Monday 18 May 2015
The May newsletter that has been sent recently contains an erroneous date for the June BBQ event: please find a print friendly version (with the correct date) in the Newsletter archive.
Thursday 29 January 2015
Please remember to pay your 2015 membership dues! Payment details are in the newsletter or can be found here. Thank you!
lecture · dinner · drinks
Monday 8 June 2015 17:00 - 22:00
Organiser: PGK and SPE
Lecturer: Marc Smit (SGS) and Oscar Abbink (IHS)
17:00 - 18:00 Social hour
18:00 - 19:30 Lectures
19:30 - 22:00 BBQ at the beach
Registration and fees
Please Click HERE to register for the joint PGK/SPE meeting on Monday, 8th of June 2015 in Carlton Beach Hotel (address below).
Members € 35 Non-members € 45 Students: € 20
Please register before Friday 5 June 12:00
Abstracts & Bios
Lecture 1 Marc Smit
Changing E&P activities in a low oil price environment
With the unexpected lower oil prices a significant number of oil and gas companies became distressed and are desperately trying to survive by cost cutting and other measures. At the same time there is a significant number of companies with a healthy financial situation, which even have significant war chests available to acquire companies and assets at relatively low transaction prices.
The impact on exploration, development, production and acquisition activities are, next to the companies financial situation, also dependent on the longer term oil and gas prices. These prices have however been proven difficult to predict, different companies take a different view, and are therefore taking different courses of action. Furthermore acquisition activity is currently low due to the gap between buyers and sellers price expectations. The oil price recovery since the beginning of this year is expected to narrow the gap, but on the other hand the oil price could drop further which would widen the gap. Both oil price scenarios, and its impact, will be explored.
Marc Smit, Head of Acquisition & Divestment Services, SGS Horizon
Marc Smit holds an MSc in theoretical physics and mathematics from Leiden University. He also holds an MBA. Since 1993 Marc worked for Shell for twelve years in the UK, the Netherlands, Syria and New Zealand, in reservoir engineering, project management and commercial roles. Thereafter Marc joined the SHV Group for seven years in the position of Business Development Manager in Dyas, a privately owned oil and gas company. In this role he was responsible for numerous acquisitions and divestitures, hedging, sales, commercial asset management and economics. In 2011 he joined Sunrise Advisory as Managing Partner, focusing on acquisition and divestment of oil and gas property. After restructuring into the Xodus Group, Marc joined SGS in October 2014 as Head of Acquisition and Divestment Services, which includes Reserves Certification, License Application Support, and Governmental Support.
Lecture 2 Oscar Abbink
Upstream technology and innovation trends in a low oil price environment
With the oil and gas sector facing increasing financial and operational pressures, companies are looking closely at how best to align their technology strategies with evolving corporate priorities. All technology investments are coming under scrutiny, but those that can deliver near-term performance improvements and cost-effective enhanced capability appear to be finding the most welcome reception. We will take into consider this broader technology investment climate as we explore the following questions:
· How can companies most effectively continue to pursue longer-term, high-impact technologies in a more cost constrained environment?
· What role can technology and broader forms of innovation play in driving greater capital and operating efficiency?
· Will current conditions and actions taken today lead to longer-term industry structural changes?
Oscar Abbink, Director Upstream, IHS
Oscar Abbink is a Director in IHS Energy’s Upstream Research Group in which he looks at the strategic implications of new technologies in the Upstream sector. He helps lead the Upstream Technology and Innovation (UTAI) Service and contributes the upstream technology perspective to other IHS services. Prior to joining IHS, Dr. Abbink was with TNO, a Research and Technology organization, where he was responsible for the Subsurface Oil & Gas activities, with a small E&P Oil Field Service company as Managing Director, and with Logica (now CGI) Business Consulting as Industry Leader Oil & Gas. Dr. Abbink holds an MSc and an industry-sponsored PhD in Geosciences from Utrecht University (The Netherlands). His 20+ year background in the international Energy Sector includes work in nearly all areas of exploration and production and related domains.
LocationCarlton Beach Hotel
Friday 19 June 2015
Organiser: Mart Zijp & Renaud Bouroullec
Guide: Jeroen Schokker and Geert-Jan Vis
A visit to the beautiful landscape of North Holland, driving through the UNESCO World Heritage site of the 'Beemster'. We will have a look at Holocene beach ridge deposits and visit the Taqa Bergemeer gas storage site.
8:45 Departure Alkmaar train station
9:30 - 11:00 De Rijp
11:30 - 13:30 Akersloot-Dorregeest
14:00 - 16:00 Taqa Bergermeer Gas Storage
16:30 - 17:30 Beach visit + drinks
(Note: if the registration form does not work properly please contact the excursion secretaries directly using our contact page.)
Thursday 24 September 2015 - Sunday 27 September 2015
Guide: Dr. Kresten Anderskouv (DTU), Lars Stemmerik (DTU), Florian Smit (DTU)
Travel: Flight to Copenhagen on Thursday evening, flight back to the Netherlands Sunday late afternoon
More info and registration will follow!