Since 2014, most oil companies did cut into their discretionary exploration budget and despite the oil price strengthening, it is expected that capital spend will continue to be disciplined for the foreseeable future. 

A first workshop of this kind was held during the EAGE Conference in Paris in 2017, followed by a workshop at the Copenhagen EAGE Conference in 2018. In 2019, the London workshop will summarise the results achieved to date and explore how the ‘digital revolution’ may support faster exploration decision making from seismic to drilling.

Main Disciplines: Exploration, Geophysics, Geoscience, Drilling

Who should attend:

Explorationists, Geophysicists & Geoscientists, Drilling Engineers and Industry leadership and Commercial Representatives, with an interest in the evolution of the seismic market, trends in geoscience, exploration drilling operations preparation and execution and how industry can collaborate to reduce cycle time and cost from access/exploration to drilling/development. 

Workshop Programme:

Session 2: Industry Perspective: Collaborating to Accelerate Exploration and Drilling Decision Making – How to progress technology and R&D

The perspective for the keynote presentations is to inform industry on direction and also pose the question around how technology development is seen in the current market environment where the cost of ‘hardware’ R&D is difficult to justify by individual (seismic) companies and the trends remain asset light and digitally focused, while we have a need for ever denser, higher quality data interpreted faster to support exploration and drilling decisions. 

What collaboration between oil companies and the seismic industry should we envisage, what are the trends and how will this affect exploration and field development with a view to reduce cycle time and cost from access/exploration to drilling/development?

Session 3: Drilling Preparation and Operations Collaboration Panel 

We believe there exists some room of improvement in the conduct of the Industry exploration drilling operations to lower their societal and environmental footprint whilst improving their efficiency in order to gain more acceptance in the countries we operate. 

Operators and Service Companies involved in the preparation and execution of drilling operations should endeavor to identify and implement more efficient measures to reduce complexity and duplicity of such operations, and to collaborate to develop innovative technologies and approaches within strict respect of competition laws. 

Approach:

The objective of the panel is to share perspectives on potential areas of the drilling preparation and execution that could benefit from cross-industry collaboration.

Such areas may include, but are not be limited to mutualization of HSE means and data, standardization, relief well & capping solutions, logistic facilities, alignment in new technology development, and acceleration opportunities involving information sharing (drilling scout) and role of Artificial Intelligence.

Panel Format:

Session 4: Wrap-Up