Day One

25th April

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

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

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

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

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

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?

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?

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

17.00 Chair’s closing remarks and end of day one