Monday CSPG Luncheon
CSPG Keynote Luncheon
Monday, May 13, 2019
12:00pm – 1:00pm
Hyatt Hotel, Imperial Ballroom 5/7/9
700 Centre Street SE
$60 per ticket, table of 10, $600
Bob Fryklund, Chief Strategist Upstream, IHS Markit
Is There A New Energy Norm- and If So How Do I Play the Game?
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Canadian Society of Petroleum Geologists presents Bob Fryklund, Chief Strategist Upstream, IHS Markit and his talk Is There A New Energy Norm- and If So How Do I Play the Game?
As the energy transition progresses companies are faced with dealing with a very dynamic and volatile world with up and down commodity prices, changing geopolitical landscapes and major shifts in markets for which to plan.
As a result, companies are adjusting their strategies to be competitive for the future. Moreover, we are starting to see companies split into several camps— North American independents and global players (the majors and some national oil companies). But for both the priority is focus and short cycle projects which they can dial up and down capital spending as market conditions change. This has in turn lead to the rise of the specialist – companies who focus on one play or basin like the Permian, or one region like the North Sea.
But what about exploration? Exploration too is undergoing a reset. New venture exploration has tailed off with the total number of new field wildcats dropping below 500 for the last two years and continuing the deep decline since 2014. The result has been the lowest amount of oil discovered since 1952.
As a result, exploration is being re- defined, with a smaller and smaller group still participating in new venture exploration and the dominant group focusing on exploration in proven basins.
This has resulted in some remarkable growth in basins once thought as mature with some seeing reserves increase by 20- 30 times.
This talk will look at the two groups – who they are and what new strategies they are applying.
You do not need to be registered for the Convention to attend the luncheons; these are open to all individuals.
Member and non-member tickets to the CSPG luncheon are only $60, a full table can be purchased for $600.
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