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Study Group: Oil and Gas Industry Deepwater Operations Experts

Council Members in this Study Group: 66

This study group may include experts knowledgeable on topics such as aerospace & defense, building materials, chemicals, construction, oil & gas, timber & forest products, utilities & power generation, mining, agriculture, industrial equipment and transportation, among others.

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Leading Experts in this Study Group

Dennis Fagerstone

Consultant
Dennis Fagerstone
What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Dennis Fagerstone is an independent consultant in the oil and gas industry. Prior, Mr. Fagerstone was an Executive Vice President of International Operations at Pioneer Natural Resources. He began as Executive Vice President following the August 1997...

James Ritter

Project Manager - Major Offshore Capital Projects
CHEVRON CORPORATION
What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

James Ritter is a Project Manager for Offshore major capital projects at Chevron. Mr. Ritter is currently responsible for construction and installation of the South Nemba Aux Platform Project in Angola, West Africa. He has experience in design, installation,...

Christopher Beato

President
Exaro Energy Llc
What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Christopher Beato is the President of Exaro Energy, a firm engaged in oil and natural gas acquisition, exploration and production throughout the United States and the Gulf of Mexico. Prior, Mr. Beato was the Managing Director of Fidelity Exploration and...

Fred Aminzadeh, Owner and Senior Advisor, dGB-USAFred Aminzadeh

Owner and Senior Advisor
dGB-USA
What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Fred Aminzadeh is the Owner and Senior Advisor of dGB-USA, a geophysical contracting firm. Previously, Dr. Aminzadeh was the President of the Society of Exploration Geophysicists. Prior to that, he was a Manager at Unocal Corporation. Dr. Aminzadeh has...

Jens Rasmussen

Owner
Raza Service
What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Jens Rasmussen is the Owner of Raza Service. Mr. Rasmussen has 28 years of professional experience in the marine and offshore industry. He is site manager for Floatel International's newbuilding of two deep water semisubmersible accommodation units in...

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GLG NewsSM Analyses by this Study Group's Leading Experts(?)

Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.

Seismic While Drilling is Emerging as a Practical Tool to Reduce Drilling Cost

August 17, 2009

Seismic-while-drilling technology advance hailed | www.ogj.com

Nick Snow, Washington Editor of the Oil and Gas Journal reports of a breakthrough in practical implementation of the seismic while drilling technology. Technology International Inc. of Kingwood, Tex., has developed a breakthrough borehole imaging system that is nearly commercial, according to the DOE. SeismicPulser system provides more accurate geosteering for oil and gas discoveries, facilitating field development and improving well economics.

Seismic technology contributed to successful sub-salt drilling in the GOM

July 28, 2009

BP Heralds Gulf of Mexico Prospects | online.wsj.com

Oil and Gas Journal reported a successful appraisal well drilling by BP PLC. This well was drilled in a previously untested southern segment of Mad Dog field in the Gulf of Mexico. The 826-5 well was drilled on Green Canyon Block 826 about 100 miles south of Grand Isle, La. The well found 280 net ft of hydrocarbons in the objective Miocene hydrocarbon-bearing sands. In 2008, BP drilled the A-7 well in the western part of the field, with 275 ft of net pay.

Largest discovery in California in 34 years

July 24, 2009

Oxy adds California gas-condensate giant | www.pennenergy.com

HOUSTON, July 23 -- Occidental Petroleum Corp. has drilled six wells in an apparent giant gas-condensate field in California’s San Joaquin basin that has an estimated 150-250 million boe recoverable. The discovery identified a new play concept that Oxy officials compared with an offshore deepwater structure. They said the concept is prospective underneath Oxy’s giant Elk Hills field southwest of Bakersfield and indicated it may be exploitable by other operators in the basin.

Reserves vs. Resources

June 30, 2009

Estimate Places Natural Gas Reserves 35% Higher | www.nytimes.com

This article correctly states that new technology has opened many areas in the US and worldwide for natural gas development. The 35% increase, however, is for resources, which is very different than reserves. These resources must be proven to be commercialy feasible for development before classification as reserves. At natural gas prices below $6/mmbtu, only 20-30 % of these resource plays in the US are commercial at present development cost levels. The quality of these unproven supplies must also be confirmed by drilling and testing. Adequate natural gas prices will be necessary to support development and conversion of this gas to reserves. 

2009 is Transition Year for Oil & Gas Exploration & Production

June 9, 2009

Period of Sustained Cost Escalation for Upstream O&G Facilities Ends | www.rigzone.com

Oil & Gas Companies are Acquiring Properties & Companies opportunistically taking advantage of today's Low Commodity Prices which are expected to continue through 2009 into first half of 2010.   Upstream E&P Companies that were highly financially leveraged during the High Commodity Price Period have been most severely impacted by the precipitous decline of commodity prices and today's more capital constrained financial markets.  2009 is a Transition Year for Oil & Gas E&P as well funded Integrated Major Oil companies defer traditional organic Drilling for Reserves, as they wait for Service Company and Oilfield Suppliers prices to reconcile with anticipated $70-$90 per barrel oil prices, as they decline from recent highs associated with $130-$150 oil commodity prices.          

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Members in this Study Group include these company types:

  • Consulting Firm (ei)
  • E&P Company (ei)
  • Offshore Service Vessel Contractor (ei)
  • Drilling contractor (ei)
  • Oilfield Equipment Manufacturer (ei)
  • Offshore Construction Contractor (ei)
  • Industry Publication (ei)
  • Market Research Company (ei)

Members in this Study Group often have these job titles:

  • Project Manager
  • Owner
  • Engineer
  • Consultant
  • Chief Executive Officer
  • Principal
  • Managing Director
  • Publisher
  • Director
  • Business Development Manager

GLG Live Meetings with this Study Group's Leading Experts (?)

August 21, 2008 | New York

GLG Seminar: (NYC) Future Exploration on the Outer Continental Shelf

August 14, 2008 | San Francisco

GLG Seminar: (SF) Oil and Gas E&P - Current Cycle and Technology

May 8, 2008 | New York

GLG Seminar: US Upstream Oil & Gas Overview

GLG Webcasts & Teleconferences

Leading Experts in Oil and Gas Industry Deepwater Operations Experts have not participated in any GLG webcasts.

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