Agenda

Environment, social and governance, is a term that has gained prominence over recent years and investors, operators and local governments are placing increasing expectations on Industry in this area. ESG can be considered to describe how an organisation ensures a sustainable, responsible and ethical approach to business, However, what does ESG mean for the oil and gas industry? This panel discussion will explore how our industry is managing its approach to ESG and some of the strategies being implemented across the industry.

The energy industry is on the cusp of a major transformation. Digitally transforming every aspect of energy operation is a top priority for most companies. While there are many technology solutions in the market, digital transformation programs require partners with the right people, the right skills, and the right ecosystems. Moving the energy industry to the next level of operational excellence, it is time to take a more proactive approach with collaboration  in areas of digital tools that impact well performance optimisation. Technology can revolutionise how we utilise digital tools to optimise the well operations, and how we detect and react to the low carbon emission opportunities. This session explores the ways in which an example of digital innovation that the industry needs in order to run assets more efficiently aiming towards the low carbon emissions for today and tomorrow.

Oil and gas production will persist, into the near future, but with the energy transition from a carbon-based economy to a minerals-based economy, it is certain that wells and well technologies to access subsurface formations will still be required. 

Both conventional geothermal and enhanced geothermal resources require cost effective but complex wells. The use of carbon capture, and underground storage (CCUS) requires not only wells but also completion and metallurgical advances. Underground storage wells for hydrogen, gas storage, compressed air energy systems encounter both geological and well challenges when a gas such as hydrogen is introduced. 

With the change of fluids and gasses being used, well technologies such as casing and completion metallurgy, cementing techniques to ensure well integrity. Underground storage and enhanced geothermal wells will require new understandings in reservoirs and subsurface formations. Petroleum engineering techniques can aid deeper mineral extraction, as near surface resources become hard to recover. Oil and gas drilling took over a century to evolve from salt mining methods, but the energy transition may require exploration and extraction of mineral rich fluids to succeed in a much shorter period. 

Operators have already encountered challenges in the development of carbon capture and underground storage projects, enhanced geothermal projects considered around the world but cost-effective development of deep geothermal resources remains a challenge. In this session we present some of these technology challenges that are being faced today in the energy transition.