BEGIN:VCALENDAR VERSION:2.0 PRODID:-//SPE WA - ECPv6.18.3.1//NONSGML v1.0//EN CALSCALE:GREGORIAN METHOD:PUBLISH X-ORIGINAL-URL:https://www.spe-wa.org X-WR-CALDESC:Events for SPE WA REFRESH-INTERVAL;VALUE=DURATION:PT1H X-Robots-Tag:noindex X-PUBLISHED-TTL:PT1H BEGIN:VTIMEZONE TZID:Australia/Perth BEGIN:STANDARD TZOFFSETFROM:+0800 TZOFFSETTO:+0800 TZNAME:AWST DTSTART:20210101T000000 END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTART;TZID=Australia/Perth:20220621T164500 DTEND;TZID=Australia/Perth:20220621T193000 DTSTAMP:20220407T033945Z CREATED:20220621T084500Z LAST-MODIFIED:20220407T033945Z UID:30790-1655829900-1655839800@www.spe-wa.org SUMMARY:Making Better Upstream Acquisitions: The Role of the Petroleum Engineer and Why its Different From the Day Job DESCRIPTION:Society of Petroleum Engineers Western Australia is proud to present the details of our June SPE Distinguished Lecturer Technical Evening Meeting. \nAbout the Presentation\nGlobal upstream transactions are estimated at nearly $200 bn in 2021. Production/cost forecasts and assessment of future opportunities/risks are crucial inputs to the economic evaluation of a potential acquisition. It follows that potential buyers need to conduct technical due diligence on these inputs. In times of volatile oil and gas prices\, good technical due diligence can be the difference between a good and a bad deal. \nPetroleum engineers are often called upon to join acquisition teams. With typically a few days/weeks of evaluation time\, technical due diligence requires considerable focus and a fundamentally different approach to the typical industry workflow. Yet\, there are no industry courses on this subject and a OnePetro search reveals the last paper was 30 years ago. \nThis talk highlights how a Petroleum Engineer should approach working in an upstream acquisitions team and illustrates practical methods for conducting technical due diligence. A ‘top down’ process that starts with identifying what drives value is proposed. Several case studies are presented showing how good technical due diligence has had a fundamental impact on acquisition decisions. \nThe key messages are that technical due diligence requires a very different approach from the Petroleum Engineer’s ‘day job’ and that it pays. \nAbout the Speaker – Geoff Salter\nGeoff Salter is a Partner at RISC Advisory specializing in Reservoir Engineering. He holds an MSc in Petroleum Engineering. His early industry experience was focused on field development and production operations with major operators Shell and Woodside. During his 25 years at RISC Advisory based in London or Perth\, he has led technical due diligence teams on oil and gas acquisition opportunities in the Asia-Pacific region\, Europe\, Middle East and Africa. He has travelled extensively throughout these regions\, presented at industry conferences and participated in SPE ATWs. \nAbout the Event\nPrice:             Early Bird SPE Member          $40 \n                       Early Bird Non-Member          $60 \n                       SPE Member                          $50\n                       Non-Member                          $70 \nDate:              Tuesday\, 21 June 2022 \nLocation:       Parmelia Hilton Hotel\nLocation:       14 Mill Street\, Perth WA 6000 \nTime:             16:45 am – 17:00 pm Registration & Networking.\nTime:             17:00 pm – 17:10 pm SPE WA Opening Marks.\nTime:             17:10 pm – 17:45 pm Presentation.\nTime:             17:45 pm – 18:00 pm Q&A Session.\nTime:             18:00 pm – 19:30 pm Closing with Networking drinks & Nibbles. \nPlease notice the tickets sale is limited and be hurry to lock in your ticket. The ticket sale closes on the 20 June 2022 at 4 pm. \nAs per government requirements\, proof of at minimum double vaccination is required to enter the venue. \nFree Tickets Available for SPE Student Chapter Members\nSPE WA\, in conjunction with our sponsors\, is kindly sponsoring SPE Student Chapter Members to attend the monthly technical events. Please fill out an application form explaining why you are interested in attending the SPE WA technical events. Successful applicants will be notified via email. Note that applications will only be accepted up to the 14th of June 2022. \nApplication Form: https://docs.google.com/StudentApplicationForm URL:https://www.spe-wa.org/event/21th-june-2022-spe-wa-technical-evening-meeting/ LOCATION:Pamelia Hilton Hotel\, 14 Mill St\, Perth\, WA\, 6000\, Australia CATEGORIES:Technical Program ATTACH;FMTTYPE=image/jpeg:https://www.spe-wa.org/wp-content/uploads/2022/06/DL-2021-22_Geoff-Salter_800x800_LinkedIn.jpeg END:VEVENT END:VCALENDAR