Session Managers: Petter Eltvik and Roy Rusaa
At present, many fields on the UK, Norwegian and Danish Continental Shelf are seeing a rapid and continuing increase in drilling cost, which may jeopardise the profitability of smaller targets. Despite the declining oil production in many areas, large potential reserves and many business opportunities remain. Realising this potential requires both rethinking of conventional wisdom and new, smart investments.
With a basis in real field developments in the North Sea, this session will address issues relating to infield drilling, redevelopment and satellite development comparing subsea tie-backs and small wellhead platforms. Participants should be prepared for an open roundtable discussion of the strategies, cost, benefits, reservoir risks, and flexibility associated with alternative development options to extend the limit of profitability to the smallest drilling target.
Session Managers: Mike Horgan and Ali Shahbaz Sikandar
Building on from Session 1, the dynamics of opportunities change dramatically when ownership differs between the asset to be tied back and the host facility. No two opportunities or solutions are the same. Creating a winning solution for all parties requires high levels of interaction from all to achieve the right technical and commercial solution. Significant experience exists in the North Sea and we will explore further areas to create win-win scenarios for the various stakeholders involved who help to speed up investment, improve returns for all, and provide robust relationships for business to build on. Attendee participation will be required in an exercise which will highlight mutual exclusion and bias that can creep into such situations.
Session Managers: Rod Farquhar and Colin Morrison
It is said that beauty is in the eye of the beholder but it is all too easy for an operator to lose sight of the brownfield opportunities that exist in and around mature multi-platform complexes against a background of late-life challenges. Performance following a change in ownership is often noted to surpass expectations. Using case studies and facilitated discussion, this session will explore the approaches required to subsurface wells, facilities, and interfield utilities in order to turn around such assets. We will look at what can be learned about the way an aging asset is operated that would enhance its standing in an existing portfolio so that it could attract investment without a change in ownership.
Session Managers: Albert Isaj and Owen Vaughan
Between identifying opportunities and executing plans lies the critical step of making a good business decision. What might appear to be a simple process of calculating the economic indicator of choice for each option and choosing the top performers often becomes a much more complex process. Some projects are dependent on others, some are mutually exclusive, and uncertainty ranges may result in very different rankings when comparing projects at the lowside, mid, and highside cases. Often in brownfield developments, the quantifying and ranking step in the process is about creating a coherent story with mitigations and options. With that in mind, this session will look at the philosophy as much as the process, using examples from the first day as a basis for discussion.
Session Managers: Bulent Balci and Fazrie Wahid
“The best laid plans of mice and men often go astray” – Do they have to? Is it possible to create a perfect execution plan, especially when most companies are short on resources, people and experience? What about the challenge of incorporating local knowledge and expertise? How do we handle unexpected events and react to them in our execution of the plan?
This session will start with an FDP for the redevelopment of a brownfield. From this, teams of delegates will develop an evolving execution strategy to overcome challenges introduced throughout the exercise to mimic commonplace events. Teams will discuss their execution plans and be challenged by the NOC at each step before approval is given. Group facilitators will support the teams to expand the ideas already being developed and to handle new information coming in. The session will bring together the varied experience and expertise of the delegates to highlight issues around the successful implementation of brownfield projects.