PD/st0601_4.PPT "Progressing Partnerships Operators-DTI" Why are we concerned? Short term activity is improving but basin is mature, finds are smaller.

Slides:



Advertisements
Similar presentations
Aims Competitive Industrial Base (Lisbon jobs and growth) Climate Change (greatest long-term challenge facing the human race) Right Mix/Balance – critical.
Advertisements

Access to UKCS Infrastructure Infrastructure access important for continuing development of UKCS Access is by commercial negotiation within a legal and.
PP/32/01 PD/st0601_4.PPT "Progressing Partnerships Operators-DTI" Why are we concerned? Short term activity is improving but basin is mature, finds are.
Barriers to Licence Trading Pre-emption Security for Abandonment Liabilities Technical data availability DTI limits on obligation wells Emphasis on swaps.
PP/31/01 Financial Security Arrangements Background: Perception that provision of security for future decommissioning obligations act as a barrier to licence.
Technology and the UKCS Delivery of PILOT targets depends critically on application of the right technology on the UKCS Many good examples on current projects.
Unlocking value through new relationships Offshore Europe 2001 co-operation between Government and industry co-operation between UK and Norway Iain Todd,
Unlocking Value Through New Relationships Malcolm Brinded Shell UK Country Chairman Co-Chair of ILT Member of OGITF/PILOT since December 1998.
Information Economics Consider the following variants on the game of poker: The Certainty Game – 5 cards dealt face up so that all players can see them.
THE INVISIBLE WAND Adaptive Co-Management as an Emergent Strategy in Complex Bio-Economic Systems A Paper written by Jack Ruitenbeek and Cynthia Cartier.
2009 ACTIVITY & REGULATORY UPDATE Simon Toole Energy Development Unit Department of Energy and Climate Change 9 Dec 2009.
Importance of Effective Sand Management - DTI View Colin Cranfield Reservoir Engineer Licensing & Consents Unit, Aberdeen.
Unlocking the potential from UKCS low deliverability reservoirs Colin Cranfield (DTI) Pete Naylor (ECL Technology)
Recent Influences on Exploration and Development Simon Toole Director – Licensing, Exploration & Development.
Making the Most from UKCS Exploration Simon Toole Director – Licensing, Exploration & Development Prospex Fair 11/12 Dec 2007.
1. 2 Introduction Industry trends Engagement models Governance Innovation Case Study Summary & Wrap Up Agenda.
Project leaders will keep track of team progress using an A3 Report.
‘There is no ‘I’ in team……
Innovation and Technology. 2 R&D and market structure Technological development contributes decisively to economic growth. Modern economic growth relies.
OVERVIEW OF RECENT ECONOMIC AND SOCIAL DEVELOPMENTS IN AFRICA Adam ElHiraika, Director, Macroeconomic Policy Division (MPD), UNECA.
CHAPTER 11 MANAGING INTERNAL OPERATIONS: ACTIONS THAT PROMOTE GOOD STRATEGY EXECUTION.
ENERGY, OIL AND GAS DEVELOPMENT Consultative Group Meeting September 23, 2010.
Scott Kleinberg, USAID / EGAT/MD March 20, 2008
State aid and regional policy Paul Hadley Department for Trade and Industry United Kingdom.
The Role of Fiscal Regimes in Determining Competitiveness of Company Investments Marianne Kah 32 nd USAEE/IAEE North American Conference Petroleum Fiscal.
Steinar Njå Norwegian Petroleum Directorate Licensing system in Norway.
The petroleum sector in Norway: Resource management and policy Per Heum MBA Summer Cource NHH June 24, 2008.
Weatherford International Matt Miller Business Summary Weatherford International provides a large portfolio of services, including pressure.
The UKCS in Sustaining Success, Competing for the Future Steve Harris Communications Director UKOOA.
Section How are People Influenced at Work Topics: Environmental Issues Social Ethical Issues Legal and Self Regulation Issues Relevant Case Studies.
IPAA OGIS Conference New York April 18, Triton’s Primary Areas of Activity Triton Business Model High Impact International E & P.
Dedicated to Testing Excellence TMF Forum October 2008 Future of Testing In Turbulent Times.
Nexen Inc. Brian Reinsborough President Nexen Petroleum U.S.A., Inc. Friday, December 5, 2008 Challenges in the Deepwater Gulf of Mexico.
1 ATP Oil & Gas Corporation The Seventh Oil & Gas Conference August 5-8, 2002 ATP Oil & Gas Corporation.
Ivan Mikloš Deputy Prime Minister and Minister of Finance of the Slovak Republic Munich June 18, 2004 GROWTH FOR BETTER SOCIAL STANDARDS BETTER SOCIAL.
UK Offshore Wind April April UK Offshore Wind 2002 James May Director-General UKOOA.
Monopoly Topic 6. MONOPOLY- Contents 1. Monopoly Characteristics 2. Monopoly profit maximization 3. Assessment of Monopoly 4. Regulation of Monopoly 5.
Development of United Kingdom North Sea Oil and Gas Stephen Dow CEPMLP, University of Dundee.
ATP Oil & Gas Corporation Global Executive Finance for Oil & Gas 2002 May 13-14, 2002 Al Reese, Jr. Senior Vice President & Chief Financial Officer ATP.
AIFA European Conference on Clinical Research for Decision Making Sergio Dompé - Farmindustria Rome, March 30th, 2007 Access to market by new medicines.
Natural Resources & Related Industries Natexis Banques Populaires FINANCING THE INDEPENDENTS NOT AN OFFICIAL UNCTAD RECORD.
THE LIBERALIZATION EXPERIENCE: THE CASE OF GHANA A PRESENTATION BY CAPT. JOE BOACHIE, ACTING DIRECTOR-GENERAL, GHANA CIVIL AVIATION AUTHORITY AT THE SEMINAR.
Research & Development Management. Structure of Lecture 1. What is R&D and why is it important (and how does this importance differ between industries?
Energy Future In The Cayman Islands The Cayman Institute.
UKCS INITIATIVES TO ENCOURAGE EXPLORATION Jen Brzozowska Head of Exploration.
Regulation of Mergers & Acquisitions Presentation by Magdeline Gabaraane GICC 14 th March
Carbon Capture and Storage Shell Exploration & Production Carbon Capture & Storage Regulatory Principles 18 h November 2008 Energy Delta Convention.
Storm Water Permitting. Oil And Gas Operator Concerns  Impacts of Storm Water Permitting on Operators who do business primarily – On Privately Owned.
The Divorce of Ownership & Control A2 Economics Unit 3 The Divorce of Ownership & Control A2 Economics Unit 3.
Europe Youth Unemployment Portugal Youth Unemployment.
Hollings Manufacturing Extension Partnership MEP Overview 2015.
Market Transparency and Efficiency: Fine Wine’s Online Revolution.
CETA GROWTH ANSWERS. QUESTION ONE (a) PPC PPC 1.
CLIMATE CHANGE A PERSPECTIVE FROM MEXICO Seminar of Governmental Experts Bonn, 16-17th of May, 2005 SEMARNAT MEXICO.
 1. Identify the components of setting SMART goals as a class  2. Establish a minimum of three short-term and long-term goals in relation to their individual.
6 Decision making to improve human resource performance
“Hydrocarbons Exploration Activities Offshore Cyprus”
Exploration – A Discovery for the Faroese community
THE LIBERALIZATION EXPERIENCE: THE CASE OF GHANA
NS4960 Spring Term 2017 Oil Major’s Shale Portfolios
Clarkson CHS Improving Academic Standards
Microsoft 365 – Make it real with GTM Accelerators
The role of debt policy in the development of a derivatives market
Sixth Power Plan Setting Conservation Targets and Implementation Strategies Jill Steiner, Snohomish Public Utility District Northwest Power and Conservation.
Components of the Upstream
PAY IN 2015 – A BRIEF UPDATE ON GLOBAL AND RSA TRENDS
GOAL: Purpose toward which an endeavor is directed; ones target, objective, intention 4 reasons we should set goals: Gives target to aim at Helps concentrate.
Long Term Prospects for Activity in the UKCS
Lecture 1 Entrepreneurs – Who are they and what makes them tick?
Blueberry.
Presentation transcript:

PD/st0601_4.PPT "Progressing Partnerships Operators-DTI" Why are we concerned? Short term activity is improving but basin is mature, finds are smaller exploration levels low and managers risk adverse many prospects and discoveries not material to all licensees little incentive to turnover inactive licence holdings barriers to new players commercial behaviours learnt in different setting

PD/st0601_4.PPT "Progressing Partnerships Operators-DTI" These conditions allow: deep rooted, persistent, misalignments within partnerships and between partnerships low expectations of what can be achieved protracted negotiation and completion of transactions and ample opportunity for collapse loss of momentum quality second and third tier operators avoiding the UKCS

PD/st0601_4.PPT "Progressing Partnerships Operators-DTI" Evolution If left the UKCS will evolve and better practices will develop but without pressure this evolution will be slow and wasteful economic oil will be left in the ground Low oil price was driving this evolution faster, see it as the job of this workgroup to keep the pressure up.

PD/st0601_4.PPT "Progressing Partnerships Operators-DTI" The DTI wants to see licences in the hands of those best able to maximise the wealth creation. Specifically our targets for the workgroup are: Eliminate pre-emption Binding code of practice for negotiation and settlement Licences relinquished after 4 years without drilling/development approval.

PD/st0601_4.PPT "Progressing Partnerships Operators-DTI" Accelerating evolution DTI has a number of ways to help industry towards these targets: reward good performance by the use of discretionary licence powers reward good performance by the award of new licences reward good performance by extending licence terms of producing fields use mc powers to require exploration drilling and development activity only where licensees have failed to perform revise licence regime

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2025 SlidePlayer.com. Inc. All rights reserved.