Ian Phillips

Pale Blue Dot Energy Limited

Abstract: 

This presentation considers the future of the oil and gas industry from two perspectives.

The first half paints a picture of an industry in extremely good health and with an exciting future – global population continues to grow and individuals’ standard of living continues to rise – so demand for energy is growing steadily. Despite this growing demand, global proven reserves have risen as technology improves. In addition, we know where there is a lot more oil and gas in deposits that are currently uneconomic, but a small increase in the oil price would make these “proven reserves.” In a nutshell, the industry might have a bright future.

The second half presents the significant obstacle: summarizing the science of climate change and considering what happened when temperature rose this high in the past. The emerging alternatives, renewables, energy efficiency, and some dramatic scientific advances in “clean hydrocarbons,” will also be reviewed.

The presentation closes with an assessment of the impact of these competing forces on the oil and gas industry, the developed world, and the human race.

Biography: 

Ian Phillips has over 30 years of experience in the upstream oil and gas industry with operators and service companies.

In 2007 he became a founding Director of CO2DeepStore Limited – now Pale Blue Dot Energy Limited – the first company specifically seeking to deliver CCS as a service. 

He holds an M.Sc. in Petroleum Engineering from Heriot Watt University and an MBA. He is also a Fellow of the UK Energy Institute and is a Chartered Petroleum Engineer. 

He recently completed 4 years as chair of the SPE Aberdeen Section and was previously  North Sea Regional Director on the SPEI Board. He is an SPE Distinguished Member.

 

Our Purpose:

The Production Engineering Special Interest Group is primarily an informal learning, discussion and networking group for members to communicate ideas and solutions to one another.

SPE QLD Production Engineering Special Interest Group along with our event sponsor Pro-Test Well Services, are excited to showcase their next event “Bottom Hole Pressure Technology & Innovation”. The format of the event will consist of 3 guest speakers (bio’s below). Each speaker will have the opportunity to showcase their latest technology and innovation and the attendees will have the opportunity to ask questions in return. Toward the end of the event all parties will come together for a moderated joint discussion. There will be an opportunity for networking before and after the event. 

Event Details:

 Location (SEE LINK) – The Depot, Ground Floor 135 Coronation Drive

• https://goo.gl/maps/ewnmd8TufEr1eVz8A
• Enter building and proceed to event room next to lifts.

Date/Time – 12^th May – 7:30am to 10:30am

Ticket Cost – $10*

*Ticket cost includes a $10 voucher for food and beverage

For more information, please contact Jackson Searle (Origin Energy Production Engineer): 0488014960 | jackson.searle@origin.com.au

Speakers:

Scott Adam – Pro-Test Well Services

Scott Adam is the Engineering Manager at Pro-Test Well Services, a company dedicated to providing reliable service and innovation to the Oil and Gas Sector. With over 25 years in both the Oil and Gas and Mining Industries, Scott has extensive experience developing new drilling and completions technologies.  Scott is known for developing targeted, effective innovation strategies and applying them to deliver step change outcomes for industry. In previous roles he has been involved in technology start-ups and managed programs of applied research. Scott lives with his family in Brisbane.

https://www.linkedin.com/in/scott-adam-31954a12/

Sam Bost – Machine Learning SIG

Sam is the Managing Director at SIG Machine Learning Pty Ltd., an engineering led A.I. technology start-up based in Brisbane, Australia. With a background in Petroleum Engineering, Sam has actively developed Machine Learning (ML) solutions across CSG D&C, Production and Reservoir Engineering domains. After taking out international data science competitions across multiple industries, Sam has been managing SIG ML full-time since early 2021. Currently, SIG ML is focussed on the deployment of multivariable A.I.-augmented supervisory control algorithms for CSG well optimisation and turndown management. Sam looks forward to presenting on the SmartPCPTM wellsite control solution and the broader opportunity to apply advanced analytics to drive safer, smarter, simpler ways of working.

https://www.linkedin.com/in/samuelbost/

Quentin Morgan – QTEQ

Quentin Morgan has 39 years’ experience at both small and major international oilfield services companies. After several years in various field positions in the North Sea, he spent 13 years at Expro Group in operational and management roles helping to establish new geomarkets for various product lines, and a further four years managing the company’s R&D team. Quentin then spent 10 years at Weatherford, first as a product line manager covering Middle East & North Africa, then as a technical director with a global remit to commercialise new well completion and monitoring technologies. Quentin was appointed CTO of Qteq’s forerunner in Queensland at the end of 2011 and currently manages development and commercialisation of new technologies across Energy, Mining and Water industries. He holds a BSc in Nuclear Physics and an MSc in Petroleum Engineering.

https://www.linkedin.com/in/quentin-morgan-807b4813/

Geoff Salter

RISC Advisory

Abstract:

Global upstream transactions are estimated at $150 bn in 2019. Production/cost forecasts and assessment of future opportunities/risks are crucial inputs to the economic evaluation of a potential acquisition. It follows that potential buyers need to conduct technical due diligence on these inputs. In times of volatile oil and gas prices, good technical due diligence can be the difference between a good and a bad deal.

Petroleum engineers are often called upon to join acquisition teams. With typically a few days/weeks of evaluation time, technical due diligence requires considerable focus and a fundamentally different approach to the typical industry workflow. Yet, there are no industry courses on this subject and a OnePetro search reveals the last paper was 30 years ago.

This talk highlights how a Petroleum Engineer should approach working in an upstream acquisitions team and illustrates practical methods for conducting technical due diligence. A ‘top down’ process that starts with identifying what drives value is proposed. Several case studies are presented showing how good technical due diligence has had a fundamental impact on acquisition decisions.

The key thing I would like people to take away is that technical due diligence requires a very different approach from the Petroleum Engineer’s ‘day job’.

Biography:

Geoff Salter is a Partner at RISC Advisory specializing in Reservoir Engineering. He holds an MSc in Petroleum Engineering. His early industry experience was focused on field development and production operations with major operators Shell and Woodside. During his nearly 25 years at RISC Advisory based in London or Perth, he has led technical due diligence teams on oil and gas acquisition opportunities in the Asia-Pacific region, Europe, Middle East and Africa. He has travelled extensively throughout these regions, presented at industry conferences and participated in SPE ATWs.

Peter Nigel Cameron

Energy Markets Global Limited, UK

Abstract:

The global Liquefied Natural Gas (LNG) industry is going through disruptive transformation. This term is often heard but one we can now see applied to a large capital intensive industry. For decades, the LNG business had been traditional, cosy, conservative and uncompetitive, with a few large players, opaque and rigid.

We consider the drivers that make an industry change, particularly an energy industry and the characteristics of energy markets. We find that LNG meets the criteria of an industry ready for change. Three key factors drive transformation, namely an industry wide crisis, action to enable the business environment and then the market developing by itself.

Drivers for LNG change include technological (FSRU, FLNG, supersized ships, Mini-LNG, bunkering) and commercial (global LNG oversupply, regulatory, new demand and supply centres, new business models, new players, new trading patterns). Any of these can provide an industry crisis but among the most important is the entry of the USA, set to become the world’s marginal LNG supplier (which sets the price) and also largest supplier, with different business models. The combined effects are transformational.

Change is continuing, with the growing influence of the USA, LNG hubs, bunkering and mini LNG. The sleepy traditional LNG world is changing and will continue to do so. Coronavirus has a large impact but the LNG world was already transforming.

Members should consider what further disruption will come. They should also identify additional value in gas from previously stranded supplies and demand which can now be opened up.

Biography:

Mr Peter Cameron is Founder and Managing Director of Energy Markets Global, a UK based international energy markets consultancy. He is also lecturer in Business Strategy for Middlesex University (UK) Oil and Gas MBA.

Peter advises governments and companies globally on the economic and commercial aspects of gas markets. He has over 25 years of worldwide project experience (long and short term). He was Chairman of the International Services Board of the Society of British Gas Industries and represented the British Government on the gas sector worldwide. Previously, Peter was Corporate Strategist and Planner for British Gas (now Shell).

River Room, Customs House from 5.00pm

• Limited Early Bird Tickets: members $50 / non-members $60.
• Full Price $80 pp
• Includes a selection of Wine, Beer & Canapés
• 3 hour Beverage Package

MORNING TEA Tuesday November 16 – 8am free to conference attendees

• Arrow Townhall, 111 Eagle Street
• 8.00 am – coffee / tea + light refreshment
• 8.30 am – welcome Bill McKenzie (Arrow Energy Vice President, Strategy | New Business | Development)
• 09:00 – 09:30 GP01  Watch Opening & Keynote Session on the Big Screen
• 09:30 – 10:30 GP02  Executive Plenary: Unconventional Resources as a Pathway to a Sustainable Energy Future
• 11:00 – 12:00 PS01  Panel Session 1: Valuing Unconventionals, The Good, The Bad and The Ugly

Biography:

Mark Stone is the Chief Executive Officer of Resources Safety and Health Queensland, the independent regulator of safety and health in the explosives, mining, quarrying and petroleum sector.

Before joining the Queensland Government in 2014, he spent 20 years in the international oil and gas industry, in upstream technical and leadership roles. For most of that time he has been a member of the SPE, serving on global and regional committees. Mark holds a master’s degree in Petroleum Engineering and is a Fellow of the Institute of Engineers Australia.

 

Summary:

RSHQ’s vision is zero serious harm across the state’s resources sector. Our mission is to regulate, educate and assist industry in meeting its obligations to protect and promote the safety and health of persons from risks associated with mining, quarrying, explosives and petroleum and gas. In this presentation, Mark will discuss what it means to be a risk-based regulator, how the Queensland resources sector is performing, and the role we all must play in achieving zero harm to workers.

Biography:

Darren is the Project Director at CTSCo.  CTSCo is the proponent for a Surat Basin carbon capture and storage project seeking to reduce emissions from power generation in Queensland.

Darren has over 22 years of oil and gas exploration, development and operations experience including previous executive roles with Senex Energy and the drilling and energy services companies Easternwell and High Arctic Energy Services.  Darren holds a Bachelor of Mechanical Engineering degree from the Queensland University of Technology and is a Chartered Engineer and Engineering Executive with Engineers Australia.

Topic Summary:

  CTSCo’s Surat Basin Carbon Capture and Storage Project

The objective of the Surat Basin carbon capture and storage (CCS) project is to demonstrate the viability of carbon capture from a coal-fired power station and the effective permanent storage or use of the captured CO2. The project is intended as a first step toward large scale CCS within a Surat Basin hub, with emissions from multiple generators and other industrial sources being captured and safely stored. The CTSCo project comprises a proposed demonstration-scale CO2 capture plant and a CO2 sequestration site located in the southern Surat Basin.

To date, CTSCo has investigated several potential storage reservoirs located close to CO2 sources in central Queensland and are currently focused on the appraisal of a site located in the southern Surat Basin with industrial-scale sequestration potential. As part of the project, CTSCO has initiated and supported a range of research and development projects associated with the monitoring and verification of injected CO2, storage reservoir evaluation, containment de-risking and environmental monitoring.

There is an upcoming Online Data Analytics bootcamp that PESA QLD are offering (run by Halliburton).

The course will be five 3 hr online sessions across the week starting 9^th August. I have included the session overview below (more details in link).

Presentation:	Data Science E&P Bootcamp Online Course 2021
Venue:	Participants will be provided with a MS Team link. Trainers will be broadcasting from Brisbane/International.
Date & Time:	Session 1 – Mon Aug 9, 1:00-5:00pm (AEST) Session 2 – Tue Aug 10, 1:00-4:00pm (AEST) Session 3 – Wed Aug 11, 1:00-4:00pm (AEST) Session 4 – Thu Aug 12, 1:00-4:00pm (AEST) Session 5 – Fri Aug 13, 1:00-4:00pm (AEST)
Cost:	PESA Members: $950.00Non- Members: $1150.00 Student/Retired Members (max 2): $750.00

https://pesa.com.au/events/pesa-qld-online-course-data-science-ep-bootcamp-2021/?mc_cid=1815fb91d8&mc_eid=bb52cd3bd7

Data Science E&P Bootcamp Online Course 2021

Session #1: General Theories of Data Science Including O&G Case Studies and Basic Theories of Artificial Neural Networks (4 hours)

This session will introduce the participants to data sciences, machine learning and artificial intelligence in the light of energy industry. The focus will be on the concepts of different machine learning techniques and algorithms in general. Additionally, a few real case studies applicable to solve energy industry problems will be discussed to make participants understand the concepts. Also, the session will discuss artificial neural networks (ANN) concepts to the participants, as ANN finds numerous applications for AI/ML driven solutions implementation. This session caters the conceptual understanding of different architectures of neural networks, namely, CNN, RNN, MLP, etc.

Session #2: Exercise – Facies Classification trough Data Driven Well Log Analysis (3 hours)

Supervised / Unsupervised approach will be used in this hands-on exercise for facies interpretation using well log data. Facies classification finds a valuable application to determine the reservoir or non-reservoir facies. Data driven approach will emphasise the value addition besides conventional petro-physical approach of solving a similar problem.

Session #3: Exercise – Well Log prediction from Seismic Attributes (3 hours)

A supervised machine learning technology will be used for synthetic log generation in this exercise. A novel approach will be discussed in this exercise, so the participants can generate their own synthetic log. These logs can be used further for static reservoir modelling. This exercise will also help the participants to understand the hyper-parameters of model tuning aspects.

Session #4: Exercise – Fossil Classification through Computer Vision Image Analysis (3 hours)

Computer vision will be used to do some image analysis of fossils. This supervised method can be very useful for the participants for implement the similar model for well core sections for identifying biomarkers or do bio-stratigraphic interpretation.

Session #5: Exercise – Short Term Production Prediction through Machine Learning Model (3 hours)

Prediction of the oil or gas production is the key for successful hydro-carbon business. Machine learning based approach finds a very good application in this scenario. In this exercise, the participants will earn about the concept of time series analysis and ANN will be used to predict the gas rate for time series data.