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State of the Industry In Situ Reserves - Full Day Workshop
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2017-10-16
When: October 16-2017
7:45-5:30 pm
Where: Hotel Arts
119 12th Avenue SW
Calgary, Alberta  T2R 0G8
Canada
Contact: Alison Leontaridis
403-269-1755


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State of the Industry - In Situ Reserves Full Day Workshop

 

Monday, October 16-2017

Hotel Arts (119 12th Avenue SW)

 

7:45 am - Registration

8:15 am - Workshop begins

 

Continental Breakfast, Lunch and End of Day Beer/Wine Networking Session Included 

 

Cost: CHOA Members $499 Non Members $599

 

Presented by Diamond Sponsor and Workshop Partner:

 

 

 

Join leading operators and industry experts in this full day workshop designed to hone in on what is relevant and changing in reserves classification and evaluation of in situ projects and how this is impacting reserves process best practices and outcomes. Geoscientists and reservoir engineers will share their observations, perspectives and unique insights on practical considerations associated with key aspects of their reserves estimation methods. The format, designed to elicit engagement, includes a combination of presentations and panel from a wide variety of organizations including the Alberta Energy Regulator, Athabasca Oil Corporation, BMO Capital Markets, Cenovus, Devon, GLJ Petroleum Consultants, Laricina, OSUM and Suncor.   

 

The two morning sessions will focus on operator experiences and go-forward perspectives as they relate to technical reserves assessment and supply costs.  

  • With the oldest SAGD projects pointing towards higher than expected recoverable volumes, what has the industry learned since the technology was first commercialized and how is this changing best practices for reserves estimation within the sector?
  • In response to the lower-for-longer commodity pricing shift, how are operators affecting the necessary cost reductions? In order improve supply costs, what real strategies and emerging technologies are being pursued and how do these efforts impact a company’s decision gate process?   

 

The two afternoon sessions will focus on pending best practice change and regulatory matters, augmenting operator views with perspectives from reserves, regulatory and investment professionals.

  • Understand the rationale behind the pending Canadian Oil and Gas Evaluation Handbook (COGEH) update including the Bitumen Guidelines.What aspects of in situ reserves estimation and the associated reserves and resources classification process are likely to be affected?  
  • Understand what we do and don’t know with respect to pending regulatory changes including a discussion on project applications,carbon tax, the carbon cap and methane emissions. Learn about the potential impact on in situ reserves and industry competitiveness

This workshop is designed for (i) engineers and geoscientists involved in reserves estimation, project valuation and project advancement, (ii) reserves management leadership and other individuals that are a part of the reserves management process and (iii) individuals interested in staying abreast of current topics and changes in reserves estimation and the reserves process.  For a basic introduction to in situ reserves, individuals are directed to the Canadian Heavy Oil Association In Situ Reserves and Resources Fundamentals Course. 

 

 

Agenda

 

7:45 – 8:15 am     Registration and continental breakfast

8:15 – 8:20 am     Welcome Remark

Part 1 Good News Story: Long Life Pads Exhibit Higher Than Expected Recoverable Volumes

8:20 – 8:30 am     In Situ Reserves Estimation – Then and Now (Bennett – GLJ) 

8:30 – 8:55 am     Shaping our Understanding of Oil Recovery in SAGD Reservoirs: Heat Distribution, Drainage Mechanisms and Optimization Strategies (Tofer – AOC)

8:55 – 9:20 am     One Company’s Story:  Development and Application of a New Resource Estimation Methodology for In Situ (Webb – Suncor) 

9:20 – 9:50 am     Operator Perspectives Panel – What Have We Learned?  (Tofer – AOC, Webb – Suncor, Kessler – OSUM)

9:50 – 10:00 am   Break

Part 2  Combatting Low Prices Through a Combination of Cost Reduction and Technological Advancement

10:00 – 10:15 am Cost Benchmarking – Then and Now (Bennett – GLJ)

10:15 – 10:40 am   One Impact of Building In Sustaining Mindset and Maintaining Relevancy (Field – Devon)

10:40 – 11:05 am   Collaborative Strategy for Advancing Solvent Technology Development (Bohm – Suncor)

11:05 – 11:35 am   Operator Perspectives Panel – Role of Technology in Cost Reduction (Field - Devon, Bohm - Suncor, tbd - Cenovus)

11:35 – 12: 30 pm   Networking lunch

Part 3   Reserves Best Practices and the Pending COGEH Update

12:30 – 12:45 pm   COGEH 2017 Update (Braaten - GLJ/SPEE president)

12:45 – 1:00 pm    COGEH Bitumen Guidelines 2017 Update (Joziasse - Cenovus, COGEH Bitumen committee lead

1:00 – 1:30 pm     Industry Perspectives Panel: The Evolution of COGEH and the Impact on Reserves and Reserves Process (Braaten - GLJ/SPEE president, Joziasse - Cenovus, Perrott - Suncor)

1:30 – 1:45 pm   Break

Part 4  Other Regulatory Matters – Knowns and Unknowns

1:45 – 2:10 pm   Carbon Tax, Carbon Cap, Methane Emissions Regulations – What We Do and Don’t Know (Spackman - GLJ)

2:10 – 2:35 pm  Industry Perspective: The Carbon Challenge (Solanki – Laricina/IOSA)

2:35 – 3:00 pm  Regulator Perspective – “Draft” Athabasca SAGD In Situ Oil Sands Reserves and Resource Process (LaPlante – AER)

3:00 – 3:25 pm  Investment Perspective: Lookback – Lookahead on In Situ Advances (Sandercock – BMO Capital Markets)

3:25 – 4:05 pm  Industry Perspectives Panel – Evolution of In Situ Reserves Process, Assessment and Valuation in Times of Change (Solanki – Laricina/IOSA, LaPlante - AER, Sandercock – BMO Capital Markets)

4:05– 4:15 pm  Closing remarks

4:15 – 5:00 pm Mingling and a cocktail 

 

 

Limited Registration Available

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