SPE London Evening Programme: March

Tuesday, March 28, 2017, 5:00 PM - 8:45 PM (UTC) Dublin, Edinburgh, Lisbon, London

Dear members,
We would like to invite you and your colleagues to the March London Section evening meeting for lectures on M&A (GCA) and Drilling operations management (African Oilfield Solns).
This event will be held at Imperial College; Royal School of Mines, Prince Consort Road, London, SW7 2BP.
The Royal School of Mines is about 15 minutes’ walk from South Kensington tube station via Exhibition Road and Prince Consort Road.

Regards

Tim Lines
SPE London Section - Programme Chairman
Email: tim.lines@oilfieldinternational.com

Venue:  The event will be at the Department of Earth Science and Engineering, Imperial College London

Map: http://www.imperial.ac.uk/media/imperial-college/visit/public/Map-of-South-Kensington-Campus-%5Bpdf%5D.pdf

Directions : Please note the main entrance to the Department is via the Royal School of Mines Building on Prince Consort Road, between 10 and 12 on the campus map

Booking:  All booking must be paid in advance and online please.

Email
: katespe@aol.com

Cost £34 for SPE/PESGB/EI members, £44 non-members, £19 unemployed members. Non refundable £15 for students booking by Friday March 24 ( £19 after ) All tickets have an additional event brite fee.


BEFORE DINNER:

5.00 pm – 5.45 pm, Drilling Operations Management – “ Seeing The Wood For The Trees”, Dr Ken Seymour, African Oilfield Solutions
The management of drilling operations is dominated by logistics, procurement,  data capture, Non Productive Time (NPT) and Lost Time Accidents(LTA) which obscures the primary objective of safely constructing a pressure vessel in an active pressure environment.  It is proposed that to fully evaluate the major risk of a catastrophic wellbore failure that management must refocus on well engineering intelligent data capture through the creation of a daily as built drawing highlighting potential pressure barrier breaches. 
Ken Seymour studied with a Shell Scholarship at University of Leeds where he obtained a first class honours in degree in Mining Engineering and a PhD in Rock Mechanics. He commenced his career with BP in the late 1970’s as a Drilling Engineer. He spent two decades with Ranger Oil working in the North Sea, Pakistan and Angola. He obtained an MBA from the Aberdeen Universities in 1994. Since 2003 he has worked various assignments in Angola, Nigeria and Indonesia.
The economic extraction of oil and gas in Africa generates many commercial and technical  challenges. These are often complex problems with simple solutions. African Oilfield Solutions Ltd (AOSL) is a consultancy that helps companies find optimum pathways to the solution of these complex problems by delivering simple solutions. AOSL helps to create deals, drill wells, develop oil/gas fields and produce hydrocarbons in Africa and beyond.
 

AFTER DINNER: 7.15 pm - 8.45pm:

7.15 pm – 8.45 pm, Mergers and Acquisition - Where do the skeletons lie, Chris Rachwal, Gaffney Cline & Associates
What drives E&P companies into participating in the potentially quixotic practice of buying and selling assets, portfolios or companies?  Do we really know what vital ingredients to focus on?
In the current “buyer’s market”, how can one help ensure a package is sold, what are some of the common pitfalls?
If a buyer today, with so many choices, how does one avoid working 8 days a week?  Do I gather up every one of my top technical and commercial teams to make sure every blade of grass is screened?  Can I avoid “winner’s curse” of over paying; what happens next if I win?  
Chris Rachwal co-leads the M&A practice in GCA; he started out as a geoscientist with Gulf Oil/Chevron overseas in Africa, Colombia, PNG and NW Europe.  Chris joined GCAUK in the scary days of 1986 and has been involved in asset sales and buyer due diligence for over 25 years, involving assets/companies in Europe, FSU, Africa, Middle East, Latin America and Asia/Australia.  

Gaffney, Cline & Associates (GCA)
GCA is a technical and business consultancy in the oil, gas industry, founded by Peter Gaffney and Ben Cline in 1962 on the premise that there are practical ways of solving most energy problems and also helping clients to earn a dollar.  That ethos remains even though the founders have retired (well almost in Peter’s case) and GCA has been through its own M&A events in recent years.  GCA’s client base includes an immense diversity of companies, governments, ministries, financial and legal organizations concerned with the energy sector. 
On M&A, we have helped sell & buy many $Billions of assets for IOC’s and governments alike, but not on both sides of the fence at any one time!

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