative, on time and on budget: Optimisation of the Arran Development With Catherine Tonge, Alastair Honey, Dave Webster and Caroline Gill The Arran field is a gas development of distal Palaeocene turbidites located in the UK Central North Sea. Arran will be developed with four horizontal wells to be drilled from January 2020 with first production planned in early 2021 over the Shearwater Platform host. Two wells will be drilled in the North of the field around a penetrative salt diapir and two into the low relief structure in the Southern part of the field. Shell have a long history of involvement with Arran as a non-operated partner, but stepped in to take over operatorship in 2018 when the previous operator withdrew shortly before sanction. Subsequently, withdrawal of another

10 PESGB December 2019

of the Joint Venture and a change in equity also caused uncertainty and threatened project delivery. The resulting project timeline was ambitious and required a risk based approach, with an integrated team working across all disciplines in close collaboration to enable the project to be delivered within the terms of the license agreement and to a standard acceptable to both the Joint Venture of Shell UK Ltd, Rockrose Energy and ONEDyas, and to the UK regulatory bodies. Prioritisation to work on the projects biggest risks was undertaken to ensure the project could pass through FID while keeping the field

development plan, cost and schedule as close to that promised as possible. During the subsequent work, post FID, an opportunity was identified to yield a CAPEX reduction by moving the surface locations of the wells which despite the project being in execute has subsequently been realised. This paper will firstly document the rapid journey through the transfer of operatorship to FID focussing on risk based decision making and subsequently the integrated work needed to realise the cost saving opportunity, balancing the risks of the change against the reward for making it possible.

EVENTS

The Carboniferous of the Midland Valley Field Trip Leaders: Graham Leslie and Mike Browne, British Geological Survey

Friday 24th – Sunday 26th April 2020 The Spireslack abandoned opencast mine offers a spectacular opportunity to examine many aspects of Carboniferous geology of the Midland Valley in Scotland. During this 1.5 day field trip, which will be led by Graham Leslie and Mike Browne from the British Geological Survey, we will be looking at the sedimentology, structural geology, palaeontology and economic geology of Carboniferous coal bearing strata that have been of great importance in the past. Given the recent activity around the southern margin of the Mid North Sea High, where age-equivalent rocks are found prospective, this field trip offers a good opportunity to study analogues in the field.

AGENDA Friday 24th April – Arrival in village of Cumnock – late afternoon or early evening.

Price: £500 (Includes two nights in a hotel (single-room), travel by minibus from Aberdeen and back, pick-up from Glasgow Airport if required, Friday and Saturday evening meals, packed lunches on Saturday and Sunday and a field trip guide).

pesgb.org.uk

Saturday 25th April – One day visit to Spireslack abandoned opencast mine. During the evening a short lecture will be given by the field trip leaders to put the observations of the day into a more regional and scientific context. Sunday morning 26th April – Visit of a few geological sites to further put the geology of the Midland Valley in context. The field trip will draw to a close after lunch around 1 pm.

PESGB December 2019 11

11-12 DECEMBER 2019 | BUSINESS DESIGN CENTRE, LONDON

R E G I S T E R N O W AT www.prospex.pesgb.org.uk PESGB Member | £186 Non-member | £300

Book 4 tickets and receive a 50% discount on the 5th ticket. Contact events@pesgb.org.uk to benefit from this exclusive offer.

With thanks to our sponsors

PROSPEX 2018 INCLUDED

25 countries represented

The Oil & Gas Authority and PESGB are pleased to announce PROSPEX 2019, the UK’s largest prospects fair. We provide a venue for announced Licensees, E&P companies and governments to market their prospects and meet with potential investors to facilitate the deal making process. E X P L O R AT I O N SIGNAGE

MEDIA PA R T N E R

Contact events@pesgb.org.uk to discuss the remaining 12 PESGB December 2019 sponsorship opportunities

800+ delegates 20% international audience

The extensive conference programme offers a contextual overview of licensing activities and related topics for the UKCS, onshore and surrounding areas. As the premier event for promoting prospects in the UK and adjacent areas, PROSPEX creates a “hot spot” by bringing together key industry players and decision-makers, stakeholders and business leaders. to help advance the value chain from “Prospects to Production.”

More than 30 Prospectors promoting 50+ Prospects

Over a quarter of attendees were Directors, C-Level Executives or VPs

GGS

Brown LLP

Exploro Zebra Data AS 9 9 Sciences

ALS Global

HRH Geology Ltd 9

3 Moyes & Co.

Seismic Image Processing

38 9

SPM Overseas

9 Corporation 9

10 The

Faroese Geological Syrvey 9

ION

GEOESPACE Heritage Oil

Bridge Petroleum

25Holt 25

Energy Advisors

7Zennor

Shearwater

9 99

99 s

3Petroleum Limited

AGR Well Management

43Norwegian

Petroleum Directorate

EXIT

Onshore Geophysical Library

Zenith Europa Oil & Gas Energy Ltd

Cluff Natural Resources

4 3

4 9

TGS

31 16

3Polish

Geological Institute

4 16

Rock Flow Dynamics

Exploration Geosciences (UK)/Canadian Discovery

EXIT

CGG 16

Polarcus

Ikon Science

Drillinginfo

3 Enervus

PP11 PP12

PP1

3 3

PROSPEX Pavilion

PP2

Egdon PetroTrace Westwood Global Energy9 Resources Ltd Group Plc 9

Ireland, Petroleum Affairs

PP4 PP5 PP6 PP7 PP8 PP9 PP3 PP10

PGS

Exceed Energy

GEPlan

Consulting

45 248 2 46 Lloyd's Reserved The Netherlands: OGA 8Register EBN and TNO 3

3 9

Catering & Seating Area

Talon Petroleum

EXIT

67 9

NSNR

MapStand

EXIT

58 9

Painted Wolf Resources

Corallian Energy 9

STAGE

Envoi Limited

Katalyst Data Management

Anderson Anderson &

RPS

17 EXIT (down)

Catering Area

Lyme Bay 1st Consulting Subsurface Western Ltd 9 Geco 9 9

Catering Area

Organisers Office

Fraser Well Management 9

EXIT

Join the following exhibitors: 1st Subsurface AGR ALS Oil and Gas Anderson Anderson & Brown LLP Bridge Petroleum Limited CGG Cluff Natural Resources Corallian Energy Draupner Energy Ltd Egdon Resources Plc Enervus Drillinginfo Envoi Limited Europa Oil & Gas Exceed Energy Exploration Geosciences (UK)/ Canadian Discovery Exploro AS Fraser Well Management GEOESPACE GeoExpro

GeoNova GEPlan Consulting GGS Heritage Oil Holt Energy Advisors Ltd HRH Geology Ltd Ikon Science ION Ireland, Petroleum Affairs Katalyst Data Management Lloyd’s Register Lyme Bay Consulting Ltd Mapstand Limited Moyes & Co. North Sea Natural Resources Norwegian Petroleum Directorate Oil & Gas Authority one&zero Painted Wolf Resources (former Actis Oil and Gas Ltd)

WHY EXHIBIT?

PetroTrace PGS POLARCUS Polish Geological Institute - NRI Rock Flow Dynamics - tNavigator RPS Seismic Image Processing Shearwater GeoServices SPM Overseas Corporation Talon Petroleum (UK) Limited TGS The Faroese Geological Survey The Netherlands: EBN, TNO and EZK UK Onshore Geophysical Library WesternGeco Westwood Global Energy Group Zebra Data Sciences Zenith Energy Ltd Zennor Petroleum Limited

PROSPECTOR £1,200 per 9sqm booth

1 Engage with decision makers and leading experts in the industry.

4 Collaborate and build partnerships with new and existing contacts.

2 Promote your business and generate new investment opportunities.

5 Increase brand awareness within the industry.

O PT IO N A L F U R N IT U R E PA C K A GE : £115.00 for 9 sqm £135.00 for 12 sqm £200.00 for 16 / 18 sqm

6 Showcase your business and network with your target audience.

PAV I L I O N P O S T E R £300 for one panel £350 for two panel

3 Market your prospects and attract new investments.

NON PROSPECTOR £220 per sqm

PESGB December 2019 13 Contact events@pesgb.org.uk to exhibit

W E D N E S D AY 1 1 D E C E M B E R 2 0 1 9 08.30

EXHIBITION OPENS SESSION 1: KEYNOTES

10.00

Opening address and welcome Beverley Smith, PROSPEX 2019 Chair; PESGB President Elect

10.05

The role of exploration in the energy transition Nick Richardson, Oil & Gas Authority

10.30

Unlocking the Glengorm discovery - pressure, patience and persistance Bas Spaargaren, CNOOC International

10.55

Basement in transition – Lancaster the UK’s first basement field Robert Trice, Hurricane

11.20

REFRESHMENT BREAK SESSION 2

11.50

12.10

West of Shetland basement play: Focused imaging to reveal the Rona Ridge’s potential Azza Salem, TGS De-risk West of Shetland Area Exploration using generalized radon transform depth imaging and machine learning methods Dr Can Yang, Seismic Image Processing

12.30

LUNCH SESSION 3

13.20

An Upper Jurassic stratigraphic trap Graham Dore, Talon Petroleum (UK) Ltd

13.40

The Corallian Portfolio Dave Gaudoin, Corallian Energy

14.00

The Devil’s Hole Horst 1967 oil discovery, Quads 27 & 28, West Central Graben The largest undeveloped discovery in the UKCS Niels C Arveschoug, North Sea Natural Resources

14.20

14.40

K2: Huntington’s untested NE compartment Russell Exley, Summit E&P Geochemical evidence for Jurassic-sourced petroleum in the Devil’s Hole Horst oil discovery Dr Marianne Nuzzo, IGI Ltd

15.00

REFRESHMENT BREAK SESSION 4

15.30

15.50

Developing a portfolio of exploration assets in a mature basin Andrew Nunn, Cluff Natural Resources A sweet spot in the UK Permian Basin - the Balvenie and Durham prospects Kees Jongepier, Draupner Energy Ltd

16.10

Bridge Petroleum SNS Jeb Tyrie, Bridge Petroleum Limited

16.30

Undeveloped discoveries: Three farmin opportunities Martin Smith, Tangram Energy

16.50 14 PESGB December 2019

EVENING RECEPTION

T H U R S D AY 1 2 D E C E M B E R 2 0 1 9 08.30

EXHIBITION OPENS SESSION 5: KEYNOTES

09.00

09.30

Licence stewardship - planning and delivering effective work programmes Alana Finlayson, Oil & Gas Authority The key to achieving successful upstream E&P project divestment Mike Lakin, Envoi SESSION 6

10.00

10.20

10.40 11.10

11.40

12.00

12.20

12.40

13.00

A sea of opportunity in the Netherlands: Focus on the Dutch Basin Linda Janssen, EBN B.V. Exploration opportunities in Poland Piotr Nowak, Polish Geological Institute - NRI REFRESHMENT BREAK Exploration trends and emerging themes for the UK and Norway TBC, Westwood Global Energy Rare multi-TCF gas exploration opportunity in an onshore producing basin, Europe Paul Crevello, SPM Overseas Corporation Plays of the Eastern flank of the South Porcupine basin Hugh G Mackay, Europa Oil & Gas Research activities offshore Ireland Dr Kara English, Ireland, Petroleum Affairs Faroe Islands - current status and road ahead Barbara BiskopstÃ¸ Hansen, The Faroese Geological Survey LUNCH SESSION 7

14.00

14.20

14.40

E&P opportunities - near & far Mike Lakin, Envoi Renewed hydrocarbon prospectivity in the Kura-Kartli Foreland Basin, Onshore Central Georgia Angelo Ricciato, GEPlan Consulting New plays in an exploration hotspot: AGC Profond, Senegal and Guinea Bissau Dr Michael Bourne, CNOOC International

15.00

TBC 15.20

REFRESHMENT BREAK SESSION 8

15.50

16.10

16.30

17.00

Reducing exploration risk in the Houtman sub-basin, SW Australia Felix Anderson, RHUL The 2020 Malaysia Bidding Round - Opportunities in Exploration and Discovered Resources Dr Rahim Masoudi, Petronas TBC Newfoundland & Labrador VDR, Petronas - RDR, GeoReality Zebra Data Sciences EXHIBITION CLOSES PESGB December 2019 15

P L AT I N U M

GRANITE CITY RECEPTION 3 DECEMBER 2019 | UnderDog, ABERDEEN

THANK YOU TO

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16 PESGB December 2019

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£46 PESGB Members | £52 Guests Corporate group booking available Tickets include entrance, 3 drinks and food

President’s Evening 2019 12 DECEMBER 2019 | THE HONOURABLE SOCIETY OF GRAY’S INN LONDON

Join us for an evening of celebration in the Inn’s historic Hall, which is the heart of the Inn for its members and contains paintings, shields and stained glass windows dating back to the 15th Century. Register now at www.pesgb.org.uk/events/presidents-evening-2/ Thank you to our sponsors P L AT I N U M

GOLD

S I LV E R

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Austin Bridgeporth Getech HRH Geology

ENVOI Lir Resources

PESGB December 2019 17

2 4 - 2 5 J U N E 2 0 2 0 | C O N F E R E N C E C E N T R E , O LY M P I A L O N D O N

E A R LY B I R D R E G I S T R AT I O N N O W O P E N AT

asiapacific.pesgb.org.uk/ PESGB/SEAPEX Member | £400+VAT Non-member | £455+VAT

AN ARCHIPELAGO OF OPPORTUNITY

#AsPac2020 @PESGB events@pesgb.org.uk +44 (0) 20 7408 2000

PESGB and SEAPEX are pleased to announce Asia Pacific 2020: An Archipelago of Opportunity. The event will build on the success of the SEAPEX conference held in April 2019 in Singapore and PESGB/SEAPEX Asia Pacific Conference 2018 in highlighting the resurgence of E&P interest in Asia-Pacific with new ideas, new plays and new successes. The tagline ‘Archipelago of Opportunity’ is intended to reflect the diversity of new and established petroleum systems and access opportunities close to the rapidly growing energy markets across the Asia-Pacific region. This will again be a geoscience technical conference, that highlights successes and learnings, from the regional to reservoir scale, with numerous opportunities for discussion and networking. By its nature, the event attracts an international audience, including many of the key players in the Asia Pacific Region.

18 PESGB December 2019

A S I A PA C I F I C 2018 INCLUDED

45 exhibitors 10 farmout booths

355 attendees

45%

of delegates from overseas

54 talks

FLOORPLAN

PESGB December 2019 19

EXHIBITOR BENEFITS

BEFORE

DURING

AFTER

Listing on the event exhibitor list and floorplan, both online and in upcoming PESGB magazines

1 complimentary pass to the show per booth booking

Complimentary access to the full Asia Pacific 2020 delegate list

1 LinkedIn post and 1 Twitter Post, organised by PESGB Conferences Ltd, stating your involvement in exhibiting at the event

Priority access to book meeting rooms on-site at the event

Access to the Asia Pacific E&P Conference 2020 Post-show Report

Access to the exhibition manual to assist your in preparing for the event

Lunch and refreshments provided throughout the day

Access to “We’re Exhibiting” banner ads for additional marketing

Company details in the onsite exhibitor guide

Access to the preconference delegate list, prior to the event, to help you with preparations for the event

Listing on the online event exhibitor list and on the floorplan in literature and signage

Access to event photography

B O O K Y O U R S PA C E 1. Reserve your space on the floorplan by completing an online form at https://docs.google.com/forms/d/1rGgCK3MEFqcDQg FJXlhLc8JO1ydsPsvs5EACtQzrWfk/edit 2. Head to the ConferenceExpo Portal to confirm and customise your booking 3. You will recieve an email from the events@pesgb.org.uk confirming your allocation and an invoice will be raised 4. Ensure stand artwork is uploaded to the Conference Expo Portal upto 3 weeks before the show 20 PESGB December 2019

This conference is a great snapshot of some of the great players in the Asia Pacific region, and its great to have the opportunity to talk with them... An excellent conference due to the high profile company people that it attracts

Asia Pac 24/06/2 Olympi

Artists im Please n

Asia Pac 24/06/2 Olympi

Artists im Please n

Asi 24/ Oly

Artists im Please n

92% of exhibitors surveyed at Asia Pacfic E&P Conference 2018 rated the audience as ‘excellent’ or ‘great’

Ar Ple

We are delighted to be working with ConferenceExpo to deliver high-impact hassle-free exhibition stands at Asia Pacific 2020

B R O N Z E | £ 1 , 3 0 0 + VAT Gold

- 1 x High impact, event specific graphic backdrop - 1 x Counter with lockable storage & printed graphic infill - 2x LED lights

Kit includes:

cific 20 ia

Sponsor benefits Enhanced presentation. Turn up and go. Stand specific dimensions Event graphic. Digital content displayed with ease. Save money and time.

• •

mpression graphics and colours used are for illustration purposes only. ©Copyright on this design is reserved for Nimlok Ltd and should not be copied, reproduced or passed on without permission. note that on European projects the furniture shown and quoted will be sourced from the local contractor and may vary slightly in design from that shown. You will be sent pictures of the furniture selected prior to the event

• • •

1 x 1.5M wide backdrop 1 x Standing counter with lockable storage & printed graphic infill 1 x LED light 1 x electrical power board 1 x complimentary registration

G O L D | £ 2 , 0 0 0 + VAT • • Platinum

- 1 x High impact, event specific graphic backdrop - 1 x Counter with lockable storage & printed graphic infill - 3x LED lights

Kit includes:

cific 20 ia

• • •

Sponsor benefits Enhanced presentation. Turn up and go. Event graphic. Stand specific dimensions Digital content displayed with ease. Save money and time.

1 x 3M wide backdrop 1 x Standing counter with lockable storage & printed graphic infill 2 x LED light 1 x electrical power board 1 x complimentary registration

P L AT I N U M | £ 2 , 3 0 0 + VAT

• • • Graphene Kit includes:

- 1 x High impact, event specific graphic backdrop - 1 x Large counter with lockable storage & printed graphic infill - 2 x LED lights

ia Pacific /06/20 ympia

Sponsor benefits Enhanced presentation. Turn up and go. Stand dimensions Event specific graphic. Digital content displayed with ease. Save money and time.

G R A P H E N E | £ 3 , 5 0 0 + VAT • • • • • • • • •

Stand dimensions

1 x 3.9M wide backdrop 1 x Standing counter with lockable storage & printed graphic infill (measurements?) 3 x LED light 1 x electrical power board 2 x complimentary registrations

1 x 4.5M wide backdrop plus front section 1 x Large counter with lockable storage & printed graphic infill 1 x 42’ screen including wireless keyboard, integrated shelf & mouse 1 x 32” Screen 2x Acrylic brochure holders 2x LED lights 2x Stools 1 x Round Bar Table 2 x complimentary registrations

rtists impression graphics and colours used are for illustration purposes only. ©Copyright on this design is reserved for Nimlok Ltd and should not be copied, reproduced or passed on without permission. ease note that on European projects the furniture shown and quoted will be sourced from the local contractor and may vary slightly in design from that shown. You will be sent pictures of the furniture selected prior to the event

Graphene upgrade Kit includes:

PA C K A G E S

• •

- 1 x High impact, event specific graphic backdrop - 1 x Large counter with lockable storage & printed graphic infill - 1 x 43’ HD screen including wireless keyboard & mouse - 1 x 32” screen - 1 x Intergrated keyboard shelf - 2x Acrylic brochure holders - 2 x LED lights - 2 x Stools - 1 x Poseur Table - 1 x Sofa - 1 x Coffee Table

Sponsor benefits Enhanced presentation. Turn up and go. Event specific graphic. Digital content displayed with Save money and time.

U P G R A D E Y O U R S TA N D W I T H T H E F U R N I T U R E B E L O W V I A T H E P O R TA L Bronze upgrade Kit includes:

Asia Pacific 24/06/20 Olympia

Gold upgrade

- 1 x High impact, event specific graphic backdrop Kit includes: - 1 x Counter with lockable storage & printed graphic infill - 1 x Intergrated keyboard shelf - 1 x 32’ HD screen including wireless keyboard & mouse Asia Pacific - 2x Acrylic brochure holders 24/06/20 - 1 x Stool Olympia - 1 x LED light

- 1 x High impact, event specific graphic backdrop - 1 x Counter with lockable storage & printed graphic infill Sponsor benefits- 1 x 43’ HD screen including wireless keyboard & mouse Enhanced presentation. - 1 x Intergrated keyboard shelf Turn up and go. - 2x Acrylic brochure holders Event specific graphic. - 2x LED lights Asia Pacific Digital content displayed with ease. - 1 x Stools 24/06/20 Save money and- time. 1 x Poseur Table Olympia

Platinum upgrade

Sponsor benefits Enhanced presentation. Turn Kit up includes: and go. Event specific graphic. Digital content displayed with ease. Save money and time.

Stand dimensions Stand dimensions

Asia Pacific 24/06/20

- 1 x High impact, event specific graphic backdrop - 1 x Counter with lockable storage & printed graphic infill - 1 x 43’ HD screen including wireless keyboard & mouse - 1 x Intergrated keyboard shelf - 2x Acrylic brochure holders - 3x LED lights - 1 x Stools - 1 x Poseur Table - 1 x Sofa - 1 x Coffee Table

Olympia Sponsor benefits Enhanced presentation. Turn up and go. Event specific graphic. Digital content displayed with ease. Save money and time.

Stand dimensions

PESGB December 2019 21

Stand dimensions

HEADLINE SPONSOR

SPONSOR

Become a headline sponsor of the Asia Pacific Conference in London I N D U S T R Y PA R T N E R | £ 7 , 0 0 0 - S O L D

WHY SPONSOR? Promote your company to your target market by connecting with 350+ professionals working in the Asia Pacific region Reach a new audience

As a partner of the event, you recognise the value of what PESGB and SEAPEX are doing in bringing the two communities together, sharing knowledge and creating something new for industry. Your logo will prominently sit next to PESGB and SEAPEX and you will be advertised as a show partner. TECHNICAL SPONSOR This company wants to be associated with technical excellence and innovation

Advertise your company to the PESGB and SEAPEX audience, with a combined reach of more than 6000 people working in the Petroleum Industry and at the show itself to 350+ delegates

TECHNICAL PROGRAMME & AV | £5,000 - SOLD A highly visible sponsorship package, your company logo will appear on the hard copy and digital timetable and on the holding slides and in the auditorium. FA R M O U T | £ 4 , 0 0 0

Would you like to support Asia Pacific 2020 in an alternative way? Flexible and bespoke sponsorship packages are available... Contact events@pesgb.org.uk to discuss the possibilities. All prices are subject to VAT at 20%

D E L E G AT E S P O N S O R For those interested in raising their profile among the delegates. Get your name to the forefront of the minds of the delegates. R E G I S T R AT I O N | £ 2 , 8 0 0 Always a popular item for sponsorship. This is something that is one of the first things people seeso widespread exposure is guaranteed. The sponsors logo will also be featured on the ‘thank you’ slides on holding slides between presentations. B A D G E L A N YA R D S | £ 4 , 0 0 0 - S O L D The lanyards will be one of the first items picked up for sponsorship, a great way to turn delegates into walking advertising for your company. In addition to the lanyards, sponsorship of this product also guarantees that your logo will be on the Thank you Sponsors holding slides during the conference.

2018 SPONSORS

OCEAN REACH ADVISORY

22 PESGB December 2019

The farm outs area will be within the main networking area but with its own specific colour branding to highlight the significance. Your logo be prominently displayed in the farm out area and included on all mailshots announcing the area. In addition your logo will feature on the ‘thank you sponsors’ holding slide in the main conference.

6XQGD*DV

D E L E G AT E L I S T | £ 1 , 5 0 0 The delegate list will be a full colour PDF which will be downloadable from our website. Sponsors details will be printed on a special card with a QR code to the delegate list on the website. The sponsors logo will feature on both the downloaded list and the QR code card in the delegate pack.

NETWORKING SPONSOR

You recognise the value of networking in the Oil and Gas industries and its capacity to facilitate deals ICEBREAKER RECEPTION | £ 7 5 0 ( P E R S P O N S O R - 4 AVA I L A B L E ) - 3 SOLD The ice breaker is the first opportunity for delegates to get together for the Asia Pacific E & P Conference. An exciting event with a short welcome speech by the organisers. Held in a hotel local to the venue where many delegates and exhibitors are staying, The sponsors branding will be on the welcome signage and on the tables and drinks areas.

REFRESHMENT BREAKS | £ 2 , 0 0 0 P E R D AY ( 2 AVA I L A B L E ) An excellent opportunity to sponsor some of the delegates favourite things, food, drink and networking! Your branding will appear at serving stations communicating your company support for the conference. In addition your logo will feature on our thank the sponsor slides shown in the conference breaks.

PUB CRAWL | £ 2 , 5 0 0 P E R P U B ( 2 AVA I L A B L E )

BUSINESS SPONSOR

You recognise the value of the doing business at exhibitions to promote exploration and make deals happen SIGNAGE | £2,500 Your company logo will appear on hard copy signs throughout the show. The directional signs from the ground floor and around the conference. Signage will be high quality and the logo will feature prominently. S H O W C ATA L O G U E | £ 3 , 0 0 0 Everyone in the event will be using the catalogue to identify where they are, which stand to visit and what they’ll want to do on the day. Your sponsorship gives you a full page advert in the catalogue and your logo featured prominently. A sure way of getting your branding across to your audience. WiFi | £5,000 Wi-Fi sponsorship is a wonderful way to engage with the delegates and exhibitors as everyone will sign up through a portal branded with your logo and company details. Further hard signage will be around the venue with the Wi-Fi code on that will have your logo exclusively. Always a popular choice among the sponsor opportunities.

Thursday’s pub crawl drinks are a great opportunity to wind down after the conference with new and established contacts. Your logo will be used by the delegates to acquire a free drink in the pubs surrounding Olympia at various times during the evening. All the pubs will be directly outside Olympia and will display your logo on their bar. The map card will be part of the delegate pack that will be given out at the beginning of the conference.

GENERAL SPONSOR Options ranging from £1,000-£5,000 Those opting for General Sponsorship will be featured around the venue on banners and on the conference website on banners in the run up to the conference. They will feature on a special conference sponsor card in the delegate pack and on a special holding slide which will be used as the introduction to all technical talks. PESGB December 2019 23

24-26 NOVEMBER 2020 BUSINESS DESIGN CENTRE LONDON

petex.pesgb.org.uk

PETEX 2018 INCLUDED

116 exhibitors 1,283 sq ft of exhibition

#PETEX2020 @PESGB events@pesgb.org.uk +44 (0) 20 7408 2000

24 PESGB December 2019

PETEX is the largest subsurfacefocussed global E&P conference and exhibition in the UK. Complementing the technical conference, over 6500m2 of exhibition space will feature industry operators, service companies, national oil companies, financial companies and professional organisations. With a technical programme primed to discuss the latest global activity in exploration, field development, reservoir management and unconventional exploitation, and numerous opportunities for networking, PETEXâ€™s audience reflects its high quality, technical conference content.

2800+ attendees

31 Countries represented

20%

of delegates from overseas 27% Senior Management & Directors

FLOORPLAN Open for general release on Thursday 5 December 2019

PINK ZONE SHELL SCHEME

6-10sqm | £370 per sqm | 1 comp ticket and 1 half-price

11-14sqm | £360 per sqm | 2 comp tickets

15-24sqm | £325 per sqm | 2 comp tickets and 1 halfprice 24sqm and above | £305 per sqm | 3 comp ticket

S PA C E O N LY

MEZZANINE

SHELL SCHEME

15-24sqm | £325 per sqm | 2 comp tickets and 1 halfprice 24sqm and above | £305 per sqm | 3 comp tickets

S PA C E O N LY

11-14sqm | £330 per sqm | 2 comp tickets

15-24sqm | £305 per sqm | 2 comp tickets and 1 halfprice

24sqm and above | £290 per sqm | 3 comp tickets

BLUE ZONE G R A P H I C S TA N D £1200 for a 2.4m stand | 1 comp ticket and 1 half-price

G A L L E R Y HALL

G A L L E R Y LEVEL

VILLAGE GREEN

PINK ZONE

GREEN ZONE SHELL SCHEME 6sqm | £325 per sqm | 1 comp ticket and 1 half-price

PESGB December 2019 25

African Plate Training Week Delivered by Dr Duncan Macgregor 3 - 6 F E B R U A R Y 2 0 2 0 | P E S G B T R A I N I N G F A C I L I T Y, V I C T O R I A 2 m o n t h s l e f t t o r e g i s t e r, s p a c e s a r e l i m i t e d Get a head start on your regional project or licence round evaluation project by getting the regional picture quickly and cheaply You may register for each regional module individually or the whole set. Each regional module consists of sections on: • •

• •

• • •

D AY 1 | M E D I T E R R A N E A N & R E D S E A S D AY 2 | N O RT H A N D N O RT H - W E S T A F R I C A D AY 3 | W E S T A F R I C A D AY 4 | E A S T A F R I C A

Tectonic setting and thermal regime Petroleum system elements (incl biogenic and thermogenic source systems) Source to sink systems Main plays and exploration history, including conjugate margin analogues Key producing and frontier Basins Current activity, opportunities and recent discoveries Exercises

For further examples of training material and presenter bio see www.macgeology.co.uk/ training-courses

Register now at www.pesgb.org.uk/events/african-plate-training-week/ £200+VAT per day or £600+VAT for the complete set PESGB December 2019

EVENTS

PESGB Geophysics Special Interest Group Seminar Geophysical acquisition techniques and their impact on hydrocarbon exploration, field development and reservoir production success 12-13 May 2020 The Geological Society, London

The seminar will consider the latest geophysical acquisition technologies and methodologies impacting on hydrocarbon reservoir risk, uncertainty and producibility. Topics may include Non-Seismic and Seismic acquisition including streamers, nodes, sources and the impact these improved methods have on subsurface imaging. For initial indication of interest please send the proposed title and authors to jim.henderson@trace-editors.co.uk by 31 January 2020. The deadline for final abstract submission is 31 March 2020. Instructions regarding formatting of abstracts will be listed on the SIG webpage https://www.pesgb.org.uk/ membership/special-interest-groups/ geophysics/

Call for Papers / Sponsors pesgb.org.uk

Offers to sponsor the event would be most gratefully received. Sponsorship will help reduce individual registration fee thereby encouraging a wider industry attendance. Sponsors will be widely acknowledged, including in future advertising, presentations and abstract volume. Please contact lydia@ pesgb.org.uk for further information. Registration details soon to be released.

PESGB December 2019 27

Corporate Supporters:

Call for Abstracts – Deadline: 31 January 2020

New learning from exploration and development in the UKCS Atlantic Margin 20-22 May 2020

Robert Gordon University, Aberdeen

Convenors: Noah Jaffey Shell Jamie Collins BP Clayton Grove Siccar Point Energy Olga Shtukert Western Geco Christopher Bugg Total Douglas Watson ExxonMobil

Sponsored by:

The UK Atlantic margin, including the West of Shetlands area, is the location of the UK’s largest remaining hydrocarbon reserves, the largest recent field development investments and holds the greatest potential for future material discoveries in the UK. In the 10 years since the last Geological Society conference on this region, great advances have been made in the understanding of its diverse plays, from fractured basement to Eocene coastal deposits, and everything in between. This three day meeting gives a unique opportunity to learn about the geoscience of recent discoveries and field developments, as well as how technology is developing to meet the imaging and drilling challenges of the area. For a fully immersive experience, there is an opportunity to see the diverse range of reservoirs in outcrop on the Isle of Skye (15-17 May) and in core at the Iron Mountain facility at Dyce (19 May).

Associated events: • Three day field trip to the Isle of Skye run by Nick Schofield (Aberdeen University) and Stuart Archer (Nautilus RPS)

• Guided core viewing day at Iron Mountain (Dyce) • Social programme to include a conference dinner.

Conference themes: • Paleocene deep water reservoirs • Mesozoic pre-, syn-, and post-rift plays • Palaeozoic play (e.g. Carboniferous and Devonian at the Clair field) • Non-clastic plays (e.g. fractured basement, volcanics, carbonates) • Paleocene-Eocene volcanic-associated reservoirs

• Extra-UK Atlantic Margin • Multidisciplinary technology session (e.g. advances in drilling techniques, sub-sill imaging, EOR) • Geodynamics, basin modelling, thermal and uplift/ subsidence history, migration routes • What’s next? The next 10 years for exploration and development in the region.

Call for Abstracts: Please submit talk or poster abstract to sarah.woodcock@geolsoc.org.uk by 31 January 2020.

For further information please contact: Sarah Woodcock, The Geological Society, Burlington House, Piccadilly, London W1J 0BG. Tel: +44 (0)20 7434 9944

At the forefront of petroleum geoscience 28 PESGB December 2019

www.geolsoc.org.uk/petroleum

#PGAtlanticMargins20

Corporate Corporate Supporters: Supporters:

Call for Call forAbstracts Abstracts- Deadline - Deadline2020December December2019 2019

Core CoreValues: Values:the theRole Roleof ofCore Corein in21st 21st CenturyReservoir ReservoirCharacterisation Characterisation Century 26-28May May2020 2020 26-28 Convenors: Convenors:

TheGeological GeologicalSociety, Society,Burlington BurlingtonHouse, House,Piccadilly, Piccadilly,London London The

Adrian Neal Adrian Neal

Badley Ashton - Chair Badley Ashton - Chair

Lucy Williams Lucy Williams Rockhopper Rockhopper

Mike Ashton Mike Ashton Ashton Geology Ashton Geology

Steve Dee Steve Dee BP BP

Cliff Lovelock Cliff Lovelock Shell Shell

Emma Jude Emma Jude BP BP

Anton Padin Anton Padin Total Total

Keynote Speakers: Keynote Speakers:

Mike Bowman Mike Bowman

Manchester University Manchester University

Patricio Desjardins Patricio Desjardins Shell UCs, Houston Shell UCs, Houston

Hakkon Fossen Hakkon Fossen Bergen University Bergen University

Bruce Levell Bruce Levell

Oxford University Oxford University

Anna Matthews Anna Matthews BP

Nordine Sabaou Nordine Sabaou BHP, Houston BHP, Houston

Kate Smout Kate Smout Shell Shell

Sponsors: Sponsors:

Reynolds Krevor 2015 Reynolds andand Krevor 2015

Core traditionally played a key role characterisation conventional and unconventional Core hashas traditionally played a key role in in thethe characterisation of of conventional and unconventional hydrocarbon reservoirs, from exploration mature production.It is It is the only means whichtotoobserve observeand and hydrocarbon reservoirs, from exploration to to mature production. the only means byby which make measurements actual reservoir rock.However, However, recent industry downturn hasdriven drivenmany manytoto make measurements onon actual reservoir rock. thethe recent oiloil industry downturn has question value of taking core, due associated increased costs and potential risks welloperations. operations. question thethe value of taking core, due to to thethe associated increased costs and potential risks totowell In tandem, advances in other reservoir visualisation techniques, such seismic and boreholeimaging, imaging,have have In tandem, advances in other reservoir visualisation techniques, such asas seismic and borehole been used to give weight contention that coring increasingly redundant means characterising been used to give weight to to thethe contention that coring is is anan increasingly redundant means ofofcharacterising reservoirs. reservoirs.

Through four main themes 3-day conference aim redress the balance this debatebybyexploring exploring Through four main themes thisthis 3-day conference willwill aim to to redress the balance in in this debate core can, should, play 21st century exploration production cycle: thethe rolerole core can, or or should, play in in thethe 21st century exploration to to production cycle: Is core critical to sound commercial decision making? • Is• core critical to sound commercial decision making? • What are the challenges and benefits of integrating core-derived understanding across the geological, • What are the challenges and benefits of integrating core-derived understanding across the geological, petrophysical and engineering spectrum? petrophysical and engineering spectrum? • Integration of traditional core characterisation methods with new core, well and reservoir visualisation and • Integration of traditional core characterisation methods with new core, well and reservoir visualisation and mapping technologies - is the sum greater than its parts? mapping technologies - is the sum greater than its parts? • How can the extensive network of global legacy core collections best be utilised to maximise their business • How can the extensive network of global legacy core collections best be utilised to maximise their business and research worth? and research worth? Dedicated sessions will allow delegates to view core that has been central to addressing many key reservoir Dedicated sessions will allow delegates to view core that has been central to addressing many key reservoir issues, under the direct guidance of those responsible for meeting such challenges. Speakers are thus invited issues, under the direct guidance of those responsible for meeting such challenges. Speakers are thus invited to bring core to illustrate their presentation, and indicate if this is of interest when submitting an abstract. to bring core to illustrate their presentation, and indicate if this is of interest when submitting an abstract.

For further information please contact: For further information please contact:

Please submit abstract submissions to abstracts@geolsoc.org.uk and copy to Sarah Please submit abstract submissions to abstracts@geolsoc.org.uk and copy to Sarah Woodcock, sarah.woodcock@geolsoc.org.uk Woodcock, sarah.woodcock@geolsoc.org.uk For more information please contact Sarah Woodcock. For more information please contact Sarah Woodcock.

theforefront forefrontofofpetroleum petroleumgeoscience geoscience AtAtthe www.geolsoc.org.uk/petroleum PESGB December 2019 29 www.geolsoc.org.uk/petroleum #PGCoreValues20

MAY 2020, P&J LIVE, ABERDEEN 5-65-6 MAY 2020, P&J LIVE, ABERDEEN

EMBRACING THE NEW WAVE– –THE THEROLE ROLEOFOFCOLLABORATION COLLABORATIONAND AND EMBRACING THE NEW WAVE TECHNOLOGY THENEW NEWERA ERAOFOFTHE THENORTH NORTHSEA SEA TECHNOLOGY ININ THE

DEVEX is the only conference of its size which is focused on the full cycle DEVEX is the only conference of its size which is focused on theinfull of reservoir discovery, evaluation, development and recovery thecycle UK and of reservoir evaluation, development in thetoUK and provides discovery, excellent opportunities for engineersand andrecovery geoscientists come provides excellent opportunities together and share knowledge.for engineers and geoscientists to come together and share knowledge. Abstracts are open until 31 January and we are inviting companies to submit short 200 Abstracts are openon until 31 January inviting word abstracts topics includingand butwe notare limited to: companies to submit short 200 word abstracts on topics including but not limited to: • Advanced Recovery Mechanisms – • Case histories on maximising Waterflood to EOR Mechanisms – production • Advanced Recovery • Case histories on maximising • Waterflood Near FieldtoOpportunities • Case histories on redevelopment of EOR production Facilities enhancements to improve fields • • Near Field Opportunities • Case histories on redevelopment of efficiency • Case histories on the use of new • Facilities enhancements to improve fields • efficiency Big Data, Artificial Intelligence technology or novel approaches • Case histories on the use of new Machine Learning – practical • Frontier Exploration • Bigand Data, Artificial Intelligence technology or novel approaches applications. and Machine Learning – practical • Frontier Exploration

applications. For more information on the conference, sponsorship or exhibition opportunities, www.devex-conference.org or callsponsorship 01224 646311.or exhibition opportunities, Forvisit more information on the conference, visit www.devex-conference.org or call 01224 646311. DEVEX 2020 ORGANISERS

DEVEX 2020 ORGANISERS

PRINCIPAL PARTNERS

PRINCIPAL PARTNERS 30 PESGB December 2019

#digex2020

#DIGEX 2020 T H E D I G I TA L S U B S U R FAC E 28-29 January 2020 | Scandic Oslo Airport d igex .no D I G ITAL PE R S PE C TIVE S D I G ITAL F R AM E WO R K FO R A CO M PE TITIVE I N D U S TRY PL ATFO R M S – H OW TO AVO I D LO C K- I N S PAN E L D E BATE S U B S U R FAC E I N N OVATI O N S & D I G ITAL SO LUTI O N S MINDSHIFT N E W D I G ITAL WO R K F LOWS R E S E RVO I R – N E W S U B S U F R AC E WO R K F LOWS Q C & VI S UALI Z ATI O N

PESGB December 2019 31

Marine Acquisition

Clearly Better. Shearwater is a leading full service marine geophysical company, with a powerful and technologically advanced marine seismic acquisition fleet. Working safely and efficiently we can provide both seabed and towed streamer surveys, together with advanced processing & imaging.

Revealing possibilities shearwatergeo.com 32 PESGB December 2019

Exploration Conference 2020 29 January 2020 30 Euston Square, London, NW1 2FB

This event has become a key date in the exploration calendar, offering a unique opportunity for the industry to share stories on the exploration challenges in the North Sea and Atlantic Margin. In the spirit of open collaboration, operators present case studies describing the challenges of drilling exploration and appraisal wells, offering a fascinating insight into success and failure in this challenging area. The programme will feature multiple case studies from a range of operators including oil and gas majors, independents and new entrants. The conference provides an ideal forum for information sharing, learning, networking and discussion – helping the industry to improve exploration success and avoid potential mistakes.

Well look backs from: • Equinor • Cairn Energy • Nexen • Siccar Point • TOTAL and more...

Book online at

oilandgasuk.co.uk/events

Principal Sponsor

Supporting Sponsors

PESGB December 2019 33

PES

Meet the 2020 Council Beverley Smith President Public face and leader of the Society; Line manager for Executive Director; First point of contact for other organisations; Chairs Council meetings.

Julie Branston

David Offer

Graham Robertson

RPS Energy

Raquel Arzola Edison E&P UK Ltd

President Elect

Vice President

Treasurer

Secretary

Supports President;

Organises and chairs London Evening Lectures, hosts speakers

Responsible for Society finances.

Minutes Council meetings;

Chairs PROSPEX; Represents Member interests; University relations. 34 PESGB December 2019

Issues Disbursement Authority for Expenditure (DAFE) Forms following Council approval.

COMMUNITY

After six and a half years, Rosy Chirayath will be leaving the PESGB Team at the end of December. Say your farewells at PROSPEX and President’s Evening 2019 as these will be her final events. Rosy took a sabbatical in 2018 to solo travel South East Asia. Now with the travel bug, she is leaving PESGB to travel South and Central America in 2020. Rosy has delivered the PESGB Magazine since 2013 and oversaw the rebrand of the Society in recent years. She will be a familiar face to many of you at industry events. The team will miss her friendly warm manner, general over-sharing and creative flair. The tea rounds will be much smaller. The hair she sheds will probably be found around the office for years to come… Feel free to keep in touch with Rosy by dropping her a message on LinkedIn

James Churchill

Cliff Lovelock

Shell

Aberdeen Director

Aberdeen Elect

Education & Training

Young Professional

Organises and chairs Aberdeen Evening Lectures, hosts speakers;

Organises Granite City Reception;

Develops field trips, training courses and core workshops;

Chairs the YP Committee;

Liaises with Young Professionals regarding training events.

Coordinates and aligns YP agendas with Council;

Dave Moseley

Martin Durham

Westwood Global Energy

Egdon Resources

Nick Allen The Parkmead Group

Events & Outreach

Communications

Past President

Past Aberdeen Director

Organises President’s Evening;

Edits monthly Magazine and website content, developing synergies between the two.

Mentors President and Council.

Advises current Aberdeen Director

Chairs DEVEX 2020

Member of DEVEX organising committee Organises Oil Finders’ Lunch

Steve Pickering

ERCE

Chairs Aberdeen Evening Lectures if Aberdeen Director not present.

Nicholas Cope

Responsible for Special Interest and Local Groups including annual review.

Holly-Marie Owen

Represents the YPs at Council;

University relations for undergraduate mapping

PESGB December 2019 35

PES D AT E S F O R Y O U R D I A R Y | V I S I T P E S G B . O R G . U K TO REGISTER

NOTICES

Night School The PESGB have exciting plans for 2020 and these include a new afterwork programme of training and education called Night School. This low-cost programme will offer 4-week courses (two hours, once a week) which will focus on the skills and knowledge required for those currently working in the industry with topics including Economics, Finance and Leadership. Look out for further details on the website and in your email box!

New Special Interest Group – ‘Wider Energy Search’ We will be starting a new Special Interest Group which is exploring the ‘wider energy search’ and its impact on the petroleum industry. Those interested in technologies that span several energy industries, opportunities in other energy sources and the move towards the energy transition, will be able to meet monthly for talks, networking and events in 2020. To express your interest in this new group please email sam@pesgb.org.uk and watch out for further details.

Cambridge Carbonates Ltd Cambridge Carbonates Ltd https://www. cambridgecarbonates.com/ based in Solihull, is a small specialist geological service company to the oil and energy sector with expertise in carbonate and evaporite systems. We were delighted to be chosen to feature in the 2019/2020 Parliamentary Review! In fact, of three energy categories, we were the only geological/energy company to be chosen. For details, please see p23 of the Review: https://www.theparliamentaryreview.co.uk/ editions/2019/energy-and-environment/ energy-environment-specialist On the evening of 30 October, directors Jo Garland and Andy Horbury attended a gala event at the Houses of Parliament to mark the occasion along with representatives of many other sectors. https://www.theparliamentaryreview.co.uk/about Gala event at the Houses of Parliament

36 PESGB December 2019

COMMUNITY

Berks, Bucks & Oxon Branch

REVIEW

The ‘Three Counties’ branch is still very much active, meeting in the stable of the historic Three Tuns pub in the heart of Henley-on-Thames. Well worth a visit for the food and refreshments in the cosy traditional wood panelled haunt with open fires. Everyone is welcome so do look out for our dates. Our next event will be held on Thursday 23 January. We endeavour to hold our get togethers around a thought-provoking short talk to simulate discussion and an opportunity for learning. Some of the past talks have included:

Sigmoid Tectonics by Andrew long, Director Subterrane Ltd. Controversy can often be good. The main theme of this presentation was structural interpretation of fault patterns in Africa, in relation to plumes, which was referred to as ‘sigmoid tectonics’. Several examples were presented largely from East Africa, utilising mostly Sandwell gravity data. Beers were required as nearly all of the audience had some past experience of working on projects in East Africa and so unsurprisingly there were variations in the levels of differences in opinion. All attendees were glad to have heard the talk and to discuss informally in the bar.

Multi-component seismic processing – a brief overview by Richard Whitebread (WesternGeco) This presentation was also very welcome as Richard is an expert in WesternGeco’s centre of excellence and he is ‘hands on’ with several of the industry’s leading ocean bottom projects. A talk on processing is not every Geologist’s cup of tea, but as our venues are strictly informal, held in a good pub with the bar open, this readily facilitates being allowed to ask what the enquirer may themselves consider a “silly question” about seismic processing but never previously dared to ask. So, this was a good opportunity to ask an expert. As Richard pointed out ocean bottom seismic provides a better measurement of compressional seismic wave field. The case studies that were summarised were well explained. There was quite a lot of discussion from experienced Processing Geophysicist’s in the audience before we joined the main bar.

Reviews by Jay Sahota (Univ of Oxford, Dept of Physics) and by John Argent (Sound Energy plc)

Fine resolution core mineralogy from Infrared Spectroscopy and how to use these data to calibrate logs, by Dr Adam K Moss (AKM Geoconsulting Ltd) Adam gave an excellent overview on the technique of hyperspectral infrared spectroscopy (HIS) to identify mineralogy in core and cuttings. Using short wave infrared imaging reflectance spectrometry core and cuttings material can be rapidly, and very cost effectively, analysed to provide semi-quantitative datasets without destroying the samples. Detailed mineral assemblage information of clays, such as illite, smectite, chlorite, and kaolin are readily identified as are micas, carbonates, sulphates and hydrocarbons. The technique has been for many years readily deployed in the mining industry and over the last decade the petroleum industry has been using these tools which are available in the lab and wellsite. Adam demonstrated some specific practical applications in how to use these datasets with some very nice examples to calibrate wireline log interpretations including; obtaining more accurate shale volumes from gamma ray logs, constraining better porosity estimates from HIS mineralogically calibrated density logs, clay bound water T2 cut offs for NMR and lastly some thoughts on mineralogical controls on permeability. The group then retired to the cosy snug bar at front of house to continue the discussion. We look forward to our next event, watch this space…. PESGB December 2019 37

PES

Harold Reading 1924 - 2019

Written by John Collinson Harold Reading passed away on 13th October 2019, after a short illness. He was 95. Throughout his long career he drove forward research in clastic sedimentology and shared his vast experience through teaching, publication and through taking leading roles in national and international associations. He was an early and long-time member of PESGB and was well known for his courses and for the textbook “Sedimentary Environments and Facies”, which he edited. Harold was born in Beckenham in 1924 and educated in the Wirral and Hertfordshire, locations dictated by his father’s work as an average adjuster. His formal education was interrupted by the Second World War and, at the age of eighteen, he joined the Indian Army, serving in a cavalry regiment in the northwest of pre-partition India. Harold valued enormously those exciting times and they helped shape his international perspective and understanding. After the war, he went up to Oxford to read Forestry. However, Geology, a subsidiary subject, captured his imagination through the teaching of J.V. Harrison, who, on horseback, had mapped large tracts of Iran for Anglo-Iranian. Harold and his close friend Myles Bowen, a long-time stalwart of PESGB, both switched to Geology. On graduating, Harold moved to Durham where he completed a Ph.D. under Kingsley Dunham, mapping Yoredale cyclothems across bleak Pennine moorland in the Stainmore Trough. Harold was recruited by Shell and posted to Venezuela where he 38 PESGB December 2019

worked in the field, mapping and measuring stratigraphic sections in rather different climatic conditions. Here, Harold had what was probably his most important professional encounter. A visit to Shell by Philip Keunen, who had just published his revolutionary work on turbidity currents and turbidites, led Harold to realise that the interpretation of sedimentary rocks in terms of depositional processes and environments could lead to great insights and this became the underlying theme for the rest of his career. Returning from Venezuela in 1957, Harold was recruited to the Geology Department in Oxford where he neatly swerved an attempt to make him a vertebrate palaeontologist and

began to forge his own domain in sedimentology. He remained in the department for the rest his career, providing inspirational undergraduate teaching whilst developing his research network. His initial research was supported by Shell with the help of Maurits De Raaf, then Head of Geological Research. Their joint work on the Upper Carboniferous of North Devon, along with Harold’s doctoral student, Roger Walker, led to the seminal paper on the facies analysis of deltaic cyclothems. Roger’s work on the Shale Grit of Derbyshire initiated a succession of doctoral projects whose scope extended into most areas of clastic sedimentology in rocks of various ages and in worldwide locations.

Harold Reading dispensing tea in the field; Digermul Peninsula, North Norway, 1968; photo by Nigel Banks

COMMUNITY

OBITUARY

Sedimentary Research Associates (l. to r. Trevor Elliott, Harold Reading and John Collinson) in the field at Bridges of Ross, County Clare, during their annual sedimentology course in 1985. (photo. by Jim Steidtmann)

Harold recognised very early the significance of Plate Tectonic processes and he pioneered the integration of those concepts with sedimentology. Harold was a model supervisor, always available with advice and encouragement when needed, but allowing his students to take initiatives and follow their noses. Of his 40 doctoral students most went on to successful careers in academia, industry and government and Harold’s influence has spread far and wide through them and the succession of students and colleagues that they, in turn, influenced. In the mid 1970’s, Harold captured the explosive growth of sedimentological knowledge since around 1960 by pulling together and editing the first edition of “Sedimentary Environments and Facies”. This widely read and enormously influential book went through three editions,

each involving new writing, often by new authors, with the consequent editorial burden. The third edition was the product of Harold’s “retirement”. This widely lauded book should be Harold’s lasting legacy. A spin-off from the first edition was “Sedimentary Research Associates”, a partnership between Harold, the late Trevor Elliott and myself, established to provide courses in clastic sedimentology for the oil industry. Harold’s insistence that teaching, as far as possible, should be in the field led to an annual course in County Clare that lasted for some 25 years, with an aggregate throughput approaching 1000 participants. These courses helped to open up and develop increasing co-operation between industry and academia, with Harold in demand as a visiting lecturer and as presenter of inhouse and JAPEC courses. His

open, non-dogmatic style, recognising outstanding problems as well as explaining current understanding, engendered huge respect and affection. Harold was honoured by many prestigious awards. Medals from the Geological Society of London (including a Petroleum Group Silver Medal), SEPM, AAPG and IAS (of which he was successively Publications Secretary, General Secretary and President). The British Sedimentological Research Group, of which he was a founder member, recently inaugurated the Harold Reading Medal. Harold has left a huge legacy that extends worldwide. His enthusiasm, scientific rigour, integrity and, most of all, his friendly and modest approachability will long be remembered. He is survived by his four children and his eleven grandchildren. PESGB December 2019 39

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Join our mailing list by logging into the PESGB website, edit your details and select “Young Professionals” as an interest.

Young Professionals

Young Professionals UPCOMING EVENTS

Mentoring

Everyone is welcome – these events are run by YP’s but are for all PESGB members LONDON

PESGB & AAPG Joint Christmas Quiz and Networking Event Monday 16th December 2019, 6pm The Horse & Stable, Lambeth SE1 7RW https://www.eventbrite.co.uk/e/ pesgb-aapg-christmas-quiz-2019-tickets-80134663937

Uncertainty Analysis of Capillary Control Across Faults with Danny Povey, Geologist at Schlumberger’s Asset Consulting Services subgroup (formerly RDR) Thursday 23rd January 2020, 6:30pm IHS Markit, Ropemaker Place 25 Ropemaker Street, London, EC2Y 9LY

Young Professionals Technical Seminar (Call for abstracts) Thursday 7th May 2020. Abstract Deadline: 28th February 2020. The PESGB YPs would like to thank CNOOC and Ireland’s Petroleum Affairs Division (PAD) for their generous sponsorship of our special interest group.

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40 PESGB December 2019

We would also like to thank IHS Markit (London) and Spirit Energy (Aberdeen) for providing high quality facilities where we are able to host our evening seminars.

PESGB Young Professionals

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Would you like an experienced mentor to help you with working your way through the oil industry? Advice on how to speak to your line manager? Technical help? Or to find out what it is like to work abroad? Alternatively, would you like to give back to the younger community or have you worked for 10+ years and feel you have something to offer to those new in the industry? Apply for our mentoring scheme! Check out our Mentorship Handbook! Following the rapid expansion of our Mentorship Programme, with the introduction of a YP to YP Mentorship Scheme and our establishment of an Ireland YP Chapter, we felt it important to clearly define the roles of mentors and mentees, the benefits and limits of mentorship as well as providing hints and tips for a happy and productive mentor-mentee relationship. Download at: www.pesgb.org.uk/ membership/ mentoring-scheme/

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New Members Listings correct as at 15 November 2019

PESGB welcomes the following new and reinstated Members: Felix Anderson ERCE

Katriona Holroyd

Haydn Orme CGG

Wei Wei Jong Christina Axtmann NCS SubSea Inc.

Sophie Martin

Thomas Parfitt

Martin Booth Zenith Energy Limited

Andres Mesa Horizonz Consulting Sas

Anna Broughton

Joseph Metcalfe

Oliver Button

Andy Moore Target Energy Solutions

Daniel Robson Daniel Sidwell Ikon Science Ltd Thomas Snaith

Rachael Crowe Apache North Sea Ltd

Elliot Moore Rock Flow Dynamics

Rudolf Stefec En Ci Jireh Teo

Martin Dashwood Cairn Energy Plc

Alexander Moss

Lucy Waddington

Frode Norman Eriksen P-Cable 3D seismic AS

VOLODYMYR Novikov PJSC Ukrnaftburinnya

David Whitworth Laurence Young

Members on the Move Please can all Members on the Move information be sent directly to PESGB at pesgb@pesgb.org.uk Andrea D’Silva COREX Group (Technical Sales) to HRH Geology (Account Manager) Sven Larsson Oil & Gas Authority UK (Senior Geophysicist) to Axis Well Technology (Principal Geophysicist)

Could you write an article for the PESGB magazine? The PESGB is keen to include more editorial in the magazine, and from new contributors. If you have a case study, or an opinion piece or even a write up for a field trip or seminar, we would love to hear from you.

The Karen Reed Fund You may be aware that we were asked to set up a fund following the tragic death of Karen Reed in 1997, with the object of advancing education in geology or geophysics by the provision of a scholarship or scholarships. The PESGB is delighted to announce that the fund has been increased by £10,000, following a bequest from the Estate of a member of Karen’s family. The PESGB has previously created scholarships in Karen’s name for Masters Courses, and have recently been able to make a donation of £1,700 to the University of Sheffield Geoscience Department, to contribute to the needs of students studying Earth Sciences there. Karen was a graduate of Sheffield University, and it is therefore appropriate that the first contribution to a University Department, designed to benefit a large number of students, should be made to her alma mater.

Please send any submissions to editor@pesgb.org.uk. PESGB December 2019 41

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Training Courses

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G2: Operations & Wellsite Geologist

January 13th - 17th Reading March 9th - 13th Reading

November 4th - 7th Reading December 9th - 12th Reading February 10th - 13th Reading April 6th - 9th Reading

FE1: Basic Log Interpretation January 27th - 29th Reading March 23rd - 25th Reading May 4th - 6th Reading

P1: Formation Pressure Evaluation November 11th - 13th Reading February 24th - 26th Reading April 27th - 29th Reading

C1: Best Practices in Core Handling & Analysis April 20th - 22nd Reading

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PES International News AUSTRALIA ConocoPhillips has entered into an agreement with Santos for the sale of its northern Australia assets. The properties involved in the USD 1.39 billion transaction include a 37.5% interest in the Barossa development project and Caldita field, a 56.9% interest in the Darwin LNG facility and Bayu-Undan field, a 40% interest in the Poseidon field and a 50% interest in the Athena field. The associated production was about 50,000 boe/d in the first half of 2019 and proved reserves were around 39 MMboe at year-end 2018. Santos already owns a 25% interest in Barossa and subject to a final investment decision, a further USD 75 million payment will be required. However, to achieve increased partner alignment, it is preparing to scale down equity in both Barossa and Darwin LNG to a target ownership of 40-50%. In that respect, South Korean gas and power company SK E&S, which currently holds a 37.5% interest in the Barossa project, intends to acquire a 25% equity in Bayu-Undan and Darwin LNG. The sale is expected to close in the first quarter of 2020. ConocoPhillips will retain its 37.5% operated interest in the Australia Pacific LNG project and will use the proceeds for general corporate purposes. BRAZIL The ANP Round 16 closed on 10 October 2019, with the participation of 11 companies and the pre-award of 12 offshore blocks covering a total area of 11,763 sq km. The tender garnered total signature bonuses of BRL 8.9 billion (USD 2.17 billion), a record compared to previous concessions rounds. The C-M-541 block in the Campos Basin had the highest bonus bid, with Total, QPI and Petronas jointly offering USD 980.36 million. The most contested block was C-M-661, also in the Campos Basin, with three bids and Petronas 46 PESGB December 2019

eventually emerging as the winner. Chevron was particularly successful, winning two blocks as operator and three as partner. In total, 36 blocks were on offer, with no bids received for 12 blocks in the frontier CamamuAlmada, Jacuipe and PernambucoParaiba basins, three blocks in the Campos Basin and nine blocks in the Santos Basin. The signing of the contracts is planned by 14 February 2020. CHINA Exploration efforts conducted so far in 2019 have enabled PetroChina to significantly expand its shale gas resource base in the Sichuan Basin. The company holds three shale gas production blocks in the area – Changning, Weiyuan and Zhaotong – and recently booked a further 741 Bcm (26 Tcf) gas in-place, expanding the total volume to 1,061 Bcm (37 Tcf). PetroChina produced 4.3 Bcm (152 Bcf) of shale gas in 2018, up 40% from 2017, mainly from the Silurian Longmaxi Formation. The company’s next targets are 7.7 Bcm (272 Bcf) in 2019, thanks to recent discoveries and field expansions, and 10 - 12 Bcm (353 - 423 Bcf) in 2020. The other major shale gas operator in the basin is Sinopec, which produced 6 Bcm (212 Bcf) from the Jiaoshiba field in 2018. China started commercial production of shale gas in 2014 and recovered 10.2 Bcm (360 Bcf) in 2018, which accounted for some 6.5% of the total gas output. COLOMBIA GeoPark has announced a new oil discovery in the Llanos 34 (LLA34) block. The Guaco 1 well, drilled along the most western major fault trend in the block, has found oil in a combined structural and stratigraphic trap. Oil shows were observed in the Guadalupe and Mirador formations, and a production test in the former resulted in a rate of 960 b/d of 24.6°

API oil on a 35/64” choke, using an electric submersible pump. The well is already in production and appraisal work will help determine the size of the find. Guaco 1 is the 14th oil accumulation discovered and brought on line by the company since the acquisition of the LLA-34 block in 2012. Interest is split 45:55 between operator GeoPark and Parex Resources. GeoPark is present in Colombia, Peru, Argentina, Brazil, Chile and Ecuador, and reported a total production of 39,619 boe/d in the third quarter of 2019, of which 85% was oil. Colombia alone accounted for 93% of the company’s oil output. EGYPT Eni has announced a new find with the Sidri 36 appraisal well in the Gulf of Suez. The well, which was designed to assess the westward extension of the Sidri South structure, encountered a 200 m hydrocarbon column in the clastic sequences of the Nubia Formation. Sidri 36 will be completed and immediately placed on production under a fast-tracked development plan, with initial flow rates expected to reach 5,000 b/d. Sidri South is currently estimated to hold about 200 MMbbl of oil inplace, although operating company Petrobel (a 50:50 joint venture of Eni and EGPC) plans to reassess the find based on the latest drilling results. The onshore/offshore Abu Rudeis Sidri field has been producing since 1957 and redevelopment operations began in 2015, adding to Eni’s expanded operations in Egypt. The Italian company’s production reached 350,000 boe/d this year and is expected to grow further with ramp-ups at Zohr and Baltim South West. GABON Following the successful outcome of its Hibiscus Updip wells in the Dussafu licence, operator BW Energy

N E W S F E AT U R E

has revised the Ruche development plan to integrate the new resources. Hibiscus, with estimated 2P oil reserves of 45.4 MMbbl, will enable the company to double the production forecast from Ruche Phase 1 to 30,000 b/d. As part of the revision, the proposed platform will be installed 4 km west of the original location and six production wells will be used to drain the Gamba Formation, four at Hibiscus and two at Ruche. Under the second phase, up to seven wells will be used to maintain the production plateau. Dussafu spans 850 sq km in the Lower Congo Basin and encompasses several oil accumulations, notably Tortue. Connected to the 40,000-b/d “BW Adolo” FPSO, Tortue was brought on stream in September 2018 and yielded an average of 11,600 b/d in the third quarter of 2019. First oil from Ruche and Hibiscus is expected in the fourth quarter of 2021. BW Energy operates the licence with a 73.5% interest, with partners Tullow Oil, Gabon Oil and Panoro Energy holding the balance.

as in neighbouring blocks C-6, C-12 and C-13.

MAURITANIA Kosmos Energy has announced a new gas discovery in the MauritaniaSenegal Basin. The Orca 1 wildcat in Block C-8, drilled in 2,510 m of water with the “Valaris DS-12” drillship, has encountered 36 m of net gas pay in excellent quality reservoirs in a previously untested Albian play and 11 m of net gas pay in the Cenomanian play fairway. The 5,266-m well has proved both the structural and stratigraphic trap of the Orca prospect, estimated to hold a gas in place volume of 13 Tcf. Together with the Marsouin 1 well, Orca 1 is thought to have derisked up to 50 Tcf of gas in place in the BirAllah area, more than enough to support a large-scale LNG project. Interest in Block C-8 is currently split between BP (62%), Kosmos (28%) and state company SMHPM (10%),

NIGERIA Panoro Energy has reached an agreement with PetroNor for the sale of its 12.19% stake in OML 113, which is located offshore western Nigeria and encompasses the Aje oil and gas field. PetroNor will pay USD 10 million in shares, with the option to pay partly in cash should the price fall below USD 0.13 per share. Also included is a contingent consideration of up to USD 25 million dependent on future gas production. Once completed, the deal will have an effective date of 30 June 2019. OML 113 covers 911 sq km in the Benin Embayment, in water depths ranging from less than 100 m to around 1,500 m. The Aje field was brought on stream in May 2016 and currently produces around 3,000 b/d of oil. Further developments could lead

MOZAMBIQUE As part of its buyout of Anadarko’s assets in Africa, Total has completed the acquisition of a 26.5% operated interest in the Mozambique LNG project. The purchase price was USD 3.9 billion, representing almost half of the USD 8.8 billion consideration for the whole transaction, which also includes assets in Algeria, Ghana and South Africa. The project entails the development of the Golfinho and Atum fields in Offshore Area 1 and the construction of a two-train liquefaction plant on the Afungi peninsula with a capacity of 12.9 MMtpa (1.7 Bcf/d). Almost 90% of the production is already sold through long-term contracts with LNG buyers in Asia and in Europe, and the terminal is expected to come online by 2024. The other companies involved in the project are Mitsui (20%), ENH (15%), ONGC Videsh (10%), Bharat Petroleum (10%), Beas Rovuma Energy (10%) and PTTEP (8.5%).

to 20,000 boe/d, including 5,000 - 7,000 b/d of oil and condensate. Upon completion of the deal, the remaining partners in OML 113 will be Yinka Folawiyo Petroleum, operator with 41.88%, NewAge, Energy Equity Resources and ADM Energy. OMAN Shell has secured new exploration acreage in Oman, only months after the acquisition of a 50% operated interest in Block 42 (Sharqiyah). The Anglo-Dutch major has signed an Exploration & Production Sharing Agreement (EPSA) for Block 55 in the southeastern part of the Sultanate with the Ministry of Oil and Gas. The licence, also referred to as Kahil, covers an area of 7,517 sq km in the Al Wusta region, slightly extending into coastal waters. Block 55 was previously held by Petrogas under a six-year EPSA contract, signed in late 2013. A gravity-magnetic survey was conducted in 2014, 1,550 km of 2D seismic data was collected in 2015 and three wells were drilled in 20162017. While the first well – Tawfeeq 1 – may have encountered heavy oil in Upper Carboniferous - Lower Permian sandstones, no results were reported from the two subsequent wells. Shell’s current exploration portfolio in Oman comprises Block 42 and a portion of Block 6. RUSSIA Rosneft recently reported that the deviated Pribrezhnaya Vostochnaya 1 wildcat has found oil. Spudded in May, the well was drilled from the Sakhalin Island to a total depth of 3,047 m, with a 1,450-m horizontal stage targeting a 21-MMbbl prospect in the Nabil Bay. The well identified 70 m of oil-saturated intervals in the Miocene Dagi Formation, similar to the Rosneft’s nearby Nabil field, located around 10 km southeast and currently producing under improved recovery. The company plans to next drill the PESGB December 2019 47

PES Pribrezhnaya Vostochnaya 2 outpost in the licence area by end-2020. The appraisal well will have a planned total depth of 3,490 m, including a 1,950m horizontal section. Companies operating in Sakhalin (the main players being Gazprom, ExxonMobil and Rosneft) are looking to uncover more resources, as oil and gas output from the area will reportedly see a marked decline in 2019. UNITED ARAB EMIRATES With the acquisition of a 5% interest in the Ghasha sour gas project, Lukoil marks its first entry into the

upstream sector of the United Arab Emirates (UAE). A farm-in agreement was signed by the company and Abu Dhabi National Oil Company (ADNOC) during a state visit of Russian President Vladimir Putin on 15 October. Interest in the Ghasha concession is now divided between ADNOC, operator with 55%, and partners Eni (25%), Wintershall Dea (10%), OMV (5%) and Lukoil (5%). The 40-year Ghasha concession is located in the Arabian Gulf west of Abu Dhabi and encompasses the Hail, Ghasha, Dalma, Nasr and Mubarraz gas fields. The development will

involve the construction of ten artificial islands and the expansion of an existing one. The project is expected to come online in the mid-2020s and yield over 1.5 Bcf/d – potentially meeting over 20% of the UAE’s gas demand – and more than 120,000 b/d of oil and condensate.

PESGB International News is sponsored by IHS Markit. For further information please contact Tiziana Luzzi Arbouille: tiziana.luzzi@ihsmarkit.com

Asia-Pacific News AUSTRALIA Beach Energy (50% and operator) has reported a gas discovery at its Beharra Springs Deep-1 well in the Perth Basin, western Australia with JV partner Mitsui (50%). Beach announced net gas pay of 36 metres across the Permian, Kingia sandstone. Beach considers this to be comparable to the successful 2017 appraisal well Waitsia-4. Strike Energy reported a 69 mmscf/d flow test rate from the Permian Kingia section of its West Erregulla-2 well earlier this year which may suggest deeper potential in this historic onshore basin. Carnarvon Petroleum has announced that the Triassic Baxter reservoir which was a secondary target at the 2019 discovery of the Dorado field operated by Santos, could yield 30,000 barrels of oil per day. ConocoPhillips announced the sale of its northern Australia assets to Santos for US$1.39 billion in October. Under the deal Santos will pick up a 37.5% stake in the Barossa project and Caldita field, a 48 PESGB December 2019

56.9% interest in the Darwin LNG facility and the declining BayuUndan field which feeds it, a 40% stake in the Poseidon field and a 50% stake in the Athena field, for a total of US$1.39 billion plus a further $75 million upon a final investment decision of the Barossa development project. This is not a country exit since ConocoPhillips remains in Australia on the east coast as part of the Origin Energy-operated Australia Pacific LNG project. Inpex Corporation has gained approval from the national regulator to carry out a geotechnical and geophysical survey across its Icthys gas and condensate field in permit WA-50-L in the Browse Basin approximately 210 km off the coast of the mainland and 820km southwest of Darwin. Inpex is preparing to expand capacity with further development of the Ichthys field. The new data is required to confirm pre-engineering studies associated with the detailed design and installation of additional flowlines, umbilicals and subsea infrastructure in WA-50-L as part of this next stage

of the Ichthys LNG Project. Queensland has released six new permits to Coal Seam Gas companies across the Surat and Bowen basins with two of the four permits, representing 30% of the total award, reserved for domestic-only gas sales. Strike Energy has begun acquiring 3D seismic across its 100%-owned acreage in EP447 in the Perth Basin. It expects its Walyering field seismic campaign to take six weeks. Strike took the Perth Basin acreage from UIL Energy. Walyering was discovered in 1971 within the early Jurassic Cattamarra coal measures at 3,350 metres. Walyering-1 flowed 13.5 mmscf/d with approximately 1% CO2. Strike Energy (operator) has announced a 2C resource of 1.185 Tcf for its West Erregulla project in permit EP469 in the Perth basin. Strike and JV partner Warrego Energy expect additional resources from the Permian Wagina sandstone. The Wagina, and the

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overlying Permian targets of the Kingia and High Cliff sandstones, indicated gas but was not flow tested and is not included in the resource assessment. Strike reported discovered P50 gas in place in Kingia was 1.2 Tcf. The Permian lower High Cliff target yielded 213 billion cubic feet on a P50 basis and 181 Bcf on a 2C basis. West Erregulla-2 will be a producer as part of Strike’s planned phase 1 development, targeting production in 2022. CHINA Horizon Oil and its joint venture partners CNOOC and Roc Oil, have spud an exploration well in the South China Sea. The WZ 6-12 M1 well is targeting the T40-T42 stacked reservoirs between the Weizhou 6-12 North and South

Fields. It will be drilled to a depth of 2,025 metres in Block 22/12 which was awarded to Horizon in 2001. Block 22/12 lies in the Beibu Gulf, 60 kilometres off China’s southern coast, northwest of Hainan Island. If successful, the plan would be to develop it through the adjacent fields. THAILAND Tap Oil (30%) and joint venture partner Mubadala Petroleum (70%) have revealed the latest drilling plans for the Manora oil and gas field in the Gulf of Thailand with plans to drill three new exploration wells. TIMOR-LESTE Carnarvon Petroleum has announced that the Buffalo field which crosses into Timor-Leste’s waters

could hold a 2C contingent resource of 30 million barrels of oil. The plan is to drill two to three wells, which would target a large oil resource. BHP drilled eight wells in the field last decade, but after intense geological work and use of reprocessed seismic data Carnarvon believes there could an untouched attic accumulation approximately 50 metres to 60 metres above the main reservoir. PESGB South East Asia News is sponsored by RISC Advisory, Technical & Economic Advisors to the oil and gas industry. For further information please contact Gavin Ward: Gavin.Ward@riscadvisory.com (Credit: Energy News Bulletin)

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PESGB December 2019 49

PES North Sea News DRILLING ACTIVITY UNITED KINGDOM As of 11 November 2019, 13 exploration wells and eight appraisal wells have completed in the UK this year. At the time of writing, there were two exploration wells and five appraisal wells active. In the West of Shetland CNOOC completed operations at its Howick exploration well 206/21-1 on 19 October. The well was targeting Lower Cretaceous sandstones within a four-way dip closure in the West Shetland Basin but failed to find hydrocarbons and was abandoned as a dry hole. The Island Innovator rig has now moved to the Norwegian sector. CNOOC also completed operations at its Cragganmore appraisal well 208/17a-4 on 23 October which had a top-hole location approximately 3 km NW of the discovery well. A result from the well programme has yet to be confirmed and the partners, CNOOC and INEOS, are assessing the impact of the well to determine future activity in the area. Operations continue with the Transocean Leader which is drilling the third and final well in Hurricane’s drilling campaign at Warwick West (formerly called Warwick Crestal). The 204/30b-4 appraisal well was spudded on 24 September and is targeting the basement reservoir at a shallower interval than the 205/26b13 Warwick Deep well which did not flow at commercial rates. Drilling is continuing at Total’s 206/4a-5 and -5Z Glendronach appraisal well, which spudded on 16 July. The well is seeking to appraise volumes reported by the operator to be in the region of 1 tcf (166.6 mmboe) in the Lower Cretaceous Royal Sovereign Formation. A mechanical sidetrack was kicked off on 28 August as the 206/4a-5Z well. In the Northern North Sea Cairn’s 3/17a-3 Chimera exploration well was reported on 17 October as 50 PESGB December 2019

having failed to find hydrocarbons. It is understood that the target Paleocene Heimdal Formation reservoir sands were absent. Chimera was the largest oil prospect to be tested in the UK North Sea this year, with pre-drill resources of 150 mmboe. Operations were completed on 28 October. Equinor spudded the 10/1b-6 appraisal well on 1 November with the West Phoenix semi-submersible. The well lies <1 km to the west of the UK/Norway median line and has a surface location within the Frigg field determination area, on the western edge of the field. The well is targeting the Eocene Frigg Formation and is aiming to define the potential for a redevelopment. In the Central North Sea i3 Energy announced that it’s 13/23c-10 Serenity appraisal well was successful in proving oil in what is considered to be an extension of the Lower Cretaceous Tain discovery. The well was drilled down-dip of the Tain discovery and found oil in both the target Captain and Coracle Sands with an OWC estimated at 5,270ft (1,606m) TVDSS, the same as that at Tain and Blake. The Borgland Dolphin moved to drill i3’s Liberator appraisal well 13/23c-11 which spudded on 8 November and is the last in this three-well programme. Equinor’s 22/10b-9A exploration well, which spudded on 25 September, was abandoned on 29 October after 35 days of operations. The well was targeting the Upper Jurassic Fulmar Formation in the Lifjellet prospect, a cross median line structure on the Jæren High. Westwood understands that the well failed to find hydrocarbons in the target sandstones and was abandoned as a dry hole on 29 October. Total spudded the 30/12d-11 Isabella exploration well with the Noble Sam Hartley on 13 October. The well is being drilled in the HPHT Central Graben region and has an

expected duration of c. 125 days, taking operations into 2020. Isabella has pre-drill resources of c. 147 mmboe in the Triassic Skagerrak Formation. The well which is a firm commitment on this 26th Round licence. In the Southern North Sea, Premier announced on 17 October that its 42/28d-14 Tolmount East appraisal well has successfully encountered gas. The well penetrated 241ft (73m) of gas bearing Leman sands with reservoir quality found to be at the upper end of expectations and no gas water contact penetrated. The discovery will be incorporated into the main Tolmount development. Operations completed on 6 November at Spirit Energy’s 43/12a3 Andromeda North exploration well which was spudded on 29 July. Hague and London Oil (HALO) reported pre-drill resource estimates of c. 40 bcf in the Carboniferous, however a result has yet to be announced. In the success case it will form part of the Pegasus development. Eni spudded its 53/14a-2 Aspen exploration well towards the southern-most extent of the UK Gas Basin with the Valaris 101 on 14 October 2019. The well is targeting a Carboniferous Dinantian carbonate play which has not been proven offshore UK previously. Total farmed-in for a 40% interest in Q1 2019. UK ONSHORE The Horse Hill-2 well, spudded on 29 September, has completed its coring program as of 15 October. The core is undergoing geological and petrophysical analysis. On 22 October, the HH-2 well was completed and the well was sidetracked horizontally into the Portland reservoir. Production from Horse Hill-1’s Kimmeridge Micrite reservoir has continued simultaneously with drilling operations in HH-2. Cuadrilla’s Preston New Road-2

N E W S F E AT U R E

Well

Operator Class

Type

Licence

Target

Age Lower Cretaceous Eocene Lower Cretaceous

13/23c-11

i3 Energy

App

Initial

P2358

10/1b-6

Equinor

App

Initial

P2343

Liberator Phase II Frigg

13/23c-10

i3 Energy

App

Initial

P2358

Serenity

Status

Start Date

End Date

Basin

Active

08/11/19

CNS

Active

01/11/19

NNS

P&A Oil

04/10/19

06/11/19

CNS

3/17a-3

Cairn

Exp

Initial

P2312

Chimera

Paleocene

P&A Dry

27/09/19

28/10/19

NNS

204/30b-4

Hurricane

App

Initial

P2294

Warwick West

Basement

Active

24/09/19

WOS

Equinor

Exp

P2378

Lifjellet

Upper Jurassic

P&A Dry

25/09/19

29/10/19

23/09/19

25/09/19

206/21-1

CNOOC

Exp

Initial

P2298

Howick

P&A Dry

31/08/19

19/10/19

WOS

13/23c-9

i3 Energy

App

Initial

P1987

Liberator Phase I

Upper - Lower Cretaceous Lower Cretaceous

P&A Dry

21/08/19

18/09/19

CNS

42/28d-14

Premier

App

Initial

P1330

Tolmount East

Rotliegend

Active

08/08/19

SNS

Carboniferous

29/07/19

06/11/19

SNS

Paleocene

P&A

19/07/19

23/10/19

WOS

28/08/19

16/07/19

28/08/19

22/10b-9A 22/10b-9

43/12a-3

Spirit

Exp

208/17a-4

CNOOC

App

206/4a-5Z

Total

206/4a-5

App

Re-spud Initial

Initial

P2128

Initial

P1598

Sidetrack Initial

Andromeda North Cragganmore

P1453

Glendronach

Cretaceous

Active

CNS

WOS

Current and recent E&A drilling activity in UK. Source: Westwood Atlas Well

Operator

Class

Type

Licence

Target

Age

Status

Start Date

End Date

Basin

6611/1-1

Wintershall DEA

Exp

Initial

896

Toutatis

Lower Jurassic

Active

02/11/19

Norwegian Sea

Active

02/11/19

Northern N. Sea

Norwegian Sea

25/8-19 S

MOL Norge

Exp

Initial

820 S

Evra-Iving

Paleocene, Lower Jurassic

6507/7-16 S

DNO

Exp

Initial

888

Canela

Middle Jurassic

Active

28/10/19

6407/9-11

OKEA

App

Initial

093

Infill Ø

Upper Jurassic

P&A oil

19/10/19 29/10/19 Norwegian Sea

6407/9-12

OKEA

App

Initial

093 D

Skumnisse Upper Jurassic

Active

16/10/19

Equinor

Exp

090

Echino Sør Upper Jurassic

Active

7/11/19

35/11-23 A 35/11-23 9/2-12 32/4-3 S 32/4-2 6507/5-9 A

Sidetrack Initial

Repsol Norge

Exp

Initial

06/10/19 06/11/19

Middle Jurassic

P&A dry

28/09/19 14/10/19

Central N. Sea

Gladsheim Middle Jurassic

P&A dry J&A

23/09/19 26/10/19 09/09/19 21/09/19

North N. Sea

Kathryn

Equinor

Exp

PGNiG

Exp

2/1-17 S

Aker BP

Exp

Initial

25/7-7

ConocoPhillips

Exp

Initial

6506/1111 S

OMV

App

Initial

644

Iris

6507/5-9 S

Initial

921

Northern N. Sea

P&A oil & gas

910

Re-Spud Initial Sidetrack

Norwegian Sea

838

28/09/19 15/10/19

Shrek

Middle Jurassic

P&A oil

019C

Kark

Upper Jurassic

Active

30/08/19

782 S

Busta

Upper Jurassic

Active

29/08/19

30/08/19 27/09/19

Middle Jurassic, P&A gas 31/05/19 28/10/19 Lower Cretaceous condensate

Norwegian Sea Central N. Sea North N. Sea Norwegian Sea

Current and recent E&A drilling activity in Norway. Source: Westwood Atlas Country NW Europe

Norway

Deal Type

Buyer

Seller

Key Asset(s) Involved

Asset

Neptune

Energean

Nova, Dvalin, Scott, Telford fields and Glengorm discovery

Corporate

Waldorf

Endeavour UK

Alba, Bacchus, Bittern, Enoch fields and Columbus development Resolution, Endeavour gas discoveries

Exclusivity

Unnamed

Egdon

Corporate

Zenith Energy

Nordic Petroleum

Norway tax credits

Asset

Solveig Gas Norway

Pandion

Duva development

Asset

PGNiG

Pandion

Duva development

Deal activity (Source: Westwood Atlas)

PESGB December 2019 51

PES North Sea News (cont.) started fraccing operation on 15 August, however micro-seismic events have caused the OGA to declare an indefinite suspension of fraccing of the well since 26 August. Since the suspension, the hydraulic fracturing equipment has been demobilised and a flow test began in mid-October. On 29 October, Cuadrilla announced that early flow tests have revealed the highest quality natural gas they had encountered in UK shale exploration to date. On 2 November the UK government announced a moratorium on fraccing. Testing operations in the Permian Kirkham Abbey Shoal Formation at West Newton A-2 appraisal well were suspended on 29 August until revisions were made to the test programme to account for liquids production. Petrophysical interpretation had estimated a 20m (66ft) gas and 45m (148ft) oil column. On 11 November, in-place volumes of base - upside 146 .4 - 283 mmbbls liquids and 211.5 - 265.9 bcf of gas were reported. There are plans to drill two further wells on the structure in H1 2020. IGas released Bowland Shale core analysis from Spring Road-1 and the results compare favourably to shale plays in the USA in terms of reservoir properties. IGas plans to drill a horizontal appraisal well and obtain permissions for a fraccing programme, although the Government moratorium will need to be lifted before this can be carried out. NORWAY To date in 2019, 37 exploration wells and six appraisal programmes have completed in Norway. In the North Sea Repsol Norge spudded the Kathryn exploration well 9/2-12 on 28 September using the Scarabeo 8 semi-submersible. The well was targeting the Middle Jurassic Sandnes Formation near the Yme field with low-base-high resources of 6 - 48 mmboe but was 52 PESGB December 2019

abandoned as a dry hole. Equinor’s Gladsheim exploration well 32/4-2 was spudded on 9 September, then re-spudded as 32/4-3 S on 23 September. The well was targeting the Upper, Middle and Lower Jurassic and Triassic to the southeast of the Troll field and encountered moderate to very good reservoir quality intervals in the primary and several secondary targets, however all the intervals were dry. The well has satisfied the firm commitment on this APA 2017 Round licence. ConocoPhillips spudded the Busta exploration well 25/7-7 on 29 August with the Leiv Eiriksson semi-submersible. The well is targeting pre-drill resources in the range 54 - 199 mmboe in Upper Jurassic Intra-Draupne Brae-equivalent sandstones and has an estimated duration of 74 days in the dry hole case. Operations remained active at the time of writing. On 30 August Aker BP spudded its Kark exploration well 2/1-17 S targeting Upper Jurassic Ula Formation prospectivity south of the Gyda field with secondary targets in the Upper - Middle Jurassic and Triassic and pre-drill resources are in the range 15 - 48 mmboe. The Ula Formation sandstones were absent in the well, however a 5m (16ft) oil bearing Upper Jurassic, Tyne group, Eldfisk Formation was encountered but these resources are non-commercial. Equinor’s Echino Sør exploration well 35/11-23 was spudded on 6 October close to the Fram field. The well was successful in finding hydrocarbons in the Upper and Middle Jurassic, with GOCs and OWCs established at both reservoir levels. Initial resource estimates are in the range 38 - 101 mmboe. Assuming a mid-point of 69 mmboe, the discovery is the equal third largest in Norway this year. MOL Norge spudded the

high-impact 25/8-19 S Evra-Iving well on 2 November using the Deepsea Bergen. The Evra prospect is targeting Eocene injectites as in the nearby Frosk complex, whilst Iving is targeting the Lower Jurassic - Upper Triassic Statfjord Group in a tilted fault block. The JV is targeting combined resources of 181 mmboe. In the Norwegian Sea, Wintershall DEA’s controversial 6611/1-1 Toutatis well spud on the 2 November using the West Hercules rig. The well is targeting pre-drill resources of c. 165 mmboe in the Lower Jurassic. The prospect is located near the environmentally sensitive Lofoten Islands and is >150km from the nearest field. A dry hole is estimated to take 30 days with a discovery and 55 days in the event a sidetrack is drilled. On 28 October, DNO spud the Canela 6507/7-16 S exploration well using the Island Innovator rig. The well is targeting 70 - 120 mmboe in the Middle Jurassic within a downthrown fault block west of the Heidrun field. It is expected to complete in 36 days if dry. OKEA is drilling two wells in the Draugen field area using the Deepsea Nordkapp rig. The Skumnisse appraisal well 6407/9-12 was spudded on 16 October and suspended as the rig was moved to spud and drill the Infill Ø well 6407/9-11. The Infill Ø well was completed on 29 October having found a minor oil column in the Upper Jurassic. The rig then returned to complete operations at the Skumnisse well which has since been announced as dry. Combined operations for both wells were completed in under a month. PGNiG spudded its first operated well in Norway on 30 August, targeting pre-drill resources in the range of 10 - 22 mmboe in the Middle Jurassic, Garn Formation, Shrek prospect. The well encountered oil and gas in the Middle – Lower Jurassic and was followed by an

N E W S F E AT U R E

appraisal sidetrack which found oil and gas in the same section. The discovery is considered commercial as a tie-back to the Skarv field with resources of 19 - 38 mmboe. The well completed on 15 October. OMV’s long-running Iris/Hades appraisal well 6506/11-11 S completed on 28 October. The well was drilled with the Deepsea Bergen rig and was targeting the Middle Jurassic Iris discovery. The well encountered a 70m (230ft) gas column in the Middle Jurassic Garn Formation and a DST flowed at a rate of 1.6 million Sm3 (56.5 mmscfpd) and 885 Sm3 (5,567 bcpd). Resources for Iris have been refined to 25 - 76 mmboe from a predrill range of 19 - 132 mmboe following DST results. In the Barents Sea, with the completion of Equinor’s 7324/6-1 Sputnik exploration well in July, which was abandoned as a minor oil discovery, there is no current drilling in the Barents Sea. DEAL ACTIVITY NW EUROPE Neptune Energy announced on 14 October that it has agreed to acquire Edison E&P’s UK and Norway assets for an initial cash consideration of US$250 million. The deal is conditional on Energean completing its acquisition of Edison E&P, which was announced in July 2019. The deal provides 2P reserves of 30 mmboe, including the Nova and Dvalin developments in Norway and the Scott and Telford fields in the UK. The 2019 22/21c Glengorm discovery which has yet to be appraised is also included in the deal. UNITED KINGDOM On 4 November Egdon announced that it has signed an exclusivity agreement with an unnamed company in respect of a potential farmin to its Southern North Sea licences P1929 (blocks 41/18a and 41/19a)

and P2304 (block 41/24). The initial exclusivity agreement is subject to a definitive agreement being entered into by 19 January 2020 and completing by 19 April. The unnamed party has been described by Egdon as a ‘large, internationally recognised E&P company’. The acreage is adjacent to the UK coastline and includes the 1966 Total-operated 41/18-2 Resolution Zechstein gas discovery and the 1969 Total-operated 41/24a1 gas discovery which Egdon refers to as Endeavour. New entrant Waldorf has acquired Endeavour Energy’s UK assets via a takeover of the UK subsidiary’s business. Although no consideration was announced by either party in relation to the sale, the Deed of Accession document lists 44,250,002 shares at £1.00 per share, giving a net value of £44.25 million (US$55.94 million). The deal includes interests in four fields, Alba, Bacchus, Bittern and Enoch along with the Columbus discovery which is in the process of being developed. Production is estimated at 4,000 boepd in 2019 and net remaining reserves are in the order of 16 mmboe. UK ONSHORE On 5 November Reabold announced it had completed a £16 million cash investment into Rathlin Energy, holder of a 66.67% interest and operator of the West Newton oil and gas discovery. Prior to the investment, Reabold held a c. 36% interest in Rathlin and following the deal has increased to c. 59% of Rathlin’s issued share capital. A further £7 million equity swap of Reabold shares for Rathlin shares has been offered to lift Reabold’s interest in Rathlin to 74.99%. On 11 September UKOG completed the acquisition of 35% equity in the Horse Hill field licences PEDL 137 and PEDL 246 for £12 million from Magellan Petroleum (UK) Investment Holdings (Tellurian).

NORWAY Pandion has sold its 20% interest in the North Sea Duva development, including licences PL636 and PL636B (block 36/7) as part of two deals announced on 7 November. It has agreed to sell a 10% interest to PGNiG which increases its interest in the field to 30% as a result, and a 10% interest to Solveig Gas Norway, representing the company’s first upstream licence on the NCS. The field is expected on-stream late 2020 and has initial reserves of c. 85 mmboe. Duva was set to be Pandion’s first development project on the NCS, however for both PGNiG and Solveig Gas the transactions are part of a focus on securing gas throughput at key infrastructure. On 4 November it was announced that Zenith Energy has acquired Nordic Petroleum via an equity exchange. Nordic Petroleum was founded in 1996 as an E&P company but does not currently have any acreage on the NCS, however it does hold tax credits in Norway which Zenith is expected to utilise once the transaction is completed. The main driver for this deal was in preparation for Zenith acquiring a portfolio of assets on the NCS.

PESGB North Sea News is sponsored by Westwood Global Energy Group For further information please contact David Moseley: dmoseley@westwoodenergy.com

PESGB December 2019 53

PES Title: term

Greenfield developments in Central Asia ensure stable oil supply in the medium

Publication: PESGB Newsletter

Olga Kerimova & Veronika Akulinitseva, Vice Presidents, Rystad Energy Authors: Olga Kerimova and Veronika Akulinitseva, VP Analysis

Greenfield developments in Central Asia ensure stable oil supply in the medium term Date:

5 November 2019

Oil production in Central Asia has remained rather stable since 2010 and is currently trending at around 2.9 million bbl/d. This oil output level is forecasted to be maintained in the medium term as well, supported by large greenfield developments that started to produce in the last couple of years, and sanctioned discoveries set to be put on stream in the early 2020s. This article assesses the outlook for the Central Asia region, illustrated by three key drivers: oil supply, resource potential from unsanctioned projects and capital investments. Figure 1 depicts oil production in the Central Asia region by country, from 2010 to 2025. Production levels have remained relatively flat since 2010, trending at around 2.9 million bbl/d. It is currently forecasted that oil supply will be maintained at a similar level up to 2025 as well. Kazakhstan is the largest oil producer in the region, contributing 65% of total oil output in 2019. Azerbaijan makes up another 26%, with Uzbekistan and Turkmenistan taking up significantly lower shares. Both players are mostly considered to be gas-producing countries with little oil reserves held. Oil production base in Central Asia is rather mature with production levels largely supported by giant fields put Olga Kerimova, Vice President olga.kerimova@rystadenergy.com

54 PESGB December 2019

3 000

2 500 Kazakhstan 2 000 Azerbaijan 1 500

Turkmenistan

1 000

Uzbekistan

500

0 2010

2012

2014

2016

2018

2020

2022

2024

Figure 1:1: OilOil production in Central by country Thousand bbl/d. (Source: UCube from Rystad Figure production in Asia Central Asiaâ€“ by country â€“ Thousand bbl/d. (Source: Energy, November 2019) Energy, November 2019) UCube from Rystad Figure 1 depicts oil production in the Central Asia region by country, from 2010 to 2025. Production levels have remained relatively flat since 2010, trending at around 2.9 million bbl/d. It is currently forecasted that oil supply will be maintained at a similar level up to 2025 as well.currently Kazakhstan waiting is the on production over the recent years. term, discoveries largest oil producer region, contributing total oil output in 2019. Azerbaijan makes upwill In particular, thein the start-up of the first65% ofin the pipeline to be sanctioned another 26%, with Uzbekistan and Turkmenistan up significantly lower shares. Both players phase of the Kashagan field, contrib- taking play a fundamental role in the supply are mostly considered to bebbl/d gas-producing countries with little oil reserves held. Oil production base uting nearly 350,000 at plateau, dynamics. in Central Asia is rather mature with production levels largely supported by giant fields put on was instrumental in supporting oil Figure 2 depicts total recoverable production over the recent years. In particular, the start-up of the first phase of the Kashagan field, production in the region. Similarly, resources for the top ten oil discovercontributing nearly 350,000 bbl/d at plateau, was instrumental in supporting oil production in the the second phase of Shah-Deniz in ies expected to reach FID in the next region. Similarly, the second phase of Shah-Deniz in Azerbaijan that started up last year and is set to

Azerbaijan that started up last year [Type here] and is set to add 70,000 bbl/d at peak is a vital contributor to the stable medium-term profile. Moreover, a number of important discoveries have already been sanctioned with first oil expected in the early 2020s. Specifically, Tengiz further growth project (FGP), early production from Absheron and ACG fields will be essential for oil production in the region towards 2025. In the longer Veronika Akulinitseva, Vice President veronika@rystadenergy.com

ten years in Central Asia. The second phase of Kashagan is by far the largest unsanctioned development in the region, with estimated recoverable resources of around 5.3 billion boe. The giant Kashagan field was discovered in July 2000, and had since suffered from several delays and cost overruns. Although first phase production had started in 2013, it was soon suspended pending pipeline replacement, with the field put back on

N E W S F E AT U R E

add 70,000 bbl/d at peak is a vital contributor to the stable medium-term profile. Moreover, a number of important discoveries have already been sanctioned with first oil expected in the early 2020s. Specifically, Tengiz further growth project (FGP), early production from Absheron and ACG fields will be essential for oil production in the region towards 2025. In the longer term, discoveries currently waiting in the pipeline to be sanctioned will play a fundamental role in the supply dynamics.

stream in 2016. Production form the second phase is not expected before 2030. Other projects in Kazakhstan dominate the list of top unsanctioned oil fields, and include Kairan, Kalamkas-More and Karatobe fields, expected to be sanctioned around 2025. In Turkmenistan, the second phase of Goturdepe North contains an estimated nearly 250 million bbl in recoverable resources. Notable recently sanctioned projects include Azeri Central East, which reached FID in April 2019. The project has estimated recoverable resources of nearly 300 million bbl and is first production is targeted for 2023. Figure 3 depicts total capital investments into oil fields in Central Asia by the current life cycle of the projects included. Investments have been declining gradually from $13.6 billion in 2010 to around $11 billion in 2017. Last year spending increased again by over $2.6 billion, driven by investments into Tengiz FGP in Kazakhstan that is currently under development and is expected to begin producing towards 2022. Similarly, in 2019 investments into Tengiz FGP coupled with the start-up of infrastructure development at ACG field in Azerbaijan, will support strong capex levels in the region this year as well. Going forward, however, spending is anticipated to decline again with investments into sanctioned fields largely being sunk and development of discovery fields really picking up only from the mid-2020s. Therefore, total oil field investments in the region are currently anticipated to fall to around $5.2 billion towards 2023, increasing again to $7.2 billion by 2025, thanks to the second phase of Kashagan and Goturdepe North project in Turkmenistan.

Kashagan (Phase 2)

5,315

Kairan

268

Goturdepe North (Phase 2)

246

Kalamkas-More

245

Karabakh

203

Karatobe

148

Ashrafi

133

Kazakhstan

Ansagan

Turkmenistan

Kashagan Southwest

Azerbaijan

Yuzhno-Gremyachinskoye

1 000

2 000

3 000

4 000

5 000

6 000

Figure 2: Total recoverable resources for top ten for unsanctioned oil fields in Centraloil Asia by country Figure 2: Total recoverable resources top ten unsanctioned fields in Million bbl Asia (Source: from- Rystad Energy, November 2019)from Rystad Energy, November Central byUCube country Million bbl (Source: UCube 2019) Figure 2 depicts total recoverable resources for the top ten oil discoveries expected to reach FID in the next ten years in Central Asia. The second phase of Kashagan is by far the largest unsanctioned development in the region, with estimated recoverable resources of around 5.3 billion boe. The giant 14 Kashagan field was discovered in July 2000, and had since suffered from several delays and cost overruns. Although first phase production had started in 2013, it was soon suspended pending 12 pipeline replacement, with the field put back on stream in 2016. Production form the second phase is not 10 expected before 2030. Other projects in Kazakhstan dominate the list of top unsanctioned oil fields, and include Kairan, Kalamkas-More and Karatobe fields, expected to be sanctioned around Discovery 2025. In Turkmenistan, the second phase of Goturdepe North contains an estimated nearly 250 8 million bbl in recoverable resources. Notable recently sanctioned projects includeUnder Azeri development Central East, which reached FID in April 2019. The project has estimated recoverable resourcesProducing of nearly 300 6 million bbl and is first production is targeted for 2023. 4 2 0 2010

2012

2014

2016

2018

2020

2022

2024

[Type here] Figure 3: Total capital investments into oil fields in Central Asia by life cycle – Billion USD (Source: Figure 3: Total capital investments into oil fields in Central Asia by life cycle – UCube from Rystad Energy, November 2019) Billion USD (Source: UCube from Rystad Energy, November 2019)

Figure 3 depicts total capital investments into oil fields in Central Asia by the current life cycle of the projects included. Investments have been declining gradually from $13.6 billion in 2010 to around $11CONCLUSION billion in 2017. Last year spending increased again by over $2.6 billion, driven by investments into Tengiz FGP in Kazakhstan that is currently under development and is expected to begin Stable oil production in the medium term in Central Asia can be attributed to inproducing towards 2022. Similarly, in 2019 investments into Tengiz FGP coupled with the start-up of creasing contributions from recent developments, such as Kazakhstan’s Tengiz infrastructure development at ACG field in Azerbaijan, will support strong capex levels in the region FGP and Azerbaijan’s ACG (Azeri Central East). High levels of capital expendithis year as well. Going forward, however, spending is anticipated to decline again with investments tures already made in the last two years in these developments paves the way into sanctioned fields largely being sunk and development of discovery fields really picking up only for lower investments going forward until the next investment cycle in the midfrom the mid-2020s. Therefore, total oil field investments in the region are currently anticipated to 2020s as a result of new sanctioning. In the longer term the region’s production fall to around $5.2 billion towards 2023, increasing again to $7.2 billion by 2025, thanks to the will be supported by the discoveries awaiting development. second phase of Kashagan and Goturdepe North project in Turkmenistan. Conclusion

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Stable oil production in the medium term in Central Asia can be attributed to increasing

Midway Resources International l Company Profile Nigeria: MRI has a 48% working interest (and a substantially larger economic interest) in the Tom Shot Bank Field (“TSB Field”) located in shallow offshore waters near the mouth of the Calabar River close to the NigerianCameroon border.

The development benefits from being onshore, having close proximity to a connection to the national electricity grid and potential for a phased development to meet demand. These features allow for greater flexibility, better capital discipline and substantially lower recoverable volumes (<30 Bcf) to be commercially viable. As such, successful appraisal of and production from Pate-2 and 3 wells could have sufficient commercial volumes to proceed to the Phase 1 development of a small power plant (50MW-200MW).

Nigeria Kenya

Kenya: MRI owns a 75% working interest and operatorship (via its 100% subsidiary, Zarara Oil & Gas Limited) in two production sharing contracts over Blocks L4 and L13, Kenya, an area of some 7,800kms², one of the most sought after areas in the global upstream oil and gas industry.

Its strategy is to create value through the development of upstream E&P opportunities in Africa with an initial focus on discovered resources with early cash-flow and upside potential.

Haruru

Value creation and risk management is provided by a strong African-biased operating capability, local stakeholder support and it is planned to crystallize liquidity through an IPO or merger with an already listed entity.

Walu-1 Masalani

Nigeria: MRI has a 48% working interest (and a substantially larger economic interest) in the Tom Shot Bank Field (“TSB Field”) located in shallow offshore waters near the mouth of the Calabar River close to the Nigerian-Cameroon border. Business Development: Additional opportunities are under active assessment in Kenya and Nigeria and elsewhere within known hydrocarbon basins in Africa.

Kenya Pate Field and Exploration MRI, through its wholly owned subsidiary Zarara Oil and Gas Limited, holds a 75% working interest and is the Operator of Blocks L4 and L13, predominantly located onshore Kenya. The residual working interests, both free-carried until final approval of planned commercial production, a re h e l d by C H - Sw i s s O i l H o l d i n g s International at 15% and the National Oil Company of Kenya at 10%. MRI has negotiated a legally binding heads of agreement for the eventual acquisition of the 15% interest of CH-Swiss Oil Holdings. Blocks L4 and L13 are sizeable exploration

56 PESGB December 2019

Mararani-1

Ijara

Ras Kamboni Dodori-1

Map source: KeyFacts Energy

Lag Badana-Bushbush National Park

Bura

MRI is a private Cayman Islands limited liabi lity company with supportive shareholders and a very strong Board and Management Team.

OPERATIONS

Well, Pate-2: I n M a rc h 2 0 1 9 , Z a ra ra a n n o u n c ed preliminary results of drilling of the Pate-2 well on Blocks L4 & L13. The well was drilled to a total depth of 4,307 meters and penetrated the primary Lower Tertiary Kipini objective.

blocks with the L4 block being approximately 5,630km² in area and the L13 block being approximately 2,180km² in area. They are located in the highly prospective gas prone Lamu basin located on the northern coast of Kenya.

Midway Resources International (MRI) is a pan-Africa focused upstream oil and gas venture with existing projects in Nigeria (shallow water offshore – oil) and Kenya (onshore / transition zone- gas).

Lazima Garsen

Pate-1

Pandangua-1 Lamu-2

Kiunga

Lamu-1

Lamu-4 Lamu-3 Kipid-1

The drilling and development strategy is to prove up the resources, which have a Mid Case aggregate gross resource estimate of approximately 1,115 Bcf and through a gas to power development deliver electrical power for sale into the Kenyan national grid. Zarara is currently planning a drilling campaign for 2017, in which it will drill two wells: namely a well to ‘twin’ the Pate 1 well which was drilled by a Shell and BP consortium in 1971 and discovered gas in the Pate field; and, assuming technical success, a long reach deviated well to further appraise the field. The project will be developed in a number of phases, expanding as national demand for power grows and as the gas resource is proved up. Phase 1 comprises development of an early production facility requiring two wells and small gas handling and processing facilities designed to feed locally sited electricity generation modular units. Subsequent phases will involve drilling more wells and building additional gas processing and power generation facilities to allow for increased production to meet growing electricity demand.

Lamu KENYA Nairobi Map area

The well results successfully confirmed a working petroleum system in the Pate subbasin of the Lamu Basin. In addition to any further appraisal activity with respect to Pate-2 well, Zarara will now focus its further exploration activity within a Kipini play fairway that Zarara believes exists. Technical summary: The Pate field was discovered in 1971 by a Shell and BP consortium while drilling the Pate-1 well which encountered over-pressured gascharged sands in the Basal Kipini reservoir at 4,175 metres MD. During drilling, the well kicked and flowed gas from an uncased hole section. The well was eventually brought under control after flowing for some 2-3 days, and then plugged with cement and abandoned, as the consortium’s primary objective was to discover oil. The consortium had previously drilled Dodori-1 well in 1964, which is located 30km to the northeast of Pate-1, in Block L13. Dodori-1 was drilled to a depth of 4,159 metres and gas shows were also present but flowed at uncommercial rates exceeding 2 mmscf/day.

Midway Resources International l Company Profile T h e t wo b l o c ks we re s u bs e q u e nt l y relinquished by the consortium and licensed out by the Ministry of Energy and Petroleum to Swiss Oil Holdings International (‘SOHI’) on 3rd September, 2008 under two separate Production Sharing Contracts (‘PSC’). On 4th April 2011, SOHI farmed out a 75% interest and operatorship in each licence to Zarara, a private exploration company, in return for fulfilling the blocks’ licence commitments. Zarara was acquired by a subsidiary of Midway Resources International on 1st May 2012.

OML 14 Boundary

N CA IGE R M ER IA OO N

Geological overview: Pate-1 is located in the NW corner of the Pate island, 70km SW of the Kenyan-Somali border and 32km NE of Lamu. The well is located approximately 30km SW of Dodori-1 and approximately 35km NE of Lamu-1. Further SW is the Kipini1 well.

Pate-1 encountered a 10 metre thick porous sand of probable Lower Eocene age at 4,175 metres MD. The well kicked and the open hole was cemented to control the well. As the primary hydrocarbon objective was oil the well was subsequently abandoned by Shell and BP. The gas-bearing sands were not logged or tested. A gas sample was recovered and assayed by Shell at its Mombasa Refinery and evidences relatively lean natural gas relatively free of noxious elements. The gas discovery by Pate-1 critically proves a working hydrocarbon system. The objective of the appraisal and delineation phase is to assess the connected volume to that well and determine its sustainable production. Longer term, Blocks L4 and L13, covering approx. 7,810 sq km, offer co n s i d e ra b l e ad d i t i o n a l ex p l o rat i o n potential.

NIGERIA Tom Shot Bank Field In July 2016, MRI farmed-in to acquire a 48% working interest (and a substantially larger economic interest) in the Tom Shot Bank Field (“ TSB F ield”) located in shallow offshore waters near the mouth of the Calabar River close to the NigerianCameroon border. Originally the TSB Field was located within OML 14 and licensed to Nigerian National Petroleum Company ("NNPC") (55%) and a Shell /Agip/Elf consortium (45%). The field was then farmed out pursuant to a farm out agreement dated 27th April 2004 under the Nigerian marginal field program to Associated Oil and Gas Services Limited (“AOGSL”) as 51% working interest holder

Farm-out area Limit of 3D seismic data

NIGER CHAD Map source: KeyFacts Energy

Pate-1 was drilled to a depth of 4,175 metres MD on a closed culmination of the SW extension of the Mararani-Dodori anticlinal trend. The well was intended to test Lower Tertiary and Upper Mesozoic strata and was a follow up of Dodori-1, drilled in 1964, which encountered small shows and traces of bitumen in the Paleocene.

also has hydrocarbon off-take and lifting rights. The appraisal, development and production operations will be managed and controlled by MRI on behalf of the Operator until its financial support and investment rewards are fully recovered. The recovery of its financial support and investment rewards is fully secured against the interests of AOGSL and DPL and their shareholders.

OML Bound114 ary

BENIN

NIGERIA

CAMEROON

CAR

OML 14 Area

and Operator and Dansaki Petroleum Limited (“DPL”) as 49% working interest holder. Subsequently, Shell Agip and Elf relinquished their interests in OML 14 and t h e a rea re ve r ted to t h e N i ge r i a n Government. In 2012, Mira Resources Corporation (“Mira”) a company listed on the TSX Venture Exchange, farmed into the licence and became the Technical Service Provider. It funded the re-entry of TSB-1 well, relogged the well and completed a DST, which flowed 41 degree API crude. After operational difficulties forced abandonment of further drilling and testing operations, Mira became financially distressed and its farm-in interests were eventually terminated and reverted to AOGSL and DPL. AOGSL and DPL have formed an unincorporated joint venture with AOGSL as Operator (TSB Field JV) to appraise, develop and produce the field. MRI has acquired its 48% working interest from both parties pro rata such that, and subject to Ministerial consent, the new ownership will be as follows: AOGSL 26.5 % (Operator) DPL 25.5 % MRI 48.0 % MRI will provide technical, managerial and financial leadership to the TSB Field JV over the life of the field under the terms of a Technical and Management Support Agreement agreed between the parties. MRI

Thank you to KeyFacts Energy for this oil company profile. Contact Chris Pettit if you have a company profile suggestion. e. chris@keyfactsenergy.com t. 07590 442868

In August 2012, RPS Energy (“RPS”) prepared an independent assessment of the resources associated with the TSB Field and identified 22 mmbbls of gross 2C contingent resources from 99.8 mmbbls oil initially-in-place (“OIIP”). In February 2013, Schlumberger PetroTechnical Services was asked to provide Mira with a review of the RPS work based on the additional information available and whilst agreeing the reservoir OIIP” for the largest reservoir interval U7, overall they concluded that for the 5 main sand intervals the OIIP was 93.6 mmbbls, similar to an assessment by RPS of 99.8 mmbbls. Technical Summary: TSB Field is a shallow offshore field located in water depths of a p p rox i m ate l y 1 5 m et res . TS B was discovered by Shell Petroleum during the 1980’s and encountered 130 metres of gross hydrocarbon pay. The TSB Field reservoirs are Upper Miocene in age and are located at a depth between 1050-2500 metres TVDSS. The interval of interest in TSB-1 is in the Biafra Member of the Agbada Formation. The reservoir formations are the U-sandstone reservoirs. There are approximately 13 sand reservoirs identified in the logs. These are a mixture of typical Niger Delta channels and sand bars as well as more laminated sequences towards the deeper horizons.

LEADERSHIP / CONTACT Peter Worthington Chief Executive Officer Dr Mark Bristow Chairman Dr Kwame Nyantekyi-Owusu Deputy Chairman Patrick Barr Chief Financial Officer Austen Titford COO, Kenya Joe Attueyi President MRI Nigeria Anish Airi Subsurface Manager Peter Nduru Country Manager, Kenya Alawy Azein Community Liaison Officer, Kenya Abdulswamad Twalib Basheikh Deputy Community Liaison Officer, Kenya MRI Management Company LLP 15 Half Moon Street London, W1J 7DZ United Kingdom Tel: +44 (0)20 7495 7072 Midway Resources International Registered Office: Ugland House, South Church Street PO Box 309GT, George Town Grand Cayman Cayman Islands

KEYFACTSEnergy

www.keyfactsenergy.com

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PES Consultant Directory AKM Geoconsulting Ltd Dr Adam K Moss – Core Analysis Petrophysicist Core provides a unique opportunity to “see and touch” a reservoir: AKM Geoconsulting can help you make the most of this prospect. Adam Moss is a core analysis expert with over 25 years’ petrophysical experience; he works with assets and multi-functional teams to define best-practice workflows and ensure high quality core analysis data. He can also help with: design and management of SCAL test programmes, core to log integration, building saturation height function models and integration of core data into reservoir models. Adam provides bespoke training on a wide range of petrophysical topics to an international portfolio of clients. adam@akmgeo.co.uk +44(0)785 8089247 www.akmgeo.co.uk Adinvenio Multimedia Ltd Dr Greg Samways – Petroleum Geologist Petroleum geologist with 20+ years’ experience of geological description and training in all major depositional systems and G&G disciplines, from exploration to production-scale. Specialist in sequence stratigraphy, log analysis, sedimentology, petrography, inorganic geochemistry, diagenetic modelling, reservoir quality analysis and prediction, and reservoir modelling. Experienced project manager skilled at defining workflows, scheduling and delivering focused integrated multidisciplinary play fairway to reservoir-scale studies. +33 (0)5 55 785420 gregsamways@adinvenio.com www.adinvenio.com www.linkedin.com/in/gregsamways Blackbourn Geoconsulting Graham Blackbourn – Sedimentologist & Petrographer Over 35 years’ experience in reservoir evaluation from a microscopic to a basin-wide scale. Specialises in reservoir facies modelling, basin analysis and diagenetic interpretation in hydrocarbon exploration and development. Worldwide experience, especially UKCS, Russia, Central Asia (the “-stans”) and the Far East. Formerly with BNOC/Britoil (Head of Sedimentology) and BP, then over 30 years consulting. graham@blackbourn.co.uk 01506 828110 www.blackbourn.co.uk 58 PESGB December 2019

Bodecott Consulting Dave Bodecott has been an independent consultant from 1981, also manager and director in world-wide exploration geology and geophysics, specialising in seismic interpretation. From 2004-2013 he was acting or actual Exploration Director of Rockhopper Exploration plc, leading to the discovery of the large Sea Lion Oilfield and satellites, all of which were successfully farmed out. Rockhopper won several City “Explorer of the Year” type awards after the 2010-2012 discovery and appraisal. He has worked for major companies and as consultant for forty years and as NED for other listed companies. www.bodecott.com Chris Clayton – Geochemist Over 30 years experience in all aspects of geochemistry and 1D/3D petroleum system modelling worldwide, including North Sea, Gulf of Mexico, SE Asia, Middle East, North, East, South and West Africa. Special expertise in natural gas problems including biogenic gas exploration and inorganic gas prediction. geochem@c-clayton.com 01584 881318 Geospatial Research Ltd – Integrated Geoscience from Fieldwork, Satellite & Map Data Technology-savvy consultancy with very wide experience spanning most of the world’s petroleum provinces at a variety of scales: from global geodynamics to prospectscale mapping to subseismic fracture networks. Detailed outcrop capture using lidar & UAVs. Many months fieldwork each year. Field training and bespoke field trips. Richard Jones richard@geospatial-research.co.uk www.geospatial-research.co.uk Global Exploration Services Ltd Managing Director: Ray Bate – geologist/biostratigrapher, specialising in Pre-Salt basins of West and Northwest Africa & Brazil, also Pannonian Basin & Middle East; Directors: Andy Carr – Geochemist, basin and petroleum system modeller; Enzo Zappaterra – petroleum geologist; Tony Henshaw management consultant, seismic. Our team, including associates, has over 35 years of work experience, worldwide, working for international oil companies and consultancies. Non- exclusive reports are available for East Africa, West Africa, Libya & the Philippines. Integrated projects undertaken covering all aspects of exploration and production evaluation. 01444-459223 info@globalexplor.com www.globalexplor.com

C O N S U LT A N T S E R V I C E S

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Lomond Associates Sedimentological Consultants Applied reservoir sedimentologists and petrographers with 30+ years of problem solving experience in a wide range of clastic environments, UK and International. Practical reservoir description focused on reservoir quality. Single well, field and regional facies and diagenesis studies are integrated with other disciplines (biostratigraphy, petrophysics, FMI data, chemostratigraphy) to generate robust reservoir models. 01505 843002 mail@lomond-associates.com www.lomond-associates.com Needham Geoscience Limited Dr Tim Needham – Structural geologist Consultant structural geologist with 20+ years of experience worldwide, including NW Europe, Africa, Middle East and the Americas. Work at all scales, ranging from core description to regional tectonics with extensive experience in fault and fault seal analysis, fractured reservoir studies, structural restoration and QC of interpretations for exploration and production. 01943 277030 07884 404373 tim@needhamgeoscience.co.uk www.needhamgeoscience.co.uk OPC (Oilfield Production Consultants Ltd) Integrated Geosciences and Subsurface Engineering Oilfield Production Consultants (OPC) is a consultancy providing fully integrated geosciences, subsurface engineering and reservoir management expertise. We perform a wide range of subsurface geophysical, petrophysical and geological studies as well as seismic interpretation projects. OPC has supported clients in license rounds and our team can quickly evaluate available blocks, map prospects and leads, assess the risk and uncertainty associated with each element of the petroleum system, and provide work programme support moving forward. Regional geological and integrated basin studies can be performed in locations around the world, from frontier to mature basins. OPC can offer farm out services to clients, including evaluating data, constructing and hosting data rooms. Piers Johnson, Managing Director Julie Buckingham, Principal Geoscientist +44 (0)7428 1111 london@opc.co.uk https://opc.co.u

Petroleum Geology Consulting Limited Dr Stephen J James - Consultant Geologist Specialising in reservoir, development, and production geology, with experience of clastic, carbonate, unconventional, and fractured oil and gas reservoirs principally in NW Europe, Russia, West and East Africa, the Middle and Far East. Services include bespoke technical projects, in-house consultancy, technical reviews, training, and third-party project management. We aim to add value by complementing the experience of our client’s technical teams. How can we help? For more information and discussion of your project needs please contact us. T: +44 (0) 7493 235970 E: stephen.james@petgeoconsult.co.uk W: www.petgeoconsult.co.uk Philip Fish - Seismic Interpretation Consultant 35 years experience as a seismic interpreter - from the majors to the minors. All key areas of exploration covered from basin analysis, regional studies, through to prospect generation, drilling and post well review. Extensive expertise in deep-water hydrocarbon systems, specialising in the integration of seismic and well data to produce robust prospects. AVO practitioner in both Cretaceous and Tertiary deep-water clastics. Extensive Atlantic Margin experience from Falklands to Foz do Amazonas and from Namibia to Norway. Proven track record along the margin of successful regional studies, licence round evaluations and applications to farm-ins and farm outs. Discoverer of hydrocarbons along the South Atlantic margin. Involved as founding partner in start-up company, with a successful IPO ultimately leading to drilling and hydrocarbon discovery. Multi-platform workstation experience. 07952 942048 philipfish@waitrose.com Phil Mollicone Experienced oil industry geophysicist Extensive background of seismic interpretation & mapping; collaborative team working; depth conversion & sensitivity analysis; QI & AVO; and recently seismic acquisition & processing, all of it across a wide range of geologic and geographic provinces. +44 (0) 1777 572 6408 Email: PhilMollicone@aol.com www.linkedin.com/in/pmoll-seismic

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C O N S U LT A N T S E R V I C E S

PES

Pore Scale Solutions Ltd Jon Bouch & Emma Whear Petrographical consultants specialising in reservoir quality evaluation and prediction by the integration of petrography, diagenetic modelling, geochemistry and pore system analysis, with sedimentological and petrophysical data. 01209 832292 contact@porescale.co.uk www.porescale.co.uk

SeisWise Ltd Christopher H. Walker Seismic Data Processing Consultant Contractor supervision; expert advice on reprocessing, trial processing, processing contracts; training courses. Over 40 years’ experience, MA (Cambridge, mathematics) MBA. 01234 771536 chris@seiswise.com www.seiswise.com

Rho*V UK Ltd Dale Harger – Seismic Geophysicist Rho*V can effectively engage all aspects of seismic acquisition and processing projects. Services include; • Leader in high-definition, high trace density, low surface impact land 3D seismic survey design, • Seismic data acquisition/processing Project Management for land, streamer, and OBC surveys. • In-house bespoke 2D/3D seismic processing, • Specialist in refraction statics, noise attenuation, demultiple, 5D regularization, PSDM, and FWI, • Gather conditioning for QI analysis, • Geophysical research, • Contract tendering, evaluation, and supervision. Harger@RhovCo.com +447505901267 www.RhovCo.com www.linkedin.com/in/DaleHarger

TERRASYS Geophysics – Integrated Analysis, Modelling, Inversion and Interpretation Based in Hamburg as independent consultancy, TERRASYS offers interpretation services to the international exploration industry, focusing on non-seismic technologies. In close cooperation with our clients we ensure that gravity and magnetics plus other constraining data will be utilized most effectively within integrated workflows. We apply our own multi-disciplinary modelling and joint inversion tools for reliable geological solutions, from structural earth models to seismic velocity validations. Complex targets and tectonics require specific solutions, thus our flexible approach aims to reduce model uncertainty and exploration risk, either on plays, prospects or reservoirs. t: +49 40 2800460 e: krieger@terrasysgeo.com www.terrasysgeo.com

Stephen O’Connor – Global Geopressure Advice Geopressure advice for Exploration, Asset, Production and Development Teams The understanding of geopressure is a vital element when exploring the subsurface at all stages of exploration and exploitation. Whether assessing a basin, risking a prospect, preparing to drill, actively drilling or developing and producing an existing accumulation, Stephen brings together disciplines such basin studies; sedimentology, rock physics, structural geology and geomechanics to provide an integrated, holistic service aimed at provide variable levels of expert analysis to suit technical and budgetary requirements. This consultancy can also offer training courses for companies, whether off-the-shelf or bespoke such as tailored for asset teams and drilling. The development, design and implementation of a Best Practice approach to geopressure within a company can also be requested. +7920713609 oconnorstephen373@gmail.com globalgeopressureadvice.com (coming soon) 60 PESGB December 2019

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