RESPONDING TO PRESSURE
NCS EXPLORATION STRATEGY 2020
NOV 18-19 2020 // NCS-STRATEGY.NO
NOV 18-19 2020 // NCS-EXPLORATION.NO
What are the oil companies exploration plans and strategies for 2021? How do the companies look at infraled exploration vs. frontier exploration?
Authorities, oil companies, service companies and consulting companies. Financial advisors, explorationists, business developers and energy experts.
To provide a broader insight into short- and long term exploration on the NCS and how companies build their portfolios in order to maximize reserves, and position their companies to respond to the fluctuating oil price and outside pressure.
RESPONING TO PRESSURE
Volatile oil prices, low discovery rates and the corona virus pandemic have together increased the pressure on the exploration community. However, oil prices are on the rise and Norwegian tax changes will be a boost. The oil & gas industry have adapted, and out of the “ashes” new trends and opportunities emerge.
Innovation in Exploration
The need for energy will continue to grow, as oil and gas remains a dominant part of the energy mix in the next decades. In order to support the transition to cleaner energy, finding the remaining resources on the NCS is therefore critical. But what does it take to succeed? Contributions from the exploration community include identification of new play concepts, improved de-risking and a commercial mindset in the early stages of exploration.
Focus on Sustainability
Increased pressure from both society and investors is forcing companies to develop exploration strategies with rigid carbon emission goals and a clean environmental profile. For small companies it is a challenge to adopt and implement such strategies to compete for equity against the larger energy-companies. Innovation usually comes from smaller companies, where new ideas are allowed to prosper. But the diversity of companies on the NCS is under threat. How can we ensure the diversity of companies exploring the NCS going forward?
New Ways of Working
Technology, digitalization and more recently, the pandemic, are all reshaping how explorationists work. A renewed focus on cost-savings and a shift towards ILX are also reshaping organizations, as more companies merge their reservoir and exploration groups, and has led to increased cooperation within licenses. What have we learned, and how can it improve exploration success?
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Program - TBA
Ingrid Sølvberg, Director General at NPD
Roy Davies, VP Exploration at Wintershall Dea Norge
Morten Sola, Head of G&G at Horisont Energi
Lars Hübert, Exploration Manager & CEO at Lime Petroleum
Greg Rock, Head of Exploration & Appraisal at OMV
TBA, Lundin Energy
Nigel Marsh, Subsurface Director at INEOS
Marianne Bruvoll, Exploration Manager at Spirit Energy
Denis Palermo, VP Exploration at Vår Energi
Tore Løseth, Executive Vice President at Equinor
TBA, Aker BP