Agenda

Production and operational excellence are crucial in maintaining a reliable, low-cost, and sustainable framework in the oil and gas ecosystem. Achieving excellence is a never-ending organisational journey, and an essential strategy to sustain growth while staying ahead in this era of new normal.

As the oil and gas industry sees more of its existing oilfields maturing, growing demand must be met in other ways, often in hostile and remote locations. Subsea installations, for example, present a variety of challenges including water pressure, temperature, access for service, and the cost of deploying vessels for installation and service. In existing fields, mature assets with declining production require well-planned maintenance schedules to keep production profitable.

Combining production operations, maintenance, and quality measurements are critical in achieving excellence. This session will explore some of the best practices, elaborating on reliable production and operation philosophy that can be replicated not just for brown mature fields, but for future green field developments as well. Continuous rise in operational complexity, costs, and risks combined, makes operational efficiency more important than ever. This session will discuss the following key areas of interest:

• On-demand production optimisation
• Maintaining uptime for rotating and static equipment
• Operational philosophy for remote platform management
• Defining key performance indicators (KPIs) for production and operational excellence
• Integration between surface and subsurface technical information for end-to-end value optimisation

Production and operational excellence are crucial in maintaining a reliable, low-cost, and sustainable framework in the oil and gas ecosystem. Achieving excellence is a never-ending organisational journey, and an essential strategy to sustain growth while staying ahead in this era of new normal.

As the oil and gas industry sees more of its existing oilfields maturing, growing demand must be met in other ways, often in hostile and remote locations. Subsea installations, for example, present a variety of challenges including water pressure, temperature, access for service, and the cost of deploying vessels for installation and service. In existing fields, mature assets with declining production require well-planned maintenance schedules to keep production profitable.

Combining production operations, maintenance, and quality measurements are critical in achieving excellence. This session will explore some of the best practices, elaborating on reliable production and operation philosophy that can be replicated not just for brown mature fields, but for future green field developments as well. Continuous rise in operational complexity, costs, and risks combined, makes operational efficiency more important than ever. This session will discuss the following key areas of interest:

• On-demand production optimisation
• Maintaining uptime for rotating and static equipment
• Operational philosophy for remote platform management
• Defining key performance indicators (KPIs) for production and operational excellence
• Integration between surface and subsurface technical information for end-to-end value optimisation

Continuous resources growth and maturation are imperative in sustaining production and depleting reserves. New discoveries will continue to be the growth engine in any oil and gas company. However, gone are the “easy” oil and gas discoveries as we continue to encounter more challenging landscapes, and material discoveries have become scarce with higher unit development costs to monetise fields. Even with existing contingent resources, companies are finding it difficult to monetise and ensure profitable return from investment due to smaller volume and generally higher cost. Exploration and production (E&P) operators are scrambling to refocus on smaller developments where they see potential to reduce costs to a lower break-even level in the current price environment.

There is a delicate balance in the strategy of focusing on frontier areas for discovery, and monetising existing resources with lower margins to support the reserves base. Production attainment is achieved by minimising downtime, maintaining equipment performance at a desirable level, and continuous monitoring of well performance with immediate intervention and optimisation to avoid the loss of barrels throughout operating life. This session will provide the overall perspective from reserves to production, and how to sustain and ensure the survival of companies in this volatile market environment.

This session will discuss the following key areas of interest:

• Defining a healthy portfolio for resources and reserves growth
• Material discoveries through technical excellence
• Adding more values to production enhancement activities
• Market analysis and demand for gas resources
• Integrated/cluster project development for marginal resource monetisation

Continuous resources growth and maturation are imperative in sustaining production and depleting reserves. New discoveries will continue to be the growth engine in any oil and gas company. However, gone are the “easy” oil and gas discoveries as we continue to encounter more challenging landscapes, and material discoveries have become scarce with higher unit development costs to monetise fields. Even with existing contingent resources, companies are finding it difficult to monetise and ensure profitable return from investment due to smaller volume and generally higher cost. Exploration and production (E&P) operators are scrambling to refocus on smaller developments where they see potential to reduce costs to a lower break-even level in the current price environment.

There is a delicate balance in the strategy of focusing on frontier areas for discovery, and monetising existing resources with lower margins to support the reserves base. Production attainment is achieved by minimising downtime, maintaining equipment performance at a desirable level, and continuous monitoring of well performance with immediate intervention and optimisation to avoid the loss of barrels throughout operating life. This session will provide the overall perspective from reserves to production, and how to sustain and ensure the survival of companies in this volatile market environment.

This session will discuss the following key areas of interest:

• Defining a healthy portfolio for resources and reserves growth
• Material discoveries through technical excellence
• Adding more values to production enhancement activities
• Market analysis and demand for gas resources
• Integrated/cluster project development for marginal resource monetisation

In today’s volatile environment, many companies are facing enormous challenges to bring new lease of life for matured fields. However, new discoveries are few and far between, hence more focus is put into brown fields to maximise production. With new technologies enabling companies to analyse data like never before, it is proven that some fields can produce more hydrocarbon than the initial estimation. Efforts such as recovery factor improvement initiatives have enabled asset owners to revisit these brown assets which may possess further locked-in potentials for resource growth.

Furthermore, these matured fields can be reinvented to be the central hub for future tie-in of marginal fields, resulting in a more holistic resource maturation to safeguard the value of these assets. This session will focus on key areas mentioned above, and provide insights into technological or operational applications that can help matured fields to be commercially viable as part of the base value for upstream assets. This session will discuss the following key areas of interest:

• Advanced data acquisition to enable assets to discover more potentials from existing wells
• Recovery factor improvement initiatives
• Brown field rejuvenation – what can be done differently
• Cost reduction/optimisation for brown field operations

In today’s volatile environment, many companies are facing enormous challenges to bring new lease of life for matured fields. However, new discoveries are few and far between, hence more focus is put into brown fields to maximise production. With new technologies enabling companies to analyse data like never before, it is proven that some fields can produce more hydrocarbon than the initial estimation. Efforts such as recovery factor improvement initiatives have enabled asset owners to revisit these brown assets which may possess further locked-in potentials for resource growth.

Furthermore, these matured fields can be reinvented to be the central hub for future tie-in of marginal fields, resulting in a more holistic resource maturation to safeguard the value of these assets. This session will focus on key areas mentioned above, and provide insights into technological or operational applications that can help matured fields to be commercially viable as part of the base value for upstream assets. This session will discuss the following key areas of interest:

• Advanced data acquisition to enable assets to discover more potentials from existing wells
• Recovery factor improvement initiatives
• Brown field rejuvenation – what can be done differently
• Cost reduction/optimisation for brown field operations

Volatile oil and gas market affects the industry and consumers alike, but producers are amongst those most impacted. There is a significant need for cost containment and efficiency, not only in the short-term, but for the future. System automation and operational digitalisation have become the new mantra amongst industry players. Capitalising on the Internet of Things (IoT), employees can access multiple sites remotely and view contextualised data to support the decision-making process. This helps to minimise operational downtime with predictive and preventive maintenance. Additionally, these technologies help the team to respond faster to an unexpected problem, increase the ability to accurately and quickly diagnose the issue, and deploy the correct parts and personnel to the production site.

As circumstances change, digital technologies support the industry in finding new ways to meet the market demand. Cloud, mobility, and analytics offer the flexibility and real-time production information to help operators respond appropriately to dynamic market conditions and make better business decisions remotely. This session will share the application of innovative technological solutions in production and operation to support oil and gas operations. Key areas of interest are:

• Automation in production and operation
• Integrated network modelling with live data feed for on-demand production optimisation
• Digital platforms for knowledge sharing and result-driven activities
• Big data analytics and prediction tools for surface and subsurface

Volatile oil and gas market affects the industry and consumers alike, but producers are amongst those most impacted. There is a significant need for cost containment and efficiency, not only in the short-term, but for the future. System automation and operational digitalisation have become the new mantra amongst industry players. Capitalising on the Internet of Things (IoT), employees can access multiple sites remotely and view contextualised data to support the decision-making process. This helps to minimise operational downtime with predictive and preventive maintenance. Additionally, these technologies help the team to respond faster to an unexpected problem, increase the ability to accurately and quickly diagnose the issue, and deploy the correct parts and personnel to the production site.

As circumstances change, digital technologies support the industry in finding new ways to meet the market demand. Cloud, mobility, and analytics offer the flexibility and real-time production information to help operators respond appropriately to dynamic market conditions and make better business decisions remotely. This session will share the application of innovative technological solutions in production and operation to support oil and gas operations. Key areas of interest are:

• Automation in production and operation
• Integrated network modelling with live data feed for on-demand production optimisation
• Digital platforms for knowledge sharing and result-driven activities
• Big data analytics and prediction tools for surface and subsurface

With the COVID-19 pandemic accelerating the need for change towards a greener energy source, oil and gas companies must now heed the call and re-calibrate the modus operandi, as well as diversify their natural resources and portfolios to explore renewable energy. With all the major oil, gas, and energy companies focusing on low carbon operation, there is a greater emphasis now on a more sustainable and cleaner hydrocarbon production, by aiming for a smaller or even zero carbon footprint. Additionally, with more stringent regulations by host countries to ensure full compliance to net-zero carbon aspirations, companies are now implementing innovative ways and approaches to address this, while safeguarding the value of upstream assets.

This session will discuss the implementation of low carbon operations in upstream assets, to ensure the future of upstream assets remains sustainable and continue to be the core energy source in the near term. Key discussion areas may include:

• Technologies to enable non-hydrocarbon monetisation
• Zero flare/venting philosophy
• Carbon capture technologies
• Renewable energy to compliment fossil fuel production and operation
• Commercial arrangement to further advocate low carbon, such as the introduction of carbon tax