London A heady mix of technical and business finance expertise – giving a flavour of the Section’s forthcoming Annual Conference and Exhibition (see page 12) – will take centre stage at SPE London’s monthly evening meeting, on 26 February, at the Geological Society, Piccadilly.
Sacha Sarshar, of Caltec, will make a welcome return to present ‘Subsea production and flow assurance’, which discusses the main reasons for subsea development in deep water and hostile environments, and the challenges related to subsea production, subsea separation, subsea boosting systems (gas and liquids), and long distance transport of fluids.
Some subsea developments also involve production from tight, fragmented reservoirs which pose further challenges to maximise total recovery. Reliability of subsea production systems, and inspection, maintenance and repair (IMR) issues are among key factors which influence the design and selection of subsea production systems. The vision and realities are compelling, and the talk covers existing subsea technologies and the gaps – hopefully prompting some lively discussion by experts and enthusiasts in this challenging and exciting field.
Sacha, Chief Technology Officer and co-founder of Caltec, has more than 40 years’ experience in the oil and gas industry. He started out as a Production Engineer in the Middle East oilfields and later worked for a number of engineering companies involved in the development, design and commissioning of oil and gas production systems and subsea production and separation systems. He has more than 14 patents on jet pumps and compact separation systems, and has won several awards for innovation, including the prestigious Award for Innovation from the Royal Society.
Caltec is an innovative product development and supply company which is part of the Production Solutions division of Petrofac. Caltec`s speciality is the design, supply and applications of surface jet pumps, and compact separation systems, known as I-SEP/HI-SEP, for a wide range of duties. The company holds numerous patents on these products and has won several awards for innovation.
Following the networking buffet, Will Holland, of Macquarie Energy Capital, will share some valuable advice on ‘Attracting finance – traps for young, and old players’.
Small Cap E&P companies often struggle to raise capital, particularly in these uncertain economic times. Will’s talk will investigate: the different types of finance available to Upstream E&P companies; who invests in the sector; the financial products each type of investor can provide, and the qualities different investors typically look for when investing in Upstream oil and gas companies. The insights provided during the talk will help prevent both technical and commercial company executives from falling into the common ‘traps’ often encountered when pitching their company to the investment community.
Will Holland is an Associate Director of Macquarie Energy Capital. He has worked in the oil and gas industry for more than 15 years and has spent the last six years at Macquarie investing in Small Cap Upstream E&P companies. After graduating Bachelor of Mechanical Engineering from Warwick University, he started his career with Halliburton as a Stimulation and Cementing Engineer in the North Sea before moving into business development in the West Africa region. He completed an MBA from Heriot Watt University in 2003 and following a period working on corporate financial control projects, joined the Energy Capital team at Macquarie Bank’s London office.
Macquarie Energy Capital is a specialist financing group within Macquarie Bank Ltd that provides debt and equity capital for Upstream oil and gas companies. The group consists of 40 professionals, including
engineers of various Upstream disciplines, providing the team with extensive petroleum industry experience. In addition Macquarie provides tailored commodity price risk management solutions to its energy customers.
Before dinner: 5-6.30pm Dinner: 6.30-7.30pm After dinner: 7.30-9pm Booking: www.katemcmillan.co.uk
; tel: 07736 070066; email@example.com
Cost: £34 for SPE/PESGB/EI members, £44 non-members, £19 unemployed members, £5 students booking by Friday 22 February (£19 after).
Rob Kuyper, of TAQA Bratani, is guest speaker at the SPE Aberdeen monthly meeting, on 27 February (6.00 for 6.30-8.30pm), at the Douglas Hotel.
In his presentation, ‘Cormorant East – UKCS record for oil field development: 85 days from discovery to first oil’, Rob will describe TAQA’s discovery of the Cormorant East oil field, in October 2012, by a well drilled from its North Cormorant platform, in the Northern North Sea. Cormorant East is located 3.5km north-east of North Cormorant.
The route from mapping the prospect to drilling and production required a strong co-operation between TAQA and DECC. The presentation will share DECC’s support with respect to field determination and corresponding tax treatment, which allowed the drilling to become commercially attractive. It will also discuss how the record time from discovery to new-field status was achieved.
Rob Kuyper is Development Manager at TAQA Bratani. Rob joined the company in 2008, during the acquisition of a large portfolio of mature oil fields from Shell which established TAQA as a new E&P operator in the UK. During 2009 and 2010, Rob led the Subsurface and Wells department to break the production decline and increase production from the mature fields. He became Development Manager in 2011. Prior to joining TAQA, Rob worked for Shell in various roles in Syria, Norway, UK and The Netherlands. His background is in Reservoir Engineering and Development Planning and he holds a PhD with Honours in Applied Physics from Delft University of Technology.
TAQA Bratani Limited – wholly-owned by the Abu Dhabi National Energy Company PSJC (TAQA) – was incorporated in 2006 and is an Aberdeen-based E&P company working in the UKCS. In 2008 TAQA Bratani acquired a portfolio of mature oil fields in the Northern North Sea, previously operated by Shell, in the biggest UK E&P acquisition to date. In 2012, TAQA Bratani added a portfolio of fields in the Central North Sea, previously owned by BP.
Bookings for Aberdeen meetings: www.rodgerandco.com
; tel: 01224 495051; firstname.lastname@example.org
. Further information at: www.spe-uk.org
• Technical presentations are nowinvited for SPE Aberdeen’s 2013/14 monthly dinner meetings programme. If you have a presentation which may interest your colleagues, the SPE Aberdeen Programme Committee would welcome a short summary – please submit to jane.ro
, tel: 01224 495051.
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