Singapore Section

Recent Trends in Oil & Gas Project Performance

Independent Project Analysis (IPA) has been looking into how the global oil & gas projects are typically performing in recent years and the key challenges they face. This paper offers an examination of project performance, emphasizing the major factors and obstacles influencing the effective implementation of capital projects. At the same time, the ever-evolving and multifaceted world economy has experienced a surge in infrastructure development, technological advancements, sustainability related efforts, and innovation-driven initiatives in recent times. Nonetheless, the achieving favourable outcomes in capital projects remains a source of concern, given the various factors influencing their success. This study seeks to explore the various dimensions of project planning and its repercussions on project outcomes globally. Additionally, it delves into industry best practices aimed at mitigating the prevalence of unsatisfactory project results. SPEAKER : Manoj Prabhakar Company/Institution : Independent Project Analysis (IPA) Inc Education : PhD, MBA Bio : Manoj joined IPA in 2011 and currently serves as Director (Singapore), to look after clients in Asia. During his time at IPA, he has conducted over two hundred risk evaluations of Oil & Gas, petrochemical, power, renewable and construction projects in the Asia-Pacific region and globally for various clients, including national oil companies, super majors, and independents. Prior to IPA, Manoj performed six years of post-graduate academic research in the geological sciences and has performed a decade of technical consulting activities related to oil & gas industries with major international and national oil companies in the Asia-Australia region. Gathering around 6PM, delicious Italian food and networking Talk 6:45PM - 7:15PM Q&A and further networking till 8:30PM Cost (for registration in advance): Members $35 / Non-members $50 / Students-retired-unemployed $25 Please register through this website so we record your name and email address. We only receive payment by Paynow or bank transfer. IMPORTANT: You will need to make a payment in advance. Please pay by Paynow to WCW at 8337 4173. Remember to indicate your name in the reference. Official receipt will be sent to your email after the event. Payment at the door is $75 for everyone. See you soon! Please feel free to contact Arinta via WhatsApp or email for any questions or clarification. Contact details below.

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Lunch and Learn - Geothermal Power

Will Pettitt, PhD (he/him) Dr. Will Pettitt is the Global Discipline Lead for Geothermal Energy at Baker Hughes . Will helps position this international energy technology company as a market leader in the Energy Transition , helping develop and execute the organization’s vision for taking geothermal energy forward . Dr. Pettitt is a thought leader on develop ing and deploy ing the use of Earth’s heat . Before joining Baker Hughes , W ill was Executive Director of Geothermal Rising, the largest nonprofit professional and trade association for geothermal energy worldwide , and previously led geomechanics and microseismics consulting , software, and research companies . He p ublishes and speaks on a wide range of topics and participates in government and organizational committees. Dr. Pettitt is an applied geophysicist with a B.Sc. and a Ph.D. Geothermal Energy: New Markets and Technologies Geothermal technologies offer a clean, always-on, renewable energy source that can replace traditional forms of baseload and dispatchable electricity generation and provide direct heat for commercial and residential uses. Conventional hydrothermal heat and power has been a successful, yet niche, technology restricted in geographical area. Unconventional technologies offer the opportunity to scale to geothermal anywhere with Enhanced Geothermal Systems (EGS) expanding to widespread utility-size electricity generation and heat production , and Advanced Geothermal Systems (AGS) taking advantage of existing and under-utilized infrastructure. Lithium co-production from geothermal brines offers the exciting prospect of creating an entire clean-energy ecosystem around critical mineral recovery and battery production. In this presentation we will explore these new markets and technologies and look towards their future direction. Please register in advance by email to paulinasvoboda@gaffneycline.com. Slots are limited. You may also express your interest for a meeting with the speaker Monday 16 or Tuesday 17th of September 2024.

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CO2 Storage Resource Management System – Application and Learnings from World’s First Booking

Carbon capture, utilization, and storage (CCUS) is experiencing rapid growth and the ability to classify and compare projects across the globe is of increasing importance. The CO2 Storage Resources Management System (SRMS) has been designed to provide the common framework and is increasingly being applied across the industry. The SRMS has been seeded from the widely used Petroleum Resources Management System (PRMS), which makes it ideal for industry professionals familiar with the concepts of classification and categorization. The SRMS was applied to an onshore project by an Australian oil and gas company in 2021 and led to the world’s first public reporting of CO2 storage quantities under the SRMS classification system. Standard reserves workflows and systems were modified for CO2 evaluation and reporting, resulting in a streamlined processes throughout the organization. Multiple benefits were realized such as standardized evaluation and reporting, a unified language across the company, and enhanced formality in CCUS reporting. As more CCUS projects are proposed, a robust classification system has become vital to communicate consistent terminology, valuation methodologies, and reporting systems for identifying project status and differential between projects. The application of the SRMS is highly recommended for stakeholders, financiers, or regulatory bodies involved in the commercial development of a CCUS project. Biography: Paul Lyford is the Reserves and Resources Manager at Santos Ltd, an Australian oil and gas company and the first to add CO2 Storage resources to the annual reserves report. Paul has over 30 years experience and has been involved in many field developments across Australia. He has a background in reservoir engineering, operations, planning, strategy and commercial. He is a Fellow of the Institution of Engineers Australia, a member of Society of Petroleum Engineers (SPE) and member of Society of Petroleum Evaluation engineers (SPEE). Paul holds an honors degree and PhD in Engineering from University of Melbourne and post graduate qualifications in Finance. Paul is currently a member of the SPE CO2 Storage Resources Committee (CSRC) and involved with the SPE SRMS subcommittee charged with updating the SRMS. Gathering around 6PM, delicious Italian food and networking Talk 6:45PM - 7:15PM Q&A and further networking till 8:30PM Cost (for registration in advance): Members $35 / Non-members $50 / Students-retired-unemployed $25 Please register through this website so we record your name and email address. We only receive payment by Paynow or bank transfer. IMPORTANT: You will need to make a payment in advance. Please pay by Paynow to WCW at 8337 4173. Remember to indicate your name in the reference. Official receipt will be sent to your email after the event. Payment at the door is $75 for everyone. See you soon! Please feel free to contact us via WhatsApp or email for any questions or clarification. Contact details below. SPE Distinguished Lecturer: Paul Lyford , Reserves and Resources Manager at Santos Ltd

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End of Year Party

Collaborating with AEIN (Association of International Energy Negotiators), we will hold an End of Year Party jointly organized by the AIEN and SPE Singapore on Thursday, 12 December, 6 pm – 9 pm, at Dallas Restaurant and Bar (Level 3), 31 Boat Quay. This event is complimentary for SPE Singapore Chapter members, though pre-registration and verification against the membership list are necessary. Take this opportunity to network with fellow energy professionals, share insights, and grow your connections while enjoying year-end refreshments and light bites. Event Title: AIEN & SPE Year-End Social Event • Includes an opening presentation (information below) and a networking reception • The networking reception will have food and drinks available Opening Presentation: "Asia Pacific's E&P Sector: the Year Past and the Year Ahead" by Andrew Harwood • What were the key events and deals across Asia Pacific’s upstream sector in 2024? • How are the macro industry trends influencing strategies in Asia Pacific? • What to look out for in 2025 - where’s hot, and where’s not? Name: Andrew Hardwood Organization: Wood Mackenzie Title: Vice President, Corporate Research Bio: Andrew is responsible for Wood Mackenzie’s corporate coverage in Asia Pacific, providing analysis of the leading Asia-headquartered national and international oil companies. In addition to developing research content, providing insight and analysis, he advises clients on strategy and supports business development with key regional and global accounts. During more than 15 years with Wood Mackenzie, Andrew has also provided consulting support for clients on fiscal benchmarking, growth opportunity screening, portfolio valuation, infrastructure studies and industry advocacy. Based in Singapore since 2010, Andrew specializes in global upstream themes, corporate strategy for national and international oil companies, merger and acquisition trends, exploration performance and fiscal benchmarking. Non members may join with a fee (50$, 25$ for students)

Networking drinks - What does the energy transition actually mean for the Oil & Gas industry?

Networking gathering for Bez Hoxha's visit to Singapore. Bez Hoxha of CyberWorX Energy LLC breaks down the concept of energy transition, exploring its varying meanings and implications for different stakeholders (operators, service companies, governments, and the public) and discusses how the industry is shifting towards a more sustainable and environmentally conscious approach through technological, policy, and cultural changes. Meet at Penny Black on Wednesday 19th of February 6PM onwards in the terrace, the event is BYO drink.

Distinguished Lecture: No Longer A Sunk Cost: Innovation & Collaboration For Decommissioning Subsea

No Longer A Sunk Cost: Innovation & Collaboration For Decommissioning Subsea Infrastructure Andrew Robson Watt Woodside Energy Abstract: Decommissioning involves the timely, safe, and environmentally responsible removal, or satisfactorily dealing with, infrastructure from offshore oil and gas operations. With a significant number of aging subsea assets, it’s estimated the cost of decommissioning in Australia alone will exceed US$45 billion over the next 50 years. Not unlike a Rubik's cube, decommissioning can seem like an unsolvable puzzle. Many sides must work together to solve a complex problem with a multitude of variables including environmental impact, safety, timing, and cost. Many decommissioned materials cannot be re-used and are not easily recycled. Collaboration and innovation are vital to help us find the right combination of solutions to achieve the best outcomes. Universities play a crucial role in this process by providing access to cutting-edge research, knowledge, and resources. These collaborations can create an environment that fosters innovation, where academia and industry professionals can work together to share knowledge and expertise and explore new technologies and methodologies. This lecture highlights the subsea oil and gas infrastructure decommissioning challenges we face as an industry, showcases some innovative solutions, and explains how in today's rapidly changing world, innovation and collaboration are essential for achieving success. The key takeaway is that we must solve this puzzle together. By working collaboratively, we can create a more sustainable future, reduce costs, and achieve more efficient decommissioning. Like solving a Rubik's cube, cooperation, collaboration, and innovation require patience and persistence, but the rewards can be great, and our subsea infrastructure will no longer be a sunk cost. Biography: Andy Watt is an energy industry professional with over 26 years of experience in various technical roles across Australasia, North Africa, the Middle East, and Indonesia. He has expertise in land seismic operations, geophysics, reservoir engineering, forecasting, production optimization, technology, and innovation. Currently, Andy serves as the Innovation Advisor at Woodside Energy, Australia's largest oil and gas company. In this role, he collaborates with Australian universities and industries to develop and implement innovative technical solutions. Andy holds a Bachelor of Science (BSc) in Applied Physics and Microelectronics and is an active member of the Society of Petroleum Engineers (SPE). Gathering around 6PM, delicious Italian food and networking Talk 6:45PM - 7:15PM Q&A and further networking till 8:30PM Cost (for registration in advance): Members $35 / Non-members $50 / Students-retired-unemployed $25 Please register through this website so we record your name and email address. We only receive payment by Paynow or bank transfer. IMPORTANT: You will need to make a payment in advance. Please pay by Paynow to Nisim at 91688186. Remember to indicate your name in the reference. Official receipt will be sent to your email after the event. Payment at the door is $75 for everyone. See you soon! Please feel free to contact us via WhatsApp or email for any questions or clarification.

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What does the energy transition actually mean for the Oil & Gas industry ?

Abstract: What does energy transition mean? What are we transitioning to? How and when will we get there? In hindsight, the energy transition movement means different things to different entities. To operators, the primary focus is to transform their business (influenced by regulations and legislative policies) by reducing their carbon emissions while also investing in cleaner low-carbon energy sources, such as geothermal and hydrogen. For service companies, it is another potential revenue stream by offering products and services oil and gas operators, as well as renewable power generation companies. For governments, it is defined as an essential need for energy diversification in order to achieve sustainable, self-sufficient solutions that are less impacted by socio-economic or geo-political factors, i.e., energy security. It is important to note that the ‘public’ understand that what is driving this paradigm shift: technology, policy, and cultural change. The energy transition concept will be broken down as a current ‘buzzword’ and popular concept that is fettered by technology hype, political agendas, and/or financial influences that are attached to the term. Finally, light will be shined on how the industry's previous institutional mindset has changed to a broad, open-minded desire to create a net-postive outcome using Environmental, Social, and Governance techniques. Biography: Bez is Vice President of Energy Security in Government Contracts for CyberWorX Energy, focused on national security intelligence and strategic consulting for implementing energy technology. Bez has 15 years of experience in the energy sector – from hydrocarbons to renewables. Previously, Bez has worked as a consultant, energy technologist, and strategist for market research firms, service companies, and oil/gas operators. Additionally, Bez has experience as a Sr. Researcher in academia (over 50 publications, 4 patents, 1 book). Bez is active in SPE as a committee member for ATCE and ADIPEC. Bez has a master’s degree in petroleum engineering and a PhD Candidate in Management in Energy Sustainability. SPE Singapore - What does the energy transition actually mean for the Oil & Gas industry ? Link: https://meet.google.com/ryq-haej-wac

What does the energy transition actually mean for the Oil & Gas industry ?

Abstract: What does energy transition mean? What are we transitioning to? How and when will we get there? In hindsight, the energy transition movement means different things to different entities. To operators, the primary focus is to transform their business (influenced by regulations and legislative policies) by reducing their carbon emissions while also investing in cleaner low-carbon energy sources, such as geothermal and hydrogen. For service companies, it is another potential revenue stream by offering products and services oil and gas operators, as well as renewable power generation companies. For governments, it is defined as an essential need for energy diversification in order to achieve sustainable, self-sufficient solutions that are less impacted by socio-economic or geo-political factors, i.e., energy security. It is important to note that the ‘public’ understand that what is driving this paradigm shift: technology, policy, and cultural change. The energy transition concept will be broken down as a current ‘buzzword’ and popular concept that is fettered by technology hype, political agendas, and/or financial influences that are attached to the term. Finally, light will be shined on how the industry's previous institutional mindset has changed to a broad, open-minded desire to create a net-postive outcome using Environmental, Social, and Governance techniques. Biography: Bez is Vice President of Energy Security in Government Contracts for CyberWorX Energy, focused on national security intelligence and strategic consulting for implementing energy technology. Bez has 15 years of experience in the energy sector – from hydrocarbons to renewables. Previously, Bez has worked as a consultant, energy technologist, and strategist for market research firms, service companies, and oil/gas operators. Additionally, Bez has experience as a Sr. Researcher in academia (over 50 publications, 4 patents, 1 book). Bez is active in SPE as a committee member for ATCE and ADIPEC. Bez has a master’s degree in petroleum engineering and a PhD Candidate in Management in Energy Sustainability.

Distinguished Lecture: Economic Surprises of Late-Life Production

Economic Surprises of Late-Life Production Dwayne Purvis, P.E. Purvis Energy Advisors Abstract: For years, decommissioning costs were an after-thought to decision-making. They did not affect cash flows or business plans, and sometimes reserve reports did not even include them. Now, many legacy fields both within the U.S. and globally are declining to their final life stage. Even with many producing years remaining and a positive net present value, the total future cash flow can be – surprisingly – negative. Operators may not be ready for the unexpected reality since our industry has spent too little forethought on quantifying the scope of decommissioning, estimating its costs, ensuring security for the long term, and especially preparing funds for the surprisingly early onset of those costs. Though the price boom of recent decades delayed and distracted from the inevitable, natural depletion and the outlook for declining oil demand bring the issue to front. Now the industry finds itself with insufficient nomenclature, knowledge, or practices to handle decommissioning well. This presentation explains the unexpected late-life economic dynamics, the dangers they create, and how to foresee and avoid financial and environmental traps. Biography: Dwayne Purvis, P.E. has spent nearly 30 years in reservoir engineering and executive leadership as a consultant and operator. He has led or participated in hundreds of engineering and strategic studies over dozens of basins in the United States and abroad. Mr. Purvis leads Purvis Energy Advisors, and he frequently teaches, speaks, and writes for industry organizations and for Texas Christian University. Dwayne is a registered professional engineer in the state of Texas, member of SPEE, AAPG, SEG, SIPES and an active, 25-year member of SPE. He has also recently completed a Master of Arts in sustainable energy at Johns Hopkins University. Gathering around 6PM, delicious Italian food and networking Talk 6:45PM - 7:15PM Q&A and further networking till 8:30PM Cost (for registration in advance): Members $35 / Non-members $50 / Students-retired-unemployed $25 Please register through this website so we record your name and email address. We only receive payment by Paynow or bank transfer. IMPORTANT: You will need to make a payment in advance. Please pay by Paynow to Nisim at 91688186. Remember to indicate your name in the reference. Official receipt will be sent to your email after the event. Payment at the door is $75 for everyone. See you soon! Please feel free to contact us via WhatsApp or email for any questions or clarification.

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Top-Down Methane Emissions Detection and Quantification Methods for Oil and Gas Facilities

Abstract: Methane emissions from oil and gas facilities are a significant contributor to climate change and need to be accurately assessed to manage reductions and to meet sustainability goals and reporting requirements. Multiple approaches exist to address the challenge of quantifying methane emissions, from traditional “bottoms-up” leak detection to new technologies remotely measuring emissions “top-down” using satellites, aircraft, drones, and fixed devices. Each method has different capabilities and limitations, and selecting appropriate solutions for a particular situation can be a challenging task. This presentation will provide an overview of the options available, with a focus on top-down measurements. One technique that is emerging as a versatile and efficient approach across varied operating environments is the use of drones equipped with highly sensitive methane sensors that directly measure methane plumes. The presentation will explore this use of drones in more detail for onshore, offshore, and LNG facilities. Regional case studies will be used to illustrate the applications and consideration given to implementation in Singapore. Dave Turner bio Dave Turner is Asia Pacific Region Director for SeekOps, based in Kuala Lumpur, Malaysia. Dave started his oil and gas career as a wireline engineer after completing his mechanical engineering degree and worked in the field for five years in locations across the Middle East. He then held various operations, sales, and technical management positions in upstream service product lines in Vietnam, Malaysia, and Angola. Returning to Malaysia, Dave specialised in conveyance risk management before entering the methane emissions detection field at SeekOps. Dave is a UK Chartered Mechanical Engineer and holds an engineering degree from the University of Wales, Cardiff, and an MBA from Imperial College London. Gathering around 6PM, delicious Italian food and networking Talk 6:45PM - 7:15PM Q&A and further networking till 8:30PM Cost (for registration in advance): Members $35 / Non-members $50 / Students-retired-unemployed $25 Please register through this website so we record your name and email address. We only receive payment by Paynow or bank transfer. IMPORTANT: You will need to make a payment in advance. Please pay by Paynow to Nisim at 91688186. Remember to indicate your name in the reference. Official receipt will be sent to your email after the event. Payment at the door is $75 for everyone. See you soon! Please feel free to contact us via WhatsApp or email for any questions or clarification.

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