All Posts from David Bamford


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Joined-up thinking about the North Sea?

There seems to be a lot of thought going into the issue of Decommissioning in the North Sea, with companies perhaps beginning to realise that the traditional approach – to take a ‘finger in the air' estimate of the potential costs to put into their accounts and then breathe a sigh of relief when the ...

David Bamford


Posted 12 days agoOpinion > North SeaDecommissioningMarginal Discoveries +2

In praise of seeps?

I knew from early in my time at BP that the previous generation of explorers had used surface seeps to locate oil reservoirs in the Middle East – find a surface seep in the middle of a map-able anticline…….. Then when I was involved in BP's Gulf of Mexico exploration, I understood that you could se ...

David Bamford


Posted 25 days agoOpinion > SeepsGeophysicsSatellite Data +2

Give us a Carbon Tax!

It seems like the Majors (and some of their NOC friends) are aligned in appealing for a Carbon Tax, specifically a tax on carbon emissions from oil & gas operations. The cynics amongst you might question the motives of the folk appealing for this – does it ‘knife' a significant number of competitor ...

David Bamford


Posted 27 days agoOpinion > Carbon TaxShellPremier Oil +1

Take Unconventionals Offshore!

Conventional petroleum provinces in NW Europe range from mature to very mature, and thus it seems that future will be defined in terms of shale oil/gas and “marginal discoveries” (the OGA estimates that there are ~350 unsanctioned discoveries in the UKCS). However, let me introduce to you the intri ...

David Bamford


Posted 28 days agoOpinion > North Seashale oilMarginal Discoveries +2

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 1 month 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 month agoOpinion > Big DataSeismicSweet spots

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 1 month 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 1 month 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 2 months 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 2 months 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 2 months 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 2 months 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 3 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 3 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 3 months agoOpinion > UKNorth Sea