Tuesday 26 February 2013
8.15 Registration and networking breakfast
8.45 Chair’s opening remarks
9.00 Challenges and Opportunities in Mature Fields
- Size of the Prize – Mature Fields as a foundation of global production
- Overcoming the three main challenges operators face in mature fields
- Maximizing ROI by aligning mature fields projects with execution
Rich Byrnes, VP of Consulting, Halliburton
9.30 Production enhancement contracts: a new business model to enhance the economic value proposition of mature field redevelopment
- Options available to benefit from external human and financial resources while limiting risk
- How to get additional experienced manpower on the ground to boost redevelopment
- Lessons learned after 2 years of mature field experience and plans for the future
Gabriel Selischi, Vice President of Exploration and Production, OMV Petrom
10.00 Speed networking
10.30 Morning refreshments and networking
11.00 IOC/NOC Panel: Critical success factors in maximizing the value from mature fields
- Understand the critical questions to ask to guarantee opportunities are spotted in your portfolio
- Learn how to make effective decisions about how much time and investment to spend on mature prospects
- Gather tips for best practice when managing fields that require stimulation but must nevertheless deliver ROI
Tom Bundy, Development Manager, Conoco Phillips
Gabriel Selischi, Vice President of Exploration and Production, OMV Petrom
Peter Leach, Senior Vice President Americas, Petrofac
11:40 Spotlight Presentation: Organic Oil Recovery – a dramatic new twist bringing new life to mature fields
Titan Oil
11.50 Independent’s Panel: Managing a mature field portfolio -making difficult decisions
- Gather tips for making decisive portfolio decisions
- Aggressive stimulation: learn when to be bold with enhancing production, and when it may do more harm than good
- The benefit of low-tech solutions: learn from versatile producers how low-tech solutions may provide the greatest commercial benefits
Chris Faulkner, CEO, Breitling Oil & Gas
John Jurasin, CEO, Radiant Oil & Gas
Christopher Whyte, CEO, PetroSantander
12.30 Networking lunch
14.00 The PetroSantander approach to finding and maximizing value from mature fields
- Developing a roadmap for effective value creation in a brownfield operating environment
- Identifying overlooked opportunities and maximizing recovery in mature field developments
- Common lessons from PetroSantander’s experience around the world you can apply in your projects
Christopher Whyte, CEO, PetroSantander
14.30 Roundtable solution-finding session: Considering cost versus value in aging field revitalization
- Is there a need to change the way operators look at their mature portfolios?
- What is the best metric for considering and prioritizing aging fields: the cost of improving production or the value of the long term return?
- Are there too many misunderstood risks to truly assess value?
Facilitated by the chair
15.30 Afternoon refreshments and networking
16.00 Case study: How new operating models have enhanced the economic value proposition of mature fields in Romania, Mexico and the UAE
- Why mature field value creation does not have to be linked to identifying overlooked opportunities
- The ‘dos’ and ‘don’ts’ of implementing a mature field development operating model and what demonstrable progress you can expect to see
- What lessons have been learned from mature field developments with Petrom, Pemex and Dubai Petroleum?
Peter Leach, Senior Vice President Americas, Petrofac
16.30 How PetroAmazonas is planning to advance production recovery in mature Ecuadorian fields
- Commercial, strategic and contract options available for a state oil and gas company to revitalise its mature fields
- Decision making criteria to enhance oil recovery from mature developments
- What results have been generated from pilot projects aimed at improving recovery from fields which have been exploited for 70% of their expected reserves
Oswaldo Madrid, General Manager, PetroAmazonas
17.00 Chair’s closing remarks and end of day one
