Agenda

Australian coal seam gas (CSG) plays have successfully matured, and consistently deliver LNG worldwide.  However, opportunities to further develop additional Australian resources still exist, though primarily in low-permeability coal and shale reservoirs. Throughout the Asia-Pacific region similar reservoir types will require technologies and strategies common to what are found in Australia and that knowledge will be of value to those future developments. The purpose of this panel is to discuss both the location and development stage of low permeability reservoirs in the Asian-Pacific region but key to that is knowing how to determine their value and quantify their level of risk.

 Success or failure of low permeability CSG and shale projects are dependent on addressing key technical, project management, political, and community issues relative to each play. The Australian (for CSG) and North American (for shale) experience has shown that unconventional resources cannot be exploited by small incremental projects nor through application of unproven technology. These are big hurdles to overcome and what this panel should aim for is identification of plays in the Asian-Pacific arena where projects with these constraints are possible. Finally, an objective of the panel is to discuss the difficulty in estimating reserves and resources in unconventional plays that may lie within the Asian-Pacific region. Specifically, reflecting on the pre-2011 PRMS Guidelines, the successes and failures post-2011 PRMS Guidelines, and some thoughts on how the 2018 PRMS updates will shape the assessment of future plays including exploring views on the applicability of PRMS to Australian unconventional resources in particular.

As the world recovers from the global pandemic, it is apparent that life will never quite be the same. These changes also apply to the world of energy, now and into the future. This panel session focuses on the “Energy Mix of the Future”:

What is the most likely future mix of energy sources and what does “energy mix” really mean?

 This panel will consider these questions and others and provide insight in the energy mix of the future. Strategies on how to maintain licenses to operate for future endeavours, while defining reasonable goals and technical targets, will also be discussed.

As the world progress towards greener and more efficient energy, the Social License to Operate (SLO) has becomes an increasingly heard term; gaining keen interest especially in the context of mining, oil and gas development, and other resource-related projects. Over the years, as it gains prominence of social media and Indigenous engagements, governments, journalist, and public administration, many has become interested in the topic and realised that it is no longer a concept or discussion that can be ignored.

In this era of world dominated by social media coupled with diminishing conventional resources and the long journey in renewable energy, the unconventional resources once seen as the main source of environmental upset is becoming the attention of the business to explore and develop. This topic has gone through an emotional journey of debate and more often than not, the portrayal on horizontal drilling activities and hydraulic fracturing by the social media creates angst as it tends to encroach into the urban development areas.

Topics of discussion may include:

Future oil and gas production forecasts are used for estimating remaining reserves, optimizing production operations as well as asset planning. Numerous methods to predict future production are utilized in the industry, including traditional DCA to newly introduced statistical methods. Yet, no prediction is infallible and continual revisions to the EUR expectations occur, sometimes with serious consequences such as associated write-downs.

 This discussion intends to address the accuracy of our forecasting methods, the current trends, and the impacts of the EUR expectations to operations and transactions.  The questions raised during the session include: