Date: Wed 30th August
Location: The Chester Hotel, Aberdeen

Join Westwood Global Energy for a networking lunch followed by an afternoon of discussion and presentations from the Westwood team and invited panel guests, including; Professor Paul de Leeuw, Director, Energy Transition Institute, Robert Gordon University and Nick Richardson, Head of Exploration & New Ventures, North Sea Transition Authority

Over the last few years, the UK energy industry has had to adapt to changing priorities within the energy trilemma, that is security, affordability and sustainability. There has been significant movement in the latter to achieve net zero targets, however, an energy crisis accelerated by the war in Ukraine followed by a potential financial crisis, has increased attention on both security and affordability. Governments and E&P companies recognise that the oil and gas industry will still be needed to play its role in the transition to a net zero economy for the time being. However, given the turbulence in the external environment, and political uncertainty at home, we will undoubtedly see some companies in the region reduce investment in oil and gas activities or even exit the region. Other companies will adapt their operations and strategies or become more involved in new energy technologies.

Over the course of the session our experts discuss the evolving UKCS and how companies can create value. Key topics to be covered include future opportunities for:

• Oil and gas
• Decarbonisation and electrification
• Carbon capture and storage
• Decommissioning and infrastructure repurposing
• Rig market and supply chain

AGENDA

12:30 – 14:00
Network lunch and registration

14:00
Welcome: Gareth Hector

14:10 – 15:00 Session 1: Challenges and opportunities for the UKCS oil and gas industry
Yvonne Telford, Alyson Harding, Stuart Leitch

UK oil and gas demand will continue to outstrip domestic supply for the foreseeable future. Will the future of UKCS production be constrained by opportunity or by above ground challenges?

• Production decline in the UK is hinged on ongoing and future investment however, time is of the essence to maintain and extend operations of existing infrastructure and defer decommissioning.
• Companies are cutting investment budgets – how is the corporate landscape evolving?
• How are hubs performing in terms of emissions and what opportunities exist in electrification?
• What resources remain in undeveloped discoveries and can contingent resources be progressed to proven reserves?
• Does exploration and new licensing have a role to play in adding resources?
• What opportunities exist for decommissioning and in repurposing infrastructure, such as for CCS?

15:00 – 15:30 Refreshment Break

15:30 – 16:15 Session 2: Challenges and Opportunities for the UK Service Sector in the context of an evolving UKCS
Mark Adeosun, Teresa Wilkie

• What are the traditional EPC opportunities for the offshore UK market?
• What is the outlook for the rig market in Northwest Europe?
• What does CCS mean for the supply chain – eg Rigs, Subsea Trees, Pipelines and Repurposing of existing platforms?
• What is the potential impact of decommissioning and decarbonisation and what opportunities could it bring?

16:15 – End
Panel Session

• Nick Richardson, Head of Exploration & New Ventures, North Sea Transition Authority
• Professor Paul de Leeuw, Director, Energy Transition Institute, Robert Gordon University
• Further panellists to be announced shortly.

REGISTER   l    KeyFacts Energy Industry Directory: Westwood Global Energy