SPE London Evening Programme meeting 31st October 2017

Tuesday, October 31, 2017, 5:00 PM - 8:30 PM GMT

Dear members,

We would like to invite you and your colleagues to the October London Section evening meeting for lectures on how the HSE regulates onshore shale wells, and the 2017 update to the SPE Petroleum Resource Management System (PRMS).

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.

Please, read more about the agenda, the talk content, and the booking information below.

Regards

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

Agenda:

Time Talk and Speaker
5.00 pm  -
6.15 pm
Time:           5.00 pm – 6.15 pm
Talk1:     Health and safety regulation for onshore oil and (shale) gas wells, Tony Almond, Energy Division: Policy Regulation Directorate, Health and Safety Executive
Read more >
6.15 pm -
7.00 pm
DRINKS AND NETWORKING BUFFET
7.00pm -
8.30 pm
Time:           7.00 pm – 7.45 pm
Talk2:  SPE PRMS 2017   - Top 10 misunderstandings and errors?
, Ed Jankowski, MD, RPS Energy

Time:         
  7.45 pm – 8.30 pm
Talk3:   
Draft SPE PRMS 2017 – fit for public resource reporting? Bob Harrison, SPE Oil and Gas Reserves Committee; and Project Director, LR
Read more >



Venue
:  The event will be held 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 October 27 ( £19 after ) All tickets have an additional Eventbrite fee.

BEFORE DINNER:

5.00 pm – 6.15 pm, Health and safety regulation for onshore oil and (shale) gas wells, Tony Almond, Energy Division: Policy Regulation Directorate, Health and Safety Executive

Tony will discuss:

*  How HSE regulates the onshore oil and gas industry,
*  How HSE, the Environment Agency and Local Authorities work together,
*  The role of the independent well examiner – self regulation or quality control?

Tony’s bio:

*  Covered onshore oil and gas policy at HSE for 4 years,
*  Spoken at more than 100 public events on shale gas in Lancs, Yorks, East Mids, and the Weald,
*  Worked for HSE for 12 years in a number of policy roles,
*  Played rugby for Saracens for 3 years (in my youth)!

The Energy Division:

*  Covers regulation of offshore oil and gas; mines and quarries; onshore gas and pipelines networks and onshore gas and oil exploration and production.
*  Formed in 2013 by amalgamating Mines and Quarries, and Offshore Safety Division.
* Is made up of specialist inspectors who have a wealth of experience working in the industries they regulate and as health and safety professionals,
*  Focus is the effective regulation of major hazard industries whose products are essential to our everyday life, but where failures in safe management and risk control can lead to catastrophic harm to workers and the public at large.

AFTER DINNER: 
7.00 pm – 7.45 pm, SPE PRMS 2017 – Top 10 misunderstandings and errors?, Ed Jankowski, MD, RPS Energy

The Petroleum Resource Management System (PRMS) is used widely as the global standard for evaluating oil and gas assets and portfolios. The system provides guidance to E&P companies, auditors and investors on the categorisation of all resources. However, the system is not wholly prescriptive and leaves much to the reasonable judgement of the reporting entity. Additionally, the vagueness of many of the definitions gives rise to many misunderstanding and errors. This presentation highlights a number of examples of these misunderstandings and errors looking to the Draft PRMS-2017 for new clarification and definition.

Ed is Managing Director of RPS Energy and an authority on the valuation of exploration and production assets and portfolios. He gained a PhD in geophysics at Cambridge in 1981, worked for BP, LASMO and Yukos before joining RPS in 2005. Ed is an Honorary Fellow of Aberdeen University where he teaches Portfolio Valuation on the Oil and Gas Enterprise Management master’s programme. He also teaches a similar course at Imperial College to the Petroleum Engineering masters students.

RPS was founded in 1970 and since grown into one of the leading global consultancies. RPS is a multi-disciplinary built and natural environment and natural resources consultancy which employs over 5,400 consultants in more than 100 locations worldwide. RPS is listed on the London Stock Exchange and has a market capitalisation of over £650million. RPS Energy is a subsidiary of the RPS Group and employs over 400 consultants worldwide. It is an independent provider of high quality technical, commercial and operational advice and support to the oil and gas sector across the whole value chain (upstream – midstream – downstream).


7.45 pm - 8.30 pm, Draft SPE PRMS 2017 – fit for public resource reporting? Bob Harrison, SPE Oil and Gas Reserves Committee; and Project Director, LR

The Petroleum Resource Management System (PRMS) was written as a guideline for in-house management by E&P companies of their asset portfolios.  Being principles-based, rather than rules-based, its flexibility, subjective language, and loose definitions makes PRMS a poor tool for resource auditing. The proposed draft PRMS 2017 fails to address this vagueness and lack of transparency, and appears to take a step backwards. The OGRC is reluctant to acknowledge that more prescription is needed for PRMS to be used with confidence when reporting in the financial and governmental sectors; a role it was not originally intended for.

Bob is project director and subsurface technical authority with LR. He gained a MSc in Petroleum Engineering at Imperial College London in 1982, worked for UK independents, British Gas and Enterprise Oil, before becoming a globetrotting freelance consultant.  He is a certified Competent Person, past chairman of the SPEE Europe Chapter, former member of the SPE Oil and Gas Reserves Committee (OGRC), and a Fellow of the Energy Institute.

Lloyd’s Register (LR) was formed in 1760, and has over 250 years of experience in worldwide assurance services, including cost quantification and risk mitigation.  LR’s energy consulting arm offers global advisory services for exploration, reservoir performance, survey, drilling, facilities engineering, production enhancement, and decommissioning. With regards to commercial services, LR provides M&A due diligence, independent certification of reserves, annual portfolio audits, and support of IPOs. The range of LR’s assessment and certification products are completely scalable according to the degree of investigation required to support each client decision