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The Wooden Spoon!

https://en.wikipedia.org/wiki/Wooden_spoon_(award ) Yet another article from the Daily Telegraph , this time reporting on the IEA's warning that “$1.3 trillion of oil and gas could be left stranded”. Now this is interesting as they are seeing that the Majors are recognising the risk and securing ...

David Bamford


Posted 3 hours agoOpinion > Stranded ResourcesCarbon CaptureE&Ps +1

Using Analytics

I have previously expressed my scepticism about how some of the “big data” learnings from other industries can be applied in oil & gas and I confess that I still need paracetamol for my headache when one of the behemoths of the world, or even of our industry, addresses the topic! However, listening ...

David Bamford


Posted 1 day agoOpinion > Oil and Gas AnalyticsBig DataSeismic +1

Understand your reservoir!

Some of you may have already browsed the OGA's five year review of (UKCS) major oil and gas projects . It is a sobering read, chronicling the various mishaps that beset 58 major projects executed between 2011 and 2016. On average: fewer than 25% of projects were delivered on time (average of 10 ...

David Bamford


Posted 2 days agoOpinion > North SeaReservoirProject Delivery +1

If it's in the Telegraph...

….then it must be true! Hidden behind their ‘Premium' designation, the Daily Telegraph announced the other day that “Big Oil embraces carbon capture with the zeal of the converted” noting that “"We can't just keep our heads in the sand," said Bob Dudley from BP”. I would comment that this gives ...

David Bamford


Posted 7 days agoOpinion > Climate ChangesCarbon CaptureEmissions

Regional opportunities in North Africa

Perhaps the starting point here is to recognise that there is manifestly no political coherence, no unifying political entity, which covers Morocco – Algeria – Tunisia – Libya – Egypt. Nevertheless Algeria, Libya and Egypt are major petroleum-producing countries, and Morocco has surprised industry i ...

David Bamford


Posted 1 month agoOpinion > North AfricaEgypt

Regional opportunities in, and around, the Caribbean

The broad Caribbean is dominated by two major petroleum-producing countries, Venezuela and Mexico, even arguably a a third, the United States way to the north. However I would like to focus on the arc of countries from Guyana, through Trinidad & Tobago and Barbados, all the way to Jamaica. Interes ...

David Bamford


Posted 1 month agoOpinion > Caribbean

Turning the failing Exploration business around!

Sorry to go on about it but Exploration performance has been poor for some years. This is a rather superficial review of merely the latest poor year, 2016, focussed on the plummeting of discovered volumes to a historic low. But this narrow beam of light has allowed some to claim that this was sim ...

David Bamford


Posted 1 month agoOpinion > Exploring

Do you go to work in a horse and cart?

It is now almost a year since the Go computer program AlphaGo, constructed by DeepMind, beat the world Go champion, Lee Sedol . As I understand it, a key success factor for DeepMind was that Go is a rule-based game; and machine learning from DeepMind ‘loves' rule-driven analyses and being fed tho ...

David Bamford


Posted 1 month agoOpinion > Technology

Could the boards of Majors or E&Ps find oil & gas or develop it?

Domain Knowledge... A few weeks ago I made the point that folk who are trying to sell software, technology and services into the oil & gas industry would do better if they had domain knowledge, a deep understanding of the industry acquired through personal experience. Have you read Luke Johnson's ...

David Bamford


Posted 2 months agoOpinion > UK Oil & Gas Investments

Seismic is King?

“Seismic is King!” ... ... but are there any Princes? Seismic technology has dominated geoscience, and thus the Exploration and Exploitation businesses, throughout my career in oil & gas. And within it there continues to be remarkable innovation, led by companies such as PGS. Nevertheless the “all ...

David Bamford


Posted 2 months agoOpinion > Technology

Fail - to succeed!

Exploration is in fact a scientific enterprise – as well as a business: we make predictions and then test them with the drill bit. And we aim to learn from these tests. And try again. On a recent vacation one of my Kindle reading items was Matthew Syed's book “Black Box Thinking” . In it he uses ...

David Bamford


Posted 2 months agoOpinion > UKNorth Sea

Yes, we have no bananas!

Some folk have asked me if this is a commentary on E&Ps operating in Kurdistan or the UK onshore or perhaps on the AIM oil & gas sector in general. Not at all, not at all!! One day on a remote planet in a parallel Universe…… A Botanist from a very very small company came across a large field fu ...

David Bamford


Posted 2 months agoOpinion

W(h) ither European shale oil and gas?

The US experience with shale oil and shale gas offers a number of lessons to the rest of the world. Lessons that suggest, amongst other things, that UK onshore unconventionals will be tough to deliver. Lesson #1 seems to be that the best ‘candidate shales' are those that have acted as the source ...

David Bamford


Posted 3 months agoOpinion

Exploration is a Business!

This is a commentary on the US shale revolution, by a participant: “Geology is a science. Geophysics is a science. Exploration is a Business” Given that, where do we go from here, what happens next? This quotation is usually attributed to Albert Einstein: “Insanity: doing the same thing over and ...

David Bamford


Posted 3 months agoOpinion

E&P problems that are worth solving!

It is a contradiction that our industry has a reputation for being, and in fact is, very conservative when it comes to adopting new technologies and yet is made up of individuals (also known as consumers) who are anything but that: the latter will pick up a Blackberry like they are going out of fash ...

David Bamford


Posted 3 months agoOpinion